0001752724-22-220679.txt : 20220928
0001752724-22-220679.hdr.sgml : 20220928
20220928122121
ACCESSION NUMBER: 0001752724-22-220679
CONFORMED SUBMISSION TYPE: NPORT-P
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20220731
FILED AS OF DATE: 20220928
DATE AS OF CHANGE: 20220928
PERIOD START: 20221031
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Nushares ETF Trust
CENTRAL INDEX KEY: 0001635073
IRS NUMBER: 000000000
FILING VALUES:
FORM TYPE: NPORT-P
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-23161
FILM NUMBER: 221273776
BUSINESS ADDRESS:
STREET 1: 333 W. WACKER DR.
CITY: CHICAGO
STATE: IL
ZIP: 60606
BUSINESS PHONE: 312-917-8146
MAIL ADDRESS:
STREET 1: 333 W. WACKER DR.
CITY: CHICAGO
STATE: IL
ZIP: 60606
FORMER COMPANY:
FORMER CONFORMED NAME: NuShares ETF Trust
DATE OF NAME CHANGE: 20160614
FORMER COMPANY:
FORMER CONFORMED NAME: Nuveen ETF Trust
DATE OF NAME CHANGE: 20150226
0001635073
S000073535
Nuveen Growth Opportunities ETF
C000230537
Nuveen Growth Opportunities ETF
NUGO
NPORT-P
1
primary_doc.xml
NPORT-P
false
0001635073
XXXXXXXX
S000073535
C000230537
NuShares ETF Trust
811-23161
0001635073
549300UWO63YZ5POLH71
333 W. Wacker Dr
Chicago
60606
312-917-7700
Nuveen Growth Opportunities ETF
S000073535
549300XDBSCM6Y68TP61
2022-10-31
2022-07-31
N
2584738608.00
1192407.00
2583546201.00
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
79052375.00000000
N
Salesforce Inc
RCGZFPDMRW58VJ54VR07
Salesforce Inc
79466L302
138270.00000000
NS
USD
25444445.40000000
0.984865120281
Long
EC
CORP
US
N
1
N
N
N
Visa Inc
549300JZ4OKEHW3DPJ59
Visa Inc
92826C839
54854.00000000
NS
USD
11635081.94000000
0.450353159370
Long
EC
CORP
US
N
1
N
N
N
Synopsys Inc
QG7T915N9S0NY5UKNE63
Synopsys Inc
871607107
87793.00000000
NS
USD
32263927.50000000
1.248823322281
Long
EC
CORP
US
N
1
N
N
N
Elevance Health Inc
8MYN82XMYQH89CTMTH67
Elevance Health Inc
036752103
100359.00000000
NS
USD
47881278.90000000
1.853316146677
Long
EC
CORP
US
N
1
N
N
N
Eli Lilly & Co
FRDRIPF3EKNDJ2CQJL29
Eli Lilly & Co
532457108
178568.00000000
NS
USD
58872083.92000000
2.278731609181
Long
EC
CORP
US
N
1
N
N
N
Charles Schwab Corp/The
549300VSGCJ7E698NM85
Charles Schwab Corp
808513105
420451.00000000
NS
USD
29032141.55000000
1.123732238222
Long
EC
CORP
US
N
1
N
N
N
Deere & Co
PWFTNG3EI0Y73OXWDH08
Deere & Co
244199105
47417.00000000
NS
USD
16272566.06000000
0.629853882763
Long
EC
CORP
US
N
1
N
N
N
Microsoft Corp
INR2EJN1ERAN0W5ZP974
Microsoft Corp
594918104
1099404.00000000
NS
USD
308646678.96000100
11.94662897224
Long
EC
CORP
US
N
1
N
N
N
Match Group Inc
15OMOPB0A8K0EFUVD031
Match Group Inc
57667L107
281189.00000000
NS
USD
20613965.59000000
0.797894211530
Long
EC
CORP
US
N
1
N
N
N
Avantor Inc
5493003VM0XB4U8YD238
Avantor Inc
05352A100
891630.00000000
NS
USD
25875102.60000000
1.001534348020
Long
EC
CORP
US
N
1
N
N
N
Las Vegas Sands Corp
549300DUOO1KXOHPM605
Las Vegas Sands Corp
517834107
850189.00000000
NS
USD
32043623.41000000
1.240296124667
Long
EC
CORP
US
N
1
N
N
N
AstraZeneca PLC
PY6ZZQWO2IZFZC3IOL08
AstraZeneca PLC
046353108
647489.00000000
NS
USD
42883196.47000000
1.659857929128
Long
EC
CORP
GB
N
1
N
N
N
American Tower Corp
