# EDGAR Filing Document

**Accession Number:** 0001013881
**File Stem:** 0001193125-26-096160
**Filing Date:** 2026-3
**Character Count:** 170153
**Document Hash:** 0c6f390a5640e267276e3c0bf917b41e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-096160.hdr.sgml**: 20260306

**ACCESSION NUMBER**: 0001193125-26-096160

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 34

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260306

**DATE AS OF CHANGE**: 20260306

**EFFECTIVENESS DATE**: 20260306

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NUVEEN INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0001013881

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07619
- **FILM NUMBER:** 26730200

**BUSINESS ADDRESS:**
- **STREET 1:** JOHN NUVEEN & CO INC
- **STREET 2:** 333 WEST WACKER DRIVE 32ND FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-917-8146

**MAIL ADDRESS:**
- **STREET 1:** JOHN NUVEEN & CO INC
- **STREET 2:** 333 WEST WACKER DRIVE 32ND FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

## Series and Classes Contracts Data

### Nuveen Multi Cap Value Fund (Series ID: S000000605)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000001700 | Nuveen Multi Cap Value Fund - Class A | NQVAX           |
| C000001702 | Nuveen Multi Cap Value Fund - Class C | NQVCX           |
| C000001703 | Nuveen Multi Cap Value Fund - Class I | NQVRX           |

### Nuveen Small Cap Value Opportunities Fund (Series ID: S000000606)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000001704 | Nuveen Small Cap Value Opportunities Fund - Class A | NSCAX           |
| C000001706 | Nuveen Small Cap Value Opportunities Fund - Class C | NSCCX           |
| C000001707 | Nuveen Small Cap Value Opportunities Fund - Class I | NSCRX           |
| C000123977 | Class R6                                            | NSCFX           |

### Nuveen Large Cap Value Opportunities Fund (Series ID: S000014608)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000039982 | Class A      | NQCAX           |
| C000039984 | Class C      | NQCCX           |
| C000039985 | Class I      | NQCRX           |

### Nuveen Small/Mid Cap Value Fund (Series ID: S000014609)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000039986 | Class A      | NSMAX           |
| C000039988 | Class C      | NSMCX           |
| C000039989 | Class I      | NSMRX           |
| C000171397 | Class R6     | NWQFX           |

### Nuveen Global Equity Income Fund (Series ID: S000026520)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000079618 | Class A      | NQGAX           |
| C000079619 | Class C      | NQGCX           |
| C000079621 | Class I      | NQGIX           |

?xml version='1.0' encoding='ASCII'? Nuveen Investment Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

### FORM N-CSR

### CERTIFIED SHAREHOLDER REPORT OF REGISTERED

### MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-07619

Nuveen Investment Trust

(Exact name of registrant as specified in charter)

Nuveen Investments

333 West Wacker Drive

Chicago, Illinois 60606

(Address of principal executive offices) (Zip code)

Mark J. Czarniecki

Vice President and Secretary

901 Marquette Avenue

Minneapolis, Minnesota 55402

(Name and address of agent for service)

Registrant's telephone number, including area code: (<u>312) 917-7700</u>

Date of fiscal year end: <u>June 30</u>

Date of reporting period: <u>December</u> <u>31, 2025</u>

------

**Item 1.** **Reports to Stockholders.** <br>

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Global Equity Income Fund

Class A Shares/NQGAX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Global Equity Income Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class A Shares | $59 | 1.11% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 152241735 |
|  Total number of portfolio holdings |  | 60 |
|  Portfolio turnover (%) |  | 18% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g00n01.jpg)

![LOGO](g72588g1g01n01.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y321_SAR_1225<br> 5093110 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Global Equity Income Fund

Class C Shares/NQGCX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class C Shares of the Nuveen Global Equity Income Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class C Shares | $98 | 1.86% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 152241735 |
|  Total number of portfolio holdings |  | 60 |
|  Portfolio turnover (%) |  | 18% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g21e87.jpg)

![LOGO](g72588g1g59w89.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y313_SAR_1225<br> 5093110 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Global Equity Income Fund

Class I Shares/NQGIX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Global Equity Income Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $45 | 0.86% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 152241735 |
|  Total number of portfolio holdings |  | 60 |
|  Portfolio turnover (%) |  | 18% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g66z97.jpg)

![LOGO](g72588g1g60s74.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y297_SAR_1225<br> 5093110 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Large Cap Value Opportunities Fund

Class A Shares/NQCAX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Large Cap Value Opportunities Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class A Shares | $53 | 1.00% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 27735475 |
|  Total number of portfolio holdings |  | 60 |
|  Portfolio turnover (%) |  | 13% |

---

1 continued>>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g00n29.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y628_SAR_1225<br> 5093113 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Large Cap Value Opportunities Fund

Class C Shares/NQCCX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class C Shares of the Nuveen Large Cap Value Opportunities Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class C Shares | $93 | 1.75% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 27735475 |
|  Total number of portfolio holdings |  | 60 |
|  Portfolio turnover (%) |  | 13% |

---

1 continued>>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g03t43.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y594_SAR_1225<br> 5093113 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Large Cap Value Opportunities Fund

Class I Shares/NQCRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Large Cap Value Opportunities Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $40 | 0.75% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 27735475 |
|  Total number of portfolio holdings |  | 60 |
|  Portfolio turnover (%) |  | 13% |

---

1 continued>>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g16x25.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y586_SAR_1225<br> 5093113 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Multi Cap Value Fund

Class A Shares/NQVAX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Multi Cap Value Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class A Shares | $57 | 1.07% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 889855139 |
|  Total number of portfolio holdings |  | 62 |
|  Portfolio turnover (%) |  | 12% |

---

1 continued>>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g00n23.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y792_SAR_1225<br> 5093112 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Multi Cap Value Fund

Class C Shares/NQVCX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class C Shares of the Nuveen Multi Cap Value Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class C Shares | $96 | 1.82% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 889855139 |
|  Total number of portfolio holdings |  | 62 |
|  Portfolio turnover (%) |  | 12% |

---

1 continued>>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g00n23.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y776_SAR_1225<br> 5093112 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Multi Cap Value Fund

Class I Shares/NQVRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Multi Cap Value Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $44 | 0.82% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 889855139 |
|  Total number of portfolio holdings |  | 62 |
|  Portfolio turnover (%) |  | 12% |

---

1 continued>>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g00n23.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y768_SAR_1225<br> 5093112 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Small Cap Value Opportunities Fund

Class A Shares/NSCAX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Small Cap Value Opportunities Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class A Shares | $63 | 1.20% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 259615925 |
|  Total number of portfolio holdings |  | 66 |
|  Portfolio turnover (%) |  | 37% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 continued>>

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g00n07.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y750_SAR_1225<br> 5093115 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Small Cap Value Opportunities Fund

Class C Shares/NSCCX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class C Shares of the Nuveen Small Cap Value Opportunities Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class C Shares | $102 | 1.95% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 259615925 |
|  Total number of portfolio holdings |  | 66 |
|  Portfolio turnover (%) |  | 37% |

---

1 continued>>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g70w13.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y735_SAR_1225<br> 5093115 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Small Cap Value Opportunities Fund

Class R6 Shares/NSCFX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Small Cap Value Opportunities Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $36 | 0.69% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 259615925 |
|  Total number of portfolio holdings |  | 66 |
|  Portfolio turnover (%) |  | 37% |

---

1 continued>>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g51n05.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 670729847_SAR_1225<br> 5093115 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Small Cap Value Opportunities Fund

Class I Shares/NSCRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Small Cap Value Opportunities Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $50 | 0.95% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 259615925 |
|  Total number of portfolio holdings |  | 66 |
|  Portfolio turnover (%) |  | 37% |

---

1 continued>>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g02x51.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y727_SAR_1225<br> 5093115 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Small/Mid Cap Value Fund

Class A Shares/NSMAX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Small/Mid Cap Value Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class A Shares | $69 | 1.31% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 102799035 |
|  Total number of portfolio holdings |  | 64 |
|  Portfolio turnover (%) |  | 45% |

---

1 continued>>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g00n15.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y578_SAR_1225<br> 5093114 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Small/Mid Cap Value Fund

Class C Shares/NSMCX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class C Shares of the Nuveen Small/Mid Cap Value Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class C Shares | $109 | 2.06% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 102799035 |
|  Total number of portfolio holdings |  | 64 |
|  Portfolio turnover (%) |  | 45% |

---

1 continued>>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g00l25.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y552_SAR_1225<br> 5093114 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Small/Mid Cap Value Fund

Class R6 Shares/NWQFX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Small/Mid Cap Value Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class R6 Shares | $49 | 0.92% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 102799035 |
|  Total number of portfolio holdings |  | 64 |
|  Portfolio turnover (%) |  | 45% |

---

1 continued>>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g74t67.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 670729466_SAR_1225<br> 5093114 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> ![LOGO](g72588g1g19w55.jpg) | <br> Semi-Annual Shareholder Report <br>December 31, 2025  |

---

Nuveen Small/Mid Cap Value Fund

Class I Shares/NSMRX

Semi-Annual Shareholder Report

This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Small/Mid Cap Value Fund for the period of July 1, 2025 to December 31, 2025. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Cost of a** <br> **$10,000 investment**  | **Costs paid as a percentage of<br> $10,000 investment\*** |
| &nbsp;&nbsp;&nbsp; Class I Shares | $56 | 1.06% |

---

\* Annualized for period less than one year.

Fund Statistics (as of December 31, 2025)

---

| | | |
|:---|:---|:---|
|  Fund net assets | $| 102799035 |
|  Total number of portfolio holdings |  | 64 |
|  Portfolio turnover (%) |  | 45% |

---

1 continued>>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

What did the Fund invest in? (as of December 31, 2025)

![LOGO](g72588g1g83n59.jpg)

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257-8787.

---

| | |
|:---|:---|
| 67064Y545_SAR_1225<br> 5093114 | <br> ![LOGO](g72588g1g85u20.jpg)  |

---

2.0 ------

**Item 2.** **Code of Ethics.** <br>

Not applicable to this filing.

------

**Item 3.** **Audit Committee Financial Expert.** <br>

Not applicable to this filing.

------

**Item 4.** **Principal Accountant Fees and Services.** <br>

Not applicable to this filing.

------

**Item 5.** **Audit Committee of Listed Registrants.** <br>

Not applicable to this registrant.

------

**Item 6.** **Investments.** <br>

(a) Schedule of Investments is included as part of the financial statements filed under Item 7 of this Form N-CSR.

(b) Not applicable.

------

**Item 7.** **Financial Statements and Financial Highlights for Open-End Management Investment Companies.** <br>

------

Portfolio of Investments December 31, 2025

Global Equity Income

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM INVESTMENTS - 98.4%

143650181

COMMON STOCKS - 94.4%

AUSTRALIA - 1.6%

80,241

BHP Group Ltd

$

2,421,603

TOTAL AUSTRALIA

2,421,603

BELGIUM - 1.4%

7,962

UCB SA

2,218,423

TOTAL BELGIUM

2,218,423

CHINA - 0.9%

9,051

Alibaba Group Holding Ltd, Sponsored ADR

1,326,696

TOTAL CHINA

1,326,696

FINLAND - 1.8%

142,216

Nordea Bank Abp

2,675,687

TOTAL FINLAND

2,675,687

FRANCE - 2.6%

9,230

Airbus SE

2,143,426

17,700

Publicis Groupe SA

1,838,103

TOTAL FRANCE

3,981,529

GERMANY - 6.4%

4,864

Allianz SE

2,249,003

7,295

Deutsche Boerse AG

1,917,281

57,180

Deutsche Post AG

3,117,779

8,913

Siemens AG

2,496,321

TOTAL GERMANY

9,780,384

HONG KONG - 4.5%

1,364,000

Hang Lung Properties Ltd

1,510,389

343,921

Prudential PLC

5,290,564

TOTAL HONG KONG

6,800,953

ITALY - 1.6%

227,222

Enel SpA

2,362,503

TOTAL ITALY

2,362,503

JAPAN - 6.7%

107,650

Mitsubishi Electric Corp

3,138,734

84,160

Mitsui & Co Ltd

2,499,327

152,400

Sumitomo Mitsui Trust Group Inc

4,644,366

TOTAL JAPAN

10,282,427

NETHERLANDS - 4.5%

20,649

Heineken NV

1,703,685

95,103

(a) ING Groep NV

2,673,177

31,492

NN Group NV

2,429,438

TOTAL NETHERLANDS

6,806,300

NORWAY - 1.2%

130,828

Telenor ASA

1,902,819

TOTAL NORWAY

1,902,819

SINGAPORE - 1.6%

155,020

Oversea-Chinese Banking Corp Ltd

2,381,607

TOTAL SINGAPORE

2,381,607

SOUTH KOREA - 1.5%

37,064

Samsung Electronics Co Ltd

2,300,591

TOTAL SOUTH KOREA

2,300,591

SWITZERLAND - 2.8%

27,210

DSM-Firmenich AG

2,195,027

2,847

Zurich Insurance Group AG

2,154,331

TOTAL SWITZERLAND

4,349,358

UNITED KINGDOM - 3.3%

23,624

AstraZeneca PLC, Sponsored ADR

2,171,754

188,200

National Grid PLC

2,886,701

TOTAL UNITED KINGDOM

5,058,455

Portfolio of Investments December 31, 2025

(continued)

Global Equity Income

See Notes to Financial Statements

SHARES

DESCRIPTION

VALUE

UNITED STATES - 52.0%

18,258

Abbott Laboratories

$

2,287,545

54,270

Alliant Energy Corp

3,528,093

9,494

Alphabet Inc, Class A

2,971,622

92,882

AT&T Inc

2,307,189

10,981

Broadcom Inc

3,800,524

11,890

Cheniere Energy Inc

2,311,297

11,807

Chevron Corp

1,799,505

34,763

Cisco Systems Inc

2,677,794

32,064

Coca-Cola Co/The

2,241,594

6,030

Eaton Corp PLC

1,920,615

6,641

Elevance Health Inc

2,328,002

75,286

Enterprise Products Partners LP

2,413,669

29,679

Eversource Energy

1,998,287

45,094

Fifth Third Bancorp

2,110,850

5,890

General Dynamics Corp

1,982,927

34,425

General Motors Co

2,799,441

475,421

Haleon PLC

2,402,484

6,992

Home Depot Inc/The

2,405,947

11,081

JPMorgan Chase & Co

3,570,520

3,928

Meta Platforms Inc

2,592,834

2,545

Regeneron Pharmaceuticals Inc

1,964,409

5,822

Roche Holding AG

2,404,312

31,545

Sanofi SA

3,052,142

110,092

Shell PLC

4,057,139

64,969

Smurfit WestRock PLC

2,512,351

84,240

Verizon Communications Inc

3,431,095

30,021

Walmart Inc

3,344,640

26,739

Walt Disney Co/The

3,042,096

50,879

Wells Fargo & Co

4,741,923

TOTAL UNITED STATES

79,000,846

TOTAL COMMON STOCKS

(Cost $92,776,848)

143,650,181

SHARES

DESCRIPTION

RATE

VALUE

2,361,852

CONVERTIBLE PREFERRED SECURITIES - 1.5%

UNITED STATES - 1.5%

34,200

Boeing Co/The

6.000 %

2,361,852

TOTAL UNITED STATES

2,361,852

TOTAL CONVERTIBLE PREFERRED SECURITIES

(Cost $1,892,532)

2,361,852

SHARES

DESCRIPTION

RATE

ISSUE PRICE

CAP PRICE

MATURITY

VALUE

3823803

STRUCTURED NOTES - 2.5%

12,700

Merrill Lynch BV, Linked To

Builders Firstsource Inc. (Cap

120.00% of the Issue Price)

10.500 %

$136.8830

$164.2596

02/25/26

1,334,016

19,800

Merrill Lynch BV, Linked To

Echostar Corp. (Cap 115.70% of

the Issue Price), Reg S

19.000 $74.7734

$86.5128

06/08/26

1,707,684

See Notes to Financial Statements

SHARES

DESCRIPTION

RATE

ISSUE PRICE

CAP PRICE

MATURITY

VALUE

1,050

Merrill Lynch BV, Linked To

Regeneron Pharmaceuticals Inc.

(Cap 111.57% of the Issue Price)

12.000 %

$707.5227

$789.3831

05/18/26

$

782,103

TOTAL STRUCTURED NOTES

(Cost $3,910,026)

3,823,803

TOTAL LONG-TERM INVESTMENTS

(Cost $98,579,406)

149,835,836

SHARES

DESCRIPTION

Coupon

VALUE

INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 0.4%

510,963

(b) State Street Navigator Securities Lending

Government Money Market Portfolio

3.830%(c)

510,963

TOTAL INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING

(Cost $510,963)

510,963

TOTAL INVESTMENTS (Cost $99,090,369) - 98.8%

150,346,799

OTHER ASSETS & LIABILITIES, NET - 1.2%

1,894,936

NET ASSETS - 100%

$

152,241,735

ADR

American Depositary Receipt

Reg S

Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering

those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the

registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are

made outside the United States.

(a) 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 fiscal period was $483,848.

(b) Investments made with cash collateral received from securities on loan.

(c) The rate shown is the one-day yield as of the end of the reporting period.

