0001752724-19-134521.txt : 20190927 0001752724-19-134521.hdr.sgml : 20190927 20190927092543 ACCESSION NUMBER: 0001752724-19-134521 CONFORMED SUBMISSION TYPE: NPORT-EX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190731 FILED AS OF DATE: 20190927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUVEEN INVESTMENT FUNDS INC CENTRAL INDEX KEY: 0000820892 IRS NUMBER: 411418224 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-EX SEC ACT: 1940 Act SEC FILE NUMBER: 811-05309 FILM NUMBER: 191119820 BUSINESS ADDRESS: STREET 1: 333 WEST WACKER DR. CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 312-917-8146 MAIL ADDRESS: STREET 1: 333 WEST WACKER DR. CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: FIRST AMERICAN INVESTMENT FUNDS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SECURAL MUTUAL FUNDS INC DATE OF NAME CHANGE: 19910627 0000820892 S000005569 Nuveen Small Cap Select Fund C000015168 Class A EMGRX C000015170 Class C FHMCX C000015171 Class R3 ASEIX C000015172 Class I ARSTX C000199174 Class R6 ASEFX ACCESSION NUMBER: 0001752724-19-133834 NPORT-EX 1 Invest_Funds_Inc_Tr.htm
Nuveen Dividend Value Fund
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    LONG-TERM INVESTMENTS – 98.5%        
    COMMON STOCKS – 98.5%        
    Aerospace & Defense – 1.9%        
99,662   L3 Technologies Inc.       $20,689,831
    Airlines – 1.5%        
258,827   Alaska Air Group Inc.       16,399,279
    Banks – 7.6%        
431,798   Citigroup Inc.       30,726,746
298,307   JPMorgan Chase & Co       34,603,612
1,021,109   KeyCorp       18,757,772
    Total Banks       84,088,130
    Biotechnology – 2.9%        
237,469   AbbVie Inc.       15,820,185
253,714   Gilead Sciences Inc.       16,623,341
    Total Biotechnology       32,443,526
    Capital Markets – 3.3%        
392,142   E*TRADE Financial Corp       19,132,608
402,900   Morgan Stanley       17,953,224
    Total Capital Markets       37,085,832
    Chemicals – 4.9%        
130,029   Celanese Corp       14,585,353
313,413   CF Industries Holdings Inc.       15,532,748
126,483   Linde PLC       24,193,668
    Total Chemicals       54,311,769
    Communications Equipment – 3.2%        
285,206   Cisco Systems Inc.       15,800,413
116,317   Motorola Solutions Inc.       19,303,969
    Total Communications Equipment       35,104,382
    Consumer Finance – 3.5%        
157,086   American Express Co       19,536,786
219,715   Discover Financial Services       19,717,224
    Total Consumer Finance       39,254,010
    Diversified Telecommunication Services – 7.3%        
1,282,949   AT&T Inc.       43,684,415
      1

Nuveen Dividend Value Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    Diversified Telecommunication Services (continued)        
686,086   Verizon Communications Inc.       $37,919,973
    Total Diversified Telecommunication Services       81,604,388
    Electric Utilities – 4.4%        
417,757   Evergy Inc.       25,270,121
541,577   FirstEnergy Corp       23,813,141
    Total Electric Utilities       49,083,262
    Electrical Equipment – 1.3%        
114,745   Hubbell Inc.       14,903,081
    Entertainment – 2.9%        
222,308   Walt Disney Co       31,792,267
    Equity Real Estate Investment Trust – 2.7%        
126,139   Crown Castle International Corp       16,809,283
115,471   Digital Realty Trust Inc.       13,205,264
    Total Equity Real Estate Investment Trust       30,014,547
    Food Products – 1.8%        
257,140   Tyson Foods Inc.       20,442,630
    Health Care Providers & Services – 5.9%        
58,064   Anthem Inc.       17,106,235
106,040   Cigna Corp       18,018,317
122,380   UnitedHealth Group Inc.       30,473,844
    Total Health Care Providers & Services       65,598,396
    Hotels, Restaurants & Leisure – 1.3%        
496,151   MGM Resorts International       14,894,453
    Household Durables – 2.3%        
1,798,339   Newell Brands Inc.       25,518,430
    Insurance – 4.8%        
338,416   Hartford Financial Services Group Inc.       19,502,914
176,453   Marsh & McLennan Cos Inc.       17,433,556
702,744   Old Republic International Corp       16,029,591
    Total Insurance       52,966,061
    IT Services – 3.3%        
247,022   DXC Technology Co       13,776,417
172,609   Fidelity National Information Services Inc.       23,000,149
    Total IT Services       36,776,566
    Machinery – 1.4%        
117,164   Caterpillar Inc.       15,426,984
2      

Shares   Description (1)       Value
    Media – 2.2%        
579,240   Comcast Corp, Class A       $25,005,791
    Mortgage Real Estate Investment Trust – 3.8%        
1,386,629   AGNC Investment Corp       23,766,821
797,963   Starwood Property Trust Inc.       18,536,680
    Total Mortgage Real Estate Investment Trust       42,303,501
    Multiline Retail – 1.9%        
239,857   Target Corp       20,723,645
    Multi-Utilities – 3.3%        
186,688   Ameren Corp       14,130,415
404,750   Public Service Enterprise Group Inc.       23,131,462
    Total Multi-Utilities       37,261,877
    Oil, Gas & Consumable Fuels – 4.9%        
295,036   Chevron Corp       36,321,882
727,699   Williams Cos Inc.       17,930,503
    Total Oil, Gas & Consumable Fuels       54,252,385
    Personal Products – 1.4%        
271,716   Unilever NV       15,688,882
    Pharmaceuticals – 2.4%        
166,379   Allergan PLC       26,703,829
    Road & Rail – 1.9%        
305,790   CSX Corp       21,527,616
    Semiconductors & Semiconductor Equipment – 4.0%        
37,953   Broadcom Inc.       11,005,990
452,872   Marvell Technology Group Ltd       11,892,419
146,097   QUALCOMM Inc.       10,688,456
94,755   Xilinx Inc.       10,821,969
    Total Semiconductors & Semiconductor Equipment       44,408,834
    Software – 1.5%        
119,332   Microsoft Corp       16,261,372
    Specialty Retail – 1.4%        
202,229   Best Buy Co Inc., (2)       15,476,585
    Tobacco – 1.6%        
370,928   Altria Group Inc.       17,459,581
    Total Long-Term Investments (cost $925,558,197)       1,095,471,722
    
      3

Nuveen Dividend Value Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1) Coupon     Value
    INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.0%      
    MONEY MARKET FUNDS – 0.0%        
393,750   First American Government Obligations Fund, Class X, (3) 2.243% (4)     $393,750
    Total Investments Purchased with Collateral from Securities Lending (cost $393,750)     393,750
    
Shares   Description (1) Coupon     Value
    SHORT-TERM INVESTMENTS – 3.0%        
    MONEY MARKET FUNDS – 3.0%        
33,511,509   First American Treasury Obligations Fund, Class Z 2.169% (4)     $33,511,509
    Total Short-Term Investments (cost $33,511,509)       33,511,509
    Total Investments (cost $959,463,456) – 101.5%       1,129,376,981
    Other Assets Less Liabilities – (1.5)%       (16,627,061)
    Net Assets – 100%       $1,112,749,920
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
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. A three-tier hierarchy 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 the reporting entity’s own 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 inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Common Stocks $1,095,471,722 $ — $ — $1,095,471,722
Investments Purchased with Collateral from Securities Lending 393,750  —  — 393,750
Short-Term Investments:        
Money Market Funds 33,511,509  —  — 33,511,509
Total $1,129,376,981 $ — $ — $1,129,376,981
4      