5493006ORUSIL88JOE18
American Tower Corp
03027X100
92197.00000000
NS
USD
24969713.51000000
0.966489916082
Long
EC
CORP
US
N
1
N
N
N
Costco Wholesale Corp
29DX7H14B9S6O3FD6V18
Costco Wholesale Corp
22160K105
120724.00000000
NS
USD
65347901.20000000
2.529387752953
Long
EC
CORP
US
N
1
N
N
N
Burlington Stores Inc
5299003Z37DVGKKC1W09
Burlington Stores Inc
122017106
166157.00000000
NS
USD
23449737.41000000
0.907656979423
Long
EC
CORP
US
N
1
N
N
N
Raytheon Technologies Corp
I07WOS4YJ0N7YRFE7309
Raytheon Technologies Corp
75513E101
420205.00000000
NS
USD
39167308.05000000
1.516028938628
Long
EC
CORP
US
N
1
N
N
N
Monolithic Power Systems Inc
529900TB7O85LSZ1XU31
Monolithic Power Systems Inc
609839105
84109.00000000
NS
USD
39087134.48000000
1.512925701304
Long
EC
CORP
US
N
1
N
N
N
Lam Research Corp
549300I4GMO6D34U1T02
Lam Research Corp
512807108
99284.00000000
NS
USD
49692634.84000000
1.923427373614
Long
EC
CORP
US
N
1
N
N
N
Horizon Therapeutics Plc
529900P0GSQ79OOZEV53
Horizon Therapeutics Plc
G46188101
437192.00000000
NS
USD
36273820.24000000
1.404032187462
Long
EC
CORP
US
N
1
N
N
N
Edwards Lifesciences Corp
YA13X31F3V31L8TMPR58
Edwards Lifesciences Corp
28176E108
224074.00000000
NS
USD
22528399.96000000
0.871995242480
Long
EC
CORP
US
N
1
N
N
N
ServiceNow Inc
549300HJTQM36M0E1G39
ServiceNow Inc
81762P102
69400.00000000
NS
USD
30998204.00000000
1.199831610830
Long
EC
CORP
US
N
1
N
N
N
Estee Lauder Cos Inc/The
549300VFZ8XJ9NUPU221
Estee Lauder Cos Inc/The
518439104
76229.00000000
NS
USD
20818139.90000000
0.805797082008
Long
EC
CORP
US
N
1
N
N
N
Tesla Inc
54930043XZGB27CTOV49
Tesla Inc
88160R101
88303.00000000
NS
USD
78717709.35000000
3.046886071537
Long
EC
CORP
US
N
1
N
N
N
NIKE Inc
787RXPR0UX0O0XUXPZ81
NIKE Inc
654106103
128822.00000000
NS
USD
14804224.24000000
0.573019527743
Long
EC
CORP
US
N
1
N
N
N
ZoomInfo Technologies Inc
N/A
ZoomInfo Technologies Inc
98980F104
244865.00000000
NS
USD
9277934.85000000
0.359116273841
Long
EC
CORP
US
N
1
N
N
N
Intuit Inc
VI90HBPH7XSFMB9E4M29
Intuit Inc
461202103
41664.00000000
NS
USD
19005866.88000000
0.735650358125
Long
EC
CORP
US
N
1
N
N
N
Palo Alto Networks Inc
549300QXR2YVZV231H43
Palo Alto Networks Inc
697435105
70498.00000000
NS
USD
35185551.80000000
1.361909138159
Long
EC
CORP
US
N
1
N
N
N
Monster Beverage Corp
52990090AP0E7HCB6F33
Monster Beverage Corp
61174X109
301564.00000000
NS
USD
30041805.68000000
1.162812790743
Long
EC
CORP
US
N
1
N
N
N
Intuitive Surgical Inc
54930052SRG011710797
Intuitive Surgical Inc
46120E602
77447.00000000
NS
USD
17825975.99000000
0.689980925562
Long
EC
CORP
US
N
1
N
N
N
Dexcom Inc
549300YSK3QDSFR5EU59
Dexcom Inc
252131107
408996.00000000
NS
USD
33570391.68000000
1.299391962373
Long
EC
CORP
US
N
1
N
N
N
Amazon.com Inc
ZXTILKJKG63JELOEG630
Amazon.com Inc
023135106
886214.00000000
NS
USD
119594579.30000100
4.629086147316
Long
EC
CORP
US
N
1
N
N
N
UnitedHealth Group Inc
549300GHBMY8T5GXDE41
UnitedHealth Group Inc
91324P102
77980.00000000
NS
USD
42291673.20000000
1.636962140782
Long
EC
CORP
US
N
1
N
N
N
Broadcom Inc
549300WV6GIDOZJTV909
Broadcom Inc
11135F101
83047.00000000
NS
USD
44470007.56000000
1.721277813525
Long
EC
CORP