Portfolio of Investments December 31, 2025

International Value

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM INVESTMENTS - 99.1%

1296827563

COMMON STOCKS - 99.1%

BRAZIL - 1.1%

1,072,786

Vale SA, Sponsored ADR

$

13,978,402

TOTAL BRAZIL

13,978,402

CANADA - 4.7%

263,715

Agnico Eagle Mines Ltd

44,707,604

262,237

Nutrien Ltd

16,186,455

TOTAL CANADA

60,894,059

CHINA - 1.3%

942,800

Alibaba Group Holding Ltd

17,310,710

TOTAL CHINA

17,310,710

FRANCE - 14.5%

323,726

Accor SA

18,250,511

1,074,355

Alstom SA

31,695,513

132,982

Capgemini SE

22,081,413

202,754

Publicis Groupe SA

21,055,523

525,253

Societe Generale SA

42,284,956

623,488

Technip Energies NV

23,743,561

113,535

Thales SA

30,627,858

TOTAL FRANCE

189,739,335

GERMANY - 11.7%

56,545

Allianz SE

26,145,119

278,858

BASF SE

14,673,113

524,780

Deutsche Post AG

28,613,997

319,396

Fresenius Medical Care AG

15,256,123

261,760

Infineon Technologies AG

11,420,835

51,022

SAP SE

12,396,740

157,389

Siemens AG

44,080,940

TOTAL GERMANY

152,586,867

HONG KONG - 4.5%

11,823,000

Hang Lung Properties Ltd

13,091,882

2,010,416

Prudential PLC

30,926,386

1,317,000

Techtronic Industries Co Ltd

15,149,618

TOTAL HONG KONG

59,167,886

JAPAN - 17.3%

556,700

FUJIFILM Holdings Corp

11,812,289

1,080,600

Japan Airlines Co Ltd

20,040,514

532,285

Komatsu Ltd

16,890,704

1,435,524

Mabuchi Motor Co Ltd

13,202,258

1,145,400

Mitsubishi Electric Corp

33,396,246

967,600

NIDEC CORP

13,138,084

952,900

Seven & i Holdings Co Ltd

13,690,323

59,000

SMC Corp

20,414,044

760,300

Sompo Holdings Inc

25,806,249

1,294,200

Sumitomo Mitsui Trust Group Inc

39,440,543

821,300

Toyota Motor Corp

17,639,137

8,972

(a) Toyota Motor Corp, Sponsored ADR

1,920,546

TOTAL JAPAN

227,390,937

NETHERLANDS - 8.5%

224,264

Heineken NV

18,503,330

2,186,002

ING Groep NV

61,444,643

262,084

NN Group NV

20,218,370

113,889

Wolters Kluwer NV

11,796,214

TOTAL NETHERLANDS

111,962,557

SINGAPORE - 1.6%

1,357,332

Oversea-Chinese Banking Corp Ltd

20,852,994

TOTAL SINGAPORE

20,852,994

See Notes to Financial Statements

SHARES

DESCRIPTION

VALUE

SOUTH AFRICA - 1.5%

466,591

Anglo American PLC

$

19,299,372

TOTAL SOUTH AFRICA

19,299,372

SOUTH KOREA - 1.3%

123,239

Hyundai Motor Co

17,661,588

TOTAL SOUTH KOREA

17,661,588

SWITZERLAND - 6.4%

12,050

Barry Callebaut AG

19,700,672

218,395

DSM-Firmenich AG

17,617,895

1,002,071

(a) UBS Group AG

46,405,908

TOTAL SWITZERLAND

83,724,475

TAIWAN - 1.8%

473,000

Taiwan Semiconductor Manufacturing Co Ltd

23,251,382

TOTAL TAIWAN

23,251,382

UNITED KINGDOM - 11.8%

6,845,283

Barclays PLC

43,817,535

660,267

Diageo PLC

14,227,382

3,226,749

Melrose Industries PLC

25,449,178

1,683,392

National Grid PLC

25,820,672

9,578,788

Taylor Wimpey PLC

13,860,564

5,226,058

Tesco PLC

31,078,479

TOTAL UNITED KINGDOM

154,253,810

UNITED STATES - 11.1%

324,225

Axis Capital Holdings Ltd

34,721,255

806,226

GSK PLC

19,766,416

65,102

Roche Holding AG

26,885,183

234,348

Sanofi SA

22,674,378

995,790

Shell PLC

36,697,109

54,557

Shell PLC, ADR

4,008,848

TOTAL UNITED STATES

144,753,189

TOTAL COMMON STOCKS

(Cost $1,167,313,703)

1,296,827,563

TOTAL LONG-TERM INVESTMENTS

(Cost $1,167,313,703)

1,296,827,563

SHARES

DESCRIPTION

Coupon

VALUE

INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 0.3%

3,992,455

(b) State Street Navigator Securities Lending

Government Money Market Portfolio

3.830%(c)

3,992,455

TOTAL INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING

(Cost $3,992,455)

3,992,455

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS - 1.7%

22489955

REPURCHASE AGREEMENTS - 1.7%

$

689,955

(d) Fixed Income Clearing Corporation

1.060 01/02/26

689,955

21,800,000

(e) Fixed Income Clearing Corporation

3.780 01/02/26

21,800,000

TOTAL REPURCHASE AGREEMENTS

(Cost $22,489,955)

22,489,955

TOTAL SHORT-TERM INVESTMENTS

(Cost $22,489,955)

22,489,955

TOTAL INVESTMENTS (Cost $1,193,796,113) - 101.1%

1,323,309,973

OTHER ASSETS & LIABILITIES, NET - (1.1)%

(13,786,660)

NET ASSETS - 100%

$

1,309,523,313

ADR

American Depositary Receipt

(a) 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 fiscal period was $3,887,146.

(b) Investments made with cash collateral received from securities on loan.

(c) The rate shown is the one-day yield as of the end of the reporting period.

Portfolio of Investments December 31, 2025

(continued)

International Value

See Notes to Financial Statements

(d) Agreement with Fixed Income Clearing Corporation, 1.060% dated 12/31/25 to be repurchased at $689,995 on 1/2/26,

collateralized by Government Agency Securities, with coupon rate 4.750% and maturity date 11/15/43, valued at $703,862.

(e) Agreement with Fixed Income Clearing Corporation, 3.780% dated 12/31/25 to be repurchased at $21,804,578 on 1/2/26,

collateralized by Government Agency Securities, with coupon rate 3.500% and maturity date 11/30/30, valued at $22,236,080.

Portfolio of Investments December 31, 2025

Large Cap Value Opportunities

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM INVESTMENTS - 95.3%

26431475

COMMON STOCKS - 95.3%

26431475

AUTOMOBILES & COMPONENTS - 3.9%

21,894

Ford Motor Co

$

287,249

9,473

General Motors Co

770,345

TOTAL AUTOMOBILES & COMPONENTS

1,057,594

BANKS - 9.1%

7,938

Citigroup Inc

926,285

2,500

JPMorgan Chase & Co

805,550

8,911

Wells Fargo & Co

830,505

TOTAL BANKS

2,562,340

CAPITAL GOODS - 13.5%

2,680

(a) Boeing Co/The

581,882

6,300

Carrier Global Corp

332,892

13,250

Flowserve Corp

919,285

1,978

General Dynamics Corp

665,914

668

Hubbell Inc

296,665

5,511

nVent Electric PLC

561,957

2,729

Regal Rexnord Corp

382,933

TOTAL CAPITAL GOODS

3,741,528

CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 1.0%

1,204

(a) Amazon.com Inc

277,907

TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL

277,907

CONSUMER DURABLES & APPAREL - 0.6%

1,522

PulteGroup Inc

178,470

TOTAL CONSUMER DURABLES & APPAREL

178,470

CONSUMER STAPLES DISTRIBUTION & RETAIL - 3.5%

5,307

Target Corp

518,759

4,131

Walmart Inc

460,235

TOTAL CONSUMER STAPLES DISTRIBUTION & RETAIL

978,994

ENERGY - 9.5%

8,208

Baker Hughes Co

373,792

3,459

Cheniere Energy Inc

672,395

2,749

Chevron Corp

418,975

25,954

Permian Resources Corp, Class A

364,135

10,943

Shell PLC, ADR

804,092

TOTAL ENERGY

2,633,389

EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) - 2.6%

2,482

Camden Property Trust

273,219

2,454

Simon Property Group Inc

454,260

TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)

727,479

FINANCIAL SERVICES - 8.4%

3,376

Capital One Financial Corp

818,207

3,710

(a) Fiserv Inc

249,201

3,203

KKR & Co Inc

408,318

2,697

Morgan Stanley

478,799

2,713

State Street Corp

350,004

TOTAL FINANCIAL SERVICES

2,304,529

FOOD, BEVERAGE & TOBACCO - 1.1%

1,863

Philip Morris International Inc

298,825

TOTAL FOOD, BEVERAGE & TOBACCO

298,825

HEALTH CARE EQUIPMENT & SERVICES - 1.4%

2,182

Quest Diagnostics Inc

378,642

TOTAL HEALTH CARE EQUIPMENT & SERVICES

378,642

HOUSEHOLD & PERSONAL PRODUCTS - 1.8%

28,775

Kenvue Inc

496,369

TOTAL HOUSEHOLD & PERSONAL PRODUCTS

496,369

Portfolio of Investments December 31, 2025

(continued)

Large Cap Value Opportunities

See Notes to Financial Statements

SHARES

DESCRIPTION

VALUE

INSURANCE - 3.6%

4,504

American International Group Inc

$

385,317

703

Aon PLC, Class A

248,075

1,300

RenaissanceRe Holdings Ltd

365,508

TOTAL INSURANCE

998,900

MATERIALS - 4.1%

8,314

DuPont de Nemours Inc

334,223

7,745

Freeport-McMoRan Inc

393,369

10,727

Smurfit WestRock PLC

414,812

TOTAL MATERIALS

1,142,404

MEDIA & ENTERTAINMENT - 6.2%

2,281

Alphabet Inc, Class A

713,952

26,571

(a) TripAdvisor Inc

386,874

5,579

Walt Disney Co/The

634,723

TOTAL MEDIA & ENTERTAINMENT

1,735,549

PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 8.2%

4,554

AstraZeneca PLC, Sponsored ADR

418,649

3,669

Gilead Sciences Inc

450,333

47,545

(b) Haleon PLC, ADR

480,681

661

Regeneron Pharmaceuticals Inc

510,206

8,996

Sanofi SA, ADR

435,946

TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES

2,295,815

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.4%

10,816

(a) Intel Corp

399,111

3,054

Qnity Electronics Inc

249,359

TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT

648,470

SOFTWARE & SERVICES - 3.1%

3,241

(a) Akamai Technologies Inc

282,777

15,316

Gen Digital Inc

416,442

834

Oracle Corp

162,555

TOTAL SOFTWARE & SERVICES

861,774

TECHNOLOGY HARDWARE & EQUIPMENT - 2.8%

1,383

Seagate Technology Holdings PLC

380,864

11,611

(a) Viasat Inc

400,115

TOTAL TECHNOLOGY HARDWARE & EQUIPMENT

780,979

TELECOMMUNICATION SERVICES - 1.9%

20,657

AT&T Inc

513,120

TOTAL TELECOMMUNICATION SERVICES

513,120

TRANSPORTATION - 1.4%

1,666

Union Pacific Corp

385,379

TOTAL TRANSPORTATION

385,379

UTILITIES - 5.2%

4,303

Alliant Energy Corp

279,738

2,286

Duke Energy Corp

267,942

7,275

Eversource Energy

489,826

4,459

Pinnacle West Capital Corp

395,513

TOTAL UTILITIES

1,433,019

TOTAL COMMON STOCKS

(Cost $15,679,381)

26,431,475

TOTAL LONG-TERM INVESTMENTS

(Cost $15,679,381)

26,431,475

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 1.5%

404,577

(c) State Street Navigator Securities Lending Government Money

Market Portfolio

3.830%(d)

404,577

TOTAL INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING

(Cost $404,577)

404,577

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS - 4.2%

1,175,000

REPURCHASE AGREEMENTS - 4.2%

1,175,000

$

1,175,000

(e) Fixed Income Clearing Corporation

3.780 %

01/02/26

$

1,175,000

TOTAL REPURCHASE AGREEMENTS

(Cost $1,175,000)

1,175,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $1,175,000)

1,175,000

TOTAL INVESTMENTS - 101.0%

(Cost $17,258,958)

28,011,052

OTHER ASSETS & LIABILITIES, NET - (1.0)%

(275,577)

NET ASSETS - 100%

$

27,735,475

ADR

American Depositary Receipt

(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 fiscal period was $388,982.

(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, 3.780% dated 12/31/25 to be repurchased at $1,175,247 on 1/2/26,

collateralized by Government Agency Securities, with coupon rate 3.500% and maturity date 11/30/30, valued at $1,198,661.

Portfolio of Investments December 31, 2025

Multi Cap Value

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM INVESTMENTS - 94.8%

843833538

COMMON STOCKS - 94.8%

843833538

AUTOMOBILES & COMPONENTS - 3.7%

718,846

Ford Motor Co

$

9,431,260

288,640

General Motors Co

23,472,205

TOTAL AUTOMOBILES & COMPONENTS

32,903,465

BANKS - 9.8%

246,711

Citigroup Inc

28,788,706

72,151

JPMorgan Chase & Co

23,248,495

279,792

Wells Fargo & Co

26,076,614

107,410

Western Alliance Bancorp

9,029,959

TOTAL BANKS

87,143,774

CAPITAL GOODS - 12.4%

84,456

(a) Boeing Co/The

18,337,087

411,460

Flowserve Corp

28,547,095

60,989

General Dynamics Corp

20,532,556

23,833

Hubbell Inc

10,584,474

177,329

nVent Electric PLC

18,082,238

103,015

Regal Rexnord Corp

14,455,065

TOTAL CAPITAL GOODS

110,538,515

CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 1.0%

40,360

(a) Amazon.com Inc

9,315,895

TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL

9,315,895

CONSUMER DURABLES & APPAREL - 0.7%

52,485

PulteGroup Inc

6,154,391

TOTAL CONSUMER DURABLES & APPAREL

6,154,391

CONSUMER STAPLES DISTRIBUTION & RETAIL - 3.5%

169,788

Target Corp

16,596,777

129,351

Walmart Inc

14,410,995

TOTAL CONSUMER STAPLES DISTRIBUTION & RETAIL

31,007,772

ENERGY - 10.0%

277,584

Baker Hughes Co

12,641,175

113,321

Cheniere Energy Inc

22,028,469

85,936

Chevron Corp

13,097,506

1,127,568

Permian Resources Corp, Class A

15,819,779

343,578

Shell PLC, ADR

25,246,112

TOTAL ENERGY

88,833,041

EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) - 1.0%

230,044

STAG Industrial Inc

8,456,417

TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)

8,456,417

EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) - 2.4%

77,286

Camden Property Trust

8,507,643

69,645

Simon Property Group Inc

12,891,986

TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)

21,399,629

FINANCIAL SERVICES - 8.3%

110,896

Capital One Financial Corp

26,876,755

119,082

(a) Fiserv Inc

7,998,738

83,977

Morgan Stanley

14,908,437

791,409

Perella Weinberg Partners

13,691,376

84,113

State Street Corp

10,851,418

TOTAL FINANCIAL SERVICES

74,326,724

HOUSEHOLD & PERSONAL PRODUCTS - 1.8%

921,292

Kenvue Inc

15,892,287

TOTAL HOUSEHOLD & PERSONAL PRODUCTS

15,892,287

INSURANCE - 5.1%

20,885

Aon PLC, Class A

7,369,899

25,593

Everest Group Ltd

8,684,985

1,925,778

(a) Genworth Financial Inc

17,389,775

See Notes to Financial Statements

SHARES

DESCRIPTION

VALUE

INSURANCE

(continued)

43,140

RenaissanceRe Holdings Ltd

$

12,129,242

TOTAL INSURANCE

45,573,901

MATERIALS - 3.4%

258,762

DuPont de Nemours Inc

10,402,232

85,328

Innospec Inc

6,531,005

346,034

Smurfit WestRock PLC

13,381,135

TOTAL MATERIALS

30,314,372

MEDIA & ENTERTAINMENT - 6.0%

65,744

Alphabet Inc, Class A

20,577,872

859,832

(a) TripAdvisor Inc

12,519,154

177,573

Walt Disney Co/The

20,202,480

TOTAL MEDIA & ENTERTAINMENT

53,299,506

PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 10.1%

930,686

(a) ADMA Biologics Inc

16,975,713

139,134

AstraZeneca PLC, Sponsored ADR

12,790,589

110,876

Gilead Sciences Inc

13,608,920

1,559,200

(b) Haleon PLC, ADR

15,763,511

20,586

Regeneron Pharmaceuticals Inc

15,889,716

307,941

Sanofi SA, ADR

14,922,821

TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES

89,951,270

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.8%

330,357

(a) Intel Corp

12,190,174

105,625

Qnity Electronics Inc

8,624,281

48,714

(a) Rambus Inc

4,476,329

TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT

25,290,784

SOFTWARE & SERVICES - 4.0%

105,330

(a) Akamai Technologies Inc

9,190,043

500,198

Gen Digital Inc

13,600,383

26,005

Oracle Corp

5,068,635

250,876

(a) Teradata Corp

7,636,665

TOTAL SOFTWARE & SERVICES

35,495,726

TECHNOLOGY HARDWARE & EQUIPMENT - 1.8%

456,963

(a) Viasat Inc

15,746,945

TOTAL TECHNOLOGY HARDWARE & EQUIPMENT

15,746,945

TELECOMMUNICATION SERVICES - 1.9%

678,194

AT&T Inc

16,846,339

TOTAL TELECOMMUNICATION SERVICES

16,846,339

UTILITIES - 5.1%

125,215

Alliant Energy Corp

8,140,227

69,869

Duke Energy Corp

8,189,345

240,450

Eversource Energy

16,189,499

144,574

Pinnacle West Capital Corp

12,823,714

TOTAL UTILITIES

45,342,785

TOTAL COMMON STOCKS

(Cost $658,066,906)

843,833,538

TOTAL LONG-TERM INVESTMENTS

(Cost $658,066,906)

843,833,538

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 0.6%

5,244,448

(c) State Street Navigator Securities Lending Government Money

Market Portfolio

3.830%(d)

5,244,448

TOTAL INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING

(Cost $5,244,448)

5,244,448

Portfolio of Investments December 31, 2025

(continued)

Multi Cap Value

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS - 5.1%

45508693

REPURCHASE AGREEMENTS - 5.1%

45508693

$

42,750,000

(e) Fixed Income Clearing Corporation

3.780 %

01/02/26

$

42,750,000

2,758,693

(f) Fixed Income Clearing Corporation

1.060 01/02/26

2,758,693

TOTAL REPURCHASE AGREEMENTS

(Cost $45,508,693)

45,508,693

TOTAL SHORT-TERM INVESTMENTS

(Cost $45,508,693)

45,508,693

TOTAL INVESTMENTS - 100.5%

(Cost $708,820,047)

894,586,679

OTHER ASSETS & LIABILITIES, NET - (0.5)%

(4,731,540)

NET ASSETS - 100%

$

889,855,139

ADR

American Depositary Receipt

(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 fiscal period was $5,042,413.

