Nuveen Investment Trust II

04/02/2026 | Press release | Distributed by Public on 04/02/2026 08:29

Semi-Annual Report by Investment Company (Form N-CSRS)

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:  July 31
Date of reporting period:  January 31, 2026
Item 1.
Reports to Stockholders.
    

Semi-Annual Shareholder Report  
January 31, 2026   
Nuveen Dividend Growth Fund
Class A Shares/NSBAX
Semi-Annual Shareholder Report
This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Dividend Growth Fund for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.
What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)
Cost of a 
$10,000 investment 
Costs paid as a percentage of
$10,000 investment*
Class A Shares
$46  0.90%
* Annualized for period less than one year.
Fund Statistics (as of January 31, 2026)
Fund net assets
$6,659,111,483
Total number of portfolio holdings
45
Portfolio turnover (%)
8%
What did the Fund invest in? (as of January 31, 2026)
 
1 continued»
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_SAR_0126
5190191
2
    

Semi-Annual Shareholder Report  
January 31, 2026   
Nuveen Dividend Growth Fund
Class C Shares/NSBCX
Semi-Annual Shareholder Report
This semi-annual shareholder report contains important information about the Class C Shares of the Nuveen Dividend Growth Fund for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.
What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)
Cost of a 
$10,000 investment 
Costs paid as a percentage of
$10,000 investment*
Class C Shares
$85  1.65%
* Annualized for period less than one year.
Fund Statistics (as of January 31, 2026)
Fund net assets
$6,659,111,483
Total number of portfolio holdings
45
Portfolio turnover (%)
8%
What did the Fund invest in? (as of January 31, 2026)
 
1 continued»
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_SAR_0126
5190191
2
    

Semi-Annual Shareholder Report  
January 31, 2026   
Nuveen Dividend Growth Fund
Class R6 Shares/NSBFX
Semi-Annual Shareholder Report
This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Dividend Growth Fund for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.
What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)
Cost of a 
$10,000 investment 
Costs paid as a percentage of
$10,000 investment*
Class R6 Shares
$31  0.61%
* Annualized for period less than one year.
Fund Statistics (as of January 31, 2026)
Fund net assets
$6,659,111,483
Total number of portfolio holdings
45
Portfolio turnover (%)
8%
What did the Fund invest in? (as of January 31, 2026)
 
1 continued»
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_SAR_0126
5190191
2
    

Semi-Annual Shareholder Report  
January 31, 2026   
Nuveen Dividend Growth Fund
Class I Shares/NSBRX
Semi-Annual Shareholder Report
This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Dividend Growth Fund for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.
What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)
Cost of a 
$10,000 investment 
Costs paid as a percentage of
$10,000 investment*
Class I Shares
$34  0.65%
* Annualized for period less than one year.
Fund Statistics (as of January 31, 2026)
Fund net assets
$6,659,111,483
Total number of portfolio holdings
45
Portfolio turnover (%)
8%
What did the Fund invest in? (as of January 31, 2026)
 
1 continued»
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_SAR_0126
5190191
2
    

Semi-Annual Shareholder Report  
January 31, 2026   
Nuveen Global Dividend Growth Fund
Class A Shares/NUGAX
Semi-Annual Shareholder Report
This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Global Dividend Growth Fund for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.
What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)
Cost of a 
$10,000 investment 
Costs paid as a percentage of
$10,000 investment*
Class A Shares
$60  1.15%
* Annualized for period less than one year.
Fund Statistics (as of January 31, 2026)
Fund net assets
$16,620,392
Total number of portfolio holdings
49
Portfolio turnover (%)
9%
1 continued»
What did the Fund invest in? (as of January 31, 2026)
   
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_SAR_0126
5190206
2
    

Semi-Annual Shareholder Report  
January 31, 2026   
Nuveen Global Dividend Growth Fund
Class C Shares/NUGCX
Semi-Annual Shareholder Report
This semi-annual shareholder report contains important information about the Class C Shares of the Nuveen Global Dividend Growth Fund for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.
What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)
Cost of a 
$10,000 investment 
Costs paid as a percentage of
$10,000 investment*
Class C Shares
$98  1.90%
* Annualized for period less than one year.
Fund Statistics (as of January 31, 2026)
Fund net assets
$16,620,392
Total number of portfolio holdings
49
Portfolio turnover (%)
9%
1 continued»
What did the Fund invest in? (as of January 31, 2026)
   
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_SAR_0126
5190206
2
    

Semi-Annual Shareholder Report  
January 31, 2026   
Nuveen Global Dividend Growth Fund
Class I Shares/NUGIX
Semi-Annual Shareholder Report
This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Global Dividend Growth Fund for the period of August 1, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.
What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)
Cost of a 
$10,000 investment 
Costs paid as a percentage of
$10,000 investment*
Class I Shares
$47  0.90%
* Annualized for period less than one year.
Fund Statistics (as of January 31, 2026)
Fund net assets
$16,620,392
Total number of portfolio holdings
49
Portfolio turnover (%)
9%
1 continued»
What did the Fund invest in? (as of January 31, 2026)
   
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_SAR_0126
5190206
2
    

Semi-Annual Shareholder Report  
January 31, 2026   
Nuveen Winslow Large-Cap Growth ESG Fund
Class A Shares/NWCAX
Semi-Annual Shareholder Report
This semi-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, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.
What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)
Cost of a 
$10,000 investment 
Costs paid as a percentage of
$10,000 investment*
Class A Shares
$45  0.90%
* Annualized for period less than one year.
Fund Statistics (as of January 31, 2026)
Fund net assets
$822,810,171
Total number of portfolio holdings
47
Portfolio turnover (%)
47%
What did the Fund invest in? (as of January 31, 2026)
 
1 continued»
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_SAR_0126
5190215
2
    

Semi-Annual Shareholder Report  
January 31, 2026   
Nuveen Winslow Large-Cap Growth ESG Fund
Class C Shares/NWCCX
Semi-Annual Shareholder Report
This semi-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, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.
What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)
Cost of a 
$10,000 investment 
Costs paid as a percentage of
$10,000 investment*
Class C Shares
$83  1.65%
* Annualized for period less than one year.
Fund Statistics (as of January 31, 2026)
Fund net assets
$822,810,171
Total number of portfolio holdings
47
Portfolio turnover (%)
47%
What did the Fund invest in? (as of January 31, 2026)
 
1 continued»
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_SAR_0126
5190215
2
    

Semi-Annual Shareholder Report  
January 31, 2026   
Nuveen Winslow Large-Cap Growth ESG Fund
Class R6 Shares/NWCFX
Semi-Annual Shareholder Report
This semi-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, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.
What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)
Cost of a 
$10,000 investment 
Costs paid as a percentage of
$10,000 investment*
Class R6 Shares
$29  0.58%
* Annualized for period less than one year.
Fund Statistics (as of January 31, 2026)
Fund net assets
$822,810,171
Total number of portfolio holdings
47
Portfolio turnover (%)
47%
What did the Fund invest in? (as of January 31, 2026)
 
1 continued»
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_SAR_0126
5190215
2
    

Semi-Annual Shareholder Report  
January 31, 2026   
Nuveen Winslow Large-Cap Growth ESG Fund
Class I Shares/NVLIX
Semi-Annual Shareholder Report
This semi-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, 2025 to January 31, 2026. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.
What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment)
Cost of a 
$10,000 investment 
Costs paid as a percentage of
$10,000 investment*
Class I Shares
$33  0.65%
* Annualized for period less than one year.
Fund Statistics (as of January 31, 2026)
Fund net assets
$822,810,171
Total number of portfolio holdings
47
Portfolio turnover (%)
47%
What did the Fund invest in? (as of January 31, 2026)
 
1 continued»
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_SAR_0126
5190215
2
Item 2.

Code of Ethics.

Not applicable to this filing.

Item 3.

Audit Committee Financial Expert.

Not applicable to this filing.

Item 4.

Principal Accountant Fees and Services.

Not applicable to this filing.

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-End Management Investment Companies.