  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) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $382,650.  
(3) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.  
(4) The rate shown is the annualized seven-day subsidized yield as of the end of the reporting period.  
      5

Nuveen Mid Cap Value Fund
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    LONG-TERM INVESTMENTS – 99.2%        
    COMMON STOCKS – 99.2%        
    Aerospace & Defense – 2.7%        
43,865   L3 Technologies Inc.       $9,106,374
    Airlines – 2.9%        
69,053   Alaska Air Group Inc.       4,375,198
58,660   United Airlines Holdings Inc, (2)       5,391,441
    Total Airlines       9,766,639
    Auto Components – 1.1%        
95,821   BorgWarner Inc       3,622,034
    Banks – 5.8%        
117,976   East West Bancorp Inc       5,664,028
364,939   KeyCorp       6,703,929
10,596   SVB Financial Group, (2)       2,457,954
100,727   Western Alliance Bancorp       4,979,943
    Total Banks       19,805,854
    Biotechnology – 0.5%        
22,552   United Therapeutics Corp, (2)       1,787,020
    Building Products – 1.4%        
118,178   Masco Corp       4,818,117
    Capital Markets – 5.0%        
90,293   E*TRADE Financial Corp       4,405,396
41,060   Evercore Inc.       3,546,352
52,259   Nasdaq Inc       5,036,200
51,490   Raymond James Financial Inc       4,153,698
    Total Capital Markets       17,141,646
    Chemicals – 4.0%        
49,374   Celanese Corp       5,538,282
163,209   CF Industries Holdings Inc.       8,088,638
    Total Chemicals       13,626,920
    Communications Equipment – 1.3%        
27,230   Motorola Solutions Inc.       4,519,091
    Consumer Finance – 1.9%        
72,007   Discover Financial Services       6,461,908
6      

Shares   Description (1)       Value
    Diversified Financial Services – 1.8%        
111,199   Voya Financial Inc       $6,246,048
    Electric Utilities – 4.0%        
89,343   Evergy Inc.       5,404,358
184,421   FirstEnergy Corp       8,108,991
    Total Electric Utilities       13,513,349
    Electrical Equipment – 1.8%        
42,203   AMETEK Inc       3,781,811
17,543   Hubbell Inc.       2,278,485
    Total Electrical Equipment       6,060,296
    Energy Equipment & Services – 0.8%        
86,354   Apergy Corp, (2)       2,809,096
    Entertainment – 1.6%        
44,495   Take-Two Interactive Software Inc, (2)       5,451,527
    Equity Real Estate Investment Trust – 11.7%        
303,690   Brandywine Realty Trust       4,479,428
55,112   Digital Realty Trust Inc.       6,302,608
13,910   Essex Property Trust Inc.       4,203,880
162,684   First Industrial Realty Trust Inc       6,212,902
39,989   Mid-America Apartment Communities Inc.       4,712,304
135,293   Park Hotels & Resorts Inc.       3,573,088
71,457   SL Green Realty Corp       5,793,734
178,770   Washington Real Estate Investment Trust       4,817,851
    Total Equity Real Estate Investment Trust       40,095,795
    Food Products – 1.7%        
72,355   Tyson Foods Inc.       5,752,222
    Health Care Equipment & Supplies – 2.5%        
5,089   Teleflex Inc       1,728,937
49,008   Zimmer Biomet Holdings Inc       6,622,451
    Total Health Care Equipment & Supplies       8,351,388
    Health Care Providers & Services – 1.9%        
80,387   Centene Corp, (2)       4,187,359
14,364   Cigna Corp       2,440,731
    Total Health Care Providers & Services       6,628,090
    Hotels, Restaurants & Leisure – 3.3%        
32,276   Hyatt Hotels Corp       2,496,549
179,783   MGM Resorts International       5,397,086
      7

Nuveen Mid Cap Value Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    Hotels, Restaurants & Leisure (continued)        
29,751   Royal Caribbean Cruises Ltd       $3,461,231
    Total Hotels, Restaurants & Leisure       11,354,866
    Household Durables – 2.5%        
91,055   DR Horton Inc       4,182,156
317,537   Newell Brands Inc.       4,505,850
    Total Household Durables       8,688,006
    Independent Power & Renewable Electricity Producers – 1.2%        
121,944   NRG Energy Inc       4,163,168
    Insurance – 5.7%        
131,579   Hartford Financial Services Group Inc.       7,582,898
296,629   Old Republic International Corp       6,766,107
25,281   Willis Towers Watson PLC       4,935,357
    Total Insurance       19,284,362
    IT Services – 3.7%        
64,344   DXC Technology Co       3,588,465
39,713   Fiserv Inc, (2)       4,186,909
202,855   Perspecta Inc       4,732,607
    Total IT Services       12,507,981
    Leisure Products – 1.5%        
101,867   Brunswick Corporation       5,007,782
    Machinery – 2.5%        
46,798   Crane Co       3,916,993
22,435   Ingersoll-Rand PLC       2,774,312
10,062   Parker-Hannifin Corp       1,761,655
    Total Machinery       8,452,960
    Media – 1.1%        
245,777   TEGNA Inc       3,733,353
    Metals & Mining – 0.5%        
53,201   Steel Dynamics Inc       1,676,364
    Mortgage Real Estate Investment Trust – 2.1%        
314,119   Starwood Property Trust Inc.       7,296,984
    Multiline Retail – 1.5%        
37,049   Dollar General Corp       4,965,307
    Multi-Utilities – 6.2%        
73,117   Ameren Corp       5,534,226
109,271   CenterPoint Energy Inc       3,169,952
8      

Shares   Description (1)       Value
    Multi-Utilities (continued)        
228,993   NiSource Inc       $6,798,802
101,787   Public Service Enterprise Group Inc.       5,817,127
    Total Multi-Utilities       21,320,107
    Oil, Gas & Consumable Fuels – 4.1%        
82,039   HollyFrontier Corp       4,083,081
375,944   Marathon Oil Corp       5,289,532
188,824   Williams Cos Inc.       4,652,623
    Total Oil, Gas & Consumable Fuels       14,025,236
    Pharmaceuticals – 0.9%        
96,559   Elanco Animal Health Inc, (2)       3,182,585
    Real Estate Management & Development – 1.1%        
25,434   Jones Lang LaSalle Inc       3,705,479
    Road & Rail – 2.0%        
23,434   Genesee & Wyoming Inc, (2), (3)       2,573,287
34,951   Kansas City Southern       4,324,837
    Total Road & Rail       6,898,124
    Semiconductors & Semiconductor Equipment – 1.4%        
178,280   Marvell Technology Group Ltd       4,681,633
    Software – 2.0%        
17,184   Autodesk Inc, (2)       2,683,625
31,651   Synopsys Inc, (2)       4,201,987
    Total Software       6,885,612
    Specialty Retail – 1.5%        
66,465   Best Buy Co Inc.       5,086,566
    Total Long-Term Investments (cost $305,873,656)       338,479,889
    
Shares   Description (1) Coupon     Value
    INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.1%      
    MONEY MARKET FUNDS – 0.1%        
492,800   First American Government Obligations Fund, Class X, (4) 2.243% (5)     $492,800
    Total Investments Purchased with Collateral from Securities Lending (cost $492,800)     492,800
    