(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, 3.780% dated 12/31/25 to be repurchased at $42,758,978 on 1/2/26,

collateralized by Government Agency Securities, with coupon rate 3.625% and maturity date 10/31/30, valued at $43,605,128.

(f) Agreement with Fixed Income Clearing Corporation, 1.060% dated 12/31/25 to be repurchased at $2,758,856 on 1/2/26,

collateralized by Government Agency Securities, with coupon rate 4.750% and maturity date 11/15/43, valued at $2,813,964.

Portfolio of Investments December 31, 2025

Small Cap Value Opportunities

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM INVESTMENTS - 98.4%

255419356

COMMON STOCKS - 98.4%

255419356

AUTOMOBILES & COMPONENTS - 1.3%

92,104

Standard Motor Products Inc

$

3,394,032

TOTAL AUTOMOBILES & COMPONENTS

3,394,032

BANKS - 13.4%

163,956

Atlantic Union Bankshares Corp

5,787,647

129,905

Glacier Bancorp Inc

5,722,315

188,450

Home BancShares Inc/AR

5,235,141

218,563

Seacoast Banking Corp of Florida

6,867,249

67,909

(a) Texas Capital Bancshares Inc

6,148,481

425,607

Valley National Bancorp

4,971,090

TOTAL BANKS

34,731,923

CAPITAL GOODS - 13.7%

50,011

Atkore Inc

3,163,196

135,586

(a) Cardinal Infrastructure Group Inc, Class A

3,278,470

84,056

Douglas Dynamics Inc

2,744,428

98,795

Flowserve Corp

6,854,397

74,167

Fortune Brands Innovations Inc

3,709,833

99,033

Mueller Water Products Inc, Class A

2,358,966

15,219

(a) MYR Group Inc

3,325,352

52,487

(a) Proto Labs Inc

2,655,317

67,960

(a) Vicor Corp

7,448,416

TOTAL CAPITAL GOODS

35,538,375

COMMERCIAL & PROFESSIONAL SERVICES - 2.2%

198,765

(a) Amentum Holdings Inc

5,764,185

TOTAL COMMERCIAL & PROFESSIONAL SERVICES

5,764,185

CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 3.5%

71,719

Academy Sports & Outdoors Inc

3,583,081

66,039

(a) GigaCloud Technology Inc, Class A

2,594,012

35,862

Signet Jewelers Ltd

2,972,243

TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL

9,149,336

CONSUMER DURABLES & APPAREL - 4.0%

34,137

(a) Crocs Inc

2,919,397

56,145

(a) Taylor Morrison Home Corp

3,305,256

93,613

(a) YETI Holdings Inc

4,134,886

TOTAL CONSUMER DURABLES & APPAREL

10,359,539

CONSUMER SERVICES - 1.3%

315,399

(a) El Pollo Loco Holdings Inc

3,299,073

TOTAL CONSUMER SERVICES

3,299,073

ENERGY - 3.9%

233,120

Antero Midstream Corp

4,147,205

146,646

(a) Innovex International Inc

3,207,148

122,894

Magnolia Oil & Gas Corp, Class A

2,690,149

TOTAL ENERGY

10,044,502

EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) - 3.8%

232,395

Americold Realty Trust Inc

2,988,600

114,454

COPT Defense Properties

3,181,821

154,428

Curbline Properties Corp

3,584,274

TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)

9,754,695

EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) - 1.7%

235,541

Sabra Health Care REIT Inc

4,461,146

TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)

4,461,146

FINANCIAL SERVICES - 10.7%

654,096

BGC Group Inc, Class A

5,841,077

112,344

Marex Group PLC

4,309,516

108,475

(a) NCR Atleos Corp

4,133,982

30,814

PennyMac Financial Services Inc

4,062,518

146,395

Perella Weinberg Partners

2,532,634

394,458

Rithm Capital Corp

4,299,592

Portfolio of Investments December 31, 2025

(continued)

Small Cap Value Opportunities

See Notes to Financial Statements

SHARES

DESCRIPTION

VALUE

FINANCIAL SERVICES

(continued)

192,517

(a) Wealthfront Corp

$

2,616,306

TOTAL FINANCIAL SERVICES

27,795,625

FOOD, BEVERAGE & TOBACCO - 1.3%

161,065

(a) Simply Good Foods Co/The

3,234,185

TOTAL FOOD, BEVERAGE & TOBACCO

3,234,185

HEALTH CARE EQUIPMENT & SERVICES - 6.9%

32,298

(a) Addus HomeCare Corp

3,468,482

107,524

(a) Castle Biosciences Inc

4,182,684

205,316

(a) Certara Inc

1,808,834

57,722

(a) LivaNova PLC

3,551,635

232,532

(a) Pediatrix Medical Group Inc

4,973,859

TOTAL HEALTH CARE EQUIPMENT & SERVICES

17,985,494

INSURANCE - 2.5%

731,495

(a) Genworth Financial Inc

6,605,400

TOTAL INSURANCE

6,605,400

MATERIALS - 5.5%

237,568

(a),(b)

Flotek Industries Inc

4,093,297

47,416

Minerals Technologies Inc

2,890,005

238,554

Titan America SA

3,931,370

99,997

Worthington Steel Inc

3,461,896

TOTAL MATERIALS

14,376,568

PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 4.1%

220,963

(a) ADMA Biologics Inc

4,030,365

124,051

(a) Alkermes PLC

3,470,947

51,395

(a) Prestige Consumer Healthcare Inc

3,170,558

TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES

10,671,870

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 3.1%

56,970

(a) Ambarella Inc

4,035,755

233,620

(a) MaxLinear Inc

4,071,996

TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT

8,107,751

SOFTWARE & SERVICES - 2.1%

320,251

Adeia Inc

5,524,330

TOTAL SOFTWARE & SERVICES

5,524,330

TECHNOLOGY HARDWARE & EQUIPMENT - 6.7%

296,680

(a) Arlo Technologies Inc

4,150,553

148,456

(a) Knowles Corp

3,181,412

747,332

(a) Powerfleet Inc NJ

3,975,806

174,142

(a) Viasat Inc

6,000,934

TOTAL TECHNOLOGY HARDWARE & EQUIPMENT

17,308,705

UTILITIES - 6.7%

37,617

IDACORP Inc

4,760,808

30,514

ONE Gas Inc

2,357,206

47,381

Ormat Technologies Inc

5,234,179

59,981

Spire Inc

4,960,429

TOTAL UTILITIES

17,312,622

TOTAL COMMON STOCKS

(Cost $216,432,892)

255,419,356

TOTAL LONG-TERM INVESTMENTS

(Cost $216,432,892)

255,419,356

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 0.2%

441,325

(c) State Street Navigator Securities Lending Government Money

Market Portfolio

3.830%(d)

441,325

TOTAL INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING

(Cost $441,325)

441,325

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS - 1.5%

4048940

REPURCHASE AGREEMENTS - 1.5%

4048940

$

3,925,000

(e) Fixed Income Clearing Corporation

3.780 %

01/02/26

$

3,925,000

123,940

(f) Fixed Income Clearing Corporation

1.060 01/02/26

123,940

TOTAL REPURCHASE AGREEMENTS

(Cost $4,048,940)

4,048,940

TOTAL SHORT-TERM INVESTMENTS

(Cost $4,048,940)

4,048,940

TOTAL INVESTMENTS - 100.1%

(Cost $220,923,157)

259,909,621

OTHER ASSETS & LIABILITIES, NET - (0.1)%

(293,696)

NET ASSETS - 100%

$

259,615,925

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 fiscal period was $423,600.

(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, 3.780% dated 12/31/25 to be repurchased at $3,925,824 on 1/2/26,

collateralized by Government Agency Securities, with coupon rates 2.125%–3.875% and maturity dates 12/31/32–2/15/41, valued at

$4,003,672.

(f) Agreement with Fixed Income Clearing Corporation, 1.060% dated 12/31/25 to be repurchased at $123,947 on 1/2/26,

collateralized by Government Agency Securities, with coupon rate 4.750% and maturity date 11/15/43, valued at $126,604.

Portfolio of Investments December 31, 2025

Small/Mid Cap Value

See Notes to Financial Statements

(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM INVESTMENTS - 94.1%

96685938

COMMON STOCKS - 94.1%

96685938

BANKS - 8.1%

15,470

East West Bancorp Inc

$

1,738,673

18,654

Popular Inc

2,322,796

27,865

Prosperity Bancshares Inc

1,925,750

24,432

SOUTHSTATE BANK CORP

2,299,296

TOTAL BANKS

8,286,515

CAPITAL GOODS - 16.0%

19,602

Donaldson Co Inc

1,737,913

34,609

Flowserve Corp

2,401,173

29,343

Fortune Brands Innovations Inc

1,467,737

8,660

IDEX Corp

1,540,960

8,853

ITT Inc

1,536,084

18,110

nVent Electric PLC

1,846,677

11,469

Regal Rexnord Corp

1,609,330

38,421

Sensata Technologies Holding PLC

1,279,035

26,644

(a) Vicor Corp

2,920,182

TOTAL CAPITAL GOODS

16,339,091

COMMERCIAL & PROFESSIONAL SERVICES - 3.2%

72,996

(a) Amentum Holdings Inc

2,116,884

19,125

(a) Parsons Corp

1,181,925

TOTAL COMMERCIAL & PROFESSIONAL SERVICES

3,298,809

CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 2.6%

28,700

Academy Sports & Outdoors Inc

1,433,852

15,497

Signet Jewelers Ltd

1,284,391

TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL

2,718,243

CONSUMER DURABLES & APPAREL - 5.4%

24,455

(a) Birkenstock Holding Plc

1,000,210

79,192

Levi Strauss & Co, Class A

1,642,442

21,464

(a) Taylor Morrison Home Corp

1,263,586

37,223

(a) YETI Holdings Inc

1,644,140

TOTAL CONSUMER DURABLES & APPAREL

5,550,378

CONSUMER STAPLES DISTRIBUTION & RETAIL - 1.2%

13,738

(a) BJ's Wholesale Club Holdings Inc

1,236,832

TOTAL CONSUMER STAPLES DISTRIBUTION & RETAIL

1,236,832

ENERGY - 6.4%

45,836

(a) Antero Resources Corp

1,579,508

47,956

APA Corp

1,173,004

16,261

National Fuel Gas Co

1,301,856

96,291

Permian Resources Corp, Class A

1,350,963

14,721

Weatherford International PLC

1,152,065

TOTAL ENERGY

6,557,396

EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) - 4.1%

11,245

EastGroup Properties Inc

2,003,183

31,222

Rexford Industrial Realty Inc

1,208,916

43,282

Weyerhaeuser Co

1,025,351

TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)

4,237,450

EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) - 1.2%

21,925

First Industrial Realty Trust Inc

1,255,645

TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)

1,255,645

FINANCIAL SERVICES - 9.3%

132,874

AGNC Investment Corp

1,424,409

256,525

BGC Group Inc, Class A

2,290,768

11,620

PennyMac Financial Services Inc

1,531,981

72,633

Perella Weinberg Partners

1,256,551

120,909

Rithm Capital Corp

1,317,908

13,423

Stifel Financial Corp

1,680,828

TOTAL FINANCIAL SERVICES

9,502,445

See Notes to Financial Statements

SHARES

DESCRIPTION

VALUE

HEALTH CARE EQUIPMENT & SERVICES - 1.2%

43,094

(a) QuidelOrtho Corp

$

1,230,765

TOTAL HEALTH CARE EQUIPMENT & SERVICES

1,230,765

INSURANCE - 4.1%

5,634

Everest Group Ltd

1,911,898

256,460

(a) Genworth Financial Inc

2,315,834

TOTAL INSURANCE

4,227,732

MATERIALS - 4.2%

8,785

Avery Dennison Corp

1,597,816

6,035

Reliance Inc

1,743,331

13,694

Westlake Corp

1,012,534

TOTAL MATERIALS

4,353,681

MEDIA & ENTERTAINMENT - 1.0%

31,420

Match Group Inc

1,014,552

TOTAL MEDIA & ENTERTAINMENT

1,014,552

PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 7.2%

86,277

(a) ADMA Biologics Inc

1,573,692

47,437

(a) Alkermes PLC

1,327,287

22,460

Bio-Techne Corp

1,320,873

34,318

Bruker Corp

1,616,721

3,187

(a) United Therapeutics Corp

1,552,866

TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES

7,391,439

REAL ESTATE MANAGEMENT & DEVELOPMENT - 1.4%

20,973

(a) Zillow Group Inc, Class A

1,430,988

TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT

1,430,988

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 6.2%

21,103

(a) Ambarella Inc

1,494,937

91,367

(a) MaxLinear Inc

1,592,527

19,426

(a) Rambus Inc

1,785,055

20,767

(a) Synaptics Inc

1,537,173

TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT

6,409,692

SOFTWARE & SERVICES - 2.7%

14,436

(a) Akamai Technologies Inc

1,259,541

96,075

(a) UiPath Inc, Class A

1,574,669

TOTAL SOFTWARE & SERVICES

2,834,210

TECHNOLOGY HARDWARE & EQUIPMENT - 3.3%

67,823

(a) Viasat Inc

2,337,181

4,071

(a) Zebra Technologies Corp, Class A

988,520

TOTAL TECHNOLOGY HARDWARE & EQUIPMENT

3,325,701

TRANSPORTATION - 1.2%

24,386

Knight-Swift Transportation Holdings Inc

1,274,900

TOTAL TRANSPORTATION

1,274,900

UTILITIES - 4.1%

11,737

IDACORP Inc

1,485,435

13,370

Ormat Technologies Inc

1,476,984

33,317

UGI Corp

1,247,055

TOTAL UTILITIES

4,209,474

TOTAL COMMON STOCKS

(Cost $80,649,448)

96,685,938

TOTAL LONG-TERM INVESTMENTS

(Cost $80,649,448)

96,685,938

Portfolio of Investments December 31, 2025

(continued)

Small/Mid Cap Value

See Notes to Financial Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS - 5.6%

5804715

REPURCHASE AGREEMENTS - 5.6%

5804715

$

179,715

(b) Fixed Income Clearing Corporation

1.060 %

01/02/26

$

179,715

5,625,000

(c) Fixed Income Clearing Corporation

3.780 01/02/26

5,625,000

TOTAL REPURCHASE AGREEMENTS

(Cost $5,804,715)

5,804,715

TOTAL SHORT-TERM INVESTMENTS

(Cost $5,804,715)

5,804,715

TOTAL INVESTMENTS - 99.7%

(Cost $86,454,163)

102,490,653

OTHER ASSETS & LIABILITIES, NET - 0.3%

308,382

NET ASSETS - 100%

$

102,799,035

(a) Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.

(b) Agreement with Fixed Income Clearing Corporation, 1.060% dated 12/31/25 to be repurchased at $179,725 on 1/2/26,

collateralized by Government Agency Securities, with coupon rate 4.750% and maturity date 11/15/43, valued at $183,473.

(c) Agreement with Fixed Income Clearing Corporation, 3.780% dated 12/31/25 to be repurchased at $5,626,181 on 1/2/26,

collateralized by Government Agency Securities, with coupon rate 3.625% and maturity date 10/31/30, valued at $5,737,696.