1
Portfolio of Investments January 31, 2026
Dividend Growth
See Notes To Financial Statements
(Unaudited)
SHARES
DESCRIPTION
VALUE
LONG-TERM INVESTMENTS - 98.7%
6570556743
COMMON STOCKS - 98.7%
6570556743
BANKS - 3.6%
774,070
JPMorgan Chase & Co
$
236,780,272
TOTAL BANKS
236,780,272
CAPITAL GOODS - 8.2%
385,557
Eaton Corp plc
135,492,441
703,993
Honeywell International, Inc
160,172,487
181,829
Northrop Grumman Corp
125,872,944
303,411
Trane Technologies plc
127,608,598
TOTAL CAPITAL GOODS
549,146,470
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 4.0%
415,590
Lowe's Cos, Inc
110,987,466
1,028,341
TJX Cos, Inc
154,055,765
TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL
265,043,231
CONSUMER SERVICES - 3.6%
503,655
McDonald's Corp
158,651,325
865,327
Starbucks Corp
79,566,818
TOTAL CONSUMER SERVICES
238,218,143
CONSUMER STAPLES DISTRIBUTION & RETAIL - 3.1%
1,717,648
Walmart, Inc
204,640,583
TOTAL CONSUMER STAPLES DISTRIBUTION & RETAIL
204,640,583
ENERGY - 4.2%
727,848
Chevron Corp
128,756,311
1,072,739
Exxon Mobil Corp
151,685,295
TOTAL ENERGY
280,441,606
EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) - 3.7%
599,569
American Tower Corp
107,490,730
1,086,923
ProLogis, Inc
141,908,667
TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)
249,399,397
FINANCIAL SERVICES - 10.6%
521,906
American Express Co
183,799,636
774,575
Ares Management Corp, Class A
115,930,640
332,940
Mastercard, Inc, Class A
179,384,742
1,051,665
NASDAQ, Inc
101,895,822
240,563
S&P Global, Inc
126,966,746
TOTAL FINANCIAL SERVICES
707,977,586
FOOD, BEVERAGE & TOBACCO - 4.7%
1,221,090
Mondelez International, Inc, Class A
71,397,132
486,547
PepsiCo, Inc
74,748,216
933,716
Philip Morris International, Inc
167,545,999
TOTAL FOOD, BEVERAGE & TOBACCO
313,691,347
HEALTH CARE EQUIPMENT & SERVICES - 3.1%
977,948
Abbott Laboratories
106,889,717
295,826
Elevance Health, Inc
102,278,881
TOTAL HEALTH CARE EQUIPMENT & SERVICES
209,168,598
INSURANCE - 1.7%
583,151
Marsh & McLennan Cos, Inc
109,743,187
TOTAL INSURANCE
109,743,187
MATERIALS - 3.3%
272,711
Linde plc
124,620,746
2,278,464
Smurfit WestRock plc
94,852,456
TOTAL MATERIALS
219,473,202
MEDIA & ENTERTAINMENT - 2.9%
2,714,060
Comcast Corp, Class A
80,743,285
155,473
Meta Platforms, Inc
111,396,404
TOTAL MEDIA & ENTERTAINMENT
192,139,689
Portfolio of Investments January 31, 2026
(continued)
Dividend Growth
2
See Notes To Financial Statements
SHARES
DESCRIPTION
VALUE
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 6.6%
585,447
AbbVie, Inc
$
130,560,535
560,685
Danaher Corp
122,728,340
1,070,952
Merck & Co, Inc
118,093,877
535,144
Zoetis, Inc
66,796,674
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES
438,179,426
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 8.4%
945,786
Broadcom, Inc
313,338,902
744,656
Taiwan Semiconductor Manufacturing Co Ltd, Sponsored ADR
246,153,487
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT
559,492,389
SOFTWARE & SERVICES - 8.9%
529,084
Accenture plc, Class A
139,487,706
1,046,200
Microsoft Corp
450,169,398
TOTAL SOFTWARE & SERVICES
589,657,104
TECHNOLOGY HARDWARE & EQUIPMENT - 12.2%
1,681,519
Amphenol Corp, Class A
242,273,257
1,587,406
Apple, Inc
411,900,109
387,053
Motorola Solutions, Inc
155,804,315
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT
809,977,681
TRANSPORTATION - 1.4%
403,489
Union Pacific Corp
94,860,264
TOTAL TRANSPORTATION
94,860,264
UTILITIES - 4.5%
2,023,091
NextEra Energy, Inc
177,829,699
1,126,745
WEC Energy Group, Inc
124,696,869
TOTAL UTILITIES
302,526,568
TOTAL COMMON STOCKS
(Cost $3,324,034,651)
6,570,556,743
TOTAL LONG-TERM INVESTMENTS
(Cost $3,324,034,651)
6,570,556,743
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM INVESTMENTS - 1.1%
74928785
REPURCHASE AGREEMENTS - 1.1%
74928785
$
2,253,785
(a)
Fixed Income Clearing Corporation
1.060
%
02/02/26
2,253,785
72,675,000
(b)
Fixed Income Clearing Corporation
3.630
02/02/26
72,675,000
TOTAL REPURCHASE AGREEMENTS
(Cost $74,928,785)
74,928,785
TOTAL SHORT-TERM INVESTMENTS
(Cost $74,928,785)
74,928,785
TOTAL INVESTMENTS - 99.8%
(Cost $3,398,963,436)
6,645,485,528
OTHER ASSETS & LIABILITIES, NET - 0.2%
13,625,955
NET ASSETS - 100%
$
6,659,111,483
ADR
American Depositary Receipt
S&P
Standard & Poor's
(a)
Agreement with Fixed Income Clearing Corporation, 1.060% dated 1/30/26 to be repurchased at $2,253,984 on 2/2/26,
collateralized by Government Agency Securities, with coupon rate 4.375% and maturity date 7/15/27, valued at $2,299,051.
(b)
Agreement with Fixed Income Clearing Corporation, 3.630% dated 1/30/26 to be repurchased at $72,696,984 on 2/2/26,
collateralized by Government Agency Securities, with coupon rate 4.625% and maturity date 11/15/55, valued at $74,128,516.
3
Portfolio of Investments January 31, 2026
Global Dividend Growth
See Notes To Financial Statements
(Unaudited)
SHARES
DESCRIPTION
VALUE
LONG-TERM INVESTMENTS - 99.0%
16458206
COMMON STOCKS - 99.0%
CANADA - 3.3%
5,371
Enbridge, Inc
$
262,190
1,697
Royal Bank of Canada
282,557
TOTAL CANADA
544,747
FRANCE - 9.0%
4,458
Accor S.A.
242,431
7,706
AXA S.A.
351,387
399
LVMH Moet Hennessy Louis Vuitton SE
257,516
3,784
TotalEnergies SE
275,205
9,893
Veolia Environnement S.A.
371,058
TOTAL FRANCE
1,497,597
GERMANY - 2.4%
1,961
SAP SE
391,746
TOTAL GERMANY
391,746
HONG KONG - 0.7%
74,487
HKT Trust & HKT Ltd
111,628
TOTAL HONG KONG
111,628
IRELAND - 1.3%
817
Accenture plc, Class A
215,394
TOTAL IRELAND
215,394
JAPAN - 5.8%
35,725
ITOCHU Corp
457,372
10,700
KDDI Corp
180,658
10,900
ORIX Corp
332,182
TOTAL JAPAN
970,212
NETHERLANDS - 3.5%
410
ASML Holding NV
587,901
TOTAL NETHERLANDS
587,901
TAIWAN - 5.5%
2,786
Taiwan Semiconductor Manufacturing Co Ltd, Sponsored ADR
920,940
TOTAL TAIWAN
920,940
UNITED KINGDOM - 3.5%
9,476
Compass Group plc
284,142
3,126
Unilever plc
212,660
60,867
Vodafone Group plc
89,640
TOTAL UNITED KINGDOM
586,442
UNITED STATES - 64.0%
2,414
Abbott Laboratories
263,850
1,592
AbbVie, Inc
355,032
1,414
American Express Co
497,968
3,530
Apple, Inc
915,964
1,677
Ares Management Corp, Class A
250,997
2,039
Broadcom, Inc
675,521
5,836
Comcast Corp, Class A
173,621
904
Eaton Corp plc
317,684
3,344
Experian plc
126,653
2,462
Exxon Mobil Corp
348,127
43,876
Haleon plc
229,467
1,154
Honeywell International, Inc
262,558
2,267
JPMorgan Chase & Co
693,453
521
Linde plc
238,081
1,140
Lowe's Cos, Inc
304,448
683
Mastercard, Inc, Class A
367,994
983
McDonald's Corp
309,645
3,050
Merck & Co, Inc
336,323
1,950
Microsoft Corp
839,066
810
Motorola Solutions, Inc
326,057
2,659
NASDAQ, Inc
257,631
Portfolio of Investments January 31, 2026
(continued)
Global Dividend Growth
4
See Notes To Financial Statements
SHARES
DESCRIPTION
VALUE
UNITED STATES
(continued)
1,908
Nestle S.A.
$
182,074
4,811
NextEra Energy, Inc
422,887
494
Northrop Grumman Corp
341,976
1,403
PepsiCo, Inc
215,543
1,992
Philip Morris International, Inc
357,444
2,437
ProLogis, Inc
318,175
2,951
Sanofi S.A.
278,349
5,697
Smurfit WestRock plc
237,166
799
Union Pacific Corp
187,845
TOTAL UNITED STATES
10,631,599
TOTAL COMMON STOCKS
(Cost $8,815,834)
16,458,206
TOTAL LONG-TERM INVESTMENTS
(Cost $8,815,834)
16,458,206
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM INVESTMENTS - 0.6%
100,000
REPURCHASE AGREEMENTS - 0.6%
$
100,000
(a)
Fixed Income Clearing Corporation
3.630
%
02/02/26
100,000
TOTAL REPURCHASE AGREEMENTS
(Cost $100,000)
100,000
TOTAL SHORT-TERM INVESTMENTS
(Cost $100,000)
100,000
TOTAL INVESTMENTS (Cost $8,915,834) - 99.6%
16,558,206
OTHER ASSETS & LIABILITIES, NET - 0.4%
62,186
NET ASSETS - 100%
$
16,620,392
ADR
American Depositary Receipt
(a)
Agreement with Fixed Income Clearing Corporation, 3.630% dated 1/30/26 to be repurchased at $100,030 on 2/2/26,
collateralized by Government Agency Securities, with coupon rate 4.625% and maturity date 11/15/55, valued at $102,070.
5
Portfolio of Investments January 31, 2026
Winslow Large-Cap Growth ESG
See Notes to Financial Statements
(Unaudited)
SHARES
DESCRIPTION
VALUE
LONG-TERM INVESTMENTS - 99.1%
810613031
COMMON STOCKS - 98.5%
810613031
AUTOMOBILES & COMPONENTS - 2.8%
52,610
(a)
Tesla, Inc
$
22,643,870
TOTAL AUTOMOBILES & COMPONENTS
22,643,870
CAPITAL GOODS - 8.6%
21,500
GE Vernova, Inc
15,616,955
48,540
General Electric Co
14,891,587
45,190
Howmet Aerospace, Inc
9,403,135
9,000
Parker-Hannifin Corp
8,422,560
23,600
Quanta Services, Inc
11,201,268
25,220
Trane Technologies plc
10,607,027
TOTAL CAPITAL GOODS
70,142,532
CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 6.8%
199,860
(a)
Amazon.com, Inc
47,826,498
22,400
Home Depot, Inc
8,390,816
TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL
56,217,314
CONSUMER SERVICES - 3.8%
249,100
(a)
Chipotle Mexican Grill, Inc
9,682,517
49,580
(a)
DoorDash, Inc, Class A
10,145,060
37,300
Hilton Worldwide Holdings, Inc
11,134,423
TOTAL CONSUMER SERVICES
30,962,000
FINANCIAL SERVICES - 5.5%
59,160
Ares Management Corp, Class A
8,854,477
22,516
Mastercard, Inc, Class A
12,131,395
96,490
NASDAQ, Inc
9,348,916
46,560
Visa, Inc, Class A
14,984,405
TOTAL FINANCIAL SERVICES
45,319,193
HEALTH CARE EQUIPMENT & SERVICES - 4.6%
33,885
(a)
Intuitive Surgical, Inc
17,085,495
13,600
McKesson Corp
11,304,456
24,100
Stryker Corp
8,906,396
TOTAL HEALTH CARE EQUIPMENT & SERVICES
37,296,347
MATERIALS - 1.1%
31,590
Ecolab, Inc
8,908,064
TOTAL MATERIALS
8,908,064
MEDIA & ENTERTAINMENT - 12.8%
195,340
Alphabet, Inc, Class C
66,128,450
26,500
Meta Platforms, Inc
18,987,250
98,750
(a)
NetFlix, Inc
8,244,638
24,730
(a)
Spotify Technology S.A.
12,373,655
TOTAL MEDIA & ENTERTAINMENT
105,733,993
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 4.2%
20,985
Eli Lilly & Co
21,764,593
28,512
(a)
Vertex Pharmaceuticals, Inc
13,397,789
TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES
35,162,382
REAL ESTATE MANAGEMENT & DEVELOPMENT - 0.4%
60,200
(a)
CoStar Group, Inc
3,702,300
TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT
