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Nuveen Investment Trust II

10/04/2024 | Press release | Distributed by Public on 10/04/2024 11:16

Annual Report by Investment Company Form N CSR

Nuveen Investment Trust II

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 811-08333

Nuveen Investment Trust II

(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: (312) 917-7700

Date of fiscal year end: July31

Date of reporting period: July31, 2024

Item 1.

Reports to Stockholders.


		Annual Shareholder Report July 31, 2024

Nuveen Dividend Growth Fund

Class A Shares/NSBAX

Annual Shareholder Report

This annual shareholder report contains important information about the Class A Shares of the Nuveen Dividend Growth Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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



	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*

Class A Shares	$100	0.92%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?



Performance Highlights • The Nuveen Dividend Growth Fund returned 17.35% for Class A Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund significantly underperformed the S&P 500 Index, which returned 22.15%. • Top contributors to relative performance » An overweight to software infrastructure solutions company Broadcom Inc. » Security selection in the industrials sector, led by overweights to climate control innovator Trane Technologies plc and power management company Eaton Corp. Plc. • Top detractors from relative performance » Security selection in the information technology sector, including a lack of exposure to chipmaker NVIDIA Corp. » Security selection and an underweight in the communication services sector, including an overweight to cable television provider Comcast Corporation and a lack of exposure to social media company Meta Platforms Inc. » Amazon.com Inc., a position not held in the Fund.		Performance Attribution Broadcom Inc. Industrials Information technology Communication services Amazon.com Inc.


	1		continued»

How did the Fund perform over the last 10 years?

Performance data shown represents past performance and does not predict or guarantee future results.The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund Shares.

Fund Performance(August 1, 2014 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1-Year			5-Year		10-Year

Class A Shares at NAV (excluding maximum sales charge)		17.35	%		12.06	%	11.05	%

Class A Shares at maximum sales charge (Offering Price)		10.61			10.74		10.40

S&P 500^® Index		22.15			15.00		13.15

Lipper Equity Income Funds Classification Average		14.93			10.15		8.97

Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to https://www.nuveen.com/en-us/mutual-funds/prospectusesor call (800) 257-8787.


	2		continued»

Fund Statistics (as of July 31, 2024)



Fund net assets	$	6,352,265,793

Total number of portfolio holdings		42

Portfolio turnover (%)		11%

Total management fees paid for the year	$	35,682,790

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

Management fees: As of May 1, 2024, the Fund's overall complex-level fee begins at a maximum rate of 0.1600% of the Fund's average daily net assets, with breakpoints for eligible complex-level assets above $124.3 billion.

For more complete information, you may review the Fund's next prospectus, which is expected to be available by November 29, 2024 at https://www.nuveen.com/en-us/mutual-funds/prospectusesor upon request at (800) 257-8787.

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.



67065W662_AR_0724 3824640-INV-Y-09/25 (A, C, R6, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen Dividend Growth Fund

Class C Shares/NSBCX

Annual Shareholder Report

This annual shareholder report contains important information about the Class C Shares of the Nuveen Dividend Growth Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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



	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*

Class C Shares	$180	1.67%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?



Performance Highlights • The Nuveen Dividend Growth Fund returned 16.46% for Class C Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund significantly underperformed the S&P 500 Index, which returned 22.15%. • Top contributors to relative performance » An overweight to software infrastructure solutions company Broadcom Inc. » Security selection in the industrials sector, led by overweights to climate control innovator Trane Technologies plc and power management company Eaton Corp. Plc. • Top detractors from relative performance » Security selection in the information technology sector, including a lack of exposure to chipmaker NVIDIA Corp. » Security selection and an underweight in the communication services sector, including an overweight to cable television provider Comcast Corporation and a lack of exposure to social media company Meta Platforms Inc. » Amazon.com Inc., a position not held in the Fund.		Performance Attribution Broadcom Inc. Industrials Information technology Communication services Amazon.com Inc.


	1		continued»

How did the Fund perform over the last 10 years?

Fund Performance (August 1, 2014 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1-Year			5-Year		10-Year

Class C Shares at NAV (excluding maximum sales charge)		16.46	%		11.22	%	10.39	%

S&P 500^® Index		22.15			15.00		13.15

Lipper Equity Income Funds Classification Average		14.93			10.15		8.97

Class C Shares are subject to a contingent deferred sales charge if redeemed within 12 months of purchase, which will be reflected in total returns presented for less than one year.


	2		continued»

Fund Statistics (as of July 31, 2024)



Fund net assets	$	6,352,265,793

Total number of portfolio holdings		42

Portfolio turnover (%)		11%

Total management fees paid for the year	$	35,682,790

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.



67065W647_AR_0724 3824640-INV-Y-09/25 (A, C, R6, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen Dividend Growth Fund

Class R6 Shares/NSBFX

Annual Shareholder Report

This annual shareholder report contains important information about the Class R6 Shares of the Nuveen Dividend Growth Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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



	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*

Class R6 Shares	$67	0.62%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?



Performance Highlights • The Nuveen Dividend Growth Fund returned 17.7% for Class R6 Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund significantly underperformed the S&P 500 Index, which returned 22.15%. • Top contributors to relative performance » An overweight to software infrastructure solutions company Broadcom Inc. » Security selection in the industrials sector, led by overweights to climate control innovator Trane Technologies plc and power management company Eaton Corp. Plc. • Top detractors from relative performance » Security selection in the information technology sector, including a lack of exposure to chipmaker NVIDIA Corp. » Security selection and an underweight in the communication services sector, including an overweight to cable television provider Comcast Corporation and a lack of exposure to social media company Meta Platforms Inc. » Amazon.com Inc., a position not held in the Fund.		Performance Attribution Broadcom Inc. Industrials Information technology Communication services Amazon.com Inc.


	1		continued»

How did the Fund perform over the last 10 years?

Fund Performance(August 1, 2014 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1-Year			5-Year		10-Year

Class R6 Shares at NAV		17.70	%		12.40	%	11.40	%

S&P 500^® Index		22.15			15.00		13.15

Lipper Equity Income Funds Classification Average		14.93			10.15		8.97


	2		continued»

Fund Statistics (as of July 31, 2024)



Fund net assets	$	6,352,265,793

Total number of portfolio holdings		42

Portfolio turnover (%)		11%

Total management fees paid for the year	$	35,682,790

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.



670725365_AR_0724 3824640-INV-Y-09/25 (A, C, R6, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen Dividend Growth Fund

Class I Shares/NSBRX

Annual Shareholder Report

This annual shareholder report contains important information about the Class I Shares of the Nuveen Dividend Growth Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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



	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*

Class I Shares	$73	0.67%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?



Performance Highlights • The Nuveen Dividend Growth Fund returned 17.64% for Class I Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund significantly underperformed the S&P 500 Index, which returned 22.15%. • Top contributors to relative performance » An overweight to software infrastructure solutions company Broadcom Inc. » Security selection in the industrials sector, led by overweights to climate control innovator Trane Technologies plc and power management company Eaton Corp. Plc. • Top detractors from relative performance » Security selection in the information technology sector, including a lack of exposure to chipmaker NVIDIA Corp. » Security selection and an underweight in the communication services sector, including an overweight to cable television provider Comcast Corporation and a lack of exposure to social media company Meta Platforms Inc. » Amazon.com Inc., a position not held in the Fund.		Performance Attribution Broadcom Inc. Industrials Information technology Communication services Amazon.com Inc.


	1		continued»

How did the Fund perform over the last 10 years?

Fund Performance (August 1, 2014 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1-Year			5-Year		10-Year

Class I Shares at NAV		17.64	%		12.34	%	11.33	%

S&P 500^® Index		22.15			15.00		13.15

Lipper Equity Income Funds Classification Average		14.93			10.15		8.97


	2		continued»

Fund Statistics (as of July 31, 2024)



Fund net assets	$	6,352,265,793

Total number of portfolio holdings		42

Portfolio turnover (%)		11%

Total management fees paid for the year	$	35,682,790

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.



67065W639_AR_0724 3824640-INV-Y-09/25 (A, C, R6, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen Global Dividend Growth Fund

Class A Shares/NUGAX

Annual Shareholder Report

This annual shareholder report contains important information about the Class A Shares of the Nuveen Global Dividend Growth Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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


	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class A Shares	$124	1.15%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?


Performance Highlights • The Nuveen Global Dividend Growth Fund returned 15.64% for Class A Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund underperformed the MSCI World (Net), which returned 18.34%. • Top contributors to relative performance » Security selection in the information technology sector, led by an overweight to U.S. software infrastructure company Broadcom Inc. and an out-of-benchmark position in Taiwan Semiconductor Manufacturing Co., Ltd. » Security selection in the industrials sector, led by an overweight to Ireland-based power management company Eaton Corp. Plc. • Top detractors from relative performance » A lack of exposure to U.S. chipmaker NVIDIA Corp. » Security selection in the communication services sector, including an overweight to U.S. cable television provider Comcast Corporation. » Security selection in the consumer discretionary sector, including an overweight to French luxury goods maker LVMH Moet Hennessy Louis Vuitton SE and a lack of exposure to retailer Amazon.com, Inc.		Performance Attribution Information technology Industrials NVIDIA Corp. Communication services Consumer discretionary


	1		continued»

How did the Fund perform over the last 10 years?

Fund Performance (August 1, 2014 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns


	1-Year			5-Year		10-Year
Class A Shares at NAV (excluding maximum sales charge)		15.64	%		9.24	%	7.90	%
Class A Shares at maximum sales charge (Offering Price)		8.99			7.96		7.26
MSCI World Index (Net)		18.34			12.06		9.53
Lipper Global Equity Income Funds Classification Average		12.54			7.89		6.25


	2		continued»

Fund Statistics (as of July 31, 2024)



Fund net assets	$	19,547,727

Total number of portfolio holdings		49

Portfolio turnover (%)		17%

Total management fees paid for the year	$	133,439

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.



670725464_AR_0724 3824648-INV-Y-09/25 (A, C, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen Global Dividend Growth Fund

Class C Shares/NUGCX

Annual Shareholder Report

This annual shareholder report contains important information about the Class C Shares of the Nuveen Global Dividend Growth Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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


	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class C Shares	$204	1.90%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?


Performance Highlights • The Nuveen Global Dividend Growth Fund returned 14.78% for Class C Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund underperformed the MSCI World (Net), which returned 18.34%. • Top contributors to relative performance » Security selection in the information technology sector, led by an overweight to U.S. software infrastructure company Broadcom Inc. and an out-of-benchmark position in Taiwan Semiconductor Manufacturing Co., Ltd. » Security selection in the industrials sector, led by an overweight to Ireland-based power management company Eaton Corp. Plc. • Top detractors from relative performance » A lack of exposure to U.S. chipmaker NVIDIA Corp. » Security selection in the communication services sector, including an overweight to U.S. cable television provider Comcast Corporation. » Security selection in the consumer discretionary sector, including an overweight to French luxury goods maker LVMH Moet Hennessy Louis Vuitton SE and a lack of exposure to retailer Amazon.com, Inc.		Performance Attribution Information technology Industrials NVIDIA Corp. Communication services Consumer discretionary


	1		continued»

How did the Fund perform over the last 10 years?

Fund Performance (August 1, 2014 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns


	1-Year			5-Year		10-Year
Class C Shares at NAV (excluding maximum sales charge)		14.78	%		8.42	%	7.25	%
MSCI World Index (Net)		18.34			12.06		9.53
Lipper Global Equity Income Funds Classification Average		12.54			7.89		6.25

Class C Shares are subject to a contingent deferred sales charge if redeemed within 12 months of purchase, which will be reflected in total returns presented for less than one year.


	2		continued»

Fund Statistics (as of July 31, 2024)



Fund net assets	$	19,547,727

Total number of portfolio holdings		49

Portfolio turnover (%)		17%

Total management fees paid for the year	$	133,439

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.



670725456_AR_0724 3824648-INV-Y-09/25 (A, C, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen Global Dividend Growth Fund

Class I Shares/NUGIX

Annual Shareholder Report

This annual shareholder report contains important information about the Class I Shares of the Nuveen Global Dividend Growth Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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


	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class I Shares	$97	0.90%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?


Performance Highlights • The Nuveen Global Dividend Growth Fund returned 15.97% for Class I Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund underperformed the MSCI World (Net), which returned 18.34%. • Top contributors to relative performance » Security selection in the information technology sector, led by an overweight to U.S. software infrastructure company Broadcom Inc. and an out-of-benchmark position in Taiwan Semiconductor Manufacturing Co., Ltd. » Security selection in the industrials sector, led by an overweight to Ireland-based power management company Eaton Corp. Plc. • Top detractors from relative performance » A lack of exposure to U.S. chipmaker NVIDIA Corp. » Security selection in the communication services sector, including an overweight to U.S. cable television provider Comcast Corporation. » Security selection in the consumer discretionary sector, including an overweight to French luxury goods maker LVMH Moet Hennessy Louis Vuitton SE and a lack of exposure to retailer Amazon.com, Inc.		Performance Attribution Information technology Industrials NVIDIA Corp. Communication services Consumer discretionary


	1		continued»

How did the Fund perform over the last 10 years?

Fund Performance (August 1, 2014 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns


	1-Year			5-Year		10-Year
Class I Shares at NAV		15.97	%		9.51	%	8.16	%
MSCI World Index (Net)		18.34			12.06		9.53
Lipper Global Equity Income Funds Classification Average		12.54			7.89		6.25


	2		continued»

Fund Statistics (as of July 31, 2024)



Fund net assets	$	19,547,727

Total number of portfolio holdings		49

Portfolio turnover (%)		17%

Total management fees paid for the year	$	133,439

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.



670725449_AR_0724 3824648-INV-Y-09/25 (A, C, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen International Dividend Growth Fund

Class A Shares/NUIAX

Annual Shareholder Report

This annual shareholder report contains important information about the Class A Shares of the Nuveen International Dividend Growth Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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


	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class A Shares	$120	1.15%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?


Performance Highlights • The Nuveen International Dividend Growth Fund returned 9.52% for Class A Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund underperformed the MSCI EAFE Index (Net), which returned 11.21%. • Top contributors to relative performance » Security selection in the information technology sector, led by an out-of-benchmark position in Taiwan Semiconductor Manufacturing Co. and an overweight to German software company SAP SE. » Security selection in the industrials sector, led by overweights to British aerospace and defense firm BAE Systems plc and Japanese import/export provider Itochu Corporation. • Top detractors from relative performance » Security selection in the financials sector, including an out-of-benchmark position in Canadian financial services firm Toronto-Dominion Bank and an overweight to Hong Kong based insurance company AIA Group Limited. » An overweight to French luxury goods maker LVMH Moet Hennessy Louis Vuitton SE. » An overweight to British drug manufacturer Hikma Pharmaceuticals Plc.		Performance Attribution Information technology Industrials Financials LVMH Moet Hennessy Louis Vuitton SE Hikma Pharmaceuticals Plc


	1		continued»

How did the Fund perform over the last 10 years?

Fund Performance(August 1, 2014 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns


	1-Year			5-Year		10-Year
Class A Shares at NAV (excluding maximum sales charge)		9.52	%		6.20	%	4.21	%
Class A Shares at maximum sales charge (Offering Price)		3.22			4.95		3.60
MSCI EAFE^® Index (Net)		11.21			7.36		4.84
Lipper International Equity Income Funds Classification Average		11.33			6.59		3.79


	2		continued»

Fund Statistics (as of July 31, 2024)



Fund net assets	$	5,325,943

Total number of portfolio holdings		35

Portfolio turnover (%)		18%

Total management fees paid for the year	$	35,594

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.



670725423_AR_0724 3824654-INV-Y-09/25 (A, C, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen International Dividend Growth Fund

Class C Shares/NUICX

Annual Shareholder Report

This annual shareholder report contains important information about the Class C Shares of the Nuveen International Dividend Growth Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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


	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class C Shares	$198	1.90%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?



Performance Highlights • The Nuveen International Dividend Growth Fund returned 8.72% for Class C Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund underperformed the MSCI EAFE Index (Net), which returned 11.21%. • Top contributors to relative performance » Security selection in the information technology sector, led by an out-of-benchmark position in Taiwan Semiconductor Manufacturing Co. and an overweight to German software company SAP SE. » Security selection in the industrials sector, led by overweights to British aerospace and defense firm BAE Systems plc and Japanese import/export provider Itochu Corporation. • Top detractors from relative performance » Security selection in the financials sector, including an out-of-benchmark position in Canadian financial services firm Toronto-Dominion Bank and an overweight to Hong Kong based insurance company AIA Group Limited. » An overweight to French luxury goods maker LVMH Moet Hennessy Louis Vuitton SE. » An overweight to British drug manufacturer Hikma Pharmaceuticals Plc.		Performance Attribution Information technology Industrials Financials LVMH Moet Hennessy Louis Vuitton SE Hikma Pharmaceuticals Plc


	1		continued»

How did the Fund perform over the last 10 years?

Fund Performance(August 1, 2014 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns


	1-Year			5-Year		10-Year
Class C Shares at NAV (excluding maximum sales charge)		8.72	%		5.40	%	3.59	%
MSCI EAFE^® Index (Net)		11.21			7.36		4.84
Lipper International Equity Income Funds Classification Average		11.33			6.59		3.79

Class C Shares are subject to a contingent deferred sales charge if redeemed within 12 months of purchase, which will be reflected in total returns presented for less than one year.


	2		continued»

Fund Statistics (as of July 31, 2024)



Fund net assets	$	5,325,943

Total number of portfolio holdings		35

Portfolio turnover (%)		18%

Total management fees paid for the year	$	35,594

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.



670725415_AR_0724 3824654-INV-Y-09/25 (A, C, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen International Dividend Growth Fund

Class I Shares/NUIIX

Annual Shareholder Report

This annual shareholder report contains important information about the Class I Shares of the Nuveen International Dividend Growth Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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



	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*

Class I Shares	$94	0.90%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?



Performance Highlights • The Nuveen International Dividend Growth Fund returned 9.78% for Class I Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund underperformed the MSCI EAFE Index (Net), which returned 11.21%. • Top contributors to relative performance » Security selection in the information technology sector, led by an out-of-benchmark position in Taiwan Semiconductor Manufacturing Co. and an overweight to German software company SAP SE. » Security selection in the industrials sector, led by overweights to British aerospace and defense firm BAE Systems plc and Japanese import/export provider Itochu Corporation. • Top detractors from relative performance » Security selection in the financials sector, including an out-of-benchmark position in Canadian financial services firm Toronto-Dominion Bank and an overweight to Hong Kong based insurance company AIA Group Limited. » An overweight to French luxury goods maker LVMH Moet Hennessy Louis Vuitton SE. » An overweight to British drug manufacturer Hikma Pharmaceuticals Plc.		Performance Attribution Information technology Industrials Financials LVMH Moet Hennessy Louis Vuitton SE Hikma Pharmaceuticals Plc


	1		continued»

How did the Fund perform over the last 10 years?

Fund Performance (August 1, 2014 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1-Year			5-Year		10-Year

Class I Shares at NAV		9.78	%		6.47	%	4.47	%

MSCI EAFE^® Index (Net)		11.21			7.36		4.84

Lipper International Equity Income Funds Classification Average		11.33			6.59		3.79


	2		continued»

Fund Statistics (as of July 31, 2024)



Fund net assets	$	5,325,943

Total number of portfolio holdings		35

Portfolio turnover (%)		18%

Total management fees paid for the year	$	35,594

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.



670725399_AR_0724 3824654-INV-Y-09/25 (A, C, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen International Small Cap Fund

Class A Shares/NWAIX

Annual Shareholder Report

This annual shareholder report contains important information about the Class A Shares of the Nuveen International Small Cap Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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


	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class A Shares	$123	1.20%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?



Performance Highlights • The Nuveen International Small Cap Fund returned 5.41% for Class A Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund underperformed the MSCI World ex USA Small Cap Index (Net), which returned 8.88%. • Top contributors to relative performance » Security selection in the industrials sector, led by an out-of-benchmark position in Norwegian aerospace and defense company Kongsberg Gruppen ASA and an overweight to Finnish crane manufacturer Konecranes Oyj. » Security selection in the communication services sector, led by overweights to automotive e-commerce company CAR Group Limited and event marketing firm CTS Eventim AG & Co. KGaA. • Top detractors from relative performance » Security selection in the healthcare sector, including overweights to German health care software developer CompuGroup Medical SE & Co. KGaA and Israeli medical aesthetic products provider InMode Ltd. » Security selection in the consumer discretionary sector, including an out-of-benchmark position in Chinese sportswear retailer Topsports International Holdings Limited. » Security selection in the materials sector, including an overweight to mining company SSR Mining Inc.		Performance Attribution Industrials Communication services Health care Consumer discretionary Materials


	1		continued»

How did the Fund perform over the period since inception?

Fund Performance(December 18, 2017 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1-Year			5-Year		Since Inception (12/18/17)

Class A Shares at NAV (excluding maximum sales charge)		5.41	%		4.10	%	3.50	%

Class A Shares at maximum sales charge (Offering Price)		(0.65	)		2.87		2.57

MSCI World ex USA Index (Net)		11.12			7.48		5.30

MSCI World ex USA Small Cap Index (Net)		8.88			5.93		3.49

Lipper International Small/Mid-Cap Classification Average		8.12			5.29		3.29


	2		continued»

Fund Statistics (as of July 31, 2024)



Fund net assets	$	53,718,389

Total number of portfolio holdings		89

Portfolio turnover (%)		46%

Total management fees paid for the year	$	531,378

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.



670713502_AR_0724 3824661-INV-Y-09/25 (A, C, R6, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen International Small Cap Fund

Class C Shares/NWSCX

Annual Shareholder Report

This annual shareholder report contains important information about the Class C Shares of the Nuveen International Small Cap Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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


	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class C Shares	$200	1.95%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?



Performance Highlights • The Nuveen International Small Cap Fund returned 4.58% for Class C Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund significantly underperformed the MSCI World ex USA Small Cap Index (Net), which returned 8.88%. • Top contributors to relative performance » Security selection in the industrials sector, led by an out-of-benchmark position in Norwegian aerospace and defense company Kongsberg Gruppen ASA and an overweight to Finnish crane manufacturer Konecranes Oyj. » Security selection in the communication services sector, led by overweights to automotive e-commerce company CAR Group Limited and event marketing firm CTS Eventim AG & Co. KGaA. • Top detractors from relative performance » Security selection in the healthcare sector, including overweights to German health care software developer CompuGroup Medical SE & Co. KGaA and Israeli medical aesthetic products provider InMode Ltd. » Security selection in the consumer discretionary sector, including an out-of-benchmark position in Chinese sportswear retailer Topsports International Holdings Limited. » Security selection in the materials sector, including an overweight to mining company SSR Mining Inc.		Performance Attribution Industrials Communication services Health care Consumer discretionary Materials


	1		continued»

How did the Fund perform over the period since inception?

Fund Performance (December 18, 2017 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1-Year			5-Year		Since Inception (12/18/17)

Class C Shares at NAV (excluding maximum sales charge)		4.58	%		3.32	%	2.71	%

MSCI World ex USA Index (Net)		11.12			7.48		5.30

MSCI World ex USA Small Cap Index (Net)		8.88			5.93		3.49

Lipper International Small/Mid-Cap Classification Average		8.12			5.29		3.29

Class C Shares are subject to a contingent deferred sales charge if redeemed within 12 months of purchase, which will be reflected in total returns presented for less than one year.


	2		continued»

Fund Statistics (as of July 31, 2024)



Fund net assets	$	53,718,389

Total number of portfolio holdings		89

Portfolio turnover (%)		46%

Total management fees paid for the year	$	531,378

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.



670713601_AR_0724 3824661-INV-Y-09/25 (A, C, R6, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen International Small Cap Fund

Class R6 Shares/NWIFX

Annual Shareholder Report

This annual shareholder report contains important information about the Class R6 Shares of the Nuveen International Small Cap Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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


	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class R6 Shares	$85	0.82%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?



Performance Highlights • The Nuveen International Small Cap Fund returned 5.75% for Class R6 Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund underperformed the MSCI World ex USA Small Cap Index (Net), which returned 8.88%. • Top contributors to relative performance » Security selection in the industrials sector, led by an out-of-benchmark position in Norwegian aerospace and defense company Kongsberg Gruppen ASA and an overweight to Finnish crane manufacturer Konecranes Oyj. » Security selection in the communication services sector, led by overweights to automotive e-commerce company CAR Group Limited and event marketing firm CTS Eventim AG & Co. KGaA. • Top detractors from relative performance » Security selection in the healthcare sector, including overweights to German health care software developer CompuGroup Medical SE & Co. KGaA and Israeli medical aesthetic products provider InMode Ltd. » Security selection in the consumer discretionary sector, including an out-of-benchmark position in Chinese sportswear retailer Topsports International Holdings Limited. » Security selection in the materials sector, including an overweight to mining company SSR Mining Inc.		Performance Attribution Industrials Communication services Health care Consumer discretionary Materials


	1		continued»

How did the Fund perform over the period since inception?