Statement of Assets and Liabilities

See Notes to Financial Statements

December 31, 2025 (Unaudited)

Global Equity

Income

International

Value

Large Cap Value

Opportunities

Multi Cap Value

Small Cap Value

Opportunities

Small/Mid Cap

Value

ASSETS

Long-term investments, at value

†‡

$

149,835,836

$

1,296,827,563

$

26,431,475

$

843,833,538

$

255,419,356

$

96,685,938

Investments purchased with collateral from

securities lending, at value (cost approximates

value)

510,963

3,992,455

404,577

5,244,448

441,325

–

Short-term investments, at value

◊

–

22,489,955

1,175,000

45,508,693

4,048,940

5,804,715

Cash

1,616,961

–

50,203

–

–

–

Cash denominated in foreign currencies

^

–

172,219

–

–

–

–

Receivables:

Dividends

108,429

1,778,705

15,168

389,335

345,671

172,199

Interest

–

2,309

4,570

596

Investments sold

616,381

–

–

–

–

–

Reclaims

163,866

186,871

3,774

–

–

–

Reimbursement from Adviser

16,334

4,653

12,064

186,427

216,504

56,006

Shares sold

44,380

937,231

75,245

725,879

141,634

232,929

Other

396,709

65,786

44,914

56,085

52,752

40,088

Total assets

153,309,859

1,326,457,747

28,212,543

895,948,975

260,666,598

102,992,471

LIABILITIES

Payables:

Management fees

90,479

750,900

15,156

498,990

182,306

66,130

Collateral from securities lending

510,963

3,992,455

404,577

5,244,448

441,325

–

Interest

Investments purchased - regular settlement

168,218

–

–

–

–

–

Shares redeemed

74,156

12,027,236

–

45,488

189,772

27,291

Accrued expenses:

Custodian fees

56,483

69,579

18,240

49,259

38,467

27,796

Trustees fees

74,116

32,024

12,660

20,457

19,224

1,699

Professional fees

24,063

10,700

11,870

28,143

20,485

15,125

Shareholder reporting expenses

14,042

16,557

7,195

40,418

40,249

16,217

Shareholder servicing agent fees

34,030

29,133

3,679

146,566

108,813

35,993

12b-1 distribution and service fees

21,547

5,824

3,686

19,977

9,989

3,168

Total liabilities

1,068,124

16,934,434

477,068

6,093,836

1,050,673

193,436

Net assets

$

152,241,735

$

1,309,523,313

$

27,735,475

$

889,855,139

$

259,615,925

$

102,799,035

NET ASSETS CONSIST OF:

Paid-in capital

$

313,477,666

$

1,376,354,755

$

16,283,347

$

702,404,702

$

221,392,702

$

81,644,551

Total distributable earnings (loss)

(161,235,931)

(66,831,442)

11,452,128

187,450,437

38,223,223

21,154,484

Net assets

$

152,241,735

$

1,309,523,313

$

27,735,475

$

889,855,139

$

259,615,925

$

102,799,035

†

&nbsp;&nbsp;&nbsp;&nbsp;Long-term investments, cost

$

98,579,406

$

1,167,313,703

$

15,679,381

$

658,066,906

$

216,432,892

$

80,649,448

◊

&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments, cost

$

—

$

22,489,955

$

1,175,000

$

45,508,693

$

4,048,940

$

5,804,715

‡ Includes securities loaned of

$

483,848

$

3,887,146

$

388,982

$

5,042,413

$

423,600

$

—

^

&nbsp;&nbsp;&nbsp;&nbsp;Cash denominated in foreign currencies, cost

$

–

$

172,219

$

–

$

–

$

–

$

–

Statement of Assets and Liabilities

(continued)

See Notes to Financial Statements

Global Equity

Income

International

Value

Large Cap Value

Opportunities

Multi Cap Value

Small Cap Value

Opportunities

Small/Mid Cap

Value

CLASS A:

Net assets

$

100,407,839

$

26,234,478

$

10,257,899

$

66,501,357

$

22,360,444

$

9,660,359

Shares outstanding

2,331,509

697,536

1,856,045

1,055,637

470,412

288,899

Net asset value ("NAV") per share

$

43.07 $

37.61 $

5.53 $

63.00 $

47.53 $

33.44 Maximum sales charge

5.75%

5.75%

5.75%

5.75%

5.75%

5.75%

Offering price per share (NAV per share plus

maximum sales charge)

$

45.70 $

39.90 $

5.87 $

66.84 $

50.43 $

35.48 CLASS C:

Net assets

$

423,779

$

421,316

$

1,773,184

$

7,564,525

$

5,998,936

$

1,467,533

Shares outstanding

9,870

11,916

445,958

130,258

164,371

56,412

NAV and offering price per share

$

42.94 $

35.36 $

3.98 $

58.07 $

36.50 $

26.01 CLASS R6:

Net assets

$

—

$

—

$

—

$

—

$

16,368,516

$

2,512,984

Shares outstanding

—

—

—

—

317,047

71,606

NAV and offering price per share

$

—

$

—

$

—

$

—

$

51.63 $

35.09 CLASS I:

Net assets

$

51,410,117

$

1,282,867,519

$

15,704,392

$

815,789,257

$

214,888,029

$

89,158,159

Shares outstanding

1,193,491

33,884,901

2,811,133

12,804,433

4,251,897

2,568,145

NAV and offering price per share

$

43.08 $

37.86 $

5.59 $

63.71 $

50.54 $

34.72 Authorized shares - per class

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Par value per share

$

0.01 $

0.01 $

0.01 $

0.01 $

0.01 $

0.01 Statement of Operations

See Notes to Financial Statements

Six Months Ended December 31, 2025 (Unaudited)

Global Equity

Income

International Value

Large Cap Value

Opportunities

Multi Cap Value

INVESTMENT INCOME

Affiliated income

$

11,548

$

11,528

$

820

$

352,605

Dividends

2,155,843

4,654,186

239,727

6,367,993

Interest

—

258,972

14,499

718,521

Securities lending income, net

927

27,868

3,683

Tax withheld

—

—

—

(5,441)

Total investment income

2,168,318

4,952,554

255,090

7,437,361

EXPENSES

–

–

–

–

Management fees

523,425

2,097,775

82,173

2,382,260

12b-1 service fees - Class A

122,725

31,323

11,807

76,462

12b-1 distribution and service fees - Class C

2,491

1,961

8,002

32,724

Shareholder servicing agent fees - Class A

48,627

7,547

3,281

29,052

Shareholder servicing agent fees - Class C

556

3,120

Shareholder servicing agent fees - Class I

24,734

77,235

4,859

300,775

Interest expense

1,035

Trustees fees

2,581

2,690

11,892

Custodian expenses

19,159

24,803

9,849

26,014

Registration fees

25,074

21,529

18,520

29,534

Professional fees

31,370

39,803

17,910

35,089

Shareholder reporting expenses

11,871

17,744

9,690

28,369

Other

2,892

2,552

2,395

3,671

Total expenses before fee waiver/expense reimbursement

815,257

2,325,144

169,545

2,959,997

Fee waiver/expense reimbursement

(54,104)

—

(56,248)

—

Net expenses

761,153

2,325,144

113,297

2,959,997

Net investment income (loss)

1,407,165

2,627,410

141,793

4,477,364

REALIZED AND UNREALIZED GAIN (LOSS)

Realized gain (loss) from:

Investments

7,560,470

1,492,215

892,173

1,114,350

Written options

98,173

—

—

—

Foreign currency transactions

33,843

35,334

—

—

Net realized gain (loss)

7,692,486

1,527,549

892,173

1,114,350

Change in unrealized appreciation (depreciation) on:

Investments

6,384,862

77,250,270

1,902,538

73,528,116

Written options

(17,955)

—

—

—

Foreign currency translations

(427)

10,522

—

—

Net change in unrealized appreciation (depreciation)

6,366,480

77,260,792

1,902,538

73,528,116

Net realized and unrealized gain (loss)

14,058,966

78,788,341

2,794,711

74,642,466

Net increase (decrease) in net assets from operations

$

15,466,131

$

81,415,751

$

2,936,504

$

79,119,830

Statement of Operations

(continued)

See Notes to Financial Statements

Six Months Ended December 31, 2025 (Unaudited)

Small Cap Value

Opportunities

Small/Mid Cap

Value

INVESTMENT INCOME

Affiliated income

$

376,126

$

134,550

Dividends

1,992,039

753,673

Interest

204,538

92,897

Securities lending income, net

6,406

660

Tax withheld

—

(2,764)

Total investment income

2,579,109

979,016

EXPENSES

–

–

Management fees

1,032,191

373,022

12b-1 service fees - Class A

29,607

10,850

12b-1 distribution and service fees - Class C

20,144

5,480

Shareholder servicing agent fees - Class A

31,585

6,162

Shareholder servicing agent fees - Class C

5,318

773

Shareholder servicing agent fees - Class R6

Shareholder servicing agent fees - Class I

290,119

61,600

Interest expense

2,084

Trustees fees

4,515

1,762

Custodian expenses

21,665

15,147

Registration fees

30,538

26,463

Professional fees

26,182

20,632

Shareholder reporting expenses

14,518

13,623

Other

3,217

2,704

Total expenses before fee waiver/expense reimbursement

1,512,009

538,326

Fee waiver/expense reimbursement

(255,366)

(2,636)

Net expenses

1,256,643

535,690

Net investment income (loss)

1,322,466

443,326

REALIZED AND UNREALIZED GAIN (LOSS)

Realized gain (loss) from:

Investments

9,602,019

9,591,904

Net realized gain (loss)

9,602,019

9,591,904

Change in unrealized appreciation (depreciation) on:

Investments

13,569,318

1,035,091

Net change in unrealized appreciation (depreciation)

13,569,318

1,035,091

Net realized and unrealized gain (loss)

23,171,337

10,626,995

Net increase (decrease) in net assets from operations

$

24,493,803

$

11,070,321

Statement of Changes in Net Assets

See Notes to Financial Statements

Global Equity Income

International Value

Unaudited

Six Months Ended

12/31/25

Year Ended

6/30/25

Unaudited

Six Months Ended

12/31/25

Year Ended

6/30/25

OPERATIONS

Net investment income (loss)

$

1,407,165

$

2,810,524

$

2,627,410

$

2,740,964

Net realized gain (loss)

7,692,486

10,055,289

1,527,549

(1,668,664)

Net change in unrealized appreciation (depreciation)

6,366,480

11,385,521

77,260,792

22,720,884

Net increase (decrease) in net assets from operations

15,466,131

24,251,334

81,415,751

23,793,184

DISTRIBUTIONS TO SHAREHOLDERS

Dividends:

Class A

(912,047)

(1,788,319)

(2,509)

(442,383)

Class C

(2,823)

(9,023)

—

(5,497)

Class I

(526,629)

(996,128)

(2,941,196)

(2,037,864)

Total distributions

(1,441,499)

(2,793,470)

(2,943,705)

(2,485,744)

FUND SHARE TRANSACTIONS

Subscriptions

3,278,910

4,388,740

1,172,370,271

39,183,861

Reinvestments of distributions

1,365,075

2,640,465

2,937,840

2,398,425

Redemptions

(9,013,728)

(19,035,882)

(82,230,313)

(28,779,268)

Net increase (decrease) from Fund share transactions

(4,369,743)

(12,006,677)

1,093,077,798

12,803,018

Net increase (decrease) in net assets

9,654,889

9,451,187

1,171,549,844

34,110,458

Net assets at the beginning of period

142,586,846

133,135,659

137,973,469

103,863,011

Net assets at the end of period

$

152,241,735

$

142,586,846

$

1,309,523,313

$

137,973,469

See Notes to Financial Statements

Statement of Changes in Net Assets

(continued)

Large Cap Value Opportunities

Multi Cap Value

Unaudited

Six Months Ended

12/31/25

Year Ended

6/30/25

Unaudited

Six Months Ended

12/31/25

Year Ended

6/30/25

OPERATIONS

Net investment income (loss)

$

141,793

$

314,715

$

4,477,364

$

6,819,952

Net realized gain (loss)

892,173

1,752,309

1,114,350

16,636,120

Net change in unrealized appreciation (depreciation)

1,902,538

1,397,508

73,528,116

44,299,003

Net increase (decrease) in net assets from operations

2,936,504

3,464,532

79,119,830

67,755,075

DISTRIBUTIONS TO SHAREHOLDERS

Dividends:

Class A

(679,044)

(562,967)

(1,065,259)

(838,874)

Class C

(144,077)

(90,441)

(112,570)

(35,759)

Class I

(1,083,973)

(778,014)

(14,691,536)

(8,082,180)

Total distributions

(1,907,094)

(1,431,422)

(15,869,365)

(8,956,813)

FUND SHARE TRANSACTIONS

Subscriptions

5,081,807

1,814,812

306,386,165

129,058,573

Reinvestments of distributions

1,800,409

1,367,659

15,679,257

8,819,645

Redemptions

(2,711,710)

(4,303,428)

(17,005,065)

(157,281,164)

Net increase (decrease) from Fund share transactions

4,170,506

(1,120,957)

305,060,357

(19,402,946)

Net increase (decrease) in net assets

5,199,916

912,153

368,310,822

39,395,316

Net assets at the beginning of period

22,535,559

21,623,406

521,544,317

482,149,001

Net assets at the end of period

$

27,735,475

$

22,535,559

$

889,855,139

$

521,544,317

See Notes to Financial Statements

Small Cap Value Opportunities

Small/Mid Cap Value

Unaudited

Six Months Ended

12/31/25

Year Ended

6/30/25

Unaudited

Six Months Ended

12/31/25

Year Ended

6/30/25

OPERATIONS

Net investment income (loss)

$

1,322,466

$

2,021,044

$

443,326

$

851,543

Net realized gain (loss)

9,602,019

29,411,636

9,591,904

15,836,002

Net change in unrealized appreciation (depreciation)

13,569,318

(7,463,284)

1,035,091

(6,243,349)

Net increase (decrease) in net assets from operations

24,493,803

23,969,396

11,070,321

10,444,196

DISTRIBUTIONS TO SHAREHOLDERS

Dividends:

Class A

(2,058,280)

(4,997,460)

(594,921)

(696,792)

Class C

(602,758)

(431,089)

(107,587)

(50,568)

Class R6

(1,343,231)

(1,380,064)

(166,747)

(2,563,053)

Class I

(18,939,519)

(43,085,559)

(5,765,515)

(7,734,130)

Total distributions

(22,943,788)

(49,894,172)

(6,634,770)

(11,044,543)

FUND SHARE TRANSACTIONS

Subscriptions

35,519,347

82,617,058

18,653,319

44,238,033

Reinvestments of distributions

21,515,674

47,655,601

6,583,620

10,992,363

Redemptions

(35,180,072)

(83,293,900)

(18,002,820)

(63,453,885)

Net increase (decrease) from Fund share transactions

21,854,949

46,978,759

7,234,119

(8,223,489)

Net increase (decrease) in net assets

23,404,964

21,053,983

11,669,670

(8,823,836)

Net assets at the beginning of period

236,210,961

215,156,978

91,129,365

99,953,201

Net assets at the end of period

$

259,615,925

$

236,210,961

$

102,799,035

$

91,129,365

Financial Highlights

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income (NII)

(Loss)

(a) Net

Realized/

Unrealized

Gain (Loss)

Total

From

NII

From

Net Realized

Gains

Total

Net Asset

Value,

End of

Period

Global Equity Income

Class

A

12/31/25

(e) $

39.15 $

0.38 $

3.93 $

4.31 $

(0.39)

$

—

$

(0.39)

$

43.07 6/30/25

33.43 0.71 5.74 6.45 (0.73)

—

(0.73)

39.15 6/30/24

29.94 0.76 3.51 4.27 (0.78)

—

(0.78)

33.43 6/30/23

27.43 0.67 3.21 3.88 (1.37)

—

(1.37)

29.94 6/30/22

32.13 0.74 (4.26)

(3.52)

(1.18)

—

(1.18)

27.43 6/30/21

23.44 0.68 8.70 9.38 (0.69)

—

(0.69)

32.13 Class

C

12/31/25

(e) 39.04 0.23 3.90 4.13 (0.23)

—

(0.23)

42.94 6/30/25

33.36 0.39 5.77 6.16 (0.48)

—

(0.48)

39.04 6/30/24

29.89 0.48 3.54 4.02 (0.55)

—

(0.55)

33.36 6/30/23

27.37 0.47 3.20 3.67 (1.15)

—

(1.15)

29.89 6/30/22

32.06 0.44 (4.19)

(3.75)

(0.94)

—

(0.94)

27.37 6/30/21

23.40 0.44 8.70 9.14 (0.48)

—

(0.48)

32.06 Class

I

12/31/25

(e) 39.16 0.43 3.93 4.36 (0.44)

—

(0.44)

43.08 6/30/25

33.43 0.81 5.73 6.54 (0.81)

—

(0.81)

39.16 6/30/24

29.95 0.83 3.51 4.34 (0.86)

—

(0.86)

33.43 6/30/23

27.43 0.73 3.23 3.96 (1.44)

—

(1.44)

29.95 6/30/22

32.14 0.83 (4.28)

(3.45)

(1.26)

—

(1.26)

27.43 6/30/21

23.45 0.75 8.70 9.45 (0.76)

—

(0.76)

32.14 (a) Based on average shares outstanding.

(b) Total returns are at NAV and do not include any sales charge. Total returns are not annualized.

(c) After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Notes to Financial Statements for more information.

(d) Includes voluntary compensation from the Adviser as further described in the Notes to Financial Statements.

(e) Unaudited.

(f) Annualized.

