# EDGAR Filing Document

**Accession Number:** 0000820892
**File Stem:** 0000820892-25-000035
**Filing Date:** 2025-9
**Character Count:** 104798
**Document Hash:** 94c9dfb8925e008904af58582328bc78
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000820892-25-000035.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000820892-25-000035

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NUVEEN INVESTMENT FUNDS INC
- **CENTRAL INDEX KEY:** 0000820892

**ORGANIZATION NAME:**
- **EIN:** 411418224
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05309
- **FILM NUMBER:** 251346190

**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

## Series and Classes Contracts Data

### Nuveen Small/Mid Cap Growth Opportunities Fund (Series ID: S000005553)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000015111 | Class A      | FRSLX           |
| C000015115 | Class I      | FISGX           |
| C000123979 | Class R6     | FMEFX           |

## Nport-Ex

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025

#### Dividend

#### Value
(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

99.8%

3183354130

COMMON

STOCKS

-

.8

%

3183354130

BANKS

-

6.1%

848,185

Bank

of

America

Corp

$

40,093,705

1,028,003

Citigroup

Inc

96,323,881

723,497

Wells

Fargo

&

Co

58,335,563

TOTAL

BANKS

194,753,149

CAPITAL

GOODS

-

14.8%

217,533

Dover

Corp

39,403,928

156,569

Eaton

Corp

PLC

60,235,226

363,344

Emerson

Electric

Co

52,870,185

172,659

ITT

Inc

29,345,124

521,171

Johnson

Controls

International

plc

54,722,955

541,753

nVent

Electric

PLC

42,484,270

72,944

Parker-Hannifin

Corp

53,387,714

263,487

Regal

Rexnord

Corp

40,281,892

27,324

United

Rentals

Inc

24,125,452

188,779

Vertiv

Holdings

Co,

Class

A

27,486,222

240,393

Westinghouse

Air

Brake

Technologies

Corp

46,167,476

TOTAL

CAPITAL

GOODS

470,510,444

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

1.3%

187,353

Waste

Management

Inc

42,933,813

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

42,933,813

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

2.7%

360,972

(a) Amazon.com

Inc

84,507,155

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

84,507,155

CONSUMER

DURABLES

&

APPAREL

-

1.5%

411,878

Toll

Brothers

Inc

48,749,880

TOTAL

CONSUMER

DURABLES

&

APPAREL

48,749,880

CONSUMER

SERVICES

-

2.9%

212,941

Expedia

Group

Inc

38,376,227

286,991

Travel

+

Leisure

Co

17,004,217

344,868

Wynn

Resorts

Ltd

37,600,958

TOTAL

CONSUMER

SERVICES

92,981,402

ENERGY

-

4.5%

430,157

ConocoPhillips

41,011,168

121,120

EOG

Resources

Inc

14,536,823

2,625,245

Permian

Resources

Corp

37,173,469

713,146

Shell

PLC,

ADR,

ADR

51,496,273

TOTAL

ENERGY

144,217,733

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

8.8%

400,042

Crown

Castle

Inc

42,040,414

177,698

EastGroup

Properties

Inc

29,007,421

176,696

Extra

Space

Storage

Inc

23,740,875

495,535

Prologis

Inc

52,913,227

259,225

Simon

Property

Group

Inc

42,458,463

580,204

Ventas

Inc

38,978,105

1,599,442

VICI

Properties

Inc

52,141,809

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

281,280,314

FINANCIAL

SERVICES

-

9.0%

284,065

Capital

One

Financial

Corp

61,073,975

580,845

Fidelity

National

Information

Services

Inc

46,124,902

364,076

KKR

&

Co

Inc

53,366,260

74,069

Mastercard

Inc,

Class

A

41,957,867

458,027

OneMain

Holdings

Inc

26,469,380

824,796

Synchrony

Financial

57,463,537

TOTAL

FINANCIAL

SERVICES

286,455,921

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### Dividend

#### Value

SHARES

DESCRIPTION

VALUE

FOOD,

BEVERAGE

&

TOBACCO

-

3.9%

1,241,234

Keurig

Dr

Pepper

Inc

$

40,526,290

506,349

Philip

Morris

International

Inc

83,066,553

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

123,592,843

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

8.7%

476,126

Abbott

Laboratories

60,082,340

171,947

(a) Boston

Scientific

Corp

18,040,679

201,497

Cigna

Group/The

53,876,268

681,178

CVS

Health

Corp

42,301,154

73,400

Elevance

Health

Inc

20,778,072

182,244

(a) Tenet

Healthcare

Corp

29,392,312

168,125

UnitedHealth

Group

Inc

41,957,275

103,122

Zimmer

Biomet

Holdings

Inc

9,451,131

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

275,879,231

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

0.5%

701,313

Kenvue

Inc

15,036,151

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

15,036,151

INSURANCE

-

5.0%

150,374

Allstate

Corp/The

30,563,516

105,616

Aon

PLC,

Class

A

37,568,667

866,375

Fidelity

National

Financial

Inc

48,889,541

133,410

Willis

Towers

Watson

PLC

42,132,212

TOTAL

INSURANCE

159,153,936

MATERIALS

-

1.8%

578,205

DuPont

de

Nemours

Inc

41,572,940

325,422

Smurfit

WestRock

PLC

14,442,228

TOTAL

MATERIALS

56,015,168

MEDIA

&

ENTERTAINMENT

-

5.2%

559,014

Alphabet

Inc,

Class

C

107,811,440

76,263

Meta

Platforms

Inc

58,984,855

TOTAL

MEDIA

&

ENTERTAINMENT

166,796,295

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

2.6%

301,824

Danaher

Corp

59,507,620

1,691,182

(a) Elanco

Animal

Health

Inc

23,135,370

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

82,642,990

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

4.6%

109,458

Applied

Materials

Inc

19,709,007

187,267

Broadcom

Inc

55,000,318

407,540

Lam

Research

Corp

38,651,094

142,599

Taiwan

Semiconductor

Manufacturing

Co

Ltd,

Sponsored

ADR,

ADR

34,454,770

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

147,815,189

SOFTWARE

&

SERVICES

-

4.9%

1,710,228

Gen

Digital

Inc

50,434,624

137,412

Microsoft

Corp

73,309,302

61,639

Roper

Technologies

Inc

33,926,105

TOTAL

SOFTWARE

&

SERVICES

157,670,031

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

1.5%

338,666

TD

SYNNEX

Corp

48,899,984

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

48,899,984

TELECOMMUNICATION

SERVICES

-

2.2%

2,599,187

AT&T

Inc

71,243,716

TOTAL

TELECOMMUNICATION

SERVICES

71,243,716

UTILITIES

-

7.3%

745,302

Alliant

Energy

Corp

48,452,083

262,395

CMS

Energy

Corp

19,364,751

305,910

Duke

Energy

Corp

37,210,893

561,316

FirstEnergy

Corp

23,973,806

906,071

NextEra

Energy

Inc

64,385,405

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

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

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

VALUE

UTILITIES

(continued)

411,006

Southern

Co/The

$

38,831,847

TOTAL

UTILITIES

232,218,785

TOTAL

COMMON

STOCKS

(Cost

$2,612,612,342)

3,183,354,130

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$2,612,612,342)

