Mutual
Funds |
28
February 2023 | |||
Fund
Name |
Class
A |
Class
C |
Class
R6 |
Class
I | |
Nuveen
Dividend Value Fund |
FFEIX |
FFECX |
FFEFX |
FAQIX | |
Nuveen
Large Cap Select Fund |
FLRAX |
FLYCX |
— |
FLRYX | |
Nuveen
Mid Cap Growth Opportunities Fund |
FRSLX |
— |
FMEFX |
FISGX | |
Nuveen
Mid Cap Value Fund |
FASEX |
FACSX |
FMVQX |
FSEIX | |
Nuveen
Small Cap Growth Opportunities Fund |
FRMPX |
— |
FMPFX |
FIMPX | |
Nuveen
Small Cap Select Fund |
EMGRX |
— |
ASEFX |
ARSTX | |
Nuveen
Small Cap Value Fund |
FSCAX |
FSCVX |
FSCWX |
FSCCX |
The
Securities and Exchange Commission has not approved or disapproved these
securities or passed upon the adequacy of this prospectus. Any
representation to the contrary is a criminal offense. |
Prospectus |
Table
of Contents | |
Section
1 Fund
Summaries
Section
2 How
We Manage Your Money
Section
3 How You
Can Buy and Sell Shares
Section
4 General
Information
Section
5 Financial
Highlights
| |
NOT
FDIC OR GOVERNMENT INSURED MAY
LOSE VALUE NO
BANK GUARANTEE |
Class
A |
Class
C |
Class
R6 |
Class
I |
|||||||
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
|
|
|
||||||
Maximum
Deferred Sales Charge (Load) (as a percentage of the lesser of purchase price or redemption proceeds)1 |
|
|
|
|
||||||
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
|
|
|
||||||
Exchange
Fee |
|
|
|
|
||||||
Annual
Low Balance Account Fee (for accounts under $1,000)2 |
$ |
$ |
|
$ |
Class
A |
Class
C |
Class
R6 |
Class
I |
|||||||||||||||||
Management
Fees |
|
% |
|
% |
|
% |
|
% | ||||||||||||
Distribution
and/or Service (12b-1) Fees |
|
% |
|
% |
|
% |
|
% | ||||||||||||
Other
Expenses |
|
% |
|
% |
|
% |
|
% | ||||||||||||
Total
Annual Fund Operating Expenses |
|
% |
|
% |
|
% |
|
% | ||||||||||||
Fee
Waivers and/or Expense Reimbursements3 |
( |
)% |
( |
)% |
( |
)% |
( |
)% | ||||||||||||
Total
Annual Fund Operating Expenses After Fee Waivers and/or Expense
Reimbursements |
|
% |
|
% |
|
% |
|
% |
2 |
Section
1
Fund Summaries |
Class
A |
Class
C |
Class
R6 |
Class
I |
|||||||||||||||
1
Year |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
3
Years |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
5
Years |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
10
Years |
$ |
|
$ |
|
$ |
|
$ |
|
Section
1
Fund Summaries |
3 |
4 |
Section
1
Fund Summaries |
Section
1
Fund Summaries |
5 |
Class
A Annual Total Return* |
|
|
|
|
|
| |||||||||||
|
|
|
|
|
| |||||||||||
|
|
|
|
|
| |||||||||||
|
|
Inception
Date |
1
Year |
5
Years |
10
Years |
Since
Inception (Class R6) | ||||||||||
Class
A (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
A (return after taxes on distributions) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
A (return after taxes on distributions and sale of Fund shares) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
C (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
R6 (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
|
|
|
% | |
Class
I (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Russell
1000®
Value Index1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for fees, expenses or taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
% | |
Lipper
Equity Income Funds Category Average2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for taxes or sales loads) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
% | |
1 |
An
index that measures the performance of those Russell 1000®
companies with lower price-to-book ratios and lower forecasted growth
values. | |||||||||||||||
2 |
Represents
the average annualized total return for all reporting funds in the Lipper
Equity Income Funds
Category. |
6 |
Section
1
Fund Summaries |
Name |
Title |
Portfolio
Manager of Fund Since |
David
A. Chalupnik, CFA |
Senior
Managing Director |
October
2015 |
Evan
F. Staples, CFA |
Managing
Director |
March
2019 |
Class
A and Class C |
Class
R6 |
Class
I | |
Eligibility
and Minimum Initial Investment |
$3,000
for all accounts except:
• $2,500
for Traditional/
Roth IRA accounts. • $2,000
for Coverdell
Education Savings Accounts. • $250
for accounts opened through fee-based programs.
• No
minimum for retirement plans. |
Available
only to certain qualified retirement plans and other investors as
described in the prospectus and through fee-based programs.
$1
million for all accounts except:
• $100,000
for clients of financial intermediaries who charge such clients an ongoing
fee for advisory, investment, consulting or related services.
• No
minimum for certain qualified retirement plans and certain other
categories of eligible investors as described in the
prospectus. |
Available
only through fee-based programs and certain retirement plans, and to other
limited categories of investors as described in the prospectus.
$100,000
for all accounts except:
• $250
for clients of financial intermediaries and family offices that have
accounts holding Class I shares with an aggregate value of at least
$100,000 (or that are expected to reach this level).
• No
minimum for eligible retirement plans and certain other categories of
eligible investors as described in the prospectus. |
Minimum Additional Investment |
$100 |
No
minimum. |
No
minimum. |
Section
1
Fund Summaries |
7 |
Class
A |
Class
C |
Class
I |
||||||
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
|
|
|||||
Maximum
Deferred Sales Charge (Load) (as a percentage of the lesser of purchase price or redemption proceeds)1 |
|
|
|
|||||
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
|
|
|||||
Exchange
Fee |
|
|
|
|||||
Annual
Low Balance Account Fee (for accounts under $1,000)2 |
$ |
$ |
$ |
Class
A |
Class
C |
Class
I |
||||||||||||||
Management
Fees |
|
% |
|
% |
|
% | ||||||||||
Distribution
and/or Service (12b-1) Fees |
|
% |
|
% |
|
% | ||||||||||
Other
Expenses |
|
% |
|
% |
|
% | ||||||||||
Total
Annual Fund Operating Expenses |
|
% |
|
% |
|
% | ||||||||||
Fee
Waivers and/or Expense Reimbursements3 |
( |
)% |
( |
)% |
( |
)% | ||||||||||
Total
Annual Fund Operating Expenses After Fee Waivers and/or Expense
Reimbursements |
|
% |
|
% |
|
% |
8 |
Section
1
Fund Summaries |
Class
A |
Class
C |
Class
I |
|||||||||||
1
Year |
$ |
|
$ |
|
$ |
|
|||||||
3
Years |
$ |
|
$ |
|
$ |
|
|||||||
5
Years |
$ |
|
$ |
|
$ |
|
|||||||
10
Years |
$ |
|
$ |
|
$ |
|
Section
1
Fund Summaries |
9 |
10 |
Section
1
Fund Summaries |
Class
A Annual Total Return* |
Section
1
Fund Summaries |
11 |
|
|
| ||||||||
|
|
| ||||||||
|
|
| ||||||||
|
|
1
Year |
5
Years |
10
Years | ||||||
Class
A (return before taxes) |
|
( |
)% |
|
|
% |
|
|
% | |
Class
A (return after taxes on distributions) |
|
( |
)% |
|
|
% |
|
|
% | |
Class
A (return after taxes on distributions and sale of Fund shares) |
|
( |
)% |
|
|
% |
|
|
% | |
Class
C (return before taxes) |
|
( |
)% |
|
|
% |
|
|
% | |
Class
I (return before taxes) |
|
( |
)% |
|
|
% |
|
|
% | |
S&P
500®
Index1 |
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for fees, expenses or taxes) |
|
( |
)% |
|
|
% |
|
|
% | |
Lipper
Large-Cap Core Funds Category Average2 |
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for taxes or sales loads) |
|
( |
)% |
|
|
% |
|
|
% | |
1 |
An
unmanaged index generally considered representative of the U.S. stock
market. | |||||||||
2 |
Represents
the average annualized total return for all reporting funds in the Lipper
Large-Cap Core Funds
Category. |
Name |
Title |
Portfolio
Manager of Fund Since |
David
A. Chalupnik, CFA |
Senior
Managing Director |
January
2003 |
Evan
F. Staples, CFA |
Managing
Director |
April
2017 |
Class
A and Class C |
Class
I | ||
Eligibility
and Minimum Initial Investment |
$3,000
for all accounts except:
• $2,500
for Traditional/
Roth IRA accounts. • $2,000
for Coverdell
Education Savings Accounts. • $250
for accounts opened through fee-based programs.
• No
minimum for retirement plans. |
Available
only through fee-based programs and certain retirement plans, and to other
limited categories of investors as described in the prospectus.
$100,000
for all accounts except:
• $250
for clients of financial intermediaries and family offices that have
accounts holding Class I shares with an aggregate value of at least
$100,000 (or that are expected to reach this level).
• No
minimum for eligible retirement plans and certain other categories of
eligible investors as described in the prospectus. | |
Minimum
Additional Investment |
$100 |
No
minimum. |
12 |
Section
1
Fund Summaries |
Class
A |
Class
R6 |
Class
I |
||||||||
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
|
|
|||||||
Maximum
Deferred Sales Charge (Load) (as a percentage of the lesser of purchase price or redemption proceeds) |
|
|
|
|||||||
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
|
|
|||||||
Exchange
Fee |
|
|
|
|||||||
Annual
Low Balance Account Fee (for accounts under $1,000)1 |
$ |
|
$ |
Class
A |
Class
R6 |
Class
I |
|||||||||||||||||||
Management
Fees |
|
% |
|
% |
|
% | |||||||||||||||
Distribution
and/or Service (12b-1) Fees |
|
% |
|
% |
|
% | |||||||||||||||
Other
Expenses |
|
% |
|
% |
|
% | |||||||||||||||
Total
Annual Fund Operating Expenses |
|
% |
|
% |
|
% | |||||||||||||||
Fee
Waivers and/or Expense Reimbursements2 |
( |
)% |
( |
)% |
( |
)% | |||||||||||||||
Total
Annual Fund Operating Expenses After Fee Waivers and/or Expense
Reimbursements |
|
% |
|
% |
|
% |
Section
1
Fund Summaries |
13 |
Class
A |
Class
R6 |
Class
I |
||||||||||||||||
1
Year |
$ |
|
$ |
|
$ |
|
||||||||||||
3
Years |
$ |
|
$ |
|
$ |
|
||||||||||||
5
Years |
$ |
|
$ |
|
$ |
|
||||||||||||
10
Years |
$ |
|
$ |
|
$ |
|
14 |
Section
1
Fund Summaries |
Section
1
Fund Summaries |
15 |
Class
A Annual Total Return* |
16 |
Section
1
Fund Summaries |
|
|
|
|
|
| |||||||||||
|
|
|
|
|
| |||||||||||
|
|
|
|
|
| |||||||||||
|
|
Inception
Date |
1
Year |
5
Years |
10
Years |
Since
Inception (Class R6) | ||||||||||
Class
A (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
A (return after taxes on distributions) |
|
|
|
|
( |
)% |
|
( |
)% |
|
|
% |
|
|
| |
Class
A (return after taxes on distributions and sale of Fund shares) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
R6 (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
|
|
|
% | |
Class
I (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Russell
Midcap®
Growth Index1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for fees, expenses or taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
% | |
Lipper
Mid-Cap Growth Funds Category Average2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for taxes or sales loads) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
% | |
1 |
An
index that measures the performance of the mid-cap growth segment of the
U.S. equity universe. It includes those Russell Midcap®
Index companies with higher price-to-book ratios and higher forecasted
growth values. | |||||||||||||||
2 |
Represents
the average annualized total return for all reporting funds in the Lipper
Mid-Cap Growth Funds
Category. |
Name |
Title |
Portfolio
Manager of Fund Since |
Gregory
J. Ryan, CFA |
Managing
Director |
March
2019 |
Bihag
N. Patel, CFA |
Managing
Director |
February
2020 |
Class
A |
Class
R6 |
Class
I | |
Eligibility
and Minimum Initial Investment |
$3,000
for all accounts except:
• $2,500
for Traditional/
Roth IRA accounts. • $2,000
for Coverdell
Education Savings Accounts. • $250
for accounts opened through fee-based programs.