See Notes to Financial Statements

Ratio/Supplemental Data

Ratios to Average Net Assets

Total

Return

(b) Net

Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(c) NII

(Loss)

(c),(d)

Portfolio

Turnover

Rate

.00

%

$

100,408

.18

%

(f) 1

.11

%

(f) 1

.81

%

(f) 18

%

.41

94,747

.24

.11

.01

.40

89,171

.27

.11

.45

.46

86,807

.28

.11

.35

(11

.30)

86,811

.26

.10

.33

.43

105,751

.26

.11

.44

.58

.93

(f) 1

.86

(f) 1

.11

(f) 18

.52

530

.99

.86

.11

.51

1,003

.02

.86

.55

.61

1,879

.03

.86

.62

(11

.95)

1,649

.01

.85

.37

.34

4,660

.01

.86

.64

.13

51,410

.93

(f) 0

.86

(f) 2

.06

(f) 18

.73

47,310

.99

.86

.26

.64

42,961

.02

.86

.67

.79

44,020

.03

.86

.55

(11

.10)

52,423

.01

.85

.61

.76

55,826

.01

.86

.69

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income (NII)

(Loss)

(a) Net

Realized/

Unrealized

Gain (Loss)

Total

From

NII

From

Net Realized

Gains

Total

Net Asset

Value,

End of

Period

International Value

Class

A

12/31/25

(e) $

33.47 $

0.25 $

3.89 $

4.14 $

—

$

—

$

—

$

37.61 6/30/25

27.95 0.63 5.51 6.14 (0.62)

—

(0.62)

33.47 6/30/24

26.11 0.60 1.74 2.34 (0.50)

—

(0.50)

27.95 6/30/23

23.20 0.58 3.45 4.03 (1.12)

—

(1.12)

26.11 6/30/22

27.73 0.60 (4.05)

(3.45)

(1.08)

—

(1.08)

23.20 6/30/21

20.17 0.70 7.34 8.04 (0.48)

—

(0.48)

27.73 Class

C

12/31/25

(e) 31.58 0.11 3.67 3.78 —

—

—

35.36 6/30/25

26.36 0.37 5.23 5.60 (0.38)

—

(0.38)

31.58 6/30/24

24.64 0.36 1.65 2.01 (0.29)

—

(0.29)

26.36 6/30/23

21.89 0.43 3.21 3.64 (0.89)

—

(0.89)

24.64 6/30/22

26.37 0.35 (3.80)

(3.45)

(1.03)

—

(1.03)

21.89 6/30/21

19.20 0.43 7.04 7.47 (0.30)

—

(0.30)

26.37 Class

I

12/31/25

(e) 33.73 0.15 4.07 4.22 (0.09)

—

(0.09)

37.86 6/30/25

28.16 0.74 5.52 6.26 (0.69)

—

(0.69)

33.73 6/30/24

26.31 0.68 1.73 2.41 (0.56)

—

(0.56)

28.16 6/30/23

23.37 0.65 3.48 4.13 (1.19)

—

(1.19)

26.31 6/30/22

27.87 0.64 (4.05)

(3.41)

(1.09)

—

(1.09)

23.37 6/30/21

20.27 0.75 7.38 8.13 (0.53)

—

(0.53)

27.87 (a) Based on average shares outstanding.

(b) Total returns are at NAV and do not include any sales charge. Total returns are not annualized.

(c) After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Notes to Financial Statements for more information.

(d) Includes voluntary compensation from the Adviser as further described in the Notes to Financial Statements.

(e) Unaudited.

(f) Annualized.

See Notes to Financial Statements

Ratio/Supplemental Data

Ratios to Average Net Assets

Total

Return

(b) Net

Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(c) NII

(Loss)

(c),(d)

Portfolio

Turnover

Rate

.41

%

$

26,234

.99

%

(f) 0

.99

%

(f) 1

.38

%

(f) 11

%

.42

23,580

.29

.15

.13

.97

20,976

.31

.15

.24

.00

21,524

.33

.15

.44

(12

.90)

19,329

.33

.14

.26

.20

22,153

.28

.15

.88

.01

.74

(f) 1

.74

(f) 0

.66

(f) 11

.50

.04

.90

.33

.18

.06

.90

.43

.12

.08

.90

.88

(13

.58)

.08

.89

.41

.17

.03

.90

.93

.53

1,282,868

.74

(f) 0

.74

(f) 0

.83

(f) 11

.71

113,985

.04

.90

.46

.25

82,445

.06

.90

.52

.33

76,052

.08

.90

.70

(12

.71)

64,558

.08

.89

.38

.51

99,311

.03

.90

.10

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income (NII)

(Loss)

(a) Net

Realized/

Unrealized

Gain (Loss)

Total

From

NII

From

Net Realized

Gains

Total

Net Asset

Value,

End of

Period

Large Cap Value Opportunities

Class

A

12/31/25

(e) $

5.26 $

0.03 $

0.64 $

0.67 $

(0.06)

$

(0.34)

$

(0.40)

$

5.53 6/30/25

4.79 0.07 0.72 0.79 (0.09)

(0.23)

(0.32)

5.26 6/30/24

4.22 0.06 0.60 0.66 (0.07)

(0.02)

(0.09)

4.79 6/30/23

3.80 0.06 0.54 0.60 (0.03)

(0.15)

(0.18)

4.22 6/30/22

4.84 0.06 (0.22)

(0.16)

(0.05)

(0.83)

(0.88)

3.80 6/30/21

3.96 0.03 1.57 1.60 (0.15)

(0.57)

(0.72)

4.84 Class

C

12/31/25

(e) 3.85 0.01 0.47 0.48 (0.01)

(0.34)

(0.35)

3.98 6/30/25

3.57 0.02 0.53 0.55 (0.04)

(0.23)

(0.27)

3.85 6/30/24

3.15 0.02 0.45 0.47 (0.03)

(0.02)

(0.05)

3.57 6/30/23

2.88 0.02 0.40 0.42 —

(0.15)

(0.15)

3.15 6/30/22

3.88 0.02 (0.15)

(0.13)

(0.04)

(0.83)

(0.87)

2.88 6/30/21

3.28 0.01 1.26 1.27 (0.10)

(0.57)

(0.67)

3.88 Class

I

12/31/25

(e) 5.31 0.04 0.65 0.69 (0.07)

(0.34)

(0.41)

5.59 6/30/25

4.84 0.08 0.72 0.80 (0.10)

(0.23)

(0.33)

5.31 6/30/24

4.27 0.07 0.60 0.67 (0.08)

(0.02)

(0.10)

4.84 6/30/23

3.84 0.07 0.55 0.62 (0.04)

(0.15)

(0.19)

4.27 6/30/22

4.87 0.07 (0.22)

(0.15)

(0.05)

(0.83)

(0.88)

3.84 6/30/21

3.98 0.05 1.57 1.62 (0.16)

(0.57)

(0.73)

4.87 (a) Based on average shares outstanding.

(b) Total returns are at NAV and do not include any sales charge. Total returns are not annualized.

(c) After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Notes to Financial Statements for more information.

(d) Includes voluntary compensation from the Adviser as further described in the Notes to Financial Statements.

(e) Unaudited.

(f) Annualized.

See Notes to Financial Statements

Ratio/Supplemental Data

Ratios to Average Net Assets

Total

Return

(b) Net

Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(c) NII

(Loss)

(c),(d)

Portfolio

Turnover

Rate

.64

%

$

10,258

.45

%

(f) 1

.00

%

(f) 1

.04

%

(f) 13

%

.97

9,028

.60

.00

.33

.77

8,842

.61

.00

.42

.95

7,320

.56

.00

.38

(4

.84)

6,927

.80

.99

.26

.10

5,419

.76

.00

.79

.50

1,773

.20

(f) 1

.75

(f) 0

.28

(f) 13

.87

1,141

.35

.75

.58

.97

1,173

.36

.75

.67

.84

1,163

.31

.75

.62

(5

.24)

951

.55

.74

.47

.65

1,368

.51

.75

.19

.96

15,704

.20

(f) 0

.75

(f) 1

.29

(f) 13

.09

12,367

.35

.75

.58

.87

11,608

.36

.75

.67

.35

11,449

.31

.75

.63

(4

.55)

11,112

.55

.74

.50

.50

13,008

.51

.75

.11

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income

(NII)

(Loss)

(a) Net

Realized/

Unrealized

Gain (Loss)

Total

From

NII

From

Net Realized

Gains

Return

of

Capital

Total

Net Asset

Value,

End of

Period

Multi Cap Value

Class

A

12/31/25

(e) $

56.98 $

0.33 $

6.74 $

7.07 $

(0.14)

$

(0.91)

$

—

$

(1.05)

$

63.00 6/30/25

50.93 0.63 6.31 6.94 (0.71)

(0.18)

—

(0.89)

56.98 6/30/24

44.63 0.60 6.19 6.79 (0.49)

—

—

(0.49)

50.93 6/30/23

37.48 0.43 7.19 7.62 (0.47)

—

—

(0.47)

44.63 6/30/22

41.46 0.26 (3.73)

(3.47)

(0.51)

—

—

(0.51)

37.48 6/30/21

27.13 0.22 15.15 15.37 (0.69)

—

(0.35)

(1.04)

41.46 Class

C

12/31/25

(e) 52.68 0.09 6.21 6.30 —

(0.91)

—

(0.91)

58.07 6/30/25

47.12 0.22 5.82 6.04 (0.30)

(0.18)

—

(0.48)

52.68 6/30/24

41.31 0.24 5.72 5.96 (0.15)

—

—

(0.15)

47.12 6/30/23

34.69 0.11 6.67 6.78 (0.16)

—

—

(0.16)

41.31 6/30/22

38.66 (0.05)

(3.45)

(3.50)

(0.47)

—

—

(0.47)

34.69 6/30/21

25.32 (0.03)

14.14 14.11 (0.42)

—

(0.35)

(0.77)

38.66 Class

I

12/31/25

(e) 57.68 0.41 6.82 7.23 (0.29)

(0.91)

—

(1.20)

63.71 6/30/25

51.54 0.78 6.39 7.17 (0.85)

(0.18)

—

(1.03)

57.68 6/30/24

45.16 0.74 6.25 6.99 (0.61)

—

—

(0.61)

51.54 6/30/23

37.92 0.54 7.28 7.82 (0.58)

—

—

(0.58)

45.16 6/30/22

41.84 0.36 (3.76)

(3.40)

(0.52)

—

—

(0.52)

37.92 6/30/21

27.37 0.30 15.30 15.60 (0.78)

—

(0.35)

(1.13)

41.84 (a) Based on average shares outstanding.

(b) Total returns are at NAV and do not include any sales charge. Total returns are not annualized.

(c) After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Notes to Financial Statements for more information.

(d) Includes voluntary compensation from the Adviser as further described in the Notes to Financial Statements.

(e) Unaudited.

(f) Annualized.

See Notes to Financial Statements

Ratio/Supplemental Data

Ratios to Average Net Assets

Total

Return

(b) Net

Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(c) NII

(Loss)

(c),(d)

Portfolio

Turnover

Rate

.40

%

$

66,501

.07

%

(f) 1

.07

%

(f) 1

.07

%

(f) 12

%

.69

55,239

.22

.15

.17

.32

49,371

.17

.16

.28

.46

44,442

.28

.23

.04

(8

.49)

40,006

.35

.25

.62

.70

43,489

.29

.15

.64

.95

7,565

.82

(f) 1

.82

(f) 0

.32

(f) 12

.84

5,849

.97

.90

.44

.47

3,022

.92

.91

.56

.58

1,287

.03

.98

.30

(9

.17)

1,168

.10

.00

(0

.13)

.54

1,347

.04

.90

(0

.09)

.52

815,789

.82

(f) 0

.82

(f) 1

.32

(f) 12

.98

460,456

.97

.90

.41

.60

429,756

.92

.91

.54

.78

74,697

.03

.98

.29

(8

.26)

38,624

.10

.00

.87

.09

37,441

.04

.90

.88

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income (NII)

(Loss)

(a) Net

Realized/

Unrealized

Gain (Loss)

Total

From

NII

From

Net Realized

Gains

Total

Net Asset

Value,

End of

Period

Small Cap Value Opportunities

Class

A

12/31/25

(e) $

47.23 $

0.20 $

4.55 $

4.75 $

(0.22)

$

(4.23)

$

(4.45)

$

47.53 6/30/25

53.74 0.35 5.93 6.28 (0.46)

(12.33)

(12.79)

47.23 6/30/24

45.69 0.23 8.14 8.37 (0.20)

(0.12)

(0.32)

53.74 6/30/23

41.31 0.20 6.94 7.14 —

(2.76)

(2.76)

45.69 6/30/22

55.06 0.10 (8.11)

(8.01)

(0.08)

(5.66)

(5.74)

41.31 6/30/21

33.98 (0.02)

21.36 21.34 (0.26)

—

(0.26)

55.06 Class

C

12/31/25

(e) 37.13 0.03 3.57 3.60 —

(4.23)

(4.23)

36.50 6/30/25

44.46 (0.01)

5.05 5.04 (0.04)

(12.33)

(12.37)

37.13 6/30/24

37.95 (0.11)

6.74 6.63 —

(0.12)

(0.12)

44.46 6/30/23

34.99 (0.11)

5.83 5.72 —

(2.76)

(2.76)

37.95 6/30/22

47.84 (0.25)

(6.87)

(7.12)

(0.07)

(5.66)

(5.73)

34.99 6/30/21

29.57 (0.31)

18.58 18.27 —

—

—

47.84 Class

R6

12/31/25

(e) 51.02 0.37 4.91 5.28 (0.44)

(4.23)

(4.67)

51.63 6/30/25

57.22 0.59 6.26 6.85 (0.72)

(12.33)

(13.05)

51.02 6/30/24

48.62 0.44 8.68 9.12 (0.40)

(0.12)

(0.52)

57.22 6/30/23

43.77 0.38 7.37 7.75 (0.14)

(2.76)

(2.90)

48.62 6/30/22

57.78 0.31 (8.57)

(8.26)

(0.09)

(5.66)

(5.75)

43.77 6/30/21

35.66 0.17 22.41 22.58 (0.46)

—

(0.46)

57.78 Class

I

12/31/25

(e) 50.03 0.28 4.82 5.10 (0.36)

(4.23)

(4.59)

50.54 6/30/25

56.31 0.50 6.18 6.68 (0.63)

(12.33)

(12.96)

50.03 6/30/24

47.85 0.37 8.54 8.91 (0.33)

(0.12)

(0.45)

56.31 6/30/23

43.12 0.32 7.25 7.57 (0.08)

(2.76)

(2.84)

47.85 6/30/22

57.08 0.22 (8.43)

(8.21)

(0.09)

(5.66)

(5.75)

43.12 6/30/21

35.21 0.08 22.15 22.23 (0.36)

—

(0.36)

57.08 (a) Based on average shares outstanding.

(b) Total returns are at NAV and do not include any sales charge. Total returns are not annualized.

(c) After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Notes to Financial Statements for more information.

(d) Includes voluntary compensation from the Adviser as further described in the Notes to Financial Statements.

(e) Unaudited.

(f) Annualized.

See Notes to Financial Statements

Ratio/Supplemental Data

Ratios to Average Net Assets

Total

Return

(b) Net

Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(c) NII

(Loss)

(c),(d)

Portfolio

Turnover

Rate

9.94 %

$

22,360

1.40 %

(f) 1.20 %

(f) 0.78 %

(f) 37

%

9.85 22,750

1.30 1.20 0.66 96

18.36 22,385

1.35 1.20 0.46 71

17.62 20,932

1.31 1.20 0.44 71

(16.01)

19,467

1.33 1.19 0.20 58

63.00 27,091

1.37 1.36 (0.04)

9.55 5,999

2.15 (f) 1.95 (f) 0.17 (f) 37

9.03 2,416

2.05 1.95 (0.03)

17.49 1,643

2.10 1.95 (0.28)

16.71 2,447

2.06 1.95 (0.29)

(16.61)

3,933

2.08 1.94 (0.57)

61.79 8,429

2.12 2.11 (0.80)

10.24 16,369

0.89 (f) 0.69 (f) 1.37 (f) 37

10.28 7,232

0.91 0.81 1.06 96

18.83 5,970

0.96 0.81 0.85 71

18.06 5,879

0.93 0.82 0.81 71

(15.68)

4,893

0.94 0.80 0.59 58

63.67 6,160

0.95 0.94 0.36 86

10.09 214,888

1.15 (f) 0.95 (f) 1.05 (f) 37

10.13 203,813

1.05 0.95 0.91 96

18.68 185,160

1.10 0.95 0.72 71

17.88 168,888

1.06 0.95 0.69 71

(15.79)

145,461

1.08 0.94 0.42 58

63.42 263,394

1.11 1.10 0.16 86

Financial Highlights

(continued)

The following data is for a share outstanding for each fiscal year end unless otherwise noted:

Investment Operations

Less Distributions

Net Asset

Value,

Beginning

of Period

Net

Investment

Income (NII)

(Loss)

(a) Net

Realized/

Unrealized

Gain (Loss)

Total

From

NII

From

Net Realized

Gains

Total

Net Asset

Value,

End of

Period

Small/Mid Cap Value

Class

A

12/31/25

(e) $

31.84 $

0.12 $

3.78 $

3.90 $

(0.16)

$

(2.14)

$

(2.30)

$

33.44 6/30/25

32.28 0.19 2.92 3.11 (0.38)

(3.17)

(3.55)

31.84 6/30/24

27.67 0.21 4.53 4.74 (0.07)

(0.06)

(0.13)

32.28 6/30/23

24.60 0.14 4.32 4.46 —

(1.39)

(1.39)

27.67 6/30/22

32.13 0.03 (2.89)

(2.86)

(0.11)

(4.56)

(4.67)

24.60 6/30/21

20.05 0.01 12.13 12.14 (0.06)

—

(0.06)

32.13 Class

C

12/31/25

(e) 25.17 (—)

(h) 2.98 2.98 —

(2.14)

(2.14)

26.01 6/30/25

26.10 (0.04)

2.39 2.35 (0.11)

(3.17)

(3.28)

25.17 6/30/24

22.50 (0.02)

3.68 3.66 —

(0.06)

(0.06)

26.10 6/30/23

20.38 (0.04)

3.55 3.51 —

(1.39)

(1.39)

22.50 6/30/22

27.57 (0.17)

(2.37)

(2.54)

(0.09)

(4.56)

(4.65)

20.38 6/30/21

17.29 (0.14)

10.42 10.28 —

—

—

27.57 Class

R6

12/31/25

(e) 33.38 0.19 3.97 4.16 (0.31)

(2.14)

(2.45)

35.09 6/30/25

33.71 0.39 3.00 3.39 (0.55)

(3.17)

(3.72)

33.38 6/30/24

28.87 0.35 4.75 5.10 (0.20)

(0.06)

(0.26)

33.71 6/30/23

25.54 0.24 4.50 4.74 (0.02)

(1.39)

(1.41)

28.87 6/30/22

33.06 0.16 (3.01)

(2.85)

(0.11)

(4.56)

(4.67)

25.54 6/30/21

20.64 0.10 12.49 12.59 (0.17)

—

(0.17)

33.06 Class

I

12/31/25

(e) 33.02 0.17 3.92 4.09 (0.25)

(2.14)

(2.39)

34.72 6/30/25

33.37 0.28 3.02 3.30 (0.48)

(3.17)

(3.65)

33.02 6/30/24

28.60 0.29 4.69 4.98 (0.15)

(0.06)

(0.21)

33.37 6/30/23

25.32 0.23 4.44 4.67 —

(1.39)

(1.39)

28.60 6/30/22

32.86 0.10 (2.97)

(2.87)

(0.11)

(4.56)

(4.67)

25.32 6/30/21

20.49 0.07 12.42 12.49 (0.12)

—

(0.12)

32.86 (a) Based on average shares outstanding.