3,183,354,130

OTHER

ASSETS

&

LIABILITIES,

NET

- 0.2%

6,180,934

NET

ASSETS

-

100%

$

3,189,535,064

ADR

American

Depositary

Receipt

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

Dividend

Value

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

3,183,354,130

$

–

$

–

$

3,183,354,130

Total

$

3,183,354,130

$

–

$

–

$

3,183,354,130

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025

#### Large

#### Cap

#### Select
(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

100.2%

46529555

COMMON

STOCKS

-

.2

%

46529555

BANKS

-

1.4%

6,899

Citigroup

Inc

$

646,436

TOTAL

BANKS

646,436

CAPITAL

GOODS

-

12.6%

2,459

Dover

Corp

445,423

1,762

Eaton

Corp

PLC

677,877

3,197

Emerson

Electric

Co

465,195

7,264

Johnson

Controls

International

plc

762,720

5,389

nVent

Electric

PLC

422,605

819

Parker-Hannifin

Corp

599,426

3,795

Regal

Rexnord

Corp

580,180

753

Trane

Technologies

PLC

329,874

United

Rentals

Inc

325,805

4,743

Vertiv

Holdings

Co,

Class

A

690,581

2,952

Westinghouse

Air

Brake

Technologies

Corp

566,932

TOTAL

CAPITAL

GOODS

5,866,618

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

1.5%

3,046

Waste

Management

Inc

698,021

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

698,021

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

5.2%

10,318

(a) Amazon.com

Inc

2,415,547

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

2,415,547

CONSUMER

DURABLES

&

APPAREL

-

1.5%

6,007

Toll

Brothers

Inc

710,989

TOTAL

CONSUMER

DURABLES

&

APPAREL

710,989

CONSUMER

SERVICES

-

2.8%

2,491

Expedia

Group

Inc

448,928

5,552

Las

Vegas

Sands

Corp

290,925

4,979

Wynn

Resorts

Ltd

542,860

TOTAL

CONSUMER

SERVICES

1,282,713

ENERGY

-

1.9%

31,424

Permian

Resources

Corp

444,964

5,729

Shell

PLC,

ADR,

ADR

413,691

TOTAL

ENERGY

858,655

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

1.3%

5,727

Prologis

Inc

611,529

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

611,529

FINANCIAL

SERVICES

-

9.4%

3,637

Capital

One

Financial

Corp

781,955

6,511

Fidelity

National

Information

Services

Inc

517,038

2,684

(a) Fiserv

Inc

372,915

1,754

Intercontinental

Exchange

Inc

324,192

5,010

KKR

&

Co

Inc

734,366

1,753

Mastercard

Inc,

Class

A

993,022

9,367

Synchrony

Financial

652,599

TOTAL

FINANCIAL

SERVICES

4,376,087

FOOD,

BEVERAGE

&

TOBACCO

-

2.8%

16,008

Keurig

Dr

Pepper

Inc

522,661

4,814

Philip

Morris

International

Inc

789,737

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

1,312,398

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

7.9%

4,922

Abbott

Laboratories

621,107

4,693

(a) Boston

Scientific

Corp

492,390

2,704

Cigna

Group/The

722,996

8,888

CVS

Health

Corp

551,945

861

Elevance

Health

Inc

243,732

3,476

(a) Tenet

Healthcare

Corp

560,609

1,559

UnitedHealth

Group

Inc

389,064

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

VALUE

HEALTH

CARE

EQUIPMENT

&

SERVICES

(continued)

1,059

Zimmer

Biomet

Holdings

Inc

$

97,057

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

3,678,900

INSURANCE

-

3.3%

1,434

Aon

PLC,

Class

A

510,088

9,385

Fidelity

National

Financial

Inc

529,596

2,372

Marsh

&

McLennan

Cos

Inc

472,502

TOTAL

INSURANCE

1,512,186

MATERIALS

-

1.0%

6,357

DuPont

de

Nemours

Inc

457,068

TOTAL

MATERIALS

457,068

MEDIA

&

ENTERTAINMENT

-

8.6%

10,907

Alphabet

Inc,

Class

C

2,103,524

1,887

Meta

Platforms

Inc

1,459,481

(a) Netflix

Inc

415,065

TOTAL

MEDIA

&

ENTERTAINMENT

3,978,070

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

3.4%

3,596

Danaher

Corp

708,987

33,442

(a) Elanco

Animal

Health

Inc

457,487

1,556

(a) United

Therapeutics

Corp

427,433

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

1,593,907

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

15.4%

7,292

Broadcom

Inc

2,141,660

5,958

Lam

Research

Corp

565,057

22,114

NVIDIA

Corp

3,933,417

2,067

Taiwan

Semiconductor

Manufacturing

Co

Ltd,

Sponsored

ADR,

ADR

499,429

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

7,139,563

SOFTWARE

&

SERVICES

-

12.6%

17,079

Gen

Digital

Inc

503,660

8,380

Microsoft

Corp

4,470,730

857

Roper

Technologies

Inc

471,693

(a) ServiceNow

Inc

401,769

TOTAL

SOFTWARE

&

SERVICES

5,847,852

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

4.6%

7,349

Apple

Inc

1,525,432

4,162

TD

SYNNEX

Corp

600,951

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

2,126,383

TELECOMMUNICATION

SERVICES

-

1.1%

19,181

AT&T

Inc

525,751

TOTAL

TELECOMMUNICATION

SERVICES

525,751

UTILITIES

-

1.9%

6,671

Alliant

Energy

Corp

433,682

6,434

NextEra

Energy

Inc

457,200

TOTAL

UTILITIES

890,882

TOTAL

COMMON

STOCKS

(Cost

$31,003,598)

46,529,555

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$31,003,598)

46,529,555

OTHER

ASSETS

&

LIABILITIES,

NET

- (0.2)%

(79,671)

NET

ASSETS

-

100%

$

46,449,884

ADR

American

Depositary

Receipt

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### Large

#### Cap

#### Select

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

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

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:

Large

Cap

Select

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

46,529,555

$

–

$

–

$

46,529,555

Total

$

46,529,555

$

–

$

–

$

46,529,555

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025

#### Mid

#### Cap

#### Value

#### Opportunities
(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

99.9%

375740932

COMMON

STOCKS

-

.9

%

375740932

BANKS

-

4.9%

63,492

East

West

Bancorp

Inc

$

6,365,073

195,663

Fifth

Third

Bancorp

8,133,711

21,378

M&T

Bank

Corp

4,034,028

TOTAL

BANKS

18,532,812

CAPITAL

GOODS

-

19.0%

16,670

Carlisle

Cos

Inc

5,913,016

106,580

Carrier

Global

Corp

7,313,520

44,820

Crane

Co

8,774,411

31,079

Dover

Corp

5,629,650

17,232

Hubbell

Inc

7,538,655

25,467

ITT

Inc

4,328,371

37,021

L3Harris

Technologies

Inc

10,174,111

101,782

nVent

Electric

PLC

7,981,745

44,640

Owens

Corning

6,224,155

36,171

WESCO

International

Inc

7,485,950

TOTAL

CAPITAL

GOODS

71,363,584

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

1.2%

23,909

(a) AutoNation

Inc

4,605,830

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

4,605,830

CONSUMER

DURABLES

&

APPAREL

-

5.3%

61,681

Brunswick

Corp/DE

3,595,385

39,590

DR

Horton

Inc

5,655,036

23,021

Ralph

Lauren

Corp

6,877,524

44,580

(b) Whirlpool

Corp

3,701,923

TOTAL

CONSUMER

DURABLES

&

APPAREL

19,829,868

CONSUMER

SERVICES

-

3.0%

21,249

Darden

Restaurants

Inc

4,285,286

119,281

Travel

+

Leisure

Co

7,067,399

TOTAL

CONSUMER

SERVICES

11,352,685

ENERGY

-

5.7%

96,821

Baker

Hughes

Co

4,361,786

36,973

Diamondback

Energy

Inc

5,496,406

345,598

Permian

Resources

Corp

4,893,668

112,005

Williams

Cos

Inc/The

6,714,700

TOTAL

ENERGY

21,466,560

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

9.1%

28,628

AvalonBay

Communities

Inc

5,332,824

47,199

Digital

Realty

Trust

Inc

8,327,791

64,399

Regency

Centers

Corp

4,598,089

143,758

STAG

Industrial

Inc

4,935,212

95,489

Ventas

Inc

6,414,951

188,122

Weyerhaeuser

Co

4,712,456

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

34,321,323

FINANCIAL

SERVICES

-

6.1%

114,316

Jefferies

Financial

Group

Inc

6,591,461

133,488

OneMain

Holdings

Inc

7,714,271

52,032

Raymond

James

Financial

Inc

8,696,108

TOTAL

FINANCIAL

SERVICES

23,001,840

FOOD,

BEVERAGE

&

TOBACCO

-

2.2%

185,612

Primo

Brands

Corp

5,124,747

102,881

The

Campbell's

Company

3,283,962

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

8,408,709

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

1.8%

12,911

Humana

Inc

3,226,072

123,713

(a) Option

Care

Health

Inc

3,630,976

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

6,857,048

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### Mid

#### Cap

#### Value

#### Opportunities

SHARES

DESCRIPTION

VALUE

INSURANCE

-

5.0%

29,151

Allstate

Corp/The

$

5,924,941

88,378

Arch

Capital

Group

Ltd

7,605,811

71,377

Unum

Group

5,125,582

TOTAL

INSURANCE

18,656,334

MATERIALS

-

6.1%

91,376

DuPont

de

Nemours

Inc

6,569,935

31,021

Nucor

Corp

4,438,175

22,802

Reliance

Inc

6,615,544

65,748

Westlake

Corp

5,213,816

TOTAL

MATERIALS

22,837,470

MEDIA

&

ENTERTAINMENT

-

1.8%

30,705

(a) Take-Two

Interactive

Software

Inc

6,838,925

TOTAL

MEDIA

&

ENTERTAINMENT

6,838,925

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

6.9%

66,941

(a) BioMarin

Pharmaceutical

Inc

3,872,537

492,180

(a) Elanco

Animal

Health

Inc

6,733,022

153,700

(a) Exelixis

Inc

5,567,014

43,526

(a) Jazz

Pharmaceuticals

PLC

4,989,385

17,805

(a) United

Therapeutics

Corp

4,891,034

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

26,052,992

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

2.1%

50,593

Marvell

Technology

Inc

4,066,160

55,643

Microchip

Technology

Inc

3,760,910

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

7,827,070

SOFTWARE

&

SERVICES

-

4.0%

29,345

(a) Check

Point

Software

Technologies

Ltd

5,464,039

186,624

Gen

Digital

Inc

5,503,542

14,615

VeriSign

Inc

3,929,535

TOTAL

SOFTWARE

&

SERVICES

14,897,116

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

7.1%

77,056

(a) Ciena

Corp

7,153,879

82,945

Crane

NXT

Co

4,921,956

275,673

Hewlett

Packard

Enterprise

Co

5,703,675

60,526

TD

SYNNEX

Corp

8,739,349

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

26,518,859

UTILITIES

-

8.6%

127,374

Alliant

Energy

Corp

8,280,584

71,948

American

Electric

Power

Co

Inc

8,140,197

70,209

CMS

Energy

Corp

5,181,424

61,280

Eversource

Energy

4,050,608

157,319

FirstEnergy

Corp

6,719,094

TOTAL

UTILITIES

32,371,907

TOTAL

COMMON

STOCKS

(Cost

$271,688,420)

375,740,932

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$271,688,420)

375,740,932

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

0.4%

1,574,505

(c) State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

.320

%

(d) 1,574,505

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(Cost

$1,574,505)

1,574,505

TOTAL

INVESTMENTS

-

.3

%

(Cost

$

273,262,925)

377,315,437

OTHER

ASSETS

&

LIABILITIES,

NET

- (0.3)%

(1,147,239)

NET

ASSETS

-

100%

$

376,168,198

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

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

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

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:

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(b) 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

$1,528,766.

(c) Investments

made

with

cash

collateral

received

from

securities

on

loan.

(d) The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

Mid

Cap

Value

Opportunities

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

375,740,932

$

–

$

–

$

375,740,932

Investments

Purchased

with

Collateral

from

Securities

Lending

1,574,505

–

–

1,574,505

Total

$

377,315,437

$

–

$

–

$

377,315,437

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025

#### Small

#### Cap

#### Growth

#### Opportunities
(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

98.4%

232146908

COMMON

STOCKS

-

.4

%

232146908

AUTOMOBILES

&

COMPONENTS

-

2.4%

17,190

(a) Modine

Manufacturing

Co

$

2,313,087

34,847

Patrick

Industries

Inc

3,388,522

TOTAL

AUTOMOBILES

&

COMPONENTS

5,701,609

BANKS

-

2.7%

48,076

Ameris

Bancorp

3,285,995

33,158

Preferred

Bank/Los

Angeles

CA

3,011,409

TOTAL

BANKS

6,297,404

CAPITAL

GOODS

-

16.6%

30,788

AAON

Inc

2,570,798

15,728

(a) AeroVironment

Inc

4,209,442

13,899

Applied

Industrial

Technologies

Inc

3,773,579

22,801

(a) Chart

Industries

Inc

4,533,523

17,449

ESCO

Technologies

Inc

3,379,871

36,584

Federal

Signal

Corp

4,630,437

74,551

(a) Kratos

Defense

&

Security

Solutions

Inc

4,376,144

27,414

(a) SPX

Technologies

Inc

5,000,039

40,852

(a) Trex

Co

Inc

2,624,332

89,445

Zurn

Elkay

Water

Solutions

Corp

3,957,941

TOTAL

CAPITAL

GOODS

39,056,106

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

5.9%

148,613

(a) ACV

Auctions

Inc,

Class

A

2,111,791

30,948

(a) Casella

Waste

Systems

Inc,

Class

A

3,364,976

42,313

(a) CBIZ

Inc

2,586,171

79,917

(a) ExlService

Holdings

Inc

3,470,795

18,318

(a) Huron

Consulting

Group

Inc

2,419,441

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

13,953,174

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

3.1%

20,998

(a) Boot

Barn

Holdings

Inc

3,609,556

27,776

(a) Ollie's

Bargain

Outlet

Holdings

Inc

3,795,035

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

7,404,591

CONSUMER

DURABLES

&

APPAREL

-

1.6%

75,780

Steven

Madden

Ltd

1,819,099

65,938

(a) Tri

Pointe

Homes

Inc

2,030,890

TOTAL

CONSUMER

DURABLES

&

APPAREL

3,849,989

CONSUMER

SERVICES

-

4.8%

23,860

(a) Planet

Fitness

Inc

2,605,273

79,091

Red

Rock

Resorts

Inc,

Class

A

4,852,233

10,375

Wingstop

Inc

3,914,903

TOTAL

CONSUMER

SERVICES

11,372,409

ENERGY

-

2.4%

55,903

Matador

Resources

Co

2,788,442

100,072

Northern

Oil

&

Gas

Inc

2,818,027

TOTAL

ENERGY

5,606,469

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

1.9%

73,441

CareTrust

REIT

Inc

2,335,424

12,980

EastGroup

Properties

Inc

2,118,855

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

4,454,279

FINANCIAL

SERVICES

-

5.0%

35,434

FirstCash

Holdings

Inc

4,722,998

49,552

Moelis

&

Co,

Class

A

3,475,577

11,276

Piper

Sandler

Cos

3,555,548

TOTAL

FINANCIAL

SERVICES

11,754,123

FOOD,

BEVERAGE

&

TOBACCO

-

1.2%

77,285

(a) Vital

Farms

Inc

2,875,002

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

2,875,002

SHARES

DESCRIPTION

VALUE

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

13.0%

34,259

(a) Addus

HomeCare

Corp

$

3,658,176

221,131

(a) Alphatec

Holdings

Inc

2,339,566

26,936

Ensign

Group

Inc/The

4,040,400

35,113

(a),(b)

Establishment

Labs

Holdings

Inc

1,473,166

45,157

(a) HealthEquity

Inc

4,380,229

32,276

(a) Lantheus

Holdings

Inc

2,297,728

122,898

(a) Privia

Health

Group

Inc

2,398,969

35,059

(a) PROCEPT

BioRobotics

Corp

1,700,712

56,020

(a) RadNet

Inc

3,065,975

156,529

(a) SI-BONE

Inc

2,665,689

70,453

(a) Waystar

Holding

Corp

2,605,352

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

30,625,962

HOUSEHOLD

&

PERSONAL

PRODUCTS

-

0.8%

32,797

(a) BellRing

Brands

Inc

1,790,060

TOTAL

HOUSEHOLD

&

PERSONAL

PRODUCTS

1,790,060

INSURANCE

-

1.8%

15,879

(a) Palomar

Holdings

Inc

2,103,809

44,309

(a) Skyward

Specialty

Insurance

Group

Inc

2,241,149

TOTAL

INSURANCE

4,344,958

MATERIALS

-

2.7%

55,474

Commercial

Metals

Co

2,876,882

43,194

(a) Knife

River

Corp

3,562,641

TOTAL

MATERIALS

6,439,523

MEDIA

&

ENTERTAINMENT

-

1.5%

156,381

(a) Magnite

Inc

3,598,327

591,081

(a),(c)