Fund Performance(December 18, 2017 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns



	1-Year			5-Year		Since Inception (12/18/17)

Class R6 Shares at NAV		5.75	%		4.43	%	3.80	%

MSCI World ex USA Index (Net)		11.12			7.48		5.30

MSCI World ex USA Small Cap Index (Net)		8.88			5.93		3.49

Lipper International Small/Mid-Cap Classification Average		8.12			5.29		3.29


	2		continued»

Fund Statistics (as of July 31, 2024)



Fund net assets	$	53,718,389

Total number of portfolio holdings		89

Portfolio turnover (%)		46%

Total management fees paid for the year	$	531,378

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.



670713809_AR_0724 3824661-INV-Y-09/25 (A, C, R6, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen International Small Cap Fund

Class I Shares/NWPIX

Annual Shareholder Report

This annual shareholder report contains important information about the Class I Shares of the Nuveen International Small Cap Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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


	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class I Shares	$98	0.95%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?


Performance Highlights • The Nuveen International Small Cap Fund returned 5.59% for Class I Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund underperformed the MSCI World ex USA Small Cap Index (Net), which returned 8.88%. • Top contributors to relative performance » Security selection in the industrials sector, led by an out-of-benchmark position in Norwegian aerospace and defense company Kongsberg Gruppen ASA and an overweight to Finnish crane manufacturer Konecranes Oyj. » Security selection in the communication services sector, led by overweights to automotive e-commerce company CAR Group Limited and event marketing firm CTS Eventim AG & Co. KGaA. • Top detractors from relative performance » Security selection in the healthcare sector, including overweights to German health care software developer CompuGroup Medical SE & Co. KGaA and Israeli medical aesthetic products provider InMode Ltd. » Security selection in the consumer discretionary sector, including an out-of-benchmark position in Chinese sportswear retailer Topsports International Holdings Limited. » Security selection in the materials sector, including an overweight to mining company SSR Mining Inc.		Performance Attribution Industrials Communication services Health care Consumer discretionary Materials


	1		continued»

How did the Fund perform over the period since inception?

Fund Performance (December 18, 2017 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns


	1-Year			5-Year		Since Inception (12/18/17)
Class I Shares at NAV		5.59	%		4.34	%	3.74	%
MSCI World ex USA Index (Net)		11.12			7.48		5.30
MSCI World ex USA Small Cap Index (Net)		8.88			5.93		3.49
Lipper International Small/Mid-Cap Classification Average		8.12			5.29		3.29


	2		continued»

Fund Statistics (as of July 31, 2024)


Fund net assets	$	53,718,389
Total number of portfolio holdings		89
Portfolio turnover (%)		46%
Total management fees paid for the year	$	531,378

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.



670713700_AR_0724 3824661-INV-Y-09/25 (A, C, R6, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen Winslow Large-Cap Growth ESG Fund

Class A Shares/NWCAX

Annual Shareholder Report

This annual shareholder report contains important information about the Class A Shares of the Nuveen Winslow Large-Cap Growth ESG Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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


	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class A Shares	$105	0.91%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?


Performance Highlights • The Nuveen Winslow Large-Cap Growth ESG Fund returned 31.95% for Class A Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund significantly outperformed the Russell 1000 Growth Index, which returned 26.94%. • Top contributors to relative performance » Security selection in the consumer discretionary sector, led by an overweight to restaurant chain Chipotle Mexican Grill, as well as a lack of exposure to automotive firm Tesla, Inc. » Security selection in the information technology sector, led by overweights to enterprise software company ServiceNow, Inc. and software infrastructure firm Broadcom Inc. » An underweight to Apple Inc. • Top detractors from relative performance » An underweight to the communication services sector. » An overweight to medical technology firm Edwards Lifesciences Corp. » An overweight to medical device company IDEXX Laboratories.		Performance Attribution Consumer discretionary Information technology Apple Inc. Communication services Edwards Lifesciences Corp IDEXX Laboratories


	1		continued»

How did the Fund perform over the last 10 years?

Fund Performance (August 1, 2014 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns


	1-Year			5-Year		10-Year
Class A Shares at NAV (excluding maximum sales charge)		31.95	%		16.87	%	15.39	%
Class A Shares at maximum sales charge (Offering Price)		24.36			15.50		14.71
Russell 1000^® Index		21.50			14.59		12.86
Russell 1000^® Growth Index		26.94			18.41		16.31
Lipper Large-Cap Growth Funds Classification Average		25.63			15.31		14.04


	2		continued»

Fund Statistics (as of July 31, 2024)


Fund net assets	$	943,786,728
Total number of portfolio holdings		42
Portfolio turnover (%)		56%
Total management fees paid for the year	$	5,367,716

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

Portfolio Manager Updates: Effective June 18, 2024, Calvin Bohman was added as a portfolio manager of the Fund. Effective September 30, 2024, Stephan Petersen will retire from Winslow Capital Management and will no longer be a portfolio manager of the Fund.

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.


670725688_AR_0724 3824663-INV-Y-09/25 (A, C, R6, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen Winslow Large-Cap Growth ESG Fund

Class C Shares/NWCCX

Annual Shareholder Report

This annual shareholder report contains important information about the Class C Shares of the Nuveen Winslow Large-Cap Growth ESG Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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


	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class C Shares	$191	1.66%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?


Performance Highlights • The Nuveen Winslow Large-Cap Growth ESG Fund returned 30.94% for Class C Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund outperformed the Russell 1000 Growth Index, which returned 26.94%. • Top contributors to relative performance » Security selection in the consumer discretionary sector, led by an overweight to restaurant chain Chipotle Mexican Grill, as well as a lack of exposure to automotive firm Tesla, Inc. » Security selection in the information technology sector, led by overweights to enterprise software company ServiceNow, Inc. and software infrastructure firm Broadcom Inc. » An underweight to Apple Inc. • Top detractors from relative performance » An underweight to the communication services sector. » An overweight to medical technology firm Edwards Lifesciences Corp. » An overweight to medical device company IDEXX Laboratories.		Performance Attribution Consumer discretionary Information technology Apple Inc. Communication services Edwards Lifesciences Corp IDEXX Laboratories


	1		continued»

How did the Fund perform over the last 10 years?

Fund Performance (August 1, 2014 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns


	1-Year			5-Year		10-Year
Class C Shares at NAV (excluding maximum sales charge)		30.94	%		15.99	%	14.69	%
Russell 1000^® Index		21.50			14.59		12.86
Russell 1000^® Growth Index		26.94			18.41		16.31
Lipper Large-Cap Growth Funds Classification Average		25.63			15.31		14.04

Class C Shares are subject to a contingent deferred sales charge if redeemed within 12 months of purchase, which will be reflected in total returns presented for less than one year.


	2		continued»

Fund Statistics (as of July 31, 2024)


Fund net assets	$	943,786,728
Total number of portfolio holdings		42
Portfolio turnover (%)		56%
Total management fees paid for the year	$	5,367,716

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.


670725670_AR_0724 3824663-INV-Y-09/25 (A, C, R6, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen Winslow Large-Cap Growth ESG Fund

Class R6 Shares/NWCFX

Annual Shareholder Report

This annual shareholder report contains important information about the Class R6 Shares of the Nuveen Winslow Large-Cap Growth ESG Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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


	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class R6 Shares	$60	0.52%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?


Performance Highlights • The Nuveen Winslow Large-Cap Growth ESG Fund returned 32.45% for Class R6 Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund significantly outperformed the Russell 1000 Growth Index, which returned 26.94%. • Top contributors to relative performance » Security selection in the consumer discretionary sector, led by an overweight to restaurant chain Chipotle Mexican Grill, as well as a lack of exposure to automotive firm Tesla, Inc. » Security selection in the information technology sector, led by overweights to enterprise software company ServiceNow, Inc. and software infrastructure firm Broadcom Inc. » An underweight to Apple Inc. • Top detractors from relative performance » An underweight to the communication services sector. » An overweight to medical technology firm Edwards Lifesciences Corp. » An overweight to medical device company IDEXX Laboratories.		Performance Attribution Consumer discretionary Information technology Apple Inc. Communication services Edwards Lifesciences Corp IDEXX Laboratories


	1		continued»

How did the Fund perform over the last 10 years?

Fund Performance(August 1, 2014 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns


	1-Year			5-Year		10-Year
Class R6 Shares at NAV		32.45	%		17.34	%	15.86	%
Russell 1000^® Index		21.50			14.59		12.86
Russell 1000^® Growth Index		26.94			18.41		16.31
Lipper Large-Cap Growth Funds Classification Average		25.63			15.31		14.04


	2		continued»

Fund Statistics (as of July 31, 2024)


Fund net assets	$	943,786,728
Total number of portfolio holdings		42
Portfolio turnover (%)		56%
Total management fees paid for the year	$	5,367,716

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.


670725373_AR_0724 3824663-INV-Y-09/25 (A, C, R6, I)


	3


		Annual Shareholder Report July 31, 2024

Nuveen Winslow Large-Cap Growth ESG Fund

Class I Shares/NVLIX

Annual Shareholder Report

This annual shareholder report contains important information about the Class I Shares of the Nuveen Winslow Large-Cap Growth ESG Fund for the period of August 1, 2023 to July 31, 2024.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.

This report describes changes to the Fund that occurred during the reporting period.

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



	Cost of a $10,000 investment	Costs paid as a percentage of $10,000 investment*

Class I Shares	$76	0.66%

Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund's performance?


Performance Highlights • The Nuveen Winslow Large-Cap Growth ESG Fund returned 32.26% for Class I Shares at net asset value (NAV) for the 12 months ended July 31, 2024. The Fund significantly outperformed the Russell 1000 Growth Index, which returned 26.94%. • Top contributors to relative performance » Security selection in the consumer discretionary sector, led by an overweight to restaurant chain Chipotle Mexican Grill, as well as a lack of exposure to automotive firm Tesla, Inc. » Security selection in the information technology sector, led by overweights to enterprise software company ServiceNow, Inc. and software infrastructure firm Broadcom Inc. » An underweight to Apple Inc. • Top detractors from relative performance » An underweight to the communication services sector. » An overweight to medical technology firm Edwards Lifesciences Corp. » An overweight to medical device company IDEXX Laboratories.		Performance Attribution Consumer discretionary Information technology Apple Inc. Communication services Edwards Lifesciences Corp IDEXX Laboratories


	1		continued»

How did the Fund perform over the last 10 years?

Fund Performance (August 1, 2014 through July 31, 2024) Initial Investment of $10,000

Average Annual Total Returns


	1-Year			5-Year		10-Year
Class I Shares at NAV		32.26	%		17.16	%	15.67	%
Russell 1000^® Index		21.50			14.59		12.86
Russell 1000^® Growth Index		26.94			18.41		16.31
Lipper Large-Cap Growth Funds Classification Average		25.63			15.31		14.04


	2		continued»

Fund Statistics (as of July 31, 2024)


Fund net assets	$	943,786,728
Total number of portfolio holdings		42
Portfolio turnover (%)		56%
Total management fees paid for the year	$	5,367,716

What did the Fund invest in? (as of July 31, 2024)

How has the Fund changed?

•

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.


670725662_AR_0724 3824663-INV-Y-09/25 (A, C, R6, I)


	3

Item 2.

Code of Ethics.

As of the end of the period covered by this report, the registrant has adopted a code of ethics that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. There were no amendments to or waivers from the code during the period covered by this report. Upon request, a copy of the registrant's code of ethics is available without charge by calling 800-257-8787.

Item 3.

Audit Committee Financial Expert.

As of the end of the period covered by this report, the registrant's Board of Directors or Trustees ("Board") had determined that the registrant has at least one "audit committee financial expert" (as defined in Item 3 of Form N-CSR)serving on its Audit Committee. The members of the registrant's audit committee that have been designated as audit committee financial experts are Joseph A. Boateng, Albin F. Moschner, John K. Nelson, Loren M. Starr and Robert L. Young, who are "independent" for purposes of Item 3 of Form N-CSR.

Mr. Boateng has served as the Chief Investment Officer for Casey Family Programs since 2007. He was previously Director of U.S. Pension Plans for Johnson & Johnson from 2002-2006. Mr. Boateng is a board member of the Lumina Foundation and Waterside School, an emeritus board member of Year Up Puget Sound, member of the Investment Advisory Committee and former Chair for the Seattle City Employees' Retirement System, and an Investment Committee Member for The Seattle Foundation. Mr. Boateng previously served on the Board of Trustees for the College Retirement Equities Fund (2018-2023) and on the Management Committee for TIAA Separate Account VA-1(2019-2023).

Mr. Moschner is a consultant in the wireless industry and, in July 2012, founded Northcroft Partners, LLC, a management consulting firm that provides operational, management and governance solutions. Prior to founding Northcroft Partners, LLC, Mr. Moschner held various positions at Leap Wireless International, Inc., a provider of wireless services, where he was as a consultant from February 2011 to July 2012, Chief Operating Officer from July 2008 to February 2011, and Chief Marketing Officer from August 2004 to June 2008. Before he joined Leap Wireless International, Inc., Mr. Moschner was President of the Verizon Card Services division of Verizon Communications, Inc. from 2000 to 2003, and President of One Point Services at One Point Communications from 1999 to 2000. Mr. Moschner also served at Zenith Electronics Corporation as Director, President and Chief Executive Officer from 1995 to 1996, and as Director, President and Chief Operating Officer from 1994 to 1995.

Mr. Nelson formerly served on the Board of Directors of Core12, LLC from 2008 to 2023, a private firm which develops branding, marketing, and communications strategies for clients. Mr. Nelson has extensive experience in global banking and markets, having served in several senior executive positions with ABN AMRO Holdings N.V. and its affiliated entities and predecessors, including LaSalle Bank Corporation from 1996 to 2008, ultimately serving as Chief Executive Officer of ABN AMRO N.V. North America. During his tenure at the bank, he also served as Global Head of its Financial Markets Division, which encompassed the bank's Currency, Commodity, Fixed Income, Emerging Markets, and Derivatives businesses. He was a member of the Foreign Exchange Committee of the Federal Reserve Bank of the United States and during his tenure with ABN AMRO served as the bank's representative on various committees of The Bank of Canada, European Central Bank, and The Bank of England. Mr. Nelson previously served as a senior, external advisor to the financial services practice of Deloitte Consulting LLP. (2012-2014).

Mr. Starr was Vice Chair, Senior Managing Director from 2020 to 2021, and Chief Financial Officer, Senior Managing Director from 2005 to 2020, for Invesco Ltd. Mr. Starr is also a Director and member of the Audit Committee for AMG. He is former Chair and member of the Board of Directors, Georgia Leadership Institute for School Improvement (GLISI); former Chair and member of the Board of Trustees, Georgia Council on Economic Education (GCEE). Mr. Starr previously served on the Board of Trustees for the College Retirement Equities Fund and on the Management Committee for TIAA Separate Account VA-1(2022-2023).

Mr. Young has more than 30 years of experience in the investment management industry. From 1997 to 2017, he held various positions with J.P. Morgan Investment Management Inc. ("J.P. Morgan Investment") and its affiliates (collectively, "J.P. Morgan"). Most recently, he served as Chief Operating Officer and Director of J.P. Morgan Investment (from 2010 to 2016) and as President and Principal Executive Officer of the J.P. Morgan Funds (from 2013 to 2016). As Chief Operating Officer of J.P. Morgan Investment, Mr. Young led service, administration and business platform support activities for J.P. Morgan's domestic retail mutual fund and institutional commingled and separate account businesses and co-ledthese activities for J.P. Morgan's global retail and institutional

investment management businesses. As President of the J.P. Morgan Funds, Mr. Young interacted with various service providers to these funds, facilitated the relationship between such funds and their boards, and was directly involved in establishing board agendas, addressing regulatory matters, and establishing policies and procedures. Before joining J.P. Morgan, Mr. Young, a former Certified Public Accountant (CPA), was a Senior Manager (Audit) with Deloitte & Touche LLP (formerly, Touche Ross LLP), where he was employed from 1985 to 1996. During his tenure there, he actively participated in creating, and ultimately led, the firm's midwestern mutual fund practice.

Item 4.

Principal Accountant Fees and Services.

The following tables show the amount of fees that PricewaterhouseCoopers, the Funds' auditor, billed to the Funds during the Funds' last two full fiscal years. The Audit Committee approved in advance all audit services and non-auditservices that PricewaterhouseCoopers provided to the Funds, except for those non-auditservices that were subject to the pre-approvalexception under Rule 2-01of Regulation S-X(the "pre-approvalexception"). The pre-approvalexception for services provided directly to the Funds waives the pre-approvalrequirement for services other than audit, review or attest services if: (A) the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid by the Funds during the fiscal year in which the services are provided; (B) the Funds did not recognize the services as non-auditservices at the time of the engagement; and (C) the services are promptly brought to the Audit Committee's attention, and the Committee (or its delegate) approves the services before the audit is completed.

The Audit Committee has delegated certain pre-approvalresponsibilities to its Chair (or, in his absence, any other member of the Audit Committee).


Fiscal Year Ended July 31, 2024	Audit Fees Billed to Funds¹		Audit-Related Fees Billed to Funds²		Tax Fees Billed to Funds³	All Other Fees Billed to Funds⁴
Nuveen Dividend Growth Fund		$20,585		$0		$0	$0

Nuveen Global Dividend Growth Fund		$20,585		$0		$649	$0

Nuveen International Dividend Growth Fund		$20,585		$0		$839	$0

Nuveen International Small Cap Fund		$20,585		$0		$1,015	$0

Nuveen Winslow Large-CapGrowth ESG Fund		$20,585		$0		$2,500	$0

Total		$102,925		$0		$5,003	$0

1	"Audit Fees" are the aggregate fees billed for professional services for the audit of the Fund's annual financial statements and services provided in connection with statutory and regulatory filings or engagements.

2	"Audit-Related Fees" are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under "Audit Fees". These fees include offerings related to the Fund's common shares and leverage.

"Tax Fees" are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculations performed by the principal accountant.

4	"All Other Fees" are the aggregate fees billed for products and services other than "Audit Fees", "Audit-Related Fees" and "Tax Fees". These fees represent all "Agreed-Upon Procedures" engagements pertaining to the Fund's use of leverage.


Fiscal Year Ended July 31, 2024		Percentage Approved Pursuant to Pre-approval Exception
	Audit Fees Billed to Funds			Audit-Related Fees Billed to Funds	Tax Fees Billed to Funds	All Other Fees Billed to Funds
Nuveen Dividend Growth Fund			0%		0%		0%	0%

Nuveen Global Dividend Growth Fund			0%		0%		0%	0%

Nuveen International Dividend Growth Fund			0%		0%		0%	0%

Nuveen International Small Cap Fund			0%		0%		0%	0%

Nuveen Winslow Large-CapGrowth ESG Fund			0%		0%		0%	0%


Fiscal Year Ended July 31, 2023	Audit Fees Billed to Funds¹		Audit-Related Fees Billed to Funds²		Tax Fees Billed to Funds³	All Other Fees Billed to Funds⁴
Nuveen Dividend Growth Fund		$22,933		$0		$0	$0

Nuveen Global Dividend Growth Fund		$22,933		$0		$0	$0

Nuveen International Dividend Growth Fund		$22,933		$0		$2,000	$0

Nuveen International Small Cap Fund		$22,933		$0		$500	$0

Nuveen Winslow Large-CapGrowth ESG Fund		$22,933		$0		$2,500	$0

Total		$114,665		$0		$5,000	$0

1	"Audit Fees" are the aggregate fees billed for professional services for the audit of the Fund's annual financial statements and services provided in connection with statutory and regulatory filings or engagements.

2	"Audit-Related Fees" are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under "Audit Fees". These fees include offerings related to the Fund's common shares and leverage.

4	"All Other Fees" are the aggregate fees billed for products and services other than "Audit Fees", "Audit-Related Fees" and "Tax Fees". These fees represent all "Agreed-Upon Procedures" engagements pertaining to the Fund's use of leverage.


Fiscal Year Ended July 31, 2023		Percentage Approved Pursuant to Pre-approval Exception
	Audit Fees Billed to Funds			Audit-Related Fees Billed to Funds	Tax Fees Billed to Funds	All Other Fees Billed to Funds
Nuveen Dividend Growth Fund			0%		0%		0%	0%

Nuveen Global Dividend Growth Fund			0%		0%		0%	0%

Nuveen International Dividend Growth Fund			0%		0%		0%	0%

Nuveen International Small Cap Fund			0%		0%		0%	0%

Nuveen Winslow Large-CapGrowth ESG Fund			0%		0%		0%	0%


Fiscal Year Ended July 31, 2024		Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers			Tax Fees Billed to Adviser and Affiliated Fund Service Providers			All Other Fees Billed to Adviser and Affiliated Fund Service Providers
Nuveen Investment Trust II			$0				$0			$0

		Percentage Approved Pursuant to Pre-approvalException
	Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers			Tax Fees Billed to Adviser and Affiliated Fund Service Providers			All Other Fees Billed to Adviser and Affiliated Fund Service Providers
		0%				0%			0%


Fiscal Year Ended July 31, 2023		Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers			Tax Fees Billed to Adviser and Affiliated Fund Service Providers			All Other Fees Billed to Adviser and Affiliated Fund Service Providers
Nuveen Investment Trust II			$0				$0			$0

		Percentage Approved Pursuant to Pre-approvalException
	Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers			Tax Fees Billed to Adviser and Affiliated Fund Service Providers			All Other Fees Billed to Adviser and Affiliated Fund Service Providers
		0%				0%			0%


Fiscal Year Ended July 31, 2024	Total Non-Audit Fees Billed to Fund		Total Non-Audit Fees Billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Trust)		Total Non-Audit Fees Billed to Adviser and Affiliated Fund Service Providers (all other engagements)	Total
Nuveen Dividend Growth Fund		$0		$0		$0	$0

Nuveen Global Dividend Growth Fund		$649		$0		$0	$649

Nuveen International Dividend Growth Fund		$839		$0		$0	$839

Nuveen International Small Cap Fund		$1,015		$0		$0	$1,015

Nuveen Winslow Large-CapGrowth ESG Fund		$2,500		$0		$0	$2,500

Total		$5,003		$0		$0	$5,003

"Non-AuditFees billed to Fund" for both fiscal year ends represent "Tax Fees" and "All Other Fees" billed to Fund in their respective amounts from the previous table.

Less than 50 percent of the hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant's full-time, permanent employees.


Fiscal Year Ended July 31, 2023	Total Non-Audit Fees Billed to Fund		Total Non-Audit Fees Billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Trust)		Total Non-Audit Fees Billed to Adviser and Affiliated Fund Service Providers (all other engagements)	Total
Nuveen Dividend Growth Fund		$0		$0		$0	$0

Nuveen Global Dividend Growth Fund		$0		$0		$0	$0

Nuveen International Dividend Growth Fund		$2,000		$0		$0	$2,000

Nuveen International Small Cap Fund		$500		$0		$0	$500

Nuveen Winslow Large-CapGrowth ESG Fund		$2,500		$0		$0	$2,500


Fiscal Year Ended July 31, 2023	Total Non-Audit Fees Billed to Fund		Total Non-Audit Fees Billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Trust)		Total Non-Audit Fees Billed to Adviser and Affiliated Fund Service Providers (all other engagements)	Total
Total		$5,000		$0		$0	$5,000

"Non-AuditFees billed to Fund" for both fiscal year ends represent "Tax Fees" and "All Other Fees" billed to Fund in their respective amounts from the previous table.

Audit Committee Pre-ApprovalPolicies and Procedures. Generally, the Audit Committee must approve (i) all non-auditservices to be performed for the Funds by the Funds' independent accountant and (ii) all audit and non-auditservices to be performed by the Funds' independent accountant for the Affiliated Fund Service Providers with respect to the operations and financial reporting of the Funds. Regarding tax and research projects conducted by the independent accountant for the Funds and Affiliated Fund Service Providers (with respect to operations and financial reports of the Trust), such engagements will be (i) pre-approvedby the Audit Committee if they are expected to be for amounts greater than $10,000; (ii) reported to the Audit Committee Chair for his verbal approval prior to engagement if they are expected to be for amounts under $10,000 but greater than $5,000; and (iii) reported to the Audit Committee at the next Audit Committee meeting if they are expected to be for an amount under $5,000.

Item 4(i) and Item 4(j) are not applicable to the registrant.

Item 5.

Audit Committee of Listed Registrants.

Not applicable to this registrant.

Item 6.

Investments.

(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-EndManagement Investment Companies.

Item

Financial

Statements

and

Financial

Highlights

for

Open-End

Management

Investment

Companies

Report

Independent

Registered

Public

Accounting

Firm

the

Board

Trustees

Nuveen

Investment

Trust

and

Shareholders

Nuveen

Dividend

Growth

Fund,

Nuveen

Global

Dividend

Growth

Fund,

Nuveen

International

Dividend

Growth

Fund,

Nuveen

International

Small

Cap

Fund

and

Nuveen

Winslow

Large-Cap

Growth

ESG

Fund

Opinions

the

Financial

Statements

have

audited

the

accompanying

statements

assets

and

liabilities,

including

the

portfolios

investments,

Nuveen

Dividend

Growth

Fund,

Nuveen

Global

Dividend

Growth

Fund,

Nuveen

International

Dividend

Growth

Fund,

Nuveen

International

Small

Cap

Fund

and

Nuveen

Winslow

Large-Cap

Growth

ESG

Fund

(five

the

funds

constituting

Nuveen

Investment

Trust

II,

hereafter

collectively

referred

the

"Funds")

July

31,

2024,

the

statements

operations

for

the

year

ended

July

31,

2024,

the

statements

changes

net

assets

for

each

the

two

years

the

period

ended

July

31,

2024,

including

the

notes,

and

the

financial

highlights

for

each

the

five

years

the

period

ended

July

31,

2024

(collectively

referred

the

"financial

statements").

our

opinion,

the

financial

statements

present

fairly,

all

material

respects,

the

financial

position

each

the

Funds

July

31,

2024,

the

results

each

their

operations

for

the

year

then

ended,

the

changes

each

their

net

assets

for

each

the

two

years

the

period

ended

July

31,

2024

and

each

the

financial

highlights

for

each

the

five

years

the

period

ended

July

31,

2024

conformity

with

accounting

principles

generally

accepted

the

United

States

America.