3,702,300
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 21.8%
22,490
(a)
Advanced Micro Devices, Inc
5,324,058
37,510
Analog Devices, Inc
11,661,109
7,950
ASML Holding NV
11,312,850
121,115
Broadcom, Inc
40,125,399
550,060
NVIDIA Corp
105,132,968
25,900
Texas Instruments, Inc
5,582,745
TOTAL SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT
179,139,129
Portfolio of Investments January 31, 2026
(continued)
Winslow Large-Cap Growth ESG
6
See Notes to Financial Statements
SHARES
DESCRIPTION
VALUE
SOFTWARE & SERVICES - 14.5%
8,918
(a),(b),(c),(d)
Anthropic PBC (Acquired 08/29/25)
$
2,310,978
53,700
(a)
Atlassian Corp, Class A
6,346,266
15,230
Intuit, Inc
7,598,552
165,952
Microsoft Corp
71,407,486
1,827
(a),(b),(c),(d)
Open AI (Acquired 10/28/25), Class A
785,610
75,600
(a)
ServiceNow, Inc
8,845,956
93,760
(a)
Shopify, Inc, Class A
12,304,125
51,890
(a)
Snowflake, Inc
9,999,203
TOTAL SOFTWARE & SERVICES
119,598,176
TECHNOLOGY HARDWARE & EQUIPMENT - 11.6%
298,960
Apple, Inc
77,574,141
128,500
(a)
Arista Networks, Inc
18,213,590
TOTAL TECHNOLOGY HARDWARE & EQUIPMENT
95,787,731
TOTAL COMMON STOCKS
(Cost $483,242,044)
810,613,031
SHARES
DESCRIPTION
RATE
VALUE
5089904
PREFERRED STOCK - 0.6%
5089904
BANKS - 0.3%
14,019
(a),(b),(c),(d)
DATABRICKS,Inc (Acquired 12/16/25)
0.000
%
2,663,610
TOTAL BANKS
2,663,610
SOFTWARE & SERVICES - 0.3%
9,363
(a),(b),(c),(d)
Anthropic PBC (Acquired 01/27/26)
0.000
2,426,294
TOTAL SOFTWARE & SERVICES
2,426,294
TOTAL PREFERRED STOCK
(Cost $3,983,490)
5,089,904
TOTAL LONG-TERM INVESTMENTS
(Cost $487,225,534)
815,702,935
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM INVESTMENTS - 0.8%
6322163
REPURCHASE AGREEMENTS - 0.8%
6322163
$
197,163
(e)
Fixed Income Clearing Corporation
1.060
02/02/26
197,163
6,125,000
(f)
Fixed Income Clearing Corporation
3.630
02/02/26
6,125,000
TOTAL REPURCHASE AGREEMENTS
(Cost $6,322,163)
6,322,163
TOTAL SHORT-TERM INVESTMENTS
(Cost $6,322,163)
6,322,163
TOTAL INVESTMENTS - 99.9%
(Cost $493,547,697)
822,025,098
OTHER ASSETS & LIABILITIES, NET - 0.1%
785,073
NET ASSETS - 100%
$
822,810,171
(a)
Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.
(b)
For fair value measurement disclosure purposes, investment classified as Level 3.
(c)
Private equity investment.
(d)
Restricted security; security may not be publicly sold without registration under the Securities Act of 1933, as amended. As of the
end of the fiscal period, the aggregate value of these securities is $8,186,492 or 0.9% of Total Investments.
(e)
Agreement with Fixed Income Clearing Corporation, 1.060% dated 1/30/26 to be repurchased at $197,180 on 2/2/26,
collateralized by Government Agency Securities, with coupon rate 4.375% and maturity date 7/15/27, valued at $201,188.
(f)
Agreement with Fixed Income Clearing Corporation, 3.630% dated 1/30/26 to be repurchased at $6,126,853 on 2/2/26,
collateralized by Government Agency Securities, with coupon rate 4.625% and maturity date 11/15/55, valued at $6,247,501.
Statement of Assets and Liabilities
See Notes to Financial Statements
7
January 31, 2026 (Unaudited)
Dividend
Growth
Global Dividend
Growth
Winslow Large-
Cap Growth ESG
ASSETS
Long-term investments, at value
†
$
6,570,556,743‌
$
16,458,206‌
$
815,702,935‌
Short-term investments, at value
◊
74,928,785‌
100,000‌
6,322,163‌
Cash
-‌
16,711‌
-‌
Receivables:
Dividends
7,986,851‌
24,071‌
80,652‌
Interest
14,789‌
20‌
1,247‌
Investments sold
-‌
59,785‌
8,562,194‌
Reclaims
176,350‌
6,925‌
-‌
Reimbursement from Adviser
31,937‌
127‌
54,363‌
Shares sold
13,499,031‌
6,337‌
2,032,002‌
Other
296,569‌
17,255‌
87,334‌
Total assets
6,667,491,055‌
16,689,437‌
832,842,890‌
LIABILITIES
Cash overdraft
4,541‌
-‌
630‌
Payables:
Management fees
3,313,681‌
10,007‌
446,784‌
Interest
401‌
1‌
56‌
Investments purchased - regular settlement
-‌
-‌
8,705,847‌
Shares redeemed
3,437,799‌
2,200‌
496,978‌
Accrued expenses:
Custodian fees
398,123‌
27,771‌
88,966‌
Trustees fees
297,077‌
431‌
68,672‌
Professional fees
17,967‌
7,044‌
9,904‌
Shareholder reporting expenses
67,589‌
12,952‌
32,768‌
Shareholder servicing agent fees
471,590‌
3,071‌
133,824‌
12b-1 distribution and service fees
370,804‌
2,253‌
48,290‌
Other
-‌
3,315‌
-‌
Total liabilities
8,379,572‌
69,045‌
10,032,719‌
Net assets
$
6,659,111,483‌
$
16,620,392‌
$
822,810,171‌
NET ASSETS CONSIST OF:
Paid-in capital
$
3,311,532,722‌
$
8,081,329‌
$
488,641,297‌
Total distributable earnings (loss)
3,347,578,761‌
8,539,063‌
334,168,874‌
Net assets
$
6,659,111,483‌
$
16,620,392‌
$
822,810,171‌
†
Long-term investments, cost
$
3,324,034,651‌
$
8,815,834‌
$
487,225,534‌
◊
Short-term investments, cost
$
74,928,785‌
$
100,000‌
$
6,322,163‌
Statement of Assets and Liabilities
(continued)
See Notes to Financial Statements
8
Dividend
Growth
Global Dividend
Growth
Winslow Large-
Cap Growth ESG
CLASS A:
Net assets
$
1,172,852,077‌
$
9,172,742‌
$
183,115,200‌
Shares outstanding
18,668,125‌
264,827‌
3,732,916‌
Net asset value ("NAV") per share
$
62.83‌
$
34.64‌
$
49.05‌
Maximum sales charge
5.75%
5.75%
5.75%
Offering price per share (NAV per share plus maximum sales charge)
$
66.66‌
$
36.75‌
$
52.04‌
CLASS C:
Net assets
$
140,171,772‌
$
349,257‌
$
10,079,603‌
Shares outstanding
2,233,056‌
10,138‌
317,220‌
NAV and offering price per share
$
62.77‌
$
34.45‌
$
31.77‌
CLASS R6:
Net assets
$
2,872,148,424‌
$
-‌
$
150,955,559‌
Shares outstanding
45,194,034‌
-‌
2,662,680‌
NAV and offering price per share
$
63.55‌
$
-‌
$
56.69‌
CLASS I:
Net assets
$
2,473,939,210‌
$
7,098,393‌
$
478,659,809‌
Shares outstanding
39,442,045‌
205,041‌
8,806,948‌
NAV and offering price per share
$
62.72‌
$
34.62‌
$
54.35‌
Authorized shares - per class
Unlimited
Unlimited
Unlimited
Par value per share
$
0.01
$
0.01
$
0.01
Statement of Operations
See Notes to Financial Statements
9
Six Months Ended January 31, 2026 (Unaudited)
Dividend Growth
Global Dividend
Growth
Winslow Large-Cap
Growth ESG
INVESTMENT INCOME
Affiliated income
$
231,258
$
541
$
82,192
Dividends
56,340,563
175,112
1,717,502
Interest
2,208,342
8,968
90,865
Securities lending income, net
-
-
6,130
Tax withheld
(331,368
)
-
-
Total investment income
58,448,795
184,621
1,896,689
EXPENSES
-
-
-
Management fees
19,521,248
64,478
2,753,948
12b-1 service fees - Class A
1,489,444
12,164
240,387
12b-1 distribution and service fees - Class C
774,451
1,854
58,752
Shareholder servicing agent fees - Class A
271,049
3,731
71,049
Shareholder servicing agent fees - Class C
35,270
141
4,352
Shareholder servicing agent fees - Class R6
42,715
-
6,711
Shareholder servicing agent fees - Class I
580,880
3,086
188,548
Interest expense
3,169
9
632
Trustees fees
149,956
410
20,373
Custodian expenses
193,132
12,163
39,168
Registration fees
43,843
23,338
39,413
Professional fees
69,939
6,031
23,199
Shareholder reporting expenses
69,107
13,140
30,356
Other
24,176
2,421
5,252
Total expenses before fee waiver/expense reimbursement
23,268,379
142,966
3,482,140
Fee waiver/expense reimbursement
-
(47,136
)
(415,738
)
Net expenses
23,268,379
95,830
3,066,402
Net investment income (loss)
35,180,416
88,791
(1,169,713
)
REALIZED AND UNREALIZED GAIN (LOSS)
Realized gain (loss) from:
Investments
146,328,073
1,432,061
58,614,722
Foreign currency transactions
-
2,108
-
Net realized gain (loss)
146,328,073
1,434,169
58,614,722
Change in unrealized appreciation (depreciation) on:
Investments
218,265,637
(238,714
)
(50,690,850
)
Foreign currency translations
-
637
-
Net change in unrealized appreciation (depreciation)
218,265,637
(238,077
)
(50,690,850
)
Net realized and unrealized gain (loss)
364,593,710
1,196,092
7,923,872
Net increase (decrease) in net assets from operations
$
399,774,126
$
1,284,883
$
6,754,159
Statement of Changes in Net Assets
See Notes to Financial Statements
10
Dividend Growth
Global Dividend Growth
Unaudited
Six Months Ended
1/31/26
Year Ended
7/31/25
Unaudited
Six Months Ended
1/31/26
Year Ended
7/31/25
OPERATIONS
Net investment income (loss)
$
35,180,416‌
$
69,642,939‌
$
88,791‌
$
239,196‌
Net realized gain (loss)
146,328,073‌
592,788,863‌
1,434,169‌
1,439,601‌
Net change in unrealized appreciation (depreciation)
218,265,637‌
(
77,400,618‌
)
(
238,077‌
)
(
297,671‌
)
Net increase (decrease) in net assets from operations
399,774,126‌
585,031,184‌
1,284,883‌
1,381,126‌
DISTRIBUTIONS TO SHAREHOLDERS
Dividends:
Class A
(
93,375,509‌
)
(
72,001,678‌
)
(
931,676‌
)
(
683,150‌
)
Class C
(
11,147,444‌
)
(
10,178,565‌
)
(
31,971‌
)
(
34,740‌
)
Class R6
(
224,990,211‌
)
(
161,408,631‌
)
-‌
-‌
Class I
(
202,720,330‌
)
(
167,695,752‌
)
(
716,531‌
)
(
702,659‌
)
Total distributions
(
532,233,494‌
)
(
411,284,626‌
)
(
1,680,178‌
)
(
1,420,549‌
)
FUND SHARE TRANSACTIONS
Subscriptions
574,010,797‌
663,912,969‌
538,468‌
1,820,741‌
Reinvestments of distributions
424,286,252‌
324,496,906‌
1,673,991‌
1,288,220‌
Redemptions
(
550,158,594‌
)
(
1,170,989,830‌
)
(
4,195,628‌
)
(
3,618,409‌
)
Net increase (decrease) from Fund share transactions
448,138,455‌
(
182,579,955‌
)
(
1,983,169‌
)
(
509,448‌
)
Net increase (decrease) in net assets
315,679,087‌
(
8,833,397‌
)
(
2,378,464‌
)
(
548,871‌
)
Net assets at the beginning of period
6,343,432,396‌
6,352,265,793‌
18,998,856‌
19,547,727‌
Net assets at the end of period
$
6,659,111,483‌
$
6,343,432,396‌
$
16,620,392‌
$
18,998,856‌
See Notes to Financial Statements
11
Winslow Large-Cap Growth ESG
Unaudited
Six Months Ended
1/31/26
Year Ended
7/31/25
OPERATIONS
Net investment income (loss)
$
(
1,169,713‌
)
$
(
1,734,073‌
)
Net realized gain (loss)
58,614,722‌
169,259,909‌
Net change in unrealized appreciation (depreciation)
(
50,690,850‌
)
(
12,419,406‌
)
Net increase (decrease) in net assets from operations
6,754,159‌
155,106,430‌
DISTRIBUTIONS TO SHAREHOLDERS
Dividends:
Class A
(
38,017,636‌
)
(
34,274,122‌
)
Class C
(
3,293,361‌
)
(
2,144,487‌
)
Class R6
(
26,854,349‌
)
(
21,384,117‌
)
Class I
(
92,849,381‌
)
(