      9

Nuveen Mid Cap Value Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1) Coupon     Value
    SHORT-TERM INVESTMENTS – 0.6%        
    MONEY MARKET FUNDS – 0.6%        
2,128,833   First American Treasury Obligations Fund, Class Z 2.169% (5)     $2,128,833
    Total Short-Term Investments (cost $2,128,833)       2,128,833
    Total Investments (cost $308,495,289) – 99.9%       341,101,522
    Other Assets Less Liabilities – 0.1%       271,676
    Net Assets – 100%       $341,373,198
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
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. A three-tier hierarchy 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 the reporting entity’s own 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 inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Common Stocks $338,479,889 $ — $ — $338,479,889
Investments Purchased with Collateral from Securities Lending 492,800  —  — 492,800
Short-Term Investments:        
Money Market Funds 2,128,833  —  — 2,128,833
Total $341,101,522 $ — $ — $341,101,522
    
  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 a dividend within the past twelve months.  
(3) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $483,164.  
(4) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.  
(5) The rate shown is the annualized seven-day subsidized yield as of the end of the reporting period.  
10      

      11

Nuveen Small Cap Value Fund
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    LONG-TERM INVESTMENTS – 99.2%        
    COMMON STOCKS – 99.2%        
    Aerospace & Defense – 0.5%        
239,640   Parsons Corp, (2)       $8,797,184
    Air Freight & Logistics – 1.3%        
1,004,980   Air Transport Services Group Inc., (2)       23,426,084
    Auto Components – 1.9%        
463,699   Cooper Tire & Rubber Co       12,482,777
1,293,506   Dana Inc.       21,614,485
    Total Auto Components       34,097,262
    Banks – 18.2%        
600,352   Banner Corp       35,576,859
579,063   Berkshire Hills Bancorp Inc.       18,993,266
943,102   Cathay General Bancorp       35,102,256
982,279   First Busey Corp       26,551,001
568,909   Heartland Financial USA Inc.       27,358,834
447,340   IBERIABANK Corp       35,147,504
481,948   Pinnacle Financial Partners Inc.       29,273,522
573,931   Preferred Bank/Los Angeles CA       31,101,321
707,305   Renasant Corp       25,385,176
664,062   Sterling Bancorp/DE       14,509,755
412,349   Western Alliance Bancorp       20,386,535
377,292   Wintrust Financial Corp       26,991,470
    Total Banks       326,377,499
    Beverages – 1.4%        
1,754,211   Primo Water Corp, (2)       25,909,696
    Building Products – 2.1%        
901,239   Gibraltar Industries Inc.       37,347,345
    Capital Markets – 2.9%        
308,260   Evercore Inc.       26,624,416
322,393   Piper Jaffray Cos       24,920,979
    Total Capital Markets       51,545,395
    Chemicals – 1.3%        
441,384   Minerals Technologies Inc.       23,503,698
12      

Shares   Description (1)       Value
    Commercial Services & Supplies – 3.9%        
367,317   Brink's Company       $33,117,301
1,054,441   Quad/Graphics Inc., (3)       11,925,727
719,758   SP Plus Corp, (2)       24,853,244
    Total Commercial Services & Supplies       69,896,272
    Communications Equipment – 4.3%        
462,134   NETGEAR Inc., (2)       15,643,236
671,021   Plantronics Inc.       25,767,206
1,358,016   Radware Ltd, (2)       35,824,462
    Total Communications Equipment       77,234,904
    Construction & Engineering – 2.2%        
512,617   Aegion Corp, (2)       9,662,830
285,073   EMCOR Group Inc.       24,057,311
452,350   Tutor Perini Corp, (2)       5,907,691
    Total Construction & Engineering       39,627,832
    Diversified Telecommunication Services – 1.1%        
1,526,901   Vonage Holdings Corp, (2)       18,933,572
    Electronic Equipment, Instruments & Components – 3.4%        
451,639   Avnet Inc.       20,513,443
255,374   SYNNEX Corp       25,164,554
1,423,045   TTM Technologies Inc., (2)       14,885,051
    Total Electronic Equipment, Instruments & Components       60,563,048
    Energy Equipment & Services – 2.8%        
559,570   Apergy Corp, (2)       18,202,812
805,098   Helix Energy Solutions Group Inc., (2)       7,052,659
1,432,285   ProPetro Holding Corp, (2)       25,967,327
    Total Energy Equipment & Services       51,222,798
    Equity Real Estate Investment Trust – 10.1%        
1,835,727   Brandywine Realty Trust       27,076,973
942,502   Kite Realty Group Trust       14,995,207
1,177,919   Preferred Apartment Communities Inc.       17,068,046
598,233   Retail Opportunity Investments Corp       10,851,947
1,685,134   RLJ Lodging Trust       29,119,115
973,144   STAG Industrial Inc.       28,921,840
2,355,263   Summit Hotel Properties Inc.       26,166,972
993,302   Washington Real Estate Investment Trust       26,769,489
    Total Equity Real Estate Investment Trust       180,969,589
    Food Products – 1.5%        
1,867,815   Hostess Brands Inc., (2)       26,373,548
      13

Nuveen Small Cap Value Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    Gas Utilities – 2.6%        
590,708   South Jersey Industries Inc.       $20,113,608
332,442   Spire Inc.       27,396,545
    Total Gas Utilities       47,510,153
    Health Care Equipment & Supplies – 1.2%        
685,298   Natus Medical Inc., (2)       21,292,209
    Health Care Providers & Services – 0.8%        
278,696   AMN Healthcare Services Inc., (2)       14,876,792
    Hotels, Restaurants & Leisure – 1.1%        
273,796   Jack in the Box Inc.       19,666,767
    Household Durables – 3.0%        
789,751   La-Z-Boy Inc.       26,053,885
768,380   M/I Homes Inc.       27,177,601
    Total Household Durables       53,231,486
    Insurance – 4.0%        
240,809   AMERISAFE Inc.       15,667,034
286,139   Argo Group International Holdings Ltd       19,583,353
1,451,610   CNO Financial Group Inc.       24,546,725
279,744   Horace Mann Educators Corp       12,152,079
    Total Insurance       71,949,191
    Interactive Media & Services – 1.2%        
1,104,817   Carscom Inc., (2)       20,991,523
    Leisure Products – 0.5%        
184,948   Brunswick Corporation       9,092,044
    Machinery – 1.0%        
1,075,019   Milacron Holdings Corp, (2)       18,103,320
    Media – 1.0%        
330,669   Meredith Corp       18,140,501
    Metals & Mining – 2.2%        
897,170   Allegheny Technologies Inc.       19,531,391
2,643,519   SunCoke Energy Inc.       20,064,309
    Total Metals & Mining       39,595,700
    Mortgage Real Estate Investment Trust – 2.8%        
1,487,048   Invesco Mortgage Capital Inc.       24,506,551
1,483,348   Ladder Capital Corp       24,964,747
    Total Mortgage Real Estate Investment Trust       49,471,298
14      