Basis

for

Opinions

These

financial

statements

are

the

responsibility

the

Funds'

management.

Our

responsibility

express

opinion

the

Funds'

financial

statements

based

our

audits.

are

public

accounting

firm

registered

with

the

Public

Company

Accounting

Oversight

Board

(United

States)

(PCAOB)

and

are

required

independent

with

respect

the

Funds

accordance

with

the

U.S.

federal

securities

laws

and

the

applicable

rules

and

regulations

the

Securities

and

Exchange

Commission

and

the

PCAOB.

conducted

our

audits

these

financial

statements

accordance

with

the

standards

the

PCAOB.

Those

standards

require

that

plan

and

perform

the

audit

obtain

reasonable

assurance

about

whether

the

financial

statements

are

free

material

misstatement,

whether

due

error

fraud.

Our

audits

included

performing

procedures

assess

the

risks

material

misstatement

the

financial

statements,

whether

due

error

fraud,

and

performing

procedures

that

respond

those

risks.

Such

procedures

included

examining,

test

basis,

evidence

regarding

the

amounts

and

disclosures

the

financial

statements.

Our

audits

also

included

evaluating

the

accounting

principles

used

and

significant

estimates

made

management,

well

evaluating

the

overall

presentation

the

financial

statements.

Our

procedures

included

confirmation

securities

owned

July

31,

2024

correspondence

with

the

custodian

and

brokers;

when

replies

were

not

received

from

brokers,

performed

other

auditing

procedures.

believe

that

our

audits

provide

reasonable

basis

for

our

opinions.

/s/

PricewaterhouseCoopers

LLP

Chicago,

Illinois

September 26,

2024

have

served

the

auditor

one

investment

companies

Nuveen

Funds

since

2002.

Nuveen

Dividend

Growth

Fund

Portfolio

Investments

July

31,

2024

Description

(a)

Value

LONG-TERM

INVESTMENTS

99.3%

COMMON

STOCKS

6,306,970,058

BANKS

3.3%

998,935

JPMorgan

Chase

212,573,368

TOTAL

BANKS

212,573,368

CAPITAL

GOODS

6.7%

439,630

Eaton

Corp

PLC

133,994,828

513,024

Honeywell

International

Inc

105,041,664

148,488

Northrop

Grumman

Corp

71,915,708

345,901

Trane

Technologies

PLC

115,627,786

TOTAL

CAPITAL

GOODS

426,579,986

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

4.2%

535,964

Lowe's

Cos

Inc

131,584,522

1,172,578

TJX

Cos

Inc/The

132,524,765

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

264,109,287

CONSUMER

SERVICES

3.3%

567,236

McDonald's

Corp

150,544,435

764,616

Starbucks

Corp

59,601,817

TOTAL

CONSUMER

SERVICES

210,146,252

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

2.1%

1,958,504

Walmart

Inc

134,431,715

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

134,431,715

ENERGY

4.4%

829,877

Chevron

Corp

133,170,362

1,223,113

Exxon

Mobil

Corp

145,048,971

TOTAL

ENERGY

278,219,333

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

4.8%

683,625

American

Tower

Corp

150,670,950

1,239,301

Prologis

Inc

156,213,891

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

306,884,841

FINANCIAL

SERVICES

9.3%

686,788

American

Express

173,784,835

1,936,421

Charles

Schwab

Corp/The

126,235,285

343,516

Mastercard

Inc,

Class

159,291,804

274,235

S&P

Global

Inc

132,929,932

TOTAL

FINANCIAL

SERVICES

592,241,856

FOOD,

BEVERAGE

TOBACCO

4.9%

1,392,236

Mondelez

International

Inc,

Class

95,159,331

554,827

PepsiCo

Inc

95,801,978

1,064,607

Philip

Morris

International

Inc

122,600,142

TOTAL

FOOD,

BEVERAGE

TOBACCO

313,561,451

HEALTH

CARE

EQUIPMENT

SERVICES

7.5%

1,265,806

Abbott

Laboratories

134,099,488

247,204

Elevance

Health

Inc

131,519,944

365,576

UnitedHealth

Group

Inc

210,630,268

TOTAL

HEALTH

CARE

EQUIPMENT

SERVICES

476,249,700

Nuveen

Dividend

Growth

Fund

(continued)

Portfolio

Investments

July

31,

2024

Description

(a)

Value

INSURANCE

2.3%

664,888

Marsh

McLennan

Cos

Inc

147,984,122

TOTAL

INSURANCE

147,984,122

MATERIALS

4.5%

426,811

Linde

PLC

193,558,789

447,867

Packaging

Corp

America

89,515,177

TOTAL

MATERIALS

283,073,966

MEDIA

ENTERTAINMENT

2.0%

3,094,457

Comcast

Corp,

Class

127,708,240

TOTAL

MEDIA

ENTERTAINMENT

127,708,240

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

4.7%

837,914

AbbVie

Inc

155,282,223

786,502

Zoetis

Inc

141,601,820

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

296,884,043

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

7.6%

1,711,680

Broadcom

Inc

275,032,743

849,049

Taiwan

Semiconductor

Manufacturing

Ltd,

Sponsored

ADR

233,446

TOTAL

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

233,446

SOFTWARE

SERVICES

4.5%

1,140

SAP

241,019

TOTAL

SOFTWARE

SERVICES

241,019

TELECOMMUNICATION

SERVICES

6.1%

89,400

HKT

Trust

HKT

Ltd

108,278

4,900

KDDI

Corp

147,441

72,653

Vodafone

Group

PLC

67,985

TOTAL

TELECOMMUNICATION

SERVICES

323,704

TRANSPORTATION

2.4%

1,118

Canadian

National

Railway

129,425

TOTAL

TRANSPORTATION

129,425

UTILITIES

5.1%

26,970

Snam

SpA

128,880

4,620

Veolia

Environnement

145,131

TOTAL

UTILITIES

274,011

TOTAL

COMMON

STOCKS

(cost

$3,807,253)

5,189,605

TOTAL

LONG-TERM

INVESTMENTS

(cost

$3,807,253)

5,189,605

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

2.4%

REPURCHASE

AGREEMENTS

125,000

125

(b)

Fixed

Income

Clearing

Corporation

5.290%

8/01/24

125,000

TOTAL

REPURCHASE

AGREEMENTS

(cost

$125,000)

125,000

TOTAL

SHORT-TERM

INVESTMENTS

(cost

$125,000)

125,000

TOTAL

INVESTMENTS

(cost

3,932,253

)

5,314,605

OTHER

ASSETS

LIABILITIES,

NET

- 0.2%

11,338

NET

ASSETS

100%

5,325,943

For

Fund

portfolio

compliance

purposes,

the

Fund's

industry

classifications

refer

any

one

the

industry

sub-classifications

used

one

widely

recognized

market

indexes

ratings

group

indexes,

and/or

defined

Fund

management.

This

definition

may

not

apply

for

purposes

this

report,

which

may

combine

industry

sub-classifications

into

sectors

for

reporting

ease.

(a)

All

percentages

shown

the

Portfolio

Investments

are

based

net

assets.

(b)

Agreement

with

Fixed

Income

Clearing

Corporation,

5.290%

dated

7/31/24

repurchased

$125,018

8/1/24,

collateralized

Government

Agency

Securities,

with

coupon

rate

4.500%

and

maturity

date

2/15/44,

valued

$127,622.

ADR

American

Depositary

Receipt

REIT

Real

Estate

Investment

Trust

See

Notes

Financial

Statements

Nuveen

International

Small

Cap

Fund

Portfolio

Investments

July

31,

2024

Description

(a)

Value

LONG-TERM

INVESTMENTS

98.5%

COMMON

STOCKS

52,916,794

AUTOMOBILES

COMPONENTS

0.7%

34,146

Brembo

383,060

TOTAL

AUTOMOBILES

COMPONENTS

383,060

BANKS

4.2%

13,777

(b)

BAWAG

Group

1,006,134

70,300

Chiba

Bank

Ltd/The

658,533

96,200

Concordia

Financial

Group

Ltd

606,301

TOTAL

BANKS

2,270,968

CAPITAL

GOODS

19.2%

70,900

Amada

Ltd

832,644

59,406

Bodycote

PLC

531,367

1,028

Burckhardt

Compression

Holding

716,260

42,120

Grafton

Group

PLC

586,786

29,104

IMI

PLC

708,884

3,213

Kardex

Holding

978,487

13,092

Konecranes

Oyj

914,519

12,273

Kongsberg

Gruppen

ASA

1,234,107

31,200

Nabtesco

Corp

617,663

22,600

Nichias

Corp

703,965

65,219

GROUP

PLC

685,178

20,691

(b)

Signify

512,193

6,648

Toromont

Industries

Ltd

618,262

18,848

Trelleborg

700,440

TOTAL

CAPITAL

GOODS

10,340,755

COMMERCIAL

PROFESSIONAL

SERVICES

4.3%

8,320

Arcadis

594,224

26,589

Elis

614,880

53,200

(c)

Park24

Ltd

569,164

13,466

SPIE

520,527

TOTAL

COMMERCIAL

PROFESSIONAL

SERVICES

2,298,795

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

6.7%

28,200

Adastria

Ltd

627,715

39,300

ASKUL

Corp

555,417

74,953

Inchcape

PLC

815,147

19,650

PALTAC

Corp

602,790

814,000

(b)

Topsports

International

Holdings

Ltd

362,572

35,921

Smith

PLC

611,194

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

3,574,835

CONSUMER

DURABLES

APPAREL

1.1%

22,492

Store

Nord

591,027

TOTAL

CONSUMER

DURABLES

APPAREL

591,027

CONSUMER

SERVICES

3.2%

103,778

Collins

Foods

Ltd

623,655

14,174

Greggs

PLC

570,809

32,700

Resorttrust

Inc

551,969

TOTAL

CONSUMER

SERVICES

1,746,433

Description

(a)

Value

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

1.0%

18,500

Sundrug

Ltd

513,752

TOTAL

CONSUMER

STAPLES

DISTRIBUTION

RETAIL

513,752

ENERGY

4.8%

3,120

Chord

Energy

Corp

535,624

170,553

Harbour

Energy

PLC

685,979

150,482

(c),(d)

Kelt

Exploration

Ltd

659,411

44,410

(c)

Vallourec

SACA

718,049

TOTAL

ENERGY

2,599,063

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

7.8%

11,199

Aedifica

711,838

59,946

Charter

Hall

Group

500,605

615,006

HomeCo

Daily

Needs

REIT

512,536

51,138

Killam

Apartment

Real

Estate

Investment

Trust

686,334

238,850

LondonMetric

Property

PLC

617,541

364,759

National

Storage

REIT

591,938

259,860

Tritax

Big

Box

REIT

PLC

552,351

TOTAL

EQUITY

REAL

ESTATE

INVESTMENT

TRUSTS

(REITS)

4,173,143

FINANCIAL

SERVICES

3.7%

59,265

Banca

Mediolanum

SpA

699,700

56,293

(b)

BFF

Bank

SpA

636,316

53,472

Group

Holdings

PLC

645,766

TOTAL

FINANCIAL

SERVICES

1,981,782

FOOD,

BEVERAGE

TOBACCO

3.6%

22,831

Britvic

PLC

372,838

40,100

Morinaga

Milk

Industry

Ltd

962,333

22,400

Nichirei

Corp

590,638

TOTAL

FOOD,

BEVERAGE

TOBACCO

1,925,809

HEALTH

CARE

EQUIPMENT

SERVICES

3.2%

12,867

CompuGroup

Medical

KgaA

223,154

143,866

(b)

ConvaTec

Group

PLC

433,465

23,180

(c)

Inmode

Ltd

420,021

43,500

Ship

Healthcare

Holdings

Inc

664,011

TOTAL

HEALTH

CARE

EQUIPMENT

SERVICES

1,740,651

HOUSEHOLD

PERSONAL

PRODUCTS

1.0%

58,300

Pola

Orbis

Holdings

Inc

549,823

TOTAL

HOUSEHOLD

PERSONAL

PRODUCTS

549,823

INSURANCE

2.6%

10,575

ASR

Nederland

531,311

84,464

Storebrand

ASA

847,762

TOTAL

INSURANCE

1,379,073

MATERIALS

8.2%

20,160

Alamos

Gold

Inc,

Class

343,581

33,835

Dundee

Precious

Metals

Inc

285,992

33,754

Hudbay

Minerals

Inc

281,640

11,322

Labrador

Iron

Ore

Royalty

Corp

251,591

58,674

(c)

Lynas

Rare

Earths

Ltd

239,884

35,400

Mitsubishi

Gas

Chemical

Inc

669,238

21,900

Nippon

Light

Metal

Holdings

Ltd

257,392

16,668

Pan

American

Silver

Corp

383,183

24,700

Sumitomo

Osaka

Cement

Ltd

695,486

Nuveen

International

Small

Cap

Fund

(continued)

Portfolio

Investments

July

31,

2024

Description

(a)

Value

MATERIALS

(continued)

50,700

Tosoh

Corp

689,688

10,300

UACJ

Corp

293,265

TOTAL

MATERIALS

4,390,940

MEDIA

ENTERTAINMENT

2.8%

24,887

CAR

Group

Ltd

569,178

10,421

CTS

Eventim

KGaA

917,921

TOTAL

MEDIA

ENTERTAINMENT

1,487,099

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

1.2%

6,031

Gerresheimer

623,529

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

623,529

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

2.6%

44,384

Savills

PLC

728,058

46,008

TAG

Immobilien

693,144

TOTAL

REAL

ESTATE

MANAGEMENT

DEVELOPMENT

1,421,202

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

1.4%

44,300

SUMCO

Corp

728,309

TOTAL

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

728,309

SOFTWARE

SERVICES

8.1%

26,000

BIPROGY

Inc

851,982

3,918

(c)

Kinaxis

Inc

482,028

37,100

NET

One

Systems

Ltd

749,652

305,876

(b),(c)

Sinch

829,055

3,897

Sopra

Steria

Group

722,329

33,500

TIS

Inc

717,618

TOTAL

SOFTWARE

SERVICES

4,352,664

TECHNOLOGY

HARDWARE

EQUIPMENT

1.4%

1,870

Comet

Holding

749,273

TOTAL

TECHNOLOGY

HARDWARE

EQUIPMENT

749,273

TRANSPORTATION

2.1%

2,048,000

Pacific

Basin

Shipping

Ltd

614,927

15,600

Sankyu

Inc

532,862

TOTAL

TRANSPORTATION

1,147,789

UTILITIES

3.6%

20,841

Capital

Power

Corp

644,106

97,716

Drax

Group

PLC

817,357

84,008

Superior

Plus

Corp

485,557

TOTAL

UTILITIES

1,947,020

TOTAL

COMMON

STOCKS

(cost

$47,156,774)

52,916,794

TOTAL

LONG-TERM

INVESTMENTS

(cost

$47,156,774)

52,916,794

Description

(a)

Coupon

Value

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

0.1%

37,089

(e)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

5.310%(f)

37,089

TOTAL

INVESTMENTS

PURCHASED

WITH

COLLATERAL

FROM

SECURITIES

LENDING

(cost

$37,089)

37,089

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

1.4%

REPURCHASE

AGREEMENTS

750,000

750

(g)

Fixed

Income

Clearing

Corporation

5.290%

8/01/24

750,000

TOTAL

REPURCHASE

AGREEMENTS

(cost

$750,000)

750,000

TOTAL

SHORT-TERM

INVESTMENTS

(cost

$750,000)

750,000

TOTAL

INVESTMENTS

(cost

47,943,863

)

100

53,703,883

OTHER

ASSETS

LIABILITIES,

NET

- 0.0%

14,506

NET

ASSETS

100%

53,718,389

For

Fund

portfolio

compliance

purposes,

the

Fund's

industry

classifications

refer

any

one

the

industry

sub-classifications

used

one

widely

recognized

market

indexes

ratings

group

indexes,

and/or

defined

Fund

management.

This

definition

may

not

apply

for

purposes

this

report,

which

may

combine

industry

sub-classifications

into

sectors

for

reporting

ease.

(a)

All

percentages

shown

the

Portfolio

Investments

are

based

net

assets.

(b)

Security

exempt

from

registration

under

Rule

144A

the

Securities

Act

1933,

amended.

These

securities

are

deemed

liquid

and

may

resold

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

the

end

the

reporting

period,

the

aggregate

value

these

securities

$3,779,735

7.0%

Total

Investments.

(c)

Non-income

producing;

issuer

has

not

declared

ex-dividend

date

within

the

past

twelve

months.

(d)

Investment,

portion

investment,

out

loan

for

securities

lending.

The

total

value

the

securities

out

loan

the

end

the

reporting

period

was

$36,383.

(e)

The

Fund

may

loan

securities

representing

one

third

the

value

its

total

assets

(which

includes

collateral

for

securities

loan)

broker

dealers,

banks,

and

other

institutions.

The

collateral

maintained

the

Fund

shall

have

value,

the

inception

each

loan,

equal

not

less

than

100%

the

value

the

loaned

securities.

The

cash

collateral

received

the

Fund

invested

this

money

market

fund.

(f)

The

rate

shown

the

one-day

yield

the

end

the

reporting

period.

(g)

Agreement

with

Fixed

Income

Clearing

Corporation,

5.290%

dated

7/31/24

repurchased

$750,110

8/1/24,

collateralized

Government

Agency

Securities,

with

coupon

rate

4.750%

and

maturity

date

11/15/43,

valued

$765,109.

REIT

Real

Estate

Investment

Trust

See

Notes

Financial

Statements

Nuveen

Winslow

Large-Cap

Growth

ESG

Fund

Portfolio

Investments

July

31,

2024

Description

(a)

Value

LONG-TERM

INVESTMENTS

99.3%

COMMON

STOCKS

937,084,988

CAPITAL

GOODS

7.0%

59,400

AMETEK

Inc

10,304,712

66,120

Ferguson

PLC

14,721,618

94,000

General

Electric

15,998,800

74,310

Trane

Technologies

PLC

24,840,347

TOTAL

CAPITAL

GOODS

65,865,477

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

12.5%

436,380

(b)

Amazon.com

Inc

81,594,332

28,000

Home

Depot

Inc/The

10,308,480

8,550

(b)

MercadoLibre

Inc

14,269,095

10,070

(b)

O'Reilly

Automotive

Inc

11,342,244

TOTAL

CONSUMER

DISCRETIONARY

DISTRIBUTION

RETAIL

117,514,151

CONSUMER

SERVICES

3.3%

1,230

Booking

Holdings

Inc

4,569,462

312,650

(b)

Chipotle

Mexican

Grill

Inc

16,983,148

43,310

Hilton

Worldwide

Holdings

Inc

9,297,358

TOTAL

CONSUMER

SERVICES

30,849,968

FINANCIAL

SERVICES

5.0%

159,800

KKR

Inc

19,727,310

31,766

Mastercard

Inc,

Class

14,730,212

49,061

Visa

Inc,

Class

13,034,036

TOTAL

FINANCIAL

SERVICES

47,491,558

HEALTH

CARE

EQUIPMENT

SERVICES

6.9%

101,070

Abbott

Laboratories

10,707,356

116,670

(b)

Boston

Scientific

Corp

8,619,580

56,255

(b)

Intuitive

Surgical

Inc

25,011,535

31,900

Stryker

Corp

10,445,655

18,583

UnitedHealth

Group

Inc

10,706,781

TOTAL

HEALTH

CARE

EQUIPMENT

SERVICES

65,490,907

MATERIALS

1.6%

40,300

Ecolab

Inc

9,296,807

22,000

Vulcan

Materials

6,039,220

TOTAL

MATERIALS

15,336,027

MEDIA

ENTERTAINMENT

9.7%

209,440

Alphabet

Inc,

Class

35,927,338

191,060

Alphabet

Inc,

Class

33,082,039

64,500

(b)

Spotify

Technology

22,184,130

TOTAL

MEDIA

ENTERTAINMENT

91,193,507

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

1.8%

21,590

Eli

Lilly

17,364,189

TOTAL

PHARMACEUTICALS,

BIOTECHNOLOGY

LIFE

SCIENCES

17,364,189

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

19.8%

50,450

(b)

Advanced

Micro

Devices

Inc

7,289,016

27,193

ASML

Holding

25,471,683

215,700

Broadcom

Inc

34,658,676

32,430

Lam

Research

Corp

29,875,813

Description

(a)

Value

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

(continued)

764,410

NVIDIA

Corp

89,451,258

TOTAL

SEMICONDUCTORS

SEMICONDUCTOR

EQUIPMENT

186,746,446

SOFTWARE

SERVICES

23.1%

35,420

(b)

Adobe

Inc

19,539,443

8,460

(b)

Fair

Isaac

Corp

13,536,000

31,080

Intuit

Inc

20,119,638

276,452

Microsoft

Corp

115,653,694

38,280

Salesforce

Inc

9,906,864

19,100

(b)

ServiceNow

Inc

15,554,849

18,600

(b)

Synopsys

Inc

10,384,752

60,290

(b)

Workday

Inc,

Class

13,693,065

TOTAL

SOFTWARE

SERVICES

218,388,305

TECHNOLOGY

HARDWARE

EQUIPMENT

6.7%

283,910

Apple

Inc

63,050,733

TOTAL

TECHNOLOGY

HARDWARE

EQUIPMENT

63,050,733

TRANSPORTATION

1.9%

276,000

(b)

Uber

Technologies

Inc

17,793,720

TOTAL

TRANSPORTATION

17,793,720

TOTAL

COMMON

STOCKS

(cost

$545,497,331)

937,084,988

TOTAL

LONG-TERM

INVESTMENTS

(cost

$545,497,331)

937,084,988

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

SHORT-TERM

INVESTMENTS

0.9%

REPURCHASE

AGREEMENTS

8,534,221

8,250

(c)

Fixed

Income

Clearing

Corporation

5.290%

8/01/24

8,250,000

284

(d)

Fixed

Income

Clearing

Corporation

1.600%

8/01/24

284,221

TOTAL

REPURCHASE

AGREEMENTS

(cost

$8,534,221)

8,534,221

TOTAL

SHORT-TERM

INVESTMENTS

(cost

$8,534,221)

8,534,221

TOTAL

INVESTMENTS

(cost

554,031,552

)

100

945,619,209

OTHER

ASSETS

LIABILITIES,

NET

- (0.2)%

(

1,832,481

)

NET

ASSETS

100%

943,786,728

For

Fund

portfolio

compliance

purposes,

the

Fund's

industry

classifications

refer

any

one

the

industry

sub-classifications

used

one

widely

recognized

market

indexes

ratings

group

indexes,

and/or

defined

Fund

management.

This

definition

may

not

apply

for

purposes

this

report,

which

may

combine

industry

sub-classifications

into

sectors

for

reporting

ease.

(a)

All

percentages

shown

the

Portfolio

Investments

are

based

net

assets.

(b)

Non-income

producing;

issuer

has

not

declared

ex-dividend

date

within

the

past

twelve

months.

(c)

Agreement

with

Fixed

Income

Clearing

Corporation,

5.290%

dated

7/31/24

repurchased

$8,251,212

8/1/24,

collateralized

Government

Agency

Securities,

with

coupon

rate

4.375%

and

maturity

date

8/15/43,

valued

$8,415,187.

(d)

Agreement

with

Fixed

Income

Clearing

Corporation,

1.600%

dated

7/31/24

repurchased

$284,234

8/1/24,

collateralized

Government

Agency

Securities,

with

coupon

rate

4.875%

and

maturity

date

5/31/26,

valued

$290,039.