70,187,499‌
)
Total distributions
(
161,014,727‌
)
(
127,990,225‌
)
FUND SHARE TRANSACTIONS
Subscriptions
77,378,179‌
172,016,616‌
Reinvestments of distributions
153,953,021‌
113,402,423‌
Redemptions
(
156,588,483‌
)
(
353,993,950‌
)
Net increase (decrease) from Fund share transactions
74,742,717‌
(
68,574,911‌
)
Net increase (decrease) in net assets
(
79,517,851‌
)
(
41,458,706‌
)
Net assets at the beginning of period
902,328,022‌
943,786,728‌
Net assets at the end of period
$
822,810,171‌
$
902,328,022‌
Financial Highlights
12
The following data is for a share outstanding for each fiscal year end unless otherwise noted:
Investment Operations
Less Distributions
Net Asset
Value,
Beginning
of Period
Net
Investment
Income (NII)
(Loss)
(a)
Net
Realized/
Unrealized
Gain (Loss)
Total
From
NII
From
Net Realized
Gains
Total
Net Asset
Value,
End of
Period
Dividend Growth
Class
A
1/31/26
(e)
$
64.16
$
0.28
$
3.65
$
3.93
$
(
0.28
)
$
(
4.98
)
$
(
5.26
)
$
62.83
7/31/25
62.40
0.57
5.23
5.80
(
0.57
)
(
3.47
)
(
4.04
)
64.16
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
Class
C
1/31/26
(e)
64.11
0.04
3.64
3.68
(
0.04
)
(
4.98
)
(
5.02
)
62.77
7/31/25
62.36
0.10
5.22
5.32
(
0.10
)
(
3.47
)
(
3.57
)
64.11
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
Class
R6
1/31/26
(e)
64.85
0.38
3.68
4.06
(
0.38
)
(
4.98
)
(
5.36
)
63.55
7/31/25
63.03
0.76
5.30
6.06
(
0.77
)
(
3.47
)
(
4.24
)
64.85
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
Class
I
1/31/26
(e)
64.06
0.36
3.64
4.00
(
0.36
)
(
4.98
)
(
5.34
)
62.72
7/31/25
62.31
0.73
5.21
5.94
(
0.72
)
(
3.47
)
(
4.19
)
64.06
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
(a)
Based on average shares outstanding.
(b)
Total returns are at NAV and do not include any sales charge. Total returns are not annualized.
(c)
The Fund has a contractual fee waiver/expense reimbursement agreement with the Adviser, but did not receive a fee
waiver/expense reimbursement during the periods presented herein. See Notes to Financial Statements for more
information.
(d)
Includes voluntary compensation from the Adviser as further described in the Notes to Financial Statements.
(e)
Unaudited.
(f)
Annualized.
See Notes to Financial Statements
13
Ratio/Supplemental Data
Ratios to Average Net Assets
Total
Return
(b)
Net
Assets,
End of
Period (000)
Expenses
(c)
NII
(Loss)
(c),(d)
Portfolio
Turnover
Rate
6
.26‌
%
$
1,172,852
0
.90‌
%
(f)
0
.86‌
%
(f)
8‌
%
9
.43‌
1,161,600
0
.91‌
0
.90‌
12‌
17
.35‌
1,121,499
0
.92‌
1
.05‌
11‌
9
.75‌
976,938
0
.92‌
1
.16‌
17‌
(
0
.04‌
)
932,555
0
.91‌
1
.04‌
17‌
28
.85‌
837,090
0
.92‌
1
.29‌
15‌
5
.85‌
140,172
1
.65‌
(f)
0
.11‌
(f)
8‌
8
.61‌
159,004
1
.66‌
0
.15‌
12‌
16
.46‌
194,806
1
.67‌
0
.32‌
11‌
8
.92‌
240,863
1
.67‌
0
.42‌
17‌
(
0
.79‌
)
295,522
1
.66‌
0
.29‌
17‌
27
.89‌
305,518
1
.67‌
0
.55‌
15‌
6
.40‌
2,872,148
0
.61‌
(f)
1
.15‌
(f)
8‌
9
.77‌
2,510,434
0
.61‌
1
.20‌
12‌
17
.70‌
2,518,257
0
.62‌
1
.36‌
11‌
10
.05‌
2,398,869
0
.62‌
1
.46‌
17‌
0
.28‌
2,394,117
0
.61‌
1
.34‌
17‌
29
.24‌
3,103,203
0
.62‌
1
.57‌
15‌
6
.38‌
2,473,939
0
.65‌
(f)
1
.11‌
(f)
8‌
9
.70‌
2,512,395
0
.66‌
1
.15‌
12‌
17
.64‌
2,517,704
0
.67‌
1
.31‌
11‌
10
.01‌
2,392,913
0
.67‌
1
.41‌
17‌
0
.22‌
2,342,735
0
.66‌
1
.29‌
17‌
29
.15‌
2,294,045
0
.67‌
1
.54‌
15‌
14
Financial Highlights
(continued)
The following data is for a share outstanding for each fiscal year end unless otherwise noted:
Investment Operations
Less Distributions
Net Asset
Value,
Beginning
of Period
Net
Investment
Income (NII)
(Loss)
(a)
Net
Realized/
Unrealized
Gain (Loss)
Total
From
NII
From
Net Realized
Gains
Total
Net Asset
Value,
End of
Period
Global Dividend Growth
Class
A
1/31/26
(e)
$
35.76
$
0.16
$
2.37
$
2.53
$
(
0.24
)
$
(
3.41
)
$
(
3.65
)
$
34.64
7/31/25
35.83
0.41
2.17
2.58
(
0.44
)
(
2.21
)
(
2.65
)
35.76
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
Class
C
1/31/26
(e)
35.60
0.02
2.36
2.38
(
0.12
)
(
3.41
)
(
3.53
)
34.45
7/31/25
35.70
0.13
2.16
2.29
(
0.18
)
(
2.21
)
(
2.39
)
35.60
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
Class
I
1/31/26
(e)
35.74
0.21
2.37
2.58
(
0.29
)
(
3.41
)
(
3.70
)
34.62
7/31/25
35.82
0.50
2.16
2.66
(
0.53
)
(
2.21
)
(
2.74
)
35.74
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
(a)
Based on average shares outstanding.
(b)
Total returns are at NAV and do not include any sales charge. Total returns are not annualized.
(c)
After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Notes to Financial Statements for more information.
(d)
Includes voluntary compensation from the Adviser as further described in the Notes to Financial Statements.
(e)
Unaudited.
(f)
Annualized.
See Notes to Financial Statements
15
Ratio/Supplemental Data
Ratios to Average Net Assets
Total
Return
(b)
Net
Assets,
End of
Period (000)
Gross
Expenses
Net
Expenses
(c)
NII
(Loss)
(c),(d)
Portfolio
Turnover
Rate
7
.16‌
%
$
9,173
1
.66‌
%
(f)
1
.15‌
%
(f)
0
.89‌
%
(f)
9‌
%
7
.33‌
9,524
1
.91‌
1
.15‌
1
.15‌
14‌
15
.64‌
8,930
1
.83‌
1
.15‌
1
.24‌
17‌
9
.00‌
8,849
1
.86‌
1
.15‌
1
.42‌
23‌
(
2
.02‌
)
8,082
1
.95‌
1
.14‌
1
.30‌
18‌
23
.33‌
7,242
2
.02‌
1
.15‌
1
.49‌
12‌
6
.75‌
349
2
.41‌
(f)
1
.90‌
(f)
0
.12‌
(f)
9‌
6
.51‌
452
2
.66‌
1
.90‌
0
.36‌
14‌
14
.78‌
532
2
.58‌
1
.90‌
0
.49‌
17‌
8
.21‌
617
2
.61‌
1
.90‌
0
.64‌
23‌
(
2
.78‌
)
885
2
.70‌
1
.89‌
0
.50‌
18‌
22
.43‌
1,377
2
.77‌
1
.90‌
0
.73‌
12‌
7
.30‌
7,098
1
.41‌
(f)
0
.90‌
(f)
1
.11‌
(f)
9‌
7
.57‌
9,022
1
.66‌
0
.90‌
1
.39‌
14‌
15
.97‌
10,085
1
.58‌
0
.90‌
1
.49‌
17‌
9
.28‌
10,252
1
.61‌
0
.90‌
1
.66‌
23‌
(
1
.81‌
)
10,137
1
.70‌
0
.89‌
1
.51‌
18‌
23
.64‌
11,376
1
.77‌
0
.90‌
1
.73‌
12‌
16
Financial Highlights
(continued)
The following data is for a share outstanding for each fiscal year end unless otherwise noted:
Investment Operations
Less Distributions
Net Asset
Value,
Beginning
of Period
Net
Investment
Income (NII)
(Loss)
(a)
Net
Realized/
Unrealized
Gain (Loss)
Total
From
NII
From
Net Realized
Gains
Total
Net Asset
Value,
End of
Period
Winslow Large-Cap Growth ESG
Class
A
1/31/26
(e)
$
61.00
$
(0.14)
$
0.70
$
0.56
$
-
$
(12.51)
$
(12.51)
$
49.05
7/31/25
59.26
(0.23)
10.66
10.43
-
(8.69)
(8.69)
61.00
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
Class
C
1/31/26
(e)
43.99
(0.25)
0.54
0.29
-
(12.51)
(12.51)
31.77
7/31/25
45.18
(0.48)
7.98
7.50
-
(8.69)
(8.69)
43.99
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
Class
R6
1/31/26
(e)
68.48
(0.05)
0.77
0.72
-
(12.51)
(12.51)
56.69
7/31/25
65.37
(0.02)
11.82
11.80
-
(8.69)
(8.69)
68.48
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
Class
I
1/31/26
(e)
66.18
(0.07)
0.75
0.68
-
(12.51)
(12.51)
54.35
7/31/25
63.49
(0.09)
11.47
11.38
-
(8.69)
(8.69)
66.18
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
(a)
Based on average shares outstanding.
(b)
Total returns are at NAV and do not include any sales charge. Total returns are not annualized.
(c)
After fee waiver and/or expense reimbursement from the Adviser, where applicable. See Notes to Financial Statements
for more information.
(d)
Includes voluntary compensation from the Adviser as further described in the Notes to Financial Statements.
(e)
Unaudited.
(f)
Annualized.
See Notes to Financial Statements
17
Ratio/Supplemental Data
Ratios to Average Net Assets
Total
Return
(b)
Net
Assets,
End of
Period (000)
Gross
Expenses
Net
Expenses
(c)
NII
(Loss)
(c),(d)
Portfolio
Turnover
Rate
0.69‌
%
$
183,115
0.99‌
%
(f)
0.90‌
%
(f)
(0.46‌)
%
(f)
47‌
%
18.28‌
191,896
1.03‌
0.90‌
(0.39‌)
95‌
31.95‌
235,751
1.09‌
0.91‌
(0.34‌)
56‌
17.09‌
186,017
1.11‌
0.91‌
(0.21‌)
74‌
(19.30‌)
174,142
1.08‌
0.90‌
(0.42‌)
69‌
36.98‌
180,291
1.14‌
0.91‌
(0.47‌)
67‌
0.31‌
10,080
1.74‌
(f)
1.65‌
(f)
(1.21‌)
(f)
47‌
17.39‌
11,644
1.78‌
1.65‌
(1.14‌)
95‌
30.94‌
12,086
1.84‌
1.66‌
(1.08‌)
56‌
16.24‌
11,710
1.86‌
1.66‌
(0.96‌)
74‌
(19.90‌)
15,269
1.83‌
1.65‌
(1.17‌)
69‌
35.92‌
24,604
1.89‌
1.66‌
(1.21‌)
67‌
0.84‌
150,956
0.67‌
(f)
0.58‌
(f)
(0.14‌)
(f)
47‌
18.71‌
186,529
0.67‌
0.54‌
(0.04‌)
95‌
32.45‌
157,610
0.70‌
0.52‌
0.04‌
56‌
17.58‌
97,947
0.71‌
0.51‌
0.18‌
74‌
(19.04‌)
76,592
0.74‌
0.56‌
(0.08‌)
69‌
37.52‌
109,867
0.76‌
0.54‌
(0.03‌)
67‌
0.80‌
478,660
0.74‌
(f)
0.65‌
(f)
(0.21‌)
(f)
47‌
18.58‌
512,260
0.78‌
0.65‌
(0.14‌)
95‌
32.26‌
538,340
0.84‌
0.66‌
(0.08‌)
56‌
17.40‌
468,620
0.86‌
0.66‌
0.04‌
74‌
(19.10‌)
420,440
0.83‌
0.65‌
(0.17‌)
69‌
37.30‌
568,579
0.90‌
0.69‌
(0.17‌)
67‌
18
Notes to Financial Statements
(Unaudited)
1. General Information
Trust and Fund Information:
The Nuveen Investment Trust II (the "Trust") is an open-end management investment company registered under the
Investment Company Act of 1940 (the "1940 Act"), as amended. The Trust is comprised of Nuveen Dividend Growth Fund ("Dividend Growth"),
Nuveen Global Dividend Growth Fund ("Global Dividend Growth"), and Nuveen Winslow Large-Cap Growth ESG Fund ("Winslow Large-Cap
Growth ESG") (each a "Fund" and collectively the "Funds"), among others. The Trust was organized as a Massachusetts business trust on June 27,
1997.
Current Fiscal Period
: The end of the reporting period for the Funds is January 31, 2026, and the period covered by these Notes to Financial
Statements is the six months ended January 31, 2026 (the "current fiscal period").
Investment Adviser and Sub-Adviser:
The Funds' investment adviser is Nuveen Fund Advisors, LLC (the "Adviser"), a subsidiary of Nuveen,
LLC ("Nuveen"). Nuveen is the investment management arm of Teachers Insurance and Annuity Association of America ("TIAA"). The Adviser has
overall responsibility for management of the Funds, oversees the management of the Funds' portfolios, manages the Funds' business affairs and
provides certain clerical, bookkeeping and other administrative services, and, if necessary, asset allocation decisions. The Adviser has entered into a
sub-advisory agreement with Nuveen Asset Management, LLC ("NAM"), a subsidiary of the Adviser and Winslow Capital Management, LLC (each a