US
N
1
N
N
N
Chipotle Mexican Grill Inc
N/A
Chipotle Mexican Grill Inc
169656105
8998.00000000
NS
USD
14074851.56000000
0.544788072864
Long
EC
CORP
US
N
1
N
N
N
NVIDIA Corp
549300S4KLFTLO7GSQ80
NVIDIA Corp
67066G104
284220.00000000
NS
USD
51622878.60000000
1.998140330527
Long
EC
CORP
US
N
1
N
N
N
EPAM Systems Inc
549300XCR4R530HJP604
EPAM Systems Inc
29414B104
81988.00000000
NS
USD
28634309.00000000
1.108333537403
Long
EC
CORP
US
N
1
N
N
N
EOG Resources Inc
XWTZDRYZPBUHIQBKDB46
EOG Resources Inc
26875P101
472897.00000000
NS
USD
52595604.34000000
2.035791127700
Long
EC
CORP
US
N
1
N
N
N
Carrier Global Corp
549300JE3W6CWY2NAN77
Carrier Global Corp
14448C104
780621.00000000
NS
USD
31638569.13000000
1.224617896043
Long
EC
CORP
US
N
1
N
N
N
Crowdstrike Holdings Inc
549300YBY08K9KM4HX32
Crowdstrike Holdings Inc
22788C105
59382.00000000
NS
USD
10902535.20000000
0.421998847776
Long
EC
CORP
US
N
1
N
N
N
Mastercard Inc
AR5L2ODV9HN37376R084
Mastercard Inc
57636Q104
420588.00000000
NS
USD
148799828.52000100
5.759518775487
Long
EC
CORP
US
N
1
N
N
N
Union Pacific Corp
549300LMMRSZZCZ8CL11
Union Pacific Corp
907818108
146166.00000000
NS
USD
33223531.80000000
1.285966234594
Long
EC
CORP
US
N
1
N
N
N
Aptiv PLC
N/A
Aptiv PLC
G6095L109
215149.00000000
NS
USD
22566978.61000000
0.873488486533
Long
EC
CORP
US
N
1
N
N
N
Alphabet Inc
5493006MHB84DD0ZWV18
Alphabet Inc
02079K305
1577562.00000000
NS
USD
183502011.84000100
7.102718417382
Long
EC
CORP
US
N
1
N
N
N
Zscaler Inc
529900MZ0RTK1BWRNF46
Zscaler Inc
98980G102
91216.00000000
NS
USD
14143952.96000000
0.547462745373
Long
EC
CORP
US
N
1
N
N
N
Apple Inc
HWUPKR0MPOU8FGXBT394
Apple Inc
037833100
1408511.00000000
NS
USD
228897122.61000100
8.859803727194
Long
EC
CORP
US
N
1
N
N
N
Bristol-Myers Squibb Co
HLYYNH7UQUORYSJQCN42
Bristol-Myers Squibb Co
110122108
158688.00000000
NS
USD
11708000.64000000
0.453175586156
Long
EC
CORP
US
N
1
N
N
N
Seagen Inc
N/A
Seagen Inc
81181C104
148683.00000000
NS
USD
26759966.34000000
1.035784315745
Long
EC
CORP
US
N
1
N
N
N
Booking Holdings Inc
FXM8FAOHMYDIPD38UZ17
Booking Holdings Inc
09857L108
6805.00000000
NS
USD
13172370.45000000
0.509856198619
Long
EC
CORP
US
N
1
N
N
N
Zoetis Inc
549300HD9Q1LOC9KLJ48
Zoetis Inc
98978V103
253520.00000000
NS
USD
46280076.00000000
1.791339205859
Long
EC
CORP
US
N
1
N
N
N
Veeva Systems Inc
549300YZEXPDB92M2F02
Veeva Systems Inc
922475108
102531.00000000
NS
USD
22923880.98000000
0.887302923831
Long
EC
CORP
US
N
1
N
N
N
Sherwin-Williams Co/The
Z15BMIOX8DDH0X2OBP21
Sherwin-Williams Co/The
824348106
158430.00000000
NS
USD
38330554.20000000
1.483641135783
Long
EC
CORP
US
N
1
N
N
N
Lowe's Cos Inc
WAFCR4OKGSC504WU3E95
Lowe's Cos Inc
548661107
230088.00000000
NS
USD
44068754.64000000
1.705746722196
Long
EC
CORP
US
N
1
N
N
N
Generac Holdings Inc
529900S2H2AHJHSFFI84
Generac Holdings Inc
368736104
21463.00000000
NS
USD
5758522.90000000
0.222892197467
Long
EC
CORP
US
N
1
N
N
N
Corteva Inc
549300WZN9I2QKLS0O94
Corteva Inc
22052L104
457441.00000000
NS
USD
26325729.55000000
1.018976534648
Long
EC
CORP
US
N
1
N
N
N
2022-07-31
Nushares ETF Trust
E. Scott Wickerham
E. Scott Wickerham
Vice President and Funds Controller