See

Notes

Financial

Statements

Statement

Assets

and

Liabilities

See

Notes

Financial

Statements

July

31,

2024

Dividend

Growth

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

Winslow

Large-

Cap

Growth

ESG

ASSETS

Long-term

investments,

value

†‡

6,306,970,058‌

19,125,282‌

5,189,605‌

52,916,794‌

937,084,988‌

Investments

purchased

with

collateral

from

securities

lending,

value

(cost

approximates

value)

-‌

37,089‌

-‌

Short-term

investments,

value

◊

64,543,644‌

375,000‌

125,000‌

750,000‌

8,534,221‌

Cash

-‌

26,444‌

24,659‌

32,780‌

-‌

Cash

denominated

foreign

currencies

-‌

7,891‌

-‌

Receivables:

Dividends

5,374,354‌

18,280‌

4,685‌

56,527‌

114,538‌

Interest

9,280‌

55‌

18‌

174‌

1,225‌

Investments

sold

-‌

5,305,075‌

Reclaims

-‌

5,818‌

2,559‌

48,171‌

-‌

Reimbursement

from

Adviser

14,830‌

10,365‌

10,905‌

23,297‌

111,958‌

sold

1,407,765‌

274‌

100‌

41,887‌

1,334,205‌

Other

295,643‌

34,050‌

18,703‌

34,834‌

99,404‌

Total

assets

6,378,615,574‌

19,595,568‌

5,376,234‌

53,949,444‌

952,585,614‌

LIABILITIES

Payables:

Management

fees

3,185,659‌

11,606‌

3,185‌

38,174‌

516,211‌

Collateral

from

securities

lending

-‌

37,089‌

-‌

Interest

568‌

1‌

-‌

67‌

Investments

purchased

regular

settlement

-‌

13‌

7,590,757‌

redeemed

21,531,186‌

-‌

18,989‌

64,623‌

179,170‌

Accrued

expenses:

Custodian

fees

262,129‌

22,894‌

22,539‌

63,131‌

48,319‌

Trustees

fees

304,940‌

411‌

103‌

1,226‌

68,823‌

Professional

fees

87,499‌

6,512‌

3,503‌

18,050‌

25,548‌

Shareholder

reporting

expenses

78,412‌

649‌

-‌

1,173‌

24,817‌

Shareholder

servicing

agent

fees

501,721‌

3,168‌

1,044‌

7,356‌

283,333‌

12b-1

distribution

and

service

fees

397,163‌

2,335‌

669‌

163‌

61,645‌

Other

504‌

265‌

259‌

57‌

196‌

Total

liabilities

26,349,781‌

47,841‌

50,291‌

231,055‌

8,798,886‌

Net

assets

6,352,265,793‌

19,547,727‌

5,325,943‌

53,718,389‌

943,786,728‌

NET

ASSETS

CONSIST

OF:

Paid-in

capital

3,013,883,944‌

10,510,455‌

3,981,676‌

53,354,800‌

465,569,652‌

Total

distributable

earnings

(loss)

3,338,381,849‌

9,037,272‌

1,344,267‌

363,589‌

478,217,076‌

Net

assets

6,352,265,793‌

19,547,727‌

5,325,943‌

53,718,389‌

943,786,728‌

†

Long-term

investments,

cost

3,201,312,985‌

10,946,526‌

3,807,253‌

47,156,774‌

545,497,331‌

◊

Short-term

investments,

cost

64,543,644‌

375,000‌

125,000‌

750,000‌

8,534,221‌

‡

Includes

securities

loaned

-‌

36,383‌

-‌

Cash

denominated

foreign

currencies,

cost

-‌

7,864‌

-‌

Statement

Assets

and

Liabilities

(continued)

See

Notes

Financial

Statements

Dividend

Growth

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

Winslow

Large-

Cap

Growth

ESG

CLASS

Net

assets

1,121,499,004‌

8,930,485‌

2,568,001‌

571,621‌

235,750,982‌

outstanding

17,973,011‌

249,227‌

85,880‌

25,242‌

3,978,315‌

Net

asset

value

("NAV")

per

62.40‌

35.83‌

29.90‌

22.65‌

59.26‌

Maximum

sales

charge

5.75%

Offering

price

per

(NAV

per

plus

maximum

sales

charge)

66.21‌

38.02‌

31.72‌

24.03‌

62.88‌

CLASS

Net

assets

194,805,712‌

532,262‌

105,038‌

57,223‌

12,085,996‌

outstanding

3,123,871‌

14,909‌

3,561‌

2,596‌

267,510‌

NAV

and

offering

price

per

62.36‌

35.70‌

29.49‌

22.04‌

45.18‌

CLASS

R6:

Net

assets

2,518,257,471‌

-‌

40,193,912‌

157,609,601‌

outstanding

39,953,228‌

-‌

1,761,860‌

2,411,133‌

NAV

and

offering

price

per

63.03‌

-‌

22.81‌

65.37‌

CLASS

Net

assets

2,517,703,606‌

10,084,980‌

2,652,904‌

12,895,633‌

538,340,149‌

outstanding

40,408,213‌

281,568‌

88,625‌

566,474‌

8,478,977‌

NAV

and

offering

price

per

62.31‌

35.82‌

29.93‌

22.76‌

63.49‌

Authorized

per

class

Unlimited

Par

value

per

0.01

Statement

Operations

See

Notes

Financial

Statements

Year

Ended

July

31,

2024

Dividend

Growth

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

Winslow

Large-Cap

Growth

ESG

INVESTMENT

INCOME

Affiliated

income

288,343

961

158

19,227

100,411

Dividends

115,255,207

454,753

173,463

1,880,602

4,356,490

Interest

3,456,914

17,286

5,692

30,450

349,358

Securities

lending

income,

net

358

167

9,182

Tax

withheld

(161,834

)

(23,959

)

(16,385

)

(175,811

)

(36,682

)

Total

investment

income

118,838,630

449,399

163,095

1,763,650

4,769,577

EXPENSES

Management

fees

35,682,790

133,439

35,594

531,378

5,367,716

12b-1

service

fees

Class

2,515,347

21,607

5,752

2,255

518,345

12b-1

distribution

and

service

fees

Class

2,082,765

5,423

2,511

528

113,796

Shareholder

servicing

agent

fees

Class

526,951

5,771

1,898

1,202

303,023

Shareholder

servicing

agent

fees

Class

109,209

361

207

16,636

Shareholder

servicing

agent

fees

Class

69,750

2,005

11,719

Shareholder

servicing

agent

fees

Class

1,235,722

6,415

2,034

27,444

723,696

Interest

expense

32,588

2,188

1,094

Trustees

fees

223,674

697

186

2,249

31,563

Custodian

expenses

354,560

36,467

36,416

112,206

64,455

Registration

fees

101,225

46,442

48,525

61,707

70,368

Professional

fees

297,269

47,195

44,510

70,421

96,211

Shareholder

reporting

expenses

231,316

11,933

8,745

13,312

87,261

Other

89,401

8,471

8,138

9,587

50,259

Total

expenses

before

fee

waiver/expense

reimbursement

43,552,567

324,237

194,526

836,551

7,456,142

Fee

waiver/expense

reimbursement

(128,020

)

(141,294

)

(296,673

)

(1,502,494

)

Net

expenses

43,552,567

196,217

53,232

539,878

5,953,648

Net

investment

income

(loss)

75,286,063

253,182

109,863

1,223,772

(1,184,071

)

REALIZED

AND

UNREALIZED

GAIN

(LOSS)

Realized

gain

(loss)

from:

Investments

279,861,656

1,068,971

163,557

(2,491,055

)

100,607,413

Foreign

currency

transactions

(413

)

(262

)

(28,108

)

Net

realized

gain

(loss)

279,861,656

1,068,558

163,295

(2,519,163

)

100,607,413

Change

unrealized

appreciation

(depreciation)

on:

Investments

636,382,860

1,421,342

209,030

3,915,300

134,804,334

Foreign

currency

translations

(103

)

1,270

Net

change

unrealized

appreciation

(depreciation)

636,382,860

1,421,239

209,093

3,916,570

134,804,334

Net

realized

and

unrealized

gain

(loss)

916,244,516

2,489,797

372,388

1,397,407

235,411,747

Net

increase

(decrease)

net

assets

from

operations

991,530,579

2,742,979

482,251

2,621,179

234,227,676

Statement

Changes

Net

Assets

See

Notes

Financial

Statements

Dividend

Growth

Global

Dividend

Growth

Year

Ended

7/31/24

Year

Ended

7/31/23

Year

Ended

7/31/24

Year

Ended

7/31/23

OPERATIONS

Net

investment

income

(loss)

75,286,063‌

76,968,692‌

253,182‌

280,870‌

Net

realized

gain

(loss)

279,861,656‌

95,262,290‌

1,068,558‌

28,647‌

Net

change

unrealized

appreciation

(depreciation)

636,382,860‌

378,134,850‌

1,421,239‌

1,317,987‌

Net

increase

(decrease)

net

assets

from

operations

991,530,579‌

550,365,832‌

2,742,979‌

1,627,504‌

DISTRIBUTIONS

SHAREHOLDERS

Dividends:

Class

(

27,388,228‌

)

(

31,405,027‌

)

(

117,711‌

)

(

325,101‌

)

Class

(

4,276,603‌

)

(

7,156,110‌

)

(

3,454‌

)

(

21,890‌

)

Class

(

73,238,588‌

)

(

79,679,640‌

)

-‌

Class

(

70,752,876‌

)

(

82,990,316‌

)

(

155,585‌

)

(

396,234‌

)

Total

distributions

(

175,656,295‌

)

(

201,231,093‌

)

(

276,750‌

)

(

743,225‌

)

FUND

TRANSACTIONS

Subscriptions

606,180,146‌

834,970,462‌

1,891,036‌

2,610,143‌

Reinvestments

distributions

140,109,969‌

158,046,763‌

251,664‌

684,253‌

Redemptions

(

1,219,481,290‌

)

(

1,297,498,513‌

)

(

4,779,140‌

)

(

3,564,245‌

)

Net

increase

(decrease)

from

Fund

transactions

(

473,191,175‌

)

(

304,481,288‌

)

(

2,636,440‌

)

(

269,849‌

)

Net

increase

(decrease)

net

assets

342,683,109‌

44,653,451‌

(

170,211‌

)

614,430‌

Net

assets

the

beginning

period

6,009,582,684‌

5,964,929,233‌

19,717,938‌

19,103,508‌

Net

assets

the

end

period

6,352,265,793‌

6,009,582,684‌

19,547,727‌

19,717,938‌

See

Notes

Financial

Statements

Statement

Changes

Net

Assets

(continued)

International

Dividend

Growth

International

Small

Cap

Year

Ended

7/31/24

Year

Ended

7/31/23

Year

Ended

7/31/24

Year

Ended

7/31/23

OPERATIONS

Net

investment

income

(loss)

109,863‌

87,406‌

1,223,772‌

973,320‌

Net

realized

gain

(loss)

163,295‌

43,002‌

(

2,519,163‌

)

(

2,651,001‌

)

Net

change

unrealized

appreciation

(depreciation)

209,093‌

194,064‌

3,916,570‌

5,460,735‌

Net

increase

(decrease)

net

assets

from

operations

482,251‌

324,472‌

2,621,179‌

3,783,054‌

DISTRIBUTIONS

SHAREHOLDERS

Dividends:

Class

(

63,168‌

)

(

60,868‌

)

(

18,040‌

)

-‌

Class

(

4,629‌

)

(

4,300‌

)

(

405‌

)

-‌

Class

-‌

(

749,793‌

)

(

58,110‌

)

Class

(

73,948‌

)

(

64,279‌

)

(

391,397‌

)

(

24,766‌

)

Total

distributions

(

141,745‌

)

(

129,447‌

)

(

1,159,635‌

)

(

82,876‌

)

FUND

TRANSACTIONS

Subscriptions

559,167‌

1,160,086‌

4,378,098‌

17,841,986‌

Reinvestments

distributions

101,377‌

86,469‌

554,834‌

25,653‌

Redemptions

(

449,351‌

)

(

574,160‌

)

(

22,605,327‌

)

(

11,695,297‌

)

Net

increase

(decrease)

from

Fund

transactions

211,193‌

672,395‌

(

17,672,395‌

)

6,172,342‌

Net

increase

(decrease)

net

assets

551,699‌

867,420‌

(

16,210,851‌

)

9,872,520‌

Net

assets

the

beginning

period

4,774,244‌

3,906,824‌

69,929,240‌

60,056,720‌

Net

assets

the

end

period

5,325,943‌

4,774,244‌

53,718,389‌

69,929,240‌

See

Notes

Financial

Statements

Winslow

Large-Cap

Growth

ESG

Year

Ended

7/31/24

Year

Ended

7/31/23

OPERATIONS

Net

investment

income

(loss)

(

1,184,071‌

)

(

174,861‌

)

Net

realized

gain

(loss)

100,607,413‌

59,834,324‌

Net

change

unrealized

appreciation

(depreciation)

134,804,334‌

49,401,406‌

Net

increase

(decrease)

net

assets

from

operations

234,227,676‌

109,060,869‌

DISTRIBUTIONS

SHAREHOLDERS

Dividends:

Class

(

10,879,284‌

)

(

13,190,940‌

)

Class

(

798,227‌

)

(

1,250,714‌

)

Class

(

5,704,561‌

)

(

5,821,013‌

)

Class

(

26,222,459‌

)

(

30,674,839‌

)

Total

distributions

(

43,604,531‌

)

(

50,937,506‌

)

FUND

TRANSACTIONS

Subscriptions

206,945,096‌

109,230,415‌

Reinvestments

distributions

39,344,676‌

46,104,325‌

Redemptions

(

257,419,976‌

)

(

135,607,861‌

)

Net

increase

(decrease)

from

Fund

transactions

(

11,130,204‌

)

19,726,879‌

Net

increase

(decrease)

net

assets

179,492,941‌

77,850,242‌

Net

assets

the

beginning

period

764,293,787‌

686,443,545‌

Net

assets

the

end

period

943,786,728‌

764,293,787‌

Financial

Highlights

The

following

data

for

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

Period

Dividend

Growth

Class

7/31/24

54.65

0.59

8.69

9.28

(

0.60

)

(

0.93

)

(

1.53

)

62.40

7/31/23

51.54

0.59

4.26

4.85

(

0.61

)

(

1.13

)

(

1.74

)

54.65

7/31/22

53.39

0.55

(

0.49

)

0.06

(

0.56

)

(

1.35

)

(

1.91

)

51.54

7/31/21

43.32

0.62

11.55

12.17

(

0.58

)

(

1.52

)

(

2.10

)

53.39

7/31/20

44.21

0.61

2.28

2.89

(

0.67

)

(

3.11

)

(

3.78

)

43.32

Class

7/31/24

54.63

0.18

8.67

8.85

(

0.19

)

(

0.93

)

(

1.12

)

62.36

7/31/23

51.52

0.21

4.26

4.47

(

0.23

)

(

1.13

)

(

1.36

)

54.63

7/31/22

53.33

0.15

(

0.49

)

(

0.34

)

(

0.12

)

(

1.35

)

(

1.47

)

51.52

7/31/21

43.28

0.26

11.54

11.80

(

0.23

)

(

1.52

)

(

1.75

)

53.33

7/31/20

44.16

0.29

2.29

2.58

(

0.35

)

(

3.11

)

(

3.46

)

43.28

Class

7/31/24

55.19

0.77

8.78

9.55

(

0.78

)

(

0.93

)

(

1.71

)

63.03

7/31/23

52.05

0.75

4.29

5.04

(

0.77

)

(

1.13

)

(

1.90

)

55.19

7/31/22

53.92

0.72

(

0.49

)

0.23

(

0.75

)

(

1.35

)

(

2.10

)

52.05

7/31/21

43.74

0.78

11.66

12.44

(

0.74

)

(

1.52

)

(

2.26

)

53.92

7/31/20

44.62

0.75

2.30

3.05

(

0.82

)

(

3.11

)

(

3.93

)

43.74

Class

7/31/24

54.57

0.73

8.68

9.41

(

0.74

)

(

0.93

)

(

1.67

)

62.31

7/31/23

51.47

0.72

4.25

4.97

(

0.74

)

(

1.13

)

(

1.87

)

54.57

7/31/22

53.33

0.68

(

0.49

)

0.19

(

0.70

)

(

1.35

)

(

2.05

)

51.47

7/31/21

43.28

0.74

11.53

12.27

(

0.70

)

(

1.52

)

(

2.22

)

53.33

7/31/20

44.17

0.72

2.28

3.00

(

0.78

)

(

3.11

)

(

3.89

)

43.28

(a)

Based

average

outstanding.

(b)

Total

returns

are

NAV

and

not

include

any

sales

charge.

Total

returns

are

not

annualized.

(c)

The

Fund

has

contractual

fee

waiver/expense

reimbursement

agreement

with

the

Adviser,

but

did

not

receive

fee

waiver/expense

reimbursement

during

the

periods

presented

herein.

See

Notes

Financial

Statements

for

information.

(d)

Includes

voluntary

compensation

from

the

Adviser

further

described

the

Notes

Financial

Statements.

See

Notes

Financial

Statements

Ratio/Supplemental

Data

Ratios

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

Period

(000)

Expenses(c)

NII

(Loss)(c),(d)

Portfolio

Turnover

Rate

.35‌

1,121,499

.92‌

.05‌

11‌

.75‌

976,938

.92‌

.16‌

17‌

(

.04‌

)

932,555

.91‌

.04‌

17‌

.85‌

837,090

.92‌

.29‌

15‌

.54‌

624,209

.95‌

.42‌

25‌

.46‌

194,806

.67‌

.32‌

11‌

.92‌

240,863

.67‌

.42‌

17‌

(

.79‌

)

295,522

.66‌

.29‌

17‌

.89‌

305,518

.67‌

.55‌

15‌

.75‌

328,375

.70‌

.67‌

25‌

.70‌

2,518,257

.62‌

.36‌

11‌

.05‌

2,398,869

.62‌

.46‌

17‌

.28‌

2,394,117

.61‌

.34‌

17‌

.24‌

3,103,203

.62‌

.57‌

15‌

.86‌

69,249

.64‌

.73‌

25‌

.64‌

2,517,704

.67‌

.31‌

11‌

.01‌

2,392,913

.67‌

.41‌

17‌

.22‌

2,342,735

.66‌

.29‌

17‌

.15‌

2,294,045

.67‌

.54‌

15‌

.82‌

1,901,783

.70‌

.67‌

25‌

Financial

Highlights

The

following

data

for

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

Period

Global

Dividend

Growth

Class

7/31/24

31.41

0.40

4.47

4.87

(

0.44

)

(

0.01

)

(

0.45

)

35.83

7/31/23

29.98

0.42

2.16

2.58

(

0.42

)

(

0.73

)

(

1.15

)

31.41

7/31/22

32.93

0.41

(

0.93

)

(

0.52

)

(

0.49

)

(

1.94

)

(

2.43

)

29.98

7/31/21

27.15

0.45

5.83

6.28

(

0.50

)

(

0.50

)

32.93

7/31/20

27.29

0.44

0.13

0.57

(

0.44

)

(

0.27

)

(

0.71

)

27.15

Class

7/31/24

31.30

0.16

4.45

4.61

(

0.20

)

(

0.01

)

(

0.21

)

35.70

7/31/23

29.87

0.19

2.17

2.36

(

0.20

)

(

0.73

)

(

0.93

)

31.30

7/31/22

32.82

0.16

(

0.92

)

(

0.76

)

(

0.25

)

(

1.94

)

(

2.19

)

29.87

7/31/21

27.06

0.22

5.82

6.04

(

0.28

)

(

0.28

)

32.82

7/31/20

27.20

0.23

0.14

0.37

(

0.24

)

(

0.27

)

(

0.51

)

27.06

Class

7/31/24

31.39

0.48

4.48

4.96

(

0.52

)

(

0.01

)

(

0.53

)

35.82

7/31/23

29.96

0.49

2.16

2.65

(

0.49

)

(

0.73

)

(

1.22

)

31.39

7/31/22

32.92

0.48

(

0.93

)

(

0.45

)

(

0.57

)

(

1.94

)

(

2.51

)

29.96

7/31/21

27.14

0.52

5.84

6.36

(

0.58

)

(

0.58

)

32.92

7/31/20

27.28

0.51

0.13

0.64

(

0.51

)

(

0.27

)

(

0.78

)

27.14

(a)

Based

average

outstanding.

(b)

Total

returns

are

NAV

and

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

Financial

Statements

for

information.

(d)

Includes

voluntary

compensation

from

the

Adviser

further

described

the

Notes

Financial

Statements.

See

Notes

Financial

Statements

Ratio/Supplemental

Data

Ratios

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

Period

(000)

Gross

Expenses

Net

Expenses(c)

NII

(Loss)(c),(d)

Portfolio

Turnover

Rate

.64‌

8,930

.83‌

.15‌

.24‌

17‌

.00‌

8,849

.86‌

.15‌

.42‌

23‌

(

.02‌

)

8,082

.95‌

.14‌

.30‌

18‌

.33‌

7,242

.02‌

.15‌

.49‌

12‌

.14‌

5,888

.69‌

.15‌

.61‌

33‌

.78‌

532

.58‌

.90‌

.49‌

17‌

.21‌

617

.61‌

.90‌

.64‌

23‌

(

.78‌

)

885

.70‌

.89‌

.50‌

18‌

.43‌

1,377

.77‌

.90‌

.73‌

12‌

.32‌

1,934

.44‌

.90‌

.87‌

33‌

.97‌

10,085

.58‌

.90‌

.49‌

17‌

.28‌

10,252

.61‌

.90‌

.66‌

23‌

(

.81‌

)

10,137

.70‌

.89‌

.51‌

18‌

.64‌

11,376

.77‌

.90‌

.73‌

12‌

.37‌

11,488

.44‌

.90‌

.91‌

33‌

Financial

Highlights

(continued)

The

following

data

for

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

Period

International

Dividend

Growth

Class

7/31/24

28.06

0.60

2.01

2.61

(

0.75

)

(

0.02

)

(

0.77

)

29.90

7/31/23

26.78

0.54

1.58

2.12

(

0.47

)

(

0.37

)

(

0.84

)

28.06

7/31/22

29.18

0.45

(

1.20

)

(

0.75

)

(

1.62

)

(

0.03

)

(

1.65

)

26.78

7/31/21

24.93

0.51

4.34

4.85

(

0.60

)

(

0.60

)

29.18

7/31/20

25.85

0.46

(

1.02

)

(

0.56

)

(

0.36

)

(

0.36

)

24.93

Class

7/31/24

27.68

0.37

1.99

2.36

(

0.53

)

(

0.02

)

(

0.55

)

29.49

7/31/23

26.45

0.41

1.49

1.90

(

0.30

)

(

0.37

)

(

0.67

)

27.68

7/31/22

28.82

0.17

(

1.12

)

(

0.95

)

(

1.39

)

(

0.03

)

(

1.42

)

26.45

7/31/21

24.66

0.24

4.34

4.58

(

0.42

)

(

0.42

)

28.82

7/31/20

25.60

0.30

(

1.04

)

(

0.74

)

(

0.20

)

(

0.20

)

24.66

Class

7/31/24

28.09

0.66

2.02

2.68

(

0.82

)

(

0.02

)

(

0.84

)

29.93

7/31/23

26.81

0.63

1.55

2.18

(

0.53

)

(

0.37

)

(

0.90

)

28.09

7/31/22

29.21

0.59

(

1.27

)

(

0.68

)

(

1.69

)

(

0.03

)

(

1.72

)

26.81

7/31/21

24.96

0.56

4.36

4.92

(

0.67

)

(

0.67

)

29.21

7/31/20

25.88

0.57

(

1.07

)

(

0.50

)

(

0.42

)

(

0.42

)

24.96

(a)

Based

average

outstanding.

(b)

Total

returns

are

NAV

and

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

Financial

Statements

for

information.

(d)

Includes

voluntary

compensation

from

the

Adviser

further

described

the

Notes

Financial

Statements.

See

Notes

Financial

Statements

Ratio/Supplemental

Data

Ratios

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

Period

(000)

Gross

Expenses

Net

Expenses(c)

NII

(Loss)(c),(d)

Portfolio

Turnover

Rate

.52‌

2,568

.96‌

.15‌

.12‌

18‌

.23‌

2,055

.14‌

.15‌

.08‌

20‌

(

.72‌

)

1,856

.15‌

.14‌

.57‌

20‌

.70‌

1,957

.85‌

.14‌

.89‌

18‌

(

.12‌

)

1,703

.19‌

.15‌

.82‌

49‌

.72‌

105

.71‌

.90‌

.33‌

18‌

.44‌

332

.88‌

.89‌

.56‌

20‌

(

.46‌

)

151

.90‌

.89‌

.60‌

20‌

.79‌

216

.60‌

.89‌

.91‌

18‌

(

.89‌

)

456

.94‌

.90‌

.20‌

49‌

.78‌

2,653

.71‌

.90‌

.34‌

18‌

.50‌

2,387

.89‌

.90‌

.39‌

20‌

(

.46‌

)

1,900

.90‌

.89‌

.09‌

20‌

.98‌

2,838

.60‌

.89‌

.09‌

18‌

(

.86‌

)

2,637

.94‌

.90‌

.28‌

49‌

Financial

Highlights

(continued)

The

following

data

for

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

Period

International

Small

Cap

Class

7/31/24

21.80

0.29

0.88

1.17

(

0.32

)

(

0.32

)

22.65

7/31/23

20.59

0.26

0.95

1.21

21.80

7/31/22

26.57

0.33

(

4.94

)

(

4.61

)

(

0.53

)

(

0.84

)

(

1.37

)

20.59

7/31/21

19.80

0.25

6.77

7.02

(

0.25

)

(

0.25

)

26.57

7/31/20

20.48

0.19

(

0.42

)

(

0.23

)

(

0.45

)

(

0.45

)

19.80

Class

7/31/24

21.23

0.19

0.78

0.97

(

0.16

)

(

0.16

)

22.04

7/31/23

20.19

0.13

0.91

1.04

21.23

7/31/22

26.28

0.05

(

4.77

)

(

4.72

)

(

0.53

)

(

0.84

)

(

1.37

)

20.19

7/31/21

19.60

0.07

6.71

6.78

(

0.10

)

(

0.10

)

26.28

7/31/20

20.28

0.04

(

0.43

)

(

0.39

)

(

0.29

)

(

0.29

)

19.60

Class

7/31/24

21.95

0.43

0.81

1.24

(

0.38

)

(

0.38

)

22.81

7/31/23

20.69

0.34

0.96

1.30

(

0.04

)

(

0.04

)

21.95

7/31/22

26.62

0.31

(

4.86

)

(

4.55

)

(

0.54

)

(

0.84

)

(

1.38

)

20.69

7/31/21

19.84

0.32

6.77

7.09

(

0.31

)

(

0.31

)

26.62

7/31/20

20.50

0.25

(

0.41

)

(

0.16

)

(

0.50

)

(

0.50

)

19.84

Class

7/31/24

21.92

0.39

0.82

1.21

(

0.37

)

(

0.37

)

22.76

7/31/23

20.67

0.32

0.95

1.27

(

0.02

)

(

0.02

)

21.92

7/31/22

26.61

0.33

(

4.89

)

(

4.56

)

(

0.54

)

(

0.84

)

(

1.38

)

20.67

7/31/21

19.83

0.31

6.77

7.08

(

0.30

)

(

0.30

)

26.61

7/31/20

20.50

0.25

(

0.42

)

(

0.17

)

(

0.50

)

(

0.50

)

19.83

(a)

Based

average

outstanding.

