UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT

INVESTMENT COMPANY

Investment Company Act file number 811- 05309

Nuveen Investment Funds, Inc.

(Exact name of registrant as specified in charter)

Nuveen Investments

333 West Wacker Drive, Chicago, Illinois 60606

(Address of principal executive offices) (Zip code)

Kevin J. McCarthy—Vice President and Secretary

333 West Wacker Drive, Chicago, Illinois 60606

(Name and address of agent for service)

Registrant’s telephone number, including area code: 312-917-7700

Date of fiscal year end: October 31

Date of reporting period: July 31, 2012

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments.

Portfolio of Investments (Unaudited)

Nuveen Large Cap Select Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 99.4%
		Consumer Discretionary – 14.7%
	749	AutoZone, Inc., (2)	$	281,047
	8,261	Bed Bath and Beyond Inc., (2)		503,508
	16,306	Brunswick Corporation, (3)		358,569
	19,037	Foot Locker, Inc.		628,602
	19,890	Home Depot, Inc., (3)		1,037,860
	10,664	Jarden Corporation		482,013
	13,243	Macy’s, Inc.		474,629
	5,301	Polaris Industries Inc., (3)		398,423
	628	priceline.com Incorporated, (2), (3)		415,573
	19,378	Staples, Inc., (3)		246,876
	8,504	Target Corporation, (3)		515,768
	7,294	Whirlpool Corporation, (3)		492,783
		Total Consumer Discretionary		5,835,651
		Consumer Staples – 6.3%
	21,440	CVS Caremark Corporation, (3)		970,160
	28,491	Kraft Foods Inc., (3)		1,131,378
	25,345	Tyson Foods, Inc., Class A, (3)		380,428
		Total Consumer Staples		2,481,966
		Energy – 12.8%
	8,289	Anadarko Petroleum Corporation		575,588
	11,010	Chevron Corporation, (3)		1,206,476
	4,493	Exxon Mobil Corporation, (3)		390,217
	6,750	National-Oilwell Varco Inc.		488,025
	5,573	Occidental Petroleum Corporation		485,018
	2,970	Pioneer Natural Resources Company, (3)		263,231
	17,837	QEP Resources Inc.		535,645
	10,050	Schlumberger Limited		716,163
	15,962	Valero Energy Corporation		438,955
		Total Energy		5,099,318
		Financials – 13.8%
	13,941	Allstate Corporation, (3)		478,176
	14,789	Capital One Financial Corporation		835,431
	11,988	Citigroup Inc.		325,234
	11,002	PNC Financial Services Group, Inc.		650,218
	14,214	Prudential Financial, Inc., (3)		686,252
	36,773	SLM Corporation, (3)		588,000
	22,558	U.S. Bancorp, (3)		755,693
	35,025	Wells Fargo & Company		1,184,195
		Total Financials		5,503,199
		Health Care – 14.4%
	11,710	Agilent Technologies, Inc.		448,376
	5,482	Allergan, Inc.		449,908
	8,598	Covidien PLC		480,456
	9,723	Gilead Sciences, Inc., (2)		528,251

Nuveen Investments 1

Portfolio of Investments (Unaudited)

Nuveen Large Cap Select Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Health Care (continued)
	10,706	GlaxoSmithKline PLC	$	492,476
	7,926	McKesson HBOC Inc.		719,126
	3,760	Perrigo Company, (3)		428,715
	64,830	Pfizer Inc.		1,558,513
	7,477	UnitedHealth Group Incorporated		382,000
	5,019	Vertex Pharmaceuticals Inc., (2)		243,472
		Total Health Care		5,731,293
		Industrials – 10.5%
	9,450	Boeing Company		698,450
	12,941	Dover Corporation		704,896
	16,025	Eaton Corporation, (3)		702,536
	15,839	Emerson Electric Company, (3)		756,629
	35,977	General Electric Company, (3)		746,523
	13,684	Ingersoll Rand Company Limited, Class A		580,338
		Total Industrials		4,189,372
		Information Technology – 15.9%
	3,872	Apple, Inc., (2)		2,364,863
	7,165	Autodesk, Inc., (2)		243,037
	10,128	BMC Software, Inc., (2)		401,069
	15,241	EMC Corporation, (2), (3)		399,467
	1,261	Google Inc., Class A, (2)		798,175
	1,443	MasterCard, Inc.		629,971
	19,027	Maxim Integrated Products, Inc.		518,105
	6,385	Teradata Corporation, (2), (3)		431,754
	8,436	VeriFone Holdings Inc., (2), (3)		306,142
	2,346	VMware Inc.		212,923
		Total Information Technology		6,305,506
		Materials – 3.9%
	2,138	CF Industries Holdings, Inc.		418,535
	10,788	LyondellBasell Industries NV		480,390
	7,677	Monsanto Company		657,305
		Total Materials		1,556,230
		Telecommunication Services – 4.4%
	24,901	AT&T Inc., (3)		944,245
	18,077	Verizon Communications Inc.		815,995
		Total Telecommunication Services		1,760,240
		Utilities – 2.7%
	14,076	Edison International		650,030
	23,622	NV Energy Inc.		432,046
		Total Utilities		1,082,076
		Total Common Stocks (cost $36,619,100)		39,544,851

2 Nuveen Investments

Shares		Description (1)	Value
		INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 35.9%
		Money Market Funds – 35.9%
	14,305,166	Mount Vernon Securities Lending Prime Portfolio, 0.270%, (4), (5)	$	14,305,166
		Total Investments Purchased with Collateral from Securities Lending (cost $14,305,166)		14,305,166
		Total Investments (cost $50,924,266) – 135.3%		53,850,017
		Other Assets Less Liabilities – (35.3)%		(14,050,120)
		Net Assets – 100%	$	39,799,897

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	39,544,851	$	—	$	—	$	39,544,851
Investments Purchased with Collateral from Securities Lending		14,305,166		—		—		14,305,166
Total	$	53,850,017	$	—	$	—	$	53,850,017

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

Nuveen Investments 3

Portfolio of Investments (Unaudited)

Nuveen Large Cap Select Fund (continued)

July 31, 2012

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments was $51,416,839.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	3,857,635
Depreciation		(1,424,457	)
Net unrealized appreciation (depreciation) of investments	$	2,433,178

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

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

(3) Investment, or a portion of investment, is out on loan for securities lending.

(4) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(5) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker-dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.

4 Nuveen Investments

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Select Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 94.3%
		Consumer Discretionary – 17.0%
	13,587	Ascena Retail Group Inc., (2)	$	249,186
	4,761	Bed Bath and Beyond Inc., (2)		290,183
	8,154	Brunswick Corporation, (3)		179,306
	15,075	Cinemark Holdings Inc., (3)		352,454
	3,419	Coinstar Inc., (2), (3)		162,368
	4,696	Dollar Tree Stores Inc., (2)		236,397
	11,959	Foot Locker, Inc.		394,886
	6,217	GNC Holdings Inc.		239,541
	20,793	Interpublic Group Companies, Inc.		205,227
	5,374	Jarden Corporation		242,905
	8,398	Macy’s, Inc.		300,984
	1,699	Panera Bread Company, (2), (3)		267,576
	6,565	PetSmart Inc., (3)		434,012
	3,279	Polaris Industries Inc., (3)		246,450
	13,632	Sally Beauty Holdings Inc., (2)		360,157
	19,357	Staples, Inc., (3)		246,608
		Total Consumer Discretionary		4,408,240
		Consumer Staples – 4.7%
	6,811	Constellation Brands, Inc., Class A, (2)		192,138
	4,782	Monster Beverage Corporation, (2)		317,860
	21,192	Spartan Stores, Inc., (3)		364,502
	23,229	Tyson Foods, Inc., Class A, (3)		348,667
		Total Consumer Staples		1,223,167
		Energy – 3.1%
	4,062	Concho Resources Inc., (2)		346,286
	38,309	Parker Drilling Company, (2)		177,371
	1,571	Pioneer Natural Resources Company, (3)		139,238
	4,542	QEP Resources Inc., (3)		136,396
		Total Energy		799,291
		Financials – 20.9%
	4,517	AFLAC Incorporated, (3)		197,754
	3,806	Allstate Corporation, (3)		130,546
	4,173	Capital One Financial Corporation		235,733
	27,698	CNO Financial Group Inc., (3)		229,616
	5,182	Digital Realty Trust Inc., (3)		404,559
	8,068	Discover Financial Services		290,125
	12,659	East West Bancorp Inc.		275,966
	26,299	Fifth Third Bancorp.		363,452
	32,512	KeyCorp.		259,446
	19,769	Knight Trading Group Inc., (3)		204,214
	8,433	Liberty Property Trust		306,034
	10,234	Lincoln National Corporation, (3)		205,192
	43,780	MFA Mortgage Investments, Inc.		353,742
	11,787	National Retail Properties, Inc., (3)		347,717

Nuveen Investments 5

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Select Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Financials (continued)
	3,616	Prudential Financial, Inc., (3)	$	174,580
	4,875	PS Business Parks Inc., (3)		329,599
	20,587	SLM Corporation, (3)		329,186
	11,256	SunTrust Banks, Inc.		266,204
	10,832	Unum Group		204,616
	14,957	Webster Financial Corporation		306,918
		Total Financials		5,415,199
		Health Care – 9.4%
	7,090	Agilent Technologies, Inc.		271,476
	2,174	Alexion Pharmaceuticals Inc., (2), (3)		227,944
	6,660	AmerisourceBergen Corporation, (3)		264,402
	3,858	Haemonetics Corporation, (3)		277,429
	6,342	ICU Medical, Inc., (2), (3)		338,219
	2,927	Idexx Labs Inc., (2), (3)		258,074
	3,510	McKesson HBOC Inc.		318,462
	1,677	Regeneron Pharmaceuticals, Inc., (2), (3)		225,808
	15,609	Warner Chilcott Limited, (2)		265,353
		Total Health Care		2,447,167
		Industrials – 14.3%
	10,417	Actuant Corporation, (3)		296,468
	4,750	Acuity Brands Inc., (3)		275,215
	9,840	Ametek Inc.		305,040
	4,968	Crane Company		193,752
	5,607	Dover Corporation		305,413
	4,964	Eaton Corporation, (3)		217,622
	7,792	G&K Services, Inc.		245,526
	7,923	General Cable Corporation, (3)		207,028
	11,280	Ingersoll Rand Company Limited, Class A		478,385
	3,364	MSC Industrial Direct Inc., Class A		231,208
	2,995	Roper Industries Inc., (3)		297,853
	13,039	Tetra Tech, Inc., (2), (3)		335,233
	6,483	Verisk Analytics Inc, Class A Shares, (2)		325,771
		Total Industrials		3,714,514
		Information Technology – 8.7%
	11,153	Autodesk, Inc., (2)		378,310
	7,400	BMC Software, Inc., (2)		293,040
	4,117	CommVault Systems, Inc., (2), (3)		199,757
	42,323	Integrated Device Technology, Inc., (2), (3)		213,308
	14,945	Maxim Integrated Products, Inc.		406,952
	41,623	Photronics Inc., (2), (3)		243,495
	5,893	Plantronics Inc., (3)		193,408
	6,212	Red Hat, Inc., (2)		333,336
		Total Information Technology		2,261,606
		Materials – 7.2%
	5,153	Albemarle Corporation		300,008
	1,564	CF Industries Holdings, Inc.		306,169

6 Nuveen Investments

Shares		Description (1)	Value
		Materials (continued)
	5,127	LyondellBasell Industries NV	$	228,305
	4,544	Minerals Technologies Inc., (3)		290,543
	11,420	Packaging Corp. of America		351,622
	3,635	PPG Industries, Inc.		397,887
		Total Materials		1,874,534
		Telecommunication Services – 0.8%
	9,880	NTELOS Holdings Corp		209,456
		Utilities – 8.2%
	7,981	Atmos Energy Corporation		286,118
	13,217	CenterPoint Energy, Inc.		278,350
	9,969	CMS Energy Corporation, (3)		245,835
	11,595	El Paso Electric Company, (3)		392,490
	7,111	Pinnacle West Capital Corporation, (3)		380,722
	11,847	PPL Corporation, (3)		342,378
	4,815	Southwest Gas Corporation		215,038
		Total Utilities		2,140,931
		Total Common Stocks (cost $23,455,541)		24,494,105
Shares		Description (1)	Value
		INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 39.1%
		Money Market Funds – 39.1%
	10,145,692	Mount Vernon Securities Lending Prime Portfolio, 0.270%, (4), (5)	$	10,145,692
		Total Investments Purchased with Collateral from Securities Lending (cost $10,145,692)		10,145,692
Shares		Description (1)	Value
		SHORT-TERM INVESTMENTS – 4.5%
		Money Market Funds – 4.5%
	1,155,120	First American Treasury Obligations Fund, Class Z, 0.000%, (4)	$	1,155,120
		Total Short-Term Investments (cost $1,155,120)		1,155,120
		Total Investments (cost $34,756,353) – 137.9%		35,794,917
		Other Assets Less Liabilities – (37.9)%		(9,833,609)
		Net Assets – 100%	$	25,961,308

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

Nuveen Investments 7

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Select Fund (continued)

July 31, 2012

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	24,494,105	$	—	$	—	$	24,494,105
Investments Purchased with Collateral from Securities Lending		10,145,692		—		—		10,145,692
Short-Term Investments:
Money Market Funds		1,155,120		—		—		1,155,120
Total	$	35,794,917	$	—	$	—	$	35,794,917

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments was $34,763,310.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	2,038,107
Depreciation		(1,006,500	)
Net unrealized appreciation (depreciation) of investments	$	1,031,607

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

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

(3) Investment, or a portion of investment, is out on loan for securities lending.

(4) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(5) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker-dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.

8 Nuveen Investments

Portfolio of Investments (Unaudited)

Nuveen Small Cap Select Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 97.6%
		Consumer Discretionary – 15.9%
	130,652	Ann Inc., (2), (3)	$	3,538,056
	378,519	Ascena Retail Group Inc., (2)		6,942,038
	246,585	Bravo Brio Restaurant Group, (2), (3)		4,455,791
	309,760	Brunswick Corporation, (3)		6,811,622
	126,969	Caribou Coffee Company, Inc., (3)		1,443,638
	63,148	Coinstar Inc., (2), (3)		2,998,899
	72,551	Columbia Sportswear Company, (3)		3,670,355
	205,372	Cooper Tire & Rubber		3,587,849
	179,708	G III Apparel Group, Limited, (2)		4,415,426
	116,240	Gaylord Entertainment Company, (3)		4,271,820
	165,360	Life Time Fitness Inc., (2), (3)		7,508,998
	22,804	Panera Bread Company, Class A, (2), (3)		3,591,402
	91,936	Pool Corporation, (3)		3,388,761
	243,903	ReachLocal Inc., (2), (3)		2,858,543
	428,295	Ruby Tuesday, Inc., (3)		2,745,371
	322,300	Texas Roadhouse, Inc., (3)		5,579,013
	91,172	Zumiez, Inc., (3)		3,312,279
		Total Consumer Discretionary		71,119,861
		Consumer Staples – 4.4%
	58,887	Hain Celestial Group Inc., (2), (3)		3,279,417
	55,092	Harris Teeter Supermarkets Incorporated		2,277,503
	109,835	Natural Grocers by Vitamin Cottage Incorporated, (3)		2,227,454
	424,460	Smart Balance Inc., (2), (3)		4,040,859
	174,949	The Chef’s Warehouse Inc., (3)		2,825,426
	89,160	Treehouse Foods Inc., (2), (3)		4,992,068
		Total Consumer Staples		19,642,727
		Energy – 5.4%
	139,269	Atwood Oceanics Inc.		6,201,649
	184,053	Energy XXI Limited Bermuda, (3)		5,738,773
	415,940	Goodrich Petroleum Corporation, (2), (3)		4,824,904
	425,605	Key Energy Services Inc.		3,409,096
	857,416	Parker Drilling Company, (3)		3,969,836
		Total Energy		24,144,258
		Financials – 21.1%
	545,368	Associated Banc-Corp., (3)		6,811,646
	506,802	Calamos Asset Management, Inc., Class A, (3)		5,356,897
	315,774	Cardinal Financial Corporation, (3)		4,041,907
	204,093	East West Bancorp Inc.		4,449,227
	66,660	EastGroup Properties Inc. – REIT, (3)		3,564,977
	249,743	Everbank Financial Corporation, (2)		2,991,921
	236,433	Evercore Partners Inc., Class A		5,478,153
	130,788	Home Bancshares, Inc., (3)		3,943,258
	288,437	Invesco Mortgage Capital Inc. – REIT, (3)		5,708,168
	292,045	Knight Trading Group Inc., Class A, (3)		3,016,825

Nuveen Investments 9

Portfolio of Investments (Unaudited)

Nuveen Small Cap Select Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Financials (continued)
	659,544	Maiden Holdings, Ltd	$	5,599,529
	462,449	MFA Mortgage Investments, Inc. – REIT		3,736,588
	208,092	National Retail Properties, Inc. – REIT, (3)		6,138,714
	176,536	Platinum Underwriters Holdings Limited, (3)		6,711,899
	75,317	PS Business Parks Inc. – REIT, (3)		5,092,182
	136,701	Stifel Financial Corporation, (3)		4,114,700
	159,337	Terreno Realty Corporation – REIT, (3)		2,375,715
	724,153	Umpqua Holdings Corporation, (3)		9,037,429
	206,994	Waddell & Reed Financial, Inc., Class A, (3)		6,021,455
		Total Financials		94,191,190
		Health Care – 14.1%
	132,838	Align Technology, Inc., (2), (3)		4,511,178
	50,208	Alkermes Inc., (2), (3)		933,367
	86,008	Arena Pharmaceuticals, Inc., (3)		719,027
	68,228	Cepheid, Inc., (2), (3)		2,186,025
	58,695	Cubist Pharmaceuticals Inc., (3)		2,527,407
	299,007	HealthSouth Corporation, (3)		6,697,757
	87,212	ICU Medical, Inc., (2), (3)		4,651,016
	35,871	Immunogen, Inc., (2), (3)		578,958
	113,928	Impax Laboratories Inc., (2)		2,531,480
	113,013	Integra Lifesciences Holdings Corporation, (3)		4,346,480
	30,470	Ironwood Pharmacauticals Inc., (2), (3)		392,149
	38,585	ISIS Pharmaceuticals, Inc., (3)		467,650
	76,087	Mednax Inc., (2)		5,031,633
	426,811	Merit Medical Systems, Inc., (3)		5,766,217
	21,617	Pharmacyclics, Inc., (3)		1,150,241
	88,728	Salix Pharmaceuticals Limited, (2)		3,976,789
	37,268	Seattle Genetics, Inc., (3)		974,931
	105,378	Sirona Dental Systems, Inc., (2)		4,555,491
	70,127	Theravance Inc., (2), (3)		2,042,800
	167,537	Thoratec Corporation, (2)		5,748,194
	88,661	U.S. Physical Therapy, Inc.		2,275,928
	40,591	Vivus, Inc., (3)		853,629
		Total Health Care		62,918,347
		Industrials – 15.7%
	176,789	Actuant Corporation, Class A		5,031,415
	49,322	Allegiant Travel Company, (2), (3)		3,504,821
	321,028	Altra Industrial Motion, Inc.		5,303,383
	569,047	CBIZ Inc., (2), (3)		3,010,259
	131,484	Con-Way, Inc.		4,683,460
	178,775	ESCO Technologies Inc., (3)		6,437,688
	174,028	General Cable Corporation		4,547,352
	464,524	MasTec Inc., (2), (3)		7,413,803
	342,573	MYR Group Inc., (2)		5,590,791
	551,159	Orbital Sciences Corporation, (2), (3)		7,220,183

10 Nuveen Investments

Shares		Description (1)	Value
		Industrials (continued)
	76,324	Regal-Beloit Corporation	$	4,912,976
	121,374	Robbins & Myers, Inc.		5,563,784
	159,777	Sykes Enterprises Inc., (3)		2,363,102
	292,648	TrueBlue Inc., (2), (3)		4,454,103
		Total Industrials		70,037,120
		Information Technology – 13.8%
	93,002	ADTRAN, Inc., (3)		2,006,983
	175,702	Aruba Networks, Inc., (3)		2,491,454
	111,188	Cavium Networks Inc., (2), (3)		3,004,300
	188,787	Euronet Worldwide, Inc., (3)		3,451,026
	127,270	Finisar Corporation, (2), (3)		1,581,966
	182,957	Fortinet Inc., (2)		4,392,798
	1,315,812	Integrated Device Technology, Inc., (2), (3)		6,631,692
	352,895	International Rectifier Corporation, (2), (3)		6,013,331
	221,620	Keynote Systems, Inc.		3,047,275
	60,478	LogMeIn Inc., (2), (3)		1,146,058
	542,467	Newport Corporation		6,102,754
	419,926	Polycom Inc., (2)		3,670,153
	227,796	Progress Software Corporation		4,428,354
	162,811	Semtech Corporation, (3)		3,889,555
	1,149,835	Smith Micro Software, Inc., (3)		1,989,215
	59,050	Synchronoss Technologies, Inc., (2), (3)		1,129,036
	391,762	Vocus, Inc., (2), (3)		6,777,483
		Total Information Technology		61,753,433
		Materials – 4.6%
	146,129	Buckeye Technologies Inc.		4,401,404
	218,797	Kraton Performance Polymers Inc., (2)		5,124,225
	71,075	Minerals Technologies Inc., (3)		4,544,535
	76,796	Rock-Tenn Company		4,471,063
	73,605	Schnitzer Steel Industries, Inc., (3)		2,113,200
		Total Materials		20,654,427
		Telecommunication Services – 1.4%
	870,308	Cbeyond Inc.		6,205,296
		Utilities – 1.2%
	153,844	Atmos Energy Corporation		5,515,307
		Total Common Stocks (cost $415,860,342)		436,181,966
Shares		Description (1)	Value
		INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 36.3%
		Money Market Funds – 36.3%
	162,324,717	Mount Vernon Securities Lending Prime Portfolio, 0.270%, (4), (5)	$	162,324,717
		Total Investments Purchased with Collateral from Securities Lending (cost $162,324,717)		162,324,717

Nuveen Investments 11

Portfolio of Investments (Unaudited)

Nuveen Small Cap Select Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		SHORT-TERM INVESTMENTS – 2.7%
		Money Market Funds – 2.7%
	12,206,331	First American Treasury Obligations Fund, Class Z, 0.000%, (4)	$	12,206,331
		Total Short-Term Investments (cost $12,206,331)		12,206,331
		Total Investments (cost $590,391,390) – 136.6%		610,713,014
		Other Assets Less Liabilities – (36.6)%		(163,647,657)
		Net Assets – 100%	$	447,065,357

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	436,181,966	$	—	$	—	$	436,181,966
Investments Purchased with Collateral from Securities Lending		162,324,717		—		—		162,324,717
Short-Term Investments:
Money Market Funds		12,206,331		—		—		12,206,331
Total	$	610,713,014	$	—	$	—	$	610,713,014

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

12 Nuveen Investments

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments was $593,696,943.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	54,786,808
Depreciation		(37,770,737	)
Net unrealized appreciation (depreciation) of investments	$	17,016,071

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

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

(3) Investment, or a portion of investment, is out on loan for securities lending.

