333 West Wacker Drive, Chicago, Illinois | 60606 | |
(Address of Principal Executive Offices) | (Zip Code) |
Mark
J. Czarniecki
Vice
President and Secretary
901
Marquette Avenue
Minneapolis,
MN 55402
(Name
and Address of Agent for Service) |
Copies
to:
Eric
F. Fess
Chapman
and Cutler LLP
320
South Canal Street
Chicago,
Illinois 60606 |
☐ | immediately upon filing pursuant to paragraph (b) | ☐ | on (date) pursuant to paragraph (a)(1) | |||
☒ | on |
☐ | 75 days after filing pursuant to paragraph (a)(2) | |||
☐ | 60 days after filing pursuant to paragraph (a)(1) | ☐ | on (date) pursuant to paragraph (a)(2) of Rule 485. |
☐ |
This
post-effective amendment designates a new effective date for a previously
filed post-effective amendment. |
The Facing Sheet | ||||
Part A—The Prospectus for Nuveen Global Equity Income Fund, Nuveen Multi Cap Value Fund, Nuveen Large Cap Value Fund, Nuveen Small/Mid Cap Value Fund and Nuveen Small Cap Value Opportunities Fund. | ||||
Part B—The Statement of Additional Information for Nuveen Global Equity Income Fund, Nuveen Multi Cap Value Fund, Nuveen Large Cap Value Fund, Nuveen Small/Mid Cap Value Fund and Nuveen Small Cap Value Opportunities Fund. | ||||
Part C—Other Information | ||||
Signatures | ||||
Exhibit Index | ||||
Exhibits |
Mutual
Funds |
31
October 2022 | |||
Fund
Name |
Class
A |
Class
C |
Class
R6 |
Class
I | |
Nuveen
Global Equity Income Fund |
NQGAX |
NQGCX |
— |
NQGIX | |
Nuveen
International Value Fund |
NAIGX |
NCIGX |
— |
NGRRX | |
Nuveen
Multi Cap Value Fund |
NQVAX |
NQVCX |
— |
NQVRX | |
Nuveen
Large Cap Value Fund |
NQCAX |
NQCCX |
— |
NQCRX | |
Nuveen
Small/Mid Cap Value Fund |
NSMAX |
NSMCX |
NWQFX |
NSMRX | |
Nuveen
Small Cap Value Opportunities Fund |
NSCAX |
NSCCX |
NSCFX |
NSCRX | |
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
| |
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 |
|
% |
|
% |
|
% |
2 |
Section
1
Fund Summaries |
Class
A |
Class
C |
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 |
6 |
Section
1
Fund Summaries |
Class
A Annual Total Return* |
|
|
| ||||||||
|
|
| ||||||||
|
|
| ||||||||
|
|
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) |
|
|
% |
|
|
% |
|
|
% | |
MSCI
World Value Index1 |
|
|
|
|
|
|
|
|
| |
(reflects
reinvested dividends net of withholding taxes but reflects no deduction
for fees, expenses or other taxes) |
|
|
% |
|
|
% |
|
|
% | |
Lipper
Global Equity Income Funds Category Average2 |
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for taxes or sales loads) |
|
|
% |
|
|
% |
|
|
% | |
1 |
An
index that captures large- and mid-cap securities exhibiting overall value
style characteristics across developed markets. | |||||||||
2 |
Represents
the average annualized total return for all reporting funds in the Lipper
Global Equity Income Funds
Category. |
Section
1
Fund Summaries |
7 |
Name |
Title |
Portfolio
Manager of Fund Since |
James
T. Stephenson, CFA |
Managing
Director |
March
2012 |
Thomas
J. Ray, CFA |
Managing
Director |
February
2016 |
Peter
Boardman |
Managing
Director |
July
2022 |
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. |
8 |
Section
1
Fund Summaries |
Class
A |
Class
C |
Class
I |
||||||
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
5.75% |
None |
None |
|||||
Maximum
Deferred Sales Charge (Load) (as a percentage of the lesser of purchase price or redemption proceeds)1 |
None |
1.00% |
None |
|||||
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
None |
None |
None |
|||||
Exchange
Fee |
None |
None |
None |
|||||
Annual
Low Balance Account Fee (for accounts under $1,000)2 |
$15 |
$15 |
$15 |
Class
A |
Class
C |
Class
I |
||||||||||||||
Management
Fees |
0.70 |
% |
0.70 |
% |
0.70 |
% | ||||||||||
Distribution
and/or Service (12b-1) Fees |
0.25 |
% |
1.00 |
% |
0.00 |
% | ||||||||||
Other
Expenses |
0.38 |
% |
0.38 |
% |
0.38 |
% | ||||||||||
Total
Annual Fund Operating Expenses |
1.33 |
% |
2.08 |
% |
1.08 |
% | ||||||||||
Fee
Waivers and/or Expense Reimbursements3 |
(0.19 |
)% |
(0.19 |
)% |
(0.19 |
)% | ||||||||||
Total
Annual Fund Operating Expenses After Fee Waivers and/or Expense
Reimbursements |
1.14 |
% |
1.89 |
% |
0.89 |
% |
Section
1
Fund Summaries |
9 |
Class
A |
Class
C |
Class
I |
|||||||||||
1
Year |
$ |
685 |
$ |
192 |
$ |
91 |
|||||||
3
Years |
$ |
941 |
$ |
619 |
$ |
310 |
|||||||
5
Years |
$ |
1,231 |
$ |
1,087 |
$ |
563 |
|||||||
10
Years |
$ |
2,056 |
$ |
2,383 |
$ |
1,287 |
10 |
Section
1
Fund Summaries |
Section
1
Fund Summaries |
11 |
Class
A Annual Total Return* |
|
|
Average
Annual Total Returns | ||||||||
|
|
for
the Periods Ended | ||||||||
|
|
December
31, 2021 | ||||||||
|
|
1
Year |
5
Years |
10
Years | ||||||
Class
A (return before taxes) |
|
5.66 |
% |
|
4.95 |
% |
|
4.22 |
% | |
Class
A (return after taxes on distributions) |
|
5.00 |
% |
|
4.53 |
% |
|
3.84 |
% | |
Class
A (return after taxes on distributions and sale of Fund shares) |
|
4.39 |
% |
|
4.02 |
% |
|
3.51 |
% | |
Class
C (return before taxes) |
|
11.24 |
% |
|
5.40 |
% |
|
4.21 |
% | |
Class
I (return before taxes) |
|
12.35 |
% |
|
6.47 |
% |
|
5.10 |
% | |
MSCI
EAFE Index1 |
|
|
|
|
|
|
|
|
| |
(reflects
reinvested dividends net of withholding taxes but reflects no deduction
for fees, expenses or other taxes) |
|
11.26 |
% |
|
9.55 |
% |
|
8.03 |
% | |
Lipper
International Multi-Cap Value Funds Category Average2 |
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for taxes or sales loads) |
|
11.65 |
% |
|
6.51 |
% |
|
6.37 |
% | |
1 |
The
MSCI (Morgan Stanley Capital International) EAFE (Europe, Australasia, Far
East) Index is a free float-adjusted market capitalization weighted index
designed to measure developed market equity performance, excluding the
U.S. and Canada. | |||||||||
2 |
Represents
the average annualized total return for all reporting funds in the Lipper
International Multi-Cap Value Funds
Category. |
12 |
Section
1
Fund Summaries |
Name |
Title |
Portfolio
Manager of Fund Since |
Peter
Boardman |
Managing
Director |
June
2009 |
James
T. Stephenson, CFA |
Managing
Director |
March
2018 |
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. |
Section
1
Fund Summaries |
13 |
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 |
||||||||||||||||||||
Excise
Tax Liability |
|
% |
|
% |
|
% | ||||||||||||||
Remainder
of 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 |
|
% |
|
% |
|
% |
14 |
Section
1
Fund Summaries |
Class
A |
Class
C |
Class
I |
||||||||||||||||
1
Year |
$ |
|
$ |
|
$ |
|
||||||||||||
3
Years |
$ |
|
$ |
|
$ |
|
||||||||||||
5
Years |
$ |
|
$ |
|
$ |
|
||||||||||||
10
Years |
$ |
|
$ |
|
$ |
|
Section
1
Fund Summaries |
15 |
16 |
Section
1
Fund Summaries |
Class
A Annual Total Return* |
|
|
| ||||||||
|
|
| ||||||||
|
|
| ||||||||
|
|
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) |
|
|
% |
|
|
% |
|
|
% | |
Russell
3000®
Value Index1 |
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for fees, expenses or taxes) |
|
|
% |
|
|
% |
|
|
% | |
Lipper
Multi-Cap Value Funds Category Average2 |