(b)

Total

returns

are

NAV

and

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

Financial

Statements

for

information.

(d)

Includes

voluntary

compensation

from

the

Adviser

further

described

the

Notes

Financial

Statements.

See

Notes

Financial

Statements

Ratio/Supplemental

Data

Ratios

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

Period

(000)

Gross

Expenses

Net

Expenses(c)

NII

(Loss)(c),(d)

Portfolio

Turnover

Rate

.41‌

572

.68‌

.20‌

.41‌

46‌

.93‌

1,222

.67‌

.19‌

.28‌

58‌

(

.19‌

)

2,299

.51‌

.19‌

.44‌

61‌

.64‌

767

.45‌

.20‌

.07‌

72‌

(

.35‌

)

459

.64‌

.20‌

.97‌

43‌

.58‌

.43‌

.95‌

.93‌

46‌

.15‌

.42‌

.94‌

.65‌

58‌

(

.81‌

)

.26‌

.94‌

.23‌

61‌

.65‌

.20‌

.94‌

.29‌

72‌

(

.07‌

)

.39‌

.94‌

.22‌

43‌

.75‌

40,194

.30‌

.82‌

.06‌

46‌

.28‌

42,616

.33‌

.85‌

.70‌

58‌

(

.92‌

)

33,031

.19‌

.87‌

.30‌

61‌

.98‌

42,406

.17‌

.91‌

.36‌

72‌

(

.01‌

)

31,637

.35‌

.90‌

.26‌

43‌

.59‌

12,896

.43‌

.95‌

.85‌

46‌

.16‌

26,036

.42‌

.94‌

.57‌

58‌

(

.96‌

)

24,699

.26‌

.94‌

.43‌

61‌

.94‌

15,836

.20‌

.95‌

.33‌

72‌

(

.07‌

)

11,401

.39‌

.95‌

.24‌

43‌

Financial

Highlights

The

following

data

for

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

Period

Winslow

Large-Cap

Growth

ESG

Class

7/31/24

47.53

(

0.18

)

14.78

14.60

(

2.87

)

(

2.87

)

59.26

7/31/23

44.38

(

0.09

)

6.73

6.64

(

3.49

)

(

3.49

)

47.53

7/31/22

60.52

(

0.22

)

(

10.03

)

(

10.25

)

(

5.89

)

(

5.89

)

44.38

7/31/21

46.78

(

0.25

)

16.90

16.65

(

2.91

)

(

2.91

)

60.52

7/31/20

39.94

(

0.11

)

10.46

10.35

(

3.51

)

(

3.51

)

46.78

Class

7/31/24

37.13

(

0.43

)

11.35

10.92

(

2.87

)

(

2.87

)

45.18

7/31/23

35.74

(

0.31

)

5.19

4.88

(

3.49

)

(

3.49

)

37.13

7/31/22

50.17

(

0.51

)

(

8.03

)

(

8.54

)

(

5.89

)

(

5.89

)

35.74

7/31/21

39.51

(

0.54

)

14.11

13.57

(

2.91

)

(

2.91

)

50.17

7/31/20

34.50

(

0.35

)

8.87

8.52

(

3.51

)

(

3.51

)

39.51

Class

7/31/24

51.97

0.03

16.24

16.27

(

2.87

)

(

2.87

)

65.37

7/31/23

47.98

0.08

7.40

7.48

(

3.49

)

(

3.49

)

51.97

7/31/22

64.78

(

0.05

)

(

10.86

)

(

10.91

)

(

5.89

)

(

5.89

)

47.98

7/31/21

49.70

(

0.02

)

18.01

17.99

(

2.91

)

(

2.91

)

64.78

7/31/20

42.14

0.09

11.09

11.18

(

0.11

)

(

3.51

)

(

3.62

)

49.70

Class

7/31/24

50.62

(

0.05

)

15.79

15.74

(

2.87

)

(

2.87

)

63.49

7/31/23

46.90

0.02

7.19

7.21

(

3.49

)

(

3.49

)

50.62

7/31/22

63.50

(

0.09

)

(

10.62

)

(

10.71

)

(

5.89

)

(

5.89

)

46.90

7/31/21

48.84

(

0.09

)

17.66

17.57

(

2.91

)

(

2.91

)

63.50

7/31/20

41.48

10.90

(

0.03

)

(

3.51

)

(

3.54

)

48.84

(a)

Based

average

outstanding.

(b)

Total

returns

are

NAV

and

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

Financial

Statements

for

information.

(d)

Includes

voluntary

compensation

from

the

Adviser

further

described

the

Notes

Financial

Statements.

(e)

Value

rounded

zero.

See

Notes

Financial

Statements

Ratio/Supplemental

Data

Ratios

Average

Net

Assets

Total

Return(b)

Net

Assets,

End

Period

(000)

Gross

Expenses

Net

Expenses(c)

NII

(Loss)(c),(d)

Portfolio

Turnover

Rate

.95‌

235,751

.09‌

.91‌

(

.34‌

)

56‌

.09‌

186,017

.11‌

.91‌

(

.21‌

)

74‌

(

.30‌

)

174,142

.08‌

.90‌

(

.42‌

)

69‌

.98‌

180,291

.14‌

.91‌

(

.47‌

)

67‌

.68‌

35,663

.20‌

.98‌

(

.27‌

)

59‌

.94‌

12,086

.84‌

.66‌

(

.08‌

)

56‌

.24‌

11,710

.86‌

.66‌

(

.96‌

)

74‌

(

.90‌

)

15,269

.83‌

.65‌

(

.17‌

)

69‌

.92‌

24,604

.89‌

.66‌

(

.21‌

)

67‌

.72‌

7,154

.95‌

.73‌

(

.03‌

)

59‌

.45‌

157,610

.70‌

.52‌

.04‌

56‌

.58‌

97,947

.71‌

.51‌

.18‌

74‌

(

.04‌

)

76,592

.74‌

.56‌

(

.08‌

)

69‌

.52‌

109,867

.76‌

.54‌

(

.03‌

)

67‌

.27‌

92,220

.74‌

.52‌

.22‌

59‌

.26‌

538,340

.84‌

.66‌

(

.08‌

)

56‌

.40‌

468,620

.86‌

.66‌

.04‌

74‌

(

.10‌

)

420,440

.83‌

.65‌

(

.17‌

)

69‌

.30‌

568,579

.90‌

.69‌

(

.17‌

)

67‌

.02‌

733,217

.95‌

.73‌

-‌

(e)

59‌

Notes

Financial

Statements

General

Information

Trust

and

Fund

Information:

The

Nuveen

Investment

Trust

(the

"Trust")

open-end

management

investment

company

registered

under

the

Investment

Company

Act

1940

(the

"1940

Act"),

amended.

The

Trust

comprised

Nuveen

Dividend

Growth

Fund,

("Dividend

Growth"),

Nuveen

Global

Dividend

Growth

Fund

("Global

Dividend

Growth"),

Nuveen

International

Dividend

Growth

Fund

("International

Dividend

Growth"),

Nuveen

International

Small

Cap

Fund

("International

Small

Cap")

and

Nuveen

Winslow

Large-Cap

Growth

ESG

Fund

("Winslow

Large-Cap

Growth

ESG")

(each

"Fund"

and

collectively

the

"Funds"),

among

others.

The

Trust

was

organized

Massachusetts

business

trust

June

27,

1997.

Current

Fiscal

Period:

The

end

the

reporting

period

for

the

Funds

July

31,

2024,

and

the

period

covered

these

Notes

Financial

Statements

the

fiscal

year

ended

July

31,

2024

(the

"current

fiscal

period").

Investment

Adviser

and

Sub-Adviser:

The

Funds'

investment

adviser,

Nuveen

Fund

Advisors,

LLC

(the

"Adviser"),

subsidiary

Nuveen,

LLC

("Nuveen").

Nuveen

the

investment

management

arm

Teachers

Insurance

and

Annuity

Association

America

(TIAA).

The

Adviser

has

overall

responsibility

for

management

the

Funds,

oversees

the

management

the

Funds'

portfolios,

manages

the

Funds'

business

affairs

and

provides

certain

clerical,

bookkeeping

and

other

administrative

services,

and,

necessary,

asset

allocation

decisions.

The

Adviser

has

entered

into

sub-

advisory

agreement

with

Nuveen

Asset

Management,

LLC

("NAM"),

subsidiary

the

Adviser

and

Winslow

Capital

Management,

LLC,

(each

"Sub-Adviser"

and

collectively

the

"Sub-Advisers").

NAM

manages

the

investment

portfolios

Dividend

Growth,

Global

Dividend

Growth,

International

Dividend

Growth

and

International

Small

Cap

while

Winslow

Capital

Management,

LLC

manages

the

portfolio

Winslow

Large-Cap

Growth

ESG.

Classes

and

Sales

Charges:

Class

are

generally

sold

with

up-front

sales

charge.

Class

purchases

million

are

sold

net

asset

value

("NAV")

without

up-front

sales

charge

but

may

subject

contingent

deferred

sales

charge

("CDSC")

redeemed

within

eighteen

months

purchase.

Class

are

sold

without

up-front

sales

charge

but

are

subject

CDSC

redeemed

within

twelve

months

purchase.

Class

automatically

convert

Class

eight

years

after

purchase.

Class

and

Class

are

sold

without

upfront

sales

charge.

Significant

Accounting

Policies

The

accompanying

financial

statements

were

prepared

accordance

with

accounting

principles

generally

accepted

the

United

States

America

("U.S.

GAAP"),

which

may

require

the

use

estimates

made

management

and

the

evaluation

subsequent

events.

Actual

results

may

differ

from

those

estimates.

Each

Fund

investment

company

and

follows

accounting

guidance

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 shareholder

transactions.

The

NAV

for

financial

reporting

purposes

includes

security

and

common

transactions

through

the

date

the

report.

Total

return

computed

based

the

NAV

used

for

processing

security

and

common

transactions.

The

following

summary

the

significant

accounting

policies

consistently

followed

the

Funds.

Compensation:

The Trust

pays

compensation

directly

those

its officers,

all

whom

receive

remuneration

for

their

services

to the

Trust

from

the

Adviser

its

affiliates.

The

Funds'

Board

of Trustees

(the

"Board") has

adopted

deferred

compensation

plan

for

independent

trustees

that

enables

trustees

elect

defer

receipt

all

portion

the

annual

compensation

they

are

entitled

receive

from

certain

Nuveen-advised

funds.

Under

the

plan,

deferred

amounts

are

treated

though

equal

dollar

amounts

had

been

invested

select

Nuveen-advised

funds.

Distributions

Shareholders:

Distributions

shareholders

are

recorded

the

ex-dividend

date.

The

amount,

character

and

timing

distributions

are

determined

accordance

with

federal

income

tax

regulations,

which

may

differ

from

U.S.

GAAP.

Foreign

Currency

Transactions

and

Translation:

The

books

and

records

the

Funds

are

maintained

U.S.

dollars.

Assets,

including

investments,

and

liabilities

denominated

foreign

currencies

are

translated

into

U.S.

dollars

the

end

each

day.

Purchases

and

sales

securities,

income

and

expenses

are

translated

into

U.S.

dollars

the

prevailing

exchange

rate

the

respective

dates

the

transactions.

Net

realized

foreign

currency

gains

and

losses

resulting

from

changes

exchange

rates

associated

with

(i)

foreign

currency,

(ii)

investments

and

(iii)

derivatives

include

foreign

currency

gains

and

losses

between

trade

date

and

settlement

date

the

transactions,

foreign

currency

transactions,

and

the

difference

between

the

amounts

interest

and

dividends

recorded

the

books

the

Funds

and

the

amounts

actually

received

are

recognized

component

"Net

realized

gain

(loss)

from

foreign

currency

transactions"

the

Statement

Operations,

when

applicable.

The

unrealized

gains

and

losses

resulting

from

changes

foreign

currency

exchange

rates

and

changes

foreign

exchange

rates

associated

with

(i)

investments

and

(ii)

other

assets

and

liabilities

are

recognized

component

"Change

unrealized

appreciation

(depreciation)

on foreign

currency

translations"

the

Statement

Operations,

when

applicable.

The

unrealized

gains

and

losses

resulting

from

changes

foreign

exchange

rates

associated

with

investments

derivatives

are

recognized

component

the

respective

derivative's

"Change

unrealized

appreciation

(depreciation)"

the

Statement

Operations,

when

applicable.

the

end

the

reporting

period,

the

following

Funds'

investments

non-U.S.

securities

were

follows:

Notes

Financial

Statements

(continued)

Foreign

Taxes:

The

Funds

may

subject

foreign

taxes

income,

gains

investments

foreign

currency

repatriation,

portion

which

may

recoverable.

The

Funds

will

accrue

such

taxes

and

recoveries

applicable,

based

upon

the

current

interpretation

tax

rules

and

regulations

that

exist

the

markets

which

the

Funds

invest.

Indemnifications:

Under

the

Trust's

organizational

documents,

its

officers

and

trustees

are

indemnified

against

certain

liabilities

arising

out

the

performance

their

duties

the

Trust.

addition,

the

normal

course

business,

the

Trust

enters

into

contracts

that

provide

general

indemnifications

other

parties.

The

Trust's

maximum

exposure

under

these

arrangements

unknown

this

would

involve

future

claims

that

may

made

against

the

Trust

that

have

not

yet

occurred.

However,

the

Trust

has

not

had

prior

claims

losses

pursuant

these

contracts

and

expects

the

risk

loss

remote.

Investments

and

Investment

Income:

Securities

transactions

are

accounted

for

the

trade

date

for

financial

reporting

purposes.

Realized

gains

and

losses

securities

transactions

are

based

upon

the

specific

identification

method.

Dividend

income

recorded

the

ex-dividend

date

or,

for

certain

foreign

securities,

when

information

available.

Non-cash

dividends

received

the

form

stock,

any,

are

recognized

the

ex-dividend

date

and

recorded

fair

value.

Interest

income

recorded

accrual

basis

and

includes

accretion

discount

and

amortization

premiums

for

financial

reporting

purposes.

Securities

lending

income

comprised

fees

earned

from

borrowers

and

income

earned

cash

collateral

investments.

Multiclass

Operations

and

Allocations:

Income

and

expenses

the

Funds

that

are

not

directly

attributable

specific

class

are

prorated

among

the

classes

based

the

relative

net

assets

each

class.

Expenses

directly

attributable

class

are

recorded

the

specific

class.

12b-1

distribution

and

service

fees

are

allocated

class-specific

basis.

Global

Dividend

Growth

Value

Net

Assets

Country:

Japan

1,073,105

5.5

France

989,061

5.1

United

Kingdom

896,644

4.6

Taiwan

632,030

3.2

Canada

576,537

2.9

Germany

563,435

2.9

Denmark

516,457

2.6

Australia

445,769

2.3

Ireland

366,327

1.9

Other

611,528

3.2

Total

non-U.S.

Securities

$6,670,893

34.2%

International

Dividend

Growth

Value

Net

Assets

Country:

United

Kingdom

907,959

17.0

Japan

728,186

13.7

France

598,242

11.2

Canada

560,497

10.5

Denmark

244,714

4.6

Germany

241,019

4.5

Taiwan

233,446

4.4

Jordan

195,892

3.7

Australia

194,327

3.6

Other

624,728

11.8

Total

non-U.S.

Securities

$4,529,010

85.0%

International

Small

Cap

Value

Net

Assets

Country:

Japan

15,792,210

29.4

United

Kingdom

9,362,720

17.4

Canada

5,121,685

9.5

Australia

3,037,798

5.7

France

2,575,784

4.8

Germany

2,457,747

4.6

Switzerland

2,444,020

4.6

Norway

2,081,869

3.9

Italy

1,719,076

3.2

Other

6,856,047

12.7

Total

non-U.S.

Securities

$51,448,956

95.8%

Sub-transfer

agent

fees

and

similar

fees,

which

are

recognized

component

"Shareholder

servicing

agent

fees"

the

Statement

Operations,

are

not

charged

Class

and

are

prorated

among

the

other

classes

based

their

relative

net

assets.

Realized

and

unrealized

capital

gains

and

losses

the

Funds

are

prorated

among

the

classes

based

the

relative

net

assets

each

class.

Netting

Agreements:

the

ordinary

course

business,

the

Funds

may

enter

into

transactions

subject

enforceable

master

repurchase

agreements,

International

Swaps

and

Derivatives

Association,

Inc.

(ISDA)

master

agreements

other

similar

arrangements

("netting

agreements").

Generally,

the

right

offset

netting

agreements

allows

each

Fund

offset

certain

securities

and

derivatives

with

specific

counterparty,

when

applicable,

well

any

collateral

received

delivered

that

counterparty

based

the

terms

the

agreements.

Generally,

each

Fund

manages

its

cash

collateral

and

securities

collateral

counterparty

basis.

With

respect

certain

counterparties,

accordance

with

the

terms

the

netting

agreements,

collateral

posted

the

Funds

held

segregated

account

the

Funds'

custodian

and/or

with

respect

those

amounts

which

can

sold

repledged,

are

presented

the

Funds'

Portfolio

Investments

Statement

Assets

and

Liabilities.

The

Funds'

investments

subject

netting

agreements

the

end

the

reporting

period,

any,

are

further

described

later

these

Notes

Financial

Statements.

New

Accounting

Pronouncement:

June

2022,

the

FASB

issued

ASU

2022-03

clarify

the

guidance

Topic

820,

Fair

Value

Measurement

("Topic

820").

The

amendments

ASU

2022-03

affect

all

entities

that

have

investments

equity

securities

measured

fair

value

that

are

subject

contractual

sale

restriction.

ASU

2022-03

(1)

clarifies

the

guidance

Topic

820,

when

measuring

the

fair

value

equity

security

subject

contractual

restrictions

that

prohibit

the

sale

an equity

security,

(2)

amends

illustrative

example,

and

(3)

introduces

new

disclosure

requirements

for

equity

securities

subject

contractual

sale

restrictions

that

are

measured

fair

value

accordance

with

Topic

820.

For

public

business

entities,

the

amendments

ASU

2022-03

are

effective

for

fiscal

years

beginning

after

December

15,

2023,

and

interim

periods

within

those

fiscal

years.

For

all

other

entities,

the

amendments

are

effective

for

fiscal

years

beginning

after

December

15,

2024,

and

interim

periods

within

those

fiscal

years.

Early

adoption

permitted

for

both

interim

and

annual

financial

statements

that

have

not

yet

been

issued

made

available

for

issuance.

During

the

current

fiscal

period,

the

Funds

adopted

the

new

guidance

and

there

was

material

impact

the

Funds.

Investment

Valuation

and

Fair

Value

Measurements

The

Funds'

investments

securities

are

recorded

their

estimated

fair

value

utilizing

valuation

methods

approved

the

Adviser,

subject

oversight

the Board.

Fair

value

defined

the

price

that

would

received

upon

selling

investment

transferring

liability

orderly

transaction

independent

buyer

the

principal

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

used

maximize

the

use

observable

market

data

and

minimize

the

use

unobservable

inputs

and

establish

classification

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

pricing

the

asset

liability.

Observable

inputs

are

based

market

data

obtained

from

sources

independent

the

reporting

entity.

Unobservable

inputs

reflect

management's

assumptions

about

the

assumptions

market

participants

would

use

pricing

the

asset

liability.

Unobservable

inputs

are

based

the

best

information

available

the

circumstances.

The

following

summary

the

three-tiered

hierarchy

valuation

input

levels.

Level

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

active

markets

for

identical

securities.

Level

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

determining

the

fair

value

investments).

description

the

valuation

techniques

applied

the

Funds'

major

classifications

assets

and

liabilities

measured

fair

value

follows:

Equity

securities

and

exchange-traded

funds

listed

traded

national

market

exchange

are

valued

based

their

last

reported sales

price

official

closing

price of such

market

exchange

the

valuation

date.

Foreign

equity

securities

and

registered

investment

companies

that

trade

foreign

exchange

are

valued

the

last

reported sales

price

official

closing

price

the

principal

exchange

where

traded,

and

converted

U.S.

dollars

the

prevailing

rates

exchange

the valuation

date.

For

events affecting

the value

foreign

securities

between

the

time

when

the

exchange

which

they

are

traded

closes

and

the

time

when

the

Funds'

net

assets

are

calculated,

such

securities

will

valued

fair

value

accordance

with

procedures

adopted

the

Adviser,

subject

the

oversight

the

Board. To

the

extent

these

securities

are

actively

traded

and

valuation

adjustments

are

applied,

they

are

generally

classified

Level

1. When

valuation

adjustments

are

applied

the

most

recent

last

sales

price

official

closing

price, these

securities

are

generally

classified

Level

Prices

certain

American

Depositary

Receipts

("ADR")

held

the

Funds

that

trade

the

United

States

are

valued

based

the

last

traded

price,

official

closing

price,

evaluated

price

provided

the

pricing

services and

are

generally

classified

Level

Repurchase

agreements

are

valued

contract

amount

plus

accrued

interest,

which

approximates

market

value.

These

securities

are

generally

classified

Level

Investments

investment

companies

are

valued

their

respective

NAVs

price on

the

valuation

date

and

are

generally

classified

Level

For

any

portfolio

security

derivative

for

which

market

quotations

are

not

readily

available

for

which

the

Adviser

deems

the

valuations

derived

using

the

valuation

procedures

described

above

not

reflect

fair

value,

the

Adviser

will

determine

fair

value

good

faith

using

alternative

procedures

approved

the

Adviser,

subject

the

oversight

the

Board.

general

principle,

the

fair

value

security

the

amount

that

the

owner

might

reasonably

expect

receive

for

current

sale.

variety

factors

may

considered

determining

the

fair

value

such

securities,

which

may

include

consideration

the

following:

yields

prices

investments

comparable

quality,

type

issue,

coupon,

maturity

Notes

Financial

Statements

(continued)

and

rating,

market

quotes

indications

value

from

security

dealers,

evaluations

anticipated

cash

flows

collateral,

general

market

conditions

and

other

information

and

analysis,

including

the

obligor's

credit

characteristics

considered

relevant.

the

extent

the

inputs

are

observable

and

timely,

the

values

would

classified

Level

otherwise

they

would

classified

Level

The

following

table

summarizes

the

market

value

the

Funds'

investments

the

end

the

reporting

period,

based

the

inputs

used

value

them:

Portfolio

Securities

Repurchase

Agreements:

connection

with

transactions

repurchase

agreements,

each

Fund's

policy

that

its

custodian

take

possession

the

underlying

collateral

securities,

the

fair

value

which

exceeds

the

principal

amount

the

repurchase

transaction,

including

accrued

interest,

all

times.

the

counterparty

defaults,

and

the

fair

value

the

collateral

declines,

realization

the

collateral

may

delayed

limited.

The

following

table

presents

the

repurchase

agreements

for

the

Funds

that

are

subject

netting

agreements

the

end

the

reporting

period,

and

the

collateral

delivered

those

repurchase

agreements.