(b) Total returns are at NAV and do not include any sales charge. Total returns are not annualized.

(c) After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Notes to Financial Statements for more information.

(d) Includes voluntary compensation from the Adviser as further described in the Notes to Financial Statements.

(e) Unaudited.

(f) Annualized.

(g) Does not include in-kind transactions.

(h) Value rounded to zero.

See Notes to Financial Statements

Ratio/Supplemental Data

Ratios to Average Net Assets

Total

Return

(b) Net

Assets,

End of

Period (000)

Gross

Expenses

Net

Expenses

(c) NII

(Loss)

(c),(d)

Portfolio

Turnover

Rate

12.16 %

$

9,660

1.32 %

(f) 1.31 %

(f) 0.70 %

(f) 45

%

9.17 7,886

1.35 1.31 0.60 64

(g) 17.21 4,710

1.42 1.31 0.70 81

18.50 3,627

1.41 1.31 0.53 39

(10.81)

3,003

1.61 1.30 0.10 42

60.64 3,321

1.64 1.31 0.06 57

11.72 1,468

2.07 (f) 2.06 (f) (0.01)

(f) 45

8.38 828

2.10 2.06 (0.16)

(g) 16.31 386

2.17 2.06 (0.07)

17.65 426

2.16 2.06 (0.20)

(11.48)

2.36 2.05 (0.67)

59.46 538

2.39 2.06 (0.65)

12.37 2,513

0.93 (f) 0.92 (f) 1.08 (f) 45

9.64 2,038

0.94 0.90 1.07 64

(g) 17.75 21,258

0.97 0.86 1.15 81

18.92 18,080

1.06 0.96 0.88 39

(10.44)

16,015

1.19 0.88 0.53 42

61.19 19,155

1.28 0.95 0.37 57

12.30 89,158

1.07 (f) 1.06 (f) 0.93 (f) 45

9.45 80,377

1.10 1.06 0.84 64

(g) 17.48 73,600

1.17 1.06 0.96 81

18.82 63,397

1.16 1.06 0.83 39

(10.57)

15,577

1.36 1.05 0.34 42

61.03 23,554

1.39 1.06 0.26 57

Notes to Financial Statements

(Unaudited)

1. General Information

Trust and Fund Information:

The Nuveen Investment Trust and Nuveen Investment Trust II (each a "Trust" and collectively, the "Trusts"), are

open-end management investment companies registered under the Investment Company Act of 1940 (the "1940 Act"), as amended. Nuveen

Investment Trust is comprised of the Nuveen Global Equity Income Fund ("Global Equity Income"), Nuveen Large Cap Value Opportunities Fund

("Large Cap Value Opportunities"), Nuveen Multi Cap Value Fund ("Multi Cap Value"), Nuveen Small Cap Value Opportunities Fund ("Small Cap

Value Opportunities") and Nuveen Small/Mid Cap Value Fund ("Small/Mid Cap Value") and Nuveen Investment Trust II is comprised of Nuveen

International Value Fund ("International Value"), among others (each a "Fund" and collectively, the "Funds"). Nuveen Investment Trust and Nuveen

Investment Trust II were each organized as Massachusetts business trusts in 1996 and 1997, respectively.

Current Fiscal Period

: The end of the reporting period for the Funds is December 31, 2025, and the period covered by these Notes to Financial

Statements is the six months ended December 31, 2025 (the "current fiscal period").

Investment Adviser and Sub-Adviser:

The Funds' investment adviser is Nuveen Fund Advisors, LLC (the "Adviser"), a subsidiary of Nuveen, LLC

("Nuveen"). Nuveen is the investment management arm of Teachers Insurance and Annuity Association of America (TIAA). The Adviser has overall

responsibility for management of the Funds, oversees the management of the Funds' portfolios, manages the Funds' business affairs and provides

certain clerical, bookkeeping and other administrative services, and, if necessary, asset allocation decisions. The Adviser has entered into sub-

advisory agreements with Nuveen Asset Management, LLC (the "Sub-Adviser"), a subsidiary of the Adviser, under which the Sub-Adviser manages

the investment portfolios of the Funds.

Share Classes and Sales Charges

: Class A Shares are generally sold with an up-front sales charge. Class A Share purchases of $1 million or more

are sold at net asset value ("NAV") without an up-front sales charge but may be subject to a contingent deferred sales charge ("CDSC") of 1% if

redeemed within eighteen months of purchase. Class C Shares are sold without an up-front sales charge. Class C Shares are subject to a CDSC of 1%

if redeemed within twelve months of purchase. Class C Shares automatically convert to Class A Shares eight years after purchase. Class R6 Shares

and Class I Shares are sold without an upfront sales charge.

2. Significant Accounting Policies

The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United States of America

("U.S. GAAP"), which may require the use of estimates made by management and the evaluation of subsequent events. Actual results may differ

from those estimates. The Funds are investment companies and follow the accounting guidance in the Financial Accounting Standards Board

("FASB") Accounting Standards Codification 946, Financial Services — Investment Companies. The NAV for financial reporting purposes may differ

from the NAV for processing security and common share transactions. The NAV for financial reporting purposes includes security and common share

transactions through the date of the report. Total return is computed based on the NAV used for processing security and common share transactions.

The following is a summary of the significant accounting policies consistently followed by the Funds.

Compensation:

Neither Trust pays compensation directly to those of its officers, all of whom receive remuneration for their services to each Trust

from the Adviser or its affiliates. The Funds' Board of Trustees (the "Board") has adopted a deferred compensation plan for independent trustees

that enables trustees to elect to defer receipt of all or a portion of the annual compensation they are entitled to receive from certain Nuveen-advised

funds. Under the plan, deferred amounts are treated as though equal dollar amounts had been invested in shares of select Nuveen-advised funds.

Distributions to Shareholders:

Distributions to shareholders are recorded on the ex-dividend date. The amount, character and timing of

distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.

Foreign Currency Transactions and Translation:

The books and records of the Funds are maintained in U.S. dollars. Assets, including investments,

and liabilities denominated in foreign currencies are translated into U.S. dollars at the end of each day. Purchases and sales of securities, income and

expenses are translated into U.S. dollars at the prevailing exchange rate on the respective dates of the transactions.

Some markets in which the Funds invest impose capital controls, repatriation limits and/or transaction fees, for example, on the amount of foreign

currency that may be converted to U.S. dollars. These restrictions, in some markets where foreign exchange restrictions are imposed, may be

reflected in non-deliverable forward rates (NDF), or prevailing "offshore" rates that apply to non-local investors. Accordingly, the Fund may apply

NDF rates, or another alternative exchange rate believed by the Adviser to be more reflective of the rates at which the Funds may transact, where

applicable, to convert the value of non-U.S. dollar denominated securities to U.S. dollars. The U.S. dollar market value of such securities held in

markets where NDF rates exist may be lower than the U.S. dollar market value of securities using prevailing local or "onshore" foreign currency

exchange rates.

Net realized foreign currency gains and losses resulting from changes in exchange rates associated with (i) foreign currency, (ii) investments and (iii)

derivatives include foreign currency gains and losses between trade date and settlement date of the transactions, foreign currency transactions, and

the difference between the amounts of interest and dividends recorded on the books of the Funds and the amounts actually received are recognized

as a component of "Net realized gain (loss) from foreign currency transactions" on the Statement of Operations, when applicable.

The unrealized gains and losses resulting from changes in foreign currency exchange rates and changes in foreign exchange rates associated with

(i) investments and (ii) other assets and liabilities are recognized as a component of "Change in unrealized appreciation (depreciation) on foreign

currency translations" on the Statement of Operations, when applicable. The unrealized gains and losses resulting from changes in foreign exchange

rates associated with investments in derivatives are recognized as a component of the respective derivative's related "Change in unrealized

appreciation (depreciation)" on the Statement of Operations, when applicable.

Foreign Taxes:

The Funds may be subject to foreign taxes on income, gains on investments or foreign currency repatriation, a portion of which may

be recoverable. The Funds will accrue such taxes and recoveries as applicable, based upon the current interpretation of tax rules and regulations that

exist in the markets in which the Funds invest.

Indemnifications:

Under each Trust's organizational documents, its officers and trustees are indemnified against certain liabilities arising out of

the performance of their duties to each Trust. In addition, in the normal course of business, each Trust enters into contracts that provide general

indemnifications to other parties. Each Trust's maximum exposure under these arrangements is unknown as this would involve future claims that

may be made against each Trust that have not yet occurred. However, each Trust has not had prior claims or losses pursuant to these contracts and

expects the risk of loss to be remote.

Investments and Investment Income:

Securities transactions are accounted for as of the trade date for financial reporting purposes. Realized gains

and losses on securities transactions are based upon the specific identification method. Dividend income is recorded on the ex-dividend date or,

for certain foreign securities, when information is available. Non-cash dividends received in the form of stock, if any, are recognized on the ex-

dividend date and recorded at fair value. Interest income is recorded on an accrual basis. Securities lending income is comprised of fees earned from

borrowers and income earned on cash collateral investments.

Multiclass Operations and Allocations:

Income and expenses of the Funds that are not directly attributable to a specific class of shares are prorated

among the classes based on the relative net assets of each class. Expenses directly attributable to a class of shares are recorded to the specific class.

12b-1 distribution and service fees are allocated on a class-specific basis.

Sub-transfer agent fees and similar fees, which are recognized as a component of "Shareholder servicing agent fees" on the Statement of

Operations, are not charged to Class R6 Shares and are prorated among the other classes based on their relative net assets.

Realized and unrealized capital gains and losses of the Funds are prorated among the classes based on the relative net assets of each class.

Netting Agreements:

In the ordinary course of business, the Funds may enter into transactions subject to enforceable master repurchase

agreements, International Swaps and Derivatives Association, Inc. (ISDA) master agreements or other similar arrangements ("netting agreements").

Generally, the right to offset in netting agreements allows each Fund to offset certain securities and derivatives with a specific counterparty, when

applicable, as well as any collateral received or delivered to that counterparty based on the terms of the agreements. Generally, each Fund manages

its cash collateral and securities collateral on a counterparty basis. With respect to certain counterparties, in accordance with the terms of the netting

agreements, collateral posted to the Funds is held in a segregated account by the Funds' custodian and/or with respect to those amounts which can

be sold or repledged, are presented in the Funds' Portfolio of Investments or Statement of Assets and Liabilities.

The Funds' investments subject to netting agreements as of the end of the current fiscal period, if any, are further described later in these Notes to

Financial Statements.

Segment Reporting:

Each Fund represents a single operating segment. The officers of the Funds act as the chief operating decision maker

("CODM"). The CODM monitors the operating results of each Fund as a whole and is responsible for each Fund's long-term strategic asset allocation

in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the Fund's portfolio managers as a

team. The financial information in the form of the Fund's portfolio composition, total returns, expense ratios and changes in net assets (i.e., changes

in net assets resulting from operations, subscriptions and redemptions), which are used by the CODM to assess the segment's performance versus

the Fund's comparative benchmarks and to make resource allocation decisions for the Fund's single segment, is consistent with that presented within

the Fund's financial statements. Segment assets are reflected on the Statement of Assets and Liabilities as "total assets" and significant segment

revenues and expenses are listed on the Statement of Operations.

New Accounting Pronouncement (ASU No. 2023-09)

: In December 2023, the FASB issued Accounting Standard Update ("ASU") No. 2023-09,

Income Taxes (Topic 740) Improvements to Income tax disclosures ("ASU 2023-09"). The primary purpose of the amendments within ASU 2023-09

is to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation table and income taxes

paid information. The amendments in ASU 2023-09 are effective for annual periods beginning after December 15, 2024. During the current fiscal

period, the Funds adopted the new guidance. Management is currently evaluating the implications of these changes on the financial statements.

New Accounting Pronouncement (ASU No. 2025-11)

: In December 2025, the FASB issued ASU No. 2025-11, Interim Reporting (Topic 270) Narrow

Scope Improvements ("ASU 2025-11"). The amendments in ASU 2025-11 provide a comprehensive list of interim disclosures that are required

by U.S. GAAP. ASU 2025-11 also includes a disclosure principle that requires entities to disclose events since the end of the last annual reporting

period that have a material impact on the entity. The amendments in ASU 2025-11 are effective for interim reporting periods within annual reporting

periods beginning after December 15, 2027. Early adoption is permitted for all entities. Management is currently evaluating the implications of these

changes on the financial statements.

Notes to Financial Statements

(continued)

3. Investment Valuation and Fair Value Measurements

The Funds' investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Adviser, subject to

oversight of the Board. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly

transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy

which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value

measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability.

Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's

assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best

information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

A description of the valuation techniques applied to the Funds' major classifications of assets and liabilities measured at fair value follows:

Equity securities and exchange-traded funds listed or traded on a national market or exchange are valued based on their last reported sales price

or official closing price of such market or exchange on the valuation date. Foreign equity securities and registered investment companies that trade

on a foreign exchange are valued at the last reported sales price or official closing price on the principal exchange where traded, and converted to

U.S. dollars at the prevailing rates of exchange on the valuation date. For events affecting the value of foreign securities between the time when

the exchange on which they are traded closes and the time when the Funds' net assets are calculated, such securities will be valued at fair value in

accordance with procedures adopted by the Adviser, subject to the oversight of the Board. To the extent these securities are actively traded and no

valuation adjustments are applied, they are generally classified as Level 1. When valuation adjustments are applied to the most recent last sales price

or official closing price, these securities are generally classified as Level 2.

Prices of certain American Depositary Receipts ("ADR") held by the Funds that trade in the United States are valued based on the last traded price,

official closing price, or an evaluated price provided by the pricing services and are generally classified as Level 1 or 2.

Structured notes are valued based upon a price supplied by a pricing service and are generally classified as Level 2.

Repurchase agreements are valued at contract amount plus accrued interest, which approximates market value. These securities are generally

classified as Level 2.

Investments in investment companies are valued at their respective NAVs or share price on the valuation date and are generally classified as Level 1.

Purchased and written options traded and listed on a national market or exchange are valued at the mean of the closing bid and asked prices and

are generally classified as Level 1.

Over-the-counter ("OTC") options are marked-to-market daily based upon a price supplied by a pricing service. OTC options are generally classified

as Level 2.

For any portfolio security or derivative for which market quotations are not readily available or for which the Adviser deems the valuations derived

using the valuation procedures described above not to reflect fair value, the Adviser will determine a fair value in good faith using alternative

procedures approved by the Adviser, subject to the oversight of the Board. As a general principle, the fair value of a security is the amount that

the owner might reasonably expect to receive for it in a current sale. A variety of factors may be considered in determining the fair value of such

securities, which may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity

and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions

and other information and analysis, including the obligor's credit characteristics considered relevant. To the extent the inputs are observable and

timely, the values would be classified as Level 2; otherwise they would be classified as Level 3.

The following table summarizes the market value of the Funds' investments as of the end of the current fiscal period, based on the inputs used to

value them:

Global Equity Income

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Common Stocks

$

70,583,219

$

73,066,962

$

–

$

143,650,181

Convertible Preferred Securities

2,361,852

–

–

2,361,852

Structured Notes

–

3,823,803

–

3,823,803

Investments Purchased with Collateral from Securities

Lending

510,963

–

–

510,963

Total

$

73,456,034

$

76,890,765

$

–

$

150,346,799

4. Portfolio Securities

Repurchase Agreements:

In connection with transactions in repurchase agreements, it is each Fund's policy that its custodian take possession of the

underlying collateral securities, the fair value of which exceeds the principal amount of the repurchase transaction, including accrued interest, at all

times. If the counterparty defaults, and the fair value of the collateral declines, realization of the collateral may be delayed or limited.

The following table presents the repurchase agreements for the Funds that are subject to netting agreements as of the end of the current fiscal

period, and the collateral delivered related to those repurchase agreements.