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for taxes or sales loads) |
|
|
% |
|
|
% |
|
|
% | |
1 |
An
index that measures the performance of those Russell 3000®
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
Multi-Cap Value Funds
Category. |
Section
1
Fund Summaries |
17 |
Name |
Title |
Portfolio
Manager of Fund Since |
Jon
D. Bosse, CFA |
Managing
Director |
November
1997 |
Jujhar
S. Sohi, CFA |
Managing
Director |
October
2019 |
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. |
18 |
Section
1
Fund Summaries |
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 |
|
% |
|
% |
|
% |
Section
1
Fund Summaries |
19 |
Class
A |
Class
C |
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* |
|
|
| ||||||||
|
|
| ||||||||
|
|
| ||||||||
|
|
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) |
|
|
% |
|
|
% |
|
|
% | |
Russell
1000®
Value Index1 |
|
|
|
|
|
|
|
|
| |
(reflects
no deduction for fees, expenses or taxes) |
|
|
% |
|
|
% |
|
|
% | |
Lipper
Multi-Cap Value 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
Multi-Cap Value Funds
Category. |
22 |
Section
1
Fund Summaries |
Name |
Title |
Portfolio
Manager of Fund Since |
Jon
D. Bosse, CFA |
Managing
Director |
December
2006 |
Jujhar
S. Sohi, CFA |
Managing
Director |
October
2019 |
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. |
Section
1
Fund Summaries |
23 |
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 |
|
% |
|
% |
|
% |
|
% |
24 |
Section
1
Fund Summaries |
Class
A |
Class
C |
Class
R6 |
Class
I |
|||||||||||||||
1
Year |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
3
Years |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
5
Years |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
10
Years |
$ |
|
$ |
|
$ |
|
$ |
|
Section
1
Fund Summaries |
25 |
26 |
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
2500™ Value 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 2,500 smallest companies in the
Russell 3000®
Index, which represents approximately 20% of the total market
capitalization of the Russell 3000®
Index. | |||||||||||||||
2 |
Represents
the average annualized total return for all reporting funds in the Lipper
Small-Cap Core Funds
Category. |
Section
1
Fund Summaries |
27 |
Name |
Title |
Portfolio
Manager of Fund Since |
Andrew
C. Hwang |
Managing
Director |
February
2016 |
Thomas
J. Lavia Jr., CFA |
Managing
Director |
July
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. |
28 |
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 |
29 |
Class
A |
Class
C |
Class
R6 |
Class
I |
|||||||||||||||
1
Year |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
3
Years |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
5
Years |
$ |
|
$ |
|
$ |
|
$ |
|
||||||||||
10
Years |
$ |
|
$ |
|
$ |
|
$ |
|
30 |
Section
1
Fund Summaries |
Section
1
Fund Summaries |
31 |
|
|
|
|
|
|
| |||||||||||
|
|
|
|
|
| |||||||||||
|
|
|
|
|
| |||||||||||
|
|
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 Core 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 Core Funds
Category. |
32 |
Section
1
Fund Summaries |
Name |
Title |
Portfolio
Manager of Fund Since |
Andrew
C. Hwang |
Managing
Director |
February
2016 |
Thomas
J. Lavia Jr., CFA |
Managing
Director |
July
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 |
33 |
Who Manages the Funds |
34 |
Section
2
How We Manage Your Money |
Total
Experience (since dates specified below) | |||
Name
& Title |
Experience
Over Past Five Years |
At
Nuveen Asset Management* |
Total |
|
|||
NUVEEN
GLOBAL EQUITY INCOME FUND | |||
|
|||
James
T. Stephenson, CFA Managing Director |
Nuveen
Asset Management (equity portfolio management and research) |
2006 |
1991 |
|
|||
Thomas
J. Ray, CFA Managing Director |
Nuveen
Asset Management (portfolio management and research) |
2015 |
1991 |
|
|||
Peter
Boardman Managing Director |
Nuveen
Asset Management (equity portfolio management and research) |
2003 |
1987 |
NUVEEN
INTERNATIONAL VALUE FUND | |||
|
|||
Peter
Boardman Managing Director |
Nuveen
Asset Management (equity portfolio management and research) |
2003 |
1987 |
|
|||
James
T. Stephenson, CFA Managing Director |
Nuveen
Asset Management (equity portfolio management and research) |
2006 |
1991 |
NUVEEN
MULTI CAP VALUE FUND | |||
|
|||
Jon
D. Bosse, CFA Managing Director |
Nuveen
Asset Management (equity portfolio management and research) |
1996 |
1982 |
|
|||
Jujhar
S. Sohi, CFA Managing Director |
Nuveen
Asset Management (equity portfolio management and research) |
2013 |
2004 |
NUVEEN
LARGE CAP VALUE FUND | |||
|
|||
Jon
D. Bosse, CFA Managing Director |
Nuveen
Asset Management (equity portfolio management and research) |
1996 |
1982 |
|
|||
Jujhar
S. Sohi, CFA Managing Director |
Nuveen
Asset Management (equity portfolio management and research) |
2013 |
2004 |
NUVEEN
SMALL/MID CAP VALUE FUND | |||
|
|||
Andrew
C. Hwang Managing Director |
Nuveen
Asset Management (equity portfolio management and research) |
1998 |
1996 |
|
|||
Thomas
J. Lavia Jr., CFA Managing Director |
Nuveen
Asset Management (portfolio management and research) |
2011 |
1998 |
NUVEEN
SMALL CAP VALUE OPPORTUNITIES FUND | |||
|
|||
Andrew
C. Hwang Managing Director |
Nuveen
Asset Management (equity portfolio management and research) |
1998 |
1996 |
|
|||
Thomas
J. Lavia Jr., CFA Managing Director |
Nuveen
Asset Management (portfolio management and research) |
2011 |
1998 |
Section
2
How We Manage Your Money |
35 |
Average
Daily Net Assets |
Nuveen Global Equity Income Fund |
Nuveen International Value Fund |
Nuveen Multi Cap Value Fund | |
For
the first $125 million |
0.5500% |
0.5500% |
0.5500% | |
For
the next $125 million |
0.5375% |
0.5375% |
0.5375% | |
For
the next $250 million |
0.5250% |
0.5250% |
0.5250% | |
For
the next $500 million |
0.5125% |
0.5125% |
0.5125% | |
For
the next $1 billion |
0.5000% |
0.5000% |
0.5000% | |
For
the next $3 billion |
0.4750% |
0.4750% |
0.4750% | |
For
the next $2.5 billion |
0.4500% |
0.4500% |
0.4500% | |
For
the next $2.5 billion |
0.4375% |
0.4375% |
0.4375% | |
For
net assets over $10 billion |
0.4250% |
0.4250% |
0.4250% |
Average
Daily Net Assets |
Nuveen Large Cap Value Fund |
Nuveen Small/Mid Cap Value Fund |
Nuveen Small Cap Value Opportunities Fund | |
For
the first $125 million |
0.5000% |
0.6000% |
0.6500% | |
For
the next $125 million |
0.4875% |
0.5875% |
0.6375% | |
For
the next $250 million |
0.4750% |
0.5750% |
0.6250% | |
For
the next $500 million |
0.4625% |
0.5625% |
0.6125% | |
For
the next $1 billion |
0.4500% |
0.5500% |
0.6000% | |
For
the next $3 billion |
0.4250% |
0.5250% |
0.5750% | |
For
the next $2.5 billion |
0.4000% |
0.5000% |
0.5500% | |
For
the next $2.5 billion |
0.3875% |
0.4875% |
0.5375% | |
For
net assets over $10 billion |
0.3750% |
0.4750% |
0.5250% |
Nuveen
Global Equity Income Fund |
0.54% |
Nuveen
International Value Fund |
0.51% |
Nuveen
Multi Cap Value Fund |
0.61% |
Nuveen
Large Cap Value Fund |
—* |
Nuveen
Small/Mid Cap Value Fund |
0.44% |
Nuveen
Small Cap Value Opportunities Fund |
0.66% |
36 |
Section
2