Dividend

Growth

Level

Total

Long-Term

Investments:

Common

Stocks

6,306,970,058

Short-Term

Investments:

Repurchase

Agreements

64,543,644

Total

6,306,970,058

64,543,644

6,371,513,702

Global

Dividend

Growth

Level

Total

Long-Term

Investments:

Common

Stocks

13,084,164

6,041,118

19,125,282

Short-Term

Investments:

Repurchase

Agreements

375,000

Total

13,084,164

6,416,118

19,500,282

International

Dividend

Growth

Level

Total

Long-Term

Investments:

Common

Stocks

1,118,773

4,070,832

5,189,605

Short-Term

Investments:

Repurchase

Agreements

125,000

Total

1,118,773

4,195,832

5,314,605

International

Small

Cap

Level

Total

Long-Term

Investments:

Common

Stocks

6,077,330

46,839,464

52,916,794

Investments

Purchased

with

Collateral

from

Securities

Lending

37,089

Short-Term

Investments:

Repurchase

Agreements

750,000

Total

6,114,419

47,589,464

53,703,883

Winslow

Large-Cap

Growth

ESG

Level

Total

Long-Term

Investments:

Common

Stocks

937,084,988

Short-Term

Investments:

Repurchase

Agreements

8,534,221

Total

937,084,988

8,534,221

945,619,209

Fund

Counterparty

Short-term

Investments,

Value

Collateral

Pledged

(From)

Counterparty

Dividend

Growth

Fixed

Income

Clearing

Corporation

$64,543,644

$(65,834,693)

Global

Dividend

Growth

Fixed

Income

Clearing

Corporation

375,000

(382,659)

International

Dividend

Growth

Fixed

Income

Clearing

Corporation

125,000

(127,622)

International

Small

Cap

Fixed

Income

Clearing

Corporation

750,000

(765,109)

Winslow

Large-Cap

Growth

ESG

Fixed

Income

Clearing

Corporation

8,534,221

(8,705,226)

Securities

Lending:

The

Funds

may

lend

securities

representing

one-third

the

value

its

total

assets

broker-dealers,

banks,

and

other

institutions

order

generate

additional

income.

When

loaning

securities,

the

Funds

retain

the

benefits

owning

the

securities,

including

the

economic

equivalent

dividends

interest

generated

the

security.

The

loans

are

continuous,

can

recalled

any

time,

and

have

set

maturity.

The

Funds'

custodian,

State

Street

Bank

and

Trust

Company,

serves

the

securities

lending

agent

(the

"Agent").

When

Fund

loans

its

portfolio

securities,

will

receive,

the

inception

each

loan,

cash

collateral

equal

amount

not

less

than

100%

the

market

value

the

loaned

securities.

The

actual

percentage

the

cash

collateral

will

vary

depending

upon

the

asset

type

the

loaned

securities.

Collateral

for

the

loaned

securities

invested

government

money

market

vehicle

maintained

the

Agent,

which

subject

the

requirements

Rule

2a-7

under

the

1940

Act.

The

value

the

loaned

securities

and

the

liability

return

the

cash

collateral

received

are

recognized

the

Statement

Assets

and

Liabilities.

the

market

value

the

loaned

securities

increases,

the

borrower

must

furnish

additional

collateral

the

Fund,

which

also

recognized

the

Statement

Assets

and

Liabilities.

Securities

out

loan

are

subject

termination

any

time

the

option

the

borrower

the

Fund.

Upon

termination,

the

borrower

required

return

the

Fund

securities

identical

the

securities

loaned.

During

the

term

the

loan,

the

Fund

bears

the

market

risk

with

respect

the

investment

collateral

and

the

risk

that

the

Agent

may

default

its

contractual

obligations

the

Fund.

The

Agent

bears

the

risk

that

the

borrower

may

default

its

obligation

return

the

loaned

securities

the

Agent

contractually

obligated

indemnify

the

Fund

the

time

default

borrower

some

all

the

loan

securities

have

not

been

returned.

Securities

lending

income

recognized

Fund

consists

earnings

invested

collateral

and

lending

fees,

net

any

rebates

the

borrower

and

compensation

the

Agent.

Such

income

recognized

the

Statement

Operations.

the

end

the

current

reporting

period,

the

total

value

the

loaned

securities

and

the

total

value

collateral

received

were

follows:

Purchases

and

Sales:

Long-term

purchases

and

sales during

the

current fiscal

period

were

follows:

The

Funds

may

purchase

securities

when-issued

delayed-delivery

basis.

Securities

purchased

when-issued

delayed-delivery

basis

may

have

extended

settlement

periods;

interest

income

not

accrued

until

settlement

date.

Any

securities

purchased

are

subject

market

fluctuation

during

this

period. If

Fund

has

outstanding

when-issued/delayed-delivery

purchases

commitments

the

end

the

reporting

period,

such

amounts

are

recognized

the

Statement

Assets

and

Liabilities.

Derivative

Investments

Each

Fund

authorized

invest

certain

derivative

instruments.

defined

U.S.

GAAP,

derivative

financial

instrument

whose

value

derived

from

underlying

security

price,

foreign

exchange

rate,

interest

rate,

index

prices

rates,

other

variables.

Investments

derivatives

the

end

and/or

during

the

current

fiscal

period,

any,

are

included

within

the

Statement

Assets

and

Liabilities

and

the

Statement

Operations,

respectively.

Market

and

Counterparty

Credit

Risk:

the

normal

course

business

each

Fund

may

invest

financial

instruments

and

enter

into

financial

transactions

where

risk

potential

loss

exists

due

changes

the

market

(market

risk)

failure

the

other

party

the

transaction

perform

(counterparty

credit

risk).

The

potential

loss

could

exceed

the

value

the

financial

assets

recorded

the

financial

statements.

Financial

assets,

which

potentially

expose

each

Fund

counterparty

credit

risk,

consist

principally

cash

due

from

counterparties

forward,

option

and

swap

transactions,

when

applicable.

The

extent

each

Fund's

exposure

counterparty

credit

risk

respect

these

financial

assets

approximates

their

carrying

value

recorded

the

Statement

Assets

and

Liabilities.

Each

Fund

helps

manage

counterparty

credit

risk

entering

into

agreements

only

with

counterparties

the

Adviser

believes

have

the

financial

resources

honor

their

obligations

and

having

the

Adviser

monitor

the

financial

stability

the

counterparties.

Additionally,

counterparties

may

required

pledge

collateral

daily

(based

the

daily

valuation

the

financial

asset)

behalf

each

Fund

with

value

approximately

equal

the

amount

any

unrealized

gain

above

pre-determined

threshold.

Reciprocally,

when

each

Fund

has

unrealized

loss,

the

Funds

have

instructed

the

custodian

pledge

assets

the

Funds

collateral

with

value

approximately

equal

the

amount

the

unrealized

loss

above

pre-determined

threshold.

Collateral

pledges

are

monitored

and

subsequently

adjusted

and

when

the

valuations

fluctuate,

either

down,

least

the

pre-determined

threshold

amount.

Fund

Asset

Class

out

Loan

Long-Term

Investments,

Value

Total

Collateral

Received

International

Small

Cap

Common

Stock

36,383

37,089

Fund

Non-U.S.

Government

Purchases

Non-U.S.

Government

Sales

Dividend

Growth

628,212,897

1,156,782,547

Global

Dividend

Growth

3,231,927

5,696,353

International

Dividend

Growth

996,123

895,978

International

Small

Cap

28,078,965

45,101,311

Winslow

Large-Cap

Growth

ESG

466,181,730

522,701,234

Notes

Financial

Statements

(continued)

Fund

Transactions

in Fund

during

the

current

and

prior

fiscal

period

were

follows:

Year

Ended

7/31/24

Year

Ended

7/31/23

Dividend

Growth

Amount

Subscriptions:

Class

2,354,159

$131,436,536

2,508,819

$126,992,387

Class

automatic

conversion

Class

280

16,321

2,800

144,487

Class

324,987

18,220,084

361,664

18,343,706

Class

3,716,702

207,850,077

7,621,911

387,693,932

Class

4,457,883

248,657,128

5,959,749

301,795,950

Total

subscriptions

10,854,011

606,180,146

16,454,943

834,970,462

Reinvestments

distributions:

Class

331,371

18,489,556

421,588

21,185,231

Class

53,143

2,947,503

98,771

4,973,001

Class

1,290,639

72,811,673

1,563,033

79,211,090

Class

823,084

45,861,237

1,050,720

52,677,441

Total

reinvestments

distributions

2,498,237

140,109,969

3,134,112

158,046,763

Redemptions:

Class

(2,587,958)

(144,473,136)

(3,150,226)

(159,817,481)

Class

(1,663,023)

(92,519,041)

(1,784,684)

(90,466,684)

Class

automatic

conversion

Class

(280)

(16,321)

(2,801)

(144,487)

Class

(8,516,755)

(495,476,671)

(11,723,057)

(608,137,856)

Class

(8,722,062)

(486,996,121)

(8,677,415)

(438,932,005)

Total

redemptions

(21,490,078)

(1,219,481,290)

(25,338,183)

(1,297,498,513)

Net

increase

(decrease)

(8,137,830)

$(473,191,175)

(5,749,128)

$(304,481,288)

Year

Ended

7/31/24

Year

Ended

7/31/23

Global

Dividend

Growth

Amount

Subscriptions:

Class

26,940

$855,201

62,097

$1,828,793

Class

4,443

137,381

203

5,889

Class

27,862

898,454

25,639

775,461

Total

subscriptions

59,245

1,891,036

87,939

2,610,143

Reinvestments

distributions:

Class

3,543

115,014

11,017

318,153

Class

106

3,453

759

21,890

Class

4,104

133,197

11,931

344,210

Total

reinvestments

distributions

7,753

251,664

23,707

684,253

Redemptions:

Class

(62,991)

(2,016,674)

(60,984)

(1,802,017)

Class

(9,362)

(296,877)

(10,856)

(320,574)

Class

(76,957)

(2,465,589)

(49,327)

(1,441,654)

Total

redemptions

(149,310)

(4,779,140)

(121,167)

(3,564,245)

Net

increase

(decrease)

(82,312)

$(2,636,440)

(9,521)

$(269,849)

Year

Ended

7/31/24

Year

Ended

7/31/23

International

Dividend

Growth

Amount

Subscriptions:

Class

13,409

$373,625

8,745

$226,297

Class

automatic

conversion

Class

210

Class

188

5,000

7,344

200,794

Class

6,403

180,332

26,916

732,995

Total

subscriptions

20,008

559,167

43,005

1,160,086

Reinvestments

distributions:

Class

2,084

58,623

2,185

56,267

Class

168

4,629

166

4,300

Class

1,355

38,125

998

25,902

Total

reinvestments

distributions

3,607

101,377

3,349

86,469

Redemptions:

Class

(2,873)

(81,012)

(7,010)

(183,760)

Class

(8,785)

(249,751)

(1,208)

(29,592)

Class

automatic

conversion

Class

(8)

(210)

Class

(4,125)

(118,378)

(13,790)

(360,808)

Total

redemptions

(15,791)

(449,351)

(22,008)

(574,160)

Net

increase

(decrease)

7,824

$211,193

24,346

$672,395

Year

Ended

7/31/24

Year

Ended

7/31/23

International

Small

Cap

Amount

Subscriptions:

Class

2,143

$43,758

40,375

$805,593

Class

1,233

23,521

Class

92,460

1,934,741

358,052

7,542,018

Class

116,463

2,399,599

482,224

9,470,854

Total

subscriptions

211,066

4,378,098

881,884

17,841,986

Reinvestments

distributions:

Class

815

17,646

Class

209

Class

6,756

147,018

972

Class

17,946

389,961

1,237

24,681

Total

reinvestments

distributions

25,527

554,834

1,286

25,653

Redemptions:

Class

(33,773)

(713,344)

(96,010)

(1,738,120)

Class

(278,953)

(5,921,947)

(12,757)

(271,976)

Class

(755,922)

(15,970,036)

(490,653)

(9,685,201)

Total

redemptions

(1,068,648)

(22,605,327)

(599,420)

(11,695,297)

Net

increase

(decrease)

(832,055)

$(17,672,395)

283,750

$6,172,342

Notes

Financial

Statements

(continued)

Income

Tax

Information

Each

Fund

separate

taxpayer

for

federal

income

tax

purposes.

Each

Fund

intends

distribute

substantially

all

its

net

investment

income

and

net

capital

gains

shareholders

and

otherwise

comply

with

the

requirements

Subchapter

the

Internal

Revenue

Code

applicable

regulated

investment

companies.

Therefore,

federal

income

tax

provision

required.

Each

Fund

files

income

tax

returns

U.S.

federal

and

applicable

state

and

local

jurisdictions.

Fund's

federal

income

tax

returns

are

generally

subject

examination

for

period

three

fiscal

years

after

being

filed.

State

and

local

tax

returns

may

subject

examination

for

additional

period

time

depending

the

jurisdiction.

Management

has

analyzed

each

Fund's

tax

positions

taken

for

all

open

tax

years

and

has

concluded

that

provision

for

income

tax

required

the

Fund's

financial

statements.

Differences

between

amounts

for

financial

statement

and

federal

income

tax

purposes

are

primarily

due

timing

differences

recognizing

gains

and

losses

investment

transactions.

Temporary

differences

not

require

reclassification.

year

end,

permanent

differences

that

resulted

reclassifications

among

the

components

net

assets

relate

primarily

foreign

currency

transactions,

investments

passive

foreign

investment

companies,

net

operating

losses

offset

short

term

gains,

return

capital

and

long-term

capital

gain

distributions

received

from

portfolio

investments,

and

tax

equalization.

Temporary

and

permanent

differences

have

impact

Fund's

net

assets.

year

end,

the

aggregate

cost

and

the

net

unrealized

appreciation/(depreciation)

all

investments

for

federal

income

tax

purposes

were

follows:

For

purposes

this

disclosure,

tax

cost

generally

includes

the

cost

portfolio

investments

well

up-front

fees

premiums

exchanged

derivatives

and

any

amounts

unrealized

for

income

statement

reporting

but

realized

income

and/or

capital

gains

for

tax

reporting,

applicable.

year

end,

the

components

accumulated

earnings

tax

basis

were

follows:

Year

Ended

7/31/24

Year

Ended

7/31/23

Winslow

Large-Cap

Growth

ESG

Amount

Subscriptions:

Class

639,911

$33,895,858

541,186

$22,243,041

Class

automatic

conversion

Class

110

5,711

184

7,757

Class

34,932

1,398,969

42,474

1,431,438

Class

939,077

56,493,359

480,798

22,030,199

Class

2,015,222

115,151,199

1,431,947

63,517,980

Total

subscriptions

3,629,252

206,945,096

2,496,589

109,230,415

Reinvestments

distributions:

Class

162,644

8,010,236

259,427

9,932,921

Class

18,693

705,276

38,200

1,154,611

Class

96,863

5,249,991

125,621

5,235,212

Class

481,670

25,379,173

732,579

29,781,581

Total

reinvestments

distributions

759,870

39,344,676

1,155,827

46,104,325

Redemptions:

Class

(737,908)

(39,083,597)

(811,222)

(33,427,126)

Class

(101,387)

(3,949,503)

(192,237)

(6,233,699)

Class

automatic

conversion

Class

(142)

(5,711)

(232)

(7,757)

Class

(509,667)

(29,821,395)

(317,851)

(14,208,742)

Class

(3,276,157)

(184,559,770)

(1,870,555)

(81,730,537)

Total

redemptions

(4,625,261)

(257,419,976)

(3,192,097)

(135,607,861)

Net

increase

(decrease)

(236,139)

$(11,130,204)

460,319

$19,726,879

Fund

Tax

Cost

Gross

Unrealized

Appreciation

Gross

Unrealized

(Depreciation)

Net

Unrealized

Appreciation

(Depreciation)

Dividend

Growth

3,271,910,075

3,139,041,361

(39,437,734)

3,099,603,627

Global

Dividend

Growth

11,523,038

8,519,513

(542,269)

7,977,244

International

Dividend

Growth

4,107,830

1,592,498

(385,723)

1,206,775

International

Small

Cap

48,738,126

8,651,766

(3,686,009)

4,965,757

Winslow

Large-Cap

Growth

ESG

555,628,364

394,411,130

(4,420,28

389,990,845

The

tax

character

distributions

paid

was

follows:

year

end,

the

Funds

had

capital

loss

carryforwards,

which

will

not

expire:

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-Advisers

are

compensated

for

their

services

the

Funds

from

the

management

fees

paid

the

Adviser.

Each

Fund's

management

fee

consists

two

components

fund-level

fee,

based

only

the

amount

assets

within

each

individual

Fund,

and

complex-level

fee,

based

the

aggregate

amount

all

eligible

fund

assets

managed

the

Adviser.

This

pricing

structure

enables

each

Fund's

shareholders

benefit

from

growth

the

assets

within

their

respective

Fund

well

from

growth

the

amount

complex-wide

assets

managed

the

Adviser.

The

annual

fund-level

fee,

payable

monthly,

for

each

Fund

was

calculated

according

the

following

schedule:

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

Dividend

Growth

2,059,054

236,719,168

3,099,603,627

3,338,381,849

Global

Dividend

Growth

72,060

987,741

7,977,471

9,037,272

International

Dividend

Growth

46,040

91,349

1,206,878

1,344,267

International

Small

Cap

1,085,888

4,966,762

(5,689,061)

363,589

Winslow

Large-Cap

Growth

ESG

20,801,072

67,425,159

389,990,845

478,217,076

7/31/24

7/31/23

Fund

Ordinary

Income

Long-Term

Capital

Gains

Ordinary

Income

Long-Term

Capital

Gains

Dividend

Growth

76,250,480

99,405,815

100,181,862

101,049,231

Global

Dividend

Growth

273,196

3,554

271,627

471,598

International

Dividend

Growth

137,848

3,897

76,680

52,767

International

Small

Cap

1,159,635

82,876

Winslow

Large-Cap

Growth

ESG

1,212,081

42,392,450

50,937,506

Fund

Short-Term

Long-Term

Total

Dividend

Growth

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

3,947,819

1,741,242

5,689,061

Winslow

Large-Cap

Growth

ESG

Average

Daily

Net

Assets

Dividend

Growth

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

Winslow

Large-

Cap

Growth

ESG

For

the

first

$125

million

0.5000

0.5500

0.7000

0.5000

For

the

$125

million

0.4875

0.5375

0.6875

0.4875

For

the

$250

million

0.4750

0.5250

0.6750

0.4750

For

the

$500

million

0.4625

0.5125

0.6625

0.4625

For

the

billion

0.4500

0.5000

0.6500

0.4500

For

the

billion

0.4250

0.4750

0.6250

0.4250

For

the

$2.5

billion

0.4000

0.4500

0.6000

0.4000

For

the

$2.5

billion

0.3875

0.4375

0.5875

0.3875

For

net

assets

over

$10

billion

0.3750

0.4250

0.5750

0.3750

Notes

Financial

Statements

(continued)

For

the

period

August

2023

through

April

30,

2024,

the

annual

complex-level

fee,

payable

monthly,

for

each

Fund

was

calculated

according

the

following

schedule:

The

complex-level

fee

calculated

based

upon

the

aggregate

daily

"eligible

assets"

all

Nuveen

open-end

and

closed-end

funds.

Eligible

assets

not

include

assets

attributable

investments

other

Nuveen

funds

assets

excess

determined

amount

(originally

billion)

added

the

Nuveen

fund

complex

connection

with

the

Adviser's

assumption

the

management

the

former

First

American

Funds

effective

January

2011,

but

include

certain

assets

certain

Nuveen

funds

that

were

reorganized

into

funds

advised

affiliate

the

Adviser

during

the

2019

calendar

year.

Eligible

assets

include

closed-end

fund

assets

managed

the

Adviser

that

are

attributable

certain

types

leverage.

For

these

purposes,

leverage

includes

the

closed-end

funds'

use

preferred

stock

and

borrowings

and

certain

investments

the

residual

interest

certificates

(also

called

inverse

floating

rate

securities)

tender

option

bond

(TOB)

trusts,

including

the

portion

assets

held

TOB

trust

that

has

been

effectively

financed

the

trust's

issuance

floating

rate

securities,

subject

agreement

the

Adviser

certain

funds

limit

the

amount

such

assets

for

determining

eligible

assets

certain

circumstances.

Effective

May

2024

the

annual

complex-level

fee,

payable

monthly,

for

each

Fund

calculated

according

the

following

schedule:

The

complex-level

fee

calculated

based

upon

the

aggregate

daily

"eligible

assets"

all

Nuveen-branded

closed-end

funds

and

Nuveen

branded

open-end

funds

("Nuveen

Mutual

Funds").

Except

described

below,

eligible

assets

include

the

assets

all

Nuveen-branded

closed-end

funds

and

Nuveen

Mutual

Funds

organized

the

United

States.

Eligible

assets

not

include

the

net

assets

of:

Nuveen

fund-of-funds,

Nuveen

money

market

funds,

Nuveen

index

funds,

Nuveen

Large

Cap

Responsible

Equity

Fund

Nuveen

Life

Large

Cap

Responsible

Equity

Fund.

addition,

eligible

assets

include

fixed

percentage

the

aggregate

net

assets

the

active

equity

and

fixed

income

Nuveen

Mutual

Funds

advised

the

Adviser's

affiliate,

Teachers

Advisors,

LLC

(except

those

identified

above).

The

fixed

percentage

will

increase

annually

until

May

2033,

which

time

eligible

assets

will

include

all

the

aggregate

net

assets

the

active

equity

and

fixed

income

Nuveen

Mutual

Funds

advised

Teachers

Advisors,

LLC

(except

those

identified

above).

Eligible

assets

include

closed-end

fund

assets

managed

the

Adviser

that

are

attributable

financial

leverage.

For

these

purposes,

financial

leverage

includes

the

closed-end

funds'

use

preferred

stock

and

borrowings

and

certain

investments

the

residual

interest

certificates

(also

called

inverse

floating

rate

securities)

tender

option

bond

(TOB)

trusts,

including

the

portion

assets

held

TOB

trust

that

has

been

effectively

financed

the

trust's

issuance

floating

rate

securities,

subject

agreement

the

Adviser

certain

funds

limit

the

amount

such

assets

for

determining

eligible

assets

certain

circumstances.

July

31,

2024,

the

complex-level

fee

rate

for

each

Fund

was

follows:

The

Adviser

has

agreed

waive

fees

and/or

reimburse

expenses

("Expense

Cap")

the

Funds

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

acquiring

and

disposing

portfolio

securities

and

extraordinary

expenses)

not

exceed

the

average

daily

net

assets

any

class

Fund

the

amounts

and

for

the

time

periods

stated

the

following

table.

However,

because

Class

are

not

subject

sub-transfer

agent

and

similar

fees,

the

total

annual

Complex-Level

Eligible

Asset

Breakpoint

Level*

Effective

Complex-Level

Fee

Rate

Breakpoint

Level

$55

billion

0.2000

$56

billion

0.1996

$57

billion

0.1989

$60

billion

0.1961

$63

billion

0.1931

$66

billion

0.1900

$71

billion

0.1851

$76

billion

0.1806

$80

billion

0.1773

$91

billion

0.1691

$125

billion

0.1599

$200

billion

0.1505

$250

billion

0.1469

$300

billion

0.1445

Complex-Level

Asset

Breakpoint

Level*

Complex-Level

Fee

For

the

first

$124.3

billion

0.1600

For

the

$75.7

billion

0.1350

For

the

$200

billion

0.1325

For

eligible

assets

over

$400

billion

0.1300

Fund

Complex-Level

Fee

Dividend

Growth

0.1572%

Global

Dividend

Growth

0.1572%

International

Dividend

Growth

0.1572%

International

Small

Cap

0.1572%

Winslow

Large-Cap

Growth

ESG

0.1572%

fund

operating

expense

for

the

Class

will

less

than

the

expense

limitation.

The

temporary

expense

limitations

may

terminated

modified

prior

expiration

date

only

with

the

approval

the

Board.

The

expense

limitations

effect

thereafter

may

terminated

modified

only

with

the

approval

shareholders

each

Fund.

Distribution

and

Service

Fees:

Each

Fund

has

adopted

distribution

and

service

plan

under

rule

12b-1

under

the

1940

Act.

Class

incur

0.25%

annual

12b-1

service

fee.

Class

incur

0.75%

annual

12b-1

distribution

fee

and

0.25%

annual

12b-1

service

fee.

Class

and

Class

are

not

subject

12b-1

distribution

service

fees.

The

fees

under

this

plan

compensate

Nuveen

Securities,

LLC,

(the

"Distributor"),

wholly-owned

subsidiary

Nuveen,

for

services

provided

and

expenses

incurred

distributing

the

Funds

and

establishing

and

maintaining

shareholder

accounts.

Other

Transactions

with

Affiliates:

The

Funds

receive

voluntary

compensation

from

the

Adviser

amounts

that

approximate

the

cost

research

services

obtained

from

broker-dealers

and

research

providers

the

Adviser

had

purchased

the

research

services

directly.

This

income

received

the

Funds

recognized

"Affiliated

income"

the

Statement

Operations

and

any

amounts

due

the Funds

the

end

the

reporting

period

recognized

"Reimbursement

from

Adviser"

the

Statement

Assets

and Liabilities. During

the

current

fiscal

period,

the

values

voluntary

compensation

were

follows:

During

the

current

fiscal

period,

the

Distributor,

collected

sales

charges

purchases

Class

Shares,

the

majority

which

were

paid

out

concessions

financial

intermediaries

follows:

The

Distributor

also

received

12b-1

service

fees

Class

Shares,

substantially

all

which

were

paid

compensate

financial

intermediaries

for

providing

services

shareholders

relating

their

investments.

During

the

current

fiscal

period,

the

Distributor

compensated

financial

intermediaries

directly

with

commission

advances

the

time

purchase

follows:

Fund

Temporary

Expense

Cap

Temporary

Expense

Cap

Expiration

Date

Permanent

Expense

Cap

Dividend

Growth

N/A

1.25%

Global

Dividend

Growth

0.94%

July

31,

2026

N/A

International

Dividend

Growth

0.94%

July

31,

2026

N/A

International

Small

Cap

0.99%

July

31,

2026

1.00%

Winslow

Large-Cap

Growth

ESG

0.69%

July

31,

2026

1.25%

N/A

Not

Applicable.

