UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-08333
Nuveen Investment Trust II
(Exact name of registrant as specified in charter)
Nuveen Investments
333 West Wacker Drive, Chicago, IL 60606
(Address of principal executive offices) (Zip code)
Mark J. Czarniecki
Vice President and Secretary
333 West Wacker Drive,
Chicago, IL 60606
(Name and address of agent for service)
Registrant’s telephone number, including area code: (312) 917-7700
Date of fiscal year end: August 31
Date of reporting period: February 28, 2021
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policy making roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss.3507.
ITEM 1. | REPORTS TO STOCKHOLDERS. |
Fund Name | Class A | Class C | Class R6 | Class I |
Nuveen Large Cap Core Fund | NLACX | NLCDX | NLCFX | NLCIX |
Nuveen Equity Long/Short Fund | NELAX | NELCX | — | NELIX |
Nuveen Equity Market Neutral Fund | NMAEX | NMECX | — | NIMEX |
Total Returns as of February 28, 2021* | |||||||||
Cumulative | Average Annual | Expense Ratios** | |||||||
Inception Date | 6-Month | 1-Year | 5-Year | Since Inception | Gross | Net | |||
Class A Shares at NAV | 6/17/13 | 12.15% | 32.49% | 12.75% | 11.77% | 1.02% | 0.98% | ||
Class A Shares at maximum Offering Price | 6/17/13 | 5.70% | 24.87% | 11.42% | 10.92% | - | - | ||
Russell 1000® Index | - | 11.78% | 34.28% | 17.37% | 14.09% | - | - | ||
Lipper Multi-Cap Core Funds Classification Average | - | 13.97% | 31.47% | 14.99% | 12.09% | - | - | ||
Class C Shares | 6/17/13 | 11.74% | 31.48% | 11.92% | 10.94% | 1.77% | 1.73% | ||
Class I Shares | 6/17/13 | 12.30% | 32.79% | 13.03% | 12.05% | 0.77% | 0.73% |
Total Returns as of February 28, 2021* | ||||||||
Cumulative | Average Annual | Expense Ratios** | ||||||
Inception Date | 6-Month | 1-Year | Since Inception | Gross | Net | |||
Class R6 Shares | 6/30/16 | 12.34% | 32.58% | 12.95% | 0.69% | 0.65% |
Total Returns as of February 28, 2021* | |||||||||
Cumulative | Average Annual | Expense Ratios** | |||||||
Inception Date | 6-Month | 1-Year | 5-Year | 10-Year | Gross | Net | |||
Class A Shares at NAV | 12/30/08 | 5.39% | 16.88% | 7.86% | 6.81% | 3.09% | 2.98% | ||
Class A Shares at maximum Offering Price | 12/30/08 | (0.68)% | 10.15% | 6.59% | 6.18% | - | - | ||
Russell 1000® Index | - | 11.78% | 34.28% | 17.37% | 13.58% | - | - | ||
Lipper Alternative Long/Short Equity Funds Classification Average | - | 7.66% | 15.02% | 6.27% | 5.00% | - | - | ||
Class C Shares | 12/30/08 | 4.98% | 16.00% | 7.06% | 6.01% | 3.84% | 3.72% | ||
Class I Shares | 12/30/08 | 5.50% | 17.17% | 8.14% | 7.08% | 2.85% | 2.73% |
Total Returns as of February 28, 2021* | |||||||||
Cumulative | Average Annual | Expense Ratios** | |||||||
Inception Date | 6-Month | 1-Year | 5-Year | Since Inception | Gross | Net | |||
Class A Shares at NAV | 6/17/13 | (9.60)% | (9.90)% | (2.15)% | 0.20% | 3.03% | 2.95% | ||
Class A Shares at maximum Offering Price | 6/17/13 | (14.80)% | (15.08)% | (3.30)% | (0.57)% | - | - | ||
ICE BofAML 3-Month U.S. Treasury Bill Index | - | 0.06% | 0.40% | 1.20% | 0.80% | - | - | ||
Lipper Alternative Equity Market Neutral Funds Classification Average | - | (1.36)% | (3.88)% | (2.80)% | 1.28% | - | - | ||
Class C Shares | 6/17/13 | (9.89)% | (10.55)% | (2.87)% | (0.54)% | 3.79% | 3.71% | ||
Class I Shares | 6/17/13 | (9.45)% | (9.66)% | (1.90)% | 0.45% | 2.79% | 2.71% |
Fund Allocation (% of net assets) | |
Common Stocks | 99.8% |
Repurchase Agreements | 0.1% |
Other Assets Less Liabilities | 0.1% |
Net Assets | 100% |
Portfolio Composition (% of net assets) | |
Technology Hardware, Storage & Peripherals | 9.7% |
Software | 8.0% |
Health Care Providers & Services | 7.4% |
Specialty Retail | 6.5% |
Interactive Media & Services | 5.9% |
IT Services | 5.5% |
Household Durables | 4.3% |
Machinery | 4.3% |
Semiconductors & Semiconductor Equipment | 4.0% |
Internet & Direct Marketing Retail | 3.8% |
Chemicals | 3.4% |
Electrical Equipment | 3.3% |
Tobacco | 2.5% |
Food & Staples Retailing | 2.3% |
Building Products | 2.2% |
Construction & Engineering | 2.1% |
Containers & Packaging | 2.0% |
Air Freight & Logistics | 1.8% |
Personal Products | 1.8% |
Other 1 | 19.0% |
Repurchase Agreements | 0.1% |
Other Assets Less Liabilities | 0.1% |
Net Assets | 100% |
Top Five Common Stock Holdings (% of net assets) | |
Apple Inc | 6.4% |
Microsoft Corp | 4.8% |
Alphabet Inc | 3.2% |
Amazon.com Inc | 2.8% |
Facebook Inc | 2.7% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. |
Fund Allocation (% of net assets) | |
Long-Term Investments | |
Common Stocks | 113.6% |
Total Long Exposure | 113.6% |
Short-Term Investments | |
Repurchase Agreements | 13.5% |
Total Investments | 127.1% |
Securities Sold Short | |
Common Stocks Sold Short | (43.6)% |
Total Short Exposure | (43.6)% |
Other Assets Less Liabilities | 16.5% |
Net Assets | 100% |
Top Five Holdings - Long Exposure (% of net assets) | |
Apple Inc | 4.0% |
Microsoft Corp | 3.7% |
Alphabet Inc | 2.5% |
Amazon.com Inc | 2.0% |
UnitedHealth Group Inc | 1.6% |
Top Five Holdings - Short Exposure (% of net assets) | |
Change Healthcare Inc | (0.5)% |
Varian Medical Systems Inc | (0.5)% |
SolarWinds Corp | (0.5)% |
Masimo Corp | (0.5)% |
Teleflex Inc | (0.5)% |
Portfolio Composition Long Exposure (% of net assets) | |
Software | 10.4% |
Health Care Providers & Services | 6.9% |
IT Services | 5.7% |
Technology Hardware, Storage & Peripherals | 5.4% |
Household Durables | 5.3% |
Interactive Media & Services | 4.8% |
Semiconductors & Semiconductor Equipment | 4.6% |
Specialty Retail | 4.1% |
Machinery | 4.0% |
Capital Markets | 4.0% |
Biotechnology | 3.6% |
Electronic Equipment, Instruments & Components | 3.3% |
Chemicals | 3.2% |
Banks | 3.1% |
Building Products | 3.0% |
Construction & Engineering | 3.0% |
Equity Real Estate Investment Trust | 2.8% |
Internet & Direct Marketing Retail | 2.7% |
Food & Staples Retailing | 2.5% |
Air Freight & Logistics | 2.2% |
Electrical Equipment | 2.0% |
Professional Services | 1.9% |
Aerospace & Defense | 1.9% |
Household Products | 1.9% |
Metals & Mining | 1.9% |
Other 1 | 19.4% |
Total | 113.6% |
Portfolio Composition Short Exposure (% of net assets) | |
Software | (4.4)% |
Health Care Equipment & Supplies | (3.1)% |
Biotechnology | (2.6)% |
Equity Real Estate Investment Trust | (2.1)% |
IT Services | (2.0)% |
Hotels, Restaurants & Leisure | (1.9)% |
Aerospace & Defense | (1.8)% |
Life Sciences Tools & Services | (1.6)% |
Oil, Gas & Consumable Fuels | (1.6)% |
Insurance | (1.5)% |
Pharmaceuticals | (1.4)% |
Other 1 | (19.6)% |
Total | (43.6)% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. |
Fund Allocation (% of net assets) | |
Long-Term Investments | |
Common Stocks | 96.9% |
Total Long Exposure | 96.9% |
Short-Term Investments | |
Repurchase Agreements | 7.4% |
Total Investments | 104.3% |
Securities Sold Short | |
Common Stocks Sold Short | (98.7)% |
Total Short Exposure | (98.7)% |
Other Assets Less Liabilities | 94.4% |
Net Assets | 100% |
Top Five Holdings - Long Exposure (% of net assets) | |
World Wrestling Entertainment Inc | 1.1% |
Iron Mountain Inc | 1.1% |
Dolby Laboratories Inc | 1.1% |
Williams-Sonoma Inc | 1.0% |
Tempur Sealy International Inc | 1.0% |
Top Five Holdings - Short Exposure (% of net assets) | |
Twitter Inc | (1.1)% |
Live Nation Entertainment Inc | (1.1)% |
Elanco Animal Health Inc | (1.1)% |
Fidelity National Information Services Inc | (1.1)% |
FirstEnergy Corp | (1.1)% |
Portfolio Composition Long Exposure (% of net assets) | |
Health Care Providers & Services | 6.8% |
IT Services | 5.9% |
Electronic Equipment, Instruments & Components | 5.9% |
Machinery | 4.9% |
Specialty Retail | 4.8% |
Building Products | 4.4% |
Household Durables | 4.0% |
Containers & Packaging | 3.7% |
Construction & Engineering | 3.3% |
Equity Real Estate Investment Trust | 3.1% |
Software | 2.9% |
Chemicals | 2.9% |
Leisure Products | 2.8% |
Real Estate Management & Development | 2.0% |
Hotels, Restaurants & Leisure | 2.0% |
Technology Hardware, Storage & Peripherals | 2.0% |
Oil, Gas & Consumable Fuels | 2.0% |
Professional Services | 2.0% |
Household Products | 1.9% |
Food & Staples Retailing | 1.9% |
Electrical Equipment | 1.9% |
Biotechnology | 1.9% |
Personal Products | 1.9% |
Capital Markets | 1.5% |
Diversified Consumer Services | 1.3% |
Other 1 | 19.2% |
Total | 96.9% |
Portfolio Composition Short Exposure (% of net assets) | |
Electric Utilities | (5.8)% |
Entertainment | (5.3)% |
Hotels, Restaurants & Leisure | (5.2)% |
Pharmaceuticals | (5.0)% |
Oil, Gas & Consumable Fuels | (4.9)% |
Semiconductors & Semiconductor Equipment | (4.9)% |
Health Care Equipment & Supplies | (4.8)% |
IT Services | (3.9)% |
Software | (3.9)% |
Aerospace & Defense | (3.8)% |
Capital Markets | (3.0)% |
Specialty Retail | (2.9)% |
Biotechnology | (2.8)% |
Insurance | (2.8)% |
Consumer Finance | (2.8)% |
Chemicals | (2.7)% |
Equity Real Estate Investment Trust | (2.5)% |
Food Products | (2.3)% |
Interactive Media & Services | (2.1)% |
Airlines | (2.1)% |
Water Utilities | (2.0)% |
Textiles, Apparel & Luxury Goods | (1.9)% |
Road & Rail | (1.9)% |
Other 1 | (19.4)% |
Total | (98.7)% |
1 | See Portfolio of Investments for details on "other" Portfolio Composition. |
Share Class | ||||
Class A | Class C | Class R6 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,121.51 | $1,117.39 | $1,123.39 | $1,122.96 |
Expenses Incurred During the Period | $ 5.15 | $ 9.08 | $ 3.58 | $ 3.84 |
Hypothetical Performance (5% annualized return before expenses) | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,019.93 | $1,016.22 | $1,021.42 | $1,021.17 |
Expenses Incurred During the Period | $ 4.91 | $ 8.65 | $ 3.41 | $ 3.66 |
Share Class | |||
Class A | Class C | Class I | |
Actual Performance | |||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,053.86 | $1,049.77 | $1,055.04 |
Expenses Incurred During the Period | $ 15.07 | $ 18.86 | $ 13.76 |
Hypothetical Performance (5% annualized return before expenses) | |||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,010.12 | $1,006.40 | $1,011.41 |
Expenses Incurred During the Period | $ 14.75 | $ 18.46 | $ 13.47 |
Share Class | |||
Class A | Class C | Class I | |
Actual Performance | |||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $ 903.95 | $ 901.14 | $ 905.47 |
Expenses Incurred During the Period | $ 17.84 | $ 21.40 | $ 16.35 |
Hypothetical Performance (5% annualized return before expenses) | |||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,006.05 | $1,002.28 | $1,007.64 |
Expenses Incurred During the Period | $ 18.80 | $ 22.54 | $ 17.22 |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.8% | ||||||
COMMON STOCKS – 99.8% | ||||||
Air Freight & Logistics – 1.8% | ||||||
9,000 | FedEx Corp | $2,290,500 | ||||
37,000 | United Parcel Service Inc | 5,839,710 | ||||
Total Air Freight & Logistics | 8,130,210 | |||||
Automobiles – 0.5% | ||||||
3,000 | Tesla Inc, (2) | 2,026,500 | ||||
Banks – 1.4% | ||||||
8,000 | JPMorgan Chase & Co | 1,177,360 | ||||
101,000 | US Bancorp | 5,050,000 | ||||
Total Banks | 6,227,360 | |||||
Biotechnology – 1.1% | ||||||
29,000 | United Therapeutics Corp, (2) | 4,848,220 | ||||