• No
minimum for retirement plans. |
Available
only to certain qualified retirement plans and other investors as
described in the prospectus and through fee-based programs.
$1
million for all accounts except:
• $100,000
for clients of financial intermediaries who charge such clients an ongoing
fee for advisory, investment, consulting or related services.
• No
minimum for certain qualified retirement plans and certain other
categories of eligible investors as described in the
prospectus. |
Available
only through fee-based programs and certain retirement plans, and to other
limited categories of investors as described in the prospectus.
$100,000
for all accounts except:
• $250
for clients of financial intermediaries and family offices that have
accounts holding Class I shares with an aggregate value of at least
$100,000 (or that are expected to reach this level).
• No
minimum for eligible retirement plans and certain other categories of
eligible investors as described in the prospectus. |
Minimum Additional Investment |
$100 |
No
minimum. |
No
minimum. |
Section
1
Fund Summaries |
17 |
18 |
Section
1
Fund Summaries |
Class
A |
Class
C |
Class
R6 |
Class
I |
|||||||
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
|
|
|
||||||
Maximum
Deferred Sales Charge (Load) (as a percentage of the lesser of purchase price or redemption proceeds)1 |
|
|
|
|
||||||
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
|
|
|
||||||
Exchange
Fee |
|
|
|
|
||||||
Annual
Low Balance Account Fee (for accounts under $1,000)2 |
$ |
$ |
|
$ |
Class
A |
Class
C |
Class
R6 |
Class
I |
||||||||||||||||||
Management
Fees |
|
% |
|
% |
|
% |
|
% | |||||||||||||
Distribution
and/or Service (12b-1) Fees |
|
% |
|
% |
|
% |
|
% | |||||||||||||
Other
Expenses |
|
% |
|
% |
|
% |
|
% | |||||||||||||
Total
Annual Fund Operating Expenses |
|
% |
|
% |
|
% |
|
% | |||||||||||||
Fee
Waivers and/or Expense Reimbursements3 |
( |
)% |
( |
)% |
( |
)% |
( |
)% | |||||||||||||
Total
Annual Fund Operating Expenses After Fee Waivers and/or Expense
Reimbursements |
|
% |
|
% |
|
% |
|
% |
Section
1
Fund Summaries |
19 |
Class
A |
Class
C |
Class
R6 |
Class
I |
|||||||||||||||
1
Year |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
3
Years |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
5
Years |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
10
Years |
$ |
|
$ |
|
$ |
|
$ |
|
20 |
Section
1
Fund Summaries |
Section
1
Fund Summaries |
21 |
Class
A Annual Total Return* |
22 |
Section
1
Fund Summaries |
|
|
|
|
|
| |||||||||||
|
|
|
|
|
| |||||||||||
|
|
|
|
|
| |||||||||||
|
|
Inception
Date |
1
Year |
5
Years |
10
Years |
Since
Inception (Class R6) | ||||||||||
Class
A (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
A (return after taxes on distributions) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
A (return after taxes on distributions and sale of Fund shares) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
C (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
R6 (return before taxes) |
|
|
|
|
( |
)% |
|
|
|
|
|
|
|
|
% | |
Class
I (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Russell
Midcap®
Value Index1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for fees, expenses or taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
% | |
Lipper
Mid-Cap Value Funds Category Average2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for taxes or sales loads) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
% | |
1 |
An
index that measures the performance of the mid-cap value segment of the
U.S. equity universe. It includes those Russell Midcap®
Index companies with lower price-to-book ratios and lower forecasted
growth values. | |||||||||||||||
2 |
Represents
the average annualized total return for all reporting funds in the Lipper
Mid-Cap Value Funds
Category. |
Name |
Title |
Portfolio
Manager of Fund Since |
Karen
L. Bowie, CFA |
Managing
Director |
April
2012 |
Class
A and Class C |
Class
R6 |
Class
I | |
Eligibility
and Minimum Initial Investment |
$3,000
for all accounts except:
• $2,500
for Traditional/
Roth IRA accounts. • $2,000
for Coverdell
Education Savings Accounts. • $250
for accounts opened through fee-based programs.
• No
minimum for retirement plans. |
Available
only to certain qualified retirement plans and other investors as
described in the prospectus and through fee-based programs.
$1
million for all accounts except:
• $100,000
for clients of financial intermediaries who charge such clients an ongoing
fee for advisory, investment, consulting or related services.
• No
minimum for certain qualified retirement plans and certain other
categories of eligible investors as described in the
prospectus. |
Available
only through fee-based programs and certain retirement plans, and to other
limited categories of investors as described in the prospectus.
$100,000
for all accounts except:
• $250
for clients of financial intermediaries and family offices that have
accounts holding Class I shares with an aggregate value of at least
$100,000 (or that are expected to reach this level).
• No
minimum for eligible retirement plans and certain other categories of
eligible investors as described in the prospectus. |
Minimum Additional Investment |
$100 |
No
minimum. |
No
minimum. |
Section
1
Fund Summaries |
23 |
24 |
Section
1
Fund Summaries |
Class
A |
Class
R6 |
Class
I |
||||||||
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
|
|
|||||||
Maximum
Deferred Sales Charge (Load) (as a percentage of the lesser of purchase price or redemption proceeds) |
|
|
|
|||||||
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
|
|
|||||||
Exchange
Fee |
|
|
|
|||||||
Annual
Low Balance Account Fee (for accounts under $1,000)1 |
$ |
|
$ |
Class
A |
Class
R6 |
Class
I |
|||||||||||||||||||
Management
Fees |
|
% |
|
% |
|
% | |||||||||||||||
Distribution
and/or Service (12b-1) Fees |
|
% |
|
% |
|
% | |||||||||||||||
Other
Expenses |
|
% |
|
% |
|
% | |||||||||||||||
Total
Annual Fund Operating Expenses |
|
% |
|
% |
|
% | |||||||||||||||
Fee
Waivers and/or Expense Reimbursements2 |
( |
)% |
( |
)% |
( |
)% | |||||||||||||||
Total
Annual Fund Operating Expenses After Fee Waivers and/or Expense
Reimbursements |
|
% |
|
% |
|
% |
Section
1
Fund Summaries |
25 |
Class
A |
Class
R6 |
Class
I |
||||||||||||||||
1
Year |
$ |
|
$ |
|
$ |
|
||||||||||||
3
Years |
$ |
|
$ |
|
$ |
|
||||||||||||
5
Years |
$ |
|
$ |
|
$ |
|
||||||||||||
10
Years |
$ |
|
$ |
|
$ |
|
26 |
Section
1
Fund Summaries |
Section
1
Fund Summaries |
27 |
Class
A Annual Total Return* |
28 |
Section
1
Fund Summaries |
|
|
|
|
|
| |||||||||||
|
|
|
|
|
| |||||||||||
|
|
|
|
|
| |||||||||||
|
|
Inception
Date |
1
Year |
5
Years |
10
Years |
Since
Inception (Class R6) | ||||||||||
Class
A (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
A (return after taxes on distributions) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
A (return after taxes on distributions and sale of Fund shares) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
R6 (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
|
|
|
% | |
Class
I (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Russell
2000®
Growth Index1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for fees, expenses or taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
% | |
Lipper
Small-Cap Growth Funds Category Average2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for taxes or sales loads) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
% | |
1 |
An
index that measures the performance of those Russell 2000®
companies with higher price-to-book ratios and higher forecasted growth
values. | |||||||||||||||
2 |
Represents
the average annualized total return for all reporting funds in the Lipper
Small-Cap Growth Funds
Category. |
Name |
Title |
Portfolio
Manager of Fund Since |
Jon
A. Loth, CFA |
Managing
Director |
October
2007 |
Class
A |
Class
R6 |
Class
I | |
Eligibility
and Minimum Initial Investment |
$3,000
for all accounts except:
• $2,500
for Traditional/
Roth IRA accounts. • $2,000
for Coverdell
Education Savings Accounts. • $250
for accounts opened through fee-based programs.
• No
minimum for retirement plans. |
Available
only to certain qualified retirement plans and other investors as
described in the prospectus and through fee-based programs.
$1
million for all accounts except:
• $100,000
for clients of financial intermediaries who charge such clients an ongoing
fee for advisory, investment, consulting or related services.
• No
minimum for certain qualified retirement plans and certain other
categories of eligible investors as described in the
prospectus. |
Available
only through fee-based programs and certain retirement plans, and to other
limited categories of investors as described in the prospectus.
$100,000
for all accounts except:
• $250
for clients of financial intermediaries and family offices that have
accounts holding Class I shares with an aggregate value of at least
$100,000 (or that are expected to reach this level).