Videopropulsion

Inc

5,911

TOTAL

MEDIA

&

ENTERTAINMENT

3,604,238

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

7.7%

96,689

(a) ADMA

Biologics

Inc

1,808,084

53,786

(a) Alkermes

PLC

1,424,791

38,647

(a) ANI

Pharmaceuticals

Inc

2,448,287

26,939

(a) Axsome

Therapeutics

Inc

2,731,076

37,423

(a) Bridgebio

Pharma

Inc

1,768,985

43,140

(a) Crinetics

Pharmaceuticals

Inc

1,233,373

9,701

(a) Krystal

Biotech

Inc

1,492,693

20,434

(a) Mirum

Pharmaceuticals

Inc

1,056,029

19,727

(a) MoonLake

Immunotherapeutics

995,030

32,191

(a) Scholar

Rock

Holding

Corp

1,192,677

17,664

(a) Soleno

Therapeutics

Inc

1,527,406

19,153

(a) Ultragenyx

Pharmaceutical

Inc

523,260

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

18,201,691

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

7.8%

51,000

(a) Ambiq

Micro

Inc

2,236,350

57,156

(a) Credo

Technology

Group

Holding

Ltd

6,375,752

22,661

(a) Impinj

Inc

3,502,937

137,761

(a) Rigetti

Computing

Inc

1,997,535

81,431

(a) Semtech

Corp

4,161,124

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

18,273,698

SOFTWARE

&

SERVICES

-

10.9%

28,929

(a) Agilysys

Inc

3,300,220

105,010

(a) Cellebrite

DI

Ltd

1,468,040

14,760

(a) Commvault

Systems

Inc

2,803,662

128,414

(a) Grid

Dynamics

Holdings

Inc

1,218,649

52,553

(a) JFrog

Ltd

2,281,326

100,147

(a) nCino

OpCo

Inc

2,796,605

35,438

(a) Q2

Holdings

Inc

2,877,566

117,169

(a) SentinelOne

Inc,

Class

A

2,148,879

72,317

(a) Varonis

Systems

Inc

4,037,458

44,014

(a) Workiva

Inc

2,809,414

TOTAL

SOFTWARE

&

SERVICES

25,741,819

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### Small

#### Cap

#### Growth

#### Opportunities

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

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

SHARES

DESCRIPTION

VALUE

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

4.6%

17,668

Badger

Meter

Inc

$

3,335,012

40,215

(a),(b)

IonQ

Inc

1,603,372

25,030

(a) Itron

Inc

3,117,236

24,929

(a) Lumentum

Holdings

Inc

2,744,184

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

10,799,804

TOTAL

COMMON

STOCKS

(Cost

$181,237,335)

232,146,908

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$181,237,335)

232,146,908

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

1.3%

3,126,443

(d) State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

.320

%

(e) 3,126,443

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(Cost

$3,126,443)

3,126,443

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM

INVESTMENTS

-

1.8%

4139236

REPURCHASE

AGREEMENTS

-

.8

%

4139236

$

139,236

(f) Fixed

Income

Clearing

Corporation

.360

08/01/25

139,236

4,000,000

(g) Fixed

Income

Clearing

Corporation

.330

08/01/25

4,000,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$4,139,236)

4,139,236

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$4,139,236)

4,139,236

TOTAL

INVESTMENTS

-

.5

%

(Cost

$

188,503,014)

239,412,587

OTHER

ASSETS

&

LIABILITIES,

NET

- (1.5)%

(3,446,597)

NET

ASSETS

-

100%

$

235,965,990

REIT

Real

Estate

Investment

Trust

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(b) 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

$3,045,702.

(c) For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3. (d) Investments

made

with

cash

collateral

received

from

securities

on

loan.

(e) The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

(f) Agreement

with

Fixed

Income

Clearing

Corporation,

1.360%

dated

7/31/25

to

be

repurchased

at

$139,241

on

8/1/25,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

4.750%

and

maturity

date

5/15/55,

valued

at

$142,119.

(g) Agreement

with

Fixed

Income

Clearing

Corporation,

4.330%

dated

7/31/25

to

be

repurchased

at

$4,000,481

on

8/1/25,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

1.875%

and

maturity

date

2/15/41,

valued

at

$4,080,102.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

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:

Small

Cap

Growth

Opportunities

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

232,140,997

$

–

$

5,911

$

232,146,908

Investments

Purchased

with

Collateral

from

Securities

Lending

3,126,443

–

–

3,126,443

Short-Term

Investments:

Repurchase

Agreements

–

4,139,236

–

4,139,236

Total

$

235,267,440

$

4,139,236

$

5,911

$

239,412,587

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025

#### Small

#### Cap

#### Select
(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

98.8%

159747033

COMMON

STOCKS

-

.8

%

159747033

AUTOMOBILES

&

COMPONENTS

-

1.6%

27,232

Patrick

Industries

Inc

$

2,648,040

TOTAL

AUTOMOBILES

&

COMPONENTS

2,648,040

BANKS

-

11.1%

28,646

Ameris

Bancorp

1,957,954

44,101

Banner

Corp

2,737,570

45,932

First

Merchants

Corp

1,750,928

78,025

Home

BancShares

Inc/AR

2,197,184

91,837

Old

National

Bancorp/IN

1,938,679

23,692

Preferred

Bank/Los

Angeles

CA

2,151,707

19,421

UMB

Financial

Corp

2,136,116

48,681

Veritex

Holdings

Inc

1,544,161

11,462

Wintrust

Financial

Corp

1,466,907

TOTAL

BANKS

17,881,206

CAPITAL

GOODS

-

16.0%

9,307

(a) AeroVironment

Inc

2,490,925

10,069

Applied

Industrial

Technologies

Inc

2,733,734

23,836

Arcosa

Inc

2,047,036

64,725

Atmus

Filtration

Technologies

Inc

2,518,450

13,064

Enpro

Inc

2,774,924

13,371

ESCO

Technologies

Inc

2,589,963

48,727

(a) Kratos

Defense

&

Security

Solutions

Inc

2,860,275

17,349

(a) SPX

Technologies

Inc

3,164,284

27,905

(a) Trex

Co

Inc

1,792,617

11,017

Watts

Water

Technologies

Inc,

Class

A

2,889,979

TOTAL

CAPITAL

GOODS

25,862,187

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

4.4%

18,842

(a) Casella

Waste

Systems

Inc,

Class

A

2,048,691

24,596

Maximus

Inc

1,816,661

43,688

(a) WNS

Holdings

Ltd

3,267,425

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

7,132,777

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

3.1%

17,573

(a) Boot

Barn

Holdings

Inc

3,020,799

24,664

Signet

Jewelers

Ltd

1,950,922

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

4,971,721

CONSUMER

DURABLES

&

APPAREL

-

2.2%

70,196

Steven

Madden

Ltd

1,685,055

61,284

(a) Tri

Pointe

Homes

Inc

1,887,547

TOTAL

CONSUMER

DURABLES

&

APPAREL

3,572,602

CONSUMER

SERVICES

-

2.7%

24,655

Boyd

Gaming

Corp

2,093,210

6,210

Wingstop

Inc

2,343,281

TOTAL

CONSUMER

SERVICES

4,436,491

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

-

0.8%

58,721

(a) Guardian

Pharmacy

Services

Inc,

Class

A

1,227,269

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

1,227,269

ENERGY

-

3.3%

53,861

Matador

Resources

Co

2,686,587

92,528

Northern

Oil

&

Gas

Inc

2,605,588

TOTAL

ENERGY

5,292,175

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

3.8%

62,194

CareTrust

REIT

Inc

1,977,769

12,869

EastGroup

Properties

Inc

2,100,736

61,646

STAG

Industrial

Inc

2,116,307

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

6,194,812

SHARES

DESCRIPTION

VALUE

FINANCIAL

SERVICES

-

6.4%

204,703

BGC

Group

Inc,

Class

A

$

1,897,597

26,506

FirstCash

Holdings

Inc

3,532,985

143,469

Ladder

Capital

Corp

1,566,681

10,888

Piper

Sandler

Cos

3,433,204

TOTAL

FINANCIAL

SERVICES

10,430,467

FOOD,

BEVERAGE

&

TOBACCO

-

1.9%

66,883

Primo

Brands

Corp

1,846,640

31,813

(a) Vital

Farms

Inc

1,183,443

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

3,030,083

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

9.1%

148,170

(a) Alphatec

Holdings

Inc

1,567,639

59,404

(a) Castle

Biosciences

Inc

899,971

26,770

(a),(b)