XXXX
NPORT-EX
2
tiaa_NUGO.htm
Nuveen
Dividend
Growth
ETF
(NDVG)
Portfolio
of
Investments
July
31,
2022
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
97.6%
X
6,807,021
COMMON
STOCKS
-
97.6%
X
6,807,021
Banks
-
2.4%
1,424
JPMorgan
Chase
&
Co
$
164,273
Beverages
-
2.0%
790
PepsiCo
Inc
138,218
Biotechnology
-
3.0%
1,457
AbbVie
Inc
209,094
Building
Products
-
1.8%
857
Trane
Technologies
PLC
125,970
Capital
Markets
-
2.8%
2,786
Charles
Schwab
Corp
192,373
Chemicals
-
4.4%
1,000
International
Flavors
&
Fragrances
Inc
124,050
608
Linde
PLC
183,616
Total
Chemicals
307,666
Communications
Equipment
-
4.7%
2,738
Cisco
Systems
Inc
124,223
859
Motorola
Solutions
Inc
204,949
Total
Communications
Equipment
329,172
Consumer
Finance
-
2.2%
992
American
Express
Co
152,788
Containers
&
Packaging
-
1.3%
639
Packaging
Corp
of
America
89,850
Electric
Utilities
-
2.9%
2,386
NextEra
Energy
Inc
201,593
Electrical
Equipment
-
2.0%
948
Eaton
Corp
PLC
140,674
Equity
Real
Estate
Investment
Trusts
-
1.6%
1,784
Duke
Realty
Corp
111,607
Food
&
Staples
Retailing
-
1.8%
927
Walmart
Inc
122,410
Food
Products
-
1.8%
1,989
Mondelez
International
Inc,
Class
A
127,376
Health
Care
Equipment
&
Supplies
-
4.9%
1,084
Abbott
Laboratories
117,982
2,001
Baxter
International
Inc
117,379
1,165
Medtronic
PLC
107,786
Total
Health
Care
Equipment
&
Supplies
343,147
Nuveen
Dividend
Growth
ETF
(NDVG)
(continued)
Portfolio
of
Investments
July
31,
2022
(Unaudited)
Shares
Description
(1)
Value
Health
Care
Providers
&
Services
-
6.2%
309
Elevance
Health
Inc
$
147,424
525
UnitedHealth
Group
Inc
284,728
Total
Health
Care
Providers
&
Services
432,152
Hotels,
Restaurants
&
Leisure
-
2.5%
665
McDonald's
Corp
175,141
Industrial
Conglomerates
-
2.0%
731
Honeywell
International
Inc
140,688
Insurance
-
4.0%
664
Chubb
Ltd
125,257
950
Marsh
&
McLennan
Cos
Inc
155,762
Total
Insurance
281,019
IT
Services
-
8.1%
753
Accenture
PLC,
Class
A
230,614
1,545
Fidelity
National
Information
Services
Inc
157,837
494
Mastercard
Inc,
Class
A
174,772
Total
IT
Services
563,223
Media
-
1.9%
3,495
Comcast
Corp,
Class
A
131,132
Multi-Utilities
-
2.7%
1,824
WEC
Energy
Group
Inc
189,350
Oil,
Gas
&
Consumable
Fuels
-
4.1%
1,081
Chevron
Corp
177,046
1,246
Phillips
66
110,894
Total
Oil,
Gas
&
Consumable
Fuels
287,940
Road
&
Rail
-
2.4%
725
Union
Pacific
Corp
164,793
Semiconductors
&
Semiconductor
Equipment
-
5.7%
390
Broadcom
Inc
208,837
1,054
Texas
Instruments
Inc
188,550
Total
Semiconductors
&
Semiconductor
Equipment
397,387
Software
-
6.0%
1,500
Microsoft
Corp
421,110
Specialty
Retail
-
4.6%
946
Lowe's
Cos
Inc
181,187
2,322
TJX
Cos
Inc
142,014
Total
Specialty
Retail
323,201
Technology
Hardware,
Storage
&
Peripherals
-
5.9%
2,548
Apple
Inc
414,076
Tobacco
-
1.9%
1,334
Philip
Morris
International
Inc
129,598
Total
Long-Term
Investments
(cost
$6,853,035)
6,807,021
Other
Assets
Less
Liabilities
-
2.4%
164,003
Net
Assets
-
100%
$
6,971,024
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).
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
$
6,807,021
$
–
$
–
$
6,807,021
Total
$
6,807,021
$
–
$
–
$
6,807,021
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.