• No
minimum for eligible retirement plans and certain other categories of
eligible investors as described in the prospectus. |
Minimum Additional Investment |
$100 |
No
minimum. |
No
minimum. |
Section
1
Fund Summaries |
29 |
30 |
Section
1
Fund Summaries |
Class
A |
Class
R6 |
Class
I |
||||||||
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
|
|
|||||||
Maximum
Deferred Sales Charge (Load) (as a percentage of the lesser of purchase price or redemption proceeds) |
|
|
|
|||||||
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
|
|
|||||||
Exchange
Fee |
|
|
|
|||||||
Annual
Low Balance Account Fee (for accounts under $1,000)1 |
$ |
|
$ |
Class
A |
Class
R6 |
Class
I |
|||||||||||||||||||
Management
Fees |
|
% |
|
% |
|
% | |||||||||||||||
Distribution
and/or Service (12b-1) Fees |
|
% |
|
% |
|
% | |||||||||||||||
Other
Expenses |
|
% |
|
% |
|
% | |||||||||||||||
Total
Annual Fund Operating Expenses |
|
% |
|
% |
|
% | |||||||||||||||
Fee
Waivers and/or Expense Reimbursements2 |
( |
)% |
( |
)% |
( |
)% | |||||||||||||||
Total
Annual Fund Operating Expenses After Fee Waivers and/or Expense
Reimbursements |
|
% |
|
% |
|
% |
Section
1
Fund Summaries |
31 |
Class
A |
Class
R6 |
Class
I |
||||||||||||||||
1
Year |
$ |
|
$ |
|
$ |
|
||||||||||||
3
Years |
$ |
|
$ |
|
$ |
|
||||||||||||
5
Years |
$ |
|
$ |
|
$ |
|
||||||||||||
10
Years |
$ |
|
$ |
|
$ |
|
32 |
Section
1
Fund Summaries |
Section
1
Fund Summaries |
33 |
Class
A Annual Total Return* |
34 |
Section
1
Fund Summaries |
|
|
|
|
|
| |||||||||||
|
|
|
|
|
| |||||||||||
|
|
|
|
|
| |||||||||||
|
|
Inception
Date |
1
Year |
5
Years |
10
Years |
Since
Inception (Class R6) | ||||||||||
Class
A (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
A (return after taxes on distributions) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
A (return after taxes on distributions and sale of Fund shares) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
R6 (return before taxes) |
|
|
|
|
( |
)% |
|
|
|
|
|
|
|
|
% | |
Class
I (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Russell
2000®
Index1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for fees, expenses or taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
% | |
Lipper
Small-Cap Core Funds Category Average2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for taxes or sales loads) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
% | |
1 |
An
index that measures the performance of the small-cap segment of the U.S.
equity universe. The Russell 2000®
is a subset of the Russell 3000®
Index representing approximately 10% of the total market capitalization of
that index. It includes approximately 2,000 of the smallest securities
based on a combination of their market cap and current index
membership. | |||||||||||||||
2 |
Represents
the average annualized total return for all reporting funds in the Lipper
Small-Cap Core Funds
Category. |
Name |
Title |
Portfolio
Manager of Fund Since |
Gregory
J. Ryan, CFA |
Managing
Director |
August
2013 |
Jon
A. Loth, CFA |
Managing
Director |
March
2019 |
Class
A |
Class
R6 |
Class
I | |
Eligibility
and Minimum Initial Investment |
$3,000
for all accounts except:
• $2,500
for Traditional/
Roth IRA accounts. • $2,000
for Coverdell
Education Savings Accounts. • $250
for accounts opened through fee-based programs.
• No
minimum for retirement plans. |
Available
only to certain qualified retirement plans and other investors as
described in the prospectus and through fee-based programs.
$1
million for all accounts except:
• $100,000
for clients of financial intermediaries who charge such clients an ongoing
fee for advisory, investment, consulting or related services.
• No
minimum for certain qualified retirement plans and certain other
categories of eligible investors as described in the
prospectus. |
Available
only through fee-based programs and certain retirement plans, and to other
limited categories of investors as described in the prospectus.
$100,000
for all accounts except:
• $250
for clients of financial intermediaries and family offices that have
accounts holding Class I shares with an aggregate value of at least
$100,000 (or that are expected to reach this level).
• No
minimum for eligible retirement plans and certain other categories of
eligible investors as described in the prospectus. |
Minimum Additional Investment |
$100 |
No
minimum. |
No
minimum. |
Section
1
Fund Summaries |
35 |
36 |
Section
1
Fund Summaries |
Class
A |
Class
C |
Class
R6 |
Class
I |
|||||||
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
|
|
|
||||||
Maximum
Deferred Sales Charge (Load) (as a percentage of the lesser of purchase price or redemption proceeds)1 |
|
|
|
|
||||||
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
|
|
|
||||||
Exchange
Fee |
|
|
|
|
||||||
Annual
Low Balance Account Fee (for accounts under $1,000)2 |
$ |
$ |
|
$ |
Class
A |
Class
C |
Class
R6 |
Class
I |
||||||||||||||||||
Management
Fees |
|
% |
|
% |
|
% |
|
% | |||||||||||||
Distribution
and/or Service (12b-1) Fees |
|
% |
|
% |
|
% |
|
% | |||||||||||||
Other
Expenses |
|
% |
|
% |
|
% |
|
% | |||||||||||||
Total
Annual Fund Operating Expenses |
|
% |
|
% |
|
% |
|
% | |||||||||||||
Fee
Waivers and/or Expense Reimbursements3 |
( |
)% |
( |
)% |
( |
)% |
( |
)% | |||||||||||||
Total
Annual Fund Operating Expenses After Fee Waivers and/or Expense
Reimbursements |
|
% |
|
% |
|
% |
|
% |
Section
1
Fund Summaries |
37 |
Class
A |
Class
C |
Class
R6 |
Class
I |
|||||||||||||||
1
Year |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
3
Years |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
5
Years |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
10
Years |
$ |
|
$ |
|
$ |
|
$ |
|
38 |
Section
1
Fund Summaries |
Section
1
Fund Summaries |
39 |
Class
A Annual Total Return* |
40 |
Section
1
Fund Summaries |
|
|
|
|
|
| |||||||||||
|
|
|
|
|
| |||||||||||
|
|
|
|
|
| |||||||||||
|
|
Inception
Date |
1
Year |
5
Years |
10
Years |
Since
Inception (Class R6) | ||||||||||
Class
A (return before taxes) |
|
|
|
|
( |
)% |
|
( |
)% |
|
|
% |
|
|
| |
Class
A (return after taxes on distributions) |
|
|
|
|
( |
)% |
|
( |
)% |
|
|
% |
|
|
| |
Class
A (return after taxes on distributions and sale of Fund shares) |
|
|
|
|
( |
)% |
|
( |
)% |
|
|
% |
|
|
| |
Class
C (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Class
R6 (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
|
|
|
% | |
Class
I (return before taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
| |
Russell
2000®
Value Index1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for fees, expenses or taxes) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
% | |
Lipper
Small-Cap Value Funds Category Average2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for taxes or sales loads) |
|
|
|
|
( |
)% |
|
|
% |
|
|
% |
|
|
% | |
1 |
An
index that measures the performance of those Russell 2000®
companies with lower price-to-book ratios and lower forecasted growth
values. | |||||||||||||||
2 |
Represents
the average annualized total return for all reporting funds in the Lipper
Small-Cap Value Funds
Category. |
Name |
Title |
Portfolio
Manager of Fund Since |
Karen
L. Bowie, CFA |
Managing
Director |
July
2005 |
David
F. Johnson, CFA |
Senior
Director and Senior Research Analyst |
April
2017 |
Class
A and Class C |
Class
R6 |
Class
I | |
Eligibility
and Minimum Initial Investment |
$3,000
for all accounts except:
• $2,500
for Traditional/
Roth IRA accounts. • $2,000
for Coverdell
Education Savings Accounts. • $250
for accounts opened through fee-based programs.
• No
minimum for retirement plans. |
Available
only to certain qualified retirement plans and other investors as