Building Products – 2.2% | ||||||
92,000 | Carrier Global Corp | 3,360,760 | ||||
17,000 | Johnson Controls International plc | 948,430 | ||||
7,000 | Masco Corp | 372,540 | ||||
35,000 | Trane Technologies PLC | 5,363,400 | ||||
Total Building Products | 10,045,130 | |||||
Capital Markets – 1.3% | ||||||
18,000 | Goldman Sachs Group Inc | 5,750,640 | ||||
Chemicals – 3.4% | ||||||
107,000 | Corteva Inc | 4,831,050 | ||||
87,000 | Dow Inc | 5,159,970 | ||||
22,000 | Linde PLC | 5,373,940 | ||||
Total Chemicals | 15,364,960 | |||||
Construction & Engineering – 2.1% | ||||||
41,000 | Jacobs Engineering Group Inc | 4,718,280 | ||||
55,000 | Quanta Services Inc | 4,611,750 | ||||
Total Construction & Engineering | 9,330,030 | |||||
Consumer Finance – 1.0% | ||||||
111,000 | Ally Financial Inc | 4,606,500 | ||||
Containers & Packaging – 2.0% | ||||||
434,000 | Amcor PLC | 4,747,960 |
Shares | Description (1) | Value | ||||
Containers & Packaging (continued) | ||||||
78,000 | Berry Global Group Inc, (2) | $ 4,321,200 | ||||
Total Containers & Packaging | 9,069,160 | |||||
Diversified Financial Services – 0.5% | ||||||
5,000 | Berkshire Hathaway Inc, (2) | 1,202,550 | ||||
28,000 | Jefferies Financial Group Inc | 813,120 | ||||
Total Diversified Financial Services | 2,015,670 | |||||
Electrical Equipment – 3.3% | ||||||
64,000 | Emerson Electric Co | 5,497,600 | ||||
365,000 | GrafTech International Ltd | 4,317,950 | ||||
36,000 | Regal Beloit Corp | 4,920,120 | ||||
Total Electrical Equipment | 14,735,670 | |||||
Electronic Equipment, Instruments & Components – 1.2% | ||||||
112,000 | Jabil Inc | 4,835,040 | ||||
5,000 | SYNNEX Corp | 445,800 | ||||
Total Electronic Equipment, Instruments & Components | 5,280,840 | |||||
Food & Staples Retailing – 2.3% | ||||||
19,000 | Costco Wholesale Corp | 6,289,000 | ||||
31,000 | Walmart Inc | 4,027,520 | ||||
Total Food & Staples Retailing | 10,316,520 | |||||
Health Care Providers & Services – 7.4% | ||||||
45,000 | AmerisourceBergen Corp | 4,554,900 | ||||
80,000 | Cardinal Health Inc | 4,121,600 | ||||
25,000 | Cigna Corp | 5,247,500 | ||||
46,000 | DaVita Inc, (2) | 4,697,980 | ||||
14,000 | Humana Inc | 5,315,100 | ||||
6,000 | McKesson Corp | 1,017,120 | ||||
25,000 | UnitedHealth Group Inc | 8,305,500 | ||||
Total Health Care Providers & Services | 33,259,700 | |||||
Hotels, Restaurants & Leisure – 0.4% | ||||||
87,000 | International Game Technology PLC | 1,591,230 | ||||
Household Durables – 4.3% | ||||||
53,000 | Lennar Corp | 4,397,410 | ||||
80,000 | PulteGroup Inc | 3,608,800 | ||||
145,000 | Tempur Sealy International Inc | 4,844,450 | ||||
41,000 | Toll Brothers Inc | 2,190,220 | ||||
23,000 | Whirlpool Corp | 4,371,840 | ||||
Total Household Durables | 19,412,720 | |||||
Household Products – 1.6% | ||||||
37,000 | Energizer Holdings Inc | 1,546,600 |
Shares | Description (1) | Value | ||||
Household Products (continued) | ||||||
11,000 | Procter & Gamble Co | $1,358,830 | ||||
57,000 | Spectrum Brands Holdings Inc | 4,420,350 | ||||
Total Household Products | 7,325,780 | |||||
Industrial Conglomerates – 0.9% | ||||||
29,000 | Carlisle Cos Inc | 4,212,250 | ||||
Insurance – 1.1% | ||||||
86,000 | MetLife Inc | 4,953,600 | ||||
Interactive Media & Services – 5.9% | ||||||
7,000 | Alphabet Inc, (2) | 14,153,370 | ||||
47,000 | Facebook Inc, (2) | 12,108,140 | ||||
Total Interactive Media & Services | 26,261,510 | |||||
Internet & Direct Marketing Retail – 3.8% | ||||||
4,000 | Amazon.com Inc, (2) | 12,371,720 | ||||
380,000 | Qurate Retail Inc | 4,719,600 | ||||
Total Internet & Direct Marketing Retail | 17,091,320 | |||||
IT Services – 5.5% | ||||||
26,000 | Accenture PLC | 6,523,400 | ||||
59,000 | Booz Allen Hamilton Holding Corp | 4,551,260 | ||||
69,000 | Cognizant Technology Solutions Corp | 5,070,120 | ||||
5,000 | FleetCor Technologies Inc, (2) | 1,386,550 | ||||
117,000 | Genpact Ltd | 4,731,480 | ||||
25,000 | Science Applications International Corp | 2,153,250 | ||||
Total IT Services | 24,416,060 | |||||
Leisure Products – 1.2% | ||||||
5,000 | Brunswick Corp | 441,850 | ||||
40,000 | Polaris Inc | 4,710,400 | ||||
Total Leisure Products | 5,152,250 | |||||
Machinery – 4.3% | ||||||
35,000 | AGCO Corp | 4,531,800 | ||||
69,000 | Gates Industrial Corp PLC, (2) | 1,035,000 | ||||
42,000 | Oshkosh Corp | 4,452,000 | ||||
17,000 | Parker-Hannifin Corp | 4,878,320 | ||||
57,000 | Timken Co | 4,465,950 | ||||
Total Machinery | 19,363,070 | |||||
Media – 1.1% | ||||||
78,000 | AMC Networks Inc, (2) | 5,116,020 | ||||
Metals & Mining – 1.0% | ||||||
35,000 | Reliance Steel & Aluminum Co | 4,627,000 |
Shares | Description (1) | Value | ||||
Multiline Retail – 1.3% | ||||||
31,000 | Target Corp | $ 5,686,640 | ||||
Oil, Gas & Consumable Fuels – 0.2% | ||||||
83,000 | Antero Midstream Corp | 732,060 | ||||
Personal Products – 1.8% | ||||||
85,000 | Herbalife Nutrition Ltd, (2) | 3,823,300 | ||||
79,000 | Nu Skin Enterprises Inc | 4,043,220 | ||||
Total Personal Products | 7,866,520 | |||||
Pharmaceuticals – 0.2% | ||||||
7,000 | Johnson & Johnson | 1,109,220 | ||||
Professional Services – 1.0% | ||||||
47,000 | ManpowerGroup Inc | 4,438,680 | ||||
Real Estate Management & Development – 1.0% | ||||||
62,000 | CBRE Group Inc, (2) | 4,697,740 | ||||
Road & Rail – 0.2% | ||||||
3,000 | Norfolk Southern Corp | 756,180 | ||||
Semiconductors & Semiconductor Equipment – 4.0% | ||||||
51,000 | Applied Materials Inc | 6,027,690 | ||||
128,000 | Intel Corp | 7,779,840 | ||||
7,000 | Lam Research Corp | 3,970,330 | ||||
Total Semiconductors & Semiconductor Equipment | 17,777,860 | |||||
Software – 8.0% | ||||||
7,000 | Autodesk Inc, (2) | 1,932,000 | ||||
38,000 | Cadence Design Systems Inc, (2) | 5,361,420 | ||||
93,000 | Microsoft Corp | 21,611,340 | ||||
92,000 | Oracle Corp | 5,934,920 | ||||
3,000 | Synopsys Inc, (2) | 735,630 | ||||
Total Software | 35,575,310 | |||||
Specialty Retail – 6.5% | ||||||
47,000 | AutoNation Inc, (2) | 3,525,940 | ||||
41,000 | Best Buy Co Inc | 4,114,350 | ||||
63,000 | Dick's Sporting Goods Inc | 4,496,310 | ||||
27,000 | Gap Inc, (2) | 673,650 | ||||
29,000 | Home Depot Inc | 7,491,860 | ||||
38,000 | Lowe's Cos Inc | 6,098,297 | ||||
39,000 | TJX Cos Inc | 2,573,610 | ||||
Total Specialty Retail | 28,974,017 |
Shares | Description (1) | Value | ||||
Technology Hardware, Storage & Peripherals – 9.7% | ||||||
236,000 | Apple Inc | $28,617,360 | ||||
62,000 | Dell Technologies Inc, (2) | 5,026,340 | ||||
185,000 | HP Inc | 5,359,450 | ||||
125,000 | NCR Corp, (2) | 4,345,000 | ||||
Total Technology Hardware, Storage & Peripherals | 43,348,150 | |||||
Tobacco – 2.5% | ||||||
123,000 | Altria Group Inc | 5,362,800 | ||||
71,000 | Philip Morris International Inc | 5,965,420 | ||||
Total Tobacco | 11,328,220 | |||||
Wireless Telecommunication Services – 0.8% | ||||||
201,000 | Telephone and Data Systems Inc | 3,595,890 | ||||
Total Long-Term Investments (cost $338,307,539) | 446,416,407 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 0.1% | ||||||
REPURCHASE AGREEMENTS – 0.1% | ||||||
$ 214 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 2/26/21, repurchase price $213,541, collateralized by $211,200, U.S. Treasury Notes, 1.500%, due 8/15/26, value $217,814 | 0.000% | 3/01/21 | $ 213,541 | ||
Total Short-Term Investments (cost $213,541) | 213,541 | |||||
Total Investments (cost $338,521,080) – 99.9% | 446,629,948 | |||||
Other Assets Less Liabilities – 0.1% | 602,837 | |||||
Net Assets – 100% | $ 447,232,785 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 113.6% | ||||||
COMMON STOCKS – 113.6% | ||||||
Aerospace & Defense – 1.9% | ||||||
7,300 | Huntington Ingalls Industries Inc | $1,284,143 | ||||
25,000 | Textron Inc | 1,258,500 | ||||
Total Aerospace & Defense | 2,542,643 | |||||
Air Freight & Logistics – 2.2% | ||||||
6,000 | FedEx Corp | 1,527,000 | ||||
12,200 | XPO Logistics Inc, (2) | 1,422,520 | ||||
Total Air Freight & Logistics | 2,949,520 | |||||
Automobiles – 0.7% | ||||||
1,475 | Tesla Inc, (2) | 996,363 | ||||
Banks – 3.1% | ||||||
40,400 | Fifth Third Bancorp | 1,401,476 | ||||
68,000 | Regions Financial Corp | 1,402,840 | ||||
80,000 | Umpqua Holdings Corp | 1,365,600 | ||||
Total Banks | 4,169,916 | |||||
Biotechnology – 3.6% | ||||||
68,500 | Alkermes PLC, (2) | 1,304,240 | ||||
4,150 | Biogen Inc, (2) | 1,132,452 | ||||
18,000 | Gilead Sciences Inc | 1,105,200 | ||||
8,100 | United Therapeutics Corp, (2) | 1,354,158 | ||||
Total Biotechnology | 4,896,050 | |||||
Building Products – 3.0% | ||||||
39,200 | Carrier Global Corp | 1,431,976 | ||||
26,300 | Johnson Controls International plc | 1,467,277 | ||||
15,300 | Owens Corning | 1,239,606 | ||||
Total Building Products | 4,138,859 | |||||
Capital Markets – 4.0% | ||||||
4,500 | Goldman Sachs Group Inc | 1,437,660 | ||||
27,500 | Lazard Ltd | 1,063,975 | ||||
20,800 | Morgan Stanley | 1,598,896 | ||||
10,800 | Raymond James Financial Inc | 1,260,792 | ||||
Total Capital Markets | 5,361,323 | |||||
Chemicals – 3.2% | ||||||
31,000 | Corteva Inc | 1,399,650 | ||||
6,400 | Linde PLC | 1,563,328 |
Shares | Description (1) | Value | ||||
Chemicals (continued) | ||||||
42,500 | Olin Corp | $ 1,314,950 | ||||
Total Chemicals | 4,277,928 | |||||
Communications Equipment – 0.7% | ||||||
70,000 | CommScope Holding Co Inc, (2) | 1,021,300 | ||||
Construction & Engineering – 3.0% | ||||||
23,300 | AECOM, (2) | 1,348,837 | ||||
11,800 | Jacobs Engineering Group Inc | 1,357,944 | ||||
16,400 | Quanta Services Inc | 1,375,140 | ||||
Total Construction & Engineering | 4,081,921 | |||||
Construction Materials – 1.0% | ||||||
10,900 | Eagle Materials Inc | 1,366,642 | ||||
Consumer Finance – 1.7% | ||||||
30,300 | Ally Financial Inc | 1,257,450 | ||||
8,900 | Capital One Financial Corp | 1,069,691 | ||||
Total Consumer Finance | 2,327,141 | |||||
Containers & Packaging – 0.5% | ||||||
12,700 | Berry Global Group Inc, (2) | 703,580 | ||||
Diversified Financial Services – 1.0% | ||||||
46,500 | Jefferies Financial Group Inc | 1,350,360 | ||||
Electrical Equipment – 2.0% | ||||||
7,500 | Hubbell Inc | 1,331,325 | ||||
9,900 | Regal Beloit Corp | 1,353,033 | ||||
Total Electrical Equipment | 2,684,358 | |||||
Electronic Equipment, Instruments & Components – 3.3% | ||||||
8,200 | Arrow Electronics Inc, (2) | 822,132 | ||||
32,600 | Avnet Inc | 1,241,082 | ||||
14,500 | Dolby Laboratories Inc | 1,415,635 | ||||
22,000 | Jabil Inc | 949,740 | ||||
Total Electronic Equipment, Instruments & Components | 4,428,589 | |||||
Equity Real Estate Investment Trust – 2.8% | ||||||
9,700 | Extra Space Storage Inc | 1,219,290 | ||||
12,500 | Simon Property Group Inc | 1,411,500 | ||||
35,000 | Weyerhaeuser Co | 1,185,450 | ||||
Total Equity Real Estate Investment Trust | 3,816,240 | |||||
Food & Staples Retailing – 2.5% | ||||||
5,150 | Costco Wholesale Corp | 1,704,650 | ||||
12,700 | Walmart Inc | 1,649,984 | ||||
Total Food & Staples Retailing | 3,354,634 |
Shares | Description (1) | Value | ||||
Food Products – 0.9% | ||||||
56,000 | Pilgrim's Pride Corp, (2) | $ 1,253,840 | ||||
Health Care Equipment & Supplies – 0.8% | ||||||
4,800 | Danaher Corp | 1,054,416 | ||||