How We Manage Your Money |
Nuveen
Global Equity Income Fund |
0.90%
through July 31, 2024 |
Nuveen
International Value Fund |
0.94%
through July 31, 2024 |
Nuveen
Multi Cap Value Fund |
0.94%
through July 31, 2024 |
Nuveen
Large Cap Value Fund |
0.79%
through July 31, 2024 and 1.35% thereafter |
Nuveen
Small/Mid Cap Value Fund |
1.10%
through July 31, 2024 and 1.45% thereafter |
Nuveen
Small Cap Value Opportunities Fund |
0.99%
through July 31, 2024 and 1.50% thereafter |
More
About Our Investment Strategies |
Section
2
How We Manage Your Money |
37 |
38 |
Section
2
How We Manage Your Money |
How
We Select Investments |
What
the Risks Are |
Section
2
How We Manage Your Money |
39 |
40 |
Section
2
How We Manage Your Money |
Section
2
How We Manage Your Money |
41 |
42 |
Section
2
How We Manage Your Money |
Section
2
How We Manage Your Money |
43 |
44 |
Section
2
How We Manage Your Money |
Section
2
How We Manage Your Money |
45 |
46 |
Section
2
How We Manage Your Money |
Section
2
How We Manage Your Money |
47 |
48 |
Section
2
How We Manage Your Money |
Section
2
How We Manage Your Money |
49 |
50 |
Section
2
How We Manage Your Money |
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 |
Section
3
How You Can Buy and Sell Shares |
51 |
52 |
Section
3
How You Can Buy and Sell Shares |
Section
3
How You Can Buy and Sell Shares |
53 |
54 |
Section
3
How You Can Buy and Sell Shares |
How
to Reduce Your Sales Charge |
Section
3
How You Can Buy and Sell Shares |
55 |
56 |
Section
3
How You Can Buy and Sell Shares |
Section
3
How You Can Buy and Sell Shares |
57 |
How
to Buy Shares |
58 |
Section
3
How You Can Buy and Sell Shares |
Special
Services |
Section
3
How You Can Buy and Sell Shares |
59 |
60 |
Section
3
How You Can Buy and Sell Shares |
How
to Sell Shares |
Section
3
How You Can Buy and Sell Shares |
61 |
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. |
62 |
Section
3
How You Can Buy and Sell Shares |
Section
3
How You Can Buy and Sell Shares |
63 |
Dividends, Distributions and Taxes |
64 |
Section
4
General Information |
Distribution
and Service Payments |
Section
4
General Information |
65 |
66 |
Section
4
General Information |
Net
Asset Value |
Section
4
General Information |
67 |
Frequent
Trading |
68 |
Section
4
General Information |
Fund
Service Providers |
Section
4
General Information |
69 |
70 |
Section
4
General Information |
Class
(Commencement Date) |
|
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 | |||||||||||||||||||||
June
30: |
NAV |
(Loss)(a) |
Gain
(Loss) |
Total |
|
Income |
Gains |
Total |
NAV |
Return(b) |
(000) |
Assets(c) |
Assets(c)(d) |
Rate(e) | |||||||||||||||||||||
Class
A | |||||||||||||||||||||||||||||||||||
2022 |
$ |
32.13 |
|
$ |
0.74 |
|
$ |
(4.26 |
) |
$ |
(3.52 |
) |
|
$ |
(1.18 |
) |
$ |
— |
|
$ |
(1.18 |
) |
$ |
27.43 |
|
(11.30 |
)% |
$ |
86,811 |
1.10 |
% |
2.33 |
% |
59 |
% |
2021 |
|
23.44 |
|
|
0.68 |
|
|
8.70 |
|
|
9.38 |
|
|
|
(0.69 |
) |
|
— |
|
|
(0.69 |
) |
|
32.13 |
|
40.43 |
|
|
105,751 |
1.11 |
|
2.44 |
|
42 |
|
2020 |
|
26.59 |
|
|
0.57 |
|
|
(3.10 |
) |
|
(2.53 |
) |
|
|
(0.62 |
) |
|
— |
|
|
(0.62 |
) |
|
23.44 |
|
(9.53 |
) |
|
80,897 |
1.11 |
|
2.37 |
|
53 |
|
2019 |
|
27.45 |
|
|
0.69 |
|
|
(0.20 |
) |
|
0.49 |
|
|
|
(0.72 |
) |
|
(0.63 |
) |
|
(1.35 |
) |
|
26.59 |
|
2.23 |
|
|
103,494 |
1.11 |
|
2.60 |
|
30 |
|
2018 |
|
27.34 |
|
|
0.83 |
|
|
0.12 |
|
|
0.95 |
|
|
|
(0.60 |
) |
|
(0.24 |
) |
|
(0.84 |
) |
|
27.45 |
|
3.42 |
|
|
118,895 |
1.11 |
|
2.92 |
|
31 |
|
Class
C | |||||||||||||||||||||||||||||||||||
2022 |
|
32.06 |
|
|
0.44 |
|
|
(4.19 |
) |
|
(3.75 |
) |
|
|
(0.94 |
) |
|
— |
|
|
(0.94 |
) |
|
27.37 |
|
(11.95 |
) |
|
1,649 |
1.85 |
|
1.37 |
|
59 |
|
2021 |
|
23.40 |
|
|
0.44 |
|
|
8.70 |
|
|
9.14 |
|
|
|
(0.48 |
) |
|
— |
|
|
(0.48 |
) |
|
32.06 |
|
39.34 |
|
|
4,660 |
1.86 |
|
1.64 |
|
42 |
|
2020 |
|
26.54 |
|
|
0.40 |
|
|
(3.11 |
) |
|
(2.71 |
) |
|
|
(0.43 |
) |
|
— |
|
|
(0.43 |
) |
|
23.40 |
|
(10.18 |
) |
|
14,342 |
1.86 |
|
1.61 |
|
53 |
|
2019 |
|
27.39 |
|
|
0.46 |
|
|
(0.16 |
) |
|
0.30 |
|
|
|
(0.52 |
) |
|
(0.63 |
) |
|
(1.15 |
) |
|
26.54 |
|
1.45 |
|
|
37,564 |
1.86 |
|
1.76 |
|
30 |
|
2018 |
|
27.28 |
|
|
0.62 |
|
|
0.11 |
|
|
0.73 |
|
|
|
(0.38 |
) |
|
(0.24 |
) |
|
(0.62 |
) |
|
27.39 |
|
2.65 |
|
|
67,535 |
1.86 |
|
2.16 |
|
31 |
|
Class
I | |||||||||||||||||||||||||||||||||||
2022 |
|
32.14 |
|
|
0.83 |
|
|
(4.28 |
) |
|
(3.45 |
) |
|
|
(1.26 |
) |
|
— |
|
|
(1.26 |
) |
|
27.43 |
|
(11.10 |
) |
|
52,423 |
0.85 |
|
2.61 |
|
59 |
|
2021 |
|
23.45 |
|
|
0.75 |
|
|
8.70 |
|
|
9.45 |
|
|
|
(0.76 |
) |
|
— |
|
|
(0.76 |
) |
|
32.14 |
|
40.76 |
|
|
55,826 |
0.86 |
|
2.69 |
|
42 |
|
2020 |
|
26.60 |
|
|
0.63 |
|
|
(3.10 |
) |
|
(2.47 |
) |
|
|
(0.68 |
) |
|
— |
|
|
(0.68 |
) |
|
23.45 |
|
(9.25 |
) |
|
43,978 |
0.86 |
|
2.62 |
|
53 |
|
2019 |
|
27.46 |
|
|
0.74 |
|
|
(0.18 |
) |
|
0.56 |
|
|
|
(0.79 |
) |
|
(0.63 |
) |
|
(1.42 |
) |
|
26.60 |
|
2.45 |
|
|
63,168 |
0.86 |
|
2.81 |
|
30 |
|
2018 |
|
27.35 |
|
|
0.90 |
|
|
0.12 |
|
|
1.02 |
|
|
|
(0.67 |
) |
|
(0.24 |
) |
|
(0.91 |
) |
|
27.46 |
|
3.69 |
|
|
82,677 |
0.86 |
|
3.15 |
|
31 |
|
(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. The Fund
received voluntary compensation from Nuveen Fund Advisors in amounts that
approximate a portion of the cost of research services obtained from
broker-dealers and research providers if Nuveen Fund Advisors had
purchased the research services directly. Each Ratio of Total Return
includes the effect of the payments from Nuveen Fund Advisors for each
share class as follows: | ||||||||
|
|
|
|
|
|
|
|
|
|
|
Year
Ended June 30: |
Class
A |
Class
C |
Class
I |
| ||||
|
2022 |
|
0.02 |
% |
0.02 |
% |
0.02 |
% |
|
|
2021 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2020 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2019 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2018 |
|
N/A |
|
N/A |
|
N/A |
|
|
(c) |
After
fee waiver and/or expense reimbursement from Nuveen Fund Advisors, where
applicable. | ||||||||
(d) |
Ratios
reflect voluntary compensation from Nuveen Fund Advisors in amounts that
approximate a portion of the cost of research services obtained from
broker-dealers and research providers if Nuveen Fund Advisors had
purchased the research services directly. Each Ratio of Net Investment
Income (Loss) to Average Net Assets includes the effect of the payments
from Nuveen Fund Advisors for each share class as follows: | ||||||||
|
|
|
|
|
|
|
|
|
|
|
Ratios
of Payments from Nuveen Fund Advisors to Average Net Assets |
| |||||||
|
Year
Ended June 30: |
Class
A |
Class
C |
Class
I |
| ||||
|
2022 |
|
0.01 |
% |
0.01 |
% |
0.01 |
% |
|
|
2021 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2020 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2019 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2018 |
|
N/A |
|
N/A |
|
N/A |
|
|
(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. | ||||||||
N/A |
Fund
did not have Payments from Nuveen Fund Advisors for periods prior to the
fiscal year ended June 30, 2022.