Nuveen
Growth
Opportunities
ETF
(NUGO)
Portfolio
of
Investments
July
31,
2022
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
97.8%
X
2,527,411,846
COMMON
STOCKS
-
97.8%
X
2,527,411,846
Aerospace
&
Defense
-
1.5%
420,205
Raytheon
Technologies
Corp
$
39,167,308
Auto
Components
-
0.9%
215,149
Aptiv
PLC
(2)
22,566,979
Automobiles
-
3.0%
88,303
Tesla
Inc
(2)
78,717,709
Beverages
-
1.2%
301,564
Monster
Beverage
Corp
(2)
30,041,806
Biotechnology
-
2.4%
437,192
Horizon
Therapeutics
Plc
(2)
36,273,820
148,683
Seagen
Inc
(2)
26,759,967
Total
Biotechnology
63,033,787
Building
Products
-
1.2%
780,621
Carrier
Global
Corp
31,638,569
Capital
Markets
-
1.1%
420,451
Charles
Schwab
Corp
29,032,142
Chemicals
-
2.5%
457,441
Corteva
Inc
26,325,730
158,430
Sherwin-Williams
Co
38,330,554
Total
Chemicals
64,656,284
Electrical
Equipment
-
0.2%
21,463
Generac
Holdings
Inc
(2)
5,758,523
Equity
Real
Estate
Investment
Trusts
-
1.0%
92,197
American
Tower
Corp
24,969,713
Food
&
Staples
Retailing
-
2.5%
120,724
Costco
Wholesale
Corp
65,347,901
Health
Care
Equipment
&
Supplies
-
2.9%
408,996
Dexcom
Inc
(2)
33,570,392
224,074
Edwards
Lifesciences
Corp
(2)
22,528,400
77,447
Intuitive
Surgical
Inc
(2)
17,825,976
Total
Health
Care
Equipment
&
Supplies
73,924,768
Health
Care
Providers
&
Services
-
3.5%
100,359
Elevance
Health
Inc
47,881,279
77,980
UnitedHealth
Group
Inc
42,291,673
Total
Health
Care
Providers
&
Services
90,172,952
Health
Care
Technology
-
0.9%
102,531
Veeva
Systems
Inc,
Class
A
(2)
22,923,881
Shares
Description
(1)
Value
Hotels,
Restaurants
&
Leisure
-
2.3%
6,805
Booking
Holdings
Inc
(2)
$
13,172,370
8,998
Chipotle
Mexican
Grill
Inc
(2)
14,074,852
850,189
Las
Vegas
Sands
Corp
(2)
32,043,623
Total
Hotels,
Restaurants
&
Leisure
59,290,845
Interactive
Media
&
Services
-
8.3%
1,577,562
Alphabet
Inc,
Class
A
(2)
183,502,012
281,189
Match
Group
Inc
(2)
20,613,965
244,865
ZoomInfo
Technologies
Inc
(2)
9,277,935
Total
Interactive
Media
&
Services
213,393,912
Internet
&
Direct
Marketing
Retail
-
6.0%
1,145,628
Amazon.com
Inc
(2)
154,602,499
IT
Services
-
7.3%
81,988
EPAM
Systems
Inc
(2)
28,634,309
420,588
Mastercard
Inc,
Class
A
148,799,828
54,854
Visa
Inc,
Class
A
11,635,082
Total
IT
Services
189,069,219
Life
Sciences
Tools
&
Services
-
1.0%
891,630
Avantor
Inc
(2)
25,875,103
Machinery
-
0.6%
47,417
Deere
&
Co
16,272,566
Oil,
Gas
&
Consumable
Fuels
-
2.0%
472,897
EOG
Resources
Inc
52,595,604
Personal
Products
-
0.8%
76,229
Estee
Lauder
Cos
Inc,
Class
A
20,818,140
Pharmaceuticals
-
6.2%
647,489
AstraZeneca
PLC,
Sponsored
ADR
42,883,196
158,688
Bristol-Myers
Squibb
Co
11,708,001
178,568
Eli
Lilly
&
Co
58,872,084
253,520
Zoetis
Inc
46,280,076
Total
Pharmaceuticals
159,743,357
Road
&
Rail
-
1.3%
146,166
Union
Pacific
Corp
33,223,532
Semiconductors
&
Semiconductor
Equipment
-
7.2%
83,047
Broadcom
Inc
44,470,007
99,284
Lam
Research
Corp
49,692,635
84,109
Monolithic
Power
Systems
Inc
39,087,134
284,220
NVIDIA
Corp
51,622,879
Total
Semiconductors
&
Semiconductor
Equipment
184,872,655
Software
-
18.4%
59,382
Crowdstrike
Holdings
Inc,
Class
A
(2)
10,902,535
41,664
Intuit
Inc
19,005,867
1,099,404
Microsoft
Corp
308,646,679
70,498
Palo
Alto
Networks
Inc
(2)
35,185,552
138,270
Salesforce
Inc
(2)
25,444,445
69,400
ServiceNow
Inc
(2)
30,998,204
87,793
Synopsys
Inc
(2)
32,263,928
Nuveen
Growth
Opportunities
ETF
(NUGO)
(continued)
Portfolio
of
Investments
July
31,
2022
(Unaudited)
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).
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:
Shares
Description
(1)
Value
Software
(continued)
91,216
Zscaler
Inc
(2)
$
14,143,953
Total
Software
476,591,163
Specialty
Retail
-
2.1%
166,157
Burlington
Stores
Inc
(2)
23,449,737
166,866
Lowe's
Cos
Inc
31,959,845
Total
Specialty
Retail
55,409,582
Technology
Hardware,
Storage
&
Peripherals
-
8.9%
1,408,511
Apple
Inc
228,897,123
Textiles,
Apparel
&
Luxury
Goods
-
0.6%
128,822
NIKE
Inc,
Class
B
14,804,224
Total
Long-Term
Investments
(cost
$2,894,885,294)
2,527,411,846
Other
Assets
Less
Liabilities
-
2.2%
55,540,011
Net
Assets
-
100%
$
2,582,951,857
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
2,527,411,846
$
–
$
–
$
2,527,411,846
Total
$
2,527,411,846
$
–
$
–
$
2,527,411,846
For
Fund
portfolio
compliance
purposes,
the
Fund’s
industry
classifications
refer
to
any
one
or
more
of
the
industry
sub-classifications
used
by
one
or
more
widely
recognized
market
indexes
or
ratings
group
indexes,
and/or
as
defined
by
Fund
management.