Establishment

Labs

Holdings

Inc

1,123,135

26,006

(a) HealthEquity

Inc

2,522,582

27,725

(a) Merit

Medical

Systems

Inc

2,352,743

61,565

(a) Phreesia

Inc

1,659,792

20,603

(a) PROCEPT

BioRobotics

Corp

999,452

31,832

(a) RadNet

Inc

1,742,165

104,562

(a) SI-BONE

Inc

1,780,691

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

14,648,170

INSURANCE

-

0.9%

5,237

Primerica

Inc

1,391,104

TOTAL

INSURANCE

1,391,104

MATERIALS

-

3.6%

45,699

Avient

Corp

1,442,717

42,350

Commercial

Metals

Co

2,196,271

26,393

(a) Knife

River

Corp

2,176,895

TOTAL

MATERIALS

5,815,883

MEDIA

&

ENTERTAINMENT

-

2.2%

101,771

(a) Magnite

Inc

2,341,751

40,677

(a) Ziff

Davis

Inc

1,265,868

TOTAL

MEDIA

&

ENTERTAINMENT

3,607,619

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

5.6%

55,941

(a) ADMA

Biologics

Inc

1,046,097

26,370

(a) Alkermes

PLC

698,541

27,373

(a) ANI

Pharmaceuticals

Inc

1,734,079

15,869

(a) Axsome

Therapeutics

Inc

1,608,799

21,723

(a) Crinetics

Pharmaceuticals

Inc

621,061

6,616

(a) Krystal

Biotech

Inc

1,018,004

10,186

(a) MoonLake

Immunotherapeutics

513,782

17,703

(a) Scholar

Rock

Holding

Corp

655,896

10,194

(a) Soleno

Therapeutics

Inc

881,475

11,541

(a) Ultragenyx

Pharmaceutical

Inc

315,300

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

9,093,034

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

5.3%

35,442

(a) Ambiq

Micro

Inc

1,554,132

16,613

(a) Impinj

Inc

2,568,038

81,683

(a) Rigetti

Computing

Inc

1,184,403

63,884

(a) Semtech

Corp

3,264,472

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

8,571,045

SOFTWARE

&

SERVICES

-

6.3%

71,963

(a) Cellebrite

DI

Ltd

1,006,043

11,248

(a) Commvault

Systems

Inc

2,136,558

102,404

(a) Grid

Dynamics

Holdings

Inc

971,814

26,847

(a) Q2

Holdings

Inc

2,179,976

94,633

(a) SentinelOne

Inc,

Class

A

1,735,569

33,454

(a) Workiva

Inc

2,135,369

TOTAL

SOFTWARE

&

SERVICES

10,165,329

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### Small

#### Cap

#### Select

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

SHARES

DESCRIPTION

VALUE

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

4.6%

17,354

(a) Itron

Inc

$

2,161,267

16,380

(a) Lumentum

Holdings

Inc

1,803,110

30,729

(a) PAR

Technology

Corp

1,867,709

12,121

(a) Plexus

Corp

1,545,428

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

7,377,514

TRANSPORTATION

-

1.2%

27,038

ArcBest

Corp

1,977,289

TOTAL

TRANSPORTATION

1,977,289

UTILITIES

-

2.7%

35,541

Black

Hills

Corp

2,053,559

31,780

Spire

Inc

2,366,657

TOTAL

UTILITIES

4,420,216

TOTAL

COMMON

STOCKS

(Cost

$130,257,922)

159,747,033

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$130,257,922)

159,747,033

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

0.2%

399,599

(c) State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

.320

%

(d) 399,599

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(Cost

$399,599)

399,599

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM

INVESTMENTS

-

1.3%

2,075,000

REPURCHASE

AGREEMENTS

-

.3

%

2,075,000

$

2,075,000

(e) Fixed

Income

Clearing

Corporation

.330

08/01/25

2,075,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$2,075,000)

2,075,000

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$2,075,000)

2,075,000

TOTAL

INVESTMENTS

-

.3

%

(Cost

$

132,732,521)

162,221,632

OTHER

ASSETS

&

LIABILITIES,

NET

- (0.3)%

(521,029)

NET

ASSETS

-

100%

$

161,700,603

REIT

Real

Estate

Investment

Trust

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(b) 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

$386,531.

(c) Investments

made

with

cash

collateral

received

from

securities

on

loan.

(d) The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

(e) Agreement

with

Fixed

Income

Clearing

Corporation,

4.330%

dated

7/31/25

to

be

repurchased

at

$2,075,250

on

8/1/25,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

1.875%

and

maturity

date

2/15/41,

valued

at

$2,116,551.

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

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

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:

Small

Cap

Select

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

159,747,033

$

–

$

–

$

159,747,033

Investments

Purchased

with

Collateral

from

Securities

Lending

399,599

–

–

399,599

Short-Term

Investments:

Repurchase

Agreements

–

2,075,000

–

2,075,000

Total

$

160,146,632

$

2,075,000

$

–

$

162,221,632

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025

#### Small

#### Cap

#### Value
(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

99.8%

267388293

COMMON

STOCKS

-

.8

%

267388293

AUTOMOBILES

&

COMPONENTS

-

1.0%

87,297

Standard

Motor

Products

Inc

$

2,650,337

TOTAL

AUTOMOBILES

&

COMPONENTS

2,650,337

BANKS

-

19.3%

87,352

Ameris

Bancorp

5,970,509

82,711

Banner

Corp

5,134,285

86,510

Cathay

General

Bancorp

3,911,982

177,661

ConnectOne

Bancorp

Inc

4,091,533

47,244

First

Interstate

BancSystem

Inc,

Class

A

1,360,155

125,697

First

Merchants

Corp

4,791,570

239,440

OceanFirst

Financial

Corp

4,017,803

225,053

Old

Second

Bancorp

Inc

3,819,149

48,590

Pinnacle

Financial

Partners

Inc

4,270,575

56,114

Preferred

Bank/Los

Angeles

CA

5,096,274

43,827

UMB

Financial

Corp

4,820,532

35,097

Wintrust

Financial

Corp

4,491,714

TOTAL

BANKS

51,776,081

CAPITAL

GOODS

-

9.9%

31,415

Boise

Cascade

Co

2,632,891

41,719

EnerSys

3,853,584

17,914

ESCO

Technologies

Inc

3,469,942

405,942

(a) Hillman

Solutions

Corp

3,202,883

206,511

(a) Resideo

Technologies

Inc

5,637,750

316,176

(a) Stratasys

Ltd

3,424,186

20,766

WESCO

International

Inc

4,297,731

TOTAL

CAPITAL

GOODS

26,518,967

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

6.0%

164,137

Deluxe

Corp

2,642,606

51,881

Korn

Ferry

3,676,806

47,366

(a) Willdan

Group

Inc

4,040,320

75,097

(a) WNS

Holdings

Ltd

5,616,505

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

15,976,237

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

1.2%

7,523

Group

Automotive

Inc

3,100,604

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

3,100,604

CONSUMER

DURABLES

&

APPAREL

-

3.8%

117,121

La-Z-Boy

Inc

4,212,842

26,550

(a) M/I

Homes

Inc

3,191,045

33,569

Whirlpool

Corp

2,787,570

TOTAL

CONSUMER

DURABLES

&

APPAREL

10,191,457

CONSUMER

SERVICES

-

1.3%

26,939

(a) Stride

Inc

3,454,388

TOTAL

CONSUMER

SERVICES

3,454,388

ENERGY

-

5.9%

128,516

(a) CNX

Resources

Corp

3,895,320

193,183

Magnolia

Oil

&

Gas

Corp,

Class

A

4,601,619

46,025

Matador

Resources

Co

2,295,727

115,382

Northern

Oil

&

Gas

Inc

3,249,157

305,355

(a) ProPetro

Holding

Corp

1,636,703

TOTAL

ENERGY

15,678,526

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

-

7.5%

186,406

Apple

Hospitality

REIT

Inc

2,190,270

45,342

Centerspace

2,467,965

138,552

COPT

Defense

Properties

3,779,699

51,206

EPR

Properties

2,818,378

97,321

Getty

Realty

Corp

2,704,551

438,414

LXP

Industrial

Trust

3,402,093

SHARES

DESCRIPTION

VALUE

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

(continued)