Shares   Description (1)       Value
    Multi-Utilities – 1.7%        
392,391   Black Hills Corp       $31,057,748
    Oil, Gas & Consumable Fuels – 2.5%        
457,623   Brigham Minerals Inc.       9,816,013
2,885,019   Callon Petroleum Co, (2), (3)       14,194,294
501,898   Delek U.S. Holdings Inc.       21,621,766
    Total Oil, Gas & Consumable Fuels       45,632,073
    Pharmaceuticals – 1.1%        
582,558   Prestige Consumer Healthcare Inc., (2)       20,156,507
    Professional Services – 2.0%        
700,971   CBIZ Inc., (2)       16,381,692
520,117   Korn Ferry       20,430,196
    Total Professional Services       36,811,888
    Semiconductors & Semiconductor Equipment – 1.5%        
158,537   MKS Instruments Inc       13,496,255
256,911   Semtech Corp, (2)       13,582,884
    Total Semiconductors & Semiconductor Equipment       27,079,139
    Software – 1.6%        
276,610   Alarmcom Holdings Inc., (2)       13,805,605
174,999   j2 Global Inc.       15,590,661
    Total Software       29,396,266
    Specialty Retail – 1.7%        
490,272   Aaron's Inc.       30,911,650
    Textiles, Apparel & Luxury Goods – 1.4%        
301,173   Culp Inc.       5,412,079
718,583   G-III Apparel Group Ltd, (2)       20,594,589
    Total Textiles, Apparel & Luxury Goods       26,006,668
    Thrifts & Mortgage Finance – 4.0%        
617,154   Flagstar Bancorp Inc.       21,279,470
1,299,763   Radian Group Inc.       29,634,597
484,287   WSFS Financial Corp       20,519,240
    Total Thrifts & Mortgage Finance       71,433,307
    Water Utilities – 1.4%        
457,757   California Water Service Group       24,439,646
    Total Long-Term Investments (cost $1,717,476,263)       1,782,671,602
    
      15

Nuveen Small Cap Value Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1) Coupon     Value
    INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.8%      
    MONEY MARKET FUNDS – 0.8%        
14,497,350   First American Government Obligations Fund, Class X, (4) 2.243% (5)     $14,497,350
    Total Investments Purchased with Collateral from Securities Lending (cost $14,497,350)     14,497,350
    
Shares   Description (1) Coupon     Value
    SHORT-TERM INVESTMENTS – 0.8%        
    MONEY MARKET FUNDS – 0.8%        
14,290,812   First American Treasury Obligations Fund, Class Z 2.169% (5)     $14,290,812
    Total Short-Term Investments (cost $14,290,812)       14,290,812
    Total Investments (cost $1,746,264,425) – 100.8%       1,811,459,764
    Other Assets Less Liabilities – (0.8)%       (14,581,938)
    Net Assets – 100%       $1,796,877,826
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
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. A three-tier hierarchy 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 the reporting entity’s own 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 inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Common Stocks $1,782,671,602 $ — $ — $1,782,671,602
Investments Purchased with Collateral from Securities Lending 14,497,350  —  — 14,497,350
Short-Term Investments:        
Money Market Funds 14,290,812  —  — 14,290,812
Total $1,811,459,764 $ — $ — $1,811,459,764
16      

  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 a dividend within the past twelve months.  
(3) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $13,698,816.  
(4) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.  
(5) The rate shown is the annualized seven-day subsidized yield as of the end of the reporting period.  
      17

Nuveen Mid Cap Growth Opportunities Fund
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    LONG-TERM INVESTMENTS – 99.0%        
    COMMON STOCKS – 99.0%        
    Aerospace & Defense – 3.8%        
41,516   L3 Technologies Inc.       $8,618,722
16,998   TransDigm Group Inc, (2)       8,251,509
    Total Aerospace & Defense       16,870,231
    Airlines – 1.2%        
84,135   Alaska Air Group Inc.       5,330,794
    Biotechnology – 4.6%        
54,753   BioMarin Pharmaceutical Inc, (2)       4,343,008
39,088   Exact Sciences Corp, (2)       4,499,420
26,507   Sage Therapeutics Inc, (2)       4,250,132
48,250   Sarepta Therapeutics Inc, (2)       7,182,013
    Total Biotechnology       20,274,573
    Building Products – 1.2%        
63,214   Trex Co Inc, (2)       5,167,744
    Capital Markets – 5.4%        
147,542   E*TRADE Financial Corp       7,198,574
48,014   Evercore Inc.       4,146,969
36,062   MSCI Inc       8,194,729
45,061   Nasdaq Inc       4,342,529
    Total Capital Markets       23,882,801
    Chemicals – 4.4%        
61,771   Celanese Corp       6,928,853
148,592   CF Industries Holdings Inc.       7,364,219
50,433   Ingevity Corporation, (2)       4,969,668
    Total Chemicals       19,262,740
    Communications Equipment – 1.2%        
93,553   Lumentum Holdings Inc, (2)       5,297,906
    Consumer Finance – 1.4%        
69,576   Discover Financial Services       6,243,750
    Diversified Consumer Services – 1.1%        
44,790   Grand Canyon Education Inc, (2)       4,871,808
18      

Shares   Description (1)       Value
    Electrical Equipment – 1.6%        
77,125   AMETEK Inc       $6,911,171
    Electronic Equipment, Instruments & Components – 2.0%        
73,345   CDW Corp/DE       8,666,445
    Entertainment – 3.0%        
64,335   Take-Two Interactive Software Inc, (2)       7,882,324
75,536   World Wrestling Entertainment Inc       5,497,510
    Total Entertainment       13,379,834
    Equity Real Estate Investment Trust – 1.5%        
26,238   SBA Communications Corp       6,439,068
    Food Products – 1.1%        
60,491   Tyson Foods Inc.       4,809,035
    Health Care Equipment & Supplies – 5.6%        
35,426   DexCom Inc, (2)       5,557,277
47,146   Insulet Corp, (2)       5,796,129
21,658   Teleflex Inc       7,358,089
42,895   Zimmer Biomet Holdings Inc       5,796,401
    Total Health Care Equipment & Supplies       24,507,896
    Health Care Providers & Services – 1.9%        
158,317   Centene Corp, (2)       8,246,733
    Health Care Technology – 0.9%        
59,743   Teladoc Health Inc, (2)       4,076,862
    Hotels, Restaurants & Leisure – 5.0%        
7,423   Chipotle Mexican Grill Inc, (2)       5,905,219
230,196   MGM Resorts International       6,910,484
19,514   Vail Resorts Inc       4,810,591
34,496   Wynn Resorts Ltd       4,486,895
    Total Hotels, Restaurants & Leisure       22,113,189
    Interactive Media & Services – 1.1%        
20,237   IAC/InterActiveCorp       4,837,655
    IT Services – 11.5%        
145,107   Fiserv Inc, (2)       15,298,601
32,356   FleetCor Technologies Inc, (2), (3)       9,194,605
61,125   MAXIMUS Inc       4,493,299
41,655   Okta Inc, (2)       5,449,724
11,731   Shopify Inc, (2)       3,729,050
32,449   VeriSign Inc, (2)       6,849,659
      19