"Sub-Adviser" and collectively the "Sub-Advisers"). NAM manages the investment portfolios of Dividend Growth and Global Dividend Growth while
Winslow Capital Management, LLC manages the portfolio of Winslow Large-Cap Growth ESG.
Share Classes and Sales Charges:
Class A Shares are generally sold with an up-front sales charge. Class A Share purchases of $1 million or
more are sold at net asset value ("NAV") without an up-front sales charge but may be subject to a contingent deferred sales charge ("CDSC") of
1% if redeemed within eighteen months of purchase. Class C Shares are sold without an up-front sales charge but are subject to a CDSC of 1% if
redeemed within twelve months of purchase. Class C Shares automatically convert to Class A Shares eight years after purchase. Class R6 Shares and
Class I Shares are sold without an upfront sales charge.
2. Significant Accounting Policies
The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United States of America
("U.S. GAAP"), which may require the use of estimates made by management and the evaluation of subsequent events. Actual results may differ
from those estimates. The Funds are investment companies and follow the accounting guidance in the Financial Accounting Standards Board
("FASB") Accounting Standards Codification 946, Financial Services - Investment Companies. The NAV for financial reporting purposes may differ
from the NAV for processing security and common share transactions. The NAV for financial reporting purposes includes security and common share
transactions through the date of the report. Total return is computed based on the NAV used for processing security and common share transactions.
The following is a summary of the significant accounting policies consistently followed by the Funds.
Compensation:
The Trust pays no compensation directly to those of its officers, all of whom receive remuneration for their services to the Trust from
the Adviser or its affiliates. The Funds' Board of Trustees (the "Board") has adopted a deferred compensation plan for independent trustees that
enables trustees to elect to defer receipt of all or a portion of the annual compensation they are entitled to receive from certain Nuveen-advised
funds. Under the plan, deferred amounts are treated as though equal dollar amounts had been invested in shares of select Nuveen-advised funds.
Distributions to Shareholders:
Distributions to shareholders are recorded on the ex-dividend date. The amount, character and timing of
distributions are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.
Foreign Currency Transactions and Translation:
The books and records of the Funds are maintained in U.S. dollars. Assets, including investments,
and liabilities denominated in foreign currencies are translated into U.S. dollars at the end of each day. Purchases and sales of securities, income and
expenses are translated into U.S. dollars at the prevailing exchange rate on the respective dates of the transactions.
Some markets in which the Funds invest impose capital controls, repatriation limits and/or transaction fees, for example, on the amount of foreign
currency that may be converted to U.S. dollars. These restrictions, in some markets where foreign exchange restrictions are imposed, may be
reflected in non-deliverable forward rates (NDF), or prevailing "offshore" rates that apply to non-local investors. Accordingly, the Fund may apply
NDF rates, or another alternative exchange rate believed by the Adviser to be more reflective of the rates at which the Funds may transact, where
applicable, to convert the value of non-U.S. dollar denominated securities to U.S. dollars. The U.S. dollar market value of such securities held in
markets where NDF rates exist may be lower than the U.S. dollar market value of securities using prevailing local or "onshore" foreign currency
exchange rates.
Net realized foreign currency gains and losses resulting from changes in exchange rates associated with (i) foreign currency, (ii) investments and (iii)
derivatives include foreign currency gains and losses between trade date and settlement date of the transactions, foreign currency transactions, and
the difference between the amounts of interest and dividends recorded on the books of the Funds and the amounts actually received are recognized
as a component of "Net realized gain (loss) from foreign currency transactions" on the Statement of Operations, when applicable.
19
The unrealized gains and losses resulting from changes in foreign currency exchange rates and changes in foreign exchange rates associated with
(i) investments and (ii) other assets and liabilities are recognized as a component of "Change in unrealized appreciation (depreciation) on foreign
currency translations" on the Statement of Operations, when applicable. The unrealized gains and losses resulting from changes in foreign exchange
rates associated with investments in derivatives are recognized as a component of the respective derivative's related "Change in unrealized
appreciation (depreciation)" on the Statement of Operations, when applicable.
Foreign Taxes:
The Funds may be subject to foreign taxes on income, gains on investments or foreign currency repatriation, a portion of which may
be recoverable. The Funds will accrue such taxes and recoveries as applicable, based upon the current interpretation of tax rules and regulations that
exist in the markets in which the Funds invest.
Indemnifications:
Under the Trust's organizational documents, its officers and trustees are indemnified against certain liabilities arising out of
the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into contracts that provide general
indemnifications to other parties. The Trust's maximum exposure under these arrangements is unknown as this would involve future claims that may
be made against the Trust that have not yet occurred. However, the Trust has not had prior claims or losses pursuant to these contracts and expects
the risk of loss to be remote.
Investments and Investment Income:
Securities transactions are accounted for as of the trade date for financial reporting purposes. Realized gains
and losses on securities transactions are based upon the specific identification method. Dividend income is recorded on the ex-dividend date or, for
certain foreign securities, when information is available. Non-cash dividends received in the form of stock, if any, are recognized on the ex-dividend
date and recorded at fair value. Interest income is recorded on an accrual basis and includes accretion of discounts and amortization of premiums
for financial reporting purposes. Securities lending income is comprised of fees earned from borrowers and income earned on cash collateral
investments.
Multiclass Operations and Allocations:
Income and expenses of the Funds that are not directly attributable to a specific class of shares are
prorated among the classes based on the relative net assets of each class. Expenses directly attributable to a class of shares are recorded to the
specific class. 12b-1 distribution and service fees are allocated on a class-specific basis.
Sub-transfer agent fees and similar fees, which are recognized as a component of "Shareholder servicing agent fees" on the Statement of
Operations, are not charged to Class R6 Shares and are prorated among the other classes based on their relative net assets.
Realized and unrealized capital gains and losses of the Funds are prorated among the classes based on the relative net assets of each class.
Netting Agreements:
In the ordinary course of business, the Funds may enter into transactions subject to enforceable master repurchase
agreements, International Swaps and Derivatives Association, Inc. (ISDA) master agreements or other similar arrangements ("netting agreements").
Generally, the right to offset in netting agreements allows each Fund to offset certain securities and derivatives with a specific counterparty, when
applicable, as well as any collateral received or delivered to that counterparty based on the terms of the agreements. Generally, each Fund manages
its cash collateral and securities collateral on a counterparty basis. With respect to certain counterparties, in accordance with the terms of the netting
agreements, collateral posted to the Funds is held in a segregated account by the Funds' custodian and/or with respect to those amounts which can
be sold or repledged, are presented in the Funds' Portfolio of Investments or Statement of Assets and Liabilities.
The Funds' investments subject to netting agreements as of the end of the current fiscal period, if any, are further described later in these Notes to
Financial Statements.
Segment Reporting:
Each Fund represents a single operating segment. The officers of the Funds act as the chief operating decision maker
("CODM"), as defined in U.S. GAAP. The CODM monitors the operating results of each Fund as a whole and is responsible for each Fund's long-
term strategic asset allocation in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the
Fund's portfolio managers as a team. The financial information in the form of the Fund's portfolio composition, total returns, expense ratios and
changes in net assets (i.e., changes in net assets resulting from operations, subscriptions and redemptions), which are used by the CODM to assess
the segment's performance versus the Fund's comparative benchmarks and to make resource allocation decisions for the Fund's single segment,
is consistent with that presented within the Fund's financial statements. Segment assets are reflected on the Statement of Assets and Liabilities as
"total assets" and significant segment revenues and expenses are listed on the Statement of Operations.
New Accounting Pronouncement (ASU No. 2023-09)
: In December 2023, the FASB issued Accounting Standard Update ("ASU") No. 2023-09,