described in the prospectus and through fee-based programs.
$1
million for all accounts except:
• $100,000
for clients of financial intermediaries who charge such clients an ongoing
fee for advisory, investment, consulting or related services.
• No
minimum for certain qualified retirement plans and certain other
categories of eligible investors as described in the
prospectus. |
Available
only through fee-based programs and certain retirement plans, and to other
limited categories of investors as described in the prospectus.
$100,000
for all accounts except:
• $250
for clients of financial intermediaries and family offices that have
accounts holding Class I shares with an aggregate value of at least
$100,000 (or that are expected to reach this level).
• No
minimum for eligible retirement plans and certain other categories of
eligible investors as described in the prospectus. |
Minimum Additional Investment |
$100 |
No
minimum. |
No
minimum. |
Section
1
Fund Summaries |
41 |
42 |
Section
1
Fund Summaries |
Who Manages the Funds |
Total
Experience (since dates specified below) | |||
Name
& Title |
Experience
Over Past Five Years |
At
Nuveen Asset Management* |
Total |
|
|||
NUVEEN
DIVIDEND VALUE FUND | |||
|
|||
David
A. Chalupnik, CFA Senior Managing Director |
Nuveen
Asset Management and other advisory affiliates (equity portfolio
management) |
2002 |
1984 |
|
|||
Evan
F. Staples, CFA Managing Director |
Nuveen
Asset Management and other advisory affiliates (equity portfolio
management) |
2010 |
2005 |
Section
2
How We Manage Your Money |
43 |
Total
Experience (since dates specified below) | |||
Name
& Title |
Experience
Over Past Five Years |
At
Nuveen Asset Management* |
Total |
|
|||
NUVEEN
LARGE CAP SELECT FUND | |||
|
|||
David
A. Chalupnik, CFA Senior Managing Director |
Nuveen
Asset Management and other advisory affiliates (equity portfolio
management) |
2002 |
1984 |
|
|||
Evan
F. Staples, CFA Managing Director |
Nuveen
Asset Management and other advisory affiliates (equity portfolio
management) |
2010 |
2005 |
NUVEEN
MID CAP GROWTH OPPORTUNITIES FUND | |||
|
|||
Gregory
J. Ryan, CFA Managing Director |
Nuveen
Asset Management and other advisory affiliates (equity portfolio
management) |
2007 |
1998 |
|
|||
Bihag
N. Patel, CFA Managing Director |
Nuveen
Asset Management and other advisory affiliates (equity portfolio
management and research) |
2014 |
1998 |
NUVEEN
MID CAP VALUE FUND | |||
|
|||
Karen
L. Bowie, CFA Managing Director |
Nuveen
Asset Management and other advisory affiliates (equity portfolio
management) |
1984 |
1984 |
|
|||
NUVEEN
SMALL CAP GROWTH OPPORTUNITIES FUND | |||
|
|||
Jon
A. Loth, CFA Managing Director |
Nuveen
Asset Management and other advisory affiliates (equity portfolio
management) |
2004 |
1994 |
|
|||
NUVEEN
SMALL CAP SELECT FUND | |||
|
|||
Gregory
J. Ryan, CFA Managing Director |
Nuveen
Asset Management and other advisory affiliates (equity portfolio
management) |
2007 |
1998 |
|
|||
Jon
A. Loth, CFA Managing Director |
Nuveen
Asset Management and other advisory affiliates (equity portfolio
management) |
2004 |
1994 |
NUVEEN
SMALL CAP VALUE FUND | |||
|
|||
Karen
L. Bowie, CFA Managing Director |
Nuveen
Asset Management and other advisory affiliates (equity portfolio
management) |
1984 |
1984 |
|
|||
David
F. Johnson, CFA Senior Director |
Nuveen
Asset Management and other advisory affiliates (equity portfolio
management) |
1997 |
1990 |
44 |
Section
2
How We Manage Your Money |
Average
Daily Net Assets |
Nuveen
Dividend Value Fund |
Nuveen Large Cap Select Fund |
Nuveen Mid Cap Growth Opportunities Fund |
Nuveen Mid Cap Value Fund |
For
the first $125 million |
0.5000% |
0.5000% |
0.6000% |
0.6000% |
For
the next $125 million |
0.4875% |
0.4875% |
0.5875% |
0.5875% |
For
the next $250 million |
0.4750% |
0.4750% |
0.5750% |
0.5750% |
For
the next $500 million |
0.4625% |
0.4625% |
0.5625% |
0.5625% |
For
the next $1 billion |
0.4500% |
0.4500% |
0.5500% |
0.5500% |
For
the next $3 billion |
0.4250% |
0.4250% |
0.5250% |
0.5250% |
For
the next $2.5 billion |
0.4000% |
0.4000% |
0.5000% |
0.5000% |
For
the next $2.5 billion |
0.3875% |
0.3875% |
0.4875% |
0.4875% |
For
net assets over $10 billion |
0.3750% |
0.3750% |
0.4750% |
0.4750% |
Average
Daily Net Assets |
Nuveen Small Cap Growth Opportunities Fund |
Nuveen Small Cap Select Fund |
Nuveen Small Cap Value Fund | |
For
the first $125 million |
0.6500% |
0.6500% |
0.6500% | |
For
the next $125 million |
0.6375% |
0.6375% |
0.6375% | |
For
the next $250 million |
0.6250% |
0.6250% |
0.6250% | |
For
the next $500 million |
0.6125% |
0.6125% |
0.6125% | |
For
the next $1 billion |
0.6000% |
0.6000% |
0.6000% | |
For
the next $3 billion |
0.5750% |
0.5750% |
0.5750% | |
For
the next $2.5 billion |
0.5500% |
0.5500% |
0.5500% | |
For
the next $2.5 billion |
0.5375% |
0.5375% |
0.5375% | |
For
net assets over $10 billion |
0.5250% |
0.5250% |
0.5250% |
Complex-Level Fee Rate | |
Nuveen
Dividend Value Fund |
0.1732% |
Nuveen
Large Cap Select Fund |
0.2000% |
Nuveen
Mid Cap Growth Opportunities Fund |
0.2000% |
Nuveen
Mid Cap Value Fund |
0.1870% |
Nuveen
Small Cap Growth Opportunities Fund |
0.1898% |
Nuveen
Small Cap Select Fund |
0.2000% |
Nuveen
Small Cap Value Fund |
0.1665% |
Section
2
How We Manage Your Money |
45 |
Nuveen
Dividend Value Fund |
0.58% |
Nuveen
Large Cap Select Fund |
0.43% |
Nuveen
Mid Cap Growth Opportunities Fund |
0.72% |
Nuveen
Mid Cap Value Fund |
0.72% |
Nuveen
Small Cap Growth Opportunities Fund |
0.69% |
Nuveen
Small Cap Select Fund |
0.69% |
Nuveen
Small Cap Value Fund |
0.74% |
Nuveen
Dividend Value Fund |
0.74% |
Nuveen
Large Cap Select Fund |
0.80% |
Nuveen
Mid Cap Growth Opportunities Fund |
0.92% |
Nuveen
Mid Cap Value Fund |
0.92% |
Nuveen
Small Cap Growth Opportunities Fund |
0.99% |
Nuveen
Small Cap Select Fund |
0.99% |
Nuveen
Small Cap Value Fund |
0.99% |
More
About Our Investment Strategies |
46 |
Section
2
How We Manage Your Money |
Section
2
How We Manage Your Money |
47 |
What
the Risks Are |
48 |
Section
2
How We Manage Your Money |
Section
2
How We Manage Your Money |
49 |
50 |
Section
2
How We Manage Your Money |
Section
2
How We Manage Your Money |
51 |
52 |
Section
2
How We Manage Your Money |
Section
2
How We Manage Your Money |
53 |
54 |
Section
2
How We Manage Your Money |
Section
2
How We Manage Your Money |
55 |
56 |
Section
2
How We Manage Your Money |
Section
2
How We Manage Your Money |
57 |
What
Share Classes We Offer |
Amount
of Purchase |
Sales
Charge as % of Public Offering Price |
Sales
Charge as % of Net Amount Invested |
Maximum
Financial Intermediary Commission as % of Public Offering
Price | |||||
Less
than $50,000 |
5.75 |
% |
6.10 |
% |
5.00 |
% | ||
$50,000
but less than $100,000 |
4.50 |
4.71 |
4.00 |
|||||
$100,000
but less than $250,000 |
3.75 |
3.90 |
3.25 |
|||||
$250,000
but less than $500,000 |
2.75 |
2.83 |
2.50 |
|||||
$500,000
but less than $1,000,000 |
2.00 |
2.04 |
1.75 |
|||||
$1,000,000
and over* |
— |
— |
1.00 |
58 |
Section
3
How You Can Buy and Sell Shares |
Section
3
How You Can Buy and Sell Shares |
59 |
60 |
Section
3
How You Can Buy and Sell Shares |
Section
3
How You Can Buy and Sell Shares |
61 |
How
to Reduce Your Sales Charge |
62 |
Section
3
How You Can Buy and Sell Shares |
Section
3
How You Can Buy and Sell Shares |
63 |
64 |
Section
3
How You Can Buy and Sell Shares |
How
to Buy Shares |
Section
3
How You Can Buy and Sell Shares |
65 |
Special
Services |
66 |
Section
3
How You Can Buy and Sell Shares |
Section
3
How You Can Buy and Sell Shares |
67 |
How
to Sell Shares |
68 |
Section
3
How You Can Buy and Sell Shares |
An