Health Care Providers & Services – 6.9% | ||||||
12,000 | AmerisourceBergen Corp | 1,214,640 | ||||
2,900 | Anthem Inc | 892,429 | ||||
2,700 | Chemed Corp | 1,202,067 | ||||
3,550 | Humana Inc | 1,347,758 | ||||
7,400 | McKesson Corp | 1,254,448 | ||||
5,650 | Molina Healthcare Inc, (2) | 1,224,694 | ||||
6,700 | UnitedHealth Group Inc | 2,225,874 | ||||
Total Health Care Providers & Services | 9,361,910 | |||||
Hotels, Restaurants & Leisure – 1.7% | ||||||
50,500 | International Game Technology PLC | 923,645 | ||||
23,400 | Travel + Leisure Co | 1,414,062 | ||||
Total Hotels, Restaurants & Leisure | 2,337,707 | |||||
Household Durables – 5.3% | ||||||
12,700 | DR Horton Inc | 976,249 | ||||
7,700 | Mohawk Industries Inc, (2) | 1,347,423 | ||||
58,000 | Newell Brands Inc | 1,343,860 | ||||
16,000 | PulteGroup Inc | 721,760 | ||||
41,000 | Tempur Sealy International Inc | 1,369,810 | ||||
7,200 | Whirlpool Corp | 1,368,576 | ||||
Total Household Durables | 7,127,678 | |||||
Household Products – 1.9% | ||||||
29,200 | Energizer Holdings Inc | 1,220,560 | ||||
16,700 | Spectrum Brands Holdings Inc | 1,295,085 | ||||
Total Household Products | 2,515,645 | |||||
Insurance – 1.0% | ||||||
24,300 | MetLife Inc | 1,399,680 | ||||
Interactive Media & Services – 4.8% | ||||||
1,685 | Alphabet Inc, (2) | 3,406,918 | ||||
7,900 | Facebook Inc, (2) | 2,035,198 | ||||
7,000 | Zillow Group Inc, (2) | 1,129,310 | ||||
Total Interactive Media & Services | 6,571,426 | |||||
Internet & Direct Marketing Retail – 2.7% | ||||||
870 | Amazon.com Inc, (2) | 2,690,849 | ||||
77,000 | Qurate Retail Inc | 956,340 | ||||
Total Internet & Direct Marketing Retail | 3,647,189 |
Shares | Description (1) | Value | ||||
IT Services – 5.7% | ||||||
6,700 | Accenture PLC | $1,681,030 | ||||
16,500 | Booz Allen Hamilton Holding Corp | 1,272,810 | ||||
19,700 | Cognizant Technology Solutions Corp | 1,447,556 | ||||
7,800 | Gartner Inc, (2) | 1,396,512 | ||||
30,500 | Genpact Ltd | 1,233,420 | ||||
8,000 | Science Applications International Corp | 689,040 | ||||
Total IT Services | 7,720,368 | |||||
Leisure Products – 1.0% | ||||||
11,200 | Polaris Inc | 1,318,912 | ||||
Life Sciences Tools & Services – 1.0% | ||||||
47,000 | Avantor Inc, (2) | 1,309,890 | ||||
Machinery – 4.0% | ||||||
10,600 | AGCO Corp | 1,372,488 | ||||
6,000 | Cummins Inc | 1,519,200 | ||||
29,000 | Gates Industrial Corp PLC, (2) | 435,000 | ||||
12,700 | Oshkosh Corp | 1,346,200 | ||||
9,300 | Timken Co | 728,655 | ||||
Total Machinery | 5,401,543 | |||||
Media – 1.0% | ||||||
59,000 | News Corp | 1,383,550 | ||||
Metals & Mining – 1.9% | ||||||
20,600 | Nucor Corp | 1,232,292 | ||||
9,700 | Reliance Steel & Aluminum Co | 1,282,340 | ||||
Total Metals & Mining | 2,514,632 | |||||
Multiline Retail – 1.2% | ||||||
8,700 | Target Corp | 1,595,928 | ||||
Oil, Gas & Consumable Fuels – 0.7% | ||||||
32,300 | Targa Resources Corp | 999,039 | ||||
Personal Products – 1.7% | ||||||
22,700 | Herbalife Nutrition Ltd, (2) | 1,021,046 | ||||
25,000 | Nu Skin Enterprises Inc | 1,279,500 | ||||
Total Personal Products | 2,300,546 | |||||
Professional Services – 1.9% | ||||||
14,600 | ManpowerGroup Inc | 1,378,824 | ||||
16,300 | Robert Half International Inc | 1,267,977 | ||||
Total Professional Services | 2,646,801 | |||||
Real Estate Management & Development – 0.8% | ||||||
15,000 | CBRE Group Inc, (2) | 1,136,550 |
Shares | Description (1) | Value | ||||
Road & Rail – 1.0% | ||||||
6,700 | Kansas City Southern | $ 1,422,678 | ||||
Semiconductors & Semiconductor Equipment – 4.6% | ||||||
14,500 | Applied Materials Inc | 1,713,755 | ||||
32,600 | Intel Corp | 1,981,428 | ||||
2,100 | Lam Research Corp | 1,191,099 | ||||
7,800 | MKS Instruments Inc | 1,286,220 | ||||
Total Semiconductors & Semiconductor Equipment | 6,172,502 | |||||
Software – 10.4% | ||||||
10,800 | Cadence Design Systems Inc, (2) | 1,523,772 | ||||
62,000 | Dropbox Inc, (2) | 1,397,790 | ||||
61,000 | FireEye Inc, (2) | 1,178,520 | ||||
2,800 | HubSpot Inc, (2) | 1,442,000 | ||||
3,800 | Intuit Inc | 1,482,532 | ||||
21,300 | Microsoft Corp | 4,949,694 | ||||
18,000 | Nuance Communications Inc, (2) | 802,800 | ||||
3,400 | Zoom Video Communications Inc, (2) | 1,270,274 | ||||
Total Software | 14,047,382 | |||||
Specialty Retail – 4.1% | ||||||
10,500 | AutoNation Inc, (2) | 787,710 | ||||
11,800 | Best Buy Co Inc | 1,184,130 | ||||
16,600 | Dick's Sporting Goods Inc | 1,184,742 | ||||
21,000 | Foot Locker Inc | 1,009,890 | ||||
53,600 | Gap Inc, (2) | 1,337,320 | ||||
Total Specialty Retail | 5,503,792 | |||||
Technology Hardware, Storage & Peripherals – 5.4% | ||||||
44,900 | Apple Inc | 5,444,574 | ||||
14,500 | Dell Technologies Inc, (2) | 1,175,515 | ||||
20,500 | NCR Corp, (2) | 712,580 | ||||
Total Technology Hardware, Storage & Peripherals | 7,332,669 | |||||
Textiles, Apparel & Luxury Goods – 1.0% | ||||||
29,600 | Capri Holdings Ltd, (2) | 1,381,432 | ||||
Total Long-Term Investments (cost $118,163,584) | 153,925,072 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 13.5% | ||||||
REPURCHASE AGREEMENTS – 13.5% | ||||||
$ 18,246 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 2/26/21, repurchase price $18,246,438, collateralized by $18,046,300, U.S. Treasury Notes, 1.500%, due 8/15/26, value $18,611,416 | 0.000% | 3/01/21 | $ 18,246,438 | ||
Total Short-Term Investments (cost $18,246,438) | 18,246,438 | |||||
Total Investments (cost $136,410,022) – 127.1% | 172,171,510 |
Shares | Description (1) | Value | ||||
COMMON STOCKS SOLD SHORT – (43.6)% (3) | ||||||
Aerospace & Defense – (1.8)% | ||||||
(3,000) | Axon Enterprise Inc, (2) | $(496,470) | ||||
(9,500) | BWX Technologies Inc | (551,095) | ||||
(9,800) | Mercury Systems Inc, (2) | (640,528) | ||||
(6,000) | Raytheon Technologies Corp | (431,940) | ||||
(9,000) | Spirit AeroSystems Holdings Inc | (385,470) | ||||
Total Aerospace & Defense | (2,505,503) | |||||
Airlines – (0.3)% | ||||||
(20,000) | American Airlines Group Inc, (2) | (418,800) | ||||
Banks – (0.4)% | ||||||
(6,200) | Bank of Hawaii Corp | (542,500) | ||||
Beverages – (0.9)% | ||||||
(600) | Boston Beer Co, Inc, (2) | (617,226) | ||||
(8,600) | Brown-Forman Corp | (615,588) | ||||
Total Beverages | (1,232,814) | |||||
Biotechnology – (2.6)% | ||||||
(13,000) | ACADIA Pharmaceuticals Inc, (2) | (636,610) | ||||
(4,600) | Acceleron Pharma Inc, (2) | (626,336) | ||||
(3,700) | Alnylam Pharmaceuticals Inc, (2) | (547,970) | ||||
(7,900) | Incyte Corp, (2) | (621,414) | ||||
(14,000) | Iovance Biotherapeutics Inc, (2) | (522,200) | ||||
(5,500) | Neurocrine Biosciences Inc, (2) | (602,305) | ||||
Total Biotechnology | (3,556,835) | |||||
Building Products – (0.9)% | ||||||
(14,000) | AZEK Co Inc, (2) | (617,540) | ||||
(6,800) | Trex Co Inc, (2) | (623,152) | ||||
Total Building Products | (1,240,692) |
Shares | Description (1) | Value | ||||
Capital Markets – (1.4)% | ||||||
(13,500) | Apollo Global Management Inc | $(667,710) | ||||
(19,000) | Carlyle Group Inc | (650,750) | ||||
(2,950) | CME Group Inc | (589,115) | ||||
Total Capital Markets | (1,907,575) | |||||
Chemicals – (0.4)% | ||||||
(2,100) | Air Products and Chemicals Inc | (536,802) | ||||
Consumer Finance – (1.0)% | ||||||
(3,200) | American Express Co | (432,832) | ||||
(1,300) | Credit Acceptance Corp, (2) | (471,926) | ||||
(1,800) | LendingTree Inc, (2) | (483,966) | ||||
Total Consumer Finance | (1,388,724) | |||||
Diversified Consumer Services – (0.8)% | ||||||
(3,400) | Bright Horizons Family Solutions Inc, (2) | (542,844) | ||||
(5,400) | Chegg Inc, (2) | (521,262) | ||||
Total Diversified Consumer Services | (1,064,106) | |||||
Electric Utilities – (1.3)% | ||||||
(7,900) | Eversource Energy | (627,892) | ||||
(19,100) | FirstEnergy Corp | (632,974) | ||||
(7,700) | Xcel Energy Inc | (451,143) | ||||
Total Electric Utilities | (1,712,009) | |||||
Electronic Equipment, Instruments & Components – (0.5)% | ||||||
(14,000) | National Instruments Corp | (621,600) | ||||
Entertainment – (0.8)% | ||||||
(14,000) | Liberty Media Corp-Liberty Formula One, (2) | (614,600) | ||||
(2,100) | Madison Square Garden Sports Corp, (2) | (403,935) | ||||
Total Entertainment | (1,018,535) | |||||
Equity Real Estate Investment Trust – (2.1)% | ||||||
(3,800) | Alexandria Real Estate Equities Inc | (606,822) | ||||
(17,000) | Americold Realty Trust | (595,680) | ||||
(3,200) | Crown Castle International Corp | (498,400) | ||||
(9,600) | CyrusOne Inc | (630,048) | ||||
(3,400) | Digital Realty Trust Inc | (458,082) | ||||
Total Equity Real Estate Investment Trust | (2,789,032) | |||||
Food & Staples Retailing – (0.4)% | ||||||
(15,300) | US Foods Holding Corp, (2) | (557,838) |
Shares | Description (1) | Value | ||||
Food Products – (1.3)% | ||||||
(3,600) | Beyond Meat Inc, (2) | $(523,728) | ||||
(13,800) | Hormel Foods Corp | (639,906) | ||||
(7,700) | McCormick & Co Inc | (648,956) | ||||
Total Food Products | (1,812,590) | |||||
Gas Utilities – (0.4)% | ||||||
(5,800) | Atmos Energy Corp | (490,738) | ||||
Health Care Equipment & Supplies – (3.1)% | ||||||
(6,700) | Edwards Lifesciences Corp, (2) | (556,770) | ||||
(2,700) | Masimo Corp, (2) | (676,971) | ||||
(3,600) | Novocure Ltd, (2) | (536,760) | ||||
(1,400) | Penumbra Inc, (2) | (398,202) | ||||
(6,700) | Tandem Diabetes Care Inc, (2) | (643,133) | ||||
(1,700) | Teleflex Inc | (676,804) | ||||
(3,900) | Varian Medical Systems Inc, (2) | (683,553) | ||||
Total Health Care Equipment & Supplies | (4,172,193) | |||||
Health Care Providers & Services – (1.3)% | ||||||
(3,900) | Guardant Health Inc, (2) | (574,002) | ||||
(10,000) | Oak Street Health Inc, (2) | (530,300) | ||||
(20,000) | Premier Inc | (676,400) | ||||
Total Health Care Providers & Services | (1,780,702) | |||||
Health Care Technology – (0.5)% | ||||||
(30,000) | Change Healthcare Inc, (2) | (686,100) | ||||
Hotels, Restaurants & Leisure – (1.9)% | ||||||
(3,900) | Choice Hotels International Inc | (408,993) | ||||
(5,800) | Las Vegas Sands Corp | (363,080) | ||||
(6,800) | Planet Fitness Inc, (2) | (585,412) | ||||
(2,000) | Vail Resorts Inc | (618,360) | ||||
(10,300) | Yum China Holdings Inc | (616,352) | ||||
Total Hotels, Restaurants & Leisure | (2,592,197) | |||||
Industrial Conglomerates – (0.4)% | ||||||
(1,300) | Roper Technologies Inc | (490,906) | ||||
Insurance – (1.5)% | ||||||
(1,900) | Aon PLC | (432,649) | ||||
(45,000) | GoHealth Inc, (2) | (610,650) | ||||
(4,800) | Lemonade Inc, (2) | (603,792) | ||||
(1,600) | Willis Towers Watson PLC | (353,024) | ||||
Total Insurance | (2,000,115) | |||||
Internet Software & Services – (0.5)% | ||||||
(6,500) | Alteryx, Inc, (2) | (621,400) |
Shares | Description (1) | Value | ||||
IT Services – (2.0)% | ||||||
(6,500) | Akamai Technologies Inc, (2) | $(614,250) | ||||
(8,600) | Fastly Inc, (2) | (632,788) | ||||
(1,900) | Global Payments Inc | (376,181) | ||||
(2,100) | Okta Inc, (2) | (549,045) | ||||
(33,000) | Switch Inc | (572,220) | ||||
Total IT Services | (2,744,484) | |||||
Leisure Products – (0.4)% | ||||||
(6,200) | Hasbro Inc | (581,002) | ||||
Life Sciences Tools & Services – (1.6)% | ||||||
(10,300) | Adaptive Biotechnologies Corp, (2) | (582,671) | ||||