(4) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(5) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker-dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.

REIT Real Estate Investment Trust

Nuveen Investments 13

Portfolio of Investments (Unaudited)

Nuveen Equity Index Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 96.8%
		Consumer Discretionary – 10.6%
	5,053	Abercrombie & Fitch Co., Class A, (2)	$	170,791
	21,386	Amazon.com, Inc., (2), (3)		4,989,354
	7,443	Apollo Group, Inc., (3)		202,450
	3,009	AutoNation Inc., (2), (3)		118,645
	1,622	AutoZone, Inc., (3)		608,623
	14,855	Bed Bath and Beyond Inc., (3)		905,412
	17,252	Best Buy Co., Inc., (2)		312,089
	3,980	Big Lots, Inc., (3)		161,230
	3,759	BorgWarner Inc., (2), (3)		252,229
	10,913	Cablevision Systems Corporation, Class A, (2)		167,405
	13,737	CarMax, Inc., (2), (3)		382,301
	26,602	Carnival Corporation, ADR, (2)		885,315
	40,662	CBS Corporation, Class B		1,360,551
	1,361	Chipotle Mexican Grill, (2), (3)		397,861
	17,156	Coach, Inc.		846,305
	160,182	Comcast Corporation, Class A		5,213,924
	15,418	D.R. Horton, Inc.		271,819
	7,749	Darden Restaurants, Inc., (2)		396,594
	3,739	Devry, Inc., (2)		73,397
	40,637	DIRECTV Group, Inc., (2), (3)		2,018,033
	15,536	Discovery Communications inc., Class A Shares, (2), (3)		786,588
	7,314	Dollar Tree Stores Inc., (3)		368,187
	5,573	Expedia, Inc.		317,605
	7,300	Family Dollar Stores, Inc.		482,384
	228,455	Ford Motor Company		2,110,924
	2,605	Fossil Inc., (3)		186,752
	8,444	GameStop Corporation, Class A, (2)		135,273
	14,604	Gannett Company Inc.		206,062
	20,395	Gap, Inc.		601,449
	9,518	Genuine Parts Company		609,438
	14,980	Goodyear Tire & Rubber Company		171,521
	17,219	H & R Block Inc.		277,742
	13,660	Harley-Davidson, Inc., (2)		590,522
	4,239	Harman International Industries Inc.		171,044
	6,824	Hasbro, Inc.		244,436
	90,621	Home Depot, Inc., (2)		4,728,604
	17,927	International Game Technology		202,934
	27,110	Interpublic Group Companies, Inc.		267,576
	8,401	J.C. Penney Company, Inc., (2), (3)		189,107
	41,261	Johnson Controls, Inc.		1,017,084
	14,116	Kohl’s Corporation, (2)		701,848
	8,970	Leggett and Platt Inc., (2)		207,925
	9,454	Lennar Corporation, Class A, (2)		276,151
	14,561	Limited Brands, Inc., (2)		692,376

14 Nuveen Investments

Shares		Description (1)	Value
		Consumer Discretionary (continued)
	74,240	Lowe’s Companies, Inc.	$	1,883,469
	24,679	Macy’s, Inc.		884,495
	15,760	Marriott International, Inc., Class A		573,979
	19,907	Mattel, Inc.		700,129
	60,150	McDonald’s Corporation		5,375,004
	18,288	McGraw-Hill Companies, Inc.		858,804
	2,853	NetFlix.com Inc., (2), (3)		162,193
	17,018	Newell Rubbermaid Inc.		300,368
	128,914	News Corporation, Class A, (2)		2,967,600
	21,805	Nike, Inc., Class B		2,035,497
	9,510	Nordstrom, Inc.		514,871
	16,217	Omnicom Group, Inc., (2)		813,769
	8,253	O’Reilly Automotive Inc., (2), (3)		707,612
	2,979	priceline.com Incorporated, (2), (3)		1,971,323
	19,801	Pulte Corporation, (2), (3)		223,751
	3,791	Ralph Lauren Corporation		547,193
	13,857	Ross Stores, Inc.		920,659
	5,718	Scripps Networks Interactive, Class A Shares		307,914
	2,262	Sears Holding Corporation, (2), (3)		111,946
	43,040	Staples, Inc., (2)		548,330
	45,501	Starbucks Corporation		2,060,285
	11,296	Starwood Hotels & Resorts Worldwide, Inc.		611,678
	39,481	Target Corporation, (2)		2,394,523
	8,027	Tiffany & Co., (2)		440,923
	18,760	Time Warner Cable, Class A		1,593,287
	58,836	Time Warner Inc.		2,301,693
	44,340	TJX Companies, Inc.		1,963,375
	5,911	TripAdvisor Inc., (3)		221,131
	6,527	Urban Outfitters, Inc., (3)		199,400
	5,262	VF Corporation		785,617
	32,463	Viacom Inc., Class B		1,516,347
	105,610	Walt Disney Company, (2)		5,189,675
	110	Washington Post Company, Class B, (2)		37,235
	4,638	Whirlpool Corporation		313,343
	8,972	Wyndham Worldwide Corporation		466,993
	4,656	Wynn Resorts Ltd		436,500
	28,190	YUM! Brands, Inc.		1,827,840
		Total Consumer Discretionary		80,046,611
		Consumer Staples – 11.1%
	119,790	Altria Group, Inc., (2)		4,308,846
	39,268	Archer-Daniels-Midland Company, (2)		1,024,502
	25,324	Avon Products, Inc.		392,269
	9,139	Beam Inc.		574,660
	5,860	Brown-Forman Corporation		548,262
	10,543	Campbell Soup Company, (2)		349,079

Nuveen Investments 15

Portfolio of Investments (Unaudited)

Nuveen Equity Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Consumer Staples (continued)
	7,755	Clorox Company	$	563,866
	18,343	Coca Cola Enterprises Inc.		537,817
	133,516	Coca-Cola Company, (2)		10,788,093
	28,453	Colgate-Palmolive Company, (2)		3,054,714
	24,367	ConAgra Foods, Inc.		601,621
	10,235	Constellation Brands, Inc., Class A, (3)		288,729
	25,502	Costco Wholesale Corporation		2,452,782
	76,517	CVS Caremark Corporation		3,462,394
	10,798	Dean Foods Company, (2), (3)		133,571
	12,603	Dr. Pepper Snapple Group, (2)		574,445
	13,132	Estee Lauder Companies Inc., Class A, (2)		687,854
	37,825	General Mills, Inc., (2)		1,463,828
	18,825	H.J. Heinz Company, (2)		1,039,328
	8,998	Hershey Foods Corporation		645,517
	8,107	Hormel Foods Corporation, (2)		226,266
	6,692	JM Smucker Company		513,946
	14,567	Kellogg Company, (2)		694,846
	23,167	Kimberly-Clark Corporation		2,013,444
	103,859	Kraft Foods Inc., Class A, (2)		4,124,241
	34,361	Kroger Co.		761,783
	7,936	Lorillard Inc.		1,020,887
	7,799	McCormick & Company, Incorporated		474,803
	11,967	Mead Johnson Nutrition Company, Class A Shares, (2)		873,112
	9,261	Molson Coors Brewing Company, Class B		391,926
	5,591	Monster Beverage Corporation, (3)		371,634
	91,889	PepsiCo, Inc.		6,683,087
	101,375	Philip Morris International		9,269,730
	161,307	Procter & Gamble Company, (2)		10,410,754
	19,674	Reynolds American Inc., (2)		910,316
	19,981	Safeway Inc., (2)		310,705
	34,678	Sysco Corporation, (2)		1,019,186
	17,173	Tyson Foods, Inc., Class A		257,767
	50,789	Walgreen Co., (2)		1,846,688
	101,912	Wal-Mart Stores, Inc.		7,585,310
	9,573	Whole Foods Market, Inc.		878,610
		Total Consumer Staples		84,131,218
		Energy – 10.8%
	12,922	Alpha Natural Resources Inc., (3)		90,583
	29,274	Anadarko Petroleum Corporation		2,032,787
	22,578	Apache Corporation, (2)		1,944,417
	25,658	Baker Hughes Incorporated		1,188,479
	12,682	Cabot Oil & Gas Corporation		535,054
	38,755	Chesapeake Energy Corporation		729,369
	117,071	Chevron Corporation, (2)		12,828,640
	75,383	ConocoPhillips		4,103,851

16 Nuveen Investments

Shares		Description (1)	Value
		Energy (continued)
	13,334	CONSOL Energy Inc.	$	386,419
	14,414	Cooper Cameron Corporation, (3)		724,592
	23,353	Denbury Resources Inc., (3)		353,097
	23,744	Devon Energy Corporation, (2)		1,403,745
	4,086	Diamond Offshore Drilling, Inc.		267,306
	8,422	Ensco PLC		457,567
	15,805	EOG Resources, Inc.		1,549,048
	9,071	EQT Corporation		511,604
	277,489	Exxon Mobil Corporation		24,099,920
	14,008	FMC Technologies Inc., (3)		632,041
	54,092	Halliburton Company		1,792,068
	6,298	Helmerich & Payne Inc., (2)		292,857
	17,519	Hess Corporation		826,196
	19,181	Kinder Morgan, Inc.		686,880
	41,368	Marathon Oil Corporation		1,095,011
	21,636	Marathon Petroleum Corporation		1,023,383
	11,376	Murphy Oil Corporation, (2)		610,436
	16,905	Nabors Industries Inc., (3)		233,965
	24,915	National-Oilwell Varco Inc.		1,801,355
	7,788	Newfield Exploration Company, (3)		237,768
	14,708	Noble Corporation, (3)		544,196
	10,320	Noble Energy, Inc.		902,278
	47,721	Occidental Petroleum Corporation		4,153,159
	15,924	Peabody Energy Corporation		332,493
	37,691	Phillips 66		1,417,182
	7,086	Pioneer Natural Resources Company		628,032
	10,402	QEP Resources Inc.		312,372
	9,195	Range Resources Corporation		575,607
	7,360	Rowan Companies Inc., (2), (3)		258,557
	78,897	Schlumberger Limited		5,622,200
	20,420	Southwestern Energy Company, (2), (3)		678,965
	38,231	Spectra Energy Corporation		1,173,309
	6,275	Sunoco, Inc.		302,392
	8,414	Tesoro Corporation, (3)		232,647
	32,903	Valero Energy Corporation		904,833
	34,648	Williams Companies, Inc.		1,101,460
	11,549	WPX Energy Inc., (2), (3)		184,207
		Total Energy		81,762,327
		Financials – 13.7%
	19,800	Ace Limited		1,455,300
	27,441	AFLAC Incorporated, (2)		1,201,367
	29,707	Allstate Corporation, (2)		1,018,950
	59,403	American Express Company		3,428,147
	36,646	American International Group, (2), (3)		1,145,920
	24,026	American Tower – REIT		1,737,320

Nuveen Investments 17

Portfolio of Investments (Unaudited)

Nuveen Equity Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Financials (continued)
	13,301	Ameriprise Financial, Inc.	$	687,928
	19,005	AON PLC		935,046
	7,519	Apartment Investment & Management Company, Class A – REIT		206,246
	5,736	Assurant Inc.		207,701
	5,886	AvalonBay Communities – REIT		865,772
	631,863	Bank of America Corporation		4,637,874
	71,286	Bank of New York Company, Inc., (2)		1,516,966
	40,980	BB&T Corporation		1,285,543
	103,349	Berkshire Hathaway Inc., Class B, (2), (3)		8,768,129
	5,740	BlackRock Inc.		977,292
	9,151	Boston Properties – REIT		1,014,846
	29,116	Capital One Financial Corporation		1,644,763
	18,699	CBRE Group Inc., (3)		291,330
	63,458	Charles Schwab Corporation		801,475
	16,445	Chubb Corporation		1,195,387
	9,899	Cincinnati Financial Corporation, (2)		374,578
	171,871	Citigroup Inc.		4,662,860
	19,515	CME Group, Inc.		1,016,927
	11,334	Comerica Incorporated, (2)		342,400
	32,311	Discover Financial Services		1,161,904
	14,925	E*Trade Group Inc., (3)		113,878
	17,437	Equity Residential Properties Trust – REIT, (2)		1,103,936
	5,428	Federated Investors Inc.		109,157
	54,069	Fifth Third Bancorp.		747,234
	15,496	First Horizon National Corporation		127,532
	8,556	Franklin Resources, Inc.		983,512
	28,860	Genworth Financial Inc., Class A, (2), (3)		145,454
	28,941	Goldman Sachs Group, Inc.		2,920,147
	26,203	Hartford Financial Services Group, Inc.		431,039
	26,633	HCP – REIT		1,257,344
	8,504	Health Care – REIT		529,204
	41,517	Host Hotels & Resorts – REIT, (2)		609,470
	31,009	Hudson City Bancorp, Inc.		196,907
	50,795	Huntington BancShares Inc.		315,691
	4,271	Intercontinental Exchange, Inc., (3)		560,441
	27,362	Invesco LTD		605,521
	223,372	JP Morgan Chase & Co.		8,041,392
	56,016	KeyCorp.		447,008
	24,856	Kimco Realty – REIT, (2)		484,443
	7,312	Legg Mason, Inc.		179,290
	11,646	Leucadia National Corporation, (2)		252,485
	17,733	Lincoln National Corporation, (2)		355,547
	17,950	Loews Corporation		710,641
	6,704	M&T Bank Corporation, (2)		575,471
	31,624	Marsh & McLennan Companies, Inc.		1,050,233

18 Nuveen Investments

Shares		Description (1)	Value
		Financials (continued)
	62,174	MetLife, Inc.	$	1,913,094
	11,484	Moody’s Corporation, (2)		465,447
	87,243	Morgan Stanley		1,191,739
	7,741	NASDAQ Stock Market, Inc.		175,721
	15,402	New York Stock Exchange Euronext, (2)		392,443
	14,167	Northern Trust Corporation		643,182
	21,268	People’s United Financial, Inc.		243,731
	10,382	Plum Creek Timber – REIT		421,405
	30,927	PNC Financial Services Group, Inc.		1,827,786
	18,452	Principal Financial Group, Inc., (2)		472,187
	36,253	Progressive Corporation, (2)		715,634
	26,938	ProLogis – REIT, (2)		870,906
	27,747	Prudential Financial, Inc.		1,339,625
	8,976	Public Storage – REIT		1,336,975
	83,191	Regions Financial Corporation		579,009
	17,270	Simon Property Group – REIT		2,771,662
	29,906	SLM Corporation, (2)		478,197
	28,919	State Street Corporation		1,167,749
	31,567	SunTrust Banks, Inc.		746,560
	15,560	T. Rowe Price Group Inc.		945,270
	6,210	Torchmark Corporation		308,948
	23,536	Travelers Companies, Inc.		1,474,530
	112,186	U.S. Bancorp, (2)		3,758,231
	17,353	Unum Group		327,798
	11,838	Ventas – REIT, (2)		796,106
	10,519	Vornado Realty Trust – REIT		878,337
	310,007	Wells Fargo & Company		10,481,337
	32,030	Weyerhaeuser Company – REIT		747,901
	18,841	XL Capital Ltd, Class A		389,067
	10,833	Zions Bancorporation, (2)		197,161
		Total Financials		103,492,686
		Health Care – 11.5%
	91,576	Abbott Laboratories, (2)		6,072,405
	21,299	Aetna Inc.		768,042
	20,412	Agilent Technologies, Inc.		781,575
	8,895	Alexion Pharmaceuticals Inc., (2), (3)		932,641
	18,561	Allergan, Inc.		1,523,301
	16,346	AmerisourceBergen Corporation, (2)		648,936
	42,878	Amgen Inc., (2)		3,541,723
	33,148	Baxter International, Inc.		1,939,489
	12,633	Becton, Dickinson and Company, (2)		956,444
	14,726	Biogen Idec Inc., (3)		2,147,493
	87,091	Boston Scientific Corporation, (3)		450,260
	99,615	Bristol-Myers Squibb Company, (2)		3,546,294
	5,043	C. R. Bard, Inc.		490,482

Nuveen Investments 19

Portfolio of Investments (Unaudited)

Nuveen Equity Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Health Care (continued)
	21,285	Cardinal Health, Inc.	$	917,171
	13,576	CareFusion Corporation, (3)		331,390
	26,291	Celgene Corporation, (3)		1,799,882
	5,616	Cerner Corporation, (2), (3)		415,135
	16,403	CIGNA Corporation		660,713
	9,083	Coventry Health Care, Inc.		302,736
	28,360	Covidien PLC		1,584,757
	5,496	Davita Inc., (3)		540,916
	8,581	DENTSPLY International Inc.		311,834
	3,961	Edwards Lifesciences Corporation, (2), (3)		400,853
	59,892	Eli Lilly and Company		2,637,045
	47,034	Express Scripts, Holding Company, (3)		2,725,150
	16,662	Forest Laboratories, Inc., (3)		559,010
	46,829	Gilead Sciences, Inc., (2), (3)		2,544,220
	9,683	Hospira Inc., (2), (3)		336,484
	9,970	Humana Inc.		614,152
	2,377	Intuitive Surgical, Inc., (3)		1,144,526
	160,534	Johnson & Johnson, (2)		11,112,163
	5,723	Laboratory Corporation of America Holdings, (2), (3)		481,247
	11,128	Life Technologies Corporation, (3)		488,297
	14,953	McKesson HBOC Inc.		1,356,686
	62,038	Medtronic, Inc.		2,445,538
	179,173	Merck & Company Inc.		7,914,071
	24,596	Mylan Laboratories Inc., (2), (3)		566,446
	5,674	Patterson Companies, Inc.		193,483
	7,178	Perkinelmer Inc.		183,398
	3,056	Perrigo Company, (2)		348,445
	449,376	Pfizer Inc.		10,802,999
	9,273	Quest Diagnostics Incorporated		541,821
	18,751	Saint Jude Medical Inc., (2)		700,537
	19,121	Stryker Corporation, (2)		994,866
	26,506	Tenet Healthcare Corporation, (2), (3)		122,458
	22,237	Thermo Fisher Scientific, Inc.		1,237,934
	62,666	UnitedHealth Group Incorporated		3,201,606
	6,616	Varian Medical Systems, Inc., (2), (3)		361,101
	5,875	Waters Corporation, (3)		455,195
	7,486	Watson Pharmaceuticals Inc., (3)		582,635
	19,476	Wellpoint Inc., (2)		1,037,876
	10,534	Zimmer Holdings, Inc.		620,769
		Total Health Care		87,374,630
		Industrials – 10.0%
	41,199	3M Co., (2)		3,758,585
	6,184	Avery Dennison Corporation		190,405
	43,692	Boeing Company		3,229,276
	9,651	C.H. Robinson Worldwide, Inc.		510,055

20 Nuveen Investments

Shares		Description (1)	Value
		Industrials (continued)
	38,012	Caterpillar Inc.	$	3,200,991
	6,771	Cintas Corporation		268,335
	5,000	Cooper Industries Inc.		359,400
	61,723	CSX Corporation		1,415,926
	11,821	Cummins Inc.		1,133,634
	33,489	Danaher Corporation, (2)		1,768,554
	24,333	Deere & Company		1,869,261
	11,291	Dover Corporation		615,021
	2,987	Dun and Bradstreet Inc.		239,528
	20,709	Eaton Corporation		907,883
	45,208	Emerson Electric Company, (2)		2,159,586
	7,432	Equifax Inc.		348,115
	12,465	Expeditors International of Washington, Inc.		443,380
	17,918	Fastenal Company		772,624
	18,647	FedEx Corporation, (2)		1,683,824
	3,384	Flowserve Corporation		406,012
	9,973	Fluor Corporation		494,461
	20,934	General Dynamics Corporation		1,328,053
	620,619	General Electric Company		12,877,844
	45,471	Honeywell International Inc.		2,639,592
	28,404	Illinois Tool Works, Inc., (2)		1,543,473
	18,351	Ingersoll Rand Company Limited, Class A		778,266
	12,916	Iron Mountain Inc.		416,024
	7,546	Jacobs Engineering Group, Inc., (2)		291,049
	6,752	Joy Global Inc.		350,699
	5,870	L-3 Communications Holdings, Inc.		416,124
	15,597	Lockheed Martin Corporation		1,392,344
	21,033	Masco Corporation		253,027
	20,664	Norfolk Southern Corporation, (2)		1,530,169
	15,359	Northrop Grumman Corporation, (2)		1,016,766
	22,190	PACCAR Inc., (2)		887,822
	7,061	Pall Corporation		377,128
	9,113	Parker Hannifin Corporation, (2)		731,956
	11,735	Pitney Bowes Inc., (2)		156,780
	8,476	Precision Castparts Corporation		1,318,527
	12,874	Quanta Services Incorporated, (3)		295,973
	11,086	R.R. Donnelley & Sons Company, (2)		134,362
	19,616	Raytheon Company, (2)		1,088,296
	18,506	Republic Services, Inc.		535,379
	8,795	Robert Half International Inc.		237,553
	8,694	Rockwell Automation, Inc.		585,628
	8,896	Rockwell Collins, Inc.		449,871
	6,149	Roper Industries Inc.		611,518
	3,104	Ryder System, Inc.		122,422
	3,532	Snap-on Incorporated		239,399