80,809

STAG

Industrial

Inc

$

2,774,173

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

20,137,129

FINANCIAL

SERVICES

-

7.2%

308,882

Ladder

Capital

Corp

3,372,992

67,418

OneMain

Holdings

Inc

3,896,086

14,341

Piper

Sandler

Cos

4,522,004

102,399

Radian

Group

Inc

3,339,231

37,321

Stifel

Financial

Corp

4,259,073

TOTAL

FINANCIAL

SERVICES

19,389,386

FOOD,

BEVERAGE

&

TOBACCO

-

0.9%

85,024

Primo

Brands

Corp

2,347,513

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

2,347,513

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

3.0%

38,851

(a) Acadia

Healthcare

Co

Inc

845,786

23,646

(a) Addus

HomeCare

Corp

2,524,920

52,491

(a) Enovis

Corp

1,406,759

115,638

(a) Option

Care

Health

Inc

3,393,975

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

8,171,440

INSURANCE

-

6.1%

65,720

(a) Ategrity

Specialty

Holdings

LLC

1,313,086

149,106

(a) Hamilton

Insurance

Group

Ltd,

Class

B

3,204,288

75,514

Kemper

Corp

4,650,907

13,867

Primerica

Inc

3,683,491

54,146

Stewart

Information

Services

Corp

3,515,700

TOTAL

INSURANCE

16,367,472

MATERIALS

-

4.6%

79,784

Commercial

Metals

Co

4,137,598

234,132

(a) Ecovyst

Inc

2,015,876

29,133

(a) Knife

River

Corp

2,402,890

66,346

Minerals

Technologies

Inc

3,858,020

TOTAL

MATERIALS

12,414,384

MEDIA

&

ENTERTAINMENT

-

1.9%

150,030

(a) Magnite

Inc

3,452,190

54,658

(a) Ziff

Davis

Inc

1,700,957

TOTAL

MEDIA

&

ENTERTAINMENT

5,153,147

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

3.9%

103,592

(a) Alkermes

PLC

2,744,152

46,019

(a) Exelixis

Inc

1,666,808

72,220

(a),(b)

Immunovant

Inc

1,161,297

13,741

(a) Krystal

Biotech

Inc

2,114,328

38,786

(a) Prestige

Consumer

Healthcare

Inc

2,868,225

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

10,554,810

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

0.7%

252,563

Kennedy-Wilson

Holdings

Inc

1,848,761

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

1,848,761

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

2.1%

210,950

(a) MaxLinear

Inc

3,337,229

106,335

(a) Veeco

Instruments

Inc

2,209,641

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

5,546,870

SOFTWARE

&

SERVICES

-

4.3%

165,055

(a),(b)

Cleanspark

Inc

1,876,675

12,078

(a) Commvault

Systems

Inc

2,294,216

73,674

(a) I3

Verticals

Inc,

Class

A

2,061,399

153,802

OneSpan

Inc

2,268,579

35,690

(a) Q2

Holdings

Inc

2,898,028

TOTAL

SOFTWARE

&

SERVICES

11,398,897

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### Small

#### Cap

#### Value

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

SHARES

DESCRIPTION

VALUE

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

3.3%

63,732

Crane

NXT

Co

$

3,781,857

176,072

(a) Harmonic

Inc

1,498,373

28,133

(a) Plexus

Corp

3,586,957

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

8,867,187

TRANSPORTATION

-

1.0%

105,464

Schneider

National

Inc,

Class

B

2,578,595

TOTAL

TRANSPORTATION

2,578,595

UTILITIES

-

4.9%

63,494

Black

Hills

Corp

3,668,683

30,993

ONE

Gas

Inc

2,253,191

48,364

Otter

Tail

Corp

3,732,734

48,496

Spire

Inc

3,611,497

TOTAL

UTILITIES

13,266,105

TOTAL

COMMON

STOCKS

(Cost

$205,279,675)

267,388,293

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$205,279,675)

267,388,293

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

-

0.8%

2,027,632

(c) State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

.320

%

(d) 2,027,632

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(Cost

$2,027,632)

2,027,632

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM

INVESTMENTS

-

0.3%

900,000

REPURCHASE

AGREEMENTS

-

.3

%

900,000

$

900,000

(e) Fixed

Income

Clearing

Corporation

.330

08/01/25

900,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$900,000)

900,000

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$900,000)

900,000

TOTAL

INVESTMENTS

-

.9

%

(Cost

$

208,207,307)

270,315,925

OTHER

ASSETS

&

LIABILITIES,

NET

- (0.9)%

(2,328,307)

NET

ASSETS

-

100%

$

267,987,618

REIT

Real

Estate

Investment

Trust

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(b) 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

$1,958,403.

(c) Investments

made

with

cash

collateral

received

from

securities

on

loan.

(d) The

rate

shown

is

the

one-day

yield

as

of

the

end

of

the

reporting

period.

(e) Agreement

with

Fixed

Income

Clearing

Corporation,

4.330%

dated

7/31/25

to

be

repurchased

at

$900,108

on

8/1/25,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

1.875%

and

maturity

date

2/15/41,

valued

at

$918,002.

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

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

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:

Small

Cap

Value

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

267,388,293

$

–

$

–

$

267,388,293

Investments

Purchased

with

Collateral

from

Securities

Lending

2,027,632

–

–

2,027,632

Short-Term

Investments:

