NPORT-EX 2 Nuveen_Investment_Trust_II.htm
Nuveen NWQ International Value Fund
Portfolio of Investments    September 30, 2020
(Unaudited)
Shares   Description (1)       Value
    LONG-TERM INVESTMENTS – 98.1%        
    COMMON STOCKS – 98.1%        
    Aerospace & Defense – 1.5%        
21,223   Thales SA, (2)       $1,590,615
    Air Freight & Logistics – 3.4%        
81,155   Deutsche Post AG, (2)       3,682,453
    Airlines – 0.9%        
54,100   Japan Airlines Co Ltd, (2), (3)       1,009,059
    Automobiles – 3.8%        
22,470   Hyundai Motor Co, (2)       1,622,230
19,181   Toyota Motor Corp, Sponsored ADR       2,540,332
    Total Automobiles       4,162,562
    Banks – 6.3%        
371,706   ING Groep NV, (2), (3)       2,652,815
173,232   Oversea-Chinese Banking Corp Ltd, (2)       1,077,284
63,200   Sumitomo Mitsui Trust Holdings Inc, (2)       1,681,359
1,910,095   Unicaja Banco SA,144A, (2), (3)       1,436,308
    Total Banks       6,847,766
    Capital Markets – 1.9%        
185,021   UBS Group AG       2,062,984
    Chemicals – 3.5%        
17,230   Kumho Petrochemical Co Ltd, (2)       1,616,405
56,577   Nutrien Ltd       2,218,381
    Total Chemicals       3,834,786
    Commercial Services & Supplies – 1.4%        
78,400   Dai Nippon Printing Co Ltd, (2)       1,589,145
    Diversified Financial Services – 2.0%        
24,268   Groupe Bruxelles Lambert SA, (2)       2,187,805
    Diversified Telecommunication Services – 2.6%        
139,983   Nippon Telegraph & Telephone Corp, ADR, (2)       2,892,049
    Electric Utilities – 0.4%        
15,284   Siemens Energy AG, (WI/DD), (3)       412,154
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Nuveen NWQ International Value Fund (continued)
Portfolio of Investments    September 30, 2020
(Unaudited)
Shares   Description (1)       Value
    Electrical Equipment – 2.3%        
66,031   Mabuchi Motor Co Ltd, (2)       $2,563,360
    Electronic Equipment, Instruments & Components – 1.7%        
169,587   Flex Ltd, (3)       1,889,199
    Energy Equipment & Services – 0.7%        
143,893   Tenaris SA, (2)       716,884
    Food & Staples Retailing – 4.4%        
83,900   Seven & i Holdings Co Ltd, (2)       2,606,780
822,561   Tesco PLC, (2)       2,256,535
    Total Food & Staples Retailing       4,863,315
    Health Care Providers & Services – 2.8%        
36,542   Fresenius Medical Care AG & Co KGaA, (2)       3,089,140
    Household Durables – 1.4%        
1,065,520   Taylor Wimpey PLC, (2)       1,489,903
    Household Products – 1.1%        
11,260   Henkel AG & Co KGaA, (2)       1,177,643
    Industrial Conglomerates – 3.5%        
30,039   Siemens AG, (2)       3,793,594
    Insurance – 8.2%        
58,240   Ageas SA/NV, (2)       2,383,128
9,106   Allianz SE, (2)       1,747,711
52,237   Axis Capital Holdings Ltd       2,300,518
93,000   MS&AD Insurance Group Holdings Inc, (2)       2,505,718
    Total Insurance       8,937,075
    Interactive Media & Services – 1.6%        
13,955   Baidu Inc., Sponsored ADR, (3)       1,766,563
    Machinery – 1.5%        
75,900   Komatsu Ltd, (2)       1,666,995
    Media – 1.9%        
63,554   Publicis Groupe SA, (2)       2,048,342
    Metals & Mining – 1.7%        
84,929   BHP Group PLC, (2)       1,811,887
    Multi-Utilities – 1.7%        
162,138   National Grid PLC, (2)       1,862,340
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Shares   Description (1)       Value
    Oil, Gas & Consumable Fuels – 1.6%        
71,532   Royal Dutch Shell PLC       $1,732,505
    Pharmaceuticals – 9.8%        
34,542   Bayer AG, (2)       2,131,023
111,692   GlaxoSmithKline PLC, (2)       2,093,944
4,300   Roche Holding AG, (2)       1,472,924
33,472   Sanofi, (2)       3,354,290
47,000   Takeda Pharmaceutical Co Ltd, (2)       1,679,918
    Total Pharmaceuticals       10,732,099
    Professional Services – 3.9%        
42,818   Adecco Group AG, (2)       2,259,305
23,594   Wolters Kluwer NV, (2)       2,012,625
    Total Professional Services       4,271,930
    Real Estate Management & Development – 1.6%        
319,126   City Developments Ltd, (2)       1,796,510
    Road & Rail – 1.2%        
21,900   East Japan Railway Co, (2)       1,346,822
    Semiconductors & Semiconductor Equipment – 3.7%        
70,000   MediaTek Inc, (2)       1,483,227
33,600   Rohm Co Ltd, (2)       2,597,616
    Total Semiconductors & Semiconductor Equipment       4,080,843
    Software – 1.7%        
11,872   SAP SE, (2)       1,848,685
    Specialty Retail – 3.0%        
539,499   Kingfisher PLC, (2), (3)       2,066,496
904,000   Topsports International Holdings Ltd,144A, (2)       1,256,791
    Total Specialty Retail       3,323,287
    Technology Hardware, Storage & Peripherals – 4.2%        
36,200   FUJIFILM Holdings Corp, (2)       1,784,365
64,684   Samsung Electronics Co Ltd, (2)       2,784,063
    Total Technology Hardware, Storage & Peripherals       4,568,428
    Textiles, Apparel & Luxury Goods – 1.1%        
17,215   Cie Financiere Richemont SA, Class A, (2)       1,155,864
    Tobacco – 1.4%        
107,354   Scandinavian Tobacco Group A/S, Class A,144A, (2)       1,589,930
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Nuveen NWQ International Value Fund (continued)
Portfolio of Investments    September 30, 2020
(Unaudited)
Shares   Description (1)       Value
    Wireless Telecommunication Services – 2.7%        
131,033   SK Telecom Co Ltd, Sponsored ADR       $2,937,760
    Total Long-Term Investments (cost $87,482,144)       107,332,281
    
Principal Amount (000)   Description (1) Coupon Maturity   Value
    SHORT-TERM INVESTMENTS – 0.3%        
    REPURCHASE AGREEMENTS – 0.3%        
$269   Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/30/20, repurchase price $269,419, collateralized by $276,100 U.S. Treasury Notes, 0.375%, due 9/30/27, value $274,849 0.000% 10/01/20   $269,419
    Total Short-Term Investments (cost $269,419)       269,419
    Total Investments (cost $87,751,563) – 98.4%       107,601,700
    Other Assets Less Liabilities – 1.6%       1,805,187
    Net Assets – 100%       $109,406,887
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
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The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Common Stocks $17,860,396 $89,471,885 $ — $107,332,281
Short-Term Investments:        
Repurchase Agreements  — 269,419  — 269,419
Total $17,860,396 $89,741,304 $ — $107,601,700
    
  For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.  
(1) All percentages shown in the Portfolio of Investments are based on net assets.  
(2) For fair value measurement disclosure purposes, investment classified as Level 2.  
(3) Non-income producing; issuer has not declared a dividend within the past twelve months.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
ADR American Depositary Receipt  
WI/DD Purchased on a when-issued or delayed delivery basis.  
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