Nuveen Investments 21

Portfolio of Investments (Unaudited)

Nuveen Equity Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Industrials (continued)
	45,192	Southwest Airlines Co.	$	415,314
	10,221	Stanley Black & Decker Inc.		683,683
	5,076	Stericycle Inc.		471,307
	16,352	Textron Inc.		425,970
	27,158	Tyco International Ltd.		1,492,061
	28,397	Union Pacific Corporation		3,481,756
	56,728	United Parcel Service, Inc., Class B, (2)		4,289,204
	53,264	United Technologies Corporation, (2)		3,964,972
	3,732	W.W. Grainger, Inc.		764,426
	27,060	Waste Management, Inc., (2)		930,864
	10,850	Xylem Inc.		260,183
		Total Industrials		75,560,640
		Information Technology – 19.1%
	35,562	Accenture Limited		2,144,389
	28,858	Adobe Systems Incorporated, (2), (3)		891,135
	34,414	Advanced Micro Devices, Inc., (2), (3)		139,721
	10,548	Akamai Technologies, Inc., (3)		371,079
	18,863	Altera Corporation		668,693
	10,051	Amphenol Corporation, Class A		591,803
	17,516	Analog Devices, Inc., (2)		684,525
	54,770	Apple, Inc., (3)		33,451,325
	76,753	Applied Materials, Inc., (2)		835,840
	13,333	Autodesk, Inc., (3)		452,255
	29,610	Automatic Data Processing, Inc., (2)		1,674,446
	10,006	BMC Software, Inc., (3)		396,238
	28,516	Broadcom Corporation, Class A, (3)		966,122
	21,754	CA Inc.		523,619
	316,024	Cisco Systems, Inc.		5,040,583
	10,963	Citrix Systems		796,791
	17,760	Cognizant Technology Solutions Corporation, Class A, (3)		1,008,235
	9,116	Computer Sciences Corporation		224,436
	92,387	Corning Incorporated, (2)		1,054,136
	89,768	Dell Inc., (3)		1,066,444
	67,541	eBay Inc., (3)		2,992,066
	21,319	Electronic Arts Inc. (EA)		234,935
	119,921	EMC Corporation, (2), (3)		3,143,129
	4,673	F5 Networks, Inc., (3)		436,365
	10,191	Fidelity National Information Services		320,405
	3,482	First Solar Inc., (2), (3)		54,110
	8,594	Fiserv, Inc., (2), (3)		602,697
	10,235	FLIR Systems Inc.		209,306
	14,852	Google Inc., Class A, (3)		9,400,870
	6,807	Harris Corporation		283,512
	116,804	Hewlett-Packard Company		2,130,505
	299,336	Intel Corporation		7,692,935

22 Nuveen Investments

Shares		Description (1)	Value
		Information Technology (continued)
	69,285	International Business Machines Corporation (IBM)	$	13,578,474
	17,551	Intuit, Inc.		1,018,309
	10,769	Jabil Circuit Inc.		233,687
	14,541	JDS Uniphase Corporation, (3)		143,083
	30,922	Juniper Networks Inc., (2), (3)		542,063
	9,797	KLA-Tencor Corporation		498,765
	8,059	Lam Research Corporation, (2), (3)		277,310
	4,144	Lexmark International, Inc., Class A, (2)		72,479
	13,389	Linear Technology Corporation, (2)		431,795
	33,125	LSI Logic Corporation, (3)		228,563
	6,268	MasterCard, Inc.		2,736,421
	11,235	Microchip Technology Incorporated, (2)		375,024
	58,259	Micron Technology, Inc., (2), (3)		361,788
	440,118	Microsoft Corporation		12,970,277
	8,304	Molex Inc.		208,596
	16,840	Motorola Solutions Inc.		814,046
	21,080	NetApp, Inc., (3)		688,684
	35,898	NVIDIA Corporation, (2), (3)		486,059
	231,308	Oracle Corporation		6,985,502
	18,959	Paychex, Inc.		619,770
	98,814	QUALCOMM, Inc.		5,897,220
	12,282	Red Hat, Inc., (3)		659,052
	16,753	SAIC, Inc., (2)		193,832
	7,995	Salesforce.com, Inc., (2), (3)		994,258
	14,125	SanDisk Corporation, (2), (3)		580,961
	22,252	Seagate Technology, (2)		668,005
	43,334	Symantec Corporation, (3)		682,511
	20,585	TE Connectivity Limited		679,511
	9,841	Teradata Corporation, (2), (3)		665,448
	10,819	Teradyne Inc., (2), (3)		159,147
	67,171	Texas Instruments Incorporated		1,829,738
	10,682	Total System Services Inc.		252,629
	9,350	VeriSign, Inc., (3)		415,327
	29,898	Visa Inc., (2)		3,858,935
	13,743	Western Digital Corporation, (3)		546,559
	36,397	Western Union Company, (2)		634,400
	81,538	Xerox Corporation, (2)		565,058
	15,428	Xilinx, Inc.		499,867
	72,911	Yahoo! Inc., (3)		1,154,910
		Total Information Technology		144,690,713
		Materials – 3.2%
	12,373	Air Products & Chemicals Inc.		995,160
	4,409	Airgas, Inc.		349,722
	62,566	Alcoa Inc.		529,934
	6,253	Allegheny Technologies, Inc.		187,778

Nuveen Investments 23

Portfolio of Investments (Unaudited)

Nuveen Equity Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Materials (continued)
	9,925	Ball Corporation	$	412,483
	5,930	Bemis Company, Inc.		182,348
	3,844	CF Industries Holdings, Inc.		752,501
	8,408	Cliffs Natural Resources Inc.		343,803
	69,474	Dow Chemical Company, (2)		1,999,462
	54,314	E.I. Du Pont de Nemours and Company, (2)		2,699,406
	8,523	Eastman Chemical Company		445,582
	14,082	Ecolab Inc.		921,667
	9,202	FMC Corporation		503,349
	55,723	Freeport-McMoRan Copper & Gold, Inc.		1,876,193
	5,157	International Flavors & Fragrances Inc.		287,451
	25,927	International Paper Company		850,665
	10,362	MeadWestvaco Corporation		294,281
	32,463	Monsanto Company		2,779,482
	14,691	Mosaic Company		853,694
	29,107	Newmont Mining Corporation		1,294,388
	18,617	Nucor Corporation		729,786
	9,655	Owens-Illinois, Inc., (3)		178,135
	9,077	PPG Industries, Inc.		993,568
	17,621	Praxair, Inc.		1,828,355
	9,788	Sealed Air Corporation		158,566
	5,355	Sherwin-Williams Company, (2)		719,444
	7,411	Sigma-Aldrich Corporation, (2)		512,841
	4,840	Titanium Metals Corporation, (2)		56,434
	8,465	United States Steel Corporation, (2)		174,802
	7,597	Vulcan Materials Company		294,308
		Total Materials		24,205,588
		Telecommunication Services – 3.2%
	348,363	AT&T Inc., (2)		13,209,925
	37,765	CenturyLink Inc., (2)		1,568,758
	10,780	Crown Castle International Corporation, (3)		667,066
	58,500	Frontier Communications Corporation, (2)		229,320
	17,652	Metropcs Communications Inc.		154,632
	176,110	Sprint Nextel Corporation, (3)		767,840
	166,428	Verizon Communications Inc., (2)		7,512,560
	30,961	Windstream Corporation, (2)		308,372
		Total Telecommunication Services		24,418,473
		Utilities – 3.6%
	37,902	AES Corporation, (3)		457,098
	2,317	AGL Resources Inc.		93,839
	14,240	Ameren Corporation		487,150
	28,389	American Electric Power Company, Inc.		1,199,151
	27,733	CenterPoint Energy, Inc.		584,057
	14,814	CMS Energy Corporation		365,313
	17,219	Consolidated Edison, Inc., (2)		1,110,626

24 Nuveen Investments

Shares		Description (1)								Value
		Utilities (continued)
	34,529	Dominion Resources, Inc.								$	1,875,270
	10,281	DTE Energy Company									630,945
	41,218	Duke Energy Corporation, (2)									2,793,756
	19,152	Edison International									884,439
	10,354	Entergy Corporation									752,425
	50,854	Exelon Corporation									1,989,408
	24,585	FirstEnergy Corp.									1,234,659
	4,730	Integrys Energy Group, Inc., (2)									286,354
	24,840	NextEra Energy Inc., (2)									1,761,156
	17,036	NiSource Inc.									435,951
	14,739	Northeast Utilities									587,791
	14,636	NRG Energy Inc., (3)									290,086
	7,868	ONEOK, Inc.									350,205
	13,744	Pepco Holdings, Inc., (2)									274,330
	23,860	PG&E Corporation									1,101,378
	6,619	Pinnacle West Capital Corporation									354,381
	32,629	PPL Corporation, (2)									942,978
	29,739	Public Service Enterprise Group Incorporated									988,524
	6,971	Scana Corporation, (2)									342,764
	14,539	Sempra Energy									1,023,691
	50,668	Southern Company									2,439,664
	13,096	TECO Energy, Inc.									238,216
	14,184	Wisconsin Energy Corporation									577,856
	29,409	Xcel Energy, Inc.									861,684
		Total Utilities									27,315,145
		Total Common Stocks (cost $399,232,248)									732,998,031
Shares		Description (1)								Value
		WARRANTS – 0.0%
	29,014	Kinder Morgan Inc., Uncovered Equity Options Warrant								$	85,592
		Total Warrants (cost $51,957)									85,592
Shares		Description (1)								Value
		INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 25.7%
		Money Market Funds – 25.7%
	194,306,366	Mount Vernon Securities Lending Prime Portfolio, 0.270%, (4), (5)								$	194,306,366
		Total Investments Purchased with Collateral from Securities Lending (cost $194,306,366)									194,306,366
Shares/ Principal Amount (000)		Description (1)	Coupon			Maturity		Ratings (6)		Value
		SHORT-TERM INVESTMENTS – 3.1%
		Money Market Funds – 2.3%
	17,196,106	First American Treasury Obligations Fund, Class Z		0.000%	(4)		N/A		N/A	$	17,196,106

Nuveen Investments 25

Portfolio of Investments (Unaudited)

Nuveen Equity Index Fund (continued)

July 31, 2012

Shares/ Principal Amount (000)		Description (1)	Coupon		Maturity		Ratings (6)		Value
		U.S. Government and Agency Obligations – 0.8%
$	6,400	U.S. Treasury Bill, (7)		0.063%		9/20/12		Aaa	$	6,399,379
		Total Short-Term Investments (cost $23,595,350)								23,595,485
		Total Investments (cost $617,185,921) – 125.6%								950,985,474
		Other Assets Less Liabilities – (25.6)% (8)								(194,062,729)
		Net Assets – 100%							$	756,922,745

Investments in Derivatives at July 31, 2012

Futures Contracts outstanding:

Type	Contract Position		Number of Contracts		Contract Expiration		Value		Unrealized Appreciation (Depreciation)
S&P 500 Index		Long		65		9/12	$	22,337,250	$	1,035,565

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	732,998,031	$	—	$	—	$	732,998,031
Warrants		85,592		—		—		85,592
Investments Purchased with Collateral from Securities Lending		194,306,366		—		—		194,306,366
Short-Term Investments:
Money Market Funds		17,196,106		—		—		17,196,106
U.S. Government & Agency Obligations		—		6,399,379		—		6,399,379
Derivatives:
Futures Contracts*		1,035,565		—		—		1,035,565
Total	$	945,621,660	$	6,399,379	$	—	$	952,021,039

* Represents net unrealized appreciation (depreciation) as reported in the Fund’s Portfolio of Investments.

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

26 Nuveen Investments

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Derivative Instruments and Hedging Activities

The Fund records derivative instruments at fair value, with changes in fair value recognized on the Statement of Operations, when applicable. Even though the Fund’s investments in derivatives may represent economic hedges, they are not considered to be hedge transactions for financial reporting purposes.

The following tables presents the fair value of all derivative instruments held by the Fund as of July 31, 2012, the location of these instruments on the Statement of Assets and Liabilities, and the primary underlying risk exposure.

		Location on the Statements of Assets and Liabilities
Underlying Risk Exposure	Derivative Instrument	Asset Derivatives			Liability Derivatives
		Location	Value		Location	Value
Equity	Futures Contracts	Payable for variation margin on futures contracts*	$	1,035,565	—	$	—

* Value represents unrealized appreciation (depreciation) of futures contracts as reported in the Fund’s Portfolio of Investments and not the deposits with brokers, if any, or the receivable or payable for variation margin on futures contracts presented on the Statement of Assets and Liabilities.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments (excluding investments in derivatives) was $631,889,258.

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	382,233,800
Depreciation		(63,137,584	)
Net unrealized appreciation (depreciation) of investments	$	319,096,216

Nuveen Investments 27

Portfolio of Investments (Unaudited)

Nuveen Equity Index Fund (continued)

July 31, 2012

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by the Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

(2) Investment, or a portion of investment, is out on loan for securities lending.

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

(4) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(5) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker-dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.

(6) Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.

(7) Investment, or portion of investment, segregated as collateral for investments in derivatives.

(8) Other Assets Less Liabilities includes the Unrealized Appreciation (Depreciation) of derivative instruments as noted within Investments in Derivatives at July 31, 2012.

N/A Not applicable

ADR American Depositary Receipt.

REIT Real Estate Investment Trust

28 Nuveen Investments

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Index Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 93.3%
		Consumer Discretionary – 12.6%
	24,023	Aaron Rents Inc., (2)	$	704,595
	23,223	Advance Auto Parts, Inc.		1,629,093
	25,672	Aeropostale, Inc.		506,252
	18,130	AMC Networks Inc., Class A Shares, (3)		786,117
	61,906	American Eagle Outfitters, Inc.		1,288,883
	15,412	Ann Inc., (2), (3)		417,357
	42,802	Ascena Retail Group Inc., (3)		784,989
	13,616	Bally Technologies, Inc., (3)		595,155
	12,930	Barnes & Noble Inc., (2)		171,581
	9,206	Bob Evans Farms		354,615
	23,814	Brinker International Inc., (2)		771,812
	16,099	Carter’s Inc., (2)		815,736
	17,061	Cheesecake Factory Inc.		571,885
	52,971	Chico’s FAS, Inc.		811,516
	31,716	Cinemark Holdings Inc., (2)		741,520
	19,370	Colective Brands Inc., (3)		416,842
	12,156	Deckers Outdoor Corporation, (2), (3)		507,027
	29,854	Dick’s Sporting Goods Inc., (2)		1,466,428
	22,568	Dreamworks Animation SKG Inc., Class A, (2), (3)		433,306
	47,882	Foot Locker, Inc.		1,581,064
	45,558	Gentex Corporation		729,384
	20,463	Guess Inc., (2)		615,936
	30,819	Hanesbrands Inc., (3)		925,186
	12,380	Hosting Site Network, Inc.		524,417
	8,768	Intl Speedway Corporation, Class A		224,812
	5,718	ITT Educational Services, Inc., (2), (3)		221,973
	14,754	John Wiley and Sons Inc., Class A		703,028
	22,785	KB Home, (2)		210,533
	18,557	Lamar Advertising Company, Class A, (2), (3)		563,205
	13,542	Life Time Fitness Inc., (2), (3)		614,942
	46,570	LKQ Corporation, (3)		1,645,318
	8,907	Matthews International Corporation, Class A		258,303
	11,975	MDC Holdings Inc., (2)		381,524
	11,632	Meredith Corporation, (2)		384,321
	18,084	Mohawk Industries Inc.		1,201,320
	38,349	New York Times, Class A, (3)		297,205
	1,600	NVR Inc., (2), (3)		1,238,368
	89,660	Office Depot, Inc., (3)		159,595
	9,393	Panera Bread Company, Class A, (2), (3)		1,479,304
	34,241	PetSmart Inc., (2)		2,263,673
	21,696	Polaris Industries Inc., (2)		1,630,671
	22,237	PVH Corporation		1,766,285
	31,409	RadioShack Corporation, (2)		91,400
	18,183	Regis Corporation, (2)		307,656

Nuveen Investments 29

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Consumer Discretionary (continued)
	18,768	Rent-A-Center Inc.	$	667,390
	50,302	Saks Inc., (2), (3)		524,650
	7,956	Scholastic Corporation, (2)		239,714
	18,465	Scientific Games Corporation, Class A, (3)		156,214
	68,580	Service Corporation International		881,253
	26,738	Signet Jewelers Limited, (2)		1,174,333
	21,399	Sothebys Holdings Inc., Class A, (2)		628,061
	3,747	Strayer Education Inc., (2)		272,257
	20,066	Tempur Pedic International Inc., (2), (3)		571,680
	93,704	The Wendy’s Company		430,101
	13,135	Thor Industries, Inc., (2)		377,369
	46,349	Toll Brothers Inc., (2)		1,352,000
	22,761	Tractor Supply Company, (2)		2,068,292
	17,663	Tupperware Corporation		925,894
	22,738	Under Armour, Inc., Class A, (2)		1,237,857
	13,507	Vallassis Communications Inc., (2)		304,583
	12,964	Warnaco Group, Inc.		553,044
	31,458	Williams-Sonoma Inc., (2)		1,093,166
	17,400	WMS Industries Inc.		319,638
		Total Consumer Discretionary		47,571,628
		Consumer Staples – 3.1%
	43,740	Church & Dwight Company Inc., (2)		2,519,861
	20,657	Energizer Holdings Inc., (3)		1,606,495
	35,634	Flowers Foods Inc., (2)		761,499
	41,222	Green Mountain Coffee Inc., (2)		752,714
	15,322	Harris Teeter Supermarkets Incorporated, (2)		633,411
	37,494	Hillshire Brands Company		960,221
	24,110	Ingredion Inc.		1,251,791
	6,208	Lancaster Colony Corporation, (2)		430,152
	8,694	Post Holdings Inc.		257,342
	17,441	Ralcorp Holdings Inc.		1,040,704
	48,042	Smithfield Foods, Inc., (2), (3)		888,777
	67,051	SUPERVALU INC., (2), (3)		165,616
	8,010	Tootsie Roll Industries Inc., (2)		196,085
	7,291	Universal Corporation, (2)		332,032
		Total Consumer Staples		11,796,700
		Energy – 5.5%
	67,049	Arch Coal Inc., (2)		483,423
	17,964	Atwood Oceanics Inc.		799,937
	15,198	Bill Barrett Corporation, (2), (3)		320,070
	6,271	Carbo Ceramics Inc., (2)		402,473
	27,079	Cimarex Energy Company, (2)		1,535,109
	23,894	Dresser Rand Group, Inc., (2)		1,111,310
	10,918	Dril Quip Inc., (2)		800,399
	22,785	Energen Corporation		1,166,820
	37,204	Forest Oil Corporation, (2)		254,847

30 Nuveen Investments

Shares		Description (1)	Value
		Energy (continued)
	33,371	Helix Energy Solutions Group, (3)	$	596,673
	65,328	HollyFrontier Company		2,442,614
	20,063	Northern Oil and Gas Inc., (2)		316,193
	34,213	Oceaneering International Inc.		1,768,470
	16,315	Oil States International Inc., (3)		1,186,101
	49,317	Patterson-UTI Energy, Inc.		763,427
	40,720	Plains Exploration & Production Company, (3)		1,627,171
	38,302	Quicksilver Resources Inc., (2), (3)		173,125
	16,710	Rosetta Resources, Inc.		697,141
	20,266	SM Energy Company		954,326
	49,765	Superior Energy Services, Inc., (3)		1,078,408
	16,190	Tidewater Inc.		786,348
	13,193	Unit Corporation, (3)		524,554
	22,172	World Fuel Services Corporation, (2)		897,744
		Total Energy		20,686,683
		Financials – 20.9%
	16,224	Affiliated Managers Group Inc., (3)		1,810,436
	13,330	Alexander & Baldwin Inc.		427,093
	19,612	Alexandria Real Estate Equities – REIT		1,441,090
	4,600	Alleghany Corporation, Term Loan, (3)		1,590,726
	23,598	American Campus Communities – REIT		1,124,681
	23,874	American Financial Group Inc.		900,289
	63,319	Apollo Investments		486,290
	36,907	Arthur J. Gallagher & Co.		1,309,460
	22,593	Aspen Insurance Holdings Limited, (2)		649,323
	54,948	Associated Banc-Corp., (2)		686,301
	26,434	Astoria Financial Corporation, (2)		249,008
	25,955	BancorpSouth Inc., (2)		376,088
	14,023	Bank of Hawaii Corporation, (2)		655,014
	48,699	BioMed Realty Trust – REIT		915,541
	24,229	BRE Properties – REIT		1,276,384
	36,663	Brown & Brown Inc.		925,374
	25,362	Camden Property Trust – REIT, (2)		1,808,564
	24,865	Cathay General Bancorp.		402,564
	27,490	CBOE Holdings Inc., (2)		783,465
	14,817	City National Corporation		730,182
	24,470	Commerce Bancshares Inc.		963,629
	22,757	Corporate Office Properties Trust – REIT, (2)		506,571
	19,352	Cullen/Frost Bankers, Inc., (2)		1,070,359
	84,171	Duke Realty – REIT, (2)		1,217,113
	45,673	East West Bancorp Inc.		995,671
	36,507	Eaton Vance Corporation, (2)		968,531
	18,852	Equity One – REIT, (2)		408,900
	11,124	Essex Property Trust – REIT, (2)		1,750,473
	16,585	Everest Reinsurance Group Ltd		1,686,695