Nuveen Mid Cap Growth Opportunities Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    IT Services (continued)        
38,359   Wixcom Ltd, (2)       $5,697,079
    Total IT Services       50,712,017
    Life Sciences Tools & Services – 1.3%        
295,772   Accelerate Diagnostics Inc, (2)       5,525,021
    Machinery – 3.3%        
72,453   Ingersoll-Rand PLC       8,959,538
32,290   Parker-Hannifin Corp       5,653,333
    Total Machinery       14,612,871
    Multiline Retail – 2.6%        
84,438   Dollar General Corp       11,316,381
    Oil, Gas & Consumable Fuels – 1.1%        
290,015   Parsley Energy Inc       4,811,349
    Pharmaceuticals – 1.5%        
197,318   Elanco Animal Health Inc, (2)       6,503,601
    Professional Services – 1.0%        
67,626   IHS Markit Ltd, (2)       4,356,467
    Road & Rail – 1.2%        
43,949   Kansas City Southern       5,438,249
    Semiconductors & Semiconductor Equipment – 4.0%        
260,967   Marvell Technology Group Ltd       6,852,993
27,891   Monolithic Power Systems Inc       4,132,331
60,080   Xilinx Inc.       6,861,737
    Total Semiconductors & Semiconductor Equipment       17,847,061
    Software – 15.4%        
71,637   Anaplan Inc, (2)       4,079,011
36,083   Aspen Technology Inc, (2)       4,758,265
45,570   Atlassian Corp PLC, (2)       6,385,268
50,801   Autodesk Inc, (2)       7,933,592
122,046   Cadence Design Systems Inc, (2)       9,020,420
32,507   Coupa Software Inc, (2)       4,411,525
35,639   Proofpoint Inc, (2)       4,497,642
51,565   PTC Inc, (2)       3,495,076
85,231   RealPage Inc, (2)       5,325,233
66,684   Splunk Inc, (2)       9,023,012
20,062   Trade Desk Inc/The, (2)       5,282,525
20      

Shares   Description (1)       Value
    Software (continued)        
46,037   Zscaler Inc, (2)       $3,879,538
    Total Software       68,091,107
    Specialty Retail – 6.0%        
40,233   Five Below Inc, (2)       4,725,768
21,791   O'Reilly Automotive Inc, (2)       8,297,141
59,560   Tractor Supply Co       6,480,724
19,716   Ulta Beauty Inc, (2)       6,885,813
    Total Specialty Retail       26,389,446
    Textiles, Apparel & Luxury Goods – 1.1%        
48,065   Ralph Lauren Corp       5,009,815
    Trading Companies & Distributors – 1.0%        
28,229   Watsco Inc       4,590,600
    Total Long-Term Investments (cost $347,154,819)       436,394,220
    
Shares   Description (1) Coupon     Value
    INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 0.0%      
    MONEY MARKET FUNDS – 0.0%        
57,900   First American Government Obligations Fund, Class X, (4) 2.243% (5)     $57,900
    Total Investments Purchased with Collateral from Securities Lending (cost $57,900)     57,900
    
Shares   Description (1) Coupon     Value
    SHORT-TERM INVESTMENTS – 1.1%        
    MONEY MARKET FUNDS – 1.1%        
4,651,711   First American Treasury Obligations Fund, Class Z 2.169% (5)     $4,651,711
    Total Short-Term Investments (cost $4,651,711)       4,651,711
    Total Investments (cost $351,864,430) – 100.1%       441,103,831
    Other Assets Less Liabilities – (0.1)%       (313,774)
    Net Assets – 100%       $440,790,057
      21

Nuveen Mid Cap Growth Opportunities Fund (continued)
Portfolio of Investments    July 31, 2019
(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
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. A three-tier hierarchy 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 the reporting entity’s own 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 inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Common Stocks $436,394,220 $ — $ — $436,394,220
Investments Purchased with Collateral from Securities Lending 57,900  —  — 57,900
Short-Term Investments:        
Money Market Funds 4,651,711  —  — 4,651,711
Total $441,103,831 $ — $ — $441,103,831
    
  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 a dividend within the past twelve months.  
(3) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $56,834.  
(4) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.  
(5) The rate shown is the annualized seven-day subsidized yield as of the end of the reporting period.  
22      

Nuveen Small Cap Growth Opportunities Fund
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    LONG-TERM INVESTMENTS – 98.3%        
    COMMON STOCKS – 96.8%        
    Aerospace & Defense – 4.6%        
42,329   Axon Enterprise Inc, (2)       $2,972,342
47,635   Mercury Systems Inc, (2)       3,883,205
32,762   Moog Inc       2,668,793
    Total Aerospace & Defense       9,524,340
    Banks – 3.3%        
60,383   Cathay General Bancorp       2,247,455
35,968   Pinnacle Financial Partners Inc.       2,184,696
42,055   Preferred Bank/Los Angeles CA       2,278,961
    Total Banks       6,711,112
    Biotechnology – 6.6%        
7,457   Argenx SE, Sponsored ADR, (2)       1,047,410
8,418   Ascendis Pharma A/S, Sponsored ADR, (2), (3)       974,468
12,515   Blueprint Medicines Corp, (2)       1,253,377
55,938   CareDx Inc, (2)       1,833,088
115,827   Coherus Biosciences Inc, (2)       1,948,210
43,129   Fate Therapeutics Inc, (2)       950,995
48,666   Halozyme Therapeutics Inc, (2)       826,835
10,036   Intercept Pharmaceuticals Inc, (2), (3)       630,763
72,251   Iovance Biotherapeutics Inc, (2)       1,776,652
24,518   Repligen Corp, (2)       2,314,254
    Total Biotechnology       13,556,052
    Building Products – 4.2%        
41,102   CSW Industrials Inc       2,902,212
57,937   Gibraltar Industries Inc.       2,400,910
41,979   Trex Co Inc, (2)       3,431,783
    Total Building Products       8,734,905
    Capital Markets – 1.2%        
29,041   Evercore Inc.       2,508,271
    Chemicals – 2.7%        
79,482   GCP Applied Technologies Inc, (2)       1,750,989
39,102   Ingevity Corporation, (2)       3,853,111
    Total Chemicals       5,604,100
      23

Nuveen Small Cap Growth Opportunities Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    Commercial Services & Supplies – 4.6%        
77,223   Casella Waste Systems Inc, (2)       $3,366,923
30,264   MSA Safety Inc       3,188,312
36,113   Tetra Tech Inc       2,860,150
    Total Commercial Services & Supplies       9,415,385
    Communications Equipment – 1.6%        
59,350   Lumentum Holdings Inc, (2)       3,360,990
    Construction & Engineering – 1.5%        
58,778   MasTec Inc, (2)       3,016,487
    Consumer Finance – 1.1%        
45,299   Green Dot Corp, (2)       2,296,206
    Entertainment – 1.3%        
36,488   World Wrestling Entertainment Inc       2,655,597
    Equity Real Estate Investment Trust – 3.5%        
50,152   American Assets Trust Inc       2,327,053
52,979   QTS Realty Trust Inc       2,451,868
81,440   STAG Industrial Inc.       2,420,397
    Total Equity Real Estate Investment Trust       7,199,318
    Food Products – 2.3%        
134,245   Nomad Foods Ltd, (2)       2,989,636
12,960   Sanderson Farms Inc       1,698,019
    Total Food Products       4,687,655
    Health Care Equipment & Supplies – 7.2%        
70,933   AtriCure Inc, (2)       2,275,531
33,880   Glaukos Corp, (2)       2,767,318
13,870   Insulet Corp, (2)       1,705,178
30,935   iRhythm Technologies Inc, (2)       2,571,936
51,532   Merit Medical Systems Inc, (2)       2,033,453
12,359   Penumbra Inc, (2)       2,071,368
52,447   STAAR Surgical Co, (2)       1,537,221
    Total Health Care Equipment & Supplies       14,962,005
    Health Care Providers & Services – 4.1%        
23,651   Amedisys Inc, (2)       3,261,236
53,235   AMN Healthcare Services Inc., (2)       2,841,684
18,520   LHC Group Inc, (2)       2,344,262
    Total Health Care Providers & Services       8,447,182
    Health Care Technology – 3.8%        
41,207   Omnicell Inc, (2)       3,099,179
24      