This
definition
may
not
apply
for
purposes
of
this
report,
which
may
combine
industry
sub-classifications
into
sectors
for
reporting
ease.
(1)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(2)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
ADR
American
Depositary
Receipt
Nuveen
Small-Cap
Select
ETF
(NSCS)
Portfolio
of
Investments
July
31,
2022
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
98.4%
X
5,489,567
COMMON
STOCKS
-
98.4%
X
5,489,567
Aerospace
&
Defense
-
1.1%
4,180
Kratos
Defense
&
Security
Solutions
Inc
(2)
$
60,150
Auto
Components
-
1.3%
4,314
Dana
Inc
72,303
Banks
-
9.9%
1,861
Banner
Corp
115,363
3,203
Home
BancShares
Inc/AR
75,591
1,965
PacWest
Bancorp
55,079
893
Pinnacle
Financial
Partners
Inc
70,636
1,055
Preferred
Bank/Los
Angeles
CA
76,699
1,697
Veritex
Holdings
Inc
52,505
1,224
Wintrust
Financial
Corp
105,313
Total
Banks
551,186
Beverages
-
1.6%
866
MGP
Ingredients
Inc
91,086
Biotechnology
-
3.0%
365
Apellis
Pharmaceuticals
Inc
(2)
20,542
550
Arrowhead
Pharmaceuticals
Inc
(2)
23,392
777
ChemoCentryx
Inc
(2)
18,353
375
Cytokinetics
Inc
(2)
15,874
731
Fate
Therapeutics
Inc
(2)
22,317
828
Halozyme
Therapeutics
Inc
(2)
40,489
441
Intellia
Therapeutics
Inc
(2)
28,559
Total
Biotechnology
169,526
Capital
Markets
-
2.8%
649
Evercore
Inc
64,881
730
Piper
Sandler
Cos
92,126
Total
Capital
Markets
157,007
Chemicals
-
1.2%
1,566
Avient
Corp
67,573
Construction
&
Engineering
-
2.9%
844
Comfort
Systems
USA
Inc
89,177
783
MYR
Group
Inc
(2)
74,565
Total
Construction
&
Engineering
163,742
Construction
Materials
-
1.3%
2,644
Summit
Materials
Inc,
Class
A
(2)
72,736
Consumer
Finance
-
0.7%
1,000
Regional
Management
Corp
41,000
Containers
&
Packaging
-
1.1%
1,359
Silgan
Holdings
Inc
60,476
Diversified
Consumer
Services
-
0.8%
2,903
PowerSchool
Holdings
Inc,
Class
A
(2)
41,832
Nuveen
Small-Cap
Select
ETF
(NSCS)
(continued)
Portfolio
of
Investments
July
31,
2022
(Unaudited)
Shares
Description
(1)
Value
Diversified
Financial
Services
-
0.6%
378
SPDR
S&P
Biotech
ETF
(2)
$
30,667
Electrical
Equipment
-
2.0%
2,526
Bloom
Energy
Corp,
Class
A
(2)
51,101
446
Regal
Rexnord
Corp
59,898
Total
Electrical
Equipment
110,999
Electronic
Equipment,
Instruments
&
Components
-
1.2%
4,929
TTM
Technologies
Inc
(2)
66,689
Equity
Real
Estate
Investment
Trusts
-
4.7%
4,762
Brandywine
Realty
Trust
44,524
476
EastGroup
Properties
Inc
81,177
1,793
Industrial
Logistics
Properties
Trust
17,984
2,110
STAG
Industrial
Inc
69,166
5,934
Summit
Hotel
Properties
Inc
(2)
46,582
Total
Equity
Real
Estate
Investment
Trusts
259,433
Gas
Utilities
-
1.7%
1,278
Spire
Inc
96,157
Health
Care
Equipment
&
Supplies
-
6.2%
1,379
AtriCure
Inc
(2)
68,136
1,393
Axonics
Inc
(2)
90,364
944
Establishment
Labs
Holdings
Inc
(2)
55,970
716
Omnicell
Inc
(2)
78,846
781
Tandem
Diabetes
Care
Inc
(2)
51,710
Total
Health
Care
Equipment
&
Supplies
345,026
Health
Care
Providers
&
Services
-
7.3%
831
Acadia
Healthcare
Co
Inc
(2)
68,898
1,416
HealthEquity
Inc
(2)
82,369
2,429
Option
Care
Health
Inc
(2)
81,614
1,920
Select
Medical
Holdings
Corp
56,870
1,320
Surgery
Partners
Inc
(2)
51,982
951
Tenet
Healthcare
Corp