Nuveen Investments 31

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Financials (continued)
	20,191	Federal Realty Investment Trust – REIT, (2)	$	2,193,954
	70,384	Fidelity National Title Group Inc., Class A		1,310,550
	33,536	First American Corporation		614,380
	111,405	First Niagara Financial Group Inc.		844,450
	34,640	FirstMerit Corporation, (2)		561,169
	63,430	Fulton Financial Corporation, (2)		582,922
	9,181	Greenhill & Co Inc., (2)		364,669
	26,779	Hancock Holding Company		816,224
	14,227	Hanover Insurance Group Inc.		498,941
	31,968	HCC Insurance Holdings Inc.		979,500
	23,352	Highwoods Properties – REIT		790,932
	15,372	Home Properties – REIT, (2)		1,008,557
	39,030	Hospitality Properties Trust – REIT		947,258
	16,782	International Bancshares Corporation – REIT		307,614
	59,547	Janus Capital Group Inc., (2)		430,525
	47,486	Jefferies Group, Inc.		595,474
	13,819	Jones Lang LaSalle Inc., (2)		921,589
	15,659	Kemper Corporation		512,362
	37,066	Liberty Property Trust – REIT, (2)		1,345,125
	41,875	Macerich – REIT, (2)		2,445,919
	27,741	Mack-Cali Realty – REIT		743,181
	11,443	Mercury General Corporation		414,465
	38,396	MSCI Inc., Class A Shares, (2), (3)		1,272,827
	33,807	National Retail Properties – REIT, (2)		997,307
	138,366	New York Community Bancorp Inc., (2)		1,795,991
	81,961	Old Republic International Corporation		660,606
	33,422	Omega Healthcare Investors – REIT, (2)		810,149
	12,741	Potlatch – REIT		440,966
	14,159	Prosperity Bancshares, Inc., (2)		574,431
	25,590	Protective Life Corporation, (2)		714,217
	35,267	Raymond James Financial Inc.		1,185,677
	38,452	Rayonier – REIT, (2)		1,833,776
	42,143	Realty Income – REIT, (2)		1,736,292
	28,408	Regency Centers – REIT, (2)		1,359,323
	23,189	Reinsurance Group of America Inc.		1,290,932
	45,469	SEI Investments Company		963,033
	55,178	Senior Housing Properties Trust – REIT		1,255,300
	14,586	Signature Bank, (3)		940,797
	28,315	SL Green Realty – REIT, (2)		2,229,806
	14,019	StanCorp Financial Group Inc.		417,205
	13,967	SVB Financial Group, (2), (3)		807,432
	248,478	Synovus Financial Corp., (2)		472,108
	18,565	Taubman Centers – REIT		1,439,159
	51,233	TCF Financial Corporation		529,237
	20,459	Trustmark Corporation, (2)		494,699

32 Nuveen Investments

Shares		Description (1)	Value
		Financials (continued)
	79,117	UDR – REIT, (2)	$	2,105,303
	62,311	Valley National Bancorp., (2)		579,492
	27,273	Waddell & Reed Financial, Inc., Class A, (2)		793,372
	33,761	Washington Federal Inc., (2)		537,813
	23,316	Webster Financial Corporation, (2)		478,444
	38,285	Weingarten Realty Trust – REIT, (2)		1,029,101
	8,802	Westamerica Bancorp., (2)		404,892
	35,395	WR Berkley Corporation, (2)		1,296,519
		Total Financials		78,791,781
		Health Care – 9.8%
	60,305	Allscripts Healthcare Solutions Inc., (3)		554,806
	15,322	AmericGroup Corporation, (2), (3)		1,377,141
	6,246	Bio-Rad Laboratories Inc., (3)		600,928
	15,478	Charles River Laboratories International, Inc., (3)		526,716
	28,719	Community Health Systems, Inc.		706,775
	14,960	Cooper Companies, Inc.		1,125,890
	17,518	Covance, Inc., (3)		822,295
	37,021	Endo Pharmaceuticals Holdings Inc., (3)		1,100,634
	14,402	Gen-Probe, Inc., (3)		1,190,901
	80,976	Health Management Associates Inc., (3)		532,822
	26,310	Health Net Inc., (3)		579,346
	28,388	Henry Schein Inc., (3)		2,123,706
	19,603	Hill Rom Holdings Inc.		512,618
	27,155	HMS Holdings Corporation, (2), (3)		934,404
	83,580	Hologic Inc., (3)		1,547,902
	17,387	Idexx Labs Inc., (2), (3)		1,533,012
	15,454	Lifepoint Hospitals Inc., (3)		589,106
	27,279	Lincare Holdings		1,129,351
	18,112	Masimo Corporation, (2)		405,709
	15,542	Mednax Inc., (2), (3)		1,027,792
	18,794	Medicis Pharmaceutical Corporation, Class A, (2)		618,698
	9,845	Mettler-Toledo International Inc., (3)		1,524,006
	35,689	Omnicare, Inc.		1,120,991
	20,069	Owens and Minor Inc., (2)		566,146
	24,640	Regeneron Pharmaceuticals, Inc., (2), (3)		3,317,769
	45,096	ResMed Inc., (2)		1,423,230
	18,260	Steris Corporation, (2)		550,174
	11,563	Techne Corporation		798,772
	12,892	Teleflex Inc., (2)		821,736
	18,533	Thoratec Corporation, (3)		635,867
	16,960	United Therapeutics Corporation, (3)		929,069
	30,585	Universal Health Services, Inc., Class B		1,195,262
	27,642	VCA Antech, Inc., (2)		503,084
	66,673	Vertex Pharmaceuticals Inc., (3)		3,234,307
	13,612	Wellcare Health Plans Inc., (3)		882,330
		Total Health Care		37,043,295

Nuveen Investments 33

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Industrials – 15.1%
	13,376	Acuity Brands Inc.	$	775,005
	35,668	AECOM Technology Corporation, (3)		578,178
	30,711	AGCO Corporation, (2), (3)		1,346,370
	22,419	Alaska Air Group, Inc.		781,302
	10,467	Alliant Techsystems Inc.		484,831
	76,165	Ametek Inc.		2,361,115
	32,824	BE Aerospace Inc., (3)		1,287,686
	14,930	Brinks Company		346,376
	19,625	Carlisle Companies Inc.		990,866
	15,872	CLARCOR, Inc.		767,411
	14,985	Clean Harbors, Inc., (3)		907,192
	17,631	Con-Way, Inc.		628,016
	32,865	Copart Inc., (3)		780,872
	10,586	Corporate Executive Board Company, (2)		488,332
	31,580	Corrections Corporation of America		981,506
	15,606	Crane Company		608,634
	16,108	Deluxe Corporation, (2)		456,179
	47,044	Donaldson Company, Inc.		1,605,612
	9,734	Esterline Technologies Corporation, (2)		571,580
	58,946	Exelis Inc.		554,092
	50,427	Fortune Brands Home & Security, (3)		1,115,445
	13,261	FTI Consulting Inc.		338,553
	15,819	Gardner Denver, Inc.		901,367
	14,785	GATX Corporation		622,005
	15,721	General Cable Corporation		410,790
	19,095	Graco Inc., (2)		876,079
	10,988	Granite Construction Inc.		284,589
	25,441	Harsco Corporation		540,621
	14,384	HNI Corporation, (2)		382,183
	18,710	Hubbell Incorporated, Class B		1,539,459
	15,624	Huntington Ingalls Industries Inc., (3)		609,180
	26,542	IDEX Corporation		1,012,577
	29,157	ITT Industries, Inc.		546,402
	28,480	J.B. Hunt Transports Serives Inc., (2)		1,566,970
	72,121	JetBlue Airways Corporation, (2)		397,387
	34,745	Kansas City Southern Industries, (2)		2,529,436
	46,882	KBR Inc.		1,230,184
	25,287	Kennametal Inc.		933,090
	17,651	Kirby Corporation		931,443
	15,106	Korn Ferry International, (2)		198,795
	14,831	Landstar System		732,800
	16,100	Lennox International Inc., (2)		703,087
	26,441	Lincoln Electric Holdings Inc.		1,054,467
	25,333	Manpower Inc.		901,348
	13,330	Matson Incorporated		327,385

34 Nuveen Investments

Shares		Description (1)	Value
		Industrials (continued)
	18,602	Miller (Herman) Inc.	$	340,417
	9,792	Mine Safety Appliances Company		336,061
	14,592	MSC Industrial Direct Inc., Class A		1,002,908
	17,879	Nordson Corporation, (2)		916,478
	28,950	Oshkosh Truck Corporation		651,954
	31,290	Pentair, Inc., (2)		1,371,441
	13,153	Regal-Beloit Corporation		846,659
	20,404	Rollins Inc.		481,126
	20,823	Shaw Group Inc., (3)		811,056
	16,001	SPX Corporation		971,581
	34,875	Terex Corporation		680,063
	26,519	Timken Company		959,988
	15,727	Towers Watson & Company, Class A Shares		922,074
	25,354	Trinity Industries Inc.		709,912
	15,739	Triumph Group Inc., (2)		984,160
	26,649	United Rentals Inc., (3)		770,423
	23,923	URS Corporation		838,980
	32,472	UTI Worldwide, Inc.		430,254
	7,128	Valmont Industries, Inc., (2)		883,017
	15,193	Wabtec Corporation		1,202,982
	38,881	Waste Connections Inc., (2)		1,196,368
	9,237	Watsco Inc., Class A, (2)		627,562
	14,019	Werner Enterprises, Inc., (2)		323,559
	19,003	Woodward Governor Company		637,931
		Total Industrials		56,883,751
		Information Technology – 14.4%
	12,559	ACI Worldwide, Inc., (2)		552,722
	24,263	Acxiom Corporation		406,891
	20,127	ADTRAN, Inc., (2)		434,341
	10,082	Advent Software Inc., (2), (3)		229,466
	15,908	Alliance Data Systems Corporation, (2), (3)		2,068,040
	29,425	Ansys Inc., (2), (3)		1,764,323
	29,540	AOL Inc., (3)		941,144
	35,308	Arrow Electronics, Inc., (3)		1,191,645
	140,188	Atmel Corporation, (2), (3)		821,502
	45,823	Avnet Inc., (3)		1,443,425
	39,455	Broadridge Financial Solutions, Inc.		835,262
	86,759	Cadence Design Systems, Inc., (2), (3)		1,060,195
	31,322	Ciena Corporation, (2), (3)		502,092
	68,804	Compuware Corporation		633,685
	14,880	Concur Technologies, Inc., (2)		1,004,995
	36,858	Convergys Corporation, (2)		543,287
	33,742	CoreLogic Inc., (3)		776,066
	36,527	Cree, Inc., (2), (3)		874,822
	48,121	Cypress Semiconductor Corporation, (3)		514,413

Nuveen Investments 35

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Information Technology (continued)
	19,898	Diebold Inc.	$	643,700
	10,792	DST Systems Inc.		581,689
	15,188	Equinix Inc., (2), (3)		2,706,198
	14,189	FactSet Research Systems Inc., (2)		1,319,009
	10,831	Fair Isaac Corporation		468,874
	40,210	Fairchild Semiconductor International Inc., Class A, (2), (3)		557,311
	29,467	Gartner Inc., (2)		1,308,040
	24,817	Global Payments Inc.		1,062,664
	27,581	Henry Jack and Associates Inc.		957,888
	34,198	Informatica Corporation, (3)		1,009,183
	48,123	Ingram Micro, Inc., Class A, (3)		721,364
	44,944	Integrated Device Technology, Inc., (2), (3)		226,518
	21,857	International Rectifier Corporation, (2), (3)		372,443
	40,260	Intersil Holding Corporation, Class A, (2)		370,795
	12,622	Itron Inc., (3)		491,879
	26,698	Lender Processing Services Inc.		658,640
	7,346	ManTech International Corporation, Class A, (2)		161,098
	72,914	MEMC Electronic Materials, (2), (3)		139,995
	29,466	Mentor Graphics Corporation, (3)		450,240
	25,380	Micros Systems, Inc., (3)		1,211,641
	38,303	Monster Worldwide Inc., (2)		277,697
	29,370	National Instruments Corporation, (2)		758,921
	50,133	NCR Corporation, (3)		1,169,102
	21,132	NeuStar, Inc., Class A, (2), (3)		748,284
	37,720	Parametric Technology Corporation		812,489
	13,428	Plantronics Inc.		440,707
	56,321	Polycom Inc., (3)		492,246
	30,784	QLogic Corporation		355,247
	17,923	Quest Software Inc., (3)		500,769
	33,732	Rackspace Hosting Inc., (2), (3)		1,480,160
	87,865	RF Micro Devices, Inc., (2)		340,916
	50,079	Riverbed Technology, Inc., (2)		883,394
	35,056	Rovi Corporation		469,049
	20,166	Semtech Corporation, (2)		481,766
	13,545	Silicon Laboratories Inc.		500,488
	59,911	Skyworks Solutions Inc., (3)		1,733,225
	14,449	Solarwinds, Inc.		771,432
	21,951	Solera Holdings Inc.		857,187
	46,465	Synopsys Inc., (3)		1,407,425
	12,594	Tech Data Corporation, (2), (3)		630,959
	115,685	Tellabs Inc.		380,604
	52,108	Tibco Software Inc., (3)		1,463,714
	39,516	Trimble Navigation Limited, (3)		1,748,978
	25,083	ValueClick, Inc., (2), (3)		394,054
	34,003	VeriFone Holdings Inc., (2), (3)		1,233,969

36 Nuveen Investments

Shares		Description (1)	Value
		Information Technology (continued)
	46,909	Vishay Intertechnology Inc., (3)	$	462,992
	12,277	Wright Express Corporation, (2), (3)		790,393
	16,381	Zebra Technologies Corporation, Class A, (3)		565,800
		Total Information Technology		54,169,452
		Materials – 6.4%
	28,174	Albemarle Corporation		1,640,290
	20,878	AptarGroup Inc.		1,044,109
	24,788	Ashland Inc., (2)		1,744,827
	20,028	Cabot Corporation		781,092
	13,891	Carpenter Technology Inc.		664,823
	36,633	Commercial Metals Company		472,199
	10,448	Compass Minerals International, Inc., (2)		755,808
	14,526	Cytec Industries, Inc.		894,221
	11,417	Domtar Corporation		843,260
	9,701	Greif Inc.		419,665
	16,648	Interpid Potash Inc., (3)		388,564
	43,443	Louisiana-Pacific Corporation		448,332
	14,413	Martin Marietta Materials, (2)		1,082,993
	5,606	Minerals Technologies Inc., (2)		358,448
	3,346	NewMarket Corporation		769,178
	25,302	Olin Corporation		512,112
	30,972	Packaging Corp. of America		953,628
	23,735	Reliance Steel & Aluminum Company, (2)		1,221,878
	22,327	Rock-Tenn Company		1,299,878
	18,796	Royal Gold, Inc., (2)		1,422,481
	41,548	RPM International, Inc., (2)		1,101,022
	13,701	Scotts Miracle Gro Company, Class A, (2)		546,670
	15,770	Sensient Technologies Corporation		559,047
	15,308	Silgan Holdings, Inc.		630,843
	31,672	Sonoco Products Company		959,978
	69,208	Steel Dynamics Inc.		892,091
	28,814	Valspar Corporation		1,446,463
	16,791	Worthington Industries, Inc., (2)		364,365
		Total Materials		24,218,265
		Telecommunication Services – 0.5%
	30,516	Telephone and Data Systems Inc.		739,403
	47,449	TW Telecom Inc., (3)		1,192,393
		Total Telecommunication Services		1,931,796
		Utilities – 5.0%
	35,052	Alliant Energy Corporation, (2)		1,637,279
	43,941	Aqua America Inc., (2)		1,126,647
	28,441	Atmos Energy Corporation		1,019,610
	13,928	Black Hills Corporation		443,607
	19,245	Cleco Corporation		842,161
	48,337	Great Plains Energy Incorporated		1,072,115

Nuveen Investments 37

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)								Value
		Utilities (continued)
	30,517	Hawaiian Electric Industries								$	869,429
	15,826	IDACORP, INC, (2)									667,857
	59,652	MDU Resources Group Inc.									1,335,608
	26,288	National Fuel Gas Company, (2)									1,286,535
	74,553	NV Energy Inc.									1,363,574
	30,821	OGE Energy Corp.									1,636,903
	25,163	PNM Resources Inc.									523,390
	56,293	Questar Corporation, (2)									1,145,563
	35,489	UGI Corporation									1,087,738
	25,902	Vectren Corporation									773,175
	39,861	Westar Energy Inc.									1,218,152
	16,262	WGL Holdings Inc.									657,798
		Total Utilities									18,707,141
		Total Common Stocks (cost $310,521,588)									351,800,492
Shares		Description (1)								Value
		INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 30.6%
		Money Market Funds – 30.6%
	115,537,261	Mount Vernon Securities Lending Prime Portfolio, 0.270%, (4), (5)								$	115,537,261
		Total Investments Purchased with Collateral from Securities Lending (cost $115,537,261)									115,537,261
Shares/ Principal Amount (000)		Description (1)	Coupon			Maturity		Ratings (6)		Value
		SHORT-TERM INVESTMENTS – 6.6%
		Money Market Funds – 6.0%
	22,587,543	First American Treasury Obligations Fund, Class Z		0.000%	(4)		N/A		N/A	$	22,587,543
		U.S. Government and Agency Obligations – 0.6%
$	2,350	U.S. Treasury Bill, (7)		0.063%			9/20/12		Aaa		2,349,772
		Total Short-Term Investments (cost $24,937,261)									24,937,315
		Total Investments (cost $450,996,110) – 130.5%									492,275,068
		Other Assets Less Liabilities – (30.5)% (8)									(115,180,277)
		Net Assets – 100%								$	377,094,791

Investments in Derivatives at July 31, 2012

Futures Contracts outstanding:

Type	Contract Position		Number of Contracts		Contract Expiration		Value		Unrealized Appreciation (Depreciation)
S&P Mid Cap 400 E-Mini Index		Long		272		9/12	$	25,529,920	$	428,582

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable

38 Nuveen Investments

inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	351,800,492	$	—	$	—	$	351,800,492
Investments Purchased with Collateral from Securities Lending		115,537,261		—		—		115,537,261
Short-Term Investments:
Money Market Funds		22,587,543		—		—		22,587,543
U.S. Government & Agency Obligations		—		2,349,772		—		2,349,772
Derivatives:
Futures Contracts*		428,582		—		—		428,582
Total	$	490,353,878	$	2,349,772	$	—	$	492,703,650

* Represents net unrealized appreciation (depreciation) as reported in the Fund’s Portfolio of Investments.

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Derivative Instruments and Hedging Activities

The Fund records derivative instruments at fair value, with changes in fair value recognized on the Statement of Operations, when applicable. Even though the Fund’s investments in derivatives may represent economic hedges, they are not considered to be hedge transactions for financial reporting purposes.

Nuveen Investments 39

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Index Fund (continued)

July 31, 2012

The following tables presents the fair value of all derivative instruments held by the Fund as of July 31, 2012, the location of these instruments on the Statement of Assets and Liabilities, and the primary underlying risk exposure.

		Location on the Statements of Assets and Liabilities
Underlying Risk Exposure	Derivative Instrument	Asset Derivatives			Liability Derivatives
		Location	Value		Location	Value
Equity	Futures Contracts	Payable for variation margin on futures contracts*	$	428,582	—	$	—

* Value represents unrealized appreciation (depreciation) of futures contracts as reported in the Fund’s Portfolio of Investments and not the deposits with brokers, if any, or the receivable or payable for variation margin on futures contracts presented on the Statement of Assets and Liabilities.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments (excluding investments in derivatives) was $451,847,517.

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	70,250,227
Depreciation		(29,822,676	)
Net unrealized appreciation (depreciation) of investments	$	40,427,551

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by the Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

(2) Investment, or a portion of investment, is out on loan for securities lending.

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

(4) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(5) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker-dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.

(6) Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.

(7) Investment, or portion of investment, segregated as collateral for investments in derivatives.

(8) Other Assets Less Liabilities includes the Unrealized Appreciation (Depreciation) of derivative instruments as noted within Investments in Derivatives at July 31, 2012.