(9,700) | Berkeley Lights Inc, (2) | (601,109) | ||||
(800) | Illumina Inc, (2) | (351,528) | ||||
(3,000) | Repligen Corp, (2) | (637,170) | ||||
Total Life Sciences Tools & Services | (2,172,478) | |||||
Marine – (0.4)% | ||||||
(8,500) | Kirby Corp, (2) | (533,505) | ||||
Media – (0.8)% | ||||||
(325) | Cable One Inc | (622,326) | ||||
(3,150) | Liberty Broadband Corp, (2) | (470,957) | ||||
Total Media | (1,093,283) | |||||
Multi-Utilities – (0.9)% | ||||||
(10,000) | Consolidated Edison Inc | (656,500) | ||||
(5,400) | Sempra Energy | (626,292) | ||||
Total Multi-Utilities | (1,282,792) | |||||
Oil, Gas & Consumable Fuels – (1.6)% | ||||||
(29,600) | Cabot Oil & Gas Corp | (547,896) | ||||
(8,700) | Hess Corp | (570,111) | ||||
(12,500) | ONEOK Inc | (553,625) | ||||
(5,500) | Phillips 66 | (456,775) | ||||
Total Oil, Gas & Consumable Fuels | (2,128,407) | |||||
Personal Products – (0.3)% | ||||||
(55,000) | Coty Inc, (2) | (421,850) | ||||
Pharmaceuticals – (1.4)% | ||||||
(17,000) | Elanco Animal Health Inc, (2) | (558,620) | ||||
(5,300) | Reata Pharmaceuticals Inc, (2) | (647,978) | ||||
(14,400) | Royalty Pharma PLC | (670,608) | ||||
Total Pharmaceuticals | (1,877,206) | |||||
Professional Services – (0.4)% | ||||||
(27,000) | Dun & Bradstreet Holdings Inc, (2) | (590,220) |
Shares | Description (1) | Value | ||||
Road & Rail – (0.3)% | ||||||
(6,600) | Lyft Inc, (2) | $ (367,620) | ||||
Semiconductors & Semiconductor Equipment – (0.3)% | ||||||
(4,700) | Advanced Micro Devices Inc, (2) | (397,197) | ||||
Software – (4.4)% | ||||||
(6,800) | Ceridian HCM Holding Inc, (2) | (609,688) | ||||
(13,700) | Duck Creek Technologies Inc, (2) | (648,010) | ||||
(2,800) | Everbridge Inc, (2) | (429,044) | ||||
(16,800) | Jamf Holding Corp, (2) | (628,320) | ||||
(15,500) | Medallia Inc, (2) | (625,735) | ||||
(4,100) | Pegasystems Inc | (542,635) | ||||
(31,500) | Pluralsight Inc, (2) | (648,585) | ||||
(15,600) | Slack Technologies Inc, (2) | (638,508) | ||||
(42,000) | SolarWinds Corp, (2) | (679,980) | ||||
(3,600) | Splunk Inc, (2) | (514,836) | ||||
Total Software | (5,965,341) | |||||
Specialty Retail – (0.4)% | ||||||
(11,500) | Vroom Inc, (2) | (508,875) | ||||
Textiles, Apparel & Luxury Goods – (0.9)% | ||||||
(1,800) | Lululemon Athletica Inc, (2) | (561,024) | ||||
(18,000) | Skechers USA Inc, (2) | (658,800) | ||||
Total Textiles, Apparel & Luxury Goods | (1,219,824) | |||||
Thrifts & Mortgage Finance – (0.3)% | ||||||
(20,000) | Rocket Cos Inc, (2) | (437,000) | ||||
Trading Companies & Distributors – (0.3)% | ||||||
(9,800) | Air Lease Corp | (449,428) | ||||
Water Utilities – (0.4)% | ||||||
(14,100) | Essential Utilities Inc | (593,046) | ||||
Total Common Stocks Sold Short (proceeds $55,049,131) | (59,103,864) | |||||
Other Assets Less Liabilities – 16.5% | 22,387,867 | |||||
Net Assets – 100% | $ 135,455,513 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(3) | The Fund may pledge up to 100% of its eligible long-term investments in the Portfolio of Investments as collateral for Common Stocks Sold Short. As of the end of the reporting period, long-term investments with a value of $101,437,937 have been pledged as collateral for Common Stocks Sold Short. |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 96.9% | ||||||
COMMON STOCKS – 96.9% | ||||||
Air Freight & Logistics – 1.0% | ||||||
2,000 | CH Robinson Worldwide Inc | $181,700 | ||||
5,600 | XPO Logistics Inc, (2) | 652,960 | ||||
Total Air Freight & Logistics | 834,660 | |||||
Banks – 0.9% | ||||||
43,900 | Umpqua Holdings Corp | 749,373 | ||||
Biotechnology – 1.9% | ||||||
35,400 | Alkermes PLC, (2) | 674,016 | ||||
4,900 | United Therapeutics Corp, (2) | 819,182 | ||||
Total Biotechnology | 1,493,198 | |||||
Building Products – 4.4% | ||||||
7,900 | A O Smith Corp | 469,023 | ||||
20,700 | Carrier Global Corp | 756,171 | ||||
8,900 | Fortune Brands Home & Security Inc | 739,946 | ||||
9,300 | Owens Corning | 753,486 | ||||
5,100 | Trane Technologies PLC | 781,524 | ||||
Total Building Products | 3,500,150 | |||||
Capital Markets – 1.5% | ||||||
7,000 | Evercore Inc | 838,390 | ||||
13,200 | Virtu Financial Inc | 359,964 | ||||
Total Capital Markets | 1,198,354 | |||||
Chemicals – 2.9% | ||||||
16,900 | Corteva Inc | 763,035 | ||||
12,900 | Dow Inc | 765,099 | ||||
24,000 | Olin Corp | 742,560 | ||||
Total Chemicals | 2,270,694 | |||||
Communications Equipment – 0.9% | ||||||
8,400 | Lumentum Holdings Inc, (2) | 756,000 | ||||
Construction & Engineering – 3.3% | ||||||
13,200 | AECOM, (2) | 764,148 | ||||
5,000 | Arcosa Inc | 283,650 | ||||
6,800 | Jacobs Engineering Group Inc | 782,544 | ||||
9,800 | Quanta Services Inc | 821,730 | ||||
Total Construction & Engineering | 2,652,072 |
Shares | Description (1) | Value | ||||
Containers & Packaging – 3.7% | ||||||
6,000 | Berry Global Group Inc, (2) | $332,400 | ||||
49,500 | Graphic Packaging Holding Co | 785,565 | ||||
5,600 | Packaging Corp of America | 739,312 | ||||
7,500 | Sealed Air Corp | 314,250 | ||||
17,700 | Westrock Co | 771,543 | ||||
Total Containers & Packaging | 2,943,070 | |||||
Distributors – 1.0% | ||||||
7,500 | Genuine Parts Co | 790,125 | ||||
Diversified Consumer Services – 1.3% | ||||||
500 | Graham Holdings Co | 300,415 | ||||
40,000 | H&R Block Inc | 769,200 | ||||
Total Diversified Consumer Services | 1,069,615 | |||||
Diversified Financial Services – 1.0% | ||||||
27,500 | Jefferies Financial Group Inc | 798,600 | ||||
Diversified Telecommunication Services – 1.0% | ||||||
65,700 | Lumen Technologies Inc | 807,453 | ||||
Electrical Equipment – 1.9% | ||||||
62,300 | GrafTech International Ltd | 737,009 | ||||
5,600 | Regal Beloit Corp | 765,352 | ||||
Total Electrical Equipment | 1,502,361 | |||||
Electronic Equipment, Instruments & Components – 5.9% | ||||||
8,000 | Arrow Electronics Inc, (2) | 802,080 | ||||
21,100 | Avnet Inc | 803,277 | ||||
15,800 | Corning Inc | 604,192 | ||||
8,700 | Dolby Laboratories Inc | 849,381 | ||||
18,000 | Jabil Inc | 777,060 | ||||
9,300 | SYNNEX Corp | 829,188 | ||||
Total Electronic Equipment, Instruments & Components | 4,665,178 | |||||
Entertainment – 1.1% | ||||||
17,400 | World Wrestling Entertainment Inc | 859,560 | ||||
Equity Real Estate Investment Trust – 3.1% | ||||||
168,100 | Apartment Investment and Management Co | 800,156 | ||||
24,600 | Iron Mountain Inc | 855,834 | ||||
23,000 | Weyerhaeuser Co | 779,010 | ||||
Total Equity Real Estate Investment Trust | 2,435,000 | |||||
Food & Staples Retailing – 1.9% | ||||||
2,200 | Costco Wholesale Corp | 728,200 |
Shares | Description (1) | Value | ||||
Food & Staples Retailing (continued) | ||||||
16,200 | Walgreens Boots Alliance Inc | $ 776,466 | ||||
Total Food & Staples Retailing | 1,504,666 | |||||
Health Care Providers & Services – 6.8% | ||||||
2,700 | Amedisys Inc, (2) | 684,828 | ||||
8,000 | AmerisourceBergen Corp | 809,760 | ||||
15,300 | Cardinal Health Inc | 788,256 | ||||
7,200 | DaVita Inc, (2) | 735,336 | ||||
1,000 | HCA Inc | 172,030 | ||||
2,000 | Humana Inc | 759,300 | ||||
4,500 | McKesson Corp | 762,840 | ||||
5,700 | Universal Health Services Inc, (2) | 714,381 | ||||
Total Health Care Providers & Services | 5,426,731 | |||||
Hotels, Restaurants & Leisure – 2.0% | ||||||
43,600 | International Game Technology PLC | 797,444 | ||||
13,400 | Travel + Leisure Co | 809,762 | ||||
Total Hotels, Restaurants & Leisure | 1,607,206 | |||||
Household Durables – 4.0% | ||||||
33,700 | Newell Brands Inc | 780,829 | ||||
16,700 | PulteGroup Inc | 753,337 | ||||
25,100 | Tempur Sealy International Inc | 838,591 | ||||
4,100 | Whirlpool Corp | 779,328 | ||||
Total Household Durables | 3,152,085 | |||||
Household Products – 1.9% | ||||||
18,500 | Energizer Holdings Inc | 773,300 | ||||
10,000 | Spectrum Brands Holdings Inc | 775,500 | ||||
Total Household Products | 1,548,800 | |||||
Industrial Conglomerates – 1.0% | ||||||
5,400 | Carlisle Cos Inc | 784,350 | ||||
Internet & Direct Marketing Retail – 1.0% | ||||||
61,800 | Qurate Retail Inc | 767,556 | ||||
IT Services – 5.9% | ||||||
3,000 | Accenture PLC | 752,700 | ||||
10,300 | Booz Allen Hamilton Holding Corp | 794,542 | ||||
10,800 | Cognizant Technology Solutions Corp | 793,584 | ||||
31,900 | DXC Technology Co | 802,068 | ||||
4,300 | Gartner Inc, (2) | 769,872 | ||||
19,200 | Genpact Ltd | 776,448 | ||||
Total IT Services | 4,689,214 |
Shares | Description (1) | Value | ||||
Leisure Products – 2.8% | ||||||
9,000 | Brunswick Corp | $795,330 | ||||
33,200 | Mattel Inc, (2) | 666,742 | ||||
6,700 | Polaris Inc | 788,992 | ||||
Total Leisure Products | 2,251,064 | |||||
Life Sciences Tools & Services – 1.0% | ||||||
28,400 | Avantor Inc, (2) | 791,508 | ||||
Machinery – 4.9% | ||||||
6,100 | AGCO Corp | 789,828 | ||||
9,100 | Crane Co | 763,126 | ||||
6,800 | Lincoln Electric Holdings Inc | 803,148 | ||||
300 | Parker-Hannifin Corp | 86,088 | ||||
10,000 | Timken Co | 783,500 | ||||
5,800 | Woodward Inc | 662,476 | ||||
Total Machinery | 3,888,166 | |||||
Media – 1.0% | ||||||
34,200 | News Corp | 801,990 | ||||
Metals & Mining – 1.0% | ||||||
5,900 | Reliance Steel & Aluminum Co | 779,980 | ||||
Multiline Retail – 1.0% | ||||||
4,200 | Target Corp | 770,448 | ||||
Oil, Gas & Consumable Fuels – 2.0% | ||||||
87,200 | Antero Midstream Corp | 769,104 | ||||
26,300 | Targa Resources Corp | 813,459 | ||||
Total Oil, Gas & Consumable Fuels | 1,582,563 | |||||
Personal Products – 1.9% | ||||||
14,800 | Herbalife Nutrition Ltd, (2) | 665,704 | ||||
15,900 | Nu Skin Enterprises Inc | 813,762 | ||||
Total Personal Products | 1,479,466 | |||||
Professional Services – 2.0% | ||||||
8,800 | ManpowerGroup Inc | 831,072 | ||||
9,500 | Robert Half International Inc | 739,005 | ||||
Total Professional Services | 1,570,077 | |||||
Real Estate Management & Development – 2.0% | ||||||
10,700 | CBRE Group Inc, (2) | 810,739 | ||||
4,700 | Jones Lang LaSalle Inc, (2) | 817,706 | ||||
Total Real Estate Management & Development | 1,628,445 | |||||
Road & Rail – 1.3% | ||||||
1,000 | Old Dominion Freight Line Inc | 214,770 |
Shares | Description (1) | Value | ||||
Road & Rail (continued) | ||||||
11,900 | Ryder System Inc | $ 806,463 | ||||
Total Road & Rail | 1,021,233 | |||||
Semiconductors & Semiconductor Equipment – 1.0% | ||||||
9,300 | Cirrus Logic Inc, (2) | 760,554 | ||||
Software – 2.9% | ||||||
34,600 | Dropbox Inc, (2) | 780,057 | ||||
41,000 | FireEye Inc, (2) | 792,120 | ||||
5,600 | PTC Inc, (2) | 766,864 | ||||
Total Software | 2,339,041 | |||||
Specialty Retail – 4.8% | ||||||
9,900 | AutoNation Inc, (2) | 742,698 | ||||
6,600 | Best Buy Co Inc | 662,310 | ||||
10,600 | Dick's Sporting Goods Inc | 756,522 | ||||
33,600 | Gap Inc, (2) | 838,320 | ||||
6,400 | Williams-Sonoma Inc | 840,256 | ||||
Total Specialty Retail | 3,840,106 | |||||
Technology Hardware, Storage & Peripherals – 2.0% | ||||||
10,300 | Dell Technologies Inc, (2) | 835,021 | ||||
21,900 | NCR Corp, (2) | 761,244 | ||||
Total Technology Hardware, Storage & Peripherals | 1,596,265 | |||||
Textiles, Apparel & Luxury Goods – 1.0% | ||||||
16,600 | Capri Holdings Ltd, (2) | 774,722 | ||||
Tobacco – 1.0% | ||||||