Income Taxes (Topic 740) Improvements to Income tax disclosures ("ASU 2023-09"). The primary purpose of the amendments within ASU 2023-09
is to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation table and income taxes
paid information. The amendments in ASU 2023-09 are effective for annual periods beginning after December 15, 2024. Management is currently
evaluating the implications of these changes on the financial statements.
New Accounting Pronouncement (ASU No. 2025-11)
: In December 2025, the FASB issued ASU No. 2025-11, Interim Reporting (Topic 270)
Narrow Scope Improvements ("ASU 2025-11"). The amendments in ASU 2025-11 provide a comprehensive list of interim disclosures that are
required by U.S. GAAP. ASU 2025-11 also includes a disclosure principle that requires entities to disclose events since the end of the last annual
reporting period that have a material impact on the entity. The amendments in ASU 2025-11 are effective for interim reporting periods within
annual reporting periods beginning after December 15, 2027. Early adoption is permitted for all entities. Management is currently evaluating the
implications of these changes on the financial statements.
20
Notes to Financial Statements
(continued)
3. Investment Valuation and Fair Value Measurements
The Funds' investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Adviser, subject to
oversight of the Board. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly
transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy
which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value
measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability.
Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's
assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best
information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 - Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 - Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit
spreads, etc.).
Level 3 - Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of
investments).
A description of the valuation techniques applied to the Funds' major classifications of assets and liabilities measured at fair value follows:
Equity securities and exchange-traded funds listed or traded on a national market or exchange are valued based on their last reported sales price
or official closing price of such market or exchange on the valuation date. Foreign equity securities and registered investment companies that trade
on a foreign exchange are valued at the last reported sales price or official closing price on the principal exchange where traded, and converted to
U.S. dollars at the prevailing rates of exchange on the valuation date. For events affecting the value of foreign securities between the time when
the exchange on which they are traded closes and the time when the Funds' net assets are calculated, such securities will be valued at fair value in
accordance with procedures adopted by the Adviser, subject to the oversight of the Board. To the extent these securities are actively traded and no
valuation adjustments are applied, they are generally classified as Level 1. When valuation adjustments are applied to the most recent last sales price
or official closing price, these securities are generally classified as Level 2.
Prices of certain American Depositary Receipts ("ADR") held by the Funds that trade in the United States are valued based on the last traded price,
official closing price, or an evaluated price provided by the pricing services and are generally classified as Level 1 or 2.
Repurchase agreements are valued at contract amount plus accrued interest, which approximates market value. These securities are generally
classified as Level 2.
For any portfolio security or derivative for which market quotations are not readily available or for which the Adviser deems the valuations derived
using the valuation procedures described above not to reflect fair value, the Adviser will determine a fair value in good faith using alternative
procedures approved by the Adviser, subject to the oversight of the Board. As a general principle, the fair value of a security is the amount that
the owner might reasonably expect to receive for it in a current sale. A variety of factors may be considered in determining the fair value of such
securities, which may include consideration of the following: yields or prices of investments of comparable quality, type of issue, coupon, maturity
and rating, market quotes or indications of value from security dealers, evaluations of anticipated cash flows or collateral, general market conditions
and other information and analysis, including the obligor's credit characteristics considered relevant. To the extent the inputs are observable and
timely, the values would be classified as Level 2; otherwise they would be classified as Level 3.
The following table summarizes the market value of the Funds' investments as of the end of the current fiscal period, based on the inputs used to
value them:
Dividend Growth
Level 1
Level 2
Level 3
Total
Long-Term Investments:
Common Stocks
$
6,570,556,743
$
-
$
-
$
6,570,556,743
Short-Term Investments:
Repurchase Agreements
-
74,928,785
-
74,928,785
Total
$
6,570,556,743
$
74,928,785
$
-
$
6,645,485,528
Global Dividend Growth
Level 1
Level 2
Level 3
Total
Long-Term Investments:
Common Stocks
$
11,496,137
$
4,962,069
$
-
$
16,458,206
Short-Term Investments:
Repurchase Agreements
-
100,000
-
100,000
Total
$
11,496,137
$
5,062,069
$
-
$
16,558,206
21
4. Portfolio Securities
Repurchase Agreements:
In connection with transactions in repurchase agreements, it is each Fund's policy that its custodian take possession of
the underlying collateral securities, the fair value of which exceeds the principal amount of the repurchase transaction, including accrued interest, at
all times. If the counterparty defaults, and the fair value of the collateral declines, realization of the collateral may be delayed or limited.
The following table presents the repurchase agreements for the Funds that are subject to netting agreements as of the end of the current fiscal
period, and the collateral delivered related to those repurchase agreements.
Securities Lending:
Each Fund may lend securities representing up to one-third of the value of its total assets to broker-dealers, banks, and other
institutions in order to generate additional income. When loaning securities, the Fund retains the benefits of owning the securities, including the
economic equivalent of dividends or interest generated by the security. The loans are continuous, can be recalled at any time, and have no set
maturity. The Funds' custodian, State Street Bank and Trust Company, serves as the securities lending agent (the "Agent").
When a Fund loans its portfolio securities, it will receive, at the inception of each loan, cash collateral equal to an amount not less than 100% of the
market value of the loaned securities. The actual percentage of the cash collateral will vary depending upon the asset type of the loaned securities.
Collateral for the loaned securities is invested in a government money market vehicle maintained by the Agent, which is subject to the requirements
of Rule 2a-7 under the 1940 Act. The value of the loaned securities and the liability to return the cash collateral received are recognized on the
Statement of Assets and Liabilities. If the market value of the loaned securities increases, the borrower must furnish additional collateral to the Fund,
which is also recognized on the Statement of Assets and Liabilities. The market value of securities loaned is determined at the close of business of
the Funds and any additional required collateral is delivered to the Funds on the next business day. Securities out on loan are subject to termination
at any time at the option of the borrower or the Fund. Upon termination, the borrower is required to return to the Fund securities identical to the
securities loaned. During the term of the loan, the Fund bears the market risk with respect to the investment of collateral and the risk that the Agent
may default on its contractual obligations to the Fund. The Agent bears the risk that the borrower may default on its obligation to return the loaned
securities as the Agent is contractually obligated to indemnify the Fund if at the time of a default by a borrower some or all of the loan securities
have not been returned.
Securities lending income recognized by a Fund consists of earnings on invested collateral and lending fees, net of any rebates to the borrower and
compensation to the Agent. Such income is recognized on the Statement of Operations.
As of the end of the current fiscal period, the Funds did not have any securities out on loan.
Purchases and Sales:
Long-term purchases and sales during the current fiscal period were as follows:
The Funds may purchase securities on a when-issued or delayed-delivery basis. Securities purchased on a when-issued or delayed-delivery basis may
have extended settlement periods; interest income is not accrued until settlement date. Any securities so purchased are subject to market fluctuation
during this period. If a Fund has outstanding when-issued/delayed-delivery purchases commitments as of the end of the current fiscal period, such
amounts are recognized on the Statement of Assets and Liabilities.
Winslow Large-Cap Growth ESG
Level 1
Level 2
Level 3
Total
Long-Term Investments:
Common Stocks
$
807,516,443
$
-
$
3,096,588
$
810,613,031
Preferred Stock
-
-
5,089,904
5,089,904
Short-Term Investments:
Repurchase Agreements
-
6,322,163
-
6,322,163
Total
$
807,516,443
$
6,322,163
$
8,186,492
$
822,025,098
Fund
Counterparty
Short-term
Investments,
at Value
Collateral
Pledged (From)
Counterparty
Dividend Growth
Fixed Income Clearing Corporation
$
74,928,785
$
(76,427,567)
Global Dividend Growth