Shares   Description (1)       Value
    Health Care Technology (continued)        
32,376   Teladoc Health Inc, (2)       $2,209,338
94,896   Vocera Communications Inc, (2)       2,435,980
    Total Health Care Technology       7,744,497
    Hotels, Restaurants & Leisure – 3.2%        
27,040   Eldorado Resorts Inc, (2), (3)       1,220,045
36,683   Jack in the Box Inc.       2,634,940
29,432   Wingstop Inc       2,813,405
    Total Hotels, Restaurants & Leisure       6,668,390
    Household Durables – 0.8%        
50,302   La-Z-Boy Inc.       1,659,463
    Insurance – 1.5%        
34,753   Kinsale Capital Group Inc       3,122,905
    Internet & Direct Marketing Retail – 1.3%        
39,081   Etsy Inc, (2)       2,619,209
    Internet Software & Services – 1.2%        
30,049   NEED SECURITY NAME, (2)       2,400,014
    IT Services – 2.9%        
33,348   InterXion Holding NV, (2)       2,511,104
47,749   MAXIMUS Inc       3,510,029
    Total IT Services       6,021,133
    Leisure Products – 2.3%        
132,300   Callaway Golf Co       2,426,382
64,976   YETI Holdings Inc, (2), (3)       2,258,566
    Total Leisure Products       4,684,948
    Life Sciences Tools & Services – 0.8%        
69,452   NeoGenomics Inc, (2)       1,692,545
    Machinery – 2.5%        
79,024   Altra Industrial Motion Corp       2,270,360
37,974   Chart Industries Inc, (2)       2,868,176
    Total Machinery       5,138,536
    Multiline Retail – 1.0%        
25,079   Ollie's Bargain Outlet Holdings Inc, (2)       2,123,940
    Oil, Gas & Consumable Fuels – 1.3%        
41,436   Brigham Minerals Inc.       888,802
97,844   Matador Resources Co, (2)       1,724,990
    Total Oil, Gas & Consumable Fuels       2,613,792
      25

Nuveen Small Cap Growth Opportunities Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    Pharmaceuticals – 2.3%        
110,987   Horizon Therapeutics Plc, (2)       $2,762,467
17,731   MyoKardia Inc, (2)       965,098
11,709   Reata Pharmaceuticals Inc, (2)       1,061,421
    Total Pharmaceuticals       4,788,986
    Professional Services – 0.8%        
42,509   Korn Ferry       1,669,753
    Semiconductors & Semiconductor Equipment – 4.1%        
52,328   Brooks Automation Inc       2,030,326
119,727   Lattice Semiconductor Corp, (2)       2,315,520
95,125   MACOM Technology Solutions Holdings Inc, (2)       1,866,353
15,603   Monolithic Power Systems Inc       2,311,741
    Total Semiconductors & Semiconductor Equipment       8,523,940
    Software – 12.6%        
155,141   Carbon Black Inc, (2)       2,887,174
22,851   Everbridge Inc, (2)       2,337,657
33,390   j2 Global Inc.       2,974,715
50,858   Mimecast Ltd, (2)       2,420,841
27,697   New Relic Inc, (2)       2,580,530
45,658   Rapid7 Inc, (2)       2,769,158
45,082   RealPage Inc, (2)       2,816,723
141,602   SailPoint Technologies Holding Inc, (2)       2,993,466
37,907   Smartsheet Inc, (2)       1,891,938
34,027   Varonis Systems Inc, (2)       2,446,882
591,081   Videopropulsion Inc, (2), (4)       1
    Total Software       26,119,085
    Specialty Retail – 2.3%        
37,372   Aaron's Inc.       2,356,305
24,777   Children's Place Inc/The       2,419,969
    Total Specialty Retail       4,776,274
    Textiles, Apparel & Luxury Goods – 1.4%        
85,714   Steven Madden Ltd       2,957,990
    Trading Companies & Distributors – 0.9%        
53,037   Beacon Roofing Supply Inc, (2)       1,921,530
    Total Common Stocks (cost $177,600,384)       199,926,535
    
26      

Shares   Description (1)       Value
    EXCHANGE-TRADED FUNDS – 1.5%        
36,947   SPDR S&P Biotech ETF, (3), (5)       $3,165,619
    Total Exchange-Traded Funds (cost $2,942,626)       3,165,619
    Total Long-Term Investments (cost $180,543,010)       203,092,154
    
Shares   Description (1) Coupon     Value
    INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 3.7%      
    MONEY MARKET FUNDS – 3.7%        
7,666,700   First American Government Obligations Fund, Class X, (6) 2.243% (7)     $7,666,700
    Total Investments Purchased with Collateral from Securities Lending (cost $7,666,700)     7,666,700
    
Shares   Description (1) Coupon     Value
    SHORT-TERM INVESTMENTS – 2.8%        
    MONEY MARKET FUNDS – 2.8%        
5,839,988   First American Treasury Obligations Fund, Class Z 2.169% (7)     $5,839,988
    Total Short-Term Investments (cost $5,839,988)       5,839,988
    Total Investments (cost $194,049,698) – 104.8%       216,598,842
    Other Assets Less Liabilities – (4.8)%       (9,966,459)
    Net Assets – 100%       $206,632,383
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
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. A three-tier hierarchy 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 the reporting entity’s own 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).
      27

Nuveen Small Cap Growth Opportunities Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Common Stocks $199,926,534 $ — $1 $199,926,535
Exchange-Traded Funds 3,165,619  —  — 3,165,619
Investments Purchased with Collateral from Securities Lending 7,666,700  —  — 7,666,700
Short-Term Investments:        
Money Market Funds 5,839,988  —  — 5,839,988
Total $216,598,841 $ — $1 $216,598,842
    
  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 a dividend within the past twelve months.  
(3) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $7,406,253.  
(4) Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3.  
(5) A copy of the most recent financial statements for these exchange-traded funds can be obtained directly from the Securities and Exchange Commission on its website at http://www.sec.gov.  
(6) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.  
(7) The rate shown is the annualized seven-day subsidized yield as of the end of the reporting period.  
ADR American Depositary Receipt  
ETF Exchange-Traded Fund  
SPDR Standard & Poor's Depositary Receipt  
28      

Nuveen Large Cap Select Fund
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    LONG-TERM INVESTMENTS – 99.8%        
    COMMON STOCKS – 99.8%        
    Aerospace & Defense – 2.0%        
6,425   L3 Technologies Inc.       $1,333,830
    Airlines – 1.7%        
11,758   United Airlines Holdings Inc, (2)       1,080,678
    Banks – 3.1%        
28,823   Citigroup Inc.       2,051,045
    Biotechnology – 4.6%        
18,083   AbbVie Inc.       1,204,689
14,176   Gilead Sciences Inc.       928,812
5,104   Vertex Pharmaceuticals Inc, (2)       850,428
    Total Biotechnology       2,983,929
    Capital Markets – 3.7%        
25,597   E*TRADE Financial Corp       1,248,877
25,498   Morgan Stanley       1,136,191
    Total Capital Markets       2,385,068
    Chemicals – 3.7%        
23,906   CF Industries Holdings Inc.       1,184,781
6,327   Linde PLC       1,210,229
    Total Chemicals       2,395,010
    Communications Equipment – 4.1%        
25,386   Cisco Systems Inc.       1,406,384
7,460   Motorola Solutions Inc.       1,238,062
    Total Communications Equipment       2,644,446
    Consumer Finance – 2.2%        
15,700   Capital One Financial Corp       1,450,994
    Diversified Telecommunication Services – 5.1%        
52,424   AT&T Inc.       1,785,037
28,268   Verizon Communications Inc.       1,562,373
    Total Diversified Telecommunication Services       3,347,410
    Electric Utilities – 1.8%        
25,703   Exelon Corp       1,158,177
      29