Repurchase

Agreements

–

900,000

–

900,000

Total

$

269,415,925

$

900,000

$

–

$

270,315,925

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025

#### Small/Mid

#### Cap

#### Growth

#### Opportunities
(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

99.9%

172122615

COMMON

STOCKS

-

.9

%

172122615

AUTOMOBILES

&

COMPONENTS

-

2.1%

11,058

(a) Modine

Manufacturing

Co

$

1,487,965

22,843

Patrick

Industries

Inc

2,221,253

TOTAL

AUTOMOBILES

&

COMPONENTS

3,709,218

BANKS

-

0.6%

11,517

Pinnacle

Financial

Partners

Inc

1,012,229

TOTAL

BANKS

1,012,229

CAPITAL

GOODS

-

15.2%

30,860

AAON

Inc

2,576,810

10,874

(a) AeroVironment

Inc

2,910,317

10,679

Applied

Industrial

Technologies

Inc

2,899,349

4,684

EMCOR

Group

Inc

2,939,163

12,394

ESCO

Technologies

Inc

2,400,718

9,201

FTAI

Aviation

Ltd

1,266,150

12,858

(a) MasTec

Inc

2,432,862

63,044

(a) Rocket

Lab

Corp

2,894,980

16,916

(a) SPX

Technologies

Inc

3,085,309

43,203

(a) Trex

Co

Inc

2,775,361

TOTAL

CAPITAL

GOODS

26,181,019

COMMERCIAL

&

PROFESSIONAL

SERVICES

-

4.4%

114,460

(a) ACV

Auctions

Inc,

Class

A

1,626,477

26,589

(a) CBIZ

Inc

1,625,120

54,494

(a) ExlService

Holdings

Inc

2,366,674

37,634

GFL

Environmental

Inc

1,894,495

TOTAL

COMMERCIAL

&

PROFESSIONAL

SERVICES

7,512,766

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

-

2.9%

15,905

(a) Boot

Barn

Holdings

Inc

2,734,070

16,269

(a) Ollie's

Bargain

Outlet

Holdings

Inc

2,222,833

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

&

RETAIL

4,956,903

CONSUMER

DURABLES

&

APPAREL

-

1.7%

40,275

Somnigroup

International

Inc

2,915,105

TOTAL

CONSUMER

DURABLES

&

APPAREL

2,915,105

CONSUMER

SERVICES

-

7.4%

4,753

(a) Duolingo

Inc

1,647,152

30,865

(a) Dutch

Bros

Inc,

Class

A

1,829,369

42,624

Red

Rock

Resorts

Inc,

Class

A

2,614,982

15,715

Texas

Roadhouse

Inc

2,909,318

9,844

Wingstop

Inc

3,714,535

TOTAL

CONSUMER

SERVICES

12,715,356

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

-

1.3%

4,347

Casey's

General

Stores

Inc

2,261,005

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

&

RETAIL

2,261,005

ENERGY

-

2.3%

32,444

Matador

Resources

Co

1,618,307

165,966

Permian

Resources

Corp

2,350,078

TOTAL

ENERGY

3,968,385

FINANCIAL

SERVICES

-

9.5%

58,166

Equitable

Holdings

Inc

2,986,824

7,097

Evercore

Inc,

Class

A

2,137,191

22,935

FirstCash

Holdings

Inc

3,057,006

12,350

Houlihan

Lokey

Inc

2,354,651

7,125

Piper

Sandler

Cos

2,246,655

28,666

(a) Toast

Inc,

Class

A

1,400,048

26,518

(a) Upstart

Holdings

Inc

2,167,581

TOTAL

FINANCIAL

SERVICES

16,349,956

SHARES

DESCRIPTION

VALUE

FOOD,

BEVERAGE

&

TOBACCO

-

2.1%

58,988

Primo

Brands

Corp

$

1,628,659

51,515

(a) Vital

Farms

Inc

1,916,358

TOTAL

FOOD,

BEVERAGE

&

TOBACCO

3,545,017

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

13.2%

19,660

(a) Addus

HomeCare

Corp

2,099,295

12,322

Encompass

Health

Corp

1,356,775

15,201

Ensign

Group

Inc/The

2,280,150

23,361

(a) Globus

Medical

Inc,

Class

A

1,229,489

25,615

(a) Guardant

Health

Inc

1,049,703

27,297

(a) HealthEquity

Inc

2,647,809

20,252

(a) Lantheus

Holdings

Inc

1,441,740

14,653

(a) Masimo

Corp

2,253,485

26,738

(a) Merit

Medical

Systems

Inc

2,268,987

10,762

(a) Penumbra

Inc

2,714,930

28,185

(a) PROCEPT

BioRobotics

Corp

1,367,254

37,725

(a) RadNet

Inc

2,064,689

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

22,774,306

INSURANCE

-

2.7%

4,431

Kinsale

Capital

Group

Inc

1,952,697

9,015

(a) Palomar

Holdings

Inc

1,194,397

29,768

(a) Skyward

Specialty

Insurance

Group

Inc

1,505,666

TOTAL

INSURANCE

4,652,760

MATERIALS

-

2.5%

11,933

Carpenter

Technology

Corp

2,975,971

16,679

(a) Knife

River

Corp

1,375,684

TOTAL

MATERIALS

4,351,655

MEDIA

&

ENTERTAINMENT

-

1.3%

94,680

(a) Magnite

Inc

2,178,587

TOTAL

MEDIA

&

ENTERTAINMENT

2,178,587

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

-

7.0%

22,357

(a) Alkermes

PLC

592,237

9,561

(a) Ascendis

Pharma

A/S,

ADR,

ADR

1,658,833

18,418

(a) Axsome

Therapeutics

Inc

1,867,217

22,303

(a) Bridgebio

Pharma

Inc

1,054,263

19,383

(a) Insmed

Inc

2,079,408

9,499

(a) Krystal

Biotech

Inc

1,461,611

13,134

(a) MoonLake

Immunotherapeutics

662,479

26,936

(a) Scholar

Rock

Holding

Corp

997,979

20,055

(a) Ultragenyx

Pharmaceutical

Inc

547,903

4,276

(a) United

Therapeutics

Corp

1,174,617

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

&

LIFE

SCIENCES

12,096,547

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

-

6.6%

37,552

(a) Ambiq

Micro

Inc

1,646,655

28,840

(a) Credo

Technology

Group

Holding

Ltd

3,217,102

14,765

(a) Impinj

Inc

2,282,374

88,203

(a) Rigetti

Computing

Inc

1,278,943

58,475

(a) Semtech

Corp

2,988,073

TOTAL

SEMICONDUCTORS

&

SEMICONDUCTOR

EQUIPMENT

11,413,147

SOFTWARE

&

SERVICES

-

11.3%

18,885

(a) Agilysys

Inc

2,154,401

89,899

(a) Confluent

Inc,

Class

A

1,593,460

14,547

(a) Descartes

Systems

Group

Inc/The

1,538,491

52,413

(a) Dynatrace

Inc

2,757,448

6,840

(a) Figma

Inc,

Class

A

790,020

10,000

(a) Guidewire

Software

Inc

2,262,200

76,958

(a) nCino

OpCo

Inc

2,149,052

18,577

(a) Rubrik

Inc,

Class

A

1,763,886

53,291

(a) SailPoint

Inc

1,190,521

83,358

(a) SentinelOne

Inc,

Class

A

1,528,786

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### Small/Mid

#### Cap

#### Growth

#### Opportunities

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

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

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

VALUE

SOFTWARE

&

SERVICES

(continued)

27,938

(a) Workiva

Inc

$

1,783,282

TOTAL

SOFTWARE

&

SERVICES

19,511,547

TECHNOLOGY

HARDWARE

&

EQUIPMENT

-

4.6%

10,238

Badger

Meter

Inc

1,932,525

18,885

(a) Itron

Inc

2,351,938

7,925

Jabil

Inc

1,768,622

17,768

(a) Lumentum

Holdings

Inc

1,955,901

TOTAL

TECHNOLOGY

HARDWARE

&

EQUIPMENT

8,008,986

TRANSPORTATION

-

1.2%

16,694

(a) XPO

Inc

2,008,121

TOTAL

TRANSPORTATION

2,008,121

TOTAL

COMMON

STOCKS

(Cost

$156,605,892)

172,122,615

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$156,605,892)

172,122,615

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM

INVESTMENTS

-

0.5%

900,000

REPURCHASE

AGREEMENTS

-

.5

%

900,000

$

900,000

(b) Fixed

Income

Clearing

Corporation

.330

%

08/01/25

900,000

TOTAL

REPURCHASE

AGREEMENTS

(Cost

$900,000)

900,000

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$900,000)

900,000

TOTAL

INVESTMENTS

-

.4

%

(Cost

$

157,505,892)

173,022,615

OTHER

ASSETS

&

LIABILITIES,

NET

- (0.4)%

(720,829)

NET

ASSETS

-

100%

$

172,301,786

ADR

American

Depositary

Receipt

(a) Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(b) Agreement

with

Fixed

Income

Clearing

Corporation,

4.330%

dated

7/31/25

to

be

repurchased

at

$900,108

on

8/1/25,

collateralized

by

Government

Agency

Securities,

with

coupon

rate

1.875%

and

maturity

date

2/15/41,

valued

at

$918,002.

Small/Mid

Cap

Growth

Opportunities

Level

Level

Level

Total

Long-Term

Investments:

Common

Stocks

$

172,122,615

$

–

$

–

$

172,122,615

Short-Term

Investments:

Repurchase

Agreements

–

900,000

–

900,000

Total

$

172,122,615

$

900,000

$

–

$

173,022,615

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Nuveen Investment Funds, Inc.

- **b. Investment Company Act file number:** 811-05309

- **c. CIK number of Registrant:** 0000820892

- **d. LEI of Registrant:** 549300L93TESPETT4366

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 333 W. Wacker Dr

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-917-7700

**Item A.2. Information about the Series.**

- **a. Name of Series:** Nuveen Small/Mid Cap Growth Opportunities Fund

- **b. EDGAR series identifier (if any):** S000005553

- **c. LEI of Series:** 5493001GPDCS21L7PX28

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $172364975.00

**Total Liabilities:** $251350.00

**Net Assets:** $172113625.00

**Cash Not Reported:** $50043.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000015115 | 7.48%                | 5.77%                | 1.00%                |
| Class ID C000015111 | 7.46%                | 5.74%                | 1.02%                |
| Class ID C000123979 | 7.47%                | 5.79%                | 1.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1495159.04             | $13050424.76                               |
| Month 2  | $6339467.19              | $3136671.49                                |
| Month 3  | $946764.28               | $980354.42                                 |