|
Section
5
Financial Highlights |
71 |
Class
(Commencement Date) |
|
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 | |||||||||||||||||||||
June
30: |
NAV |
(Loss)(a) |
Gain
(Loss) |
Total |
|
Income |
Gains |
Total |
NAV |
Return(b) |
(000) |
Assets(c) |
Assets(c)(d) |
Rate(e) | |||||||||||||||||||||
Class
A | |||||||||||||||||||||||||||||||||||
2022 |
$ |
27.73 |
|
$ |
0.60 |
|
$ |
(4.05 |
) |
$ |
(3.45 |
) |
|
$ |
(1.08 |
) |
$ |
— |
|
$ |
(1.08 |
) |
$ |
23.20 |
|
(12.90 |
)% |
$ |
19,329 |
1.14 |
% |
2.26 |
% |
28 |
% |
2021 |
|
20.17 |
|
|
0.70 |
|
|
7.34 |
|
|
8.04 |
|
|
|
(0.48 |
) |
|
— |
|
|
(0.48 |
) |
|
27.73 |
|
40.20 |
|
|
22,153 |
1.15 |
|
2.88 |
|
24 |
|
2020 |
|
23.39 |
|
|
0.32 |
|
|
(2.83 |
) |
|
(2.51 |
) |
|
|
(0.71 |
) |
|
— |
|
|
(0.71 |
) |
|
20.17 |
|
(11.24 |
) |
|
17,579 |
1.15 |
|
1.55 |
|
22 |
|
2019 |
|
25.16 |
|
|
0.50 |
|
|
(2.01 |
) |
|
(1.51 |
) |
|
|
(0.26 |
) |
|
— |
|
|
(0.26 |
) |
|
23.39 |
|
(5.90 |
) |
|
23,088 |
1.15 |
|
2.11 |
|
14 |
|
2018 |
|
24.91 |
|
|
0.38 |
|
|
0.62 |
|
|
1.00 |
|
|
|
(0.75 |
) |
|
— |
|
|
(0.75 |
) |
|
25.16 |
|
3.92 |
|
|
26,710 |
1.15 |
|
1.46 |
|
17 |
|
Class
C | |||||||||||||||||||||||||||||||||||
2022 |
|
26.37 |
|
|
0.35 |
|
|
(3.80 |
) |
|
(3.45 |
) |
|
|
(1.03 |
) |
|
— |
|
|
(1.03 |
) |
|
21.89 |
|
(13.58 |
) |
|
266 |
1.89 |
|
1.41 |
|
28 |
|
2021 |
|
19.20 |
|
|
0.43 |
|
|
7.04 |
|
|
7.47 |
|
|
|
(0.30 |
) |
|
— |
|
|
(0.30 |
) |
|
26.37 |
|
39.17 |
|
|
365 |
1.90 |
|
1.93 |
|
24 |
|
2020 |
|
22.28 |
|
|
0.16 |
|
|
(2.73 |
) |
|
(2.57 |
) |
|
|
(0.51 |
) |
|
— |
|
|
(0.51 |
) |
|
19.20 |
|
(11.88 |
) |
|
963 |
1.90 |
|
0.76 |
|
22 |
|
2019 |
|
23.94 |
|
|
0.25 |
|
|
(1.84 |
) |
|
(1.59 |
) |
|
|
(0.07 |
) |
|
— |
|
|
(0.07 |
) |
|
22.28 |
|
(6.68 |
) |
|
3,055 |
1.90 |
|
1.14 |
|
14 |
|
2018 |
|
23.70 |
|
|
0.17 |
|
|
0.61 |
|
|
0.78 |
|
|
|
(0.54 |
) |
|
— |
|
|
(0.54 |
) |
|
23.94 |
|
3.20 |
|
|
9,986 |
1.90 |
|
0.68 |
|
17 |
|
Class
I | |||||||||||||||||||||||||||||||||||
2022 |
|
27.87 |
|
|
0.64 |
|
|
(4.05 |
) |
|
(3.41 |
) |
|
|
(1.09 |
) |
|
— |
|
|
(1.09 |
) |
|
23.37 |
|
(12.71 |
) |
|
64,558 |
0.89 |
|
2.38 |
|
28 |
|
2021 |
|
20.27 |
|
|
0.75 |
|
|
7.38 |
|
|
8.13 |
|
|
|
(0.53 |
) |
|
— |
|
|
(0.53 |
) |
|
27.87 |
|
40.51 |
|
|
99,311 |
0.90 |
|
3.10 |
|
24 |
|
2020 |
|
23.50 |
|
|
0.36 |
|
|
(2.82 |
) |
|
(2.46 |
) |
|
|
(0.77 |
) |
|
— |
|
|
(0.77 |
) |
|
20.27 |
|
(11.00 |
) |
|
91,781 |
0.90 |
|
1.68 |
|
22 |
|
2019 |
|
25.29 |
|
|
0.58 |
|
|
(2.04 |
) |
|
(1.46 |
) |
|
|
(0.33 |
) |
|
— |
|
|
(0.33 |
) |
|
23.50 |
|
(5.67 |
) |
|
218,300 |
0.90 |
|
2.48 |
|
14 |
|
2018 |
|
25.03 |
|
|
0.46 |
|
|
0.62 |
|
|
1.08 |
|
|
|
(0.82 |
) |
|
— |
|
|
(0.82 |
) |
|
25.29 |
|
4.20 |
|
|
251,067 |
0.90 |
|
1.76 |
|
17 |
|
(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. The Fund
received voluntary compensation from Nuveen Fund Advisors in amounts that
approximate a portion of the cost of research services obtained from
broker-dealers and research providers if Nuveen Fund Advisors had
purchased the research services directly. Each Ratio of Total Return
includes the effect of the payments from Nuveen Fund Advisors for each
share class as follows: | ||||||||
|
|
|
|
|
|
|
|
|
|
|
Year
Ended June 30: |
Class
A |
Class
C |
Class
I |
| ||||
|
2022 |
|
— |
% |
— |
% |
— |
% |
|
|
2021 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2020 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2019 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2018 |
|
N/A |
|
N/A |
|
N/A |
|
|
(c) |
After
fee waiver and/or expense reimbursement from Nuveen Fund Advisors, where
applicable. | ||||||||
(d) |
Ratios
reflect voluntary compensation from Nuveen Fund Advisors in amounts that
approximate a portion of the cost of research services obtained from
broker-dealers and research providers if Nuveen Fund Advisors had
purchased the research services directly. Each Ratio of Net Investment
Income (Loss) to Average Net Assets includes the effect of the payments
from Nuveen Fund Advisors for each share class as follows: | ||||||||
|
|
|
|
|
|
|
|
|
|
|
Ratios
of Payments from Nuveen Fund Advisors to Average Net Assets |
| |||||||
|
Year
Ended June 30: |
Class
A |
Class
C |
Class
I |
| ||||
|
2022 |
|
0.01 |
% |
0.01 |
% |
0.01 |
% |
|
|
2021 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2020 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2019 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2018 |
|
N/A |
|
N/A |
|
N/A |
|
|
(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. | ||||||||
N/A |
Fund
did not have Payments from Nuveen Fund Advisors for periods prior to the
fiscal year ended June 30, 2022.