Fixed Income Clearing Corporation
100,000
(102,070)
Winslow Large-Cap Growth ESG
Fixed Income Clearing Corporation
6,322,163
(6,448,689)
Fund
Non-U.S.
Government
Purchases
Non-U.S.
Government
Sales
Dividend Growth
$
527,604,286
$
616,011,671
Global Dividend Growth
1,602,980
4,629,857
Winslow Large-Cap Growth ESG
405,654,265
495,331,646
22
Notes to Financial Statements
(continued)
5. Derivative Investments
Each Fund is authorized to invest in certain derivative instruments. As defined by U.S. GAAP, a derivative is a financial instrument whose value is
derived from an underlying security price, foreign exchange rate, interest rate, index of prices or rates, or other variables. Investments in derivatives
as of the end of and/or during the current fiscal period, if any, are included within the Statement of Assets and Liabilities and the Statement of
Operations, respectively.
Market and Counterparty Credit Risk:
In the normal course of business each Fund may invest in financial instruments and enter into financial
transactions where risk of potential loss exists due to changes in the market (market risk) or failure of the other party to the transaction to perform
(counterparty credit risk). The potential loss could exceed the value of the financial assets recorded on the financial statements. Financial assets,
which potentially expose each Fund to counterparty credit risk, consist principally of cash due from counterparties on forward, option and swap
transactions, when applicable. The extent of each Fund's exposure to counterparty credit risk in respect to these financial assets approximates their
carrying value as recorded on the Statement of Assets and Liabilities.
Each Fund helps manage counterparty credit risk by entering into agreements only with counterparties the Adviser believes have the financial
resources to honor their obligations and by having the Adviser monitor the financial stability of the counterparties. Additionally, counterparties may
be required to pledge collateral daily (based on the daily valuation of the financial asset) on behalf of each Fund with a value approximately equal
to the amount of any unrealized gain above a pre-determined threshold. Reciprocally, when each Fund has an unrealized loss, the Funds have
instructed the custodian to pledge assets of the Funds as collateral with a value approximately equal to the amount of the unrealized loss above a
pre-determined threshold. Collateral pledges are monitored and subsequently adjusted if and when the valuations fluctuate, either up or down, by
at least the pre-determined threshold amount.
6. Fund Shares
Transactions in Fund shares during the current and prior fiscal period were as follows:
Six Months Ended
1/31/26
Year Ended
7/31/25
Dividend Growth
Shares
Value
Shares
Value
Subscriptions:
Class A
1,147,721
$73,717,460
1,835,991
$115,222,608
Class A - automatic conversion of Class C
34
2,221
3,411
217,928
Class C
127,675
8,181,917
323,879
20,320,421
Class R6
5,187,505
347,482,942
3,676,988
231,608,730
Class I
2,267,415
144,626,257
4,742,677
296,543,282
Total subscriptions
8,730,350
574,010,797
10,582,946
663,912,969
Reinvestments of distributions:
Class A
1,011,891
62,826,848
770,360
48,783,144
Class C
131,079
8,108,109
113,176
7,163,375
Class R6
3,557,407
223,601,767
2,504,786
160,286,822
Class I
2,091,325
129,749,528
1,712,449
108,263,565
Total reinvestments of distributions
6,791,702
424,286,252
5,100,771
324,496,906
Redemptions:
Class A
(1,596,320)
(103,331,841)
(2,477,974)
(155,730,310)
Class C
(505,799)
(32,800,079)
(1,077,376)
(67,266,081)
Class C - automatic conversion to Class A
(34)
(2,221)
(3,415)
(217,928)
Class R6
(2,264,538)
(147,133,791)
(7,421,342)
(472,174,870)
Class I
(4,135,193)
(266,890,662)
(7,644,841)
(475,600,641)
Total redemptions
(8,501,884)
(550,158,594)
(18,624,948)
(1,170,989,830)
Net increase (decrease)
7,020,168
$448,138,455
(2,941,231)
$(182,579,955)
23
7. Income Tax Information
Each Fund is a separate taxpayer for federal income tax purposes. Each Fund intends to distribute substantially all of its net investment income and
net capital gains to shareholders and otherwise comply with the requirements of Subchapter M of the Internal Revenue Code applicable to regulated
investment companies. Therefore, no federal income tax provision is required.
Each Fund files income tax returns in U.S. federal and applicable state and local jurisdictions. A Fund's federal income tax returns are generally
subject to examination for a period of three fiscal years after being filed. State and local tax returns may be subject to examination for an additional
period of time depending on the jurisdiction. Management has analyzed each Fund's tax positions taken for all open tax years and has concluded
that no provision for income tax is required in the Fund's financial statements.
Six Months Ended
1/31/26
Year Ended
7/31/25
Global Dividend Growth
Shares
Value
Shares
Value
Subscriptions:
Class A
10,194
$372,840
25,856
$923,855
Class C
495
17,034
3,548
128,294
Class I
4,120
148,594
21,858
768,592
Total subscriptions
14,809
538,468
51,262
1,820,741
Reinvestments of distributions:
Class A
26,841
927,626
18,797
667,169
Class C
932
31,971
984
34,740
Class I
20,667
714,394
16,521
586,311
Total reinvestments of distributions
48,440
1,673,991
36,302
1,288,220
Redemptions:
Class A
(38,574)
(1,389,579)
(27,514)
(964,474)
Class C
(3,993)
(145,690)
(6,737)
(237,365)
Class I
(72,175)
(2,660,359)
(67,518)
(2,416,570)
Total redemptions
(114,742)
(4,195,628)
(101,769)
(3,618,409)
Net increase (decrease)
(51,493)
$(1,983,169)
(14,205)
$(509,448)
Six Months Ended
1/31/26
Year Ended
7/31/25
Winslow Large-Cap Growth ESG
Shares
Value
Shares
Value
Subscriptions:
Class A
206,673
$11,228,542
624,602
$36,404,521
Class A - automatic conversion of Class C
-
-
486
28,522
Class C
40,162
1,619,244
39,418
1,655,635
Class R6
352,913
22,993,296
808,698
51,845,900
Class I
669,444
41,537,097
1,318,684
82,082,038
Total subscriptions
1,269,192
77,378,179
2,791,888
172,016,616
Reinvestments of distributions:
Class A
740,164
36,749,148
420,120
24,484,603
Class C
90,374
2,909,137
45,352
1,915,220
Class R6
431,982
24,778,460
304,566
19,885,116
Class I
1,627,865
89,516,276
1,063,163
67,117,484
Total reinvestments of distributions
2,890,385
153,953,021
1,833,201
113,402,423
Redemptions:
Class A
(359,792)
(20,192,132)
(1,877,652)
(106,839,172)
Class C
(77,996)
(2,845,311)
(86,942)
(3,604,579)
Class C - automatic conversion to Class A
-
-
(658)
(28,522)
Class R6
(845,946)
(57,012,596)
(800,666)
(50,666,629)
Class I
(1,230,632)
(76,538,444)
(3,120,553)
(192,855,048)
Total redemptions
(2,514,366)
(156,588,483)
(5,886,471)
(353,993,950)
Net increase (decrease)
1,645,211
$74,742,717
(1,261,382)
$(68,574,911)
24
Notes to Financial Statements
(continued)
As of the end of the reporting period, the aggregate cost and the net unrealized appreciation/(depreciation) of all investments for federal income tax
purposes were as follows:
For purposes of this disclosure, tax cost generally includes the cost of portfolio investments as well as up-front fees or premiums exchanged on
derivatives and any amounts unrealized for income statement reporting but realized income and/or capital gains for tax reporting, if applicable.
As of prior fiscal period end, the components of accumulated earnings on a tax basis were as follows:
8. Management Fees and Other Transactions with Affiliates
Management Fees:
Each Fund's management fee compensates the Adviser for the overall investment advisory and administrative services and
general office facilities. The Sub-Advisers are compensated for their services to the Funds from the management fees paid to the Adviser.
Each Fund's management fee consists of two components - a fund-level fee, based only on the amount of assets within each individual Fund, and
a complex-level fee, based on the aggregate amount of all eligible fund assets managed by the Adviser. This pricing structure enables each Fund's
shareholders to benefit from growth in the assets within their respective Fund as well as from growth in the amount of complex-wide assets managed
by the Adviser.
The annual fund-level fee, payable monthly, for each Fund is calculated according to the following schedule:
The annual complex-level fee, payable monthly, for each Fund is calculated according to the following schedule:
* The complex-level fee is calculated based upon the aggregate daily "eligible assets" of all Nuveen-branded closed-end funds and Nuveen branded open-end funds ("Nuveen Mutual
Funds"). Except as described below, eligible assets include the assets of all Nuveen-branded closed-end funds and Nuveen Mutual Funds organized in the United States. Eligible assets do
not include the net assets of: Nuveen fund-of-funds, Nuveen money market funds, Nuveen index funds, Nuveen Large Cap Responsible Equity Fund or Nuveen Life Large Cap Responsible
Equity Fund. In addition, eligible assets include a fixed percentage of the aggregate net assets of the active equity and fixed income Nuveen Mutual Funds advised by the Adviser's affiliate,
Teachers Advisors, LLC (except those identified above). The fixed percentage will increase annually until May 1, 2033, at which time eligible assets will include all of the aggregate net assets
of the active equity and fixed income Nuveen Mutual Funds advised by Teachers Advisors, LLC (except those identified above). Eligible assets include closed-end fund assets managed by
Fund
Tax Cost
Gross Unrealized
Appreciation
Gross
Unrealized
(Depreciation)
Net
Unrealized
Appreciation
(Depreciation)
Dividend Growth
$
3,404,491,339
$
3,341,409,326
$
(100,415,137)
$
3,240,994,189
Global Dividend Growth
9,066,983
7,832,776
(341,553)
7,491,223
Winslow Large-Cap Growth ESG
495,165,439
334,242,938
(7,383,279)
326,859,659
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
$