### Schedule of Portfolio Investments

| Name                                  | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Addus HomeCare Corp                   | Addus HomeCare Corp                                                         | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     19660 | NS      | $2099294.80   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                | Permian Resources Corp                                                      | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    165966 | NS      | $2350078.56   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                 | Lantheus Holdings Inc                                                       | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     20252 | NS      | $1441739.88   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                  | Matador Resources Co                                                        | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     32444 | NS      | $1618306.72   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet Inc                            | RadNet Inc                                                                  | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     37725 | NS      | $2064689.25   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                       | Rocket Lab Corp                                                             | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63044 | NS      | $2894980.48   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                      | ACV Auctions Inc                                                            | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    114460 | NS      | $1626476.60   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                        | Dutch Bros Inc                                                              | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30865 | NS      | $1829368.55   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                | Boot Barn Holdings Inc                                                      | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     15905 | NS      | $2734069.50   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                         | Dynatrace Inc                                                               | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     52413 | NS      | $2757447.93   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Rigetti Computing Inc                 | Rigetti Computing Inc                                                       | CUSIP: 76655K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88203 | NS      | $1278943.50   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                 | Lumentum Holdings Inc                                                       | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     17768 | NS      | $1955901.44   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc                              | CBIZ Inc                                                                    | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |     26589 | NS      | $1625119.68   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                   | Texas Roadhouse Inc                                                         | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     15715 | NS      | $2909317.95   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Rock Resorts Inc                  | Red Rock Resorts Inc                                                        | CUSIP: 75700L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42624 | NS      | $2614982.40   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                          | Wingstop Inc                                                                | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      9844 | NS      | $3714534.96   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos                     | Piper Sandler Cos                                                           | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      7125 | NS      | $2246655.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                     | AeroVironment Inc                                                           | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     10874 | NS      | $2910317.36   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc             | Kinsale Capital Group Inc                                                   | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      4431 | NS      | $1952697.39   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc                   | Krystal Biotech Inc                                                         | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      9499 | NS      | $1461611.13   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                          | Evercore Inc                                                                | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      7097 | NS      | $2137190.58   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambiq Micro Inc                       | Ambiq Micro Inc                                                             | CUSIP: 023193105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37552 | NS      | $1646655.20   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc                  | SPX Technologies Inc                                                        | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     16916 | NS      | $3085309.24   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc                  | Palomar Holdings Inc                                                        | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |      9015 | NS      | $1194397.35   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd    | Credo Technology Group Holding Ltd                                          | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28840 | NS      | $3217102.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc          | Somnigroup International Inc                                                | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |     40275 | NS      | $2915104.50   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                             | Itron Inc                                                                   | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     18885 | NS      | $2351937.90   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                              | AAON Inc                                                                    | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30860 | NS      | $2576810.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                           | Trex Co Inc                                                                 | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43203 | NS      | $2775360.72   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Upstart Holdings Inc                  | Upstart Holdings Inc                                                        | CUSIP: 91680M107<br>LEI: 549300WNB47JRNENIC75 | Long             | EC               | CORP              | US        |     26518 | NS      | $2167581.32   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                          | Penumbra Inc                                                                | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |     10762 | NS      | $2714929.74   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp                      | Knife River Corp                                                            | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16679 | NS      | $1375683.92   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc               | Axsome Therapeutics Inc                                                     | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |     18418 | NS      | $1867216.84   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                | Guidewire Software Inc                                                      | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     10000 | NS      | $2262200.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                             | Jabil Inc                                                                   | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      7925 | NS      | $1768622.25   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                           | Magnite Inc                                                                 | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |     94680 | NS      | $2178586.80   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd                 | CyberArk Software Ltd                                                       | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | US        |      2953 | NS      | $1215070.91   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc               | ExlService Holdings Inc                                                     | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     54494 | NS      | $2366674.42   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Brands Corp                     | Primo Brands Corp                                                           | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |     58988 | NS      | $1628658.68   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp              | United Therapeutics Corp                                                    | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      4276 | NS      | $1174617.20   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                          | Semtech Corp                                                                | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     58475 | NS      | $2988072.50   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino OpCo Inc                        | nCino OpCo Inc                                                              | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |     76958 | NS      | $2149052.15   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc                | FirstCash Holdings Inc                                                      | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22935 | NS      | $3057006.15   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp                           | Masimo Corp                                                                 | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |     14653 | NS      | $2253484.87   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical Inc         | Ultragenyx Pharmaceutical Inc                                               | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     20055 | NS      | $547902.60    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                            | Insmed Inc                                                                  | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     19383 | NS      | $2079408.24   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholar Rock Holding Corp             | Scholar Rock Holding Corp                                                   | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Long             | EC               | CORP              | US        |     26936 | NS      | $997978.80    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                   | Ascendis Pharma A/S                                                         | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |      9561 | NS      | $1658833.50   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                     | FTAI Aviation Ltd                                                           | CUSIP: G3730V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9201 | NS      | $1266149.61   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holdings Inc   | Ollie's Bargain Outlet Holdings Inc                                         | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     16269 | NS      | $2222833.47   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys Inc                          | Agilysys Inc                                                                | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |     18885 | NS      | $2154400.80   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc                      | HealthEquity Inc                                                            | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     27297 | NS      | $2647809.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                               | XPO Inc                                                                     | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     16694 | NS      | $2008121.26   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                            | Impinj Inc                                                                  | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |     14765 | NS      | $2282373.70   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                             | Toast Inc                                                                   | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     28666 | NS      | $1400047.44   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp             | Carpenter Technology Corp                                                   | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     11933 | NS      | $2975970.87   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc/The       | Descartes Systems Group Inc/The                                             | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |     14547 | NS      | $1538490.72   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc       | Pinnacle Financial Partners Inc                                             | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     11517 | NS      | $1012229.13   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                   | Guardant Health Inc                                                         | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     25615 | NS      | $1049702.70   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Farms Inc                       | Vital Farms Inc                                                             | CUSIP: 92847W103<br>LEI: 549300S6NYY7ER3XOT61 | Long             | EC               | CORP              | US        |     51515 | NS      | $1916358.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                | Equitable Holdings Inc                                                      | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     58166 | NS      | $2986824.10   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc             | Merit Medical Systems Inc                                                   | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |     26738 | NS      | $2268986.68   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                 | Encompass Health Corp                                                       | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     12322 | NS      | $1356775.42   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                       | EMCOR Group Inc                                                             | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      4684 | NS      | $2939163.16   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc                 | GFL Environmental Inc                                                       | CUSIP: 36168Q104<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EC               | CORP              | US        |     37634 | NS      | $1894495.56   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc   | Applied Industrial Technologies Inc                                         | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     10679 | NS      | $2899348.50   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BioRobotics Corp              | PROCEPT BioRobotics Corp                                                    | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28185 | NS      | $1367254.35   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                      | Badger Meter Inc                                                            | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     10238 | NS      | $1932524.88   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co               | Modine Manufacturing Co                                                     | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     11058 | NS      | $1487964.48   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                    | Houlihan Lokey Inc                                                          | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     12350 | NS      | $2354651.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc                | Patrick Industries Inc                                                      | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     22843 | NS      | $2221253.32   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STR NAVIGATOR SECS L TR         | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857509301<br>LEI: N/A                  | Long             | STIV             | RF                | US        |       739 | NS      | $739.11       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                          | Alkermes PLC                                                                | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22357 | NS      | $592236.93    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MoonLake Immunotherapeutics           | MoonLake Immunotherapeutics                                                 | CUSIP: 61559X104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13134 | NS      | $662478.96    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                  | Bridgebio Pharma Inc                                                        | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |     22303 | NS      | $1054262.81   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Workiva Inc                           | Workiva Inc                                                                 | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |     27938 | NS      | $1783282.54   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                    | Globus Medical Inc                                                          | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     23361 | NS      | $1229489.43   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc            | Casey's General Stores Inc                                                  | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      4347 | NS      | $2261005.11   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET BANK AND TRUST COMPANY   | Fixed Income Clearing Corporation                                           | CUSIP: 85748R009<br>LEI: N/A                  | Long             | RA               | CORP              | US        |    900000 | PA      | $900000.00    | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| MasTec Inc                            | MasTec Inc                                                                  | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     12858 | NS      | $2432862.18   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc                 | ESCO Technologies Inc                                                       | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |     12394 | NS      | $2400717.80   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                  | Ensign Group Inc/The                                                        | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     15201 | NS      | $2280150.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SentinelOne Inc                       | SentinelOne Inc                                                             | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               | CORP              | US        |     83358 | NS      | $1528785.72   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc                            | Rubrik Inc                                                                  | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |     18577 | NS      | $1763886.15   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                          | Duolingo Inc                                                                | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4753 | NS      | $1647152.15   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group Inc | Skyward Specialty Insurance Group Inc                                       | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |     29768 | NS      | $1505665.44   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Confluent Inc                         | Confluent Inc                                                               | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |     89899 | NS      | $1593459.78   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** Nuveen Investment Funds, Inc.

**Signature:** Gina Spunder

**Name of Signer:** Gina Spunder

**Title:** Director, Fund Financial Reporting