Fund

Amount

Dividend

Growth

288,343

Global

Dividend

Growth

961

International

Dividend

Growth

158

International

Small

Cap

19,227

Winslow

Large-Cap

Growth

ESG

100,411

Fund

Sales

Charges

Collected

(Unaudited)

Paid

Financial

Intermediaries

(Unaudited)

Dividend

Growth

512,961

454,293

Global

Dividend

Growth

5,487

4,845

International

Dividend

Growth

1,707

1,706

International

Small

Cap

Winslow

Large-Cap

Growth

ESG

118,176

104,224

Fund

Commission

Advances

(Unaudited)

Dividend

Growth

197,817

Global

Dividend

Growth

1,225

International

Dividend

Growth

1,750

International

Small

Cap

Notes

Financial

Statements

(continued)

compensate

for

commissions

advanced

financial

intermediaries,

all

12b-1

service

and

distribution

fees

collected

Class

during

the

first

year

following

purchase

are

retained

the

Distributor.

During

the

current

fiscal

period,

the

Distributor

retained

such

12b-1

fees

follows:

The

remaining

12b-1

fees

charged

each

Fund

were

paid

compensate

financial

intermediaries

for

providing

services

shareholders

relating

their

investments.

The

Distributor

also

collected

and

retained

CDSC

redemptions

during

the

current

fiscal

period,

follows:

Affiliate

Owned

Certain

funds

advised

Teachers

Advisors,

LLC,

which

are

deemed

affiliated

investments,

may

invest

the

Fund.

the

end

the

reporting

period,

the

percentage

Fund

owned

Nuveen

and/or

TIAA

and

other

affiliates

are

follows:

Fund

Commission

Advances

(Unaudited)

Winslow

Large-Cap

Growth

ESG

18,068

Fund

12b-1

Fees

Retained

(Unaudited)

Dividend

Growth

138,561

Global

Dividend

Growth

607

International

Dividend

Growth

573

International

Small

Cap

141

Winslow

Large-Cap

Growth

ESG

6,588

Fund

CDSC

Retained

(Unaudited)

Dividend

Growth

5,192

Global

Dividend

Growth

1,100

International

Dividend

Growth

120

International

Small

Cap

Winslow

Large-Cap

Growth

ESG

796

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

Winslow

Large-

Cap

Growth

ESG

Nuveen

27%

TIAA

Dividend

Growth

Nuveen

Lifecycle

Retirement

Income

Fund

-%*

Nuveen

Lifecycle

2010

Fund

Nuveen

Lifecycle

2015

Fund

Nuveen

Lifecycle

2020

Fund

Nuveen

Lifecycle

2025

Fund

Nuveen

Lifecycle

2030

Fund

Nuveen

Lifecycle

2035

Fund

Nuveen

Lifecycle

2040

Fund

Nuveen

Lifecycle

2045

Fund

Nuveen

Lifecycle

2050

Fund

Nuveen

Lifecycle

2055

Fund

Nuveen

Lifecycle

2060

Fund

Nuveen

Lifecycle

2065

Fund

Nuveen

Lifestyle

Aggressive

Growth

Fund

Nuveen

Lifestyle

Conservative

Fund

Nuveen

Lifestyle

Growth

Fund

Borrowing

Arrangements

Committed

Line

Credit:

The

Funds,

along

with

certain

other

funds

managed

the

Adviser

("Participating

Funds"),

have

established

364-day,

$2.700

billion

standby

credit

facility

with

group

lenders,

under

which

the

Participating

Funds

may

borrow

for

temporary

purposes

(other

than

on-

going

leveraging

for

investment

purposes).

Each

Participating

Fund

allocated

designated

proportion

the

facility's

capacity

(and

its

associated

costs,

described

below)

based

upon

multi-factor

assessment

the

likelihood

and

frequency

its

need

draw

the

facility,

the

size

the

Fund

and

its

anticipated

draws,

and

the

potential

importance

such

draws

the

operations

and

well-being

the

Fund,

relative

those

the

other

Funds.

Fund

may

effect

draws

the

facility

excess

its

designated

capacity

and

the

extent

that

other

Participating

Funds

have

undrawn

capacity.

The

credit

facility

expires

June

2025

unless

extended

renewed.

The

credit

facility

has

the

following

terms:

0.15%

per

annum

unused

commitment

amounts

and

drawn

interest

rate

equal

the

higher

(a)

OBFR

(Overnight

Bank

Funding

Rate)

plus

1.20%

per

annum

(b)

the

Fed

Funds

Effective

Rate

plus

1.20%

per

annum

amounts

borrowed. The

Participating

Funds

also

incurred

0.05%

upfront

fee

the

increased

commitments

from

select

lenders.

Interest

expense

incurred

the

Participating

Funds,

when

applicable,

recognized

component

"Interest

expense"

the

Statement

Operations.

Participating

Funds

paid

administration,

legal

and

arrangement

fees,

which

are

recognized

component

"Interest

expense"

the

Statement

Operations,

and

along

with

commitment

fees,

have

been

allocated

among

such

Participating

Funds

based

upon

the

relative

proportions

the

facility's

aggregate

capacity

reserved

for

them

and

other

factors

deemed

relevant

the

Adviser

and

the

Board

each

Participating

Fund.

During

the

current

fiscal

period,

the

following

Fund

utilized

this

facility.

The

Fund's

maximum

outstanding

balance

during

the

utilization

period

was

follows:

During

the

Fund's

utilization

period(s)

during

the

current

fiscal

period,

the

average

daily

balance

outstanding

and

average

annual

interest

rate

the

Borrowings

were

follows:

Dividend

Growth

Nuveen

Lifestyle

Income

Fund

Nuveen

Lifestyle

Moderate

Fund

Nuveen

Managed

Allocation

Fund

Rounds

less

than

Fund

Maximum

Outstanding

Balance

Dividend

Growth

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

1,866,988

Winslow

Large-Cap

Growth

ESG

Fund

Utilization

Period

(Days

Outstanding)

Average

Daily

Balance

Outstanding

Average

Annual

Interest

Rate

Dividend

Growth

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

1,132,881

6.53

Winslow

Large-Cap

Growth

ESG

Important

Tax

Information

(Unaudited)

required

the

Internal

Revenue

Code

and

Treasury

Regulations,

certain

tax

information,

detailed

below,

must

provided

shareholders.

Shareholders

are

advised

consult

their

tax

advisor

with

respect

the

tax

implications

their

investment.

The

amounts

listed

below

may

differ

from

the

actual

amounts

reported

Form

1099-DIV,

which

will

sent

shareholders

shortly

after

calendar

year

end.

Long-Term

Capital

Gains

year

end,

each

Fund

designates

the

following

distribution

amounts,

maximum

amount

allowable,

being

from net

long-term

capital

gains

pursuant

Section

852(b)(3)

the

Internal

Revenue

Code:

Dividends

Received

Deduction

(DRD)

Each

Fund

listed

below

had

the

following

percentage,

maximum

amount

allowable,

ordinary

income

distributions

eligible

for

the

dividends

received

deduction

for

corporate

shareholders:

Qualified

Dividend

Income

(QDI)

Each

Fund

listed

below

had

the

following

percentage,

maximum

amount

allowable,

ordinary

income

distributions

treated

qualified

dividend

income

for

individuals

pursuant

Section

1(h)(11)

the

Internal

Revenue

Code:

Qualified

Interest

Income

(QII)

Each

Fund

listed

below

had

the

following

percentage,

maximum

amount

allowable,

ordinary

income

distributions

treated

qualified interest

income

and/or short-term

capital

gain

dividends pursuant

Section

871(k)

the

Internal

Revenue

Code:

Fund

Net

Long-Term

Capital

Gains

Dividend

Growth

114,607,086

Global

Dividend

Growth

58,553

International

Dividend

Growth

6,377

International

Small

Cap

Winslow

Large-Cap

Growth

ESG

50,743,255

Fund

Percentage

Dividend

Growth

100

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

Winslow

Large-Cap

Growth

ESG

100

Fund

Percentage

Dividend

Growth

100

Global

Dividend

Growth

100

International

Dividend

Growth

International

Small

Cap

100

Winslow

Large-Cap

Growth

ESG

100

Foreign

Source

Income

and

Foreign

Tax

Credit

Pass

Through

Each

Fund

listed

below

has

made

election

under

Section

853

the

Internal

Revenue

Code

pass

through

foreign

taxes

paid:

163(j)

Each

Fund

listed

below

had

the

following

percentage,

maximum

amount

allowable,

ordinary

dividends

treated

Section

163(j)

interest

dividends

pursuant

Section

163(j)

the

Internal

Revenue

Code:

Fund

Prior

Year

End

12/31

Percentage

1/1

Current

Year

End

Percentage

Dividend

Growth

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

Winslow

Large-Cap

Growth

ESG

Fund

Foreign

Source

Income

Foreign

Source

Income

Per

Qualifying

Foreign

Taxes

Paid

Qualifying

Foreign

Taxes

Paid

Per

Dividend

Growth

Global

Dividend

Growth

International

Dividend

Growth

116,382

0.65359

10,158

0.05705

International

Small

Cap

1,246,562

0.52906

142,390

0.06043

Winslow

Large-Cap

Growth

ESG

Fund

Percentage

Dividend

Growth

Global

Dividend

Growth

International

Dividend

Growth

International

Small

Cap

Winslow

Large-Cap

Growth

ESG

Item 8.

Changes in and Disagreements with Accountants for Open-EndManagement Investment Companies.

Not applicable.

Item 9.

Proxy Disclosures for Open-EndManagement Investment Companies.

Not applicable.

Item 10.

Remuneration Paid to Directors, Officers, and Others of Open-EndManagement Investment Companies.

Remuneration paid to directors, officers and others is included in the Statement of Operations under the line items "Trustee Fees" and "Management Fees" as part of the financial statements filed under Item 7 of this Form N-CSR.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract

Nuveen Dividend Growth Fund

Nuveen Global Dividend Growth Fund

Nuveen International Dividend Growth Fund

Nuveen International Small Cap Fund

Nuveen Winslow Large-CapGrowth ESG Fund

The Approval Process

At meetings held on April 18 and 19, 2024 (the "Meeting"), the Board of Trustees (the "Board" and each Trustee, a "Board Member") of Nuveen Investment Trust II approved, for each respective fund listed above (each a "Fund"), the renewal of the investment management agreement (each an "Investment Management Agreement") with Nuveen Fund Advisors, LLC ("NFAL"; NFAL is an "Adviser"), pursuant to which NFAL serves as investment adviser to such Fund. Similarly, for each respective Fund, the Board approved the renewal of the sub-advisoryagreement (each a "Sub-AdvisoryAgreement") with (a) in the case of Nuveen Dividend Growth Fund, Nuveen Global Dividend Growth Fund, Nuveen International Dividend Growth Fund and Nuveen International Small Cap Fund, Nuveen Asset Management, LLC ("NAM"), pursuant to which NAM serves as the sub-adviserto such Fund; and (b) in the case of Nuveen Winslow Large-CapGrowth ESG Fund, Winslow Capital Management, LLC ("Winslow," and Winslow and NAM are each a "Sub-Adviser"),pursuant to which Winslow serves as the sub-adviserto such Fund. The Board Members are not "interested persons" (as defined under the Investment Company Act of 1940 (the "1940 Act")) and, therefore, the Board is deemed to be comprised of all disinterested Board Members. References to the Board and the Board Members are interchangeable. Below is a summary of the annual review process the Board undertook related to its most recent renewal of each Investment Management Agreement and Sub-AdvisoryAgreement on behalf of the applicable Fund.

In accordance with applicable law, following up to an initial two-yearperiod, the Board considers the renewal of each Investment Management Agreement and Sub-AdvisoryAgreement on behalf of the applicable Fund on an annual basis. The Investment Management Agreements and Sub-AdvisoryAgreements are collectively referred to as the "Advisory Agreements," and NFAL and the Sub-Advisersare collectively, the "Fund Advisers" and each a "Fund Adviser." In addition, the fund complex consists of the group of funds advised by NFAL (collectively referred to as the "Nuveen funds") and the group of funds advised by Teachers Advisors, LLC ("TAL" and such funds are collectively, the "TC funds"). For clarity, NFAL serves as Adviser to the Nuveen funds, including the Funds, and TAL serves as "Adviser" to the TC funds. The Board Members considered that the prior separate boards of the TC funds and Nuveen funds were consolidated effective in January 2024. Accordingly, at the Meeting, the Board Members considered the review of the advisory agreements for the Nuveen funds as well as reviewed the investment management agreements for the TC funds. Depending on the appropriate context, references to "the Adviser" may be to NFAL with respect to the Nuveen funds and/or TAL with respect to the TC funds.

The Board Members considered the review of the advisory agreements of the Nuveen funds and the TC funds to be an ongoing process. The Board Members therefore employed the accumulated information, knowledge and experience they had gained during their tenure on the respective board of the TC funds or Nuveen funds (as the case may be) governing the applicable funds and working with the respective investment advisers and sub-advisers, as applicable, in their review of the advisory agreements for the fund complex.

During the course of the year prior to the Meeting, the Board and/or its committees received a wide variety of materials that covered a range of topics relevant to the Board's annual consideration of the renewal of the advisory agreements, including reports on fund investment results over various periods; product initiatives for various funds; fund expenses; compliance, regulatory and risk management matters; trading practices, including soft dollar arrangements (as applicable); the liquidity and derivatives risk management programs; management of distributions; valuation of securities; payments to financial intermediaries, including 12b-1expenses (as applicable); securities lending (as applicable); and overall market and regulatory developments. The Board also met periodically with and/or received presentations by key investment professionals managing a fund's portfolio. In particular, at the Board meeting held on February 27-29,2024 (the "February Meeting"), the Board and/or its Investment Committee received the annual performance review of the funds as described in further detail below. The presentations, discussions and meetings throughout the year also provide a means for the Board to evaluate and consider the level, breadth and quality of services provided by the Adviser and sub-advisers, as applicable, and how such services have changed over time in light of new or modified regulatory requirements, changes to market conditions or other factors.

In connection with its annual consideration of the advisory agreements, the Board, through its independent legal counsel, requested and received extensive materials and information prepared specifically for its review of the advisory agreements. The materials provided at the Meeting and/or prior meetings covered a wide range of matters including, but not limited to, a description of the nature, extent and quality of services provided by the Fund Advisers; the consolidation of the Nuveen fund family and TC fund family; a review of product actions advanced in 2023 for the benefit of particular funds and/or the fund complex; a review of each sub-adviser,if applicable, and/or applicable investment team; an analysis of fund performance with a focus on funds considered to have met certain challenged performance measurements; an analysis of the fees and expense ratios of the funds with a focus on funds considered to have certain expense characteristics; a list of management fee and, if applicable, sub-advisoryfee schedules; a review of temporary and permanent expense caps and fee waivers for open-endfunds (as applicable); a description of portfolio manager compensation; a description of the profitability and/or financial data of Nuveen, TAL and the sub-advisers;and a description of indirect benefits received by the Adviser and the sub-advisersas a result of their relationships with the funds, as applicable. The Board also considered

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract(continued)

information provided by Broadridge Financial Solutions, Inc. ("Broadridge"), an independent provider of investment company data, comparing fee and expense levels of each respective fund to those of a peer universe and, with respect to open-endfunds, also to a peer group of funds selected by Broadridge, subject to certain exceptions.

The information prepared specifically for the annual review supplemented the information provided to the Board and its committees and the evaluations of the funds by the Board and its committees during the year. The Board's review of the advisory agreements for the fund complex is based on all the information provided to the Board and its committees over time. The performance, fee and expense data and other information provided by a Fund Adviser, Broadridge or other service providers were not independently verified by the Board Members.

As part of their review, the Board Members and independent legal counsel met by videoconference in executive session on April 10, 2024 (the "April Executive Session") to review and discuss materials provided in connection with their annual review of the advisory agreements for the fund complex. After reviewing this information, the Board Members requested, directly or through independent legal counsel, additional information, and the Board subsequently reviewed and discussed the responses to these follow-upquestions and requests.

The Board Members were advised by independent legal counsel during the annual review process as well as throughout the year, including meeting in executive sessions with such counsel at which no representatives of management were present. In connection with their annual review, the Board Members also received a memorandum from independent legal counsel outlining their fiduciary duties and legal standards in reviewing the Advisory Agreements, including guidance from court cases evaluating advisory fees.

The Board's decisions to renew each Advisory Agreement were not based on a single identified factor, but rather each decision reflected the comprehensive consideration of all the information provided to the Board and its committees throughout the year as well as the materials prepared specifically in connection with the annual review process. The contractual arrangements may reflect the results of prior year(s) of review, negotiation and information provided in connection with the Board's annual review of the funds' advisory arrangements and oversight of the funds. Each Board Member may have attributed different levels of importance to the various factors and information considered in connection with the annual review process and may have placed different emphasis on the relevant information year to year in light of, among other things, changing market and economic conditions. A summary of the principal factors and information, but not all the factors, the Board considered in deciding to renew the Advisory Agreements is set forth below.

A. Nature, Extent and Quality of Services

In evaluating the renewal of the Advisory Agreements, the Board Members received and considered information regarding the nature, extent and quality of the applicable Fund Adviser's services provided to each respective Fund with particular focus on the services and enhancements or changes to such services provided during the last year. The Board Members considered the Investment Management Agreements and the Sub-Advisory Agreements separately in the course of their review. With this approach, they considered the roles of NFAL and the Sub-Advisersin providing services to the applicable Fund(s).

The Board considered that the Adviser provides a wide array of management, oversight and other services to manage and operate the applicable funds. The Board considered the Adviser's and its affiliates' dedication of resources, time, people and capital as well as continual program of improvement and innovation aimed at enhancing the funds and fund complex for investors and meeting the needs of an increasingly complex regulatory environment. In particular, over the past several years, the Board considered the significant resources, both financial and personnel, the Adviser and its affiliates have committed in working to consolidate the Nuveen fund family and TC fund family under one centralized umbrella. The Board considered that the organizational changes in bringing together Nuveen, its affiliates and TIAA's (as defined below) asset management businesses, consolidating the Nuveen and TC fund families and other initiatives were anticipated to provide various benefits for the funds through, among other things, enhanced operating efficiencies, centralized investment leadership and a centralized shared resources and support model. As part of these efforts, the boards of the TC funds and Nuveen funds were consolidated effective in January 2024. In addition, in conjunction with these consolidation efforts, the Board approved at the Meeting changes to fee and breakpoint structures (as applicable) that could provide cost savings to participating funds, as described in further detail below.

The Board also reviewed information regarding other product actions undertaken or continued by management in the 2023 calendar year in seeking to improve the effectiveness of the organization, the product line-upas well as particular funds through, among other things, continuing to review and optimize the product line and gaining efficiencies through mergers and liquidations; reviewing and updating investment policies and benchmarks; implementing fee waivers and/or expense cap changes for certain funds; evaluating and adjusting portfolio management teams as appropriate for various funds; and developing policy positions on a broad range of regulatory proposals that may impact the funds and communicating with lawmakers and other regulatory authorities to help ensure these positions are considered. In its review, the Board considered that the funds operated in a highly regulated industry and the scope and complexity of the services and resources that the Adviser and its affiliates must provide to manage and operate the applicable funds have expanded over the years as a result of, among other things, regulatory, market and other developments, such as the adoption of the tailored shareholder report or the revised fund name rule.

In considering the breadth and quality of services the Adviser and its various teams provide, the Board considered that the Adviser provides investment advisory services. With respect to the Nuveen funds, such funds utilize sub-advisersto manage the portfolios of the funds subject to the supervision of NFAL. Accordingly, the Board considered that NFAL and its affiliates, among other things, oversee and review the performance of the respective sub-adviserand its investment team(s); evaluate Nuveen fund performance and market conditions; evaluate investment strategies and recommend changes thereto; set and manage distributions consistent with the respective Nuveen fund's product design; oversee trade execution and, as applicable, securities lending; evaluate investment risks; and manage valuation matters. The Board further considered that over the course of the 2023 calendar year, the Nuveen global public product team which supports the funds in the fund complex and their shareholders assessed the investment personnel across the investment leadership teams which resulted in additions or other modifications to the portfolio management teams of various funds. The Board also reviewed a description of the compensation structure applicable to certain portfolio managers.

In addition to the above investment advisory services, the Board further considered the extensive compliance, regulatory, administrative and other services the Adviser and its various teams or affiliates provide to manage and operate the applicable funds. Given the highly regulated industry in which the funds operate, the Board considered the breadth of the Adviser's compliance program and related policies and procedures. The Board reviewed various initiatives the Adviser's compliance team undertook or continued in 2023, in part, to address new regulatory requirements, support international business growth and product development, enhance international trading capabilities, enhance monitoring capabilities in light of the new regulatory requirements and guidance and maintain a comprehensive training program. The Board further considered, among other things, that other non-advisoryservices provided included, among other things, board support and reporting; establishing and reviewing the services provided by other fund service providers (such as a fund's custodian, accountant, and transfer agent); risk management, including reviews of the liquidity risk management and derivatives risk management programs; legal support services; regulatory advocacy; and cybersecurity, business continuity and disaster recovery planning and testing.

Aside from the services provided, the Board considered the financial resources of the Adviser and/or its affiliates and their willingness to make investments in the technology, personnel and infrastructure to support the funds, including to enhance global talent, middle office systems, software and international and internal capabilities. The Board considered the access provided by the Adviser and its affiliates to a seed capital budget to support new or existing funds and/or facilitate changes for a respective fund. The Board considered the benefits to shareholders of investing in a fund that is a part of a large fund complex with a variety of investment disciplines, capabilities, expertise and resources available to navigate and support the funds including during stressed times. The Board considered the overall reputation and capabilities of the Adviser and its affiliates and the Adviser's continuing commitment to provide high quality services.

In its review, the Board also considered the significant risks borne by the Adviser and its affiliates in connection with their services to the applicable funds, including entrepreneurial risks in sponsoring and supporting new funds and smaller funds and ongoing risks with managing the funds, such as investment, operational, reputational, regulatory, compliance and litigation risks.

With respect to the Funds, the Board considered the division of responsibilities between NFAL and the Sub-Advisersand considered that each Sub-Adviserand its investment personnel generally are responsible for the management of each applicable Fund's portfolio under the oversight of NFAL and the Board. The Board considered an analysis of each Sub-Adviserprovided by NFAL which included, among other things, a summary of changes in the leadership teams and/or portfolio manager teams; the performance of the Nuveen funds sub-advisedby the Sub-Adviserover various periods of time; and data reflecting product changes (if any) taken with respect to certain Nuveen funds. The Board considered that NFAL recommended the renewal of the Sub-AdvisoryAgreements.

Based on its review, the Board determined, in the exercise of its reasonable business judgment, that it was satisfied with the nature, extent and quality of services provided to the respective Funds under each applicable Advisory Agreement.

B. The Investment Performance of the Funds and Fund Advisers

In evaluating the quality of the services provided by the Fund Advisers, the Board also considered a variety of investment performance data of the Funds. In this regard, the Board and/or its Investment Committee reviewed, among other things, performance of the Funds over the quarter, one-,three- and five-year periods ending December 31, 2023 and March 31, 2024. For those Funds with multiple share classes, the performance data was based on Class I shares; however, the performance of other share classes was substantially similar as those other share classes invest in the same portfolio of securities and differences in performance among the classes would be principally attributed to the variations in the expense structures of the share classes. The Board performed its annual review of fund performance at its February Meeting and an additional review at the April Executive Session and also reviewed and discussed performance data at its other regularly scheduled quarterly meetings throughout the year. The Board therefore took into account the performance data, presentations and discussions (written and oral) that were provided at the Meeting and in prior meetings over time in evaluating fund performance, including management's analysis of a fund's performance with particular focus on funds that met certain challenged performance measurements as determined pursuant to a methodology approved by the Board or additional measurements as determined by management's investment analysts. As various Nuveen funds have modified their portfolio teams and/or made significant changes to their portfolio strategies over time, the Board reviewed, among other things, certain tracking performance data over specific periods comparing performance before and after such changes.

The Board considered that performance data reflects performance over a specified period which may differ significantly depending on the ending dates selected, particularly during periods of market volatility. Further, the Board considered that shareholders may evaluate performance based on their own respective holding periods which may differ from the performance periods reviewed by the Board and lead to differing results.

In its evaluation, the Board reviewed fund performance results from different perspectives. In general, subject to certain exceptions, the Board reviewed both absolute and relative fund performance over the various time periods and considered performance results in light of a fund's investment objective(s), strategies and risks. With respect to the relative performance, the Board considered fund performance in comparison to the performance of peer funds (the "Performance Peer Group"), subject to certain exceptions, and recognized and/or customized benchmarks (i.e., generally benchmarks derived from multiple recognized benchmarks). In reviewing such comparative performance, the Board was cognizant of the inherent limitations of such data which can make meaningful performance comparisons generally difficult. As an illustration, differences in the composition of the Performance Peer Group, the investment objective(s), strategies, dates of fund inception and other characteristics of the peers in the Performance Peer Group, the level, type and cost of leverage (if any) of the peers, and the varying sizes of peers all may contribute to differences in the performance results of a Performance Peer Group compared to the applicable fund. With respect to relative performance of a fund compared to a benchmark index, differences, among other things, in the investment objective(s) and strategies of a fund and the benchmark (particularly an actively managed fund that does not directly follow an index) as well as the costs of operating a fund would necessarily contribute to differences in performance results and limit the value of the comparative performance information. To assist the Board in its review of the comparability of the relative performance, management generally has ranked the relevancy of the Performance Peer Groups to the Funds as low, medium or high.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract(continued)

In its review of relative performance, the Board considered a Fund's performance relative to its Performance Peer Group, among other things, by evaluating its quartile ranking with the 1st quartile representing the top performing funds within the Performance Peer Group and the 4th quartile representing the lowest performing funds.