|
72 |
Section
5
Financial Highlights |
Class
(Commencement Date) |
|
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 |
Return |
|
|
|
Net |
to
Average |
to
Average |
Portfolio | |||||||||||||||||||||||
Year
Ended |
Beginning |
Income |
Unrealized |
|
|
Investment |
Net
Realized |
of |
|
Ending |
Total |
Assets |
Net |
Net |
Turnover | |||||||||||||||||||||||
June
30: |
NAV |
(Loss)(a) |
Gain
(Loss) |
Total |
|
Income |
Gains |
Capital |
Total |
NAV |
Return(b) |
(000) |
Assets(c) |
Assets(c)(d) |
Rate(e) | |||||||||||||||||||||||
Class
A | ||||||||||||||||||||||||||||||||||||||
2022 |
$ |
41.46 |
|
$ |
0.26 |
|
$ |
(3.73 |
) |
$ |
(3.47 |
) |
|
$ |
(0.51 |
) |
$ |
— |
|
$ |
— |
|
$ |
(0.51 |
) |
$ |
37.48 |
|
(8.49 |
)% |
$ |
40,006 |
1.25 |
% |
0.62 |
% |
34 |
% |
2021 |
|
27.13 |
|
|
0.22 |
|
|
15.15 |
|
|
15.37 |
|
|
|
(0.69 |
) |
|
— |
|
|
(0.35 |
) |
|
(1.04 |
) |
|
41.46 |
|
57.70 |
|
|
43,489 |
1.15 |
|
0.64 |
|
58 |
|
2020 |
|
32.55 |
|
|
0.66 |
|
|
(5.70 |
) |
|
(5.04 |
) |
|
|
(0.38 |
) |
|
— |
|
|
— |
|
|
(0.38 |
) |
|
27.13 |
|
(15.73 |
) |
|
29,133 |
1.15 |
|
2.30 |
|
54 |
|
2019 |
|
31.84 |
|
|
0.26 |
|
|
0.45 |
|
|
0.71 |
|
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
32.55 |
|
2.23 |
|
|
42,199 |
1.15 |
|
0.84 |
|
23 |
|
2018(f) |
|
29.15 |
|
|
(0.18 |
) |
|
3.42 |
|
|
3.24 |
|
|
|
(0.55 |
) |
|
— |
|
|
— |
|
|
(0.55 |
) |
|
31.84 |
|
11.14 |
|
|
30,003 |
1.15 |
|
(0.58 |
) |
118 |
|
Class
C | ||||||||||||||||||||||||||||||||||||||
2022 |
|
38.66 |
|
|
(0.05 |
) |
|
(3.45 |
) |
|
(3.50 |
) |
|
|
(0.47 |
) |
|
— |
|
|
— |
|
|
(0.47 |
) |
|
34.69 |
|
(9.17 |
) |
|
1,168 |
2.00 |
|
(0.13 |
) |
34 |
|
2021 |
|
25.32 |
|
|
(0.03 |
) |
|
14.14 |
|
|
14.11 |
|
|
|
(0.42 |
) |
|
— |
|
|
(0.35 |
) |
|
(0.77 |
) |
|
38.66 |
|
56.54 |
|
|
1,347 |
1.90 |
|
(0.09 |
) |
58 |
|
2020 |
|
30.40 |
|
|
0.42 |
|
|
(5.37 |
) |
|
(4.95 |
) |
|
|
(0.13 |
) |
|
— |
|
|
— |
|
|
(0.13 |
) |
|
25.32 |
|
(16.37 |
) |
|
1,632 |
1.90 |
|
1.56 |
|
54 |
|
2019 |
|
29.97 |
|
|
(0.02 |
) |
|
0.45 |
|
|
0.43 |
|
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
30.40 |
|
1.43 |
|
|
2,672 |
1.90 |
|
(0.06 |
) |
23 |
|
2018(f) |
|
27.46 |
|
|
(0.37 |
) |
|
3.19 |
|
|
2.82 |
|
|
|
(0.31 |
) |
|
— |
|
|
— |
|
|
(0.31 |
) |
|
29.97 |
|
10.29 |
|
|
21,143 |
1.90 |
|
(1.29 |
) |
118 |
|
Class
I | ||||||||||||||||||||||||||||||||||||||
2022 |
|
41.84 |
|
|
0.36 |
|
|
(3.76 |
) |
|
(3.40 |
) |
|
|
(0.52 |
) |
|
— |
|
|
— |
|
|
(0.52 |
) |
|
37.92 |
|
(8.26 |
) |
|
38,624 |
1.00 |
|
0.87 |
|
34 |
|
2021 |
|
27.37 |
|
|
0.30 |
|
|
15.30 |
|
|
15.60 |
|
|
|
(0.78 |
) |
|
— |
|
|
(0.35 |
) |
|
(1.13 |
) |
|
41.84 |
|
58.09 |
|
|
37,441 |
0.90 |
|
0.88 |
|
58 |
|
2020 |
|
32.83 |
|
|
0.75 |
|
|
(5.75 |
) |
|
(5.00 |
) |
|
|
(0.46 |
) |
|
— |
|
|
— |
|
|
(0.46 |
) |
|
27.37 |
|
(15.51 |
) |
|
24,403 |
0.90 |
|
2.56 |
|
54 |
|
2019 |
|
32.03 |
|
|
0.34 |
|
|
0.46 |
|
|
0.80 |
|
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
32.83 |
|
2.50 |
|
|
38,712 |
0.90 |
|
1.08 |
|
23 |
|
2018(f) |
|
29.33 |
|
|
(0.11 |
) |
|
3.43 |
|
|
3.32 |
|
|
|
(0.62 |
) |
|
— |
|
|
— |
|
|
(0.62 |
) |
|
32.03 |
|
11.37 |
|
|
40,008 |
0.90 |
|
(0.35 |
) |
118 |
|
(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. The Fund
received voluntary compensation from Nuveen Fund Advisors in amounts that
approximate a portion of the cost of research services obtained from
broker-dealers and research providers if Nuveen Fund Advisors had
purchased the research services directly. Each Ratio of Total Return
includes the effect of the payments from Nuveen Fund Advisors for each
share class as follows: | |||||||||||
|
|
|
|
|
|
|
|
|
|
| ||
|
Year
Ended June 30: |
Class
A |
Class
C |
Class
I |
| |||||||
|
2022 |
|
|
0.06 |
% |
0.06 |
% |
0.06 |
% |
| ||
|
2021 |
|
|
N/A |
|
N/A |
|
N/A |
|
| ||
|
2020 |
|
|
N/A |
|
N/A |
|
N/A |
|
| ||
|
2019 |
|
|
N/A |
|
N/A |
|
N/A |
|
| ||
|
2018 |
|
|
N/A |
|
N/A |
|
N/A |
|
| ||
(c) |
After
fee waiver and/or expense reimbursement from Nuveen Fund Advisors, where
applicable. | |||||||||||
(d) |
Ratios
reflect voluntary compensation from Nuveen Fund Advisors in amounts that
approximate a portion of the cost of research services obtained from
broker-dealers and research providers if Nuveen Fund Advisors had
purchased the research services directly. Each Ratio of Net Investment
Income (Loss) to Average Net Assets includes the effect of the payments
from Nuveen Fund Advisors for each share class as follows: | |||||||||||
|
|
|
|
|
|
|
|
|
|
| ||
|
Ratios
of Payments from Nuveen Fund Advisors to Average Net Assets |
| ||||||||||
|
Year
Ended June 30: |
Class
A |
Class
C |
Class
I |
| |||||||
|
2022 |
|
|
0.06 |
% |
0.06 |
% |
0.06 |
% |
| ||
|
2021 |
|
|
N/A |
|
N/A |
|
N/A |
|
| ||
|
2020 |
|
|
N/A |
|
N/A |
|
N/A |
|
| ||
|
2019 |
|
|
N/A |
|
N/A |
|
N/A |
|
| ||
|
2018 |
|
|
N/A |
|
N/A |
|
N/A |
|
| ||
(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) |
Per
share Net investment income (Loss) and Net Investment Income (Loss) to
Average Net Assets ratios include a change in estimated return of capital
recorded by the Fund during the fiscal year ended June 30, 2018. Such
change in estimate occurred upon receiving the reporting of the actual
character of the dividends received from the issuers of certain
securities. If such change in estimate were excluded, per share Net
Investment Income (Loss) and the ratios of Net Investment Income (Loss) to
Average Net Assets for each share class would have been as
follows: | |||||||||||
|
|
|
|
|
|
|
|
|
|
| ||
|
|
Per
Share |
Ratios
of Net Investment Income |
|
|
| ||||||
|
|
Net
Investment |
(Loss)
to Average Net Assets |
|
|
| ||||||
|
|
Income
(Loss)(a)(c) |
After
Reimbursement(c) |
|
|
| ||||||
|
Class
A |
|
$0.21 |
0.69 |
% |
|
|
|
|
| ||
|
Class
C |
|
(0.01) |
(0.03 |
) |
|
|
|
|
| ||
|
Class
I |
|
0.28 |
0.92 |
|
|
|
|
| |||
N/A |
Fund
did not have Payments from Nuveen Fund Advisors for periods prior to the
fiscal year ended June 30, 2022.