(2)
62,880
Total
Health
Care
Providers
&
Services
404,613
Hotels,
Restaurants
&
Leisure
-
3.1%
4,209
Everi
Holdings
Inc
(2)
80,855
1,077
Texas
Roadhouse
Inc
93,936
Total
Hotels,
Restaurants
&
Leisure
174,791
Interactive
Media
&
Services
-
1.2%
826
Ziff
Davis
Inc
(2)
67,641
IT
Services
-
1.5%
4,997
Verra
Mobility
Corp
(2)
82,401
Leisure
Products
-
1.4%
3,514
Callaway
Golf
Co
(2)
80,646
Machinery
-
5.5%
702
EnPro
Industries
Inc
65,623
1,084
ESCO
Technologies
Inc
84,064
2,679
Shyft
Group
Inc
69,493
1,454
SPX
Corp
(2)
85,975
Total
Machinery
305,155
Shares
Description
(1)
Value
Marine
-
1.4%
1,208
Kirby
Corp
(2)
$
76,636
Media
-
0.9%
6,561
Magnite
Inc
(2)
50,126
Mortgage
Real
Estate
Investment
Trusts
(Reits)
-
1.0%
4,888
Ladder
Capital
Corp
58,069
Multiline
Retail
-
1.3%
1,184
Ollie's
Bargain
Outlet
Holdings
Inc
(2)
69,797
Multi-Utilities
-
1.9%
1,351
Black
Hills
Corp
104,297
Oil,
Gas
&
Consumable
Fuels
-
5.7%
2,534
Delek
US
Holdings
Inc
67,556
1,646
Matador
Resources
Co
95,106
3,279
Northern
Oil
and
Gas
Inc
94,534
2,920
Peabody
Energy
Corp
(2)
61,291
Total
Oil,
Gas
&
Consumable
Fuels
318,487
Personal
Products
-
2.8%
2,858
BellRing
Brands
Inc
(2)
68,992
2,598
elf
Beauty
Inc
(2)
87,111
Total
Personal
Products
156,103
Pharmaceuticals
-
2.5%
402
Intra-Cellular
Therapies
Inc
(2)
21,756
1,217
Pacira
BioSciences
Inc
(2)
68,834
822
Prestige
Consumer
Healthcare
Inc
(2)
49,575
Total
Pharmaceuticals
140,165
Professional
Services
-
3.1%
841
ASGN
Inc
(2)
87,262
923
ICF
International
Inc
87,085
Total
Professional
Services
174,347
Semiconductors
&
Semiconductor
Equipment
-
4.0%
1,146
Lattice
Semiconductor
Corp
(2)
70,479
1,271
MACOM
Technology
Solutions
Holdings
Inc
(2)
73,642
540
Silicon
Laboratories
Inc
(2)
79,639
Total
Semiconductors
&
Semiconductor
Equipment
223,760
Software
-
5.6%
1,213
CommVault
Systems
Inc
(2)
68,037
388
CyberArk
Software
Ltd
(2)
50,491
2,326
Jamf
Holding
Corp
(2)
56,847
2,114
Tenable
Holdings
Inc
(2)
81,706
867
Workiva
Inc
(2)
56,789
Total
Software
313,870
Textiles,
Apparel
&
Luxury
Goods
-
1.1%
1,949
Steven
Madden
Ltd
61,783
Nuveen
Small-Cap
Select
ETF
(NSCS)
(continued)
Portfolio
of
Investments
July
31,
2022
(Unaudited)
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).
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:
Shares
Description
(1)
Value
Trading
Companies
&
Distributors
-
3.0%
795
Applied
Industrial
Technologies
Inc
$
79,969
7,687
MRC
Global
Inc
(2)
89,323
Total
Trading
Companies
&
Distributors
169,292
Total
Long-Term
Investments
(cost
$5,859,916)
5,489,567
Other
Assets
Less
Liabilities
-
1.6%
91,618
Net
Assets
-
100%
$
5,581,185
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
5,489,567
$
–
$
–
$
5,489,567
Total
$
5,489,567
$
–
$
–
$
5,489,567
For
Fund
portfolio
compliance
purposes,
the
Fund’s
industry
classifications
refer
to
any
one
or
more
of
the
industry
sub-classifications
used
by
one
or
more
widely
recognized
market
indexes
or
ratings
group
indexes,
and/or
as
defined
by
Fund
management.
This
definition
may
not
apply
for
purposes
of
this
report,
which
may
combine
industry
sub-classifications
into
sectors
for
reporting
ease.