International Value

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Common Stocks

$

161,929,018

$

1,134,898,545

$

–

$

1,296,827,563

Investments Purchased with Collateral from Securities

Lending

3,992,455

–

–

3,992,455

Short-Term Investments:

Repurchase Agreements

–

22,489,955

–

22,489,955

Total

$

165,921,473

$

1,157,388,500

$

–

$

1,323,309,973

Large Cap Value Opportunities

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Common Stocks

$

26,431,475

$

–

$

–

$

26,431,475

Investments Purchased with Collateral from Securities

Lending

404,577

–

–

404,577

Short-Term Investments:

Repurchase Agreements

–

1,175,000

–

1,175,000

Total

$

26,836,052

$

1,175,000

$

–

$

28,011,052

Multi Cap Value

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Common Stocks

$

843,833,538

$

–

$

–

$

843,833,538

Investments Purchased with Collateral from Securities

Lending

5,244,448

–

–

5,244,448

Short-Term Investments:

Repurchase Agreements

–

45,508,693

–

45,508,693

Total

$

849,077,986

$

45,508,693

$

–

$

894,586,679

Small Cap Value Opportunities

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Common Stocks

$

255,419,356

$

–

$

–

$

255,419,356

Investments Purchased with Collateral from Securities

Lending

441,325

–

–

441,325

Short-Term Investments:

Repurchase Agreements

–

4,048,940

–

4,048,940

Total

$

255,860,681

$

4,048,940

$

–

$

259,909,621

Small/Mid Cap Value

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Common Stocks

$

96,685,938

$

–

$

–

$

96,685,938

Short-Term Investments:

Repurchase Agreements

–

5,804,715

–

5,804,715

Total

$

96,685,938

$

5,804,715

$

–

$

102,490,653

Fund

Counterparty

Short-term

Investments,

at Value

Collateral

Pledged (From)

Counterparty

International Value

Fixed Income Clearing Corporation

$

22,489,955

$

(22,939,942)

Large Cap Value Opportunities

Fixed Income Clearing Corporation

1,175,000

(1,198,661)

Multi Cap Value

Fixed Income Clearing Corporation

45,508,693

(46,419,092)

Small Cap Value Opportunities

Fixed Income Clearing Corporation

4,048,940

(4,130,276)

Small/Mid Cap Value

Fixed Income Clearing Corporation

5,804,715

(5,921,169)

Notes to Financial Statements

(continued)

Securities Lending:

Each Fund may lend securities representing up to one-third of the value of its total assets to broker-dealers, banks, and other

institutions in order to generate additional income. When loaning securities, the Fund retains the benefits of owning the securities, including the

economic equivalent of dividends or interest generated by the security. The loans are continuous, can be recalled at any time, and have no set

maturity. The Funds' custodian, State Street Bank and Trust Company, serves as the securities lending agent (the "Agent").

When a Fund loans its portfolio securities, it will receive, at the inception of each loan, cash collateral equal to an amount not less than 100% of the

market value of the loaned securities. The actual percentage of the cash collateral will vary depending upon the asset type of the loaned securities.

Collateral for the loaned securities is invested in a government money market vehicle maintained by the Agent, which is subject to the requirements

of Rule 2a-7 under the 1940 Act. The value of the loaned securities and the liability to return the cash collateral received are recognized on the

Statement of Assets and Liabilities. If the market value of the loaned securities increases, the borrower must furnish additional collateral to the Fund,

which is also recognized on the Statement of Assets and Liabilities. The market value of securities loaned is determined at the close of business of

the Funds and any additional required collateral is delivered to the Funds on the next business day. Securities out on loan are subject to termination

at any time at the option of the borrower or the Fund. Upon termination, the borrower is required to return to the Fund securities identical to the

securities loaned. During the term of the loan, the Fund bears the market risk with respect to the investment of collateral and the risk that the Agent

may default on its contractual obligations to the Fund. The Agent bears the risk that the borrower may default on its obligation to return the loaned

securities as the Agent is contractually obligated to indemnify the Fund if at the time of a default by a borrower some or all of the loan securities

have not been returned.

Securities lending income recognized by a Fund consists of earnings on invested collateral and lending fees, net of any rebates to the borrower and

compensation to the Agent. Such income is recognized on the Statement of Operations.

As of the end of the current fiscal period, the total value of the loaned securities and the total value of collateral received were as follows:

Purchases and Sales:

Long-term purchases and sales during the current fiscal period were as follows:

The Funds may purchase securities on a when-issued or delayed-delivery basis. Securities purchased on a when-issued or delayed-delivery basis may

have extended settlement periods; interest income is not accrued until settlement date. Any securities so purchased are subject to market fluctuation

during this period. If a Fund has outstanding when-issued/delayed-delivery purchases commitments as of the end of the current fiscal period, such

amounts are recognized on the Statement of Assets and Liabilities.

5. Derivative Investments

Each Fund is authorized to invest in certain derivative instruments. As defined by U.S. GAAP, a derivative is a financial instrument whose value is

derived from an underlying security price, foreign exchange rate, interest rate, index of prices or rates, or other variables. Investments in derivatives

as of the end of and/or during the current fiscal period, if any, are included within the Statement of Assets and Liabilities and the Statement of

Operations, respectively.

Option Transactions:

During the current fiscal period, Global Equity Income wrote call options to manage risk and hedge against adverse movement

in a security held in the portfolio.

Aggregate Value of

Securities on Loan

Fund

Equity

Securities

Cash Collateral

Received\*

Global Equity Income

$483,848

$510,963

International Value

3,887,146

3,992,455

Large Cap Value Opportunities

388,982

404,577

Multi Cap Value

5,042,413

5,244,448

Small Cap Value Opportunities

423,600

441,325

\*May include cash and investment of cash collateral.

Fund

Non-U.S.

Government

Purchases

Non-U.S.

Government

Sales

Global Equity Income

$

26,237,053

$

28,123,751

International Value

1,152,571,345

69,326,810

Large Cap Value Opportunities

4,560,137

3,247,527

Multi Cap Value

358,192,323

78,331,593

Small Cap Value Opportunities

95,581,208

91,196,990

Small/Mid Cap Value\*

42,185,077

42,686,945

The Funds may purchase (buy) or write (sell) put and call options on specific securities (including groups or "baskets" of specific securities), interest

rates, stock indices and/or bond indices (each a "financial instrument"). Options can be settled either directly with the counterparty (over the

counter) or through a central clearing house (exchange traded). Call and put options give the holder the right, in return for a premium paid, to

purchase or sell, respectively, a financial instrument at a specified exercise price at any time during the period of the option.

When a Fund purchases an option, an amount equal to the premium paid (the premium plus commission) is recognized as an asset on the Statement

of Asset and Liabilities. When a Fund writes an option, an amount equal to the net premium received (the premium less commission) is recognized

as a liability on the Statement of Assets and Liabilities and is subsequently adjusted to reflect the current value of the written option until the option

is exercised or expires or the Fund enters into a closing purchase transaction. The changes in the value of options purchased and/or written during

the fiscal period are recognized as in unrealized appreciation (depreciation) on the Statement of Operations. When an option expires, the premiums

received or paid are recognized as realized gains or losses on the Statement of Operations. When an option is exercised or a closing purchase

transaction is entered into, the difference between the premium and the amount received or paid in a closing transaction is recognized as a realized

gain or loss on the Statement of Operations.

The market risk associated with purchasing options is limited to the premium paid. The Fund, as writer of an option, has no control over whether

the underlying instrument may be sold (called) or purchased (put) and as a result bears the risk of an unfavorable change in the market value of the

instrument underlying the written option. There is also the risk the Fund may not be able to enter into a closing transaction because of an illiquid

market.

t

The average notional amount of outstanding options written during the current fiscal period, was as follows:

During the current fiscal period, the effect of derivative contracts on the Funds' Statement of Operations was as follows:

Market and Counterparty Credit Risk:

In the normal course of business each Fund may invest in financial instruments and enter into financial

transactions where risk of potential loss exists due to changes in the market (market risk) or failure of the other party to the transaction to perform

(counterparty credit risk). The potential loss could exceed the value of the financial assets recorded on the financial statements. Financial assets,

which potentially expose each Fund to counterparty credit risk, consist principally of cash due from counterparties on forward, option and swap

transactions, when applicable. The extent of each Fund's exposure to counterparty credit risk in respect to these financial assets approximates their

carrying value as recorded on the Statement of Assets and Liabilities.

Each Fund helps manage counterparty credit risk by entering into agreements only with counterparties the Adviser believes have the financial

resources to honor their obligations and by having the Adviser monitor the financial stability of the counterparties. Additionally, counterparties may

be required to pledge collateral daily (based on the daily valuation of the financial asset) on behalf of each Fund with a value approximately equal

to the amount of any unrealized gain above a pre-determined threshold. Reciprocally, when each Fund has an unrealized loss, the Funds have

instructed the custodian to pledge assets of the Funds as collateral with a value approximately equal to the amount of the unrealized loss above a

pre-determined threshold. Collateral pledges are monitored and subsequently adjusted if and when the valuations fluctuate, either up or down, by

at least the pre-determined threshold amount.

Fund

Average Notional Amount of Written

Options Contracts Outstanding

\*

Global Equity Income

$

974,167

\*

The average notional amount is calculated based on the absolute aggregate notional amount of contracts outstanding at the beginning of

the current fiscal period and at the end of each fiscal quarter within the current fiscal period.

Derivative Instrument

Risk Exposure

Net Realized Gain

(Loss)

Change in

Unrealized

Appreciation

(Depreciation)

Global Equity Income

Written options

Equity

$

98,173

$

(17,955)

Notes to Financial Statements

(continued)

6. Fund Shares

Transactions in Fund shares during the current and prior fiscal period were as follows:

Six Months Ended

12/31/25

Year Ended

6/30/25

Global Equity Income

Shares

Value

Shares

Value

Subscriptions:

Class A

27,794

$1,155,277

38,544

$1,381,281

Class A - automatic conversion of Class C

4,217

2,951

Class C

1,418

57,988

1,675

61,600

Class I

50,362

2,061,428

82,857

2,942,908

Total subscriptions

79,682

3,278,910

123,160

4,388,740

Reinvestments of distributions:

Class A

20,134

849,272

44,713

1,662,842

Class C

2,664

8,699

Class I

12,156

513,139

26,109

968,924

Total reinvestments of distributions

32,354

1,365,075

71,057

2,640,465

Redemptions:

Class A

(136,464)

(5,613,527)

(331,129)

(11,792,532)

Class C

(5,073)

(209,123)

(18,328)

(650,867)

Class C - automatic conversion to Class A

(108) (4,217)

(84) (2,951)

Class I

(77,176)

(3,186,861)

(185,950)

(6,589,532)

Total redemptions

(218,821)

(9,013,728)

(535,491)

(19,035,882)

Net increase (decrease)

(106,785)

$(4,369,743)

(341,274)

$(12,006,677)

Six Months Ended

12/31/25

Year Ended

6/30/25

International Value

Shares

Value

Shares

Value

Subscriptions:

Class A

60,945

$2,118,258

148,130

$4,549,006

Class C

1,257

42,807

2,079

58,378

Class I

32,604,735

1,170,209,206

1,141,776

34,576,477

Total subscriptions

32,666,937

1,172,370,271

1,291,985

39,183,861

Reinvestments of distributions:

Class A

2,271

14,696

406,926

Class C

—

—

5,498

Class I

77,293

2,935,569

71,234

1,986,001

Total reinvestments of distributions

77,353

2,937,840

86,140

2,398,425

Redemptions:

Class A

(68,073)

(2,385,735)

(208,806)

(6,334,317)

Class C

(2,268)

(74,433)

(6,155)

(170,386)

Class I

(2,176,649)

(79,770,145)

(760,708)

(22,274,565)

Total redemptions

(2,246,990)

(82,230,313)

(975,669)

(28,779,268)

Net increase (decrease)

30,497,300

$1,093,077,798

402,456

$12,803,018

Six Months Ended

12/31/25

Year Ended

6/30/25

Large Cap Value Opportunities

Shares

Value

Shares

Value

Subscriptions:

Class A

229,257

$1,276,751

124,155

$616,678

Class C

192,932

791,896

23,998

85,491

Class I

521,213

3,013,160

216,709

1,112,643

Total subscriptions

943,402

5,081,807

364,862

1,814,812

Reinvestments of distributions:

Class A

107,605

599,361

104,389

520,510

Class C

36,193

144,077

24,643

90,442

Class I

187,194

1,056,971

150,210

756,707

Total reinvestments of distributions

330,992

1,800,409

279,242

1,367,659

Redemptions:

Class A

(198,327)

(1,083,261)

(358,106)

(1,755,240)

Class C

(79,142)

(336,343)

(81,600)

(295,137)

Class I

(224,319)

(1,292,106)

(439,882)

(2,253,051)

Total redemptions

(501,788)

(2,711,710)

(879,588)

(4,303,428)

Net increase (decrease)

772,606

$4,170,506

(235,484)

$(1,120,957)

Six Months Ended

12/31/25

Year Ended

6/30/25

Multi Cap Value

Shares

Value

Shares

Value

Subscriptions:

Class A

131,261

$8,031,830

89,167

$4,848,599

Class C

34,806

1,969,049

57,994

2,921,760

Class I

4,793,089

296,385,286

2,224,091

121,288,214

Total subscriptions

4,959,156

306,386,165

2,371,252

129,058,573

Reinvestments of distributions:

Class A

14,378

907,378

13,361

731,956

Class C

1,940

112,570

701

35,759

Class I

229,134

14,659,309

145,483

8,051,930

Total reinvestments of distributions

245,452

15,679,257

159,545

8,819,645

Redemptions:

Class A

(59,375)

(3,620,895)

(102,498)

(5,521,838)

Class C

(17,518)

(982,177)

(11,807)

(592,085)

Class I

(200,995)

(12,401,993)

(2,724,395)

(151,167,241)

Total redemptions

(277,888)

(17,005,065)

(2,838,700)

(157,281,164)

Net increase (decrease)

4,926,720

$305,060,357

(307,903)

$(19,402,946)

Notes to Financial Statements

(continued)

7. Income Tax Information

Each Fund is a separate taxpayer for federal income tax purposes. Each Fund intends to distribute substantially all of its net investment income and

net capital gains to shareholders and otherwise comply with the requirements of Subchapter M of the Internal Revenue Code applicable to regulated

investment companies. Therefore, no federal income tax provision is required.

Each Fund files income tax returns in U.S. federal and applicable state and local jurisdictions. A Fund's federal income tax returns are generally

subject to examination for a period of three fiscal years after being filed. State and local tax returns may be subject to examination for an additional

period of time depending on the jurisdiction. Management has analyzed each Fund's tax positions taken for all open tax years and has concluded

that no provision for income tax is required in the Fund's financial statements.

Six Months Ended

12/31/25

Year Ended

6/30/25

Small Cap Value Opportunities

Shares

Value

Shares

Value

Subscriptions:

Class A

33,876

$1,663,752

95,445

$4,868,645

Class A - automatic conversion of Class C

—

—

6,334

Class C

93,338

3,625,939

41,484

1,567,772

Class R6

194,041

10,360,737

43,597

2,341,281

Class I

376,950

19,868,919

1,428,182

73,833,026

Total subscriptions

698,205

35,519,347

1,608,844

82,617,058

Reinvestments of distributions:

Class A

35,796

1,730,360

88,359

4,562,734

Class C

15,302

565,885

8,926

361,699

Class R6

18,289

962,969

17,905

998,814

Class I

354,538

18,256,460

762,599

41,732,354

Total reinvestments of distributions

423,925

21,515,674

877,789

47,655,601

Redemptions:

Class A

(80,900)

(3,967,840)

(118,812)

(6,254,476)

Class C

(9,338)

(360,659)

(22,121)

(923,792)

Class C - automatic conversion to Class A

—

—

(173) (6,334)

Class R6

(37,033)

(2,011,290)

(24,077)

(1,317,198)

Class I

(553,250)

(28,840,283)

(1,405,135)

(74,792,100)

Total redemptions

(680,521)

(35,180,072)

(1,570,318)

(83,293,900)

Net increase (decrease)

441,609

$21,854,949

916,315

$46,978,759

Six Months Ended

12/31/25

Year Ended

6/30/25

Small/Mid Cap Value

Shares

Value

Shares

Value

Subscriptions:

Class A

49,069

$1,682,716

125,799

$4,190,937

Class C

22,493

612,170

23,834

594,835

Class R6

13,976

502,601

257,947

9,206,892

Class I

449,822

15,855,832

905,457

30,245,369

Total subscriptions

535,360

18,653,319

1,313,037

44,238,033

Reinvestments of distributions:

Class A

16,161

549,632

19,364

649,784

Class C

4,012

105,743

1,904

50,568

Class R6

4,597

164,565

72,899

2,559,739

Class I

162,946

5,763,680

222,370

7,732,272

Total reinvestments of distributions

187,716

6,583,620

316,537

10,992,363

Redemptions:

Class A

(24,035)

(817,978)

(43,368)

(1,372,218)

Class C

(3,004)

(81,549)

(7,603)

(192,297)

Class R6

(8,023)

(288,964)

(900,422)

(31,410,392)

Class I

(479,127)

(16,814,329)

(898,994)

(30,478,978)

Total redemptions

(514,189)

(18,002,820)

(1,850,387)

(63,453,885)

Net increase (decrease)

208,887

$7,234,119

(220,813)

$(8,223,489)

As of the end of the reporting period, the aggregate cost and the net unrealized appreciation/(depreciation) of all investments for federal income tax

purposes were as follows:

For purposes of this disclosure, tax cost generally includes the cost of portfolio investments as well as up-front fees or premiums exchanged on

derivatives and any amounts unrealized for income statement reporting but realized income and/or capital gains for tax reporting, if applicable.

As of prior fiscal period end, the components of accumulated earnings on a tax basis were as follows:

As of prior fiscal period end, the Funds had capital loss carryforwards, which will not expire:

8. Management Fees and Other Transactions with Affiliates

Management Fees:

Each Fund's management fee compensates the Adviser for the overall investment advisory and administrative services and

general office facilities. The Sub-Adviser is compensated for its services to the Funds from the management fees paid to the Adviser.

Each Fund's management fee consists of two components – a fund-level fee, based only on the amount of assets within each individual Fund, and

a complex-level fee, based on the aggregate amount of all eligible fund assets managed by the Adviser. This pricing structure enables each Fund's

shareholders to benefit from growth in the assets within their respective Fund as well as from growth in the amount of complex-wide assets managed

by the Adviser.