|
Section
5
Financial Highlights |
73 |
Class
(Commencement Date) |
|
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 | |||||||||||||||||||||
June
30: |
NAV |
(Loss)(a) |
Gain
(Loss) |
Total |
|
Income |
Gains |
Total |
NAV |
Return(b) |
(000) |
Assets(c) |
Assets(c)(d) |
Rate(e) | |||||||||||||||||||||
Class
A | |||||||||||||||||||||||||||||||||||
2022 |
$ |
4.84 |
|
$ |
0.06 |
|
$ |
(0.22 |
) |
$ |
(0.16 |
) |
|
$ |
(0.05 |
) |
$ |
(0.83 |
) |
$ |
(0.88 |
) |
$ |
3.80 |
|
(4.84 |
)% |
$ |
6,927 |
0.99 |
% |
1.26 |
% |
35 |
% |
2021 |
|
3.96 |
|
|
0.03 |
|
|
1.57 |
|
|
1.60 |
|
|
|
(0.15 |
) |
|
(0.57 |
) |
|
(0.72 |
) |
|
4.84 |
|
44.10 |
|
|
5,419 |
1.00 |
|
0.79 |
|
42 |
|
2020 |
|
5.15 |
|
|
0.12 |
|
|
(0.62 |
) |
|
(0.50 |
) |
|
|
(0.09 |
) |
|
(0.60 |
) |
|
(0.69 |
) |
|
3.96 |
|
(12.08 |
) |
|
4,233 |
1.00 |
|
2.56 |
|
59 |
|
2019 |
|
6.72 |
|
|
0.07 |
|
|
(0.19 |
) |
|
(0.12 |
) |
|
|
(0.03 |
) |
|
(1.42 |
) |
|
(1.45 |
) |
|
5.15 |
|
1.96 |
|
|
4,395 |
1.00 |
|
1.26 |
|
35 |
|
2018 |
|
7.88 |
|
|
0.06 |
|
|
0.61 |
|
|
0.67 |
|
|
|
(0.17 |
) |
|
(1.66 |
) |
|
(1.83 |
) |
|
6.72 |
|
8.71 |
|
|
4,556 |
1.00 |
|
0.83 |
|
48 |
|
Class
C | |||||||||||||||||||||||||||||||||||
2022 |
|
3.88 |
|
|
0.02 |
|
|
(0.15 |
) |
|
(0.13 |
) |
|
|
(0.04 |
) |
|
(0.83 |
) |
|
(0.87 |
) |
|
2.88 |
|
(5.24 |
) |
|
951 |
1.74 |
|
0.47 |
|
35 |
|
2021 |
|
3.28 |
|
|
0.01 |
|
|
1.26 |
|
|
1.27 |
|
|
|
(0.10 |
) |
|
(0.57 |
) |
|
(0.67 |
) |
|
3.88 |
|
42.65 |
|
|
1,368 |
1.75 |
|
0.19 |
|
42 |
|
2020 |
|
4.36 |
|
|
0.07 |
|
|
(0.51 |
) |
|
(0.44 |
) |
|
|
(0.04 |
) |
|
(0.60 |
) |
|
(0.64 |
) |
|
3.28 |
|
(12.62 |
) |
|
1,758 |
1.75 |
|
1.82 |
|
59 |
|
2019 |
|
5.95 |
|
|
0.02 |
|
|
(0.19 |
) |
|
(0.17 |
) |
|
|
— |
|
|
(1.42 |
) |
|
(1.42 |
) |
|
4.36 |
|
1.21 |
|
|
2,882 |
1.75 |
|
0.48 |
|
35 |
|
2018 |
|
7.16 |
|
|
0.01 |
|
|
0.54 |
|
|
0.55 |
|
|
|
(0.10 |
) |
|
(1.66 |
) |
|
(1.76 |
) |
|
5.95 |
|
7.86 |
|
|
4,275 |
1.75 |
|
0.08 |
|
48 |
|
Class
I | |||||||||||||||||||||||||||||||||||
2022 |
|
4.87 |
|
|
0.07 |
|
|
(0.22 |
) |
|
(0.15 |
) |
|
|
(0.05 |
) |
|
(0.83 |
) |
|
(0.88 |
) |
|
3.84 |
|
(4.55 |
) |
|
11,112 |
0.74 |
|
1.50 |
|
35 |
|
2021 |
|
3.98 |
|
|
0.05 |
|
|
1.57 |
|
|
1.62 |
|
|
|
(0.16 |
) |
|
(0.57 |
) |
|
(0.73 |
) |
|
4.87 |
|
44.50 |
|
|
13,008 |
0.75 |
|
1.11 |
|
42 |
|
2020 |
|
5.17 |
|
|
0.13 |
|
|
(0.62 |
) |
|
(0.49 |
) |
|
|
(0.10 |
) |
|
(0.60 |
) |
|
(0.70 |
) |
|
3.98 |
|
(11.81 |
) |
|
13,196 |
0.75 |
|
2.81 |
|
59 |
|
2019 |
|
6.75 |
|
|
0.08 |
|
|
(0.19 |
) |
|
(0.11 |
) |
|
|
(0.05 |
) |
|
(1.42 |
) |
|
(1.47 |
) |
|
5.17 |
|
2.13 |
|
|
38,538 |
0.75 |
|
1.46 |
|
35 |
|
2018 |
|
7.91 |
|
|
0.08 |
|
|
0.61 |
|
|
0.69 |
|
|
|
(0.19 |
) |
|
(1.66 |
) |
|
(1.85 |
) |
|
6.75 |
|
8.96 |
|
|
60,371 |
0.75 |
|
1.08 |
|
48 |
|
(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. The Fund
received voluntary compensation from Nuveen Fund Advisors in amounts that
approximate a portion of the cost of research services obtained from
broker-dealers and research providers if Nuveen Fund Advisors had
purchased the research services directly. Each Ratio of Total Return
includes the effect of the payments from Nuveen Fund Advisors for each
share class as follows: | ||||||||
|
|
|
|
|
|
|
|
|
|
|
Year
Ended June 30: |
Class
A |
Class
C |
Class
I |
| ||||
|
2022 |
|
0.02 |
% |
0.03 |
% |
0.02 |
% |
|
|
2021 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2020 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2019 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2018 |
|
N/A |
|
N/A |
|
N/A |
|
|
(c) |
After
fee waiver and/or expense reimbursement from Nuveen Fund Advisors, where
applicable. | ||||||||
(d) |
Ratios
reflect voluntary compensation from Nuveen Fund Advisors in amounts that
approximate a portion of the cost of research services obtained from
broker-dealers and research providers if Nuveen Fund Advisors had
purchased the research services directly. Each Ratio of Net Investment
Income (Loss) to Average Net Assets includes the effect of the payments
from Nuveen Fund Advisors for each share class as follows: | ||||||||
|
|
|
|
|
|
|
|
|
|
|
Ratios
of Payments from Nuveen Fund Advisors to Average Net Assets |
| |||||||
|
Year
Ended June 30: |
Class
A |
Class
C |
Class
I |
| ||||
|
2022 |
|
0.02 |
% |
0.02 |
% |
0.02 |
% |
|
|
2021 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2020 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2019 |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2018 |
|
N/A |
|
N/A |
|
N/A |
|
|
(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. | ||||||||
N/A |
Fund
did not have Payments from Nuveen Fund Advisors for periods prior to the
fiscal year ended June 30, 2022. |
74 |
Section
5
Financial Highlights |
Class
(Commencement Date) |
|
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 | |||||||||||||||||||||
June
30: |
NAV |
(Loss)(a) |
Gain
(Loss) |
Total |
|
Income |
Gains |
Total |
NAV |
Return(b) |
(000) |
Assets(c) |
Assets(c)(d) |
Rate(e) | |||||||||||||||||||||
Class
A | |||||||||||||||||||||||||||||||||||
2022 |
$ |
32.13 |
|
$ |
0.03 |
|
$ |
(2.89 |
) |
$ |
(2.86 |
) |
|
$ |
(0.11 |
) |
$ |
(4.56 |
) |
$ |
(4.67 |
) |
$ |
24.60 |
|
(10.81 |
)% |
$ |
3,003 |
1.30 |
% |
0.10 |
% |
42 |
% |
2021 |
|
20.05 |
|
|
0.01 |
|
|
12.13 |
|
|
12.14 |
|
|
|
(0.06 |
) |
|
— |
|
|
(0.06 |
) |
|
32.13 |
|
60.64 |
|
|
3,321 |
1.31 |