5,428,328
$
451,881,249
$
3,022,728,552
$
-
$
-
$
-
$
3,480,038,129
Global Dividend Growth
42,773
1,161,422
7,730,163
-
-
-
8,934,358
Winslow Large-Cap Growth
ESG
5,727,620
105,151,313
377,550,509
-
-
-
488,429,442
Average Daily Net Assets
Dividend Growth
Global
Dividend
Growth
Winslow Large-
Cap Growth ESG
For the first $125 million
0.5000
%
0.5500
%
0.5000
%
For the next $125 million
0.4875
0.5375
0.4875
For the next $250 million
0.4750
0.5250
0.4750
For the next $500 million
0.4625
0.5125
0.4625
For the next $1 billion
0.4500
0.5000
0.4500
For the next $3 billion
0.4250
0.4750
0.4250
For the next $2.5 billion
0.4000
0.4500
0.4000
For the next $2.5 billion
0.3875
0.4375
0.3875
For net assets over $10 billion
0.3750
0.4250
0.3750
Complex-Level Asset Breakpoint Level*
Complex-Level Fee
For the first $124.3 billion
0.1600
%
For the next $75.7 billion
0.1350
For the next $200 billion
0.1325
For eligible assets over $400 billion
0.1300
25
the Adviser that are attributable to financial leverage. For these purposes, financial leverage includes the closed-end funds' use of preferred stock and borrowings and certain investments
in the residual interest certificates (also called inverse floating rate securities) in tender option bond (TOB) trusts, including the portion of assets held by a TOB trust that has been effectively
financed by the trust's issuance of floating rate securities, subject to an agreement by the Adviser as to certain funds to limit the amount of such assets for determining eligible assets in
certain circumstances.
As of the end of the current fiscal period, the complex-level fee rate for each Fund was as follows:
The Adviser has agreed to waive fees and/or reimburse expenses ("Expense Cap") of the Funds so that the total annual Fund operating expenses
(excluding 12b-1 distribution and/or service fees, interest expenses, taxes, acquired fund fees and expenses, fees incurred in acquiring and disposing
of portfolio securities and extraordinary expenses) do not exceed the average daily net assets of any class of Fund shares in the amounts and for the
time periods stated in the following table. However, because Class R6 Shares are not subject to sub-transfer agent and similar fees, the total annual
fund operating expense for the Class R6 Shares will be less than the expense limitation. The temporary expense limitations may be terminated or
modified prior to expiration date only with the approval of the Board. The expense limitations in effect thereafter may be terminated or modified
only with the approval of shareholders of each Fund.
Distribution and Service Fees:
Each Fund has adopted a distribution and service plan under rule 12b-1 under the 1940 Act. Class A Shares
incur a 0.25% annual 12b-1 service fee. Class C Shares incur a 0.75% annual 12b-1 distribution fee and a 0.25% annual 12b-1 service fee. Class R6
Shares and Class I Shares are not subject to 12b-1 distribution or service fees. The fees under this plan compensate Nuveen Securities, LLC, (the
"Distributor"), a wholly-owned subsidiary of Nuveen, for services provided and expenses incurred in distributing shares of the Funds and establishing
and maintaining shareholder accounts.
Other Transactions with Affiliates:
The Funds receive voluntary compensation from the Adviser in amounts that approximate the cost of research
services obtained from broker-dealers and research providers if the Adviser had purchased the research services directly. This income received by the
Funds is recognized in "Affiliated income" on the Statement of Operations and any amounts due to the Funds at the end of the current fiscal period
is recognized in "Reimbursement from Adviser" on the Statement of Assets and Liabilities. During the current fiscal period, the values of voluntary
compensation were as follows:
During the current fiscal period, the Distributor, collected sales charges on purchases of Class A Shares, the majority of which were paid out as
concessions to financial intermediaries as follows:
The Distributor also received 12b-1 service fees on Class A Shares, substantially all of which were paid to compensate financial intermediaries for
providing services to shareholders relating to their investments.
During the current fiscal period, the Distributor compensated financial intermediaries directly with commission advances at the time of purchase as
follows:
Fund
Complex-Level Fee
Dividend Growth
0.1558
%
Global Dividend Growth
0.1558
Winslow Large-Cap Growth ESG
0.1558
Fund
Temporary
Expense Cap
Temporary
Expense Cap
Expiration Date
Permanent
Expense Cap
Dividend Growth
N/A
N/A
1.25%
Global Dividend Growth
0.94%
July 31, 2027
N/A
Winslow Large-Cap Growth ESG
0.69%
July 31, 2027
1.25%
N/A - Not Applicable.
Fund
Value
Dividend Growth
$
231,258
Global Dividend Growth
541
Winslow Large-Cap Growth ESG
82,192
Fund
Sales Charges
Collected
Paid to Financial
Intermediaries
Dividend Growth
$
122,189
$
108,833
Global Dividend Growth
6,566
5,759
Winslow Large-Cap Growth ESG
79,980
70,416
26
Notes to Financial Statements
(continued)
To compensate for commissions advanced to financial intermediaries, all 12b-1 service and distribution fees collected on Class C Shares during the
first year following a purchase are retained by the Distributor. During the current fiscal period, the Distributor retained such 12b-1 fees as follows:
The remaining 12b-1 fees charged to each Fund were paid to compensate financial intermediaries for providing services to shareholders relating to
their investments.
The Distributor also collected and retained CDSC on share redemptions during the current fiscal period, as follows:
Affiliated Owned Shares:
As of the end of the current fiscal period, the percentage of Fund shares owned by affiliates was as follows:
9. Borrowing Arrangements
Line of Credit:
The Funds, along with certain funds managed by the Adviser or by an affiliate of the Adviser ("Participating Funds"), have
established a 364-day, $2.7 billion standby credit facility with a group of lenders, under which the Participating Funds may borrow for temporary
purposes (other than on-going leveraging for investment purposes). Each Participating Fund is allocated a designated proportion of the facility's
capacity (and its associated costs, as described below) based upon a multi-factor assessment of the likelihood and frequency of its need to draw
on the facility, the size of the Fund and its anticipated draws, and the potential importance of such draws to the operations and well-being of the
Fund, relative to those of the other Funds. A Fund may effect draws on the facility in excess of its designated capacity if and to the extent that other
Participating Funds have undrawn capacity. The credit facility expires in June 2026, unless extended or renewed.
The credit facility has the following terms: 0.15% per annum on unused commitment amounts and a drawn interest rate equal to the higher
of (a) OBFR (Overnight Bank Funding Rate) plus 1.20% per annum or (b) the Fed Funds Effective Rate plus 1.20% per annum on amounts
borrowed. Interest expense incurred by the Participating Funds, when applicable, is recognized as a component of "Interest expense" on the
Statement of Operations. Participating Funds paid administration, legal and arrangement fees, which are recognized as a component of "Interest
expense" on the Statement of Operations, and along with commitment fees, have been allocated among such Participating Funds based upon the
relative proportions of the facility's aggregate capacity reserved for them and other factors deemed relevant by the Adviser and the Board of each
Participating Fund.
During the current fiscal period, the Funds did not utilize this facility.
Fund
Commission
Advances
Dividend Growth
$
65,873
Global Dividend Growth
68
Winslow Large-Cap Growth ESG
6,793
Fund
12b-1 Fees
Retained
Dividend Growth
$
73,215
Global Dividend Growth
95
Winslow Large-Cap Growth ESG
6,426
Fund
CDSC
Retained
Dividend Growth
$
12,319
Global Dividend Growth
-
Winslow Large-Cap Growth ESG
8,644
Underlying Fund
Nuveen
Lifecycle
Funds
Nuveen
Lifestyle
Funds
Nuveen
Managed
Allocation
Fund
TIAA Access
*
Total
Dividend Growth
38%
2%
1%
-%
41%
Global Dividend Growth
-%
-%
-%
-%
-%
Winslow Large-Cap Growth ESG
-%
-%
-%
1%
1%
*
TIAA Access is a registered separate account of TIAA, consisting of various sub-accounts that invest in the Funds.
Item 8.

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

Not applicable.

Item 9.

Proxy Disclosures for Open-End Management Investment Companies.

Not applicable.

Item 10.

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

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

Item 11.

Statement Regarding Basis for Approval of Investment Advisory Contract.

Not applicable.

Item 12.

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

Not applicable to open-endinvestment companies.

Item 13.

Portfolio Managers of Closed-End Management Investment Companies.

Not applicable to open-endinvestment companies.

Item 14.

Purchases of Equity Securities by Closed-End Management 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-End Management 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 to this filing.
(a )(2) Not applicable to this filing.
(a )(3) Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.
(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: April 2, 2026 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: April 2, 2026 By:

/s/ Jordan M. Farris

Jordan M. Farris
Chief Administrative Officer
(principal executive officer)
Date: April 2, 2026 By:

/s/ Marc Cardella

Marc Cardella
Vice President and Controller
(principal financial officer)
Nuveen Investment Trust II published this content on April 02, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 02, 2026 at 14:30 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]