Important Note About Telephone Transactions
Although
Nuveen Funds has certain safeguards and procedures to confirm the identity
of callers, it will not be liable for losses resulting from following
telephone instructions it reasonably believes to be genuine.
Also,
you should verify your trade confirmations immediately upon
receipt. |
Section
3
How You Can Buy and Sell Shares |
69 |
70 |
Section
3
How You Can Buy and Sell Shares |
Dividends, Distributions and Taxes |
Section
4
General Information |
71 |
Distribution
and Service Payments |
72 |
Section
4
General Information |
Section
4
General Information |
73 |
Net
Asset Value |
74 |
Section
4
General Information |
Frequent
Trading |
Section
4
General Information |
75 |
Fund
Service Providers |
76 |
Section
4
General Information |
Section
4
General Information |
77 |
|
Investment
Operations |
|
Less
Distributions |
|
|
Ratios/Supplemental
Data | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of |
| |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Net |
| |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of |
Investment |
| |||||||||||||||||||||
|
|
Net |
Net |
|
|
From |
From |
|
|
|
Ending |
Expenses |
Income
(Loss) |
| |||||||||||||||||||||
|
|
Investment |
Realized/ |
|
|
Net |
Accumulated |
|
|
|
Net |
to
Average |
to
Average |
Portfolio | |||||||||||||||||||||
Year
Ended |
Beginning |
Income |
Unrealized |
|
|
Investment |
Net
Realized |
|
Ending |
Total |
Assets |
Net |
Net |
Turnover | |||||||||||||||||||||
October
31: |
NAV |
(Loss)(a) |
Gain
(Loss) |
Total |
|
Income |
Gains |
Total |
NAV |
Return(b) |
(000) |
Assets(c) |
Assets(c)(d) |
Rate(e) | |||||||||||||||||||||
Class
A | |||||||||||||||||||||||||||||||||||
2022 |
$ |
15.97 |
|
$ |
0.24 |
|
$ |
(0.67 |
) |
$ |
(0.43 |
) |
|
$ |
(0.20 |
) |
$ |
(1.22 |
) |
$ |
(1.42 |
) |
$ |
14.12 |
|
(3.00 |
)% |
$ |
390,219 |
0.96 |
% |
1.63 |
% |
81 |
% |
2021 |
|
11.44 |
|
|
0.20 |
|
|
4.50 |
|
|
4.70 |
|
|
|
(0.17 |
) |
|
— |
|
|
(0.17 |
) |
|
15.97 |
|
41.25 |
|
|
434,105 |
0.96 |
|
1.32 |
|
97 |
|
2020 |
|
14.21 |
|
|
0.25 |
|
|
(1.98 |
) |
|
(1.73 |
) |
|
|
(0.23 |
) |
|
(0.81 |
) |
|
(1.04 |
) |
|
11.44 |
|
(13.12 |
) |
|
158,645 |
1.09 |
|
2.00 |
|
117 |
|
2019 |
|
14.32 |
|
|
0.26 |
|
|
0.96 |
|
|
1.22 |
|
|
|
(0.28 |
) |
|
(1.05 |
) |
|
(1.33 |
) |
|
14.21 |
|
9.81 |
|
|
215,710 |
1.11 |
|
1.94 |
|
93 |
|
2018 |
|
15.67 |
|
|
0.25 |
|
|
0.35 |
|
|
0.60 |
|
|
|
(0.24 |
) |
|
(1.71 |
) |
|
(1.95 |
) |
|
14.32 |
|
3.72 |
|
|
264,271 |
1.08 |
|
1.68 |
|
68 |
|
Class
C | |||||||||||||||||||||||||||||||||||
2022 |
|
15.63 |
|
|
0.12 |
|
|
(0.64 |
) |
|
(0.52 |
) |
|
|
(0.09 |
) |
|
(1.22 |
) |
|
(1.31 |
) |
|
13.80 |
|
(3.72 |
) |
|
11,931 |
1.71 |
|
0.85 |
|
81 |
|
2021 |
|
11.21 |
|
|
0.09 |
|
|
4.40 |
|
|
4.49 |
|
|
|
(0.07 |
) |
|
— |
|
|
(0.07 |
) |
|
15.63 |
|
40.10 |
|
|
16,356 |
1.71 |
|
0.60 |
|
97 |
|
2020 |
|
13.93 |
|
|
0.15 |
|
|
(1.92 |
) |
|
(1.77 |
) |
|
|
(0.14 |
) |
|
(0.81 |
) |
|
(0.95 |
) |
|
11.21 |
|
(13.75 |
) |
|
11,881 |
1.84 |
|
1.24 |
|
117 |
|
2019 |
|
14.06 |
|
|
0.16 |
|
|
0.93 |
|
|
1.09 |
|
|
|
(0.17 |
) |
|
(1.05 |
) |
|
(1.22 |
) |
|
13.93 |
|
8.98 |
|
|
23,083 |
1.86 |
|
1.19 |
|
93 |
|
2018 |
|
15.41 |
|
|
0.14 |
|
|
0.35 |
|
|
0.49 |
|
|
|
(0.13 |
) |
|
(1.71 |
) |
|
(1.84 |
) |
|
14.06 |
|
2.98 |
|
|
31,111 |
1.83 |
|
0.95 |
|
68 |
|
Class
R6 | |||||||||||||||||||||||||||||||||||
2022 |
|
16.34 |
|
|
0.29 |
|
|
(0.68 |
) |
|
(0.39 |
) |
|
|
(0.26 |
) |
|
(1.22 |
) |
|
(1.48 |
) |
|
14.47 |
|
(2.65 |
) |
|
2,619,891 |
0.61 |
|
1.98 |
|
81 |
|
2021 |
|
11.72 |
|
|
0.26 |
|
|
4.60 |
|
|
4.86 |
|
|
|
(0.24 |
) |
|
— |
|
|
(0.24 |
) |
|
16.34 |
|
41.71 |
|
|
3,102,035 |
0.60 |
|
1.73 |
|
97 |
|
2020 |
|
14.54 |
|
|
0.30 |
|
|
(2.02 |
) |
|
(1.72 |
) |
|
|
(0.29 |
) |
|
(0.81 |
) |
|
(1.10 |
) |
|
11.72 |
|
(12.80 |
) |
|
2,025,717 |
0.70 |
|
2.41 |
|
117 |
|
2019 |
|
14.61 |
|
|
0.32 |
|
|
0.99 |
|
|
1.31 |
|
|
|
(0.33 |
) |
|
(1.05 |
) |
|
(1.38 |
) |
|
14.54 |
|
10.29 |
|
|
52,824 |
0.72 |
|
2.30 |
|
93 |
|
2018 |
|
15.93 |
|
|
0.32 |
|
|
0.36 |
|
|
0.68 |
|
|
|
(0.29 |
) |
|
(1.71 |
) |
|
(2.00 |
) |
|
14.61 |
|
4.15 |
|
|
172,215 |
0.72 |
|
2.05 |
|
68 |
|
Class
I | |||||||||||||||||||||||||||||||||||
2022 |
|
16.20 |
|
|
0.27 |
|
|
(0.67 |
) |
|
(0.40 |
) |
|
|
(0.24 |
) |
|
(1.22 |
) |
|
(1.46 |
) |
|
14.34 |
|
(2.75 |
) |
|
342,502 |
0.71 |
|
1.85 |
|
81 |
|
2021 |
|
11.61 |
|
|
0.24 |
|
|
4.57 |
|
|
4.81 |
|
|
|
(0.22 |
) |
|
— |
|
|
(0.22 |
) |
|
16.20 |
|
41.59 |
|
|
466,940 |
0.71 |
|
1.61 |
|
97 |
|
2020 |
|
14.42 |
|
|
0.28 |
|
|
(2.01 |
) |
|
(1.73 |
) |
|
|
(0.27 |
) |
|
(0.81 |
) |
|
(1.08 |
) |
|
11.61 |
|
(12.96 |
) |
|
408,828 |
0.84 |
|
2.25 |
|
117 |
|
2019 |
|
14.51 |
|
|
0.30 |
|
|
0.98 |
|
|
1.28 |
|
|
|
(0.32 |
) |
|
(1.05 |
) |
|
(1.37 |
) |
|
14.42 |
|
10.14 |
|
|
661,390 |
0.86 |
|
2.18 |
|
93 |
|
2018 |
|
15.85 |
|
|
0.30 |
|
|
0.36 |
|
|
0.66 |
|
|
|
(0.29 |
) |
|
(1.71 |
) |
|
(2.00 |
) |
|
14.51 |
|
4.02 |
|
|
617,086 |
0.83 |
|
1.94 |
|
68 |
|
(a) |
Per
share Net Investment Income (Loss) is calculated using the average daily
shares method. |
(b) |
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. |
(c) |
After
fee waiver and/or expense reimbursement from Nuveen Fund Advisors, where
applicable. |
(d) |
Includes
voluntary compensation from Nuveen Fund Advisors. |
(e) |
Portfolio
Turnover Rate is calculated based on the lesser of long-term purchases or
sales divided by the average long-term market value during the
period. |
|
Investment
Operations |
|
Less
Distributions |
|
|
Ratios/Supplemental
Data | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of |
| |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Net |
| |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of |
Investment |
| |||||||||||||||||||||
|
|
Net |
Net |
|
|
From |
From |
|
|
|
Ending |
Expenses |
Income
(Loss) |
| |||||||||||||||||||||
|
|
Investment |
Realized/ |
|
|
Net |
Accumulated |
|
|
|
Net |
to
Average |
to
Average |
Portfolio | |||||||||||||||||||||
Year
Ended |
Beginning |
Income |
Unrealized |
|
|
Investment |
Net
Realized |
|
Ending |
Total |
Assets |
Net |
Net |
Turnover | |||||||||||||||||||||
October
31: |
NAV |
(Loss)(a) |
Gain
(Loss) |
Total |
|
Income |
Gains |
Total |
NAV |
Return(b) |
(000) |
Assets(c) |
Assets(c)(d) |
Rate(e) | |||||||||||||||||||||
Class
A | |||||||||||||||||||||||||||||||||||
2022 |
$ |
45.19 |
|
$ |
0.19 |
|
$ |
(5.82 |
) |
$ |
(5.63 |
) |
|
$ |
(0.10 |
) |
$ |
(8.35 |
) |
$ |
(8.45 |
) |
$ |
31.11 |
|
(15.56 |
)% |
$ |
23,157 |
1.05 |
% |
0.54 |
% |
78 |
% |
2021 |
|
32.12 |
|
|
0.07 |
|
|
13.28 |
|
|
13.35 |
|
|
|
(0.17 |
) |
|
(0.11 |
) |
|
(0.28 |
) |
|
45.19 |
|
41.77 |
|
|
31,724 |
1.05 |
|
0.18 |
|
83 |
|
2020 |
|
30.71 |
|
|
0.17 |
|
|
1.61 |
|
|
1.78 |
|
|
|
(0.37 |
) |
|
— |
|
|
(0.37 |
) |
|
32.12 |
|
5.76 |
|
|
24,135 |
1.11 |
|
0.54 |
|
101 |
|
2019 |
|
28.87 |
|
|
0.21 |
|
|
2.72 |
|
|
2.93 |
|
|
|
(0.10 |
) |
|
(0.99 |
) |
|
(1.09 |
) |
|
30.71 |
|
10.86 |
|
|
24,224 |
1.15 |
|
0.73 |
|
108 |
|
2018 |
|
27.50 |
|
|
0.12 |
|
|
1.38 |
|
|
1.50 |
|
|
|
(0.13 |
) |
|
— |
|
|
(0.13 |
) |
|
28.87 |
|
5.47 |
|
|
23,030 |
1.14 |
|
0.39 |
|
101 |
|
Class
C | |||||||||||||||||||||||||||||||||||
2022 |
|
41.45 |
|
|
(0.06 |
) |
|
(5.20 |
) |
|
(5.26 |
) |
|
|
(0.09 |
) |
|
(8.35 |
) |
|
(8.44 |
) |
|
27.75 |
|
(16.18 |
) |
|
1,334 |
1.80 |
|
(0.20 |
) |
78 |
|
2021 |
|
29.56 |
|
|
(0.21 |
) |
|
12.21 |
|
|
12.00 |
|
|
|
— |
|
|
(0.11 |
) |
|
(0.11 |
) |
|
41.45 |
|
40.68 |
|
|
1,790 |
1.80 |
|
(0.56 |
) |
83 |
|
2020 |
|
28.28 |
|
|
(0.06 |
) |
|
1.47 |
|
|
1.41 |
|
|
|
(0.13 |
) |
|
— |
|
|
(0.13 |
) |
|
29.56 |
|
4.99 |
|
|
1,743 |
1.86 |
|
(0.21 |
) |
101 |
|