(1)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(2)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
ETF
Exchange-Traded
Fund
S&P
Standard
&
Poor's
SPDR
Standard
&
Poor's
Depositary
Receipt
Nuveen
Winslow
Large-Cap
Growth
ESG
ETF
(NWLG)
Portfolio
of
Investments
July
31,
2022
(Unaudited)
Shares
Description
(1)
Value
LONG-TERM
INVESTMENTS
-
99.4%
X
4,988,522
COMMON
STOCKS
-
99.4%
X
4,988,522
Auto
Components
-
0.9%
449
Aptiv
PLC
(2)
$
47,096
Capital
Markets
-
3.9%
205
Moody's
Corp
63,601
693
Morgan
Stanley
58,420
157
MSCI
Inc
75,570
Total
Capital
Markets
197,591
Chemicals
-
2.2%
368
Linde
PLC
111,136
Containers
&
Packaging
-
1.0%
676
Ball
Corp
49,632
Diversified
Consumer
Services
-
1.3%
685
Bright
Horizons
Family
Solutions
Inc
(2)
64,164
Food
&
Staples
Retailing
-
2.8%
263
Costco
Wholesale
Corp
142,362
Health
Care
Equipment
&
Supplies
-
5.5%
393
ABIOMED
Inc
(2)
115,153
137
IDEXX
Laboratories
Inc
(2)
54,688
459
Intuitive
Surgical
Inc
(2)
105,648
Total
Health
Care
Equipment
&
Supplies
275,489
Health
Care
Providers
&
Services
-
3.2%
296
UnitedHealth
Group
Inc
160,533
Health
Care
Technology
-
1.3%
293
Veeva
Systems
Inc,
Class
A
(2)
65,509
Hotels,
Restaurants
&
Leisure
-
6.1%
90
Chipotle
Mexican
Grill
Inc
(2)
140,780
725
Hilton
Worldwide
Holdings
Inc
92,851
275
McDonald's
Corp
72,426
Total
Hotels,
Restaurants
&
Leisure
306,057
Interactive
Media
&
Services
-
6.1%
1,260
Alphabet
Inc,
Class
C
(2)
146,967
1,360
Alphabet
Inc,
Class
A
(2)
158,195
Total
Interactive
Media
&
Services
305,162
Internet
&
Direct
Marketing
Retail
-
3.6%
1,320
Amazon.com
Inc
(2)
178,134
IT
Services
-
11.6%
424
Accenture
PLC,
Class
A
129,854
312
Gartner
Inc
(2)
82,830
493
Mastercard
Inc,
Class
A
174,418
926
Visa
Inc,
Class
A
196,414
Total
IT
Services
583,516
Nuveen
Winslow
Large-Cap
Growth
ESG
ETF
(NWLG)
(continued)
Portfolio
of
Investments
July
31,
2022
(Unaudited)
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.
Shares
Description
(1)
Value
Life
Sciences
Tools
&
Services
-
5.7%
947
Agilent
Technologies
Inc
$
126,992
185
Bio-Techne
Corp
71,277
374
IQVIA
Holdings
Inc
(2)
89,861
Total
Life
Sciences
Tools
&
Services
288,130
Machinery
-
2.5%
255
Deere
&
Co
87,511
7,077
Proterra
Inc
(2)
38,145
Total
Machinery
125,656
Multiline
Retail
-
2.9%
879
Dollar
Tree
Inc
(2)
145,351
Personal
Products
-
1.5%
280
Estee
Lauder
Cos
Inc,
Class
A
76,468
Pharmaceuticals
-
4.3%
1,030
AstraZeneca
PLC,
Sponsored
ADR
68,217
796
Zoetis
Inc
145,310
Total
Pharmaceuticals
213,527
Real
Estate
Management
&
Development
-
0.0%
204
Compass
Inc,
Class
A
(2)
779
Road
&
Rail
-
2.0%
3,110
CSX
Corp
100,546
Semiconductors
&
Semiconductor
Equipment
-
8.9%
620
Advanced
Micro
Devices
Inc
(2)
58,571
598
Analog
Devices
Inc
102,832
290
ASML
Holding
NV
166,588
639
NVIDIA
Corp
116,062
Total
Semiconductors
&
Semiconductor
Equipment
444,053
Software
-
18.0%
121
Adobe
Inc
(2)
49,625
211
Atlassian
Corp
PLC,
Class
A
(2)
44,166
324
Intuit
Inc
147,799
1,971
Microsoft
Corp
553,339
123
Palo
Alto
Networks
Inc
(2)
61,389
107
ServiceNow
Inc
(2)
47,793
Total
Software
904,111
Textiles,
Apparel
&
Luxury
Goods
-
4.1%
292
Lululemon
Athletica
Inc
(2)
90,669
982
NIKE
Inc,
Class
B
112,851
Total
Textiles,
Apparel
&
Luxury
Goods
203,520
Total
Long-Term
Investments
(cost
$5,559,170)
4,988,522
Other
Assets
Less
Liabilities
-
0.6%
27,832
Net
Assets
-
100%
$
5,016,354
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).
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
$
4,988,522
$
–
$
–
$
4,988,522
Total
$
4,988,522
$
–
$
–
$
4,988,522
For
Fund
portfolio
compliance
purposes,
the
Fund’s
industry
classifications
refer
to
any
one
or
more
of
the
industry
sub-classifications
used
by
one
or
more
widely
recognized
market
indexes
or
ratings
group
indexes,
and/or
as
defined
by
Fund
management.
This
definition
may
not
apply
for
purposes
of
this
report,
which
may
combine
industry
sub-classifications
into
sectors
for
reporting
ease.
(1)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(2)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
ADR
American
Depositary
Receipt