|
0.06 |
|
57 |
|
2020 |
|
23.47 |
|
|
0.11 |
|
|
(3.45 |
) |
|
(3.34 |
) |
|
|
(0.08 |
) |
|
— |
|
|
(0.08 |
) |
|
20.05 |
|
(14.29 |
) |
|
2,599 |
1.31 |
|
0.54 |
|
58 |
|
2019 |
|
36.02 |
|
|
0.08 |
|
|
(3.94 |
) |
|
(3.86 |
) |
|
|
— |
|
|
(8.69 |
) |
|
(8.69 |
) |
|
23.47 |
|
(6.42 |
) |
|
3,137 |
1.31 |
|
0.29 |
|
54 |
|
2018 |
|
33.23 |
|
|
(0.08 |
) |
|
4.61 |
|
|
4.53 |
|
|
|
(0.01 |
) |
|
(1.73 |
) |
|
(1.74 |
) |
|
36.02 |
|
13.98 |
|
|
4,512 |
1.31 |
|
(0.24 |
) |
49 |
|
Class
C | |||||||||||||||||||||||||||||||||||
2022 |
|
27.57 |
|
|
(0.17 |
) |
|
(2.37 |
) |
|
(2.54 |
) |
|
|
(0.09 |
) |
|
(4.56 |
) |
|
(4.65 |
) |
|
20.38 |
|
(11.48 |
) |
|
341 |
2.05 |
|
(0.67 |
) |
42 |
|
2021 |
|
17.29 |
|
|
(0.14 |
) |
|
10.42 |
|
|
10.28 |
|
|
|
— |
|
|
— |
|
|
— |
|
|
27.57 |
|
59.46 |
|
|
538 |
2.06 |
|
(0.65 |
) |
57 |
|
2020 |
|
20.33 |
|
|
(0.03 |
) |
|
(3.01 |
) |
|
(3.04 |
) |
|
|
— |
|
|
— |
|
|
— |
|
|
17.29 |
|
(14.95 |
) |
|
763 |
2.06 |
|
(0.19 |
) |
58 |
|
2019 |
|
32.87 |
|
|
(0.12 |
) |
|
(3.73 |
) |
|
(3.85 |
) |
|
|
— |
|
|
(8.69 |
) |
|
(8.69 |
) |
|
20.33 |
|
(7.13 |
) |
|
1,374 |
2.06 |
|
(0.47 |
) |
54 |
|
2018 |
|
30.68 |
|
|
(0.32 |
) |
|
4.24 |
|
|
3.92 |
|
|
|
— |
|
|
(1.73 |
) |
|
(1.73 |
) |
|
32.87 |
|
13.12 |
|
|
3,194 |
2.06 |
|
(0.99 |
) |
49 |
|
Class
R6 | |||||||||||||||||||||||||||||||||||
2022 |
|
33.06 |
|
|
0.16 |
|
|
(3.01 |
) |
|
(2.85 |
) |
|
|
(0.11 |
) |
|
(4.56 |
) |
|
(4.67 |
) |
|
25.54 |
|
(10.44 |
) |
|
16,015 |
0.88 |
|
0.53 |
|
42 |
|
2021 |
|
20.64 |
|
|
0.10 |
|
|
12.49 |
|
|
12.59 |
|
|
|
(0.17 |
) |
|
— |
|
|
(0.17 |
) |
|
33.06 |
|
61.19 |
|
|
19,155 |
0.95 |
|
0.37 |
|
57 |
|
2020 |
|
24.15 |
|
|
0.21 |
|
|
(3.54 |
) |
|
(3.33 |
) |
|
|
(0.18 |
) |
|
— |
|
|
(0.18 |
) |
|
20.64 |
|
(13.93 |
) |
|
8,747 |
0.88 |
|
0.96 |
|
58 |
|
2019 |
|
36.62 |
|
|
0.20 |
|
|
(3.98 |
) |
|
(3.78 |
) |
|
|
— |
|
|
(8.69 |
) |
|
(8.69 |
) |
|
24.15 |
|
(6.03 |
) |
|
9,691 |
0.90 |
|
0.72 |
|
54 |
|
2018 |
|
33.70 |
|
|
0.06 |
|
|
4.69 |
|
|
4.75 |
|
|
|
(0.10 |
) |
|
(1.73 |
) |
|
(1.83 |
) |
|
36.62 |
|
14.44 |
|
|
9,629 |
0.89 |
|
0.17 |
|
49 |
|
Class
I | |||||||||||||||||||||||||||||||||||
2022 |
|
32.86 |
|
|
0.10 |
|
|
(2.97 |
) |
|
(2.87 |
) |
|
|
(0.11 |
) |
|
(4.56 |
) |
|
(4.67 |
) |
|
25.32 |
|
(10.57 |
) |
|
15,577 |
1.05 |
|
0.34 |
|
42 |
|
2021 |
|
20.49 |
|
|
0.07 |
|
|
12.42 |
|
|
12.49 |
|
|
|
(0.12 |
) |
|
— |
|
|
(0.12 |
) |
|
32.86 |
|
61.03 |
|
|
23,554 |
1.06 |
|
0.26 |
|
57 |
|
2020 |
|
23.99 |
|
|
0.19 |
|
|
(3.55 |
) |
|
(3.36 |
) |
|
|
(0.14 |
) |
|
— |
|
|
(0.14 |
) |
|
20.49 |
|
(14.07 |
) |
|
8,457 |
1.06 |
|
0.89 |
|
58 |
|
2019 |
|
36.50 |
|
|
0.16 |
|
|
(3.98 |
) |
|
(3.82 |
) |
|
|
— |
|
|
(8.69 |
) |
|
(8.69 |
) |
|
23.99 |
|
(6.19 |
) |
|
8,874 |
1.06 |
|
0.55 |
|
54 |
|
2018 |
|
33.65 |
|
|
0.01 |
|
|
4.67 |
|
|
4.68 |
|
|
|
(0.10 |
) |
|
(1.73 |
) |
|
(1.83 |
) |
|
36.50 |
|
14.25 |
|
|
20,522 |
1.06 |
|
0.02 |
|
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. The Fund
received voluntary compensation from Nuveen Fund Advisors in amounts that
approximate a portion of the cost of research services obtained from
broker-dealers and research providers if Nuveen Fund Advisors had
purchased the research services directly. Each Ratio of Total Return
includes the effect of the payments from Nuveen Fund Advisors for each
share class as follows: | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Year
Ended June 30: |
Class
A |
Class
C |
Class
R6 |
Class
I |
| |||||
|
2022 |
|
0.06 |
% |
0.06 |
% |
0.05 |
% |
0.06 |
% |
|
|
2021 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2020 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2019 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2018 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
(c) |
After
fee waiver and/or expense reimbursement from Nuveen Fund Advisors, where
applicable. | ||||||||||
(d) |
Ratios
reflect voluntary compensation from Nuveen Fund Advisors in amounts that
approximate a portion of the cost of research services obtained from
broker-dealers and research providers if Nuveen Fund Advisors had
purchased the research services directly. Each Ratio of Net Investment
Income (Loss) to Average Net Assets includes the effect of the payments
from Nuveen Fund Advisors for each share class as follows: | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of Payments from Nuveen Fund Advisors to Average Net Assets |
| |||||||||
|
Year
Ended June 30: |
Class
A |
Class
C |
Class
R6 |
Class
I |
| |||||
|
2022 |
|
0.05 |
% |
0.05 |
% |
0.05 |
% |
0.05 |
% |
|
|
2021 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2020 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2019 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2018 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
(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. | ||||||||||
N/A |
Fund
did not have Payments from Nuveen Fund Advisors for periods prior to the
fiscal year ended June 30, 2022. |
Section
5
Financial Highlights |
75 |
Class
(Commencement Date) |
|
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 | |||||||||||||||||||||
June
30: |
NAV |
(Loss)(a) |
Gain
(Loss) |
Total |
|
Income |
Gains |
Total |
NAV |
Return(b) |
(000) |
Assets(c) |
Assets(c)(d) |
Rate(e) | |||||||||||||||||||||
Class
A | |||||||||||||||||||||||||||||||||||
2022 |
$ |
55.06 |
|
$ |
0.10 |
|
$ |