17,800 | Altria Group Inc | 776,080 | ||||
Trading Companies & Distributors – 1.1% | ||||||
7,800 | MSC Industrial Direct Co Inc | 671,814 | ||||
700 | Watsco Inc | 170,170 | ||||
Total Trading Companies & Distributors | 841,984 | |||||
Wireless Telecommunication Services – 0.9% | ||||||
38,400 | Telephone and Data Systems Inc | 686,976 | ||||
Total Long-Term Investments (cost $63,756,446) | 76,986,739 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 7.4% | ||||||
REPURCHASE AGREEMENTS – 7.4% | ||||||
$ 5,898 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 2/26/21, repurchase price $5,897,727, collateralized by $5,833,100, U.S. Treasury Notes, 1.500%, due 8/15/26, value $6,015,762 | 0.000% | 3/01/21 | $ 5,897,727 | ||
Total Short-Term Investments (cost $5,897,727) | 5,897,727 | |||||
Total Investments (cost $69,654,173) – 104.3% | 82,884,466 |
Shares | Description (1) | Value | ||||
COMMON STOCKS SOLD SHORT – (98.7)% (3) | ||||||
Aerospace & Defense – (3.8)% | ||||||
(4,000) | Axon Enterprise Inc, (2) | $(661,960) | ||||
(3,500) | Boeing Co, (2) | (742,035) | ||||
(11,400) | Raytheon Technologies Corp | (820,686) | ||||
(18,200) | Spirit AeroSystems Holdings Inc | (779,506) | ||||
Total Aerospace & Defense | (3,004,187) | |||||
Airlines – (2.1)% | ||||||
(39,400) | American Airlines Group Inc, (2) | (825,036) | ||||
(14,200) | Southwest Airlines Co | (825,446) | ||||
Total Airlines | (1,650,482) | |||||
Banks – (1.0)% | ||||||
(8,900) | Bank of Hawaii Corp | (778,750) | ||||
Beverages – (0.9)% | ||||||
(11,000) | Coca-Cola Co | (538,890) | ||||
(1,100) | PepsiCo Inc | (142,109) | ||||
Total Beverages | (680,999) | |||||
Biotechnology – (2.8)% | ||||||
(16,100) | ACADIA Pharmaceuticals Inc, (2) | (788,417) | ||||
(5,500) | Exact Sciences Corp, (2) | (748,660) | ||||
(4,600) | Moderna Inc, (2) | (712,126) | ||||
Total Biotechnology | (2,249,203) | |||||
Building Products – (1.9)% | ||||||
(16,900) | AZEK Co Inc, (2) | (745,459) | ||||
(8,000) | Trex Co Inc, (2) | (733,120) | ||||
Total Building Products | (1,478,579) | |||||
Capital Markets – (3.0)% | ||||||
(16,600) | Apollo Global Management Inc | (821,036) | ||||
(22,500) | Carlyle Group Inc | (770,625) | ||||
(4,000) | CME Group Inc | (798,800) | ||||
Total Capital Markets | (2,390,461) |
Shares | Description (1) | Value | ||||
Chemicals – (2.7)% | ||||||
(3,200) | Air Products and Chemicals Inc | $(817,984) | ||||
(5,000) | Albemarle Corp | (786,050) | ||||
(4,000) | International Flavors & Fragrances Inc | (542,040) | ||||
Total Chemicals | (2,146,074) | |||||
Consumer Finance – (2.8)% | ||||||
(5,900) | American Express Co | (798,034) | ||||
(2,000) | Credit Acceptance Corp, (2) | (726,040) | ||||
(2,500) | LendingTree Inc, (2) | (672,175) | ||||
Total Consumer Finance | (2,196,249) | |||||
Diversified Consumer Services – (1.8)% | ||||||
(4,800) | Bright Horizons Family Solutions Inc, (2) | (766,368) | ||||
(7,200) | Chegg Inc, (2) | (695,016) | ||||
Total Diversified Consumer Services | (1,461,384) | |||||
Electric Utilities – (5.8)% | ||||||
(16,600) | Alliant Energy Corp | (766,256) | ||||
(10,200) | American Electric Power Co Inc | (763,470) | ||||
(9,600) | Eversource Energy | (763,008) | ||||
(25,600) | FirstEnergy Corp | (848,384) | ||||
(12,800) | Southern Co | (726,016) | ||||
(12,800) | Xcel Energy Inc | (749,952) | ||||
Total Electric Utilities | (4,617,086) | |||||
Electronic Equipment, Instruments & Components – (1.0)% | ||||||
(17,200) | National Instruments Corp | (763,680) | ||||
Entertainment – (5.3)% | ||||||
(18,300) | Liberty Media Corp-Liberty Formula One, (2) | (803,370) | ||||
(9,700) | Live Nation Entertainment Inc, (2) | (861,942) | ||||
(4,100) | Madison Square Garden Sports Corp, (2) | (788,635) | ||||
(1,500) | Netflix Inc, (2) | (808,275) | ||||
(4,200) | Walt Disney Co, (2) | (793,968) | ||||
(12,600) | Zynga Inc, (2) | (140,490) | ||||
Total Entertainment | (4,196,680) | |||||
Equity Real Estate Investment Trust – (2.5)% | ||||||
(4,000) | Alexandria Real Estate Equities Inc | (638,760) | ||||
(22,900) | Americold Realty Trust | (802,416) | ||||
(3,800) | Digital Realty Trust Inc | (511,974) | ||||
Total Equity Real Estate Investment Trust | (1,953,150) | |||||
Food & Staples Retailing – (0.9)% | ||||||
(20,800) | Grocery Outlet Holding Corp, (2) | (748,592) |
Shares | Description (1) | Value | ||||
Food Products – (2.3)% | ||||||
(5,400) | Beyond Meat Inc, (2) | $(785,592) | ||||
(3,500) | Bunge Ltd | (268,030) | ||||
(16,500) | Hormel Foods Corp | (765,105) | ||||
Total Food Products | (1,818,727) | |||||
Gas Utilities – (0.9)% | ||||||
(8,500) | Atmos Energy Corp | (719,185) | ||||
Health Care Equipment & Supplies – (4.8)% | ||||||
(2,100) | Cooper Cos Inc | (810,873) | ||||
(1,100) | DexCom Inc, (2) | (437,558) | ||||
(1,000) | Insulet Corp, (2) | (259,100) | ||||
(1,000) | Masimo Corp, (2) | (250,730) | ||||
(3,000) | Novocure Ltd, (2) | (447,300) | ||||
(2,800) | Penumbra Inc, (2) | (796,404) | ||||
(2,100) | Teleflex Inc | (836,052) | ||||
Total Health Care Equipment & Supplies | (3,838,017) | |||||
Health Care Providers & Services – (1.7)% | ||||||
(4,600) | Guardant Health Inc, (2) | (677,028) | ||||
(12,600) | Oak Street Health Inc, (2) | (668,178) | ||||
Total Health Care Providers & Services | (1,345,206) | |||||
Health Care Technology – (1.0)% | ||||||
(34,600) | Change Healthcare Inc, (2) | (791,302) | ||||
Hotels, Restaurants & Leisure – (5.2)% | ||||||
(7,400) | Choice Hotels International Inc | (776,038) | ||||
(13,200) | Las Vegas Sands Corp | (826,320) | ||||
(800) | Marriott International Inc, (2) | (118,456) | ||||
(25,900) | Norwegian Cruise Line Holdings Ltd, (2) | (765,604) | ||||
(9,600) | Planet Fitness Inc, (2) | (826,464) | ||||
(7,600) | Starbucks Corp | (821,028) | ||||
Total Hotels, Restaurants & Leisure | (4,133,910) | |||||
Insurance – (2.8)% | ||||||
(3,500) | Aon PLC | (796,985) | ||||
(58,900) | GoHealth Inc, (2) | (799,273) | ||||
(5,000) | Lemonade Inc, (2) | (628,950) | ||||
Total Insurance | (2,225,208) | |||||
Interactive Media & Services – (2.1)% | ||||||
(16,300) | TripAdvisor Inc, (2) | (808,806) | ||||
(11,300) | Twitter Inc, (2) | (870,778) | ||||
Total Interactive Media & Services | (1,679,584) |
Shares | Description (1) | Value | ||||
Internet & Direct Marketing Retail – (1.0)% | ||||||
(5,100) | Expedia Group Inc | $ (821,100) | ||||
IT Services – (3.9)% | ||||||
(6,200) | Fidelity National Information Services Inc | (855,600) | ||||
(4,000) | Global Payments Inc | (791,960) | ||||
(10,600) | nCino Inc, (2) | (724,828) | ||||
(43,800) | Switch Inc | (759,492) | ||||
Total IT Services | (3,131,880) | |||||
Life Sciences Tools & Services – (1.6)% | ||||||
(9,300) | Berkeley Lights Inc, (2) | (576,321) | ||||
(1,600) | Illumina Inc, (2) | (703,056) | ||||
Total Life Sciences Tools & Services | (1,279,377) | |||||
Marine – (0.5)% | ||||||
(6,100) | Kirby Corp, (2) | (381,616) | ||||
Media – (1.3)% | ||||||
(100) | Cable One Inc | (191,485) | ||||
(5,500) | Liberty Broadband Corp, (2) | (822,305) | ||||
Total Media | (1,013,790) | |||||
Multi-Utilities – (0.9)% | ||||||
(11,400) | Consolidated Edison Inc | (748,410) | ||||
Oil, Gas & Consumable Fuels – (4.9)% | ||||||
(42,200) | Cabot Oil & Gas Corp | (781,122) | ||||
(14,300) | Exxon Mobil Corp | (777,491) | ||||
(11,800) | Hess Corp | (773,254) | ||||
(17,900) | ONEOK Inc | (792,791) | ||||
(9,700) | Phillips 66 | (805,585) | ||||
Total Oil, Gas & Consumable Fuels | (3,930,243) | |||||
Personal Products – (1.0)% | ||||||
(99,800) | Coty Inc, (2) | (765,466) | ||||
Pharmaceuticals – (5.0)% | ||||||
(6,500) | Catalent Inc, (2) | (739,115) | ||||
(26,100) | Elanco Animal Health Inc, (2) | (857,646) | ||||
(9,000) | Horizon Therapeutics Plc, (2) | (818,190) | ||||
(6,600) | Reata Pharmaceuticals Inc, (2) | (806,916) | ||||
(17,000) | Royalty Pharma PLC | (791,690) | ||||
Total Pharmaceuticals | (4,013,557) | |||||
Professional Services – (1.0)% | ||||||
(35,400) | Dun & Bradstreet Holdings Inc, (2) | (773,844) |
Shares | Description (1) | Value | ||||
Road & Rail – (1.9)% | ||||||
(13,900) | Lyft Inc, (2) | $(774,230) | ||||
(13,900) | Uber Technologies Inc, (2) | (719,325) | ||||
Total Road & Rail | (1,493,555) | |||||
Semiconductors & Semiconductor Equipment – (4.9)% | ||||||
(9,300) | Advanced Micro Devices Inc, (2) | (785,943) | ||||
(6,700) | Cree Inc, (2) | (760,182) | ||||
(17,400) | Marvell Technology Group Ltd | (840,072) | ||||
(1,400) | NVIDIA Corp | (768,012) | ||||
(2,400) | SolarEdge Technologies Inc, (2) | (715,944) | ||||
Total Semiconductors & Semiconductor Equipment | (3,870,153) | |||||
Software – (3.9)% | ||||||
(13,900) | Duck Creek Technologies Inc, (2) | (657,470) | ||||
(17,000) | Jamf Holding Corp, (2) | (635,800) | ||||
(18,600) | Medallia Inc, (2) | (750,882) | ||||
(37,900) | Pluralsight Inc, (2) | (780,361) | ||||
(1,000) | Workday Inc, (2) | (245,180) | ||||
Total Software | (3,069,693) | |||||
Specialty Retail – (2.9)% | ||||||
(3,100) | Burlington Stores Inc, (2) | (802,342) | ||||
(4,100) | Five Below Inc, (2) | (763,092) | ||||
(16,600) | Vroom Inc, (2) | (734,550) | ||||
Total Specialty Retail | (2,299,984) | |||||
Textiles, Apparel & Luxury Goods – (1.9)% | ||||||
(2,400) | Lululemon Athletica Inc, (2) | (748,032) | ||||
(22,000) | Skechers USA Inc, (2) | (805,200) | ||||
Total Textiles, Apparel & Luxury Goods | (1,553,232) | |||||
Thrifts & Mortgage Finance – (1.0)% | ||||||
(38,100) | Rocket Cos Inc, (2) | (832,485) | ||||
Water Utilities – (2.0)% | ||||||
(5,400) | American Water Works Co Inc | (766,152) | ||||
(18,800) | Essential Utilities Inc | (790,728) | ||||
Total Water Utilities | (1,556,880) | |||||
Total Common Stocks Sold Short (proceeds $71,265,420) | (78,401,960) | |||||
Other Assets Less Liabilities – 94.4% | 74,970,741 | |||||
Net Assets – 100% | $ 79,453,247 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(3) | The Fund may pledge up to 100% of its eligible long-term investments in the Portfolio of Investments as collateral for Common Stocks Sold Short. As of the end of the reporting period, long-term investments with a value of $47,573,334 have been pledged as collateral for Common Stocks Sold Short. |
Large Cap Core | Equity Long/Short | Equity Market Neutral | |
Assets | |||
Long-term investments, at value (cost $338,307,539, $118,163,584 and $63,756,446, respectively) | $446,416,407 | $153,925,072 | $ 76,986,739 |
Short-term investments, at value (cost approximates value) | 213,541 | 18,246,438 | 5,897,727 |
Cash collateral at brokers for common stocks sold short(1) | — | 21,927,607 | 74,425,626 |
Receivable for: | |||
Dividends | 638,930 | 178,157 | 99,847 |
Due from affiliate | 28,249 | 20,449 | 68,451 |
Investments sold | 9,050,735 | 5,463,595 | 4,812,129 |
Shares sold | 677,529 | 165,306 | 272,759 |
Other assets | 39,905 | 20,023 | 24,047 |
Total assets | 457,065,296 | 199,946,647 | 162,587,325 |
Liabilities | |||
Common stocks sold short, at value (proceeds $—, $55,049,131 and $71,265,420, respectively) | — | 59,103,864 | 78,401,960 |
Payable for: | |||
Dividends | 367 | — | — |
Dividends on common stocks sold short | — | 59,443 | 97,632 |