N/A Not applicable

REIT Real Estate Investment Trust

40 Nuveen Investments

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 93.1%
		Consumer Discretionary – 12.8%
	1,670	1-800-Flowers, Class A, (2)	$	5,862
	5,307	Aeropostale, Inc.		104,654
	1,591	AFC Enterprises, Inc., (2)		35,145
	4,355	American Axle and Manufacturing Holdings Inc., (2)		46,990
	2,462	American Greetings Corporation, Class A, (3)		32,720
	1,149	American Public Education Inc., (2), (3)		28,851
	550	America’s Car-Mart, Inc., (2)		25,234
	1,929	Amerigon, Inc., (2), (3)		21,701
	2,153	Ameristar Casinos, Inc.		36,321
	3,187	Ann Inc., (2), (3)		86,304
	1,744	Arbitron Inc., (3)		61,162
	826	Arctic Cat, Inc.		36,344
	1,876	Asbury Automotive Group, Inc., (3)		49,076
	926	Ascent Media Corporation, (2)		46,096
	1,191	Audiovox Corporation, (2)		8,921
	1,865	Barnes & Noble Inc., (3)		24,749
	857	Bassett Furniture, Inc.		10,498
	288	Beasley Broadcast Group, Inc.		1,446
	8,044	Beazer Homes USA, Inc., (2), (3)		18,662
	2,448	bebe stores, inc.		14,688
	6,109	Belo Corp., Class A		41,847
	928	Benihana, Inc.		15,052
	1,413	Big 5 Sporting Goods Corporation		10,654
	71	Biglari Holdings Inc., (2)		26,678
	1,545	BJ’s Restaurants, Inc., (2), (3)		61,151
	1,370	Black Diamond Group Inc., (2)		13,481
	901	Blue Nile Inc., (2), (3)		23,138
	935	Bluegreen Corporation		4,479
	666	Blyth Inc.		22,830
	1,948	Bob Evans Farms		75,037
	1,057	Body Central Corporation, (2)		10,929
	827	Bon-Ton Stores, Inc., (3)		5,458
	3,630	Boyd Gaming Corporation, (3)		20,691
	1,237	Bravo Brio Restaurant Group, (2), (3)		22,353
	1,148	Bridgepoint Education Inc., (2), (3)		10,447
	2,799	Brown Shoe Inc., (3)		38,514
	5,833	Brunswick Corporation, (3)		128,268
	1,812	Buckle Inc., (3)		70,070
	1,178	Buffalo Wild Wings, Inc.		85,511
	3,047	Cabela’s Incorporated, (3)		139,979
	2,362	Caesar’s Entertainment Corporation, Class A, (3)		19,794
	299	CafePress, Incorporated		2,419
	4,246	Callaway Golf Company, (3)		23,311
	929	Capella Education Company, (3)		24,637

Nuveen Investments 41

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Consumer Discretionary (continued)
	3,380	Career Education Corporation, (2)	$	15,920
	1,378	Caribou Coffee Company, Inc., (3)		15,668
	1,157	Carmike Cinemas, Inc.		16,082
	996	Carrols Restaurant Group, Inc., (2)		5,388
	2,708	Casual Male Retail Group Inc.		10,290
	1,769	Cato Corporation		49,532
	439	Cavco Industries, Inc.		21,011
	1,257	CBRL Group Inc.		78,764
	1,275	CEC Entertainment Inc.		43,937
	2,397	Central European Media Enterprises Limited, (2), (3)		12,081
	3,710	Cheesecake Factory Inc.		124,359
	546	Cherokee Inc.		7,316
	1,676	Childrens Place Retail Stores Inc., (3)		85,141
	850	Churchill Downs Inc., (3)		47,039
	963	Citi Trends, Inc., (2), (3)		14,474
	2,044	Coinstar Inc., (2), (3)		97,070
	3,954	Colective Brands Inc., (2)		85,090
	349	Collectors Universe, Inc.		5,092
	779	Columbia Sportswear Company, (3)		39,410
	1,019	Conn’s, Inc., (3)		18,189
	4,070	Cooper Tire & Rubber		71,103
	732	Core-Mark Holding Company, Inc.		35,348
	5,113	Corinthian Colleges Inc.		10,328
	5,873	Crocs, Inc., (2)		90,151
	2,242	Crown Media Holdings, Inc., (3)		4,372
	636	CSS Industries Inc.		11,919
	570	Culp Inc.		5,700
	3,665	Cumulus Media, Inc., Class A, (3)		9,236
	64	Daily Journal Corporation		6,067
	9,645	Dana Holding Corporation, (3)		127,121
	1,035	Delete Accumulation File		8,363
	456	Delta Apparel Inc., (3)		6,384
	6,355	Denny’s Corporation, (2)		27,708
	872	Destination Maternity Corporation		15,600
	323	Dial Global Inc., (2)		891
	697	Digital Domain Media Group Incorporated, (2), (3)		2,955
	1,800	Digital Generation Inc., (2), (3)		19,188
	994	DineEquity Inc., (3)		52,980
	3,740	Dominos Pizza Inc., (2)		127,684
	1,599	Dorman Products, Inc., (3)		45,923
	1,257	Drew Industries Inc., (2)		33,763
	2,025	E.W. Scripps Company, Class A, (2)		18,812
	1,741	Education Management Corporation, (2), (3)		6,546
	382	Einstein Noah Restaurant Group		6,494
	1,596	Entercom Communications Corporation, Class A, (3)		8,682

42 Nuveen Investments

Shares		Description (1)	Value
		Consumer Discretionary (continued)
	3,385	Entravision Communications Corporation, (2)	$	4,197
	1,581	Ethan Allen Interiors Inc., (3)		32,616
	5,112	Exide Technologies		14,978
	5,842	Express Inc., (2)		94,056
	1,208	Federal Mogul Corporation, Class A Shares		12,020
	1,055	Fiesta Restaurant Group, (2)		16,236
	7,100	Fifth & Pacific Companies Inc., (2)		78,668
	3,330	Finish Line, Inc.		69,530
	579	Fisher Communications, Inc.		18,505
	294	Flexsteel Industries, Inc.		6,289
	2,272	Francescas Holdings Corporation, (3)		71,364
	2,379	Freds Inc.		33,782
	205	Frisch’s Restaurants Inc.		6,665
	1,070	Fuel Systems Solutions, Inc., (2)		18,960
	1,084	G III Apparel Group, Limited, (2), (3)		26,634
	2,028	Gaylord Entertainment Company, (3)		74,529
	282	Geeknet Inc., (2)		5,640
	1,599	Genesco Inc., (2)		105,886
	1,232	Global Sources, Limited, (2)		7,392
	553	Gordmans Stores Inc., (2)		9,368
	2,610	Grand Canyon Education Inc., (2)		43,430
	1,460	Group 1 Automotive Inc., (3)		78,475
	2,843	Harte-Hanks Inc., (3)		17,911
	1,207	Haverty Furniture Companies Inc.		13,615
	2,071	Helen of Troy Limited, (2)		63,083
	1,083	Hhgregg Inc., (2), (3)		7,451
	1,760	Hibbett Sporting Goods, Inc.		106,955
	4,028	Hillenbrand Inc.		69,644
	705	Hooker Furniture Corporation		8,312
	2,569	Hosting Site Network, Inc.		108,823
	2,714	Hot Topic, Inc.		27,574
	6,517	Hovnanian Enterprises Inc., Class A, (3)		15,119
	4,686	Iconix Brand Group, Inc.		83,083
	433	Ignite Restaurant Group, Incorporated, (3)		5,919
	2,585	Interval Leisure Group Inc.		47,409
	1,893	Intl Speedway Corporation, Class A		48,537
	1,794	Irobot Corporation, (3)		40,831
	1,900	Isle of Capri Casinos		11,153
	2,826	Jack in the Box Inc., Term Loan		76,274
	1,700	JAKKS Pacific Inc.		27,234
	4,235	Jamba, Inc., (2)		11,604
	369	Johnson Outdoors, Inc., Class A, (3)		7,723
	5,362	Jones Apparel Group Inc., (3)		56,676
	1,774	Joseph A Bank Clothiers, Inc., (3)		74,969
	2,806	Journal Communications Inc.		15,545

Nuveen Investments 43

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Consumer Discretionary (continued)
	1,682	K Swiss, Inc.	$	5,231
	1,743	K12, Inc., (2), (3)		31,513
	5,037	KB Home, (3)		46,542
	484	Kenneth Cole Productions		7,279
	1,077	Kirkland’s, Inc.		11,642
	3,758	Krispy Kreme Doughnuts Inc.		22,924
	3,378	La Z Boy Inc.		40,401
	3,296	LeapFrog Enterprises Inc., (2)		37,871
	1,340	Libbey Inc.		19,457
	2,800	Life Time Fitness Inc., (2), (3)		127,148
	631	Lifetime Brands, Inc.		8,127
	1,990	LIN TV Corporation		7,144
	1,490	Lincoln Educational Services Corporation		6,496
	5,540	Lions Gate Entertainment Corporation, (3)		74,513
	1,417	Lithia Motors Inc.		39,478
	9,068	Live Nation Inc., (3)		80,887
	1,209	Luby’s Inc.		8,016
	1,799	Lumber Liquidators Inc., (2), (3)		76,080
	1,228	M/I Homes, Inc., (2), (3)		20,373
	764	Mac-Gray Corporation		10,566
	1,504	Maidenform Brands Inc., (2)		31,704
	1,310	Marcus Corporation		17,187
	704	Marine Products Corporation		3,837
	1,492	Marinemax Inc.		11,100
	1,737	Marriott Vacations World, (2)		53,882
	1,749	Martha Stewart Living Omnimedia Inc.		5,684
	1,896	Matthews International Corporation, Class A		54,984
	719	Mattress Firm Holding Corporation, (2), (3)		20,966
	3,785	McClatchy Company, Class A, (3)		6,094
	2,497	MDC Holdings Inc., (3)		79,554
	1,610	MDC Partners, Inc.		15,150
	3,307	Mens Wearhouse Inc., (3)		90,116
	2,334	Meredith Corporation, (3)		77,115
	1,999	Meritage Corporation, (2), (3)		70,165
	3,051	Modine Manufacturing Company		20,472
	572	Monarch Casino & Resort, Inc.		4,273
	2,017	Monro Muffler Brake, Inc., (3)		66,702
	1,523	Morgans Hotel Group Company, (2)		7,554
	1,149	Movado Group Inc.		26,933
	1,476	MTR Gaming Group, Inc.		5,314
	1,788	Multimedia Games, Inc., (2), (3)		25,300
	174	Nathan’s Famous, Inc.		5,270
	660	National American University Holdings Inc.		2,726
	3,662	National CineMedia, Inc.		51,781
	1,748	New York & Company Inc.		7,953

44 Nuveen Investments

Shares		Description (1)	Value
		Consumer Discretionary (continued)
	8,813	New York Times, Class A, (2)	$	68,301
	739	Nexstar Broadcasting Group, Inc., (2)		4,818
	1,667	Nutri System Inc., (3)		17,479
	18,535	Office Depot, Inc., (2)		32,992
	5,524	OfficeMax Inc., (2), (3)		24,803
	1,503	Orbitz Worldwide Inc., (2)		6,523
	124	Orchard Supply Hardware Stores Corporation, (2)		2,078
	6,324	Orient Express Hotels Limited, (2)		57,675
	886	Outdoor Channel Holdings, Inc.		6,149
	744	Overstock.com, Inc., (3)		5,982
	914	Oxford Industries Inc.		39,521
	1,199	Papa John’s International, Inc.		61,161
	866	Peets Coffee and Tea Inc., (3)		65,296
	2,868	Penske Auto Group, Inc., (3)		68,545
	3,382	Pep Boys – Manny, Moe & Jack		30,675
	331	Perfumania Holdings, Inc., (2)		2,847
	783	Perry Ellis International, Inc.		14,760
	1,220	PetMed Express, Inc., (3)		11,858
	6,343	Pier 1 Imports, Inc.		104,596
	4,084	Pinnacle Entertainment Inc.		44,311
	3,095	Pool Corporation, (3)		114,082
	1,678	Premier Exhibitions, Inc., (2)		3,675
	8,525	Quicksilver Inc., (2), (3)		24,637
	572	R.G. Barry Corporation		7,619
	6,493	RadioShack Corporation, (3)		18,895
	641	ReachLocal Inc., (2), (3)		7,513
	1,093	Reading International Inc., Class A		5,399
	942	Red Lions Hotels Corporation		7,046
	925	Red Robin Gourmet Burgers, Inc., (2)		27,611
	3,711	Regis Corporation, (3)		62,790
	3,775	Rent-A-Center Inc.		134,239
	610	Rentrak Corporation		11,419
	4,182	Ruby Tuesday, Inc., (3)		26,807
	1,011	rue21, Inc., (3)		24,911
	2,261	Ruth’s Chris Steak House, Inc.		15,194
	2,913	Ryland Group Inc., (3)		69,562
	231	Saga Comunications Inc, Class A Shares		7,831
	7,409	Saks Inc., (2), (3)		77,276
	661	Salem Communications Corporation		3,232
	1,707	Scholastic Corporation, (3)		51,432
	3,738	Scientific Games Corporation, Class A, (2)		31,623
	3,278	Sealy Corporation, (3)		5,474
	3,750	Select Comfort Corporation, (2)		97,538
	380	Shiloh Industries, Inc.		3,994
	932	Shoe Carnival, Inc.		20,690

Nuveen Investments 45

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Consumer Discretionary (continued)
	3,588	Shuffle Master Inc.	$	52,421
	2,336	Shutterfly, Inc., (2), (3)		76,691
	3,292	Sinclair Broadcast Group, Series A		33,578
	2,490	Six Flags Entertainment Corporation		143,449
	2,472	Skechers USA Inc., (3)		49,292
	1,056	Skullcandy Inc., (2), (3)		15,217
	4,238	Smith & Wesson Holding Corporation		42,804
	2,633	Sonic Automotive Inc., Class A, (3)		45,077
	3,970	Sonic Corporation		39,303
	4,340	Sothebys Holdings Inc., Class A, (3)		127,379
	2,646	Spartan Motors, Inc.		13,495
	758	Speedway Motorsports Inc.		12,060
	1,998	Stage Stores Inc.		37,842
	1,296	Standard Motor Products Inc.		18,222
	7,087	Standard Pacific Corporation, (2), (3)		40,183
	1,764	Stein Mart, Inc.		14,024
	965	Steiner Leisure Limited, (2)		40,241
	450	Steinway Musical Instrument Inc.		11,088
	2,564	Steven Madden Limited		103,663
	5,062	Stewart Enterprises, Class A, (3)		34,573
	1,829	Stoneridge Inc., (2)		11,742
	786	Strayer Education Inc., (3)		57,111
	1,250	Sturm, Ruger, & Company, (3)		61,788
	1,503	Superior Industries International Inc.		25,686
	694	Systemax Inc.		8,654
	4,491	Talbots, Inc.		12,305
	572	Teavana Holdings Inc., (2)		6,406
	3,964	Tenneco Inc.		116,106
	4,043	Texas Roadhouse, Inc., (3)		69,984
	600	Tilly’s Inc, Class A Shares		9,966
	423	Tower International Inc.		3,634
	1,515	Town Sports International, (2)		19,574
	1,685	True Religion Apparel, Inc.		44,214
	2,769	Tuesday Morning Corporation		14,011
	1,409	Tumi Holdings Inc., (2)		25,432
	918	Unifi Inc.		10,171
	1,182	Univeral Electronics Inc.		14,881
	1,447	Universal Technical Institute Inc.		16,626
	950	US Auto Parts Network, Inc., (2)		4,038
	2,313	Vail Resorts, Inc., (3)		114,817
	2,875	Vallassis Communications Inc., (3)		64,831
	86	Value Line, Inc., (3)		1,020
	1,315	Vera Bradley Inc., (2), (3)		29,969
	1,442	Vitacost.com, Inc., (2)		9,517
	1,923	Vitamin Shoppe Inc., (2), (3)		105,611

46 Nuveen Investments

Shares		Description (1)	Value
		Consumer Discretionary (continued)
	2,680	Warnaco Group, Inc.	$	114,329
	950	West Marine, Inc.		9,719
	5,815	Wet Seal Inc.		15,933
	460	Weyco Group, Inc.		10,948
	142	Winmark Corporation		7,844
	1,908	Winnebago Industries Inc., (3)		19,328
	3,597	WMS Industries Inc.		66,077
	3,188	Wolverine World Wide Inc., (3)		141,643
	1,600	World Wrestling Entertainment Inc., (3)		12,400
	1,664	Zagg Inc., (2)		18,470
	1,431	Zumiez, Inc., (3)		51,988
		Total Consumer Discretionary		10,163,725
		Consumer Staples – 3.3%
	205	Alico Inc.		5,992
	5,595	Alliance One International, Inc., (3)		18,240
	1,195	Andersons, Inc.		45,374
	326	Annie’s Incorporated		13,285
	6	Arden Group, Inc.		521
	3,159	B&G Foods Inc., (3)		88,452
	527	Boston Beer Company, Class A, (3)		56,768
	761	Calavo Growers, Inc., (3)		20,532
	944	Cal-Maine Foods, Inc.		35,617
	2,439	Casey’s General Stores, Inc.		144,950
	4,672	Central European Distribution Corporation, (3)		15,231
	2,693	Central Garden & Pet Company, Class A, (3)		30,754
	3,001	Chiquita Brands International Inc.		15,545
	265	Coca-Cola Bottling Company Consolidated		17,800
	668	Craft Brewers Alliance Inc.		5,705
	7,680	Darling International Inc.		126,874
	1,415	Diamond Foods Inc., (3)		23,022
	2,305	Dole Food Company Inc., (3)		27,130
	1,645	Elizabeth Arden, Inc., (2), (3)		64,171
	436	Farmer Brothers Company		3,401
	1,250	Female Health Company		7,688
	2,345	Fresh Del Monte Produce Inc.		57,453
	160	Griffin Land & Nurseries, Inc.		4,608
	2,406	Hain Celestial Group Inc., (2), (3)		133,990
	2,690	Harbinger Group Inc., (2)		24,909
	2,884	Harris Teeter Supermarkets Incorporated, (3)		119,225
	810	Ingles Markets, Inc.		13,252
	1,034	Inter Parfums, Inc.		16,813
	853	Inventure Group		6,534
	966	J&K Snack Foods Corporation		55,825
	519	John B Sanfillippo & Son, Inc.		8,802
	1,137	Lancaster Colony Corporation, (3)		78,783

Nuveen Investments 47

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Consumer Staples (continued)
	294	Lifeway Foods, Inc.	$	3,105
	502	Limoneira Company		8,986
	885	Medifast, Inc., (2), (3)		24,869
	778	Nash Finch Company		14,906
	666	National Beverage Corporation		9,657
	718	Nature’s Sunshine Products		11,100
	591	Nutraceutical International Corporation, (2)		8,812
	320	Oil Dri Corporation		7,018
	1,243	Omega Protein Corporation, (2)		10,354
	376	Orchids Paper Products Company		6,392
	1,477	Pantry, Inc.		21,018
	3,940	Pilgrim’s Pride Corporation, (2), (3)		18,321
	1,803	Post Holdings Inc.		53,369
	3,231	Prestige Brands Holdings Inc., (2)		53,021
	1,142	PriceSmart, Inc., (3)		82,247
	738	Revlon Inc., Class A		10,738
	43,097	Rite Aid Corporation, (2)		49,993
	1,305	Roundys Inc., (3)		12,528
	1,500	Sanderson Farms Inc., (3)		55,245
	872	Schiff Nutrition International Inc.		15,243
	593	Seneca Foods Corporation		14,635
	3,852	Smart Balance Inc., (2), (3)		36,671
	3,035	Snyders Lance Inc., (3)		71,110
	1,419	Spartan Stores, Inc., (3)		24,407
	1,500	Spectrum Brands Inc., (2)		55,245
	9,516	Star Scientific, Inc., (2), (3)		35,970
	13,861	SUPERVALU INC., (2), (3)		34,237
	731	Susser Holdings Corporation		26,396
	1,112	Synutra International Inc., (2), (3)		6,316
	719	The Chef’s Warehouse Inc., (3)		11,612
	1,614	Tootsie Roll Industries Inc., (3)		39,511
	2,282	Treehouse Foods Inc., (2), (3)		127,769
	3,107	United Natural Foods Inc.		168,710
	1,375	Universal Corporation, (3)		62,618
	387	USANA Health Sciences, Inc., (2), (3)		17,407
	3,252	Vector Group Ltd.		55,251
	550	Village Super Market, Inc.		19,476
	962	WD 40 Company		46,224
	618	Weis Markets Inc.		26,902
	794	Westway Group, Inc., (2)		4,700
		Total Consumer Staples		2,649,335
		Energy – 5.7%
	5,391	Abraxas Petroleum Corporation, (3)		13,531
	138	Adams Resources and Energy, Incorporated		5,735
	666	Alon USA Energy, Inc.		7,273