(8.11 |
) |
$ |
(8.01 |
) |
|
$ |
(0.08 |
) |
$ |
(5.66 |
) |
$ |
(5.74 |
) |
$ |
41.31 |
|
(16.01 |
)% |
$ |
19,467 |
1.19 |
% |
0.20 |
% |
58 |
% |
2021 |
|
33.98 |
|
|
(0.02 |
) |
|
21.36 |
|
|
21.34 |
|
|
|
(0.26 |
) |
|
— |
|
|
(0.26 |
) |
|
55.06 |
|
63.00 |
|
|
27,091 |
1.36 |
|
(0.04 |
) |
86 |
|
2020 |
|
42.97 |
|
|
0.11 |
|
|
(6.36 |
) |
|
(6.25 |
) |
|
|
(0.01 |
) |
|
(2.73 |
) |
|
(2.74 |
) |
|
33.98 |
|
(15.95 |
) |
|
24,846 |
1.35 |
|
0.28 |
|
43 |
|
2019 |
|
55.23 |
|
|
0.03 |
|
|
(7.03 |
) |
|
(7.00 |
) |
|
|
— |
|
|
(5.26 |
) |
|
(5.26 |
) |
|
42.97 |
|
(11.47 |
) |
|
66,539 |
1.24 |
|
0.07 |
|
62 |
|
2018 |
|
49.16 |
|
|
(0.16 |
) |
|
8.34 |
|
|
8.18 |
|
|
|
— |
|
|
(2.11 |
) |
|
(2.11 |
) |
|
55.23 |
|
16.94 |
|
|
82,161 |
1.27 |
|
(0.31 |
) |
67 |
|
Class
C | |||||||||||||||||||||||||||||||||||
2022 |
|
47.84 |
|
|
(0.25 |
) |
|
(6.87 |
) |
|
(7.12 |
) |
|
|
(0.07 |
) |
|
(5.66 |
) |
|
(5.73 |
) |
|
34.99 |
|
(16.61 |
) |
|
3,933 |
1.94 |
|
(0.57 |
) |
58 |
|
2021 |
|
29.57 |
|
|
(0.31 |
) |
|
18.58 |
|
|
18.27 |
|
|
|
— |
|
|
— |
|
|
— |
|
|
47.84 |
|
61.79 |
|
|
8,429 |
2.11 |
|
(0.80 |
) |
86 |
|
2020 |
|
37.99 |
|
|
(0.16 |
) |
|
(5.53 |
) |
|
(5.69 |
) |
|
|
— |
|
|
(2.73 |
) |
|
(2.73 |
) |
|
29.57 |
|
(16.58 |
) |
|
7,644 |
2.10 |
|
(0.49 |
) |
43 |
|
2019 |
|
49.96 |
|
|
(0.28 |
) |
|
(6.43 |
) |
|
(6.71 |
) |
|
|
— |
|
|
(5.26 |
) |
|
(5.26 |
) |
|
37.99 |
|
(12.14 |
) |
|
13,419 |
1.99 |
|
(0.68 |
) |
62 |
|
2018 |
|
44.98 |
|
|
(0.50 |
) |
|
7.59 |
|
|
7.09 |
|
|
|
— |
|
|
(2.11 |
) |
|
(2.11 |
) |
|
49.96 |
|
16.05 |
|
|
21,723 |
2.01 |
|
(1.05 |
) |
67 |
|
Class
R6 | |||||||||||||||||||||||||||||||||||
2022 |
|
57.78 |
|
|
0.31 |
|
|
(8.57 |
) |
|
(8.26 |
) |
|
|
(0.09 |
) |
|
(5.66 |
) |
|
(5.75 |
) |
|
43.77 |
|
(15.68 |
) |
|
4,893 |
0.80 |
|
0.59 |
|
58 |
|
2021 |
|
35.66 |
|
|
0.17 |
|
|
22.41 |
|
|
22.58 |
|
|
|
(0.46 |
) |
|
— |
|
|
(0.46 |
) |
|
57.78 |
|
63.67 |
|
|
6,160 |
0.94 |
|
0.36 |
|
86 |
|
2020 |
|
44.93 |
|
|
0.28 |
|
|
(6.63 |
) |
|
(6.35 |
) |
|
|
(0.19 |
) |
|
(2.73 |
) |
|
(2.92 |
) |
|
35.66 |
|
(15.55 |
) |
|
6,315 |
0.91 |
|
0.70 |
|
43 |
|
2019 |
|
57.24 |
|
|
0.22 |
|
|
(7.27 |
) |
|
(7.05 |
) |
|
|
— |
|
|
(5.26 |
) |
|
(5.26 |
) |
|
44.93 |
|
(11.12 |
) |
|
10,899 |
0.86 |
|
0.46 |
|
62 |
|
2018 |
|
50.67 |
|
|
0.05 |
|
|
8.63 |
|
|
8.68 |
|
|
|
— |
|
|
(2.11 |
) |
|
(2.11 |
) |
|
57.24 |
|
17.41 |
|
|
11,093 |
0.85 |
|
0.10 |
|
67 |
|
Class
I | |||||||||||||||||||||||||||||||||||
2022 |
|
57.08 |
|
|
0.22 |
|
|
(8.43 |
) |
|
(8.21 |
) |
|
|
(0.09 |
) |
|
(5.66 |
) |
|
(5.75 |
) |
|
43.12 |
|
(15.79 |
) |
|
145,461 |
0.94 |
|
0.42 |
|
58 |
|
2021 |
|
35.21 |
|
|
0.08 |
|
|
22.15 |
|
|
22.23 |
|
|
|
(0.36 |
) |
|
— |
|
|
(0.36 |
) |
|
57.08 |
|
63.42 |
|
|
263,394 |
1.10 |
|
0.16 |
|
86 |
|
2020 |
|
44.43 |
|
|
0.20 |
|
|
(6.57 |
) |
|
(6.37 |
) |
|
|
(0.12 |
) |
|
(2.73 |
) |
|
(2.85 |
) |
|
35.21 |
|
(15.75 |
) |
|
154,309 |
1.10 |
|
0.51 |
|
43 |
|
2019 |
|
56.75 |
|
|
0.16 |
|
|
(7.22 |
) |
|
(7.06 |
) |
|
|
— |
|
|
(5.26 |
) |
|
(5.26 |
) |
|
44.43 |
|
(11.26 |
) |
|
456,623 |
0.99 |
|
0.33 |
|
62 |
|
2018 |
|
50.34 |
|
|
(0.03 |
) |
|
8.55 |
|
|
8.52 |
|
|
|
— |
|
|
(2.11 |
) |
|
(2.11 |
) |
|
56.75 |
|
17.22 |
|
|
642,477 |
1.01 |
|
(0.05 |
) |
67 |
|
(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. The Fund
received voluntary compensation from Nuveen Fund Advisors in amounts that
approximate a portion of the cost of research services obtained from
broker-dealers and research providers if Nuveen Fund Advisors had
purchased the research services directly. Each Ratio of Total Return
includes the effect of the payments from Nuveen Fund Advisors for each
share class as follows: | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Year
Ended June 30: |
Class
A |
Class
C |
Class
R6 |
Class
I |
| |||||
|
2022 |
|
0.08 |
% |
0.09 |
% |
0.07 |
% |
0.08 |
% |
|
|
2021 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2020 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2019 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2018 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
(c) |
After
fee waiver and/or expense reimbursement from Nuveen Fund Advisors, where
applicable. | ||||||||||
(d) |
Ratios
reflect voluntary compensation from Nuveen Fund Advisors in amounts that
approximate a portion of the cost of research services obtained from
broker-dealers and research providers if Nuveen Fund Advisors had
purchased the research services directly. Each Ratio of Net Investment
Income (Loss) to Average Net Assets includes the effect of the payments
from Nuveen Fund Advisors for each share class as follows: | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios
of Payments from Nuveen Fund Advisors to Average Net Assets |
| |||||||||
|
Year
Ended June 30: |
Class
A |
Class
C |
Class
R6 |
Class
I |
| |||||
|
2022 |
|
0.07 |
% |
0.07 |
% |
0.07 |
% |
0.07 |
% |
|
|
2021 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2020 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2019 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
|
2018 |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
|
(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. | ||||||||||
N/A |
Fund
did not have Payments from Nuveen Fund Advisors for periods prior to the
fiscal year ended June 30, 2022. |
76 |
Section
5
Financial Highlights |
MPR-NWQ-1022D |