Investments purchased - regular settlement | 8,398,819 | 4,869,333 | 3,857,813 |
Shares redeemed | 837,938 | 110,507 | 394,234 |
Accrued expenses: | |||
Management fees | 204,593 | 115,880 | 51,315 |
Trustees fees | 24,784 | 6,505 | 9,108 |
12b-1 distribution and service fees | 69,414 | 13,896 | 4,248 |
Other | 296,596 | 211,706 | 317,768 |
Total liabilities | 9,832,511 | 64,491,134 | 83,134,078 |
Net assets | $447,232,785 | $135,455,513 | $ 79,453,247 |
Class A Shares | |||
Net assets | $ 91,264,202 | $ 25,545,692 | $ 9,197,673 |
Shares outstanding | 2,389,485 | 585,620 | 478,940 |
Net asset value ("NAV") per share | $ 38.19 | $ 43.62 | $ 19.20 |
Offering price per share (NAV per share plus maximum sales charge of 5.75% of offering price) | $ 40.52 | $ 46.28 | $ 20.37 |
Class C Shares | |||
Net assets | $ 64,975,356 | $ 11,544,751 | $ 3,196,011 |
Shares outstanding | 1,734,818 | 292,726 | 176,219 |
NAV and offering price per share | $ 37.45 | $ 39.44 | $ 18.14 |
Class R6 Shares | |||
Net assets | $ 2,304,947 | $ — | $ — |
Shares outstanding | 60,564 | — | — |
NAV and offering price per share | $ 38.06 | $ — | $ — |
Class I Shares | |||
Net assets | $288,688,280 | $ 98,365,070 | $ 67,059,563 |
Shares outstanding | 7,578,175 | 2,183,870 | 3,432,127 |
NAV and offering price per share | $ 38.09 | $ 45.04 | $ 19.54 |
Fund level net assets consist of: | |||
Capital paid-in | $337,129,864 | $129,918,846 | $175,980,714 |
Total distributable earnings | 110,102,921 | 5,536,667 | (96,527,467) |
Fund level net assets | $447,232,785 | $135,455,513 | $ 79,453,247 |
Authorized shares - per class | Unlimited | Unlimited | Unlimited |
Par value per share | $ 0.01 | $ 0.01 | $ 0.01 |
(1) | Cash pledged as collateral for common stocks sold short is in addition to the Fund's securities pledged as collateral as noted in the Portfolio of Investments. |
Large Cap Core | Equity Long/Short | Equity Market Neutral | |
Investment Income | |||
Dividends | $ 3,135,231 | $ 1,457,264 | $ 1,738,527 |
Securities lending income | 17,572 | — | 2,756 |
Payment from affiliate | 1,287 | 31,024 | 115,454 |
Tax withheld | (4,520) | (1,480) | (2,160) |
Total investment income | 3,149,570 | 1,486,808 | 1,854,577 |
Expenses | |||
Management fees | 1,425,453 | 929,218 | 1,060,775 |
12b-1 service fees - Class A Shares | 107,065 | 32,829 | 14,342 |
12b-1 distribution and service fees - Class C Shares | 331,129 | 58,771 | 20,088 |
Dividends expense on common stocks sold short | — | 663,065 | 1,413,310 |
Prime broker expenses | — | 333,973 | 372,894 |
Shareholder servicing agent fees | 111,943 | 35,223 | 30,096 |
Custodian fees | 33,123 | 26,279 | 31,760 |
Professional fees | 38,922 | 25,741 | 28,745 |
Trustees fees | 5,596 | 1,904 | 2,285 |
Shareholder reporting expenses | 50,721 | 38,004 | 47,812 |
Federal and state registration fees | 34,562 | 27,424 | 29,798 |
Other | 7,263 | 3,963 | 7,727 |
Total expenses before fee waiver/expense reimbursement | 2,145,777 | 2,176,394 | 3,059,632 |
Fee waiver/expense reimbursement | (95,011) | (83,302) | (92,282) |
Net expenses | 2,050,766 | 2,093,092 | 2,967,350 |
Net investment income (loss) | 1,098,804 | (606,284) | (1,112,773) |
Realized and Unrealized Gain (Loss) | |||
Net realized gain (loss) from: | |||
Investments | 52,154,507 | 41,532,846 | 35,229,773 |
Common stocks sold short | — | (21,866,222) | (44,973,363) |
Change in net unrealized appreciation (depreciation) of: | |||
Investments | (1,260,325) | (15,122,568) | (10,721,002) |
Common stocks sold short | — | 2,504,577 | (189,915) |
Net realized and unrealized gain (loss) | 50,894,182 | 7,048,633 | (20,654,507) |
Net increase (decrease) in net assets from operations | $51,992,986 | $ 6,442,349 | $(21,767,280) |
Large Cap Core | Equity Long/Short | ||||
Six Months Ended 2/28/21 | Year Ended 8/31/20 | Six Months Ended 2/28/21 | Year Ended 8/31/20 | ||
Operations | |||||
Net investment income (loss) | $ 1,098,804 | $ 5,458,063 | $ (606,284) | $ (1,732,266) | |
Net realized gain (loss) from: | |||||
Investments | 52,154,507 | 12,901,356 | 41,532,846 | 12,642,550 | |
Common stocks sold short | — | — | (21,866,222) | 2,249,852 | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments | (1,260,325) | 62,219,818 | (15,122,568) | 20,065,771 | |
Common stocks sold short | — | — | 2,504,577 | (38,379,021) | |
Net increase (decrease) in net assets from operations | 51,992,986 | 80,579,237 | 6,442,349 | (5,153,114) | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (710,454) | (749,742) | — | — | |
Class C Shares | (108,074) | (22,882) | — | — | |
Class R6 Shares | (22,570) | (1,279,868) | — | — | |
Class I Shares | (3,062,218) | (4,819,950) | — | — | |
Decrease in net assets from distributions to shareholders | (3,903,316) | (6,872,442) | — | — | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 35,036,607 | 102,308,752 | 10,555,995 | 53,133,837 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 2,896,774 | 5,635,521 | — | — | |
37,933,381 | 107,944,273 | 10,555,995 | 53,133,837 | ||
Cost of shares redeemed | (95,354,823) | (581,740,393) | (58,190,681) | (201,500,213) | |
Net increase (decrease) in net assets from Fund share transactions | (57,421,442) | (473,796,120) | (47,634,686) | (148,366,376) | |
Net increase (decrease) in net assets | (9,331,772) | (400,089,325) | (41,192,337) | (153,519,490) | |
Net assets at the beginning of period | 456,564,557 | 856,653,882 | 176,647,850 | 330,167,340 | |
Net assets at the end of period | $447,232,785 | $ 456,564,557 | $135,455,513 | $ 176,647,850 |
Equity Market Neutral | ||
Six Months Ended 2/28/21 | Year Ended 8/31/20 | |
Operations | ||
Net investment income (loss) | $ (1,112,773) | $ (1,957,870) |
Net realized gain (loss) from: | ||
Investments | 35,229,773 | (7,062,752) |
Common stocks sold short | (44,973,363) | (6,081,395) |
Change in net unrealized appreciation (depreciation) of: | ||
Investments | (10,721,002) | 25,297,398 |
Common stocks sold short | (189,915) | (57,260,850) |
Net increase (decrease) in net assets from operations | (21,767,280) | (47,065,469) |
Distributions to Shareholders | ||
Dividends: | ||
Class A Shares | — | (53,215) |
Class C Shares | — | — |
Class R6 Shares | — | — |
Class I Shares | — | (1,919,186) |
Decrease in net assets from distributions to shareholders | — | (1,972,401) |
Fund Share Transactions | ||
Proceeds from sale of shares | 14,782,998 | 131,570,430 |
Proceeds from shares issued to shareholders due to reinvestment of distributions | — | 1,598,290 |
14,782,998 | 133,168,720 | |
Cost of shares redeemed | (156,734,560) | (496,060,926) |
Net increase (decrease) in net assets from Fund share transactions | (141,951,562) | (362,892,206) |
Net increase (decrease) in net assets | (163,718,842) | (411,930,076) |
Net assets at the beginning of period | 243,172,089 | 655,102,165 |
Net assets at the end of period | $ 79,453,247 | $ 243,172,089 |
Equity Long/Short | Equity Market Neutral | |
Cash Flows from Operating Activities: | ||
Net Increase (Decrease) in Net Assets from Operations | $ 6,442,349 | $ (21,767,280) |
Adjustments to reconcile the net increase (decrease) in net assets from operations to net cash provided by (used in) operating activities: | ||
Purchases of investments | (158,698,591) | (155,812,102) |
Purchases of common stock sold short | (132,384,285) | (320,640,728) |
Proceeds from sales and maturities of investments | 245,451,520 | 303,064,571 |
Proceeds from sales of common stock sold short | 80,567,981 | 115,832,338 |
Proceeds from (purchase of) short-term investments, net | 27,873,305 | 53,237,348 |
Proceeds from litigation settlement | 348 | 1,767 |
Taxes paid | — | (1,240) |
(Increase) Decrease in: | ||
Receivable for dividends | 158,299 | 257,923 |
Receivable for due from affiliates | 52,344 | 123,293 |
Receivable for investments sold | 3,618,320 | 11,018,506 |
Other assets | 9,271 | 11,894 |
Increase (Decrease) in: | ||
Payable for dividends on common stock sold short | (26,620) | (196,160) |
Payable for investments purchased - regular settlement | (1,682,565) | (3,398,490) |
Accrued management fees | (56,532) | (183,931) |
Accrued trustees fees | 449 | 33 |
Accrued shareholder servicing agent fees | (147,896) | (261,430) |
Accrued 12b-1 distribution and service fees | (3,974) | (3,475) |
Accrued other expenses | 149,801 | 236,036 |
Net realized (gain) loss from: | ||
Investments | (41,532,846) | (35,229,773) |
Common stocks sold short | 21,866,222 | 44,973,363 |
Change in net unrealized (appreciation) depreciation of: | ||
Investments | 15,122,568 | 10,721,002 |
Common stocks sold short | (2,504,577) | 189,915 |
Net cash provided by (used in) operating activities | 64,274,891 | 2,173,380 |
Cash Flows from Financing Activities: | ||
Increase (Decrease) in cash overdraft | (2,346,698) | — |
Proceeds from sale of shares | 10,528,740 | 14,821,005 |
Cost of shares redeemed | (58,425,659) | (156,763,160) |
Net cash provided by (used in) financing activities | (50,243,617) | (141,942,155) |
Net Increase (Decrease) in Cash and Cash Collateral at Brokers | 14,031,274 | (139,768,775) |
Cash and cash collateral at brokers at the beginning of period | 7,896,333 | 214,194,401 |
Cash and cash collateral at brokers at the end of period | $ 21,927,607 | $ 74,425,626 |
Supplemental Disclosure of Cash Flow Information | Equity Long/Short | Equity Market Neutral |
Non-cash financing activities not included herein consists of reinvestments of share distributions | $ — | $ — |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended August 31 | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (06/13) | |||||||||
2021(f) | $34.33 | $ 0.08 | $ 4.08 | $ 4.16 | $(0.30) | $ — | $(0.30) | $38.19 | |
2020 | 29.83 | 0.22 | 4.52 | 4.74 | (0.24) | — | (0.24) | 34.33 | |
2019 | 34.81 | 0.25 | (4.90) | (4.65) | (0.12) | (0.21) | (0.33) | 29.83 | |
2018 | 31.25 | 0.18 | 7.24 | 7.42 | (0.19) | (3.67) | (3.86) | 34.81 | |
2017 | 27.03 | 0.18 | 4.24 | 4.42 | (0.20) | — | (0.20) | 31.25 | |
2016 | 25.64 | 0.22 | 1.71 | 1.93 | (0.15) | (0.39) | (0.54) | 27.03 | |
Class C (06/13) | |||||||||
2021(f) | 33.58 | (0.05) | 3.98 | 3.93 | (0.06) | — | (0.06) | 37.45 | |
2020 | 29.18 | (0.01) | 4.42 | 4.41 | (0.01) | — | (0.01) | 33.58 | |
2019 | 34.17 | 0.01 | (4.79) | (4.78) | — | (0.21) | (0.21) | 29.18 | |
2018 | 30.78 | (0.07) | 7.13 | 7.06 | — | (3.67) | (3.67) | 34.17 | |
2017 | 26.64 | (0.05) | 4.19 | 4.14 | —** | — | —** | 30.78 | |
2016 | 25.32 | 0.02 | 1.69 | 1.71 | — | (0.39) | (0.39) | 26.64 | |
Class R6 (06/16) | |||||||||
2021(f) | 34.27 | 0.13 | 4.07 | 4.20 | (0.41) | — | (0.41) | 38.06 | |
2020 | 29.83 | 0.33 | 4.44 | 4.77 | (0.33) | — | (0.33) | 34.27 | |
2019 | 34.80 | 0.35 | (4.90) | (4.55) | (0.21) | (0.21) | (0.42) | 29.83 | |
2018 | 31.33 | 0.28 | 7.24 | 7.52 | (0.38) | (3.67) | (4.05) | 34.80 | |
2017 | 27.08 | 0.27 | 4.26 | 4.53 | (0.28) | — | (0.28) | 31.33 | |
2016(g) | 25.46 | 0.05 | 1.57 | 1.62 | — | — | — | 27.08 | |
Class I (06/13) | |||||||||
2021(f) | 34.28 | 0.12 | 4.06 | 4.18 | (0.37) | — | (0.37) | 38.09 | |
2020 | 29.77 | 0.30 | 4.53 | 4.83 | (0.32) | — | (0.32) | 34.28 | |
2019 | 34.76 | 0.33 | (4.90) | (4.57) | (0.21) | (0.21) | (0.42) | 29.77 | |