48 Nuveen Investments

Shares		Description (1)	Value
		Energy (continued)
	1,976	Amyris Inc., (2), (3)	$	7,647
	597	Apco Oil and Gas International Inc., (2), (3)		9,994
	1,889	Approach Resources Inc., (2), (3)		49,870
	13,862	Arch Coal Inc., (3)		99,945
	2,913	ATP Oil & Gas Corporation, (2), (3)		4,224
	2,015	Basic Energy Services, Inc., (2), (3)		21,802
	3,420	Berry Petroleum Company, Class A, (3)		130,028
	3,142	Bill Barrett Corporation, (2), (3)		66,171
	561	Bolt Technology Corporation		8,163
	626	Bonanza Creek Energy Inc., (3)		10,974
	6,829	BPZ Resources, Inc., (3)		15,570
	2,333	Bristow Group Inc., (3)		106,781
	2,912	C&J Energy Services Inc., (2), (3)		54,687
	6,277	Cal Dive International Inc., (2), (3)		10,169
	2,575	Callon Petroleum Company Del, (2)		12,798
	2,585	Carrizo Oil & Gas, Inc., (2)		65,168
	369	Ceres Inc.		3,199
	385	Clayton Williams Energy, (3)		15,893
	4,315	Clean Energy Fuels Corporation, (3)		60,885
	3,917	Cloud Peak Energy Inc., (2)		64,826
	3,143	Comstock Resources Inc.		50,854
	833	Contango Oil & Gas Company, (2)		49,355
	450	Credo Petroleum Corporation		6,494
	1,402	Crimson Exploration Inc., (2)		6,169
	2,436	Crosstex Energy, Inc.		32,862
	1,066	CVTR Energy Inc., (2)		30,445
	518	Dawson Geophysical Company		11,935
	879	Delek US Holdings Inc.		17,351
	2,624	Dril Quip Inc., (3)		192,365
	3,043	Endeavor International Corporation, (2), (3)		26,079
	1,860	Energy Partners Limited, (2)		31,434
	5,151	Energy XXI Limited Bermuda, (3)		160,608
	1,080	Evolution Petroleum Corporation, (2)		9,018
	4,234	Exterran Holdings, Inc., (2)		62,536
	963	Forbes Energy Services Limited		4,247
	7,692	Forest Oil Corporation, (3)		52,690
	1,448	Forum Energy Technologies Incorporated		30,176
	3,311	Frontline Limited, (2), (3)		12,251
	3,456	FX Energy, Inc.		23,259
	1,535	GasLog Limited, (3)		15,212
	3,852	Gastar Exploration, Limited		7,511
	1,383	GeoResources, Inc.		46,275
	1,995	Gevo Inc.		7,741
	1,268	Global Geophysical Services Inc., (2)		7,443
	1,697	Goodrich Petroleum Corporation, (2), (3)		19,685

Nuveen Investments 49

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Energy (continued)
	1,629	Great Plains Renewable Energy, Inc.	$	7,233
	1,094	Gulf Island Fabrication, Inc.		30,424
	1,752	Gulfmark Offshore Inc.		62,984
	3,634	Gulfport Energy Corporation		74,860
	4,603	Halcon Resources Corporation		30,380
	428	Hallador Energy Company, (2)		3,219
	2,441	Harvest Natural Resources Inc., (2)		19,235
	8,737	Heckmann Corporation, (3)		26,910
	6,899	Helix Energy Solutions Group, (2)		123,354
	10,349	Hercules Offshore Inc.		37,153
	2,306	Hornbeck Offshore Services Inc., (2)		97,659
	8,617	ION Geophysical Corporation		57,303
	69	Isramco, Inc.		7,382
	9,862	Key Energy Services Inc.		78,995
	1,724	Kior Inc., Class A Shares		13,171
	1,595	Knightsbridge Tankers Limited		13,733
	17,211	Kodiak Oil & Gas Corporation, (2), (3)		143,712
	2,194	Lufkin Industries Inc.		101,034
	9,622	Magnum Hunter Resources Corporation, (2), (3)		36,564
	888	Matador Resources Company, (3)		9,297
	1,698	Matrix Service Company		17,591
	6,627	McMoran Exploration Corporation, (3)		86,549
	1,568	Midstates Petroleum Company Incorporated, (2)		13,359
	1,995	Miller Energy Resources Incorporated, (3)		7,761
	830	Mitcham Industries, Inc.		14,666
	804	Natural Gas Services Group, (2)		11,658
	5,870	Newpark Resources Inc., (3)		40,092
	3,399	Nordic American Tanker Shipping Ltd, (3)		39,768
	4,148	Northern Oil and Gas Inc., (3)		65,372
	5,218	Oasis Petroleum Inc., (2), (3)		136,607
	1,710	Overseas Shipholding Group Inc., (3)		9,781
	416	OYO Geospace Corporation		39,428
	451	Panhandle Oil and Gas Inc.		13,846
	7,680	Parker Drilling Company		35,558
	1,954	PDC Energy Inc., (2), (3)		51,195
	2,992	Penn Virginia Corporation		20,046
	3,695	Petroquest Energy Inc., (2), (3)		20,359
	851	PHI Inc Non-Voting, (2)		22,705
	4,041	Pioneer Energy Services Corporation		32,490
	7,670	Quicksilver Resources Inc., (2), (3)		34,668
	211	Renewable Energy Group Inc., (2)		1,044
	14,925	Rentech, Inc.		29,701
	3,152	Resolute Energy Corporation, (2), (3)		27,328
	2,819	Rex Energy Inc., (3)		35,745
	396	Rex Stores Corporation		6,989

50 Nuveen Investments

Shares		Description (1)	Value
		Energy (continued)
	805	RigNet, Inc.	$	15,037
	3,455	Rosetta Resources, Inc.		144,143
	756	Sanchez Energy Corporation, (2), (3)		12,580
	1,184	Saratoga Resources Inc.		7,092
	2,458	Scorpio Tankers Inc., (2)		14,773
	2,604	SemGroup Corporation, A Shares, (2)		87,781
	2,955	Ship Financial International Limited, (3)		42,788
	2,137	Solazyme Inc., (2), (3)		29,341
	3,230	Stone Energy Corporation, (2), (3)		84,820
	2,798	Swift Energy Company		52,295
	2,555	Synergy Resources Corporation		7,512
	1,894	Targa Resources Corporation		83,431
	4,114	Teekay Tankers Limited, Class A Shares, (3)		16,003
	1,981	Tesco Corporation, (2)		22,960
	5,066	TETRA Technologies, (2)		35,107
	951	TGC Industries Inc.		6,638
	2,890	Triangle Petroleum Corporation, (2), (3)		16,155
	973	Union Drilling, Inc., (2)		3,483
	4,309	Uranerz Energy Corporation, (2), (3)		6,636
	5,535	Uranium Energy Corporation, (3)		11,070
	3,777	Vaalco Energy Inc., (2)		27,685
	12,505	Vantage Drilling Company, (2), (3)		19,633
	1,919	Venoco Inc., (2), (3)		17,789
	3,138	Voyager Oil & Gas Inc., (2)		3,546
	2,268	W&T Offshore Inc.		41,935
	4,683	Warren Resources Inc., (2)		10,865
	3,522	Western Refining Inc.		82,873
	710	Westmoreland Coal Company		5,226
	2,541	Willbros Group Inc.		17,406
	1,620	ZaZa Energy Corporation, (2)		6,124
		Total Energy		4,480,963
		Financials – 20.4%
	978	1st Source Corporation		21,731
	1,951	1st United Bancorp, (2)		11,569
	2,865	Acadia Realty Trust – REIT, (3)		68,588
	483	Access National Corporation		6,675
	10,349	Adams Resources & Energy, Incorporated		114,046
	1,032	AG Mortgage Investment Trust Inc.		23,292
	729	Agree Realty – REIT		17,153
	132	Alexander’s – REIT		56,400
	304	Alliance Financial Corporation		10,680
	5,830	Alterra Capital Holdings Limited		135,664
	2,159	American Assets Trust Inc		56,134
	2,368	American Capital Mortgage Investment Corporation, (3)		58,134
	3,914	American Equity Investment Life Holding Company, (3)		45,676

Nuveen Investments 51

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Financials (continued)
	511	American National Bankshares, Inc., (3)	$	11,559
	671	American Safety Insurance Holdings, (2), (3)		11,977
	1,526	Ameris Bancorp., (2), (3)		18,220
	1,181	Amerisafe, Inc., (2)		29,484
	532	Ames National Corporation, (3)		11,512
	1,549	Amtrust Financial Services, Inc., (3)		46,145
	8,959	Anworth Mortgage Asset – REIT, (3)		59,488
	1,322	Apollo Commercial Real Estate Finance – REIT		22,077
	13,251	Apollo Investment		101,768
	1,396	Apollo Residential Mortgage – REIT		27,962
	502	Ares Commercial Real Estate Corporation		8,403
	1,763	Argo Group International Holdings Inc.		51,850
	547	Arlington Asset Investment Corporation		12,231
	15,304	Armour Residential – REIT, (3)		117,229
	652	Arrow Financial Corporation, (3)		15,857
	2,010	Artio Global Investors Inc., (3)		6,492
	3,485	Ashford Hospitality Trust – REIT		26,591
	3,234	Associated Estates Realty – REIT		48,284
	5,587	Astoria Financial Corporation, (3)		52,630
	645	AV Homes Inc., (2)		7,985
	538	Baldwin & Lyons, Class B, (3)		12,498
	411	BancFirst Corporation		16,695
	1,846	Banco Latinoamericano de Exportaciones S.A		37,511
	1,880	Bancorp, Inc., (2)		17,578
	6,068	BancorpSouth Inc., (3)		87,925
	2,955	Bank Mutual Corporation		12,588
	370	Bank of Kentucky Financial Corporation		9,091
	341	Bank of Marin Bancorp California, (3)		12,760
	1,907	Bank of the Ozarks, Inc.		61,386
	1,303	BankFinancial Corporation		10,242
	1,189	Banner Corporation		27,026
	254	Bar Harbor Bankshares		8,847
	5,093	BBCN Bancorp Inc., (2)		57,755
	2,137	Beneficial Mutual Bancorp Inc., (2)		18,293
	280	Berkshire Bancorp, Inc.		2,316
	1,448	Berkshire Hills Bancorp, Inc.		32,522
	6,429	BGC Partners Inc., Class A		31,952
	4,804	BlackRock Kelso Capital Corporation, (3)		45,398
	648	BofI Holdings, Inc., (2)		13,070
	5,104	Boston Private Financial Holdings Inc., (3)		48,029
	561	Bridge Bancorp Inc.		11,248
	588	Bridge Capital Holdings		9,132
	4,147	Brookline Bancorp, Inc.		34,876
	733	Bryn Mawr Bank		15,158
	536	BSB Bancorp Inc., (2)		6,673

52 Nuveen Investments

Shares		Description (1)	Value
		Financials (continued)
	209	C & F Financial, Inc., (3)	$	8,554
	1,257	Calamos Asset Management, Inc. Class A, (3)		13,286
	131	California First National Bancorp.		2,127
	493	Camden National Corporation		17,783
	2,030	Campus Crest Communities – REIT		22,249
	738	Cape Bancorp Inc.		6,849
	898	Capital Bank Corporation		2,128
	733	Capital City Bank		5,373
	195	Capital Southwest Corporation, (3)		20,358
	4,373	CapLease – REIT, (3)		19,897
	6,111	Capstead Mortgage – REIT, (3)		86,043
	1,858	Cardinal Financial Corporation		23,782
	385	Cascade Bancorp.		1,994
	1,889	Cash America International, Inc., (3)		72,386
	5,141	Cathay General Bancorp.		83,233
	3,915	Cedar Shopping Centers – REIT, (3)		20,162
	776	Center Bancorp, Inc.		8,575
	1,930	Centerstate Banks of Florida, Inc.		14,958
	1,412	Central Pacific Financial Corporation		18,921
	222	Century Bancorp, Inc.		6,678
	399	Charter Financial Corporation, (3)		3,539
	889	Chatham Lodging Trust – REIT		12,224
	1,763	Chemical Financial Corporation		39,544
	2,067	Chesapeake Lodging Trust – REIT		35,077
	419	CIFC Corporation, (2)		3,071
	782	Citizens & Northern Corporation		14,459
	2,542	Citizens Inc., (3)		26,284
	2,615	Citizens Republic Bancorp., (2)		47,070
	979	City Holding Company, (3)		32,356
	550	Clifton Savings Bancorp, Inc.		5,363
	812	CNB Financial Corporation		13,374
	15,282	CNO Financial Group Inc., (3)		126,688
	2,278	Cobiz, Inc.		15,263
	1,206	Cohen & Steers Inc., (3)		39,798
	5,742	Colonial Properties Trust – REIT, (3)		130,056
	2,115	Colony Financial – REIT, (3)		38,810
	2,591	Columbia Banking Systems Inc.		46,768
	2,500	Community Bank System Inc.		68,775
	912	Community Trust Bancorp, Inc.		30,953
	270	Consolidated Tomoka Land Company		7,598
	1,342	Coresite Realty Corporation		35,778
	5,860	Cousins Properties – REIT		44,477
	5,714	Cowen Group, Inc, Class A, (3)		14,285
	1,657	Crawford & Co		6,694
	462	Credit Acceptance Corporation		44,287

Nuveen Investments 53

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Financials (continued)
	178	Crescent Financial Corporation	$	947
	4,374	Crexus Investment – REIT		45,840
	8,045	CubeSmart – REIT, (3)		96,460
	5,739	CVB Financial		67,720
	10,844	CYS Investments – REIT		156,804
	16,131	DCT Industrial Trust – REIT, (3)		100,980
	2,793	DFC Global Corporation, (2)		53,542
	175	Diamond Hill Investment Group, Inc., (2)		13,074
	12,280	DiamondRock Hospitality – REIT, (3)		116,169
	1,999	Dime Community Bancshares, Inc.		28,986
	498	Donegal Group, Inc., B		6,673
	8,390	Doral Financial Group, (2)		11,410
	2,037	Duff & Phelps Corporation, Class A		30,025
	4,005	Dupont Fabros Technology – REIT, (3)		107,735
	3,549	Dynex Capital – REIT, (3)		36,874
	1,076	Eagle Bancorp, Inc.		19,099
	434	Eastern Insurance Holdings, Inc.		6,883
	1,860	EastGroup Properties – REIT, (3)		99,473
	1,348	Edelman Finacnial Group Inc., (3)		11,687
	6,189	Education Realty Trust – REIT		72,535
	1,288	eHealth, Inc., (2), (3)		23,661
	296	EMC Insurance Group Inc.		5,985
	2,241	Employers Holdings, Inc.		40,069
	552	Enstar Group, Limited, (2)		51,601
	375	Enterprise Bancorp, Inc.		6,229
	1,165	Enterprise Financial Services Corporation		14,621
	3,057	Entertainment Properties Trust – REIT		138,054
	1,040	Epoch Holding Corporation		21,923
	3,582	Equity One – REIT		77,694
	801	ESB Financial Corporation, (3)		11,286
	656	ESSA Bancorp Inc.		6,934
	1,458	Everbank Financial Corporation, (2)		17,467
	1,868	Evercore Partners Inc.		43,282
	2,198	Excel Trust – REIT		26,904
	3,016	EZCORP, Inc.		67,860
	9,114	F.N.B. Corporation PA, (3)		99,160
	1,227	Farmers National Banc Corporation		7,215
	902	FBL Financial Group Inc.		27,917
	2,620	FBR Capital Markets Corporation, (2)		7,624
	632	Federal Agricultural Mortgage Corporation		15,888
	8,112	FelCor Lodging Trust – REIT, (2)		39,262
	623	Fidelity Southern Corporation		5,659
	616	Fidus Investment Corporation		9,412
	5,383	Fifth Street Finance Corporation, (3)		54,422
	3,026	Financial Engines Inc., (3)		56,798

54 Nuveen Investments

Shares		Description (1)	Value
		Financials (continued)
	903	Financial Institutions, Inc.	$	15,532
	6,758	First American Corporation		123,807
	564	First Bancorp Maine		9,475
	971	First Bancorp of North Carolina, Inc.		8,273
	4,591	First Bancorp of Puerto Rico, (3)		17,354
	4,951	First Busey Corporation, (3)		23,072
	1,465	First California Financial Group, Inc.		9,830
	2,012	First Cash Financial Services, Inc., (2)		80,681
	6,872	First Commonwealth Financial Corporation, (3)		48,173
	1,021	First Community Bancshares, Inc.		14,794
	1,149	First Connecticut Bancorp., (3)		15,293
	624	First Defiance Financial Corporation		10,140
	226	First Federal Bancshares of Arkansas, Inc.		1,880
	3,822	First Financial Bancorp.		60,999
	2,019	First Financial Bankshares, Inc., (3)		69,645
	715	First Financial Corporation		21,200
	1,062	First Financial Holdings, Inc.		12,532
	1,046	First Financial Northwest Inc., (2)		8,577
	5,788	First Industrial Realty Trust – REIT, (2)		73,739
	1,061	First Interstate BancSystem Inc., Montana		15,289
	3,543	First Marblehead Corporation		3,791
	1,869	First Merchants Corporation		26,596
	4,790	First Midwest Bancorp, Inc.		54,127
	491	First of Long Island Corporation		14,087
	693	First Pactrust Bancorp, Inc.		7,796
	3,329	First Potomac Realty Trust – REIT		38,583
	558	Firsthand Technology Value Fund, Incorporated		9,001
	7,162	FirstMerit Corporation		116,024
	3,367	Flagstone Reinsurance Holdings SA		23,502
	2,016	Flushing Financial Corporation, (3)		28,446
	653	FNB United Corporation, (3)		7,758
	2,276	Forestar Real Estate Group Inc., (2), (3)		25,901
	376	Fortegra Financial Corp, (2)		2,978
	879	Fox Chase Bancorp.		13,097
	803	Franklin Financial Corporation, (2)		12,960
	4,734	Franklin Street Properties – REIT		49,092
	383	FX Alliance Inc.		8,464
	1,540	FXCM Inc, Class A Shares		16,170
	432	Gain Capital Holdings Inc.		2,074
	441	GAMCO Investors Inc.		19,708
	809	German American Bancorp, Inc., (3)		16,463
	1,659	Getty Realty – REIT, (3)		30,824
	4,540	GFI Group, Inc.		14,437
	4,698	Glacier Bancorp, Inc.		71,269
	1,352	Gladstone Capital – REIT		11,019

Nuveen Investments 55

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Financials (continued)
	1,119	Gladstone Commercial – REIT, (3)	$	19,348
	1,419	Gladstone Investment Corporation		10,245
	9,107	Glimcher Realty Trust		91,252
	826	Global Indemnity PLC, (2)		15,876
	935	Golub Capital BDC Inc., (3)		14,380
	2,421	Government Properties Income Trust – REIT		55,441
	2,998	Gramercy Capital Corporation		7,105
	653	Great Southern Bancorp., (3)		20,014
	1,567	Green Dot Corporation, Class A Shares, (2)		16,359
	801	Greene County Bankshares, Inc.		1,450
	1,898	Greenhill & Co Inc., (3)		75,389
	1,801	Greenlight Capital Re, Ltd, (2)		42,432
	1,261	GSV Capital Corporporation, (3)		12,887
	4,974	Guaranty Bancorp., (2)		9,550
	78	Gyrodyne Company of America, Inc.		8,891
	931	Hallmark Financial Services, Inc., (2)		7,681
	4,982	Hancock Holding Company		151,851
	2,023	Hanmi Financial Corporation		22,152
	1,992	Harris & Harris Group, Inc.		7,410
	5,000	Healthcare Realty Trust – REIT, (3)		122,800
	948	Heartland Financial USA, Inc., (3)		24,771
	3,247	Hercules Technology Growth Capital, Inc., (3)		36,464
	1,339	Heritage Commerce Coporation		8,208
	1,005	Heritage Financial Corporation		13,919
	567	Heritage Financial Group		7,592
	1,312	Heritage Oaks Bancorp, (2)		7,085
	11,231	Hersha Hospitality Trust – REIT, (3)		54,583
	2,131	HFF Inc., Class A, (2), (3)		27,831
	4,827	Highwoods Properties – REIT, Inc.		163,490
	2,560	Hilltop Holdings Inc.		26,906
	83	Hingham Institution for Savings		5,039
	447	Home Bancorp Inc., (2), (3)		7,519
	1,440	Home Bancshares, Inc., (3)		43,416
	1,024	Home Federal Bancorp, Inc.		10,158
	856	Home Loan Servicing Solutions Limited, (3)		12,309
	468	Homeowners Choice Inc.		8,485
	284	HomeStreet Inc., (2), (3)		10,411
	2,563	Horace Mann Educators Corporation		44,699
	244	Horizon Bancorp.		6,583
	409	Horizon Technology Finance Corporation		6,699
	2,341	Hudson Pacific Properties – REIT, (3)		41,623
	1,002	Hudson Valley Holding Corporation		16,894
	1,897	IberiaBank Corporation		88,837
	2,383	ICG Group Inc., (2)		21,304
	521	Independence Holding Company		4,918

56 Nuveen Investments

Shares		Description (1)	Value
		Financials (continued)
	1,378	Independent Bank Corporation, (3)	$	40,940
	797	Infinity Property and Casualty Corporation, (3)		46,075
	4,955	Inland Real Estate – REIT		39,541
	3,478	International Bancshares Corporation		63,752
	899	INTL FCStone Inc., (2), (3)		17,126
	7,537	Invesco Mortgage Capital – REIT, (3)		149,157
	2,650	Investment Technology Group, (2)		21,942
	2,974	Investors Bancorp, Inc., (2)		48,387
	5,594	Investors Real Estate Trust – REIT, (3)		45,647
	80	Investors Title Company		4,281
	5,510	iStar Financial – REIT, (2), (3)		37,027
	1,045	JMP Group Inc.		6,510
	592	Kaiser Federal Financial Group Inc.		8,608
	274	Kansas City Life Insurance Company		9,516
	2,269	Kbw Inc., (3)		36,554
	1,422	KCAP Financial Incorporated, (3)		11,319
	771	Kearny Financial Corporation		7,494
	2,819	Kennedy-Wilson Holdings Inc., (3)		38,564
	3,578	Kite Realty Group Trust – REIT		17,997
	6,448	Knight Trading Group Inc., (3)		66,608
	6,838	Ladenburg Thalmann Financial Services Inc., (2)		9,710
	1,762	Lakeland Bancorp, Inc.		16,598
	1,040	Lakeland Financial Corporation		26,770
	5,592	LaSalle Hotel Properties – REIT, (3)		146,846
	7,747	Lexington Corporate Properties Trust – REIT, (3)		69,258
	1,986	LTC Properties – REIT		70,900
	3,248	Maiden Holdings, Ltd		27,576
	1,827	Main Street Capital Corporation		44,780
	1,293	Mainsource Financial Group		15,102
	887	Manning & Napier Inc.		12,099
	2,384	Marketaxess, (3)		72,044
	557	Marlin Business Services Corporation		8,556
	3,570	MB Financial, Inc.		72,078
	5,014	MCG Capital Corporation, (3)		21,961
	3,422	Meadowbrook Insurance Group, Inc.		24,091
	1,168	Medallion Financial Corporation		12,941
	8,854	Medical Properties Trust – REIT, (3)		87,212
	1,132	Medley Capital Corporation		14,037
	562	Mercantile Bank Corporation, (3)		9,307
	333	Merchants Bancshares, Inc.		8,805
	509	Meridian Interstate Bancorp, Inc., (2)		7,823
	890	Metro Bancorp, Inc., (2)		11,125
	1,033	Metrocorp Bancshares, Inc., (3)		10,681
	12,310	MGIC Investment Corporation, (2), (3)		29,667
	554	MicroFinancial Incorporated		5,346