Fund

Tax Cost

Gross Unrealized

Appreciation

Gross

Unrealized

(Depreciation)

Net

Unrealized

Appreciation

(Depreciation)

Global Equity Income

$

100,216,511

$

52,893,355

$

(2,763,067)

$

50,130,288

International Value

1,196,306,498

143,367,242

(16,363,767)

127,003,475

Large Cap Value Opportunities

17,280,379

10,949,617

(218,944)

10,730,673

Multi Cap Value

709,043,536

194,248,848

(8,705,705)

185,543,143

Small Cap Value Opportunities

221,784,072

47,269,266

(9,143,717)

38,125,549

Small/Mid Cap Value

86,611,378

18,267,035

(2,387,760)

15,879,275

Fund

Undistributed

Ordinary

Income

Undistributed

Long-Term

Capital Gains

Unrealized

Appreciation

(Depreciation)

Capital Loss

Carryforwards

Late-Year Loss

Deferrals

Other

Book-to-Tax

Differences

Total

Global Equity Income

$

1,620,698

$

—

$

43,778,253

$

(219,401,380)

$

—

$

(1,258,134)

$

(175,260,563)

International Value

2,943,521

—

49,771,760

(198,018,769)

—

—

(145,303,488)

Large Cap Value Opportunities

207,163

1,387,420

8,828,135

—

—

—

10,422,718

Multi Cap Value

7,656,776

4,532,823

112,025,397

—

—

(15,024)

124,199,972

Small Cap Value Opportunities

462,549

11,618,733

24,591,927

—

—

—

36,673,209

Small/Mid Cap Value

—

4,476,609

14,845,791

—

(2,603,467)

—

16,718,933

Fund

Short-Term

Long-Term

Total

Global Equity Income

$

6,415,473

$

212,985,907

$

219,401,380

International Value

7,037,883

190,980,886

198,018,769

Large Cap Value Opportunities

—

—

—

Multi Cap Value

—

—

—

Small Cap Value Opportunities

—

—

—

Small/Mid Cap Value

—

—

—

Global Equity Income's capital loss carryforward is subject to significant limitations under the Internal Revenue Code and related regulations. In particular, it is

expected that the Fund will only be able to annually utilize approximately $4 million of its outstanding capital loss carryforward for the next fourteen years, at which

point the annual limitation will further be reduced to approximately $1.2 million.

Notes to Financial Statements

(continued)

The annual fund-level fee, payable monthly, for each Fund is calculated according to the following schedule:

The annual complex-level fee, payable monthly, for each Fund is calculated according to the following schedule:

\* The complex-level fee is calculated based upon the aggregate daily "eligible assets" of all Nuveen-branded closed-end funds and Nuveen branded open-end funds ("Nuveen Mutual

Funds"). Except as described below, eligible assets include the assets of all Nuveen-branded closed-end funds and Nuveen Mutual Funds organized in the United States. Eligible assets do

not include the net assets of: Nuveen fund-of-funds, Nuveen money market funds, Nuveen index funds, Nuveen Large Cap Responsible Equity Fund or Nuveen Life Large Cap Responsible

Equity Fund. In addition, eligible assets include a fixed percentage of the aggregate net assets of the active equity and fixed income Nuveen Mutual Funds advised by the Adviser's affiliate,

Teachers Advisors, LLC (except those identified above). The fixed percentage will increase annually until May 1, 2033, at which time eligible assets will include all of the aggregate net assets

of the active equity and fixed income Nuveen Mutual Funds advised by Teachers Advisors, LLC (except those identified above). Eligible assets include closed-end fund assets managed by

the Adviser that are attributable to financial leverage. For these purposes, financial leverage includes the closed-end funds' use of preferred stock and borrowings and certain investments

in the residual interest certificates (also called inverse floating rate securities) in tender option bond (TOB) trusts, including the portion of assets held by a TOB trust that has been effectively

financed by the trust's issuance of floating rate securities, subject to an agreement by the Adviser as to certain funds to limit the amount of such assets for determining eligible assets in

certain circumstances.

As of the end of the reporting period, the complex-level fee for each Fund was as follows:

The Adviser has agreed to waive fees and/or reimburse expenses ("Expense Cap") of the Funds so that the total annual Fund operating expenses

(excluding 12b-1 distribution and/or service fees, interest expenses, taxes, acquired fund fees and expenses, fees incurred in acquiring and disposing

of portfolio securities and extraordinary expenses) do not exceed the average daily net assets of any class of Fund shares in the amounts and for the

time periods stated in the following table. However, because Class R6 Shares are not subject to sub-transfer agent and similar fees, the total annual

fund operating expense for the Class R6 Shares will be less than the expense limitation. The temporary expense limitations may be terminated or

modified prior to expiration date only with the approval of the Board. The expense limitations in effect thereafter may be terminated or modified

only with the approval of shareholders of each Fund.

Average Daily Net Assets

Global

Equity

Income

International

Value

Large Cap

Value

Opportunities

Multi Cap

Value

Small Cap Value

Opportunities

Small/Mid Cap

Value

For the first $125 million

0.5500 %

0.5500 %

0.5000 %

0.5500 %

0.6500 %

0.6000 %

For the next $125 million

0.5375 0.5375 0.4875 0.5375 0.6375 0.5875 For the next $250 million

0.5250 0.5250 0.4750 0.5250 0.6250 0.5750 For the next $500 million

0.5125 0.5125 0.4625 0.5125 0.6125 0.5625 For the next $1 billion

0.5000 0.5000 0.4500 0.5000 0.6000 0.5500 For the next $3 billion

0.4750 0.4750 0.4250 0.4750 0.5750 0.5250 For the next $2.5 billion

0.4500 0.4500 0.4000 0.4500 0.5500 0.5000 For the next $2.5 billion

0.4375 0.4375 0.3875 0.4375 0.5375 0.4875 For net assets over $10 billion

0.4250 0.4250 0.3750 0.4250 0.5250 0.4750 Complex-Level Asset Breakpoint Level\*

Complex-Level Fee

For the first $124.3 billion

0.1600 %

For the next $75.7 billion

0.1350 For the next $200 billion

0.1325 For eligible assets over $400 billion

0.1300 Fund

Complex-Level Fee

Global Equity Income

0.1560 %

International Value

0.1560 Large Cap Value Opportunities

0.1560 Multi Cap Value

0.1560 Small Cap Value Opportunities

0.1560 Small/Mid Cap Value

0.1560 Fund

Temporary

Expense Cap

Temporary

Expense Cap

Expiration Date

Permanent

Expense Cap

Global Equity Income

0.90%

July 31, 2027

N/A

International Value

0.94 July 31, 2027

N/A

Large Cap Value Opportunities

0.79 July 31, 2027

1.35%

Multi Cap Value

0.94 July 31, 2027

N/A

Small Cap Value Opportunities

0.99 July 31, 2027

1.50%

Small/Mid Cap Value

1.10 July 31, 2027

1.45%

N/A - Not Applicable.

Distribution and Service Fees:

Each Fund has adopted a distribution and service plan under rule 12b-1 under the 1940 Act. Class A Shares incur

a 0.25% annual 12b-1 service fee. Class C Shares incur a 0.75% annual 12b-1 distribution fee and a 0.25% annual 12b-1 service fee. Class R6

Shares and Class I Shares are not subject to 12b-1 distribution or service fees. The fees under this plan compensate Nuveen Securities, LLC, (the

"Distributor"), a wholly-owned subsidiary of Nuveen, for services provided and expenses incurred in distributing shares of the Funds and establishing

and maintaining shareholder accounts.

Other Transactions with Affiliates:

The Funds receive voluntary compensation from the Adviser in amounts that approximate the cost of research

services obtained from broker-dealers and research providers if the Adviser had purchased the research services directly. This income received by the

Funds is recognized in "Affiliated income" on the Statement of Operations and any amounts due to the Funds at the end of the current fiscal period

is recognized in "Reimbursement from Adviser" on the Statement of Assets and Liabilities. During the current fiscal period, the values of voluntary

compensation were as follows:

The Funds are permitted to purchase or sell securities from or to certain other funds or accounts managed by the Sub-Adviser or by an affiliate of

the Adviser (each an, "Affiliated Entity") under specified conditions outlined in procedures adopted by the Board ("cross-trade"). These procedures

have been designed to ensure that any cross-trade of securities by the Fund from or to an Affiliated Entity by virtue of having a common investment

adviser (or affiliated investment adviser), common officer and/or common trustee complies with Rule 17a-7 under the 1940 Act. These transactions

are effected at the current market price (as provided by an independent pricing service) without incurring broker commissions. During the current

fiscal period, the Funds engaged in the following security transactions with affiliated entities:

During the current fiscal period, the Distributor, collected sales charges on purchases of Class A Shares, the majority of which were paid out as

concessions to financial intermediaries as follows:

The Distributor also received 12b-1 service fees on Class A Shares, substantially all of which were paid to compensate financial intermediaries for

providing services to shareholders relating to their investments.

During the current fiscal period, the Distributor compensated financial intermediaries directly with commission advances at the time of purchase as

follows:

Fund

Value

Global Equity Income

$

11,548

International Value

11,528

Large Cap Value Opportunities

820

Multi Cap Value

352,605

Small Cap Value Opportunities

376,126

Small/Mid Cap Value

134,550

Fund

Purchases

Sales

Realized

Gain (Loss)

Global Equity Income

$

—

$

—

$

—

International Value

188,411,839

—

—

Large Cap Value Opportunities

—

—

—

Multi Cap Value

—

—

—

Small Cap Value Opportunities

—

668,962

115,662

Small/Mid Cap Value

—

—

—

Fund

Sales Charges

Collected

Paid to Financial

Intermediaries

Global Equity Income

$

6,418

$

5,976

International Value

11,199

9,889

Large Cap Value Opportunities

5,114

4,870

Multi Cap Value

33,613

29,655

Small Cap Value Opportunities

9,446

8,225

Small/Mid Cap Value

14,247

13,090

Notes to Financial Statements

(continued)

To compensate for commissions advanced to financial intermediaries, all 12b-1 service and distribution fees collected on Class C Shares during the

first year following a purchase are retained by the Distributor. During the current fiscal period, the Distributor retained such 12b-1 fees as follows:

The remaining 12b-1 fees charged to each Fund were paid to compensate financial intermediaries for providing services to shareholders relating to

their investments.

The Distributor also collected and retained CDSC on share redemptions during the current fiscal period, as follows:

As of the end of the reporting period, the percentage of Fund shares owned by affiliates was as follows:

9. Borrowing Arrangements

Line of Credit:

The Funds, along with certain funds managed by the Adviser or by an affiliate of the Adviser ("Participating Funds"), have established

a 364-day, $2.7 billion standby credit facility with a group of lenders, under which the Participating Funds may borrow for temporary purposes (other

than on-going leveraging for investment purposes). Each Participating Fund is allocated a designated proportion of the facility's capacity (and its

associated costs, as described below) based upon a multi-factor assessment of the likelihood and frequency of its need to draw on the facility, the

size of the Fund and its anticipated draws, and the potential importance of such draws to the operations and well-being of the Fund, relative to

those of the other Funds. A Fund may effect draws on the facility in excess of its designated capacity if and to the extent that other Participating

Funds have undrawn capacity. The credit facility expires in June 2026, unless extended or renewed.

Fund

Commission

Advances

Global Equity Income

$

2,714

International Value

Large Cap Value Opportunities

10,271

Multi Cap Value

19,079

Small Cap Value Opportunities

35,960

Small/Mid Cap Value

10,679

Fund

12b-1 Fees

Retained

Global Equity Income

$

International Value

Large Cap Value Opportunities

1,600

Multi Cap Value

11,570

Small Cap Value Opportunities

10,484

Small/Mid Cap Value

2,682

Fund

CDSC

Retained

Global Equity Income

$

International Value

Large Cap Value Opportunities

—

Multi Cap Value

Small Cap Value Opportunities

643

Small/Mid Cap Value

Underlying Fund

Nuveen

Lifecycle

Funds

Nuveen

Lifestyle

Funds

Nuveen

Managed

Allocation

Fund

Total

International Value

82%

4%

2%

88%

Fund

Nuveen Owned Shares

Small Cap Value Opportunities

-%\*

Small/Mid Cap Value

-%\*

\*Rounds to less than 1%.

The credit facility has the following terms: 0.15% per annum on unused commitment amounts and a drawn interest rate equal to the higher

of (a) OBFR (Overnight Bank Funding Rate) plus 1.20% per annum or (b) the Fed Funds Effective Rate plus 1.20% per annum on amounts

borrowed. Interest expense incurred by the Participating Funds, when applicable, is recognized as a component of "Interest expense" on the

Statement of Operations. Participating Funds paid administration, legal and arrangement fees, which are recognized as a component of "Interest

expense" on the Statement of Operations, and along with commitment fees, have been allocated among such Participating Funds based upon the

relative proportions of the facility's aggregate capacity reserved for them and other factors deemed relevant by the Adviser and the Board of each

Participating Fund.

During the current fiscal period, the Funds did not utilize this facility.

------

**Item 8.** **Changes in and Disagreements with Accountants for Open-End Management Investment Companies.** <br>

Not applicable.

------

**Item 9.** **Proxy Disclosures for Open-End Management Investment Companies.** <br>

Not applicable.

------

**Item 10.** **Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.** <br>

The Funds do not pay any remuneration to their officers, but the Funds do reimburse Nuveen Fund Advisors, LLC, the Funds' investment adviser and an affiliate of the Funds' officers, for an allocable portion of Nuveen Fund Advisors, LLC's cost of the compensation for the Funds' Chief Compliance Officer. The aggregate remuneration paid to the trustees (all of whom are independent) and to Nuveen Fund Advisors, LLC, the Fund's investment adviser and an affiliate of the Fund's officers, by each Fund is reported as "Trustees fees" and "Management fees" on the Statement of Operations under Item 7 of this Form N-CSR.

------

**Item 11.** **Statement Regarding Basis for Approval of Investment Advisory Contract.** <br>

Not applicable.

------

**Item 12.** **Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.** <br>

Not applicable to open-end investment companies.

------

**Item 13.** **Portfolio Managers of Closed-End Management Investment Companies.** <br>

Not applicable to open-end investment companies.

------

**Item 14.** **Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.** <br>

Not applicable to open-end investment companies.

------

**Item 15.** **Submission of Matters to a Vote of Security Holders.** <br>

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's Board of Trustees implemented after the registrant last provided disclosure in response to this Item.

------

**Item 16.** **Controls and Procedures.** <br>

(a) The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the "Exchange Act") (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

------

**Item 17.** **Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.** <br>

(a) Not applicable to open-end investment companies.

(b) Not applicable to open-end investment companies.

------

**Item 18.** **Recovery of Erroneously Awarded Compensation.** <br>

(a) Not applicable.

(b) Not applicable.

------

**Item 19.** **Exhibits.** <br>

---

| | |
|:---|:---|
| (a)(1) | Not applicable to this filing. |
| (a)(2) | Not applicable to this filing. |
| (a)(3) | [Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.](d72588dex99cert.htm) |
| (a)(4) | Not applicable. |
| (a)(5) | Not applicable. |
| (b) | [Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 and Section 906 of the Sarbanes-Oxley Act of 2002 is attached hereto.](d72588dex99906cert.htm) |

---

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

<u>Nuveen Investment Trust</u> 

---

| | | |
|:---|:---|:---|
| Date: March 6, 2026 | By: | <u>/s/ Jordan M. Farris</u> |
|  |  | Jordan M. Farris |
|  |  | Chief Administrative Officer |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| Date: March 6, 2026 | By: | <u>/s/ Jordan M. Farris</u> |
|  |  | Jordan M. Farris |
|  |  | Chief Administrative Officer |
|  |  | (principal executive officer) |
| Date: March 6, 2026 | By: | <u>/s/ Marc Cardella</u> |
|  |  | Marc Cardella |
|  |  | Vice President and Controller |
|  |  | (principal financial officer) |

---

## Ex-99.Cert

**Exhibit 19(a)(3)** 

**<u>CERTIFICATION</u>**

I, Jordan M. Farris, certify that:

1. I have reviewed this report on Form N-CSR of Nuveen Investment Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

------

---

| | | |
|:---|:---|:---|
| Date: March 6, 2026 | By: | <u>/s/ Jordan M. Farris</u> |
|  |  | Jordan M. Farris |
|  |  | Chief Administrative Officer |
|  |  | (principal executive officer) |

---

------

**<u>CERTIFICATION</u>**

I, Marc Cardella, certify that:

1. I have reviewed this report on Form N-CSR of Nuveen Investment Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

------

---

| | | |
|:---|:---|:---|
| Date: March 6, 2026 | By: | <u>/s/ Marc Cardella</u> |
|  |  | Marc Cardella |
|  |  | Vice President and Controller |
|  |  | (principal financial officer) |

---

## Exhibit 99.906

**Exhibit 19(b)** 

**<u>CERTIFICATION</u>**

**Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002** 

**(Subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code)** 

In connection with the semi-annual report of Nuveen Investment Trust (the "Registrant") on Form N-CSR for the period ended December 31, 2025, as filed with the Securities and Exchange Commission (the "Report"), the undersigned officers of the Registrant certify that, to the best of each such officer's knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act
of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition and
results of operations of the Registrant.

---

| | | |
|:---|:---|:---|
| Date: March 6, 2026 | By: | <u>/s/ Jordan M. Farris</u> |
|  |  | Jordan M. Farris |
|  |  | Chief Administrative Officer |
|  |  | (principal executive officer) |
| Date: March 6, 2026 | By: | <u>/s/ Marc Cardella</u> |
|  |  | Marc Cardella |
|  |  | Vice President and Controller |
|  |  | (principal financial officer) |

---