2018 | 31.31 | 0.27 | 7.23 | 7.50 | (0.38) | (3.67) | (4.05) | 34.76 | |
2017 | 27.08 | 0.24 | 4.25 | 4.49 | (0.26) | — | (0.26) | 31.31 | |
2016 | 25.69 | 0.28 | 1.72 | 2.00 | (0.22) | (0.39) | (0.61) | 27.08 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(d) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(e) | |
12.15% | $ 91,264 | 1.02%* | 0.40%* | 0.40%* | 0.98%* | 0.44%* | 0.44%* | 75% | |
15.92 | 87,596 | 1.02 | 0.69 | 0.65 | 0.98 | 0.72 | 0.69 | 107 | |
(13.31) | 100,315 | 1.01 | 0.77 | N/A | 0.98 | 0.80 | N/A | 127 | |
25.00 | 104,779 | 1.01 | 0.53 | N/A | 1.00 | 0.55 | N/A | 117 | |
16.41 | 55,756 | 1.06 | 0.56 | N/A | 1.01 | 0.60 | N/A | 121 | |
7.66 | 47,518 | 1.11 | 0.84 | N/A | 1.11 | 0.85 | N/A | 132 | |
11.74 | 64,975 | 1.77* | (0.35)* | (0.35)* | 1.73* | (0.31)* | (0.31)* | 75 | |
15.07 | 70,365 | 1.77 | (0.07) | (0.10) | 1.73 | (0.03) | (0.06) | 107 | |
(13.98) | 96,999 | 1.76 | 0.02 | N/A | 1.73 | 0.05 | N/A | 127 | |
24.06 | 110,300 | 1.76 | (0.22) | N/A | 1.75 | (0.20) | N/A | 117 | |
15.55 | 59,610 | 1.81 | (0.21) | N/A | 1.76 | (0.16) | N/A | 121 | |
6.86 | 47,805 | 1.86 | 0.09 | N/A | 1.85 | 0.10 | N/A | 132 | |
12.34 | 2,305 | 0.72* | 0.70* | 0.70* | 0.68* | 0.74* | 0.74* | 75 | |
16.01 | 2,033 | 0.69 | 1.06 | 1.04 | 0.65 | 1.10 | 1.07 | 107 | |
(13.02) | 126,554 | 0.69 | 1.08 | N/A | 0.66 | 1.11 | N/A | 127 | |
25.36 | 139,631 | 0.71 | 0.81 | N/A | 0.70 | 0.82 | N/A | 117 | |
16.81 | 17,095 | 0.74 | 0.87 | N/A | 0.70 | 0.91 | N/A | 121 | |
6.36 | 18,489 | 0.74* | 1.05* | N/A | 0.69* | 1.10* | N/A | 132 | |
12.30 | 288,688 | 0.77* | 0.65* | 0.65* | 0.73* | 0.69* | 0.69* | 75 | |
16.23 | 296,571 | 0.77 | 0.93 | 0.90 | 0.73 | 0.97 | 0.94 | 107 | |
(13.09) | 532,786 | 0.76 | 1.02 | N/A | 0.73 | 1.05 | N/A | 127 | |
25.31 | 509,125 | 0.76 | 0.79 | N/A | 0.75 | 0.80 | N/A | 117 | |
16.68 | 256,389 | 0.81 | 0.79 | N/A | 0.76 | 0.83 | N/A | 121 | |
7.93 | 140,976 | 0.86 | 1.09 | N/A | 0.86 | 1.10 | N/A | 132 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the fiscal periods ended 2021 and 2020, the Fund received voluntary compensation from the Adviser. The Fund’s Total Return would decrease by an amount equaling 0.03%,0.03%, 0.03% and 0.03% for the fiscal period ended 2020 for Class A, C, R6 and I Shares, respectively, if such voluntary compensation were excluded. There was no change to the Fund's Total Returns for the fiscal period ended 2021. See Note 7-Management Fees and Other Transactions with Affiliates, for more information. |
(c) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(d) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(e) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(f) | For the six months ended February 28, 2021. |
(g) | For the period June 30, 2016 (commencement of operations) through August 31, 2016. |
* | Annualized. |
** | Rounds to less than $0.01 per share. |
N/A | Fund did not have Payments from Affiliates for periods prior to the fiscal year ended August 31, 2020. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended August 31 | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (12/08) | |||||||||
2021(g) | $41.40 | $(0.19) | $ 2.41 | $ 2.22 | $ — | $ — | $ — | $43.62 | |
2020 | 40.61 | (0.33) | 1.12 | 0.79 | — | — | — | 41.40 | |
2019 | 44.58 | (0.06) | (3.36) | (3.42) | — | (0.55) | (0.55) | 40.61 | |
2018 | 38.60 | (0.30) | 6.94 | 6.64 | — | (0.66) | (0.66) | 44.58 | |
2017 | 32.61 | (0.39) | 6.38 | 5.99 | — | — | — | 38.60 | |
2016 | 32.61 | (0.11) | 0.11 | — | — | — | — | 32.61 | |
Class C (12/08) | |||||||||
2021(g) | 37.57 | (0.32) | 2.19 | 1.87 | — | — | — | 39.44 | |
2020 | 37.13 | (0.57) | 1.01 | 0.44 | — | — | — | 37.57 | |
2019 | 41.11 | (0.34) | (3.09) | (3.43) | — | (0.55) | (0.55) | 37.13 | |
2018 | 35.91 | (0.56) | 6.42 | 5.86 | — | (0.66) | (0.66) | 41.11 | |
2017 | 30.57 | (0.62) | 5.96 | 5.34 | — | — | — | 35.91 | |
2016 | 30.80 | (0.33) | 0.10 | (0.23) | — | — | — | 30.57 | |
Class I (12/08) | |||||||||
2021(g) | 42.70 | (0.15) | 2.49 | 2.34 | — | — | — | 45.04 | |
2020 | 41.77 | (0.24) | 1.17 | 0.93 | — | — | — | 42.70 | |
2019 | 45.73 | 0.05 | (3.46) | (3.41) | — | (0.55) | (0.55) | 41.77 | |
2018 | 39.48 | (0.17) | 7.08 | 6.91 | — | (0.66) | (0.66) | 45.73 | |
2017 | 33.27 | (0.31) | 6.52 | 6.21 | — | — | — | 39.48 | |
2016 | 33.18 | (0.06) | 0.15 | 0.09 | — | — | — | 33.27 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement(d) | Ratios to Average Net Assets After Waiver/Reimbursement(d), (e) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(f) | |
5.39% | $ 25,546 | 3.07%* | (1.04)%* | (1.06)%* | 2.96%* | (0.93)%* | (0.95)%* | 117% | |
1.95 | 33,016 | 3.09 | (0.95) | (1.00) | 2.98 | (0.84) | (0.88) | 168 | |
(7.65) | 52,856 | 2.72 | (0.24) | N/A | 2.64 | (0.16) | N/A | 188 | |
17.35 | 55,183 | 2.73 | (0.81) | N/A | 2.63 | (0.70) | N/A | 213 | |
18.37 | 26,802 | 3.54 | (1.27) | N/A | 3.36 | (1.09) | N/A | 186 | |
0.00 | 26,012 | 3.78 | (0.53) | N/A | 3.58 | (0.33) | N/A | 224 | |
4.98 | 11,545 | 3.82* | (1.83)* | (1.85)* | 3.71* | (1.72)* | (1.74)* | 117 | |
1.19 | 12,761 | 3.84 | (1.69) | (1.74) | 3.72 | (1.58) | (1.63) | 168 | |
(8.33) | 19,961 | 3.48 | (0.99) | N/A | 3.39 | (0.91) | N/A | 188 | |
16.47 | 19,561 | 3.47 | (1.54) | N/A | 3.37 | (1.44) | N/A | 213 | |
17.47 | 8,596 | 4.28 | (2.04) | N/A | 4.10 | (1.86) | N/A | 186 | |
(0.75) | 8,236 | 4.53 | (1.29) | N/A | 4.34 | (1.09) | N/A | 224 | |
5.50 | 98,365 | 2.81* | (0.81)* | (0.83)* | 2.70* | (0.70)* | (0.72)* | 117 | |
2.23 | 130,871 | 2.85 | (0.70) | (0.75) | 2.73 | (0.59) | (0.64) | 168 | |
(7.44) | 257,351 | 2.47 | 0.03 | N/A | 2.39 | 0.12 | N/A | 188 | |
17.65 | 299,977 | 2.47 | (0.49) | N/A | 2.37 | (0.39) | N/A | 213 | |
18.67 | 70,282 | 3.26 | (1.04) | N/A | 3.08 | (0.86) | N/A | 186 | |
0.27 | 48,905 | 3.52 | (0.37) | N/A | 3.33 | (0.18) | N/A | 224 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the fiscal periods ended 2021 and 2020, the Fund received voluntary compensation from the Adviser. The Fund’s Total Return would decrease by an amount equaling 0.02%, 0.03% and 0.02% for the fiscal period ended 2021 and 0.05%, 0.05% and 0.05% for the fiscal period ended 2020 for Class A, C and I Shares, respectively, if such voluntary compensation were excluded. See Note 7-Management Fees and Other Transactions with Affiliates, for more information. |
(c) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(d) | Each ratio includes the effect of dividends expense on common stocks sold short and prime broker expenses as shown in the following table. In the event the Fund earn credits as an element of its prime broker fee agreement, and such earned credits exceed prime brokerage fees, the Fund's prime broker expense for the reporting period will be zero. See Note 3 - Portfolio Securities and Investments in Derivatives for more information. |
Ratios of Dividends Expense on Common Stocks Sold Short to Average Net Assets | Ratios of Prime Broker Expenses to Average Net Assets | ||||||
Year Ended August 31, | Class A | Class C | Class I | Class A | Class C | Class I | |
2021(g) | 0.90% | 0.90% | 0.89% | 0.45% | 0.45% | 0.45% | |
2020 | 0.84 | 0.84 | 0.84 | 0.54 | 0.53 | 0.54 | |
2019 | 1.03 | 1.03 | 1.03 | — | — | — | |
2018 | 1.01 | 1.01 | 1.00 | — | — | — | |
2017 | 1.18 | 1.17 | 1.18 | 0.56 | 0.56 | 0.54 | |
2016 | 1.19 | 1.20 | 1.20 | 0.77 | 0.77 | 0.77 |
(e) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(f) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(g) | For the six months ended February 28, 2021. |
* | Annualized. |
N/A | Fund did not have Payments from Affiliates for periods prior to the fiscal year ended August 31, 2020. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended August 31 | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (06/13) | |||||||||
2021(g) | $21.24 | $(0.17) | $(1.87) | $(2.04) | $ — | $ — | $ — | $19.20 | |
2020 | 23.55 | (0.15) | (2.13) | (2.28) | (0.03) | — | (0.03) | 21.24 | |
2019 | 24.50 | 0.04 | (0.85) | (0.81) | — | (0.14) | (0.14) | 23.55 | |
2018 | 23.31 | (0.16) | 1.85 | 1.69 | — | (0.50) | (0.50) | 24.50 | |
2017 | 21.64 | (0.33) | 2.00 | 1.67 | — | — | — | 23.31 | |
2016 | 21.39 | (0.28) | 0.90 | 0.62 | — | (0.37) | (0.37) | 21.64 | |
Class C (06/13) | |||||||||
2021(g) | 20.13 | (0.23) | (1.76) | (1.99) | — | — | — | 18.14 | |
2020 | 22.46 | (0.31) | (2.02) | (2.33) | — | — | — | 20.13 | |
2019 | 23.54 | (0.13) | (0.81) | (0.94) | — | (0.14) | (0.14) | 22.46 | |
2018 | 22.59 | (0.33) | 1.78 | 1.45 | — | (0.50) | (0.50) | 23.54 | |
2017 | 21.13 | (0.48) | 1.94 | 1.46 | — | — | — | 22.59 | |
2016 | 21.04 | (0.44) | 0.90 | 0.46 | — | (0.37) | (0.37) | 21.13 | |
Class I (06/13) | |||||||||
2021(g) | 21.58 | (0.13) | (1.91) | (2.04) | — | — | — | 19.54 | |
2020 | 23.93 | (0.10) | (2.15) | (2.25) | (0.10) | — | (0.10) | 21.58 | |
2019 | 24.83 | 0.11 | (0.87) | (0.76) | — | (0.14) | (0.14) | 23.93 | |
2018 | 23.57 | (0.10) | 1.86 | 1.76 | — | (0.50) | (0.50) | 24.83 | |
2017 | 21.82 | (0.26) | 2.01 | 1.75 | — | — | — | 23.57 | |
2016 | 21.51 | (0.23) | 0.91 | 0.68 | — | (0.37) | (0.37) | 21.82 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement(d) | Ratios to Average Net Assets After Waiver/Reimbursement(d), (e) | ||||||||
Total Return(b), (c) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Expenses | Net Investment Income (Loss) | Net Investment Income (Loss) Excluding Payment From Affiliates | Portfolio Turnover Rate(f) | |
(9.60) % | $ 9,198 | 3.88%* | (1.80)%* | (1.87)%* | 3.78%* | (1.69)%* | (1.76)%* | 137% | |
(9.67) | 14,483 | 3.03 | (0.74) | (0.81) | 2.95 | (0.66) | (0.73) | 190 | |
(3.35) | 43,489 | 2.61 | 0.11 | N/A | 2.54 | 0.18 | N/A | 205 | |
7.28 | 23,725 | 2.71 | (0.81) | N/A | 2.55 | (0.65) | N/A | 156 | |
7.72 | 6,146 | 3.32 | (1.70) | N/A | 3.05 | (1.44) | N/A | 159 | |
2.86 | 9,289 | 3.29 | (1.47) | N/A | 3.10 | (1.28) | N/A | 187 | |
(9.89) | 3,196 | 4.65* | (2.56)* | (2.63)* | 4.54* | (2.45)* | (2.52)* | 137 | |
(10.37) | 5,014 | 3.79 | (1.54) | (1.62) | 3.71 | (1.46) | (1.54) | 190 | |
(4.05) | 11,858 | 3.37 | (0.63) | N/A | 3.30 | (0.55) | N/A | 205 | |
6.44 | 5,186 | 3.46 | (1.56) | N/A | 3.30 | (1.40) | N/A | 156 | |
6.91 | 2,110 | 4.03 | (2.44) | N/A | 3.76 | (2.17) | N/A | 159 | |
2.14 | 2,109 | 4.06 | (2.23) | N/A | 3.87 | (2.04) | N/A | 187 | |
(9.45) | 67,060 | 3.57* | (1.37)* | (1.44)* | 3.46* | (1.26)* | (1.33)* | 137 | |
(9.45) | 223,676 | 2.79 | (0.50) | (0.57) | 2.71 | (0.42) | (0.49) | 190 | |
(3.11) | 599,755 | 2.37 | 0.37 | N/A | 2.30 | 0.44 | N/A | 205 | |
7.50 | 227,833 | 2.45 | (0.55) | N/A | 2.29 | (0.40) | N/A | 156 | |
8.02 | 59,022 | 3.02 | (1.43) | N/A | 2.75 | (1.16) | N/A | 159 | |
3.12 | 49,990 | 3.06 | (1.23) | N/A | 2.87 | (1.04) | N/A | 187 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | During the fiscal periods ended 2021 and 2020, the Fund received voluntary compensation from the Adviser. The Fund’s Total Return would decrease by an amount equaling 0.05%, 0.05% and 0.05% for the fiscal period ended 2021 0.09%, 0.09% and 0.08% for the fiscal period ended 2020 for Class A, C and I Shares, respectively, if such voluntary compensation were excluded. See Note 7-Management Fees and Other Transactions with Affiliates, for more information. |