2019 |
|
26.77 |
|
|
— |
(f) |
|
2.50 |
|
|
2.50 |
|
|
|
— |
|
|
(0.99 |
) |
|
(0.99 |
) |
|
28.28 |
|
10.02 |
|
|
2,097 |
1.90 |
|
(0.02 |
) |
108 |
|
2018 |
|
25.57 |
|
|
(0.10 |
) |
|
1.30 |
|
|
1.20 |
|
|
|
— |
|
|
— |
|
|
— |
|
|
26.77 |
|
4.65 |
|
|
2,145 |
1.89 |
|
(0.37 |
) |
101 |
|
Class
I | |||||||||||||||||||||||||||||||||||
2022 |
|
45.61 |
|
|
0.26 |
|
|
(5.87 |
) |
|
(5.61 |
) |
|
|
(0.10 |
) |
|
(8.35 |
) |
|
(8.45 |
) |
|
31.55 |
|
(15.33 |
) |
|
9,854 |
0.80 |
|
0.75 |
|
78 |
|
2021 |
|
32.41 |
|
|
0.18 |
|
|
13.38 |
|
|
13.56 |
|
|
|
(0.25 |
) |
|
(0.11 |
) |
|
(0.36 |
) |
|
45.61 |
|
42.11 |
|
|
18,605 |
0.80 |
|
0.43 |
|
83 |
|
2020 |
|
30.98 |
|
|
0.25 |
|
|
1.62 |
|
|
1.87 |
|
|
|
(0.44 |
) |
|
— |
|
|
(0.44 |
) |
|
32.41 |
|
6.02 |
|
|
16,030 |
0.86 |
|
0.79 |
|
101 |
|
2019 |
|
29.13 |
|
|
0.28 |
|
|
2.73 |
|
|
3.01 |
|
|
|
(0.17 |
) |
|
(0.99 |
) |
|
(1.16 |
) |
|
30.98 |
|
11.13 |
|
|
18,567 |
0.90 |
|
0.98 |
|
108 |
|
2018 |
|
27.74 |
|
|
0.19 |
|
|
1.40 |
|
|
1.59 |
|
|
|
(0.20 |
) |
|
— |
|
|
(0.20 |
) |
|
29.13 |
|
5.74 |
|
|
48,569 |
0.89 |
|
0.65 |
|
101 |
|
(a) |
Per
share Net Investment Income (Loss) is calculated using the average daily
shares method. |
(b) |
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. |
(c) |
After
fee waiver and/or expense reimbursement from Nuveen Fund Advisors, where
applicable. |
(d) |
Includes
voluntary compensation from Nuveen Fund Advisors. |
(e) |
Portfolio
Turnover Rate is calculated based on the lesser of long-term purchases or
sales divided by the average long-term market value during the
period. |
(f) |
Value
rounded to zero. |
Section
5
Financial Highlights |
79 |
|
Investment
Operations |
|
Less
Distributions |
|
|
Ratios/Supplemental
Data | |||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of |
| |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Net |
| |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of |
Investment |
| |||||||||||||||||||||||||||||
|
|
Net |
Net |
|
|
From |
From |
|
|
|
Ending |
Expenses |
Income
(Loss) |
| |||||||||||||||||||||||||||||
|
|
Investment |
Realized/ |
|
|
Net |
Accumulated |
|
|
|
Net |
to
Average |
to
Average |
Portfolio | |||||||||||||||||||||||||||||
Year
Ended |
Beginning |
Income |
Unrealized |
|
|
Investment |
Net
Realized |
|
Ending |
Total |
Assets |
Net |
Net |
Turnover | |||||||||||||||||||||||||||||
October
31: |
NAV |
(Loss)(a) |
Gain
(Loss) |
Total |
|
Income |
Gains |
Total |
NAV |
Return(b) |
(000) |
Assets(c) |
Assets(c)(d) |
Rate(e) | |||||||||||||||||||||||||||||
Class
A | |||||||||||||||||||||||||||||||||||||||||||
2022 |
$ |
41.71 |
|
$ |
(0.14 |
) |
$ |
(11.98 |
) |
$ |
(12.12 |
) |
|
$ |
— |
|
$ |
(10.16 |
) |
$ |
(10.16 |
) |
$ |
19.43 |
|
(36.06 |
)% |
$ |
142,840 |
1.17 |
% |
(0.60 |
)% |
67 |
% |
||||||||
2021 |
|
34.24 |
|
|
(0.32 |
) |
|
12.82 |
|
|
12.50 |
|
|
|
— |
|
|
(5.03 |
) |
|
(5.03 |
) |
|
41.71 |
|
38.97 |
|
|
252,552 |
1.17 |
|
(0.84 |
) |
89 |
|
||||||||
2020 |
|
33.66 |
|
|
(0.09 |
) |
|
8.01 |
|
|
7.92 |
|
|
|
— |
|
|
(7.34 |
) |
|
(7.34 |
) |
|
34.24 |
|
28.09 |
|
|
185,219 |
1.17 |
|
(0.29 |
) |
89 |
|
||||||||
2019 |
|
36.79 |
|
|
(0.12 |
) |
|
3.48 |
|
|
3.36 |
|
|
|
— |
|
|
(6.49 |
) |
|
(6.49 |
) |
|
33.66 |
|
13.43 |
|
|
172,912 |
1.17 |
|
(0.35 |
) |
90 |
|
||||||||
2018 |
|
43.45 |
|
|
(0.20 |
) |
|
1.16 |
|
|
0.96 |
|
|
|
— |
|
|
(7.62 |
) |
|
(7.62 |
) |
|
36.79 |
|
2.35 |
|
|
196,212 |
1.17 |
|
(0.51 |
) |
106 |
|
||||||||
Class
R6 | |||||||||||||||||||||||||||||||||||||||||||
2022 |
|
58.90 |
|
|
(0.09 |
) |
|
(18.13 |
) |
|
(18.22 |
) |
|
|
— |
|
|
(10.16 |
) |
|
(10.16 |
) |
|
30.52 |
|
(35.86 |
) |
|
20,897 |
0.83 |
|
(0.25 |
) |
67 |
|
||||||||
2021 |
|
46.46 |
|
|
(0.27 |
) |
|
17.74 |
|
|
17.47 |
|
|
|
— |
|
|
(5.03 |
) |
|
(5.03 |
) |
|
58.90 |
|
39.45 |
|
|
31,945 |
0.83 |
|
(0.50 |
) |
89 |
|
||||||||
2020 |
|
43.07 |
|
|
0.03 |
|
|
10.70 |
|
|
10.73 |
|
|
|
— |
|
|
(7.34 |
) |
|
(7.34 |
) |
|
46.46 |
|
28.54 |
|
|
28,966 |
0.81 |
|
0.06 |
|
89 |
|
||||||||
2019 |
|
44.94 |
|
|
0.01 |
|
|
4.61 |
|
|
4.62 |
|
|
|
— |
|
|
(6.49 |
) |
|
(6.49 |
) |
|
43.07 |
|
13.85 |
|
|
26,329 |
0.79 |
|
0.02 |
|
90 |
|
||||||||
2018 |
|
51.24 |
|
|
(0.05 |
) |
|
1.37 |
|
|
1.32 |
|
|
|
— |
|
|
(7.62 |
) |
|
(7.62 |
) |
|
44.94 |
|
2.75 |
|
|
56,250 |
0.78 |
|
(0.11 |
) |
106 |
|
||||||||
Class
I | |||||||||||||||||||||||||||||||||||||||||||
2022 |
|
57.74 |
|
|
(0.13 |
) |
|
(17.70 |
) |
|
(17.83 |
) |
|
|
— |
|
|
(10.16 |
) |
|
(10.16 |
) |
|
29.75 |
|
(35.91 |
) |
|
71,478 |
0.92 |
|
(0.35 |
) |
67 |
|
||||||||
2021 |
|
45.67 |
|
|
(0.31 |
) |
|
17.41 |
|
|
17.10 |
|
|
|
— |
|
|
(5.03 |
) |
|
(5.03 |
) |
|
57.74 |
|
39.31 |
|
|
164,813 |
0.92 |
|
(0.58 |
) |
89 |
|
||||||||
2020 |
|
42.49 |
|
|
(0.01 |
) |
|
10.53 |
|
|
10.52 |
|
|
|
— |
|
|
(7.34 |
) |
|
(7.34 |
) |
|
45.67 |
|
28.38 |
|
|
150,875 |
0.92 |
|
(0.03 |
) |
89 |
|
||||||||
2019 |
|
44.49 |
|
|
(0.05 |
) |
|
4.54 |
|
|
4.49 |
|
|
|
— |
|
|
(6.49 |
) |
|
(6.49 |
) |
|
42.49 |
|
13.73 |
|
|
165,663 |
0.92 |
|
(0.12 |
) |
90 |
|
||||||||
2018 |
|
50.85 |
|
|
(0.12 |
) |
|
1.38 |
|
|
1.26 |
|
|
|
— |
|
|
(7.62 |
) |
|
(7.62 |
) |
|
44.49 |
|
2.61 |
|
|
331,728 |
0.92 |
|
(0.26 |
) |
106 |
|
(a) |
Per
share Net Investment Income (Loss) is calculated using the average daily
shares method. |
(b) |
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. |
(c) |
After
fee waiver and/or expense reimbursement from Nuveen Fund Advisors, where
applicable. |
(d) |
Includes
voluntary compensation from Nuveen Fund Advisors. |
(e) |
Portfolio
Turnover Rate is calculated based on the lesser of long-term purchases or
sales divided by the average long-term market value during the
period. |
|
Investment
Operations |
|
Less
Distributions |
|
|
Ratios/Supplemental
Data | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of |
| |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Net |
| |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of |
Investment |
| |||||||||||||||||||||
|
|
Net |
Net |
|
|
From |
From |
|
|
|
Ending |
Expenses |
Income
(Loss) |
| |||||||||||||||||||||
|
|
Investment |
Realized/ |
|
|
Net |
Accumulated |
|
|
|
Net |
to
Average |
to
Average |
Portfolio | |||||||||||||||||||||
Year
Ended |
Beginning |
Income |
Unrealized |
|
|
Investment |
Net
Realized |
|
Ending |
Total |
Assets |
Net |
Net |
Turnover | |||||||||||||||||||||
October
31: |
NAV |
(Loss)(a) |
Gain
(Loss) |
Total |
|
Income |
Gains |
Total |
NAV |
Return(b) |
(000) |
Assets(c) |
Assets(c)(d) |
Rate(e) | |||||||||||||||||||||
Class
A | |||||||||||||||||||||||||||||||||||
2022 |
$ |
56.38 |
|
$ |
0.54 |
|
$ |
(3.88 |
) |
$ |
(3.34 |
) |
|
$ |
(0.35 |
) |
$ |
(2.56 |
) |
$ |
(2.91 |
) |
$ |
50.13 |
|
(6.29 |
)% |
$ |
63,992 |
1.16 |
% |
1.03 |
% |
38 |
% |
2021 |
|
36.53 |
|
|
0.29 |
|
|
20.01 |
|
|
20.30 |
|
|
|
(0.45 |
) |
|
— |
|
|
(0.45 |
) |
|
56.38 |
|
55.98 |
|
|
73,571 |
1.16 |
|
0.59 |
|
31 |
|
2020 |
|
41.07 |
|
|
0.43 |
|
|
(4.59 |
) |
|
(4.16 |
) |
|
|
(0.38 |
) |
|
— |
|
|
(0.38 |
) |
|
36.53 |
|
(10.26 |
) |
|
41,258 |
1.17 |
|
1.16 |
|
56 |
|
2019 |
|
38.91 |
|
|
0.40 |
|
|
3.29 |
|
|
3.69 |
|
|
|
(0.09 |
) |
|
(1.44 |
) |
|
(1.53 |
) |
|
41.07 |
|
10.19 |
|
|
55,467 |
1.17 |
|
1.04 |
|
46 |
|
2018 |
|
42.32 |
|
|
0.29 |
|
|
(0.46 |
) |
|
(0.17 |
) |
|
|
(0.26 |
) |
|
(2.98 |
) |
|
(3.24 |
) |
|
38.91 |
|
(0.65 |
) |
|
51,202 |
1.17 |
|
0.69 |
|
49 |
|
Class
C | |||||||||||||||||||||||||||||||||||
2022 |
|
52.74 |
|
|
0.14 |
|
|
(3.62 |
) |
|
(3.48 |
) |
|
|
(0.32 |
) |
|
(2.56 |
) |
|
(2.88 |
) |
|
46.38 |
|
(7.02 |
) |
|
5,552 |
1.91 |
|
0.28 |
|
38 |
|
2021 |
|
34.21 |
|
|
(0.09 |
) |
|
18.79 |
|
|
18.70 |
|
|
|
(0.17 |
) |
|
— |
|
|