Nuveen Investments 57

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Financials (continued)
	350	Middleburg Financial Corporation	$	5,660
	545	Midsouth Bancorp Inc.		7,766
	444	MidWestOne Financial Group Inc., (3)		9,448
	1,189	Mission West Properties – REIT		10,475
	2,627	Monmouth Real Estate Investment – REIT		29,265
	3,271	Montpelier Re Holdings Limited		66,270
	1,542	MVC Capital Inc.		19,599
	273	NASB Financial, Inc.		5,184
	445	National Bankshares, Inc., (3)		13,537
	2,659	National Financial Partners Corp., (2), (3)		39,486
	1,566	National Health Investors – REIT		84,079
	443	National Interstate Corporation		11,602
	7,949	National Penn Bancshares, Inc.		70,269
	143	National Western Life Insurance Company		20,247
	1,251	Nationstar Mortgage Holdings, Incorporated, (3)		27,547
	693	Navigators Group, Inc.		33,562
	2,212	NBT Bancorp, Inc.		46,474
	1,657	Nelnet Inc.		38,956
	2,028	Netspend Holdings, Inc., (2), (3)		17,846
	778	New Mountain Finance Corporation		11,055
	1,471	New York Mortgage Trust, Inc.		10,003
	1,753	Newstar Financial, Inc., (2), (3)		20,896
	1,390	NGP Capital Resources Company		10,147
	624	Nicholas Financial, Inc.		8,249
	987	Northfield Bancorp Inc.		14,775
	422	Northrim Bancorp, Inc.		8,508
	8,710	Northstar Realty Finance – REIT		47,992
	6,258	Northwest Bancshares Inc.		72,906
	858	OceanFirst Financial Corporation		11,677
	7,018	Ocwen Financial Corporation, (2), (3)		138,676
	6,182	Old National Bancorp.		75,668
	6,909	Omega Healthcare Investors – REIT, (3)		167,474
	720	OmniAmerican Bancorp Inc., (2)		15,113
	759	One Liberty Properties – REIT		14,338
	1,426	OneBeacon Insurance Group Limited, Class A		18,096
	662	Oppenheimer Holdings Inc., Class A		9,208
	2,716	Oriental Financial Group Inc., (3)		28,192
	2,749	Oritani Financial Corporation		38,733
	273	Pacific Capital Bancorp., (2)		12,454
	1,183	Pacific Continental Corporation		10,919
	697	Pacific Mercantile Bancorp.		4,656
	1,982	Pacwest Bancorp.		45,408
	829	Park National Corporation, (3)		56,156
	2,132	Park Sterling Bank Inc., (2)		9,786
	1,411	Parkway Properties – REIT		15,704

58 Nuveen Investments

Shares		Description (1)	Value
		Financials (continued)
	579	Peapack Gladstone Financial Corporation	$	8,859
	3,751	Pebblebrook Hotel Trust – REIT		85,223
	3,654	Penn Real Estate Investment Trust – REIT		52,471
	3,682	Pennantpark Investment Corporation		38,440
	250	Penns Woods Bancorp, Inc.		9,738
	2,640	PennyMac Mortgage Investment Trust – REIT		55,625
	697	Peoples Bancorp, Inc., (3)		15,236
	398	Peoples Federal Bancshares, Inc.		6,670
	3,699	PHH Corporation, (2), (3)		59,961
	7,939	Phoenix Companies Inc., (2)		12,941
	1,459	PICO Holdings, Inc.		35,176
	2,260	Pinnacle Financial Partners, Inc., (2)		44,183
	1,068	Piper Jaffray Companies		22,759
	2,237	Platinum Underwriters Holdings Limited, (3)		85,051
	2,579	Potlatch – REIT		89,259
	767	Preferred Bank Los Angeles		8,268
	1,519	Presidential Life Corporation		21,099
	3,073	Primerica Inc.		84,108
	3,944	Privatebancorp, Inc.		60,422
	9,694	Prospect Capital Corporation, (3)		107,410
	3,100	Prosperity Bancshares, Inc., (3)		125,767
	635	Provident Financial Holdings, Inc.		7,772
	3,885	Provident Financial Services Inc.		59,169
	2,444	Provident New York Bancorp.		20,187
	1,195	PS Business Parks – REIT, (3)		80,794
	624	Pzena Investments Management, Inc.		2,402
	8,705	Radian Group Inc., (3)		24,374
	3,258	RAIT Financial Trust – REIT, (3)		15,117
	3,000	Ramco-Gershenson Properties Trust – REIT, (3)		38,220
	5,162	Redwood Trust – REIT, (3)		66,538
	315	Regional Management Corporation		4,753
	1,609	Renasant Corporation, (3)		28,479
	636	Republic Bancorp, Inc., (3)		15,016
	784	Resource America Inc.		4,759
	5,535	Resource Capital – REIT, (3)		30,166
	3,095	Retail Opportunity Investments Corporation, (3)		37,728
	1,272	RLI Corporation		81,930
	6,968	RLJ Lodging Trust – REIT		122,637
	1,799	Rockville Financial Inc.		20,958
	483	Roma Financial Corporation		4,390
	1,446	Rouse Properties Inc., (3)		20,013
	1,888	S&T Bancorp, Inc., (3)		31,152
	2,419	Sabra Health Care Real Estate Investment Trust – REIT		44,800
	1,357	Safeguard Scientifics Inc.		20,993
	731	Safety Insurance Group, Inc.		30,980

Nuveen Investments 59

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Financials (continued)
	1,547	Sandy Spring Bancorp, Inc.	$	27,552
	494	Saul Centers – REIT, (3)		20,570
	984	SCBT Financial Corporation, (3)		36,447
	1,286	Seabright Insurance Holdings Inc.		10,841
	4,656	Seacoast Banking Corporation of Florida		6,518
	601	Select Income – REIT		15,121
	3,470	Selective Insurance Group Inc.		59,892
	691	SI Financial Group, Inc.		8,085
	763	Sierra Bancorp.		8,149
	1,113	Simmons First National Corporation		25,977
	2,391	Solar Capital Limited		54,443
	620	Solar Senior Capital Limited		10,559
	1,109	Southside Bancshares, Inc., (3)		23,134
	1,248	Southwest Bancorp, Inc.		11,482
	1,893	Sovran Self Storage – REIT, (3)		108,090
	1,562	STAG Industrial Inc.		22,587
	7,601	Starwood Property Trust – REIT, (3)		169,198
	940	State Auto Financial Corporation		12,192
	2,031	State Bank Financial Corporation, (3)		32,313
	1,476	StellarOne Corporation		19,764
	1,987	Sterling Bancorp.		19,055
	1,748	Sterling Financial Corporation, (3)		35,065
	1,168	Stewart Information Services Corporation, (3)		19,938
	3,506	Stifel Financial Corporation, (3)		105,531
	12,084	Strategic Hotels & Resorts – REIT, (2)		73,229
	629	Suffolk Bancorp.		8,177
	1,995	Summit Hotel Properties – REIT, (3)		16,559
	2,556	Sun Bancorp, Inc., (2)		7,515
	1,728	Sun Communities – REIT, (3)		80,508
	8,938	Sunstone Hotel Investors – REIT, (3)		89,469
	12,268	Susquehanna Bancshs Inc.		130,777
	1,872	SWS Group Inc., (2)		10,727
	722	SY Bancorp, Inc., (3)		16,873
	5,056	Symetra Financial Corporation		58,801
	1,064	Taylor Capital Group, Inc., (3)		18,567
	375	TCP Capital Corporation		5,445
	2,466	Technology Investment Capital Corporation		24,019
	835	Tejon Ranch Company		21,702
	856	Terreno Realty – REIT		12,763
	710	Territorial Bancorp Inc.		16,685
	2,477	Texas Capital BancShares, Inc., (2), (3)		106,734
	780	THL Credit Inc.		10,764
	2,103	Thomas Properties Group, Inc.		10,599
	604	Tompkins Financial Corporation, (3)		23,713
	2,369	Tower Group Inc., (3)		44,158

60 Nuveen Investments

Shares		Description (1)	Value
		Financials (continued)
	1,720	Towne Bank, (3)	$	24,596
	394	Tree.com Inc., (2)		5,090
	1,781	Triangle Capital Corporation, (3)		40,838
	1,043	Trico Bancshares, (3)		15,906
	5,975	TrustCo Bank Corporation NY, (3)		32,922
	4,229	Trustmark Corporation, (3)		102,257
	18,251	Two Harbors Investment – REIT		209,329
	2,109	UMB Financial Corporation, (3)		101,359
	860	UMH Properties – REIT		9,615
	7,365	Umpqua Holdings Corporation, (3)		91,915
	1,301	Union First Market Bankshares Corporation		19,866
	3,283	United Bankshares, Inc., (3)		76,494
	2,725	United Community Banks, Inc., (2)		18,557
	932	United Financial Bancorp.		13,281
	1,383	United Fire Group Inc.		27,107
	762	Universal Health Realty Income Trust – REIT, (3)		33,177
	1,204	Universal Insurance Holdings Inc.		3,853
	1,077	Univest Corporation of Pennsylvania		17,135
	1,481	Urstadt Biddle Properties – REIT, (3)		28,124
	2,016	ViewPoint Financial Group		35,492
	1,751	Virginia Commerce Bancorp, Inc., (2)		14,131
	424	Virtus Investment Partners Inc., (2)		35,497
	621	Walker & Dunlop Inc., (2)		7,849
	1,871	Walter Investment Management Corporation		42,322
	985	Washington Banking Company, (3)		13,770
	4,236	Washington Real Estate Investment Trust – REIT, (3)		113,101
	915	Washington Trust Bancorp, Inc., (3)		22,710
	478	Waterstone Financial Inc.		1,592
	4,711	Webster Financial Corporation		96,670
	1,484	WesBanco, Inc.		30,734
	999	West Bancorp, Inc.		10,130
	1,238	West Coast Bancorp.		24,624
	1,730	Westamerica Bancorp., (3)		79,580
	4,567	Western Alliance Bancorporation, (2), (3)		42,108
	522	Western Asset Mortgage Capital Corporation, (3)		10,659
	1,623	Westfield Financial Inc.		12,108
	435	Westwood Holding Group Inc.		16,204
	663	Whitestone – REIT		9,050
	3,952	Wilshire Bancorp, Inc., (2), (3)		25,056
	1,905	Winthrop Realty Trust – REIT		23,165
	2,371	Wintrust Financial Corporation, (3)		87,039
	3,825	WisdomTree Investments Inc., (2)		25,589
	718	World Acceptance Corporation, (3)		51,172
	497	WSFS Financial Corporation		20,591
	244	Zilow Inc, (2), (3)		9,189
		Total Financials		16,138,785

Nuveen Investments 61

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Health Care – 12.4%
	1,446	Abaxis, Inc.	$	51,608
	2,183	Abiomed, Inc., (3)		49,227
	1,503	Acadia Healthcare Company Inc., (2)		24,258
	3,679	Accretive Health Inc., (2), (3)		49,961
	4,657	Accuray, Inc., (3)		29,386
	3,475	Achillion Pharmaceuticals, Inc., (2), (3)		23,005
	2,619	Acorda Therapeutics, Inc., (2)		63,039
	791	Acura Pharmaceutical Inc., (2), (3)		1,471
	1,632	Aegerion Pharmaceuticals Inc., (2)		24,774
	2,359	Affymax, Inc., (2), (3)		38,287
	4,612	Affymetrix, Inc., (2), (3)		19,324
	1,489	Agenus Inc., (2)		7,192
	838	Air Methods Corporation, (2)		91,367
	3,714	Akorn, Inc.		50,770
	4,692	Align Technology, Inc., (2), (3)		159,340
	7,996	Alkermes Inc., (2), (3)		148,646
	5,063	Allos Therapeutics, Inc.		8,962
	528	Almost Family, Inc.		11,621
	3,027	Alnylam Pharmaceuticals, Inc., (2), (3)		56,575
	3,571	Alphatec Holdings, Inc., (2)		6,285
	1,360	AMAG Pharmaceuticals Inc., (2)		21,053
	1,967	Amedisys, Inc., (3)		23,978
	1,969	Amicus Therapeutics, Inc., (2)		9,707
	2,667	AMN Healthcare Services Inc.		15,575
	1,678	Ampio Pharmaceuticals Inc., (2), (3)		5,118
	2,008	AmSurg Corporation, (2)		59,316
	784	Anacor Pharmaceuticals Inc., (3)		4,626
	807	Analogic Corporation		51,664
	1,605	AngioDynamics, Inc., (2)		17,671
	769	Anika Therapeutics, Inc.		9,343
	5,958	Antares Pharma Inc., (3)		28,777
	12,876	Arena Pharmaceuticals, Inc., (3)		107,643
	3,979	ArQule Inc., (2)		24,073
	5,822	Array Biopharma, Inc., (2)		29,925
	1,806	Arthrocare Corporation		53,421
	1,256	Assisted Living Concepts Inc., (3)		17,597
	6,080	Astex Pharmaceuticals Inc., (2)		15,078
	2,341	AthenaHealth Inc., (2), (3)		214,192
	952	AtriCure, Inc., (2)		7,968
	102	ATRION Corporation		21,012
	3,160	Auxilium Pharmaceuticals, Inc., (2)		85,130
	8,861	Avanir Pharmaceuticals, (2), (3)		25,342
	2,542	Aveo Pharmaceuticals Inc., (3)		33,300
	703	BG Medicine Inc., (2)		4,696
	3,211	BioCryst Pharaceuticals, Inc., (2)		14,257

62 Nuveen Investments

Shares		Description (1)	Value
		Health Care (continued)
	1,390	Biodelivery Sciences, Inc., (2)	$	6,589
	1,579	Bio-Reference Laboratories, Inc., (2), (3)		39,080
	2,868	Bioscrip, Inc., (2)		18,240
	318	BioSpecifics Technologies Corporation, (3)		5,746
	1,991	BioTime Inc., (2), (3)		7,685
	3,928	Cadence Pharmaceuticals, Inc., (2), (3)		16,655
	1,891	Cambrex Corporation		17,454
	1,385	Cantel Medical Corporation		36,176
	1,838	Capital Senior Living Corporation, (3)		20,659
	1,095	Cardiovascular Systems, Inc., (3)		10,030
	3,835	Celldex Therapeutics, Inc., (2)		19,827
	271	Cempra Inc., (2)		2,144
	3,361	Centene Corporation, (2)		127,852
	4,285	Cepheid, Inc., (2), (3)		137,291
	3,553	Cerus Corporation, (3)		10,730
	1,278	Chemed Corporation, (3)		80,220
	354	ChemoCentryx Inc., (2)		5,129
	754	Chindex International, Inc.		7,879
	892	Clovis Oncology Inc., (3)		15,779
	1,709	Codexis Inc.		5,264
	711	Computer Programs and Systems, Inc.		35,195
	2,049	Conceptus Inc., (3)		38,070
	1,819	Conmed Corporation		49,913
	3,166	Corcept Therapeutics, Inc., (3)		11,461
	561	Cornerstone Therapeutics Inc., (2)		4,320
	1,157	Coronado Biosciences Inc., (2)		6,873
	358	Corvel Corporation		16,518
	1,784	Cross Country Healthcare, Inc.		8,135
	1,794	CryoLife Inc.		9,975
	4,136	Cubist Pharmaceuticals Inc., (3)		178,096
	776	Cumberland Pharmaceuticals Inc.		4,734
	5,161	Curis, Inc., (3)		24,979
	1,821	Cyberonics, (2)		78,849
	622	Cynosure, Inc.		15,575
	3,569	Cytori Therapeutics, Inc., (2), (3)		9,351
	10,057	Dendreon Corporation, (2), (3)		47,871
	3,639	DepoMed, Inc.		20,087
	605	Derma Sciences Inc.		6,056
	4,477	DexCom, Inc., (3)		49,292
	2,832	Discovery Labs, Inc.		7,165
	1,569	DUSA Pharmaceuticals, Inc.		8,582
	6,452	Dyax Corporation, (2)		17,098
	11,373	Dynavax Technologies Corporation		43,900
	1,691	Emergent BioSolutions, Inc., (2)		24,706
	2,006	Emeritus Corporation		34,002

Nuveen Investments 63

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Health Care (continued)
	1,934	Endocyte Inc., (2), (3)	$	14,872
	3,613	Endologix, Inc., (2), (3)		42,453
	1,048	Ensign Group Inc.		29,396
	1,655	EnteroMedics, Inc.		5,495
	2,758	Enzon Inc.		18,286
	1,217	Epocrates Inc., (2)		9,176
	3,732	EXACT Sciences Corporation, (2)		38,253
	546	Exactech, Inc., (2)		9,036
	1,910	ExamWorks Group Inc., (2), (3)		24,926
	9,697	Exelixis, Inc., (2), (3)		60,606
	2,696	Five Star Quality Care Inc., (2)		9,625
	1,340	Fluidigm Corporation, (2), (3)		17,433
	635	Furiex Pharmaceuticals Inc., (2)		12,205
	1,093	Genomic Health, Inc., (2)		36,692
	1,965	Gentiva Health Services, Inc., (2)		13,087
	8,626	Geron Corporation, (3)		14,837
	1,498	Greatbatch, Inc., (2)		34,199
	516	Greenway Medical Technologies Inc., (2)		7,064
	1,727	GTX, Inc., (2)		6,079
	1,651	Haemonetics Corporation, (3)		118,723
	5,860	Halozyme Therapeutics, Inc., (2), (3)		52,857
	2,229	Hanger Orthopedic Group Inc., (2)		57,441
	3,582	Hansen Medical, Inc., (3)		6,340
	1,618	Harvard Bioscience, Inc.		5,987
	6,217	HealthSouth Corporation, (3)		139,261
	1,276	Healthstream, Inc., (2)		35,651
	2,183	Healthways Inc.		24,471
	924	Heartware International Inc., (3)		82,504
	699	Hi Tech Pharmacal Company, Inc., (2)		24,018
	5,614	HMS Holdings Corporation, (2), (3)		193,178
	1,378	Horizon Pharma Inc., (2), (3)		7,868
	772	ICU Medical, Inc., (2), (3)		41,171
	4,882	Idenix Pharmaceuticals Inc., (2), (3)		49,455
	2,600	ImmunoCellular Therapeutics, Limited, (3)		8,190
	5,451	Immunogen, Inc., (2), (3)		87,979
	4,226	Immunomedics, Inc., (3)		14,622
	4,376	Impax Laboratories Inc., (2), (3)		97,235
	4,270	Indevus Pharmaceuticals Inc, (4)		—
	1,272	Infinity Pharmaceuticals, Inc., (2), (3)		22,209
	3,121	Insulet Corporation, (2)		61,047
	1,273	Integra Lifesciences Holdings Corporation, (3)		48,960
	572	Integramed America, Inc., (2)		7,968
	4,271	Intermune, Inc., (2)		37,713
	2,078	Invacare Corporation		29,279
	1,052	IPC The Hospitalist Company, Inc., (2)		45,236

64 Nuveen Investments

Shares		Description (1)	Value
		Health Care (continued)
	1,144	IRIS International, Inc., (2)	$	11,886
	4,909	Ironwood Pharmacauticals Inc., (2), (3)		63,179
	6,542	ISIS Pharmaceuticals, Inc., (3)		79,289
	2,713	Jazz Pharmaceuticals, Inc., (2), (3)		130,414
	4,650	Keryx Biopharmaceuticals, Inc., (3)		8,463
	3,455	Kindred Healthcare Inc., (2), (3)		32,719
	605	Landauer Inc.		34,461
	1,043	Lannett Company Inc.		4,933
	12,965	Lexicon Genetics, Inc., (3)		31,375
	1,014	LHC Group, Inc., (2)		18,140
	1,261	Ligand Pharmceuticals, Inc., (2)		24,400
	2,723	Luminex Corporation, (2)		46,645
	1,830	Magellan Health Services, Inc.		88,206
	2,361	Mako Surgical Corporation, (3)		30,079
	7,366	MannKind Corporation, (2), (3)		17,531
	1,626	MAP Pharmaceuticals, Inc., (2), (3)		22,943
	3,375	Masimo Corporation, (3)		75,600
	1,806	Maxygen, Inc.		10,890
	3,809	MedAssets Inc.		50,241
	3,601	Medicines Company		90,169
	3,753	Medicis Pharmaceutical Corporation, Class A, (3)		123,549
	1,452	Medidata Solutions, Inc., (2)		51,415
	233	Mediware Information Systems, Inc.		3,213
	487	Medtox Scientific, Inc.		13,149
	3,854	Merge Healthcare Incorporated, (3)		11,408
	2,694	Meridian Bioscience, Inc., (3)		45,017
	2,746	Merit Medical Systems, Inc., (3)		37,098
	993	Merrimack Pharmaceuticals, Incorporated		7,914
	2,883	Metropolitan Health Networks Inc.		24,304
	2,570	Mmodal Inc., (2)		36,802
	1,956	Molina Healthcare Inc., (2)		47,746
	3,059	Momenta Pharmaceuticals, Inc., (2), (3)		43,499
	784	MWI Veterinary Supply, Inc., (2)		71,415
	657	National Healthcare Corporation		28,691
	164	National Research Corporation		8,252
	1,924	Natus Medical, Inc.		23,781
	6,302	Navidea Biopharmaceuticals Incorporated, (2), (3)		24,074
	7,329	Nektar Therapautics, (3)		62,443
	1,489	Neogen Corporation, (3)		57,282
	4,330	Neurocrine Biosciences Inc., (2)		32,908
	828	NewLink Genetics Corporation, (3)		9,837
	7,568	Novavax, Inc., (3)		16,877
	5,626	NPS Pharmaceuticals, Inc., (2)		43,376
	2,820	NuVasive, Inc., (2)		58,910
	3,215	Nxstage Medical, Inc., (2), (3)		48,386