Nuveen Large Cap Select Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    Entertainment – 2.1%        
9,374   Walt Disney Co       $1,340,576
    Equity Real Estate Investment Trust – 4.6%        
4,267   American Tower Corp       902,983
7,789   Crown Castle International Corp       1,037,962
2,052   Equinix Inc       1,030,309
    Total Equity Real Estate Investment Trust       2,971,254
    Food Products – 1.8%        
15,022   Tyson Foods Inc.       1,194,249
    Health Care Providers & Services – 7.7%        
10,343   Cigna Corp       1,757,483
6,542   Humana Inc       1,941,338
5,174   UnitedHealth Group Inc.       1,288,378
    Total Health Care Providers & Services       4,987,199
    Hotels, Restaurants & Leisure – 1.8%        
38,697   MGM Resorts International       1,161,684
    Household Durables – 2.3%        
104,764   Newell Brands Inc.       1,486,601
    Insurance – 3.3%        
18,628   Hartford Financial Services Group Inc.       1,073,532
10,990   Marsh & McLennan Cos Inc.       1,085,812
    Total Insurance       2,159,344
    Interactive Media & Services – 2.3%        
4,219   Facebook Inc, (2)       819,456
15,318   Tencent Holdings Ltd, ADR       712,287
    Total Interactive Media & Services       1,531,743
    Internet & Direct Marketing Retail – 2.6%        
2,799   Alibaba Group Holding Ltd, Sponsored ADR, (2)       484,535
646   Amazon.com Inc, (2)       1,205,940
    Total Internet & Direct Marketing Retail       1,690,475
    IT Services – 8.6%        
15,377   DXC Technology Co       857,575
22,272   Fiserv Inc, (2)       2,348,137
8,725   Mastercard Inc       2,375,556
    Total IT Services       5,581,268
    Media – 2.3%        
34,605   Comcast Corp, Class A       1,493,898
30      

Shares   Description (1)       Value
    Mortgage Real Estate Investment Trust – 1.9%        
74,080   AGNC Investment Corp       $1,269,731
    Multiline Retail – 1.8%        
13,374   Target Corp       1,155,514
    Multi-Utilities – 2.0%        
22,416   Public Service Enterprise Group Inc.       1,281,074
    Pharmaceuticals – 3.4%        
9,365   Allergan PLC       1,503,082
21,508   Elanco Animal Health Inc, (2)       708,904
    Total Pharmaceuticals       2,211,986
    Road & Rail – 2.5%        
13,150   CSX Corp       925,760
6,720   Genesee & Wyoming Inc, (2)       737,923
    Total Road & Rail       1,663,683
    Semiconductors & Semiconductor Equipment – 4.4%        
3,219   Broadcom Inc.       933,478
39,890   Marvell Technology Group Ltd       1,047,511
11,810   QUALCOMM Inc.       864,020
    Total Semiconductors & Semiconductor Equipment       2,845,009
    Software – 11.3%        
2,836   Adobe Inc, (2)       847,567
3,411   Autodesk Inc, (2)       532,696
3,161   Intuit Inc       876,577
24,821   Microsoft Corp       3,382,358
5,244   salesforce.com Inc, (2)       810,198
1,681   ServiceNow Inc, (2)       466,292
2,135   Workday Inc, (2)       426,957
    Total Software       7,342,645
    Specialty Retail – 1.1%        
9,334   Best Buy Co Inc.       714,331
    Total Long-Term Investments (cost $57,944,135)       64,912,851
    
      31

Nuveen Large Cap Select Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1) Coupon     Value
    SHORT-TERM INVESTMENTS – 0.1%        
    MONEY MARKET FUNDS – 0.1%        
58,373   First American Treasury Obligations Fund, Class Z 2.169% (3)     $58,373
    Total Short-Term Investments (cost $58,373)       58,373
    Total Investments (cost $58,002,508) – 99.9%       64,971,224
    Other Assets Less Liabilities – 0.1%       43,784
    Net Assets – 100%       $65,015,008
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
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. A three-tier hierarchy 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 the reporting entity’s own 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 inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Common Stocks $64,912,851 $ — $ — $64,912,851
Short-Term Investments:        
Money Market Funds 58,373  —  — 58,373
Total $64,971,224 $ — $ — $64,971,224
    
  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 a dividend within the past twelve months.  
(3) The rate shown is the annualized seven-day subsidized yield as of the end of the reporting period.  
ADR American Depositary Receipt  
32      

Nuveen Small Cap Select Fund
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    LONG-TERM INVESTMENTS – 98.6%        
    COMMON STOCKS – 98.6%        
    Aerospace & Defense – 1.3%        
15,732   Moog Inc       $1,281,529
    Auto Components – 1.0%        
36,607   Cooper Tire & Rubber Co       985,460
    Banks – 11.3%        
22,541   Banner Corp       1,335,780
35,574   Cathay General Bancorp       1,324,064
20,354   IBERIABANK Corp       1,599,214
17,990   Pinnacle Financial Partners Inc.       1,092,712
25,363   Preferred Bank/Los Angeles CA       1,374,421
34,703   Renasant Corp       1,245,491
51,809   Sterling Bancorp/DE       1,132,027
23,495   Western Alliance Bancorp       1,161,593
14,058   Wintrust Financial Corp       1,005,709
    Total Banks       11,271,011
    Biotechnology – 5.0%        
2,857   Argenx SE, Sponsored ADR, (2)       401,294
3,598   Ascendis Pharma A/S, Sponsored ADR, (2)       416,505
6,986   Blueprint Medicines Corp, (2)       699,648
18,018   CareDx Inc, (2)       590,450
45,015   Coherus Biosciences Inc, (2)       757,152
15,686   Fate Therapeutics Inc, (2)       345,876
23,543   Halozyme Therapeutics Inc, (2)       399,996
4,613   Intercept Pharmaceuticals Inc, (2), (3)       289,927
17,058   Iovance Biotherapeutics Inc, (2)       419,456
6,534   Repligen Corp, (2)       616,744
    Total Biotechnology       4,937,048
    Building Products – 2.9%        
20,245   CSW Industrials Inc       1,429,500
36,000   Gibraltar Industries Inc.       1,491,840
    Total Building Products       2,921,340
    Capital Markets – 1.5%        
16,715   Evercore Inc.       1,443,675
      33