The Board evaluated performance in light of various relevant factors which may include, among other things, general market conditions, issuer- specific information, asset class information, leverage and fund cash flows. The Board considered that long-term performance could be impacted by even one period of significant outperformance or underperformance and that a single investment theme could disproportionately affect performance. Further, the Board considered that market and economic conditions may significantly impact a fund's performance, particularly over shorter periods, and such performance may be more reflective of such economic or market events and not necessarily reflective of management skill. Although the Board reviews short-, intermediate- and longer-term performance data, the Board considered that longer periods of performance may reflect full market cycles.

In their review from year to year, the Board Members consider and may place different emphasis on the relevant information in light of changing circumstances in market and economic conditions. In evaluating performance, the Board focused particular attention on funds with less favorable performance records. However, depending on the facts and circumstances, including any differences between the respective fund and its benchmark and/or Performance Peer Group, the Board may be satisfied with a fund's performance notwithstanding that its performance may be below that of its benchmark and/or peer group for certain periods. With respect to any funds for which the Board has identified performance issues, the Board seeks to monitor such funds more closely until performance improves, discuss with the Adviser the reasons for such results, consider whether any steps are necessary or appropriate to address such issues, discuss and evaluate the potential consequences of such steps and review the results of any steps undertaken.

The performance determinations with respect to each Fund are summarized below.

•

For Nuveen Dividend Growth Fund, the Board considered that although the Fund's performance was below the performance of its benchmark for the one-,three- and five-year periods ended December 31, 2023 and March 31, 2024, the Fund ranked in the second quartile of its Performance Peer Group for the one-and three-year periods ended December 31, 2023 and first quartile for the five-year period ended December 31, 2023. In addition, the Fund ranked in the third quartile of its Performance Peer Group for the one-yearperiod, second quartile for the three-year period and first quartile for the five-year period ended March 31, 2024. On the basis of the Board's ongoing review of investment performance and all relevant factors, including the relative market conditions during certain reporting periods, the Fund's investment objective(s) and management's discussion of performance, the Board concluded that the Fund's performance supported renewal of the Advisory Agreements.

•

For Nuveen Global Dividend Growth Fund, the Board considered that although the Fund's performance was below the performance of its benchmark for the one-and five-year periods ended December 31, 2023, the Fund outperformed its benchmark for the three-year period ended December 31, 2023. The Fund also ranked in the second quartile of its Performance Peer Group for the one-and three-year periods ended December 31, 2023 and first quartile for the five-year period ended December 31, 2023. In addition, although the Fund's performance was below the performance of its benchmark for the one-,three- and five-year periods ended March 31, 2024, the Fund ranked in the first quartile of its Performance Peer Group for the one-,three- and five-year periods ended March 31, 2024. On the basis of the Board's ongoing review of investment performance and all relevant factors, including the relative market conditions during certain reporting periods, the Fund's investment objective(s) and management's discussion of performance, the Board concluded that the Fund's performance supported renewal of the Advisory Agreements.

•

For Nuveen International Dividend Growth Fund, the Board considered that although the Fund's performance was below the performance of its benchmark for the one-and five-year periods ended December 31, 2023 and March 31, 2024, the Fund outperformed its benchmark for the three-year periods ended December 31, 2023 and March 31, 2024. In addition, although the Fund ranked in the fourth quartile of its Performance Peer Group for the one-yearperiod ended December 31, 2023, the Fund ranked in the second quartile for the three-year period and third quartile for the five-year period ended December 31, 2023. The Fund also ranked in the third quartile of its Performance Peer Group for the one-yearperiod, first quartile for the three-year period and second quartile for the five-year period ended March 31, 2024. On the basis of the Board's ongoing review of investment performance and all relevant factors, including the relative market conditions during certain reporting periods, the Fund's investment objective(s) and management's discussion of performance, the Board concluded that the Fund's performance supported renewal of the Advisory Agreements.

•

For Nuveen International Small Cap Fund, the Board considered that although the Fund's performance was below the performance of its benchmark for the one-and five-year periods ended December 31, 2023 and March 31, 2024, the Fund outperformed its benchmark for the three-year periods ended December 31, 2023 and March 31, 2024. In addition, although the Fund ranked in the fourth quartile of its Performance Peer Group for the one-yearperiod ended December 31, 2023, the Fund ranked in the first quartile for the three-year period and third quartile for the five-year period ended December 31, 2023. Further, although the Fund ranked in the fourth quartile of its Performance Peer Group for the one-and five-year periods ended March 31, 2024, the Fund ranked in the second quartile for the three-year period ended March 31, 2024. On the basis of the Board's ongoing review of investment performance and all relevant factors, including the relative market conditions during certain reporting periods, the Fund's investment objective(s) and management's discussion of performance, the Board concluded that the Fund's performance supported renewal of the Advisory Agreements.

•

For Nuveen Winslow Large-CapGrowth ESG Fund, the Board considered that although the Fund's performance was below the performance of its benchmark for the three- and five-year periods ended December 31, 2023 and March 31, 2024, the Fund outperformed its benchmark for the one-yearperiods ended December 31, 2023 and March 31, 2024. The Fund also ranked in the second quartile of its Performance Peer Group for the one-yearperiod and first quartile for the three- and five-year periods ended December 31, 2023. In addition, the Fund ranked in the first quartile of its Performance Peer Group for the one-,three- and five-year periods ended March 31, 2024. On the basis of the Board's ongoing review of investment performance and all relevant factors, including the relative market conditions during certain reporting periods, the Fund's investment objective(s) and management's discussion of performance, the Board concluded that the Fund's performance supported renewal of the Advisory Agreements.

C. Fees, Expenses and Profitability

1.	Fees and Expenses

As part of its annual review, the Board generally reviewed, among other things, the contractual management fee and the net/actual management fee (i.e., the management fee after taking into consideration fee waivers and/or expense reimbursements, if any) paid by a Fund to the Adviser in light of the nature, extent and quality of the services provided. The Board also reviewed information about other expenses and the total operating expense ratio of each Fund (after any fee waivers and/or expense reimbursements). More specifically, the Board Members reviewed, among other things, each Fund's management fee rates and net total expense ratio in relation to similar data for a comparable universe of funds (the "Expense Universe") and for a more focused subset of comparable funds (the "Expense Group") established by Broadridge (subject to certain exceptions). The Board Members reviewed the methodology Broadridge employed to establish its Expense Universe and Expense Group (as applicable) and considered that differences between the applicable fund and its respective Expense Universe and/or Expense Group, as well as changes to the composition of the Expense Universe and/or Expense Group from year to year, may limit some of the value of the comparative data. The Board Members also considered that it can be difficult to compare management fees among funds as there are variations in the services that are included for the fees paid. The Board Members took these limitations and differences into account when reviewing comparative peer data.

The Board Members also considered a Fund's operating expense ratio as it more directly reflected a shareholder's total costs in investing in the respective fund. In their review, the Board Members considered, in particular, each fund with a net total expense ratio meeting certain expense or fee criteria when compared to its Expense Universe and Expense Group (if any) and an analysis as to the factors contributing to each such fund's relative net total expense ratio.

The Board Members also considered, in relevant part, a Fund's management fee and net total expense ratio in light of the Fund's performance history, including reviewing certain funds identified by management and/or the Board as having a higher net total expense ratio or management fee compared to their respective peers coupled with experiencing periods of challenged performance and considering the reasons for such comparative positions.

In their evaluation of the fee arrangements for the Funds, the Board Members also reviewed the management fee schedules and the expense reimbursements and/or fee waivers agreed to by the Adviser for the respective fund (if any). In its review, the Board considered that the management fees of the Nuveen funds were generally comprised of two components, a fund-level component and a complex-level component, each with its own breakpoint schedule, subject to certain exceptions. As indicated above, the Board approved a revised fee schedule which would reduce and streamline the asset thresholds necessary to meet breakpoints in the complex-level fee component. The Board considered that management anticipated approximately $50 million in savings for Nuveen fund shareholders as a result of the revised fee schedule as well as additional estimated savings over time. The Board further considered management's representation that there will be no increase to any Nuveen fund's respective advisory agreement fee rate as a result of the revised complex-level fee schedule.

In its review, the Board considered that across the Nuveen fund and TC fund complex, management estimated that fund-level breakpoints resulted in approximately $82.5 million in reduced fees overall in 2023 and expense caps and reimbursements generated approximately an additional $91 million in savings to shareholders. In addition, the Board considered that management determined that the Nuveen funds achieved additional fee reductions of approximately $49 million due to the complex-wide management fee structure in 2023.

With respect to each Sub-Adviser,the Board also considered, among other things, the sub-advisoryfee schedule paid to the Sub-Adviserin light of the sub-advisoryservices provided to the respective Fund. In its review, the Board considered that the compensation paid to each Sub-Adviseris the responsibility of NFAL, not the applicable Fund(s).

The Board's considerations regarding the comparative fee data for each of the Funds are set forth below. With respect to the quartile rankings noted below, the first quartile represents the range of funds with the lowest management fee rate or net total expense ratio, as applicable, and the fourth quartile represents the range of funds with the highest management fee rate or net total expense ratio, as applicable. The Board considered that Broadridge only calculates quartiles if a minimum number of peers is available and therefore quartile rankings may not be available for certain Expense Groups and/or Expense Universes.

•

For Nuveen Dividend Growth Fund, the Fund's contractual management fee rate, actual management fee rate and net total expense ratio ranked in the second quartile, second quartile and first quartile of its Expense Group, respectively. In addition, the Fund's contractual management fee rate, actual management fee rate and net total expense ratio ranked in the second quartile, third quartile and first quartile of its Expense Universe, respectively. Further, the Fund's actual management fee rate and net total expense ratio were below the Expense Group median.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract(continued)

•

For Nuveen Global Dividend Growth Fund, the Fund's contractual management fee rate, actual management fee rate and net total expense ratio ranked in the second quartile, first quartile and first quartile of its Expense Group, respectively. In addition, the Fund's contractual management fee rate, actual management fee rate and net total expense ratio ranked in the third quartile, first quartile and third quartile of its Expense Universe, respectively. Further, the Fund's actual management fee rate and net total expense ratio were below the Expense Group median.

•

For Nuveen International Dividend Growth Fund, the Fund's contractual management fee rate, actual management fee rate and net total expense ratio ranked in the second quartile, first quartile and second quartile of its Expense Group, respectively. In addition, the Fund's contractual management fee rate, actual management fee rate and net total expense ratio ranked in the first quartile, first quartile and second quartile of its Expense Universe, respectively. Further, the Fund's actual management fee rate and net total expense ratio were below the Expense Group median.

•

For Nuveen International Small Cap Fund, the Fund's contractual management fee rate, actual management fee rate and net total expense ratio each ranked in the first quartile of its Expense Group and Expense Universe, respectively. In addition, the Fund's actual management fee rate and net total expense ratio were below the Expense Group median.

•

For Nuveen Winslow Large-CapGrowth ESG Fund, the Fund's contractual management fee rate, actual management fee rate and net total expense ratio ranked in the third quartile, first quartile and first quartile of its Expense Group, respectively. In addition, the Fund's contractual management fee rate, actual management fee rate and net total expense ratio ranked in the third quartile, first quartile and second quartile of its Expense Universe, respectively. Further, the Fund's actual management fee rate and net total expense ratio were below the Expense Group median.

Based on its review of the information provided, the Board determined that each Fund's management fees (as applicable) to a Fund Adviser were reasonable in light of the nature, extent and quality of services provided to the Fund.

2.	Comparisons with the Fees of Other Clients

In evaluating the appropriateness of fees, the Board also considered that the Adviser, affiliated sub-advisersand/or their affiliate(s) provide investment management services to other types of clients which may include: separately managed accounts, retail managed accounts, foreign funds (UCITS), other investment companies (as sub-advisers),limited partnerships and collective investment trusts. The Board reviewed the equal weighted average fee or other fee data for the other types of clients managed in a similar manner to certain of the Nuveen funds and TC funds. The Board considered the Adviser's rationale for the differences in the management fee rates of the funds compared to the management fee rates charged to these other types of clients. In this regard, the Board considered that differences, including but not limited to, the amount, type and level of services provided by the Adviser to the funds compared to that provided to other clients as well as differences in investment policies; regulatory, disclosure and governance requirements; servicing relationships with vendors; the manner of managing such assets; product structure; investor profiles; and account sizes all may contribute to variations in relative fee rates. Further, differences in the client base, governing bodies, distribution, jurisdiction and operational complexities also would contribute to variations in management fees assessed the funds compared to foreign fund clients. In addition, differences in the level of advisory services required for passively managed funds also contribute to differences in the management fee levels of such funds compared to actively managed funds. As a general matter, higher fee levels reflect higher levels of service provided by the Adviser, increased investment management complexity, greater product management requirements, and higher levels of business risk or some combination of these factors. The Board considered the wide range of services in addition to investment management that the Adviser had provided to the funds compared to other types of clients as well as the increased entrepreneurial, legal and regulatory risks that the Adviser incurs in sponsoring and managing the funds. The Board further considered that a sub-adviser'sfee is essentially for portfolio management services and therefore more comparable to the fees it receives for retail wrap accounts and other external sub-advisorymandates. The Board concluded that the varying levels of fees were reasonable given, among other things, the more extensive services, regulatory requirements and legal liabilities, and the entrepreneurial, legal and regulatory risks incurred in sponsoring and advising a registered investment company compared to that required in advising other types of clients.

3.	Profitability of Fund Advisers

In their review, the Board Members considered various profitability data relating to the Fund Advisers' services to the Nuveen funds.

With respect to the Nuveen funds, the Board Members reviewed the estimated profitability information of Nuveen as a result of its advisory services to the Nuveen funds overall as well as profitability data of certain other asset management firms. Such profitability information included, among other things, gross and net revenue margins (excluding distribution) of Nuveen Investments, Inc. ("Nuveen Investments") for services to the Nuveen funds on a pre-taxand after-taxbasis for the 2023 and 2022 calendar years as well as the revenues earned (less any expense reimbursements/fee waivers) and expenses incurred by Nuveen Investments for its advisory activities to the Nuveen funds (excluding distribution) for the 2023 and 2022 calendar years. The Board Members also considered the rationale for the change in Nuveen's profitability from 2022 to 2023. In addition, the Board reviewed the revenues, expenses and operating margin (pre-and after-tax)NFAL derived from its exchange-traded fund product line for the 2023 and 2022 calendar years.

In developing the profitability data, the Board Members considered the subjective nature of calculating profitability as the information is not audited and is necessarily dependent on cost allocation methodologies to allocate expenses throughout the complex and among the various advisory products. Given there is no single universally recognized expense allocation methodology and that other reasonable and valid allocation methodologies could be employed and could lead to significantly different results, the Board reviewed, among other things, a description of the cost allocation methodologies employed to develop the financial information, a summary of the refinements Nuveen had made to the methodology that had occurred over the years from 2010 through 2021 to provide Nuveen's profitability analysis, and a historical expense analysis of Nuveen Investments' revenues, expenses and pre-taxnet revenue margins derived from its advisory services to the Nuveen funds (excluding distribution) for the calendar years from 2017 through 2023. The Board of the Nuveen funds had also appointed two Board Members to serve as the Board's liaisons to meet with representatives of NFAL and review the development of the profitability data and to report to the full Board.

In addition, the Board considered certain comparative operating margin data. In this regard, the Board reviewed the operating margins of Nuveen Investments compared to the adjusted operating margins of a peer group of asset management firms with publicly available data and the most comparable assets under management (based on asset size and asset composition) to Nuveen. The Board considered that the operating margins of the peers were adjusted generally to address that certain services provided by the peers were not provided by Nuveen. The Board also reviewed, among other things, the net revenue margins (pre-tax)of Nuveen Investments on a company-wide basis and the net revenue margins (pre-tax)of Nuveen Investments derived from its services to the Nuveen funds only (including and excluding distribution) compared to the adjusted operating margins of the peer group for each calendar year from 2014 to 2023. In their review of the comparative data, the Board Members considered the limitations of the comparative data given that peer data is not generally public and the calculation of profitability is subjective and affected by numerous factors (such as types of funds a peer manages, its business mix, its cost of capital, the numerous assumptions underlying the methodology used to allocate expenses and other factors) that can have a significant impact on the results.

Aside from the profitability data, the Board considered that NFAL and TAL are affiliates of Teachers Insurance and Annuity Association of America ("TIAA"). NFAL is a subsidiary of Nuveen, LLC, the investment management arm of TIAA, and TAL is an indirect wholly owned subsidiary of TIAA. Accordingly, the Board also reviewed a balance sheet for TIAA reflecting its assets, liabilities and capital and contingency reserves for the 2023 and 2022 calendar years to consider the financial strength of TIAA. The Board considered the benefit of an investment adviser and its parent with significant resources, particularly during periods of market volatility. The Board also considered the reinvestments the Adviser, its parent and/or other affiliates made into their business through, among other things, the investment of seed capital in certain funds, initiatives in international expansion, investments in infrastructure and continued investments in enhancements to technological capabilities.

The Board Members considered the profitability of each Sub-Adviserfrom its relationships with the respective Nuveen funds. In this regard, the Board Members reviewed, among other things, each Sub-Adviser'srevenues, expenses and net revenue margins (pre- and after-tax)for its advisory activities to the respective Nuveen funds for the calendar years ended December 31, 2023 and December 31, 2022. The Board Members also reviewed a profitability analysis reflecting the revenues, expenses and revenue margin (pre-and after-tax)grouped by similar types of funds (such as municipal, taxable fixed income, equity, real assets and index/asset allocation) for NAM for the calendar years ending December 31, 2023 and December 31, 2022.

In evaluating the reasonableness of the compensation, the Board Members also considered the indirect benefits NFAL or the Sub-Advisersreceived that were directly attributable to the management of the applicable funds as discussed in further detail below. Based on its review, the Board was satisfied that each Fund Adviser's level of profitability from its relationship with each Nuveen fund was not unreasonable over various time frames in light of the nature, extent and quality of services provided.

D. Economies of Scale and Whether Fee Levels Reflect These Economies of Scale

The Board considered whether there have been economies of scale with respect to the management of the funds in the fund complex, including the Funds, whether these economies of scale have been appropriately shared with such funds and whether there is potential for realization of further economies of scale. Although the Board considered that economies of scale are difficult to measure with any precision and the rates at which certain expenses are incurred may not decline with a rise in assets, the Board considered that there are various methods that may be employed to help share the benefits of economies of scale, including, among other things, through the use of breakpoints in the management fee schedule, fee waivers and/or expense limitations, the pricing of funds at scale at inception and investments in the Adviser's business which can enhance the services provided to the applicable funds for the fees paid. The Board considered that the Adviser has generally employed one or more of these various methods among the applicable funds.

In this regard, the Board considered, as noted above, that the management fee of NFAL generally was comprised of a fund-level component and a complex-level component each with its own breakpoint schedule, subject to certain exceptions. With this structure, the Board considered that the complex-level breakpoint schedule was designed to deliver the benefits of economies of scale to shareholders when the assets of eligible funds in the complex pass certain thresholds even if the assets of a particular fund are unchanged or have declined, and the fund-level breakpoint schedules were designed to share economies of scale with shareholders if the particular fund grows. The Board reviewed the fund-level and complex-level fee schedules. As summarized above, the Board approved a new complex-level breakpoint schedule which would simplify and reduce the complex-level fee rates at various thresholds and expanded the eligible funds whose assets would be included in calculating the complex-level fee, effective May 1, 2024. Among other things, the assets of certain TC funds advised by TAL would be phased into the calculation of the complex-wide assets in determining the complex-level fee over a ten-yearperiod. The Board considered the cost savings and additional potential sharing of economies of scale as a result of the reduced complex-level breakpoint schedule and the additional assets from more eligible funds in calculating the assets of the

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract(continued)

complex for determining the complex-level fee component. The Board reviewed the projected shareholder savings derived from such modifications over a ten-yearperiod from 2024 to 2033. The Board considered management's representation that there will be no increase to any fund's respective advisory agreement fee rate.

In addition to the fund-level and complex-level fee schedules (if applicable), the Board Members considered the temporary and/or permanent expense caps (if any) applicable to a Fund. The Board considered that such waivers and reimbursements applicable to the respective funds are another means for potential economies of scale to be shared with shareholders of such funds and can provide a protection from an increase in expenses if the assets of the applicable funds decline.

The Board Members also considered the continued reinvestment in Nuveen/TIAA's business to enhance its capabilities and services to the benefit of its various clients. The Board understood that many of these investments were not specific to individual funds, but rather incurred across a variety of products and services pursuant to which the family of funds as a whole may benefit. The Board further considered that the Adviser and its affiliates have provided certain additional services, including, but not limited to, services required by new regulations and regulatory interpretations, without raising advisory fees to the funds, and this was also a means of sharing economies of scale with the funds and their shareholders. The Board considered the Adviser's and/or its affiliates' ongoing efforts to streamline the product line-up,among other things, to create more scaled funds which may help improve both expense and trading economies.

Based on its review, the Board was satisfied that the current fee arrangements together with the reinvestment in management's business appropriately shared any economies of scale with shareholders.

E. Indirect Benefits

The Board Members received and considered information regarding various indirect benefits the respective Fund Adviser or its affiliates may receive as a result of their relationship with the funds in the fund complex, including the Funds. These benefits included, among other things, economies of scale to the extent the Adviser or its affiliates share investment resources and/or personnel with other clients of the Adviser. The funds may also be used as investment options for other products or businesses offered by the Adviser and/or its affiliates, such as variable products, fund of funds and 529 education savings plans, and affiliates of the Adviser may serve as sub-advisersto various funds in which case all advisory and sub-advisoryfees generated by such funds stay within Nuveen.

Further, the funds may pay the Adviser and/or its affiliates for other services, such as distribution. In this regard, the Board Members considered that an affiliate of the Adviser serves as principal underwriter providing distribution and/or shareholder services to the open-endfunds for which it may be compensated. The Board Members also considered that certain share classes of the open-endfunds (subject to certain exceptions) pay 12b-1fees, some of which may be retained by the Adviser's affiliate. In addition, the Board Members considered that the Adviser and affiliated sub-advisersmay utilize soft dollar brokerage arrangements attributable to the respective funds to obtain research and other services for any or all of their clients, although the Board Members also considered reimbursements of such costs by the Adviser and/or sub-advisers,as applicable.

The Adviser and its affiliates may also benefit from the advisory relationships with the funds in the fund complex to the extent this relationship results in potential investors viewing the TIAA group of companies as a leading retirement plan provider in the academic and nonprofit market and a single source for all their financial service needs. The Adviser and/or its affiliates may further benefit to the extent that they have pricing or other information regarding vendors the funds utilize in establishing arrangements with such vendors for other products.

Based on its review, the Board concluded that any indirect benefits received by a Fund Adviser as a result of its relationship with the applicable Fund(s) were reasonable in light of the services provided.

F. Other Considerations

The Board Members did not identify any single factor discussed previously as all-importantor controlling. The Board Members concluded that the terms of each Advisory Agreement were reasonable, that the respective Fund Adviser's fees were reasonable in light of the services provided to each applicable Fund and that the Advisory Agreements be renewed for an additional one-yearperiod.

Item 12.

Disclosure of Proxy Voting Policies and Procedures for Closed-EndManagement Investment Companies.

Not applicable to open-endinvestment companies.

Item 13.

Portfolio Managers of Closed-EndManagement Investment Companies.

Not applicable to open-endinvestment companies.

Item 14.

Purchases of Equity Securities by Closed-EndManagement Investment Company and Affiliated Purchasers.

Not applicable to open-endinvestment companies.

Item 15.

Submission of Matters to a Vote of Security Holders.

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.

(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-EndManagement Investment Companies.

(a)	Not applicable to open-endinvestment companies.

(b)	Not applicable to open-endinvestment companies.

Item 18.

Recovery of Erroneously Awarded Compensation.

(a)	Not applicable.

(b)	Not applicable.

Item 19.

Exhibits.

(a)(1)

Not applicable because the code of ethics is available, upon request and without charge, by calling 800-257-8787and there were no amendments during the period covered by this report.

(a)(2)

Not applicable.

(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.

(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.

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.

Nuveen Investment Trust II

Date: October 4, 2024

By: /s/ Jordan M. Farris

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: October 4, 2024		By: /s/ Jordan M. Farris Jordan M. Farris Chief Administrative Officer (principal executive officer)

Date: October 4, 2024		By: /s/ E. Scott Wickerham E. Scott Wickerham Vice President and Controller (principal financial officer)

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