(0.17 |
) |
|
52.74 |
|
54.80 |
|
|
6,026 |
1.91 |
|
(0.20 |
) |
31 |
|
2020 |
|
38.49 |
|
|
0.14 |
|
|
(4.34 |
) |
|
(4.20 |
) |
|
|
(0.08 |
) |
|
— |
|
|
(0.08 |
) |
|
34.21 |
|
(10.94 |
) |
|
4,649 |
1.92 |
|
0.40 |
|
56 |
|
2019 |
|
36.73 |
|
|
0.11 |
|
|
3.09 |
|
|
3.20 |
|
|
|
— |
|
|
(1.44 |
) |
|
(1.44 |
) |
|
38.49 |
|
9.39 |
|
|
7,631 |
1.92 |
|
0.30 |
|
46 |
|
2018 |
|
40.17 |
|
|
(— |
)(f) |
|
(0.46 |
) |
|
(0.46 |
) |
|
|
— |
|
|
(2.98 |
) |
|
(2.98 |
) |
|
36.73 |
|
(1.41 |
) |
|
6,899 |
1.92 |
|
— |
(f) |
49 |
|
Class
R6 | |||||||||||||||||||||||||||||||||||
2022 |
|
56.81 |
|
|
0.74 |
|
|
(3.93 |
) |
|
(3.19 |
) |
|
|
(0.35 |
) |
|
(2.56 |
) |
|
(2.91 |
) |
|
50.71 |
|
(5.96 |
) |
|
32,383 |
0.79 |
|
1.39 |
|
38 |
|
2021 |
|
36.78 |
|
|
0.49 |
|
|
20.13 |
|
|
20.62 |
|
|
|
(0.59 |
) |
|
— |
|
|
(0.59 |
) |
|
56.81 |
|
56.59 |
|
|
26,190 |
0.75 |
|
0.99 |
|
31 |
|
2020 |
|
41.32 |
|
|
0.57 |
|
|
(4.59 |
) |
|
(4.02 |
) |
|
|
(0.52 |
) |
|
— |
|
|
(0.52 |
) |
|
36.78 |
|
(9.91 |
) |
|
16,762 |
0.78 |
|
1.54 |
|
56 |
|
2019 |
|
39.10 |
|
|
0.55 |
|
|
3.30 |
|
|
3.85 |
|
|
|
(0.19 |
) |
|
(1.44 |
) |
|
(1.63 |
) |
|
41.32 |
|
10.63 |
|
|
19,481 |
0.77 |
|
1.39 |
|
46 |
|
2018(g) |
|
42.86 |
|
|
0.11 |
|
|
(3.87 |
) |
|
(3.76 |
) |
|
|
— |
|
|
— |
|
|
— |
|
|
39.10 |
|
(8.77 |
) |
|
958 |
0.79 |
(h) |
0.71 |
(h) |
49 |
|
Class
I | |||||||||||||||||||||||||||||||||||
2022 |
|
56.64 |
|
|
0.68 |
|
|
(3.92 |
) |
|
(3.24 |
) |
|
|
(0.35 |
) |
|
(2.56 |
) |
|
(2.91 |
) |
|
50.49 |
|
(6.07 |
) |
|
369,680 |
0.91 |
|
1.29 |
|
38 |
|
2021 |
|
36.69 |
|
|
0.41 |
|
|
20.09 |
|
|
20.50 |
|
|
|
(0.55 |
) |
|
— |
|
|
(0.55 |
) |
|
56.64 |
|
56.35 |
|
|
298,350 |
0.91 |
|
0.83 |
|
31 |
|
2020 |
|
41.24 |
|
|
0.52 |
|
|
(4.59 |
) |
|
(4.07 |
) |
|
|
(0.48 |
) |
|
— |
|
|
(0.48 |
) |
|
36.69 |
|
(10.03 |
) |
|
214,089 |
0.92 |
|
1.41 |
|
56 |
|
2019 |
|
39.08 |
|
|
0.51 |
|
|
3.28 |
|
|
3.79 |
|
|
|
(0.19 |
) |
|
(1.44 |
) |
|
(1.63 |
) |
|
41.24 |
|
10.48 |
|
|
250,717 |
0.92 |
|
1.30 |
|
46 |
|
2018 |
|
42.49 |
|
|
0.40 |
|
|
(0.47 |
) |
|
(0.07 |
) |
|
|
(0.36 |
) |
|
(2.98 |
) |
|
(3.34 |
) |
|
39.08 |
|
(0.40 |
) |
|
139,841 |
0.92 |
|
0.95 |
|
49 |
|
(a) |
Per
share Net Investment Income (Loss) is calculated using the average daily
shares method. |
(b) |
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. |
(c) |
After
fee waiver and/or expense reimbursement from Nuveen Fund Advisors, where
applicable. |
(d) |
Includes
voluntary compensation from Nuveen Fund Advisors. |
(e) |
Portfolio
Turnover Rate is calculated based on the lesser of long-term purchases or
sales divided by the average long-term market value during the
period. |
(f) |
Value
rounded to zero. |
(g) |
For
the period June 20, 2018 (commencement of operations) through October 31,
2018. |
(h) |
Annualized. |
Section
5
Financial Highlights |
81 |
|
Investment
Operations |
|
Less
Distributions |
|
|
Ratios/Supplemental
Data | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of |
| |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Net |
| |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of |
Investment |
| |||||||||||||||||||||
|
|
Net |
Net |
|
|
From |
From |
|
|
|
Ending |
Expenses |
Income
(Loss) |
| |||||||||||||||||||||
|
|
Investment |
Realized/ |
|
|
Net |
Accumulated |
|
|
|
Net |
to
Average |
to
Average |
Portfolio | |||||||||||||||||||||
Year
Ended |
Beginning |
Income |
Unrealized |
|
|
Investment |
Net
Realized |
|
Ending |
Total |
Assets |
Net |
Net |
Turnover | |||||||||||||||||||||
October
31: |
NAV |
(Loss)(a) |
Gain
(Loss) |
Total |
|
Income |
Gains |
Total |
NAV |
Return(b) |
(000) |
Assets(c) |
Assets(c)(d) |
Rate(e) | |||||||||||||||||||||
Class
A | |||||||||||||||||||||||||||||||||||
2022 |
$ |
34.74 |
|
$ |
(0.16 |
) |
$ |
(8.03 |
) |
$ |
(8.19 |
) |
|
$ |
— |
|
$ |
(6.50 |
) |
$ |
(6.50 |
) |
$ |
20.05 |
|
(28.03 |
)% |
$ |
41,159 |
1.22 |
% |
(0.72 |
)% |
65 |
% |
2021 |
|
27.35 |
|
|
(0.28 |
) |
|
11.44 |
|
|
11.16 |
|
|
|
(0.01 |
) |
|
(3.76 |
) |
|
(3.77 |
) |
|
34.74 |
|
43.38 |
|
|
59,901 |
1.21 |
|
(0.88 |
) |
97 |
|
2020 |
|
20.96 |
|
|
(0.18 |
) |
|
6.57 |
|
|
6.39 |
|
|
|
— |
|
|
— |
|
|
— |
|
|
27.35 |
|
30.55 |
|
|
41,683 |
1.22 |
|
(0.77 |
) |
105 |
|
2019 |
|
23.54 |
|
|
(0.14 |
) |
|
0.84 |
|
|
0.70 |
|
|
|
— |
|
|
(3.28 |
) |
|
(3.28 |
) |
|
20.96 |
|
5.47 |
|
|
34,249 |
1.23 |
|
(0.68 |
) |
104 |
|
2018 |
|
24.78 |
|
|
(0.17 |
) |
|
1.94 |
|
|
1.77 |
|
|
|
— |
|
|
(3.01 |
) |
|
(3.01 |
) |
|
23.54 |
|
7.89 |
|
|
36,452 |
1.24 |
|
(0.72 |
) |
139 |
|
Class
R6 | |||||||||||||||||||||||||||||||||||
2022 |
|
43.84 |
|
|
(0.09 |
) |
|
(10.54 |
) |
|
(10.63 |
) |
|
|
— |
|
|
(6.50 |
) |
|
(6.50 |
) |
|
26.71 |
|
(27.74 |
) |
|
644 |
0.82 |
|
(0.30 |
) |
65 |
|
2021 |
|
33.69 |
|
|
(0.15 |
) |
|
14.22 |
|
|
14.07 |
|
|
|
(0.16 |
) |
|
(3.76 |
) |
|
(3.92 |
) |
|
43.84 |
|
43.98 |
|
|
590 |
0.81 |
|
(0.39 |
) |
97 |
|
2020 |
|
25.69 |
|
|
(0.07 |
) |
|
8.07 |
|
|
8.00 |
|
|
|
— |
|
|
— |
|
|
— |
|
|
33.69 |
|
31.14 |
|
|
1,038 |
0.78 |
|
(0.26 |
) |
105 |
|
2019 |
|
27.88 |
|
|
(0.05 |
) |
|
1.14 |
|
|
1.09 |
|
|
|
— |
|
|
(3.28 |
) |
|
(3.28 |
) |
|
25.69 |
|
6.13 |
|
|
144 |
0.85 |
|
(0.19 |
) |
104 |
|
2018 |
|
28.72 |
|
|
(0.10 |
) |
|
2.27 |
|
|
2.17 |
|
|
|
— |
|
|
(3.01 |
) |
|
(3.01 |
) |
|
27.88 |
|
8.24 |
|
|
14,475 |
0.88 |
|
(0.35 |
) |
139 |
|
Class
I | |||||||||||||||||||||||||||||||||||
2022 |
|
43.39 |
|
|
(0.15 |
) |
|
(10.40 |
) |
|
(10.55 |
) |
|
|
— |
|
|
(6.50 |
) |
|
(6.50 |
) |
|
26.34 |
|
(27.86 |
) |
|
132,002 |
0.97 |
|
(0.51 |
) |
65 |
|
2021 |
|
33.38 |
|
|
(0.25 |
) |
|
14.11 |
|
|
13.86 |
|
|
|
(0.09 |
) |
|
(3.76 |
) |
|
(3.85 |
) |
|
43.39 |
|
43.74 |
|
|
305,544 |
0.96 |
|
(0.62 |
) |
97 |
|
2020 |
|
25.51 |
|
|
(0.14 |
) |
|
8.01 |
|
|
7.87 |
|
|
|
— |
|
|
— |
|
|
— |
|
|
33.38 |
|
30.81 |
|
|
168,931 |
0.97 |
|
(0.51 |
) |
105 |
|
2019 |
|
27.79 |
|
|
(0.10 |
) |
|
1.10 |
|
|
1.00 |
|
|
|
— |
|
|
(3.28 |
) |
|
(3.28 |
) |
|
25.51 |
|
5.78 |
|
|
172,242 |
0.98 |
|
(0.41 |
) |
104 |
|
2018 |
|
28.66 |
|
|
(0.13 |
) |
|
2.27 |
|
|
2.14 |
|
|
|
— |
|
|
(3.01 |
) |
|
(3.01 |
) |
|
27.79 |
|
8.14 |
|
|
56,194 |
0.99 |
|
(0.46 |
) |
139 |
|
(a) |
Per
share Net Investment Income (Loss) is calculated using the average daily
shares method. |
(b) |
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. |
(c) |
After
fee waiver and/or expense reimbursement from Nuveen Fund Advisors, where
applicable. |
(d) |
Includes
voluntary compensation from Nuveen Fund Advisors. |
(e) |
Portfolio
Turnover Rate is calculated based on the lesser of long-term purchases or
sales divided by the average long-term market value during the
period. |
|
Investment
Operations |
|
Less
Distributions |
|
|
Ratios/Supplemental
Data | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of |
| |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Net |
| |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of |
Investment |
| |||||||||||||||||||||
|
|
Net |
Net |
|
|
From |
From |
|
|
|
Ending |
Expenses |
Income
(Loss) |
| |||||||||||||||||||||
|
|
Investment |
Realized/ |
|
|
Net |
Accumulated |
|
|
|
Net |
to
Average |
to
Average |
Portfolio | |||||||||||||||||||||
Year
Ended |
Beginning |
Income |
Unrealized |
|
|
Investment |
Net
Realized |
|
Ending |
Total |
Assets |
Net |
Net |
Turnover | |||||||||||||||||||||
October
31: |
NAV |
(Loss)(a) |
Gain
(Loss) |
Total |
|
Income |
Gains |
Total |
NAV |
Return(b) |
(000) |
Assets(c) |
Assets(c)(d) |
Rate(e) | |||||||||||||||||||||
Class
A | |||||||||||||||||||||||||||||||||||
2022 |
$ |
11.89 |
|
$ |
(— |
)(f) |
$ |
(1.83 |
) |
$ |
(1.83 |
) |
|
$ |
— |
|
$ |
(1.89 |
) |
$ |
(1.89 |
) |
$ |
8.17 |
|