(c) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(d) | Each ratio includes the effect of dividends expense on common stocks sold short and prime broker expenses as shown in the following table. In the event the Fund earn credits as an element of its prime broker fee agreement, and such earned credits exceed prime brokerage fees, the Fund's prime broker expense for the reporting period will be zero. See Note 3 - Portfolio Securities and Investments in Derivatives for more information. |
Ratios of Dividends Expense on Common Stocks Sold Short to Average Net Assets | Ratios of Prime Broker Expenses to Average Net Assets | ||||||
Year Ended August 31, | Class A | Class C | Class I | Class A | Class C | Class I | |
2021(g) | 1.71% | 1.73% | 1.66% | 0.46% | 0.46% | 0.44% | |
2020 | 1.35 | 1.35 | 1.36 | — | — | — | |
2019 | 0.93 | 0.94 | 0.94 | — | — | — | |
2018 | 0.94 | 0.94 | 0.93 | — | — | — | |
2017 | 1.40 | 1.39 | 1.39 | 0.05 | 0.01 | — | |
2016 | 1.03 | 1.04 | 1.04 | 0.46 | 0.46 | 0.46 |
(e) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Note 7 – Management Fees and Other Transactions with Affiliates for more information. |
(f) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(g) | For the six months ended February 28, 2021. |
* | Annualized. |
N/A | Fund did not have Payments from Affiliates for periods prior to the fiscal year ended August 31, 2020. |
Large Cap Core | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $446,416,407 | $ — | $ — | $446,416,407 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 213,541 | — | 213,541 |
Total | $446,416,407 | $213,541 | $ — | $446,629,948 |
Equity Long/Short | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $153,925,072 | $ — | $ — | $153,925,072 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 18,246,438 | — | 18,246,438 |
Common Stocks Sold Short* | (59,103,864) | — | — | (59,103,864) |
Total | $ 94,821,208 | $18,246,438 | $ — | $113,067,646 |
Equity Market Neutral | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Common Stocks | $ 76,986,739 | $ — | $ — | $ 76,986,739 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 5,897,727 | — | 5,897,727 |
Common Stocks Sold Short* | (78,401,960) | — | — | (78,401,960) |
Total | $ (1,415,221) | $5,897,727 | $ — | $ 4,482,506 |
* | Refer to the Fund's Portfolio of Investments for industry classifications. |
Fund | Counterparty | Short-Term Investments, at Value | Collateral Pledged (From) Counterparty |
Large Cap Core | Fixed Income Clearing Corporation | $ 213,541 | $ (217,814) |
Equity Long/Short | Fixed Income Clearing Corporation | 18,246,438 | (18,611,416) |
Equity Market Neutral | Fixed Income Clearing Corporation | 5,897,727 | (6,015,762) |
Large Cap Core | Equity Long/Short | Equity Market Neutral | |
Purchases | $329,922,489 | $291,082,876 | $476,452,830 |
Sales | 390,232,690 | 326,019,501 | 418,896,909 |
Six Months Ended 2/28/21 | Year Ended 8/31/20 | ||||
Large Cap Core | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 172,856 | $ 6,191,906 | 496,583 | $ 14,818,280 | |
Class C | 30,805 | 1,082,005 | 130,506 | 3,809,909 | |
Class R6 | 7,360 | 270,675 | 932,625 | 27,382,422 | |
Class I | 803,570 | 27,492,021 | 1,865,007 | 56,298,141 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 17,201 | 622,868 | 20,611 | 679,972 | |
Class C | 2,673 | 95,051 | 585 | 18,969 | |
Class R6 | 616 | 22,227 | 38,835 | 1,279,219 | |
Class I | 59,724 | 2,156,628 | 111,234 | 3,657,361 | |
1,094,805 | 37,933,381 | 3,595,986 | 107,944,273 | ||
Shares redeemed: | |||||
Class A | (351,867) | (12,333,189) | (1,328,993) | (39,713,251) | |
Class C | (394,406) | (13,800,710) | (1,359,084) | (39,867,047) | |
Class R6 | (6,747) | (227,073) | (5,154,693) | (161,755,513) | |
Class I | (1,937,499) | (68,993,851) | (11,218,508) | (340,404,582) | |
(2,690,519) | (95,354,823) | (19,061,278) | (581,740,393) | ||
Net increase (decrease) | (1,595,714) | $(57,421,442) | (15,465,292) | $(473,796,120) |
Six Months Ended 2/28/21 | Year Ended 8/31/20 | ||||
Equity Long/Short | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 36,156 | $ 1,500,290 | 165,945 | $ 6,683,759 | |
Class A – automatic conversion of Class C Shares | 39 | 1,609 | 132 | 4,981 | |
Class C | 7,092 | 262,109 | 30,205 | 1,106,693 | |
Class I | 208,316 | 8,791,987 | 1,112,632 | 45,338,404 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | — | — | — | — | |
Class C | — | — | — | — | |
Class I | — | — | — | — | |
251,603 | 10,555,995 | 1,308,914 | 53,133,837 | ||
Shares redeemed: | |||||
Class A | (247,980) | (9,929,189) | (670,327) | (25,610,534) | |
Class C | (53,969) | (2,006,730) | (228,053) | (8,193,885) | |
Class C – automatic conversion to Class A Shares | (43) | (1,609) | (145) | (4,981) | |
Class I | (1,089,528) | (46,253,153) | (4,208,440) | (167,690,813) | |
(1,391,520) | (58,190,681) | (5,106,965) | (201,500,213) | ||
Net increase (decrease) | (1,139,917) | $(47,634,686) | (3,798,051) | $(148,366,376) |
Six Months Ended 2/28/21 | Year Ended 8/31/20 | ||||
Equity Market Neutral | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 91,209 | $ 1,774,439 | 291,909 | $ 6,657,613 | |
Class C | 2,091 | 40,449 | 51,381 | 1,115,964 | |
Class I | 633,285 | 12,968,110 | 5,397,592 | 123,796,853 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | — | — | 2,248 | 51,645 | |
Class C | — | — | — | — | |
Class I | — | — | 66,380 | 1,546,645 | |
726,585 | 14,782,998 | 5,809,510 | 133,168,720 | ||
Shares redeemed: | |||||
Class A | (294,164) | (5,750,900) | (1,458,923) | (32,448,715) | |
Class C | (74,912) | (1,389,706) | (330,322) | (6,988,243) | |
Class I | (7,565,363) | (149,593,954) | (20,160,124) | (456,623,968) | |
(7,934,439) | (156,734,560) | (21,949,369) | (496,060,926) | ||
Net increase (decrease) | (7,207,854) | $(141,951,562) | (16,139,859) | $(362,892,206) |
Large Cap Core | Equity Long/Short | Equity Market Neutral | |
Tax cost of investments | $345,697,073 | $ 85,616,189 | $ 13,199,781 |
Gross unrealized: | |||
Appreciation | $114,296,195 | $ 39,835,422 | $ 17,280,360 |
Depreciation | (13,363,320) | (12,383,965) | (25,997,635) |
Net unrealized appreciation (depreciation) of investments | $100,932,875 | $ 27,451,457 | $ (8,717,275) |
Large Cap Core | Equity Long/Short | Equity Market Neutral | |
Undistributed net ordinary income1 | $2,785,075 | $ — | $ — |
Undistributed net long-term capital gains | — | — | — |
1 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
Large Cap Core | Equity Long/Short | Equity Market Neutral | |
Distributions from net ordinary income1 | $6,872,442 | $ — | $1,972,401 |
Distributions from net long-term capital gains | — | — | — |
1 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
Large Cap Core | Equity Long/Short | Equity Market Neutral | |
Not subject to expiration: | |||
Short-term | $42,965,024 | $40,174,391 | $64,688,809 |
Long-term | — | — | 10,776,757 |
Total | $42,965,024 | $40,174,391 | $75,465,566 |
Equity Long/Short | Equity Market Neutral | |
Post-October capital losses2 | $ — | $ — |
Late-year ordinary losses3 | 800,739 | 1,489,506 |
2 | Capital losses incurred from November 1, 2019 through August 31, 2020, the Funds' last tax year end. |
3 | Ordinary losses incurred from January 1, 2020 through August 31, 2020, and/or specified losses incurred from November 1, 2019 through August 31, 2020. |
Average Daily Net Assets | Large Cap Core | Equity Long/Short | Equity Market Neutral | ||
For the first $125 million | 0.5000% | 1.1000% | 1.1000% | ||
For the next $125 million | 0.4875 | 1.0875 | 1.0875 | ||
For the next $250 million | 0.4750 | 1.0750 | 1.0750 | ||
For the next $500 million | 0.4625 | 1.0625 | 1.0625 | ||
For the next $1 billion | 0.4500 | 1.0500 | 1.0500 | ||
For the next $3 billion | 0.4250 | 1.0250 | 1.0250 | ||
For the next $2.5 billion | 0.4000 | 1.0000 | 1.0000 | ||
For the next $2.5 billion | 0.3875 | 0.9875 | 0.9875 | ||
For net assets over $10 billion | 0.3750 | 0.9750 | 0.9750 |
Complex-Level Eligible Asset Breakpoint Level* | Effective Complex-Level Fee Rate at Breakpoint Level |
$55 billion | 0.2000% |
$56 billion | 0.1996 |
$57 billion | 0.1989 |
$60 billion | 0.1961 |
$63 billion | 0.1931 |
$66 billion | 0.1900 |
$71 billion | 0.1851 |
$76 billion | 0.1806 |
$80 billion | 0.1773 |
$91 billion | 0.1691 |
$125 billion | 0.1599 |
$200 billion | 0.1505 |
$250 billion | 0.1469 |
$300 billion | 0.1445 |
Fund | Temporary Expense Cap | Temporary Expense Cap Expiration Date | Permanent Expense Cap |
Large Cap Core | 0.77% | July 31, 2022 | N/A |
Equity Long/Short | 1.40 | July 31, 2022 | N/A |
Equity Market Neutral | 1.40 | July 31, 2022 | N/A |
Large Cap Core | Equity Long/Short | Equity Market Neutral | |
Sales charges collected | $18,324 | $181 | $613 |
Paid to financial intermediaries | 16,289 | 181 | 545 |
Large Cap Core | Equity Long/Short | Equity Market Neutral | |
Commission advances | $5,008 | $1,185 | $108 |
Large Cap Core | Equity Long/Short | Equity Market Neutral | |
12b-1 fees retained | $15,156 | $2,254 | $1,383 |
Large Cap Core | Equity Long/Short | Equity Market Neutral | |
CDSC retained | $6,411 | $64 | $13 |
Large Cap Core | |
Nuveen owned shares | —%* |
* | Rounds to less than 1%. |
Large Cap Core | |
Maximum outstanding balance | $176,771 |
Large Cap Core | |
Utilization period (days outstanding) | 4 |
Average daily balance outstanding | $176,771 |
Average annual interest rate | 1.39% |
Serving Investors for Generations
ITEM 2. | CODE OF ETHICS. |
Not applicable to this filing.
ITEM 3. | AUDIT COMMITTEE FINANCIAL EXPERT. |
Not applicable to this filing.
ITEM 4. | PRINCIPAL ACCOUNTANT FEES AND SERVICES. |
Not applicable to this filing.
ITEM 5. | AUDIT COMMITTEE OF LISTED REGISTRANTS. |
Not applicable to this registrant.
ITEM 6. | SCHEDULE OF INVESTMENTS. |
(a) | See Portfolio of Investments in Item 1. |
(b) | Not applicable. |
ITEM 7. | DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable to this registrant.
ITEM 8. | PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable to this registrant.
ITEM 9. | PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS. |
Not applicable to this registrant.
ITEM 10. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board implemented after the registrant last provided disclosure in response to this Item.
ITEM 11. | CONTROLS AND PROCEDURES. |
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
ITEM 12. | DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable.
ITEM 13. | EXHIBITS. |
File the exhibits listed below as part of this Form.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Nuveen Investment Trust II
By (Signature and Title) | /s/ Mark J. Czarniecki | |||
Mark J. Czarniecki | ||||
Vice President and Secretary |
Date: May 6, 2021
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title) | /s/ Christopher E. Stickrod | |
Christopher E. Stickrod | ||
Chief Administrative Officer | ||
(principal executive officer) |
Date: May 6, 2021
By (Signature and Title) | /s/ E. Scott Wickerham | |
E. Scott Wickerham Vice President and Controller (principal financial officer) |
Date: May 6, 2021