Nuveen Small Cap Select Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    Chemicals – 2.6%        
63,672   Ferro Corp       $937,888
16,292   Ingevity Corporation, (2)       1,605,414
    Total Chemicals       2,543,302
    Commercial Services & Supplies – 4.3%        
33,410   Casella Waste Systems Inc, (2)       1,456,676
53,051   Interface Inc       735,287
11,127   MSA Safety Inc       1,172,229
11,258   Tetra Tech Inc       891,634
    Total Commercial Services & Supplies       4,255,826
    Communications Equipment – 3.8%        
24,913   Lumentum Holdings Inc, (2)       1,410,823
34,411   NETGEAR Inc., (2)       1,164,812
32,181   Plantronics Inc.       1,235,751
    Total Communications Equipment       3,811,386
    Construction & Engineering – 1.7%        
32,692   MasTec Inc, (2)       1,677,753
    Energy Equipment & Services – 0.6%        
30,970   ProPetro Holding Corp, (2)       561,486
    Equity Real Estate Investment Trust – 7.3%        
16,676   American Assets Trust Inc       773,766
82,974   Brandywine Realty Trust       1,223,867
55,084   CareTrust REIT Inc       1,279,601
58,397   Industrial Logistics Properties Trust       1,248,528
47,878   STAG Industrial Inc.       1,422,934
117,963   Summit Hotel Properties Inc.       1,310,569
    Total Equity Real Estate Investment Trust       7,259,265
    Food Products – 2.7%        
80,516   Nomad Foods Ltd, (2)       1,793,092
7,208   Sanderson Farms Inc       944,392
    Total Food Products       2,737,484
    Gas Utilities – 1.8%        
19,725   Southwest Gas Holdings Inc       1,753,750
    Health Care Equipment & Supplies – 3.1%        
34,630   AtriCure Inc, (2)       1,110,930
6,141   Penumbra Inc, (2)       1,029,232
33,834   Wright Medical Group NV, (2)       976,449
    Total Health Care Equipment & Supplies       3,116,611
34      

Shares   Description (1)       Value
    Health Care Providers & Services – 2.7%        
25,774   AMN Healthcare Services Inc., (2)       $1,375,816
10,242   LHC Group Inc, (2)       1,296,433
    Total Health Care Providers & Services       2,672,249
    Hotels, Restaurants & Leisure – 2.4%        
18,100   Jack in the Box Inc.       1,300,123
53,885   Penn National Gaming Inc, (2)       1,051,835
    Total Hotels, Restaurants & Leisure       2,351,958
    Household Durables – 2.3%        
38,060   La-Z-Boy Inc.       1,255,599
15,892   Meritage Homes Corp, (2)       998,177
    Total Household Durables       2,253,776
    Insurance – 2.7%        
84,923   CNO Financial Group Inc.       1,436,048
13,904   Kinsale Capital Group Inc       1,249,413
    Total Insurance       2,685,461
    IT Services – 2.9%        
19,173   InterXion Holding NV, (2)       1,443,727
20,012   MAXIMUS Inc       1,471,082
    Total IT Services       2,914,809
    Leisure Products – 2.6%        
89,030   Callaway Golf Co       1,632,810
27,833   YETI Holdings Inc, (2), (3)       967,475
    Total Leisure Products       2,600,285
    Life Sciences Tools & Services – 1.6%        
35,390   Cambrex Corp, (2)       1,550,082
    Machinery – 1.3%        
46,312   Altra Industrial Motion Corp       1,330,544
    Media – 1.2%        
32,910   New York Times Co       1,174,229
    Mortgage Real Estate Investment Trust – 1.1%        
159,268   MFA Financial Inc       1,143,544
    Multi-Utilities – 1.8%        
22,789   Black Hills Corp       1,803,749
    Oil, Gas & Consumable Fuels – 2.9%        
33,337   Brigham Minerals Inc.       715,079
91,890   Callon Petroleum Co, (2), (3)       452,099
      35

Nuveen Small Cap Select Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
Shares   Description (1)       Value
    Oil, Gas & Consumable Fuels (continued)        
40,503   Delek U.S. Holdings Inc.       $1,744,869
    Total Oil, Gas & Consumable Fuels       2,912,047
    Paper & Forest Products – 2.2%        
22,909   Domtar Corp       972,487
46,290   Louisiana-Pacific Corp       1,210,021
    Total Paper & Forest Products       2,182,508
    Pharmaceuticals – 2.6%        
62,427   Horizon Therapeutics Plc, (2)       1,553,808
30,232   Prestige Consumer Healthcare Inc., (2)       1,046,027
    Total Pharmaceuticals       2,599,835
    Professional Services – 1.3%        
33,228   Korn Ferry       1,305,196
    Road & Rail – 1.1%        
31,155   Knight-Swift Transportation Holdings Inc       1,116,595
    Semiconductors & Semiconductor Equipment – 2.1%        
68,221   Lattice Semiconductor Corp, (2)       1,319,394
41,277   MACOM Technology Solutions Holdings Inc, (2)       809,855
    Total Semiconductors & Semiconductor Equipment       2,129,249
    Software – 7.0%        
57,573   Carbon Black Inc, (2)       1,071,433
11,285   j2 Global Inc.       1,005,381
11,301   Mimecast Ltd, (2)       537,928
10,046   New Relic Inc, (2)       935,986
18,486   Rapid7 Inc, (2)       1,121,176
18,348   RealPage Inc, (2)       1,146,383
56,103   SailPoint Technologies Holding Inc, (2)       1,186,017
    Total Software       7,004,304
    Specialty Retail – 2.4%        
20,366   Aaron's Inc.       1,284,076
10,940   Children's Place Inc/The       1,068,510
    Total Specialty Retail       2,352,586
    Textiles, Apparel & Luxury Goods – 1.2%        
34,422   Steven Madden Ltd       1,187,903
    Thrifts & Mortgage Finance – 2.3%        
79,673   Bridgewater Bancshares Inc, (2)       949,702
36      

Shares   Description (1)       Value
    Thrifts & Mortgage Finance (continued)        
60,364   Radian Group Inc.       $1,376,299
    Total Thrifts & Mortgage Finance       2,326,001
    Total Long-Term Investments (cost $84,909,431)       98,153,836
    
Shares   Description (1) Coupon     Value
    INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 1.6%      
    MONEY MARKET FUNDS – 1.6%        
1,598,336   First American Government Obligations Fund, Class X, (4) 2.243% (5)     $1,598,336
    Total Investments Purchased with Collateral from Securities Lending (cost $1,598,336)     1,598,336
    
Shares   Description (1) Coupon     Value
    SHORT-TERM INVESTMENTS – 1.6%        
    MONEY MARKET FUNDS – 1.6%        
1,629,323   First American Treasury Obligations Fund, Class Z 2.169% (5)     $1,629,323
    Total Short-Term Investments (cost $1,629,323)       1,629,323
    Total Investments (cost $88,137,090) – 101.8%       101,381,495
    Other Assets Less Liabilities – (1.8)%       (1,830,923)
    Net Assets – 100%       $99,550,572
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
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. A three-tier hierarchy 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 the reporting entity’s own 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).
      37

Nuveen Small Cap Select Fund (continued)
Portfolio of Investments    July 31, 2019
(Unaudited)
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Common Stocks $98,153,836 $ — $ — $98,153,836
Investments Purchased with Collateral from Securities Lending 1,598,336  —  — 1,598,336
Short-Term Investments:        
Money Market Funds 1,629,323  —  — 1,629,323
Total $101,381,495 $ — $ — $101,381,495
    
  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 a dividend within the past twelve months.  
(3) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end of the reporting period was $1,539,207.  
(4) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.  
(5) The rate shown is the annualized seven-day subsidized yield as of the end of the reporting period.  
ADR American Depositary Receipt  
REIT Real Estate Investment Trust  
38