(17.84 |
)% |
$ |
56,476 |
1.24 |
% |
(0.05 |
)% |
63 |
% |
2021 |
|
7.83 |
|
|
(0.03 |
) |
|
4.23 |
|
|
4.20 |
|
|
|
(— |
)(f) |
|
(0.14 |
) |
|
(0.14 |
) |
|
11.89 |
|
54.06 |
|
|
78,047 |
1.24 |
|
(0.30 |
) |
91 |
|
2020 |
|
7.71 |
|
|
(— |
)(f) |
|
0.13 |
|
|
0.13 |
|
|
|
(0.01 |
) |
|
— |
|
|
(0.01 |
) |
|
7.83 |
|
1.70 |
|
|
49,513 |
1.24 |
|
(0.05 |
) |
90 |
|
2019 |
|
9.26 |
|
|
(— |
)(f) |
|
0.28 |
|
|
0.28 |
|
|
|
(— |
)(f) |
|
(1.83 |
) |
|
(1.83 |
) |
|
7.71 |
|
6.95 |
|
|
55,849 |
1.24 |
|
0.01 |
|
70 |
|
2018 |
|
10.13 |
|
|
(0.01 |
) |
|
0.35 |
|
|
0.34 |
|
|
|
— |
|
|
(1.21 |
) |
|
(1.21 |
) |
|
9.26 |
|
3.48 |
|
|
60,930 |
1.24 |
|
(0.06 |
) |
95 |
|
Class
R6 | |||||||||||||||||||||||||||||||||||
2022 |
|
16.26 |
|
|
0.04 |
|
|
(2.61 |
) |
|
(2.57 |
) |
|
|
— |
|
|
(1.89 |
) |
|
(1.89 |
) |
|
11.80 |
|
(17.57 |
) |
|
3,135 |
0.86 |
|
0.32 |
|
63 |
|
2021 |
|
10.66 |
|
|
0.01 |
|
|
5.77 |
|
|
5.78 |
|
|
|
(0.04 |
) |
|
(0.14 |
) |
|
(0.18 |
) |
|
16.26 |
|
54.60 |
|
|
2,791 |
0.87 |
|
0.06 |
|
91 |
|
2020 |
|
10.49 |
|
|
0.03 |
|
|
0.20 |
|
|
0.23 |
|
|
|
(0.06 |
) |
|
— |
|
|
(0.06 |
) |
|
10.66 |
|
2.15 |
|
|
1,994 |
0.86 |
|
0.32 |
|
90 |
|
2019 |
|
11.87 |
|
|
0.04 |
|
|
0.44 |
|
|
0.48 |
|
|
|
(0.03 |
) |
|
(1.83 |
) |
|
(1.86 |
) |
|
10.49 |
|
7.22 |
|
|
2,070 |
0.85 |
|
0.36 |
|
70 |
|
2018(g) |
|
11.82 |
|
|
0.02 |
|
|
0.03 |
|
|
0.05 |
|
|
|
— |
|
|
— |
|
|
— |
|
|
11.87 |
|
0.42 |
|
|
6,532 |
0.85 |
(h) |
0.24 |
(h) |
95 |
|
Class
I | |||||||||||||||||||||||||||||||||||
2022 |
|
16.21 |
|
|
0.03 |
|
|
(2.60 |
) |
|
(2.57 |
) |
|
|
— |
|
|
(1.89 |
) |
|
(1.89 |
) |
|
11.75 |
|
(17.63 |
) |
|
53,115 |
0.99 |
|
0.20 |
|
63 |
|
2021 |
|
10.63 |
|
|
(0.01 |
) |
|
5.76 |
|
|
5.75 |
|
|
|
(0.03 |
) |
|
(0.14 |
) |
|
(0.17 |
) |
|
16.21 |
|
54.43 |
|
|
74,479 |
0.99 |
|
(0.04 |
) |
91 |
|
2020 |
|
10.46 |
|
|
0.02 |
|
|
0.19 |
|
|
0.21 |
|
|
|
(0.04 |
) |
|
— |
|
|
(0.04 |
) |
|
10.63 |
|
2.00 |
|
|
31,341 |
0.99 |
|
0.19 |
|
90 |
|
2019 |
|
11.85 |
|
|
0.03 |
|
|
0.44 |
|
|
0.47 |
|
|
|
(0.03 |
) |
|
(1.83 |
) |
|
(1.86 |
) |
|
10.46 |
|
7.13 |
|
|
30,109 |
0.99 |
|
0.26 |
|
70 |
|
2018 |
|
12.60 |
|
|
0.03 |
|
|
0.43 |
|
|
0.46 |
|
|
|
— |
|
|
(1.21 |
) |
|
(1.21 |
) |
|
11.85 |
|
3.77 |
|
|
37,420 |
0.99 |
|
0.21 |
|
95 |
|
(a) |
Per
share Net Investment Income (Loss) is calculated using the average daily
shares method. |
(b) |
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. |
(c) |
After
fee waiver and/or expense reimbursement from Nuveen Fund Advisors, where
applicable. |
(d) |
Includes
voluntary compensation from Nuveen Fund Advisors. |
(e) |
Portfolio
Turnover Rate is calculated based on the lesser of long-term purchases or
sales divided by the average long-term market value during the
period. |
(f) |
Value
rounded to zero. |
(g) |
For
the period February 28, 2018 (commencement of operations) through October
31, 2018. |
(h) |
Annualized. |
Section
5
Financial Highlights |
83 |
|
Investment
Operations |
|
Less
Distributions |
|
|
Ratios/Supplemental
Data | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of |
| |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Net |
| |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of |
Investment |
| |||||||||||||||||||||
|
|
Net |
Net |
|
|
From |
From |
|
|
|
Ending |
Expenses |
Income
(Loss) |
| |||||||||||||||||||||
|
|
Investment |
Realized/ |
|
|
Net |
Accumulated |
|
|
|
Net |
to
Average |
to
Average |
Portfolio | |||||||||||||||||||||
Year
Ended |
Beginning |
Income |
Unrealized |
|
|
Investment |
Net
Realized |
|
Ending |
Total |
Assets |
Net |
Net |
Turnover | |||||||||||||||||||||
October
31: |
NAV |
(Loss)(a) |
Gain
(Loss) |
Total |
|
Income |
Gains |
Total |
NAV |
Return(b) |
(000) |
Assets(c) |
Assets(c)(d) |
Rate(e) | |||||||||||||||||||||
Class
A |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
$ |
28.36 |
|
$ |
0.21 |
|
$ |
(1.90 |
) |
$ |
(1.69 |
) |
|
$ |
(0.15 |
) |
$ |
— |
|
$ |
(0.15 |
) |
$ |
26.52 |
|
(6.00 |
)% |
$ |
113,227 |
1.20 |
% |
0.77 |
% |
31 |
% |
2021 |
|
17.30 |
|
|
0.04 |
|
|
11.09 |
|
|
11.13 |
|
|
|
(0.07 |
) |
|
— |
|
|
(0.07 |
) |
|
28.36 |
|
64.47 |
|
|
138,585 |
1.20 |
|
0.16 |
|
36 |
|
2020 |
|
22.19 |
|
|
0.09 |
|
|
(4.77 |
) |
|
(4.68 |
) |
|
|
(0.21 |
) |
|
— |
|
|
(0.21 |
) |
|
17.30 |
|
(21.33 |
) |
|
105,402 |
1.20 |
|
0.48 |
|
30 |
|
2019 |
|
22.96 |
|
|
0.18 |
|
|
(0.17 |
) |
|
0.01 |
|
|
|
(0.13 |
) |
|
(0.65 |
) |
|
(0.78 |
) |
|
22.19 |
|
0.44 |
|
|
213,819 |
1.20 |
|
0.81 |
|
31 |
|
2018 |
|
25.19 |
|
|
0.12 |
|
|
(2.15 |
) |
|
(2.03 |
) |
|
|
(0.10 |
) |
|
(0.10 |
) |
|
(0.20 |
) |
|
22.96 |
|
(8.12 |
) |
|
291,122 |
1.20 |
|
0.47 |
|
35 |
|
Class
C | |||||||||||||||||||||||||||||||||||
2022 |
|
23.68 |
|
|
— |
(f) |
|
(1.56 |
) |
|
(1.56 |
) |
|
|
(0.13 |
) |
|
— |
|
|
(0.13 |
) |
|
21.99 |
|
(6.70 |
) |
|
21,592 |
1.95 |
|
0.02 |
|
31 |
|
2021 |
|
14.51 |
|
|
(0.13 |
) |
|
9.30 |
|
|
9.17 |
|
|
|
— |
|
|
— |
|
|
— |
|
|
23.68 |
|
63.20 |
|
|
28,500 |
1.95 |
|
(0.62 |
) |
36 |
|
2020 |
|
18.62 |
|
|
(0.04 |
) |
|
(4.03 |
) |
|
(4.07 |
) |
|
|
(0.04 |
) |
|
— |
|
|
(0.04 |
) |
|
14.51 |
|
(21.93 |
) |
|
22,263 |
1.95 |
|
(0.28 |
) |
30 |
|
2019 |
|
19.39 |
|
|
0.01 |
|
|
(0.13 |
) |
|
(0.12 |
) |
|
|
— |
|
|
(0.65 |
) |
|
(0.65 |
) |
|
18.62 |
|
(0.28 |
) |
|
45,920 |
1.95 |
|
0.07 |
|
31 |
|
2018 |
|
21.36 |
|
|
(0.06 |
) |
|
(1.81 |
) |
|
(1.87 |
) |
|
|
— |
|
|
(0.10 |
) |
|
(0.10 |
) |
|
19.39 |
|
(8.80 |
) |
|
70,077 |
1.95 |
|
(0.28 |
) |
35 |
|
Class
R6 | |||||||||||||||||||||||||||||||||||
2022 |
|
29.55 |
|
|
0.33 |
|
|
(1.97 |
) |
|
(1.64 |
) |
|
|
(0.16 |
) |
|
— |
|
|
(0.16 |
) |
|
27.75 |
|
(5.60 |
) |
|
152,178 |
0.81 |
|
1.17 |
|
31 |
|
2021 |
|
18.02 |
|
|
0.12 |
|
|
11.57 |
|
|
11.69 |
|
|
|
(0.16 |
) |
|
— |
|
|
(0.16 |
) |
|
29.55 |
|
65.14 |
|
|
182,835 |
0.81 |
|
0.45 |
|
36 |
|
2020 |
|
23.09 |
|
|
0.15 |
|
|
(4.93 |
) |
|
(4.78 |
) |
|
|
(0.29 |
) |
|
— |
|
|
(0.29 |
) |
|
18.02 |
|
(21.01 |
) |
|
85,491 |
0.76 |
|
0.81 |
|
30 |
|
2019 |
|
23.83 |
|
|
0.29 |
|
|
(0.18 |
) |
|
0.11 |
|
|
|
(0.20 |
) |
|
(0.65 |
) |
|
(0.85 |
) |
|
23.09 |
|
0.90 |
|
|
133,071 |
0.75 |
|
1.26 |
|
31 |
|
2018 |
|
26.09 |
|
|
0.23 |
|
|
(2.22 |
) |
|
(1.99 |
) |
|
|
(0.17 |
) |
|
(0.10 |
) |
|
(0.27 |
) |
|
23.83 |
|
(7.73 |
) |
|
121,943 |
0.78 |
|
0.86 |
|
35 |
|
Class
I | |||||||||||||||||||||||||||||||||||
2022 |
|
29.41 |
|
|
0.29 |
|
|
(1.97 |
) |
|
(1.68 |
) |
|
|
(0.16 |
) |
|
— |
|
|
(0.16 |
) |
|
27.57 |
|
(5.76 |
) |
|
261,581 |
0.95 |
|
1.02 |
|
31 |
|
2021 |
|
17.93 |
|
|
0.11 |
|
|
11.49 |
|
|
11.60 |
|
|
|
(0.12 |
) |
|
— |
|
|
(0.12 |
) |
|
29.41 |
|
64.91 |
|
|
371,179 |
0.95 |
|
0.42 |
|
36 |
|
2020 |
|
23.00 |
|
|
0.16 |
|
|
(4.96 |
) |
|
(4.80 |
) |
|
|
(0.27 |
) |
|
— |
|
|
(0.27 |
) |
|
17.93 |
|
(21.14 |
) |
|
457,676 |
0.95 |
|
0.81 |
|
30 |
|
2019 |
|
23.79 |
|
|
0.24 |
|
|
(0.18 |
) |
|
0.06 |
|
|
|
(0.20 |
) |
|
(0.65 |
) |
|
(0.85 |
) |
|
23.00 |
|
0.69 |
|
|
1,228,912 |
0.95 |
|
1.06 |
|
31 |
|
2018 |
|
26.09 |
|
|
0.19 |
|
|
(2.22 |
) |
|
(2.03 |
) |
|
|
(0.17 |
) |
|
(0.10 |
) |
|
(0.27 |
) |
|
23.79 |
|
(7.88 |
) |
|
1,812,444 |
0.95 |
|
0.71 |
|
35 |
|
(a) |
Per
share Net Investment Income (Loss) is calculated using the average daily
shares method. |
(b) |
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. |
(c) |
After
fee waiver and/or expense reimbursement from Nuveen Fund Advisors, where
applicable. |
(d) |
Includes
voluntary compensation from Nuveen Fund Advisors. |
(e) |
Portfolio
Turnover Rate is calculated based on the lesser of long-term purchases or
sales divided by the average long-term market value during the
period. |
(f) |
Value
rounded to zero. |
MPR-FSTK-0223D |