Nuveen Investments 65

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Health Care (continued)
	1,191	Obagi Medical Products, Inc., (2)	$	18,270
	1,687	Omeros Corporation, (3)		15,942
	2,194	Omnicell, Inc., (2)		28,632
	933	OncoGenex Pharmacuetical Inc., (2), (3)		13,025
	3,731	Oncothyreon Inc., (3)		15,782
	6,996	Opko Health Inc., (2), (3)		29,663
	3,073	Optimer Pharmaceuticals, Inc., (2), (3)		41,977
	3,541	OraSure Technologies, Inc., (2)		37,570
	3,940	Orexigen Therapeutics Inc., (3)		19,424
	1,223	Orthofix International NV, (2)		50,155
	1,072	Osiris Therapeutics, Inc., (2), (3)		9,348
	4,095	Owens and Minor Inc., (3)		115,520
	2,422	Pacific Biosciences of California Inc., (2)		4,384
	1,204	Pacira Pharmaceuticals, Inc., (3)		18,433
	2,370	Pain Therapeutics, Inc., (2), (3)		8,722
	1,275	Palomar Medical Technologies, Inc.		10,213
	2,326	Par Pharmaceuticals Inc., (2)		116,207
	3,911	Parexel International Corporation		107,631
	654	PDI Inc., (2)		4,696
	9,135	PDL Biopahrma Inc., (3)		62,027
	594	Pernix Therapeutics Holdings, Incorporated, (2)		4,526
	3,553	Pharmacyclics, Inc., (3)		189,055
	1,887	Pharmerica Corporation, (2)		19,417
	855	PhotoMedex, Inc., (3)		11,876
	1,737	Pozen Inc., (2)		10,960
	1,974	Progenics Pharmaceuticals, Inc.		10,285
	833	Providence Service Corporation		10,746
	3,328	PSS World Medical Inc., (2), (3)		69,522
	2,582	Quality Systems Inc., (3)		41,725
	3,510	Questcor Pharmaceuticals Inc., (2), (3)		129,414
	1,830	Quidel Corporation, (2), (3)		28,676
	3,190	Raptor Pharmaceuticals Corporation, (2), (3)		15,886
	2,014	Repligen Corporation		8,096
	967	Repros Therapeutics, Inc.		8,790
	4,667	Rigel Pharmaceuticals, Inc., (3)		51,057
	692	Rochester Medical Corporation		6,906
	1,362	Rockwell Medical Technologies, Inc., (3)		12,285
	3,647	RTI Biologics Inc., (2)		12,983
	612	Sagent Pharmaceuticals Inc., (3)		11,934
	3,435	Sangamo Biosciences, Inc., (3)		18,068
	3,575	Santarus, Inc.		25,990
	3,709	SciClone Pharmaceuticals, Inc., (2), (3)		21,327
	6,200	Seattle Genetics, Inc., (3)		162,192
	2,875	Select Medical Corporation, (2)		30,619
	7,481	Sequenom, Inc., (3)		21,022

66 Nuveen Investments

Shares		Description (1)	Value
		Health Care (continued)
	2,296	SIGA Technologies, Inc., (3)	$	6,681
	1,244	Skilled Healthcare Group Inc., (2)		6,755
	4,023	Solta Medical Inc., (2)		13,155
	2,239	Spectranetics Corporation, (2)		26,420
	3,887	Spectrum Pharmaceuticals, Inc., (2), (3)		54,379
	2,371	STAAR Surgical Company		12,187
	3,804	Steris Corporation, (3)		114,615
	815	Sucampo Pharmaceuticals, Inc.		3,293
	1,668	Sun Healthcare Group Inc., (2)		13,944
	1,828	Sunesis Pharmaceuticals, Inc., (3)		5,429
	3,800	Sunrise Assisted Living Inc., (2), (3)		25,384
	220	Supernus Pharmaceuticals Incorporated, (3)		2,691
	980	Surmodics Inc.		15,621
	2,395	Symmetry Medical, Inc.		18,561
	682	Synageva BioPharma Corporation, (2), (3)		34,141
	2,684	Synergy Pharmaceuticals Inc., (3)		10,978
	2,425	Synta Pharmaceuticals Corporation, (2), (3)		17,824
	1,771	Targacept, Inc., (2)		7,651
	1,854	Team Health Holdings Inc., (2)		49,502
	4,128	Theravance Inc., (2), (3)		120,249
	2,937	Threshold Pharmaceuticals, Inc., (3)		20,383
	987	Tornier N.V, (2), (3)		21,536
	824	Transcept Pharmaceuticals Inc., (2)		5,018
	1,270	Triple-S Management Corporation, Class B Shares		23,139
	1,623	Trius Therapeutics, Inc., (2)		8,943
	5,249	Unilife Corporation, (2), (3)		16,587
	2,453	Universal American Corporation, (2)		21,979
	758	US Physical Therapy, Inc.		19,458
	214	Utah Medical Products, Inc.		7,246
	1,806	Vanda Pharmaceuticals, Inc.		7,278
	2,076	Vanguard Health Systems Inc., (2)		17,646
	1,089	Vascular Solutions, Inc., (2)		14,527
	816	Ventrus Biosciences Inc.		2,987
	404	Verastem Inc., (2), (3)		3,773
	5,473	Vical, Inc., (3)		18,937
	4,545	ViroPharma, Inc.		98,672
	6,511	Vivus, Inc., (3)		136,926
	438	Vocera Communications Incorporated, (3)		11,756
	3,481	Volcano Corporation, (2)		92,072
	2,814	Wellcare Health Plans Inc., (2)		182,403
	2,212	West Pharmaceutical Services Inc., (3)		110,113
	2,568	Wright Medical Group, Inc., (2), (3)		47,868
	2,272	Xenoport, Inc., (2)		17,903
	4,446	XOMA Limited, (3)		16,139
	362	Young Innovations, Inc.		13,065

Nuveen Investments 67

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Health Care (continued)
	1,106	Zeltiq Aesthetics Inc, (2), (3)	$	5,685
	4,306	ZIOPHARM Oncology, Inc., (2), (3)		24,243
	3,562	Zogenix Inc., (2)		7,836
		Total Health Care		9,857,340
		Industrials – 13.9%
	6,993	A123 Systems Inc., (2), (3)		3,077
	1,207	Aaon, Inc., (3)		22,052
	2,632	AAR Corporation		37,401
	3,510	ABM Industries Inc.		65,286
	3,245	Acacia Research, (2)		91,866
	7,379	Acco Brands Corporation, (2), (3)		62,500
	3,091	Accuride Corporation, (2)		16,042
	1,752	Aceto Corporation		15,383
	1,168	Acorn Energy Inc., (3)		10,138
	4,760	Actuant Corporation, (3)		135,470
	2,783	Acuity Brands Inc., (3)		161,247
	2,563	Aegion Corporation, (2)		44,596
	1,087	Aerovironment, Inc.		25,392
	3,836	Aircastle LTD		45,380
	3,459	Ait Transport Servcies Group Inc., (2)		16,707
	467	Alamo Group Inc.		13,370
	4,604	Alaska Air Group, Inc.		160,449
	1,804	Albany International Corporation, Class A		32,292
	906	Allegiant Travel Company, (2), (3)		64,380
	1,760	Altra Industrial Motion, Inc.		29,075
	565	AMERCO		52,771
	1,317	Ameresco Inc., Class A Shares, (2)		16,015
	1,177	American Ecology Corporation		22,952
	626	American Railcar Industries, (2)		19,049
	2,380	American Reprographics Co		10,401
	583	American Science & Engineering Inc.		33,254
	2,869	American Superconductor Corporation, (3)		10,644
	603	American Woodmark Company		10,052
	548	Ampco-Pittsburgh Corporation		8,609
	2,112	API Technologies Corporation, (2), (3)		7,265
	1,848	Apogee Enterprises, Inc., (3)		29,919
	2,723	Applied Industrial Technologies Inc., (3)		101,187
	643	Argan, Inc., (2)		10,166
	1,633	Arkansas Best Corporation		22,356
	1,036	Asset Accceptance Capital Corporation, (2)		6,040
	722	Asta Funding, Inc.		6,729
	1,311	Astecx Industries Inc.		38,281
	686	Astronics Corporation		20,635
	616	AT Cross Company, Class A Shares		5,932
	1,725	Atlas Air Worldwide Holdings Inc., (3)		78,246

68 Nuveen Investments

Shares		Description (1)	Value
		Industrials (continued)
	6,932	Avis Budget Group Inc.	$	99,613
	1,650	AZZ Inc.		50,672
	3,543	Barnes Group Inc.		84,536
	488	Barrett Business Services, Inc.		12,747
	3,061	Beacon Roofing Supply Company, (3)		81,147
	3,043	Belden Inc.		97,772
	3,197	Blount International Inc.		45,461
	1,577	Bluelinx Holdings Inc., (2)		3,391
	3,204	Brady Corporation		85,002
	3,241	Briggs & Stratton Corporation		56,523
	3,086	Brinks Company		71,595
	2,923	Builders FirstSource, Inc., (2)		10,523
	838	CAI International Inc., (2)		17,330
	19,496	Capstone Turbine Corporation, (2), (3)		20,276
	602	Cascade Corporation		28,360
	1,696	Casella Waste Systems, Inc.		8,565
	2,532	CBIZ Inc., (2), (3)		13,394
	895	CDI Corporation		14,463
	469	CECO Environmental Corporation		3,752
	1,288	Celadon Group, Inc.		19,230
	3,537	Cenveo Inc., (2)		6,685
	1,600	Ceradyne Inc.		35,200
	1,952	Chart Industries, Inc., (2), (3)		126,607
	1,137	CIRCOR International Inc.		35,008
	3,240	CLARCOR, Inc.		156,654
	568	Coleman Cable Inc.		4,925
	1,267	Columbus McKinnon Corporation NY		18,638
	2,435	Comfort Systems USA Inc.		23,839
	1,850	Commercial Vehicle Group Inc.		14,264
	73	CompX International Inc.		937
	542	Consolidated Graphics Inc.		12,851
	2,218	Corporate Executive Board Company, (3)		102,316
	662	Courier Corporation		7,361
	367	CPI Aerostructures, Incorporated		4,165
	696	CRA International, Inc., (2)		10,781
	1,039	Cubic Corporation		50,256
	3,064	Curtiss Wright Corporation		91,828
	1,138	Delete Accumulation File		7,477
	3,304	Deluxe Corporation		93,569
	2,362	DigitalGlobe Inc., (2), (3)		45,988
	1,952	Dolan Media Company, (2)		9,526
	1,858	Dollas Thrifty Automotive Group Inc., (2)		138,235
	1,446	Douglas Dynamics Inc., (3)		19,333
	574	DXP Enterprises, Inc.		25,371
	2,263	Dycom Industries Inc.		39,421

Nuveen Investments 69

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Industrials (continued)
	881	Dynamic Material Corporation	$	14,722
	406	Eastern Company		7,247
	965	Echo Global Logistics, Inc., (2), (3)		17,409
	978	Edgen Group Incorporated		7,335
	4,358	Emcor Group Inc.		114,746
	1,431	Encore Capital Group, Inc.		40,068
	1,225	Encore Wire Corporation		33,565
	2,941	Energy Recovery, Inc., (2), (3)		6,617
	5,128	EnergySolutions Inc.		8,512
	1,610	EnerNOC, Inc.		10,207
	3,132	EnerSys, (2)		106,958
	1,674	Ennis Inc.		24,005
	518	Enphase Energy Incorporated		3,010
	1,329	EnPro Industries Inc., (2)		45,811
	1,710	ESCO Technologies Inc.		61,577
	2,002	Esterline Technologies Corporation, (3)		117,557
	795	Exponent, Inc., (2)		41,094
	4,062	Federal Signal Corporation		23,032
	3,126	Flow International Corporation		10,003
	1,887	Forward Air Corporation		63,139
	904	Franklin Covey Company		9,411
	1,531	Franklin Electric Company, Inc.		86,364
	768	Freightcar America Inc.		15,621
	2,702	FTI Consulting Inc.		68,982
	10,337	Fuelcell Energy Inc., (2)		10,750
	2,432	Furmanite Corporation		10,895
	1,203	G&K Services, Inc.		37,907
	2,040	Genco Shipping and Trading Limited, (2)		4,406
	3,899	GenCorp Inc., (3)		32,947
	1,616	Generac Holdings Inc.		36,877
	2,645	Genesee & Wyoming Inc., (2), (3)		164,149
	4,168	Geo Group Inc., (2)		96,364
	1,033	GeoEye, Inc., (2)		26,269
	1,994	Gibraltar Industries Inc.		18,983
	1,123	Global Power Equipment Group Inc., (3)		23,078
	978	Gorman-Rupp Company, (3)		27,149
	953	GP Strategies Corporation, (2)		16,306
	650	Graham Corporation		11,083
	2,483	Granite Construction Inc.		64,310
	3,861	Great Lakes Dredge & Dock Corporation		27,529
	1,492	Greenbrier Companies Inc.		24,320
	3,064	Griffon Corporation		26,933
	1,875	H&E Equipment Services, Inc.		26,475
	762	Hardinge, Inc.		6,949
	3,238	Hawaian Holdings Inc., (3)		20,626

70 Nuveen Investments

Shares		Description (1)	Value
		Industrials (continued)
	4,265	Healthcare Services Group, Inc., (3)	$	92,465
	3,240	Heartland Express, Inc., (3)		45,036
	3,441	Heico Corporation, (3)		122,809
	1,175	Heidrick & Struggles International, Inc.		15,722
	502	Heritage-Crystal Clean, Inc., (2)		8,775
	6,504	Hexcel Corporation, (2), (3)		151,478
	1,611	Hill International, Inc.		6,267
	2,974	HNI Corporation, (3)		79,019
	1,142	Houston Wire & Cable Company, (3)		13,076
	2,365	Hub Group, Inc.		70,359
	2,172	Hudson Global Inc.		9,883
	414	Hurco Companies, Inc.		8,446
	1,498	Huron Consulting Group, Inc., (3)		50,453
	1,264	ICF International, Inc., (2)		31,056
	3,433	II VI Inc.		59,872
	2,074	Innerworkings, Inc., (2), (3)		24,867
	1,471	Insperity Inc.		38,599
	1,132	Insteel Industries, Inc.		11,275
	3,825	Interface, Inc.		50,720
	2,144	Interline Brands Inc.		54,415
	349	International Shipholding Corp.		6,450
	622	Intersections, Inc.		8,857
	15,834	JetBlue Airways Corporation, (3)		87,245
	1,890	John Bean Technologies Corporation		27,689
	790	Kadant Inc., (2), (3)		16,361
	1,723	Kaman Corporation		56,135
	2,094	Kaydon Corporation		44,183
	1,712	Kelly Services, Inc., (3)		20,304
	1,214	Keyw Holding Corporation		13,366
	1,907	KForce Inc.		22,064
	2,128	Kimball International Inc., Class B		19,897
	3,919	Knight Transportation Inc.		60,078
	3,130	Knoll Inc.		42,850
	3,123	Korn Ferry International, (3)		41,099
	2,621	Kratos Defence & Security Solutions Inc., (2), (3)		14,809
	1,261	Layne Christensen Company, (2), (3)		26,607
	579	LB Foster Company, (3)		17,133
	830	Lindsay Manufacturing Company		58,847
	588	LMI Aerospace, Inc.		10,602
	1,251	LSI Industries, Inc.		8,069
	1,102	Lydall Inc.		14,062
	998	Marten Transport, Ltd.		17,914
	3,806	MasTec Inc., (2), (3)		60,744
	1,617	McGrath Rentcorp.		43,028
	6,302	Meritor Inc., (2), (3)		29,493

Nuveen Investments 71

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Industrials (continued)
	2,579	Metalico Inc.	$	5,003
	941	Met-Pro Corp.		8,516
	566	Michael Baker Corporation		14,275
	1,222	Middleby Corporation, (2), (3)		119,658
	720	Midwest Air Group Inc.		11,822
	3,809	Miller (Herman) Inc.		69,705
	1,802	Mine Safety Appliances Company		61,845
	1,021	Mistras Group Inc., (2)		22,952
	2,496	Mobile Mini, Inc., (2), (3)		35,743
	2,917	Moog Inc., CLass A Shares		106,150
	1,775	Mueller Industries Inc.		75,668
	10,232	Mueller Water Products Inc.		36,221
	881	Multi Color Corporation		17,127
	1,339	MYR Group Inc., (2)		21,852
	374	Nacco Industries Inc.		37,456
	308	National Presto Industries Inc., (3)		20,494
	3,313	Navigant Consulting Inc., (2)		38,530
	1,268	NCI Building Systems Inc.		13,644
	428	NL Industries Inc.		5,050
	1,111	NN, Incorporated		9,999
	506	Nortek Inc., (2)		25,816
	598	Northwest Pipe Company		14,561
	4,782	Odyssey Marine Exploration Inc., (3)		17,980
	3,048	Old Dominion Frght Line		129,235
	178	OmegaFlex, Inc.		1,778
	2,804	On Assignment, Inc.		43,714
	3,852	Orbital Sciences Corporation, (2), (3)		50,461
	1,736	Orion Marine Group Inc., (2)		12,551
	2,249	Pacer International, Inc., (2)		9,446
	566	Park Ohio Holdings Corporation		9,718
	258	Patrick Industries, Inc.		3,003
	397	Patriot Transportation Holding, Inc., (2)		9,226
	1,356	Peerless Manufacturing Company, (2), (3)		10,848
	10,113	Pendrell Corporation, (2), (3)		11,225
	1,276	PGT, Inc., (2)		3,751
	1,124	Pike Electric Corporation		9,633
	1,100	Porfolio Recovery Associates, Inc., (2)		93,148
	566	Powell Industries Inc.		19,397
	156	Preformed Line Products Company, (3)		8,444
	1,954	Primoris Services Corporation		24,132
	327	Proto Labs Incorporated, (3)		12,370
	1,622	Quad Graphics Inc., (3)		24,963
	1,396	Quality Distribution, Inc., (2)		14,100
	2,436	Quanex Building Products Corporation		41,168
	1,372	RailAmerica, Inc.		37,634

72 Nuveen Investments

Shares		Description (1)	Value
		Industrials (continued)
	1,155	Rand Logistics, Inc.	$	9,563
	2,366	Raven Industries, Inc., (3)		77,439
	1,449	RBC Bearings Inc., (2)		67,871
	3,097	Republic Airways Holdings, Inc.		14,091
	2,782	Resources Connection, Inc.		31,409
	1,881	Rexnord Corporation		36,491
	838	Roadrunner Transportation System Inc., (2)		14,640
	2,533	Robbins & Myers, Inc.		116,113
	1,381	RPX Corporation, (2)		17,332
	2,081	Rush Enterprises, Class A		33,608
	1,046	Saia, Inc., (2)		23,640
	762	Sauer-Danfoss, Inc.		27,577
	758	Schawk Inc.		8,626
	20	Seaboard Corproation		44,000
	709	SeaCube Container Leasing Limited		12,450
	164	SIFCO Industries, Incorporated		3,157
	2,672	Simpson Manufacturing Company Inc.		64,769
	3,397	Skywest Inc.		23,779
	2,543	Smith AO Corporation		125,675
	2,716	Spirit Airline Holdings, (3)		58,421
	1,017	Standard Parking Corporation, (3)		21,571
	824	Standex International Corporation		35,251
	5,110	Steelcase Inc.		43,793
	1,058	Sterling Construction Company, Inc.		10,506
	1,349	Sun Hydraulics Corporation		30,460
	5,157	Swift Transportation Company, (2)		42,803
	7,356	Swisher Hygiene Inc., (3)		14,786
	2,549	Sykes Enterprises Inc.		37,700
	691	Sypris Solutions, Inc.		4,291
	1,908	TAL International Group Inc.		65,158
	3,572	Taser International, Inc., (2)		19,325
	1,300	Team, Inc.		40,482
	2,360	Teledyne Technologies Inc.		147,028
	1,229	Tennant Company, (3)		51,212
	4,005	Tetra Tech, Inc., (2), (3)		102,969
	803	Textainer Group Holdings Limited, (3)		30,209
	2,242	The Advisory Board Company, (2), (3)		100,868
	961	Thermon Group Holdings Inc., (2), (3)		20,642
	2,758	Titan International Inc., (3)		57,008
	1,154	Titan Machinery, Inc., (2), (3)		32,820
	827	TMS International Corporation, Class A Shares, (2)		8,088
	1,000	Trex Company Inc., (2), (3)		25,480
	2,104	TriMas Corporation, (2)		45,741
	2,638	TrueBlue Inc., (2), (3)		40,150
	2,332	Tutor Perini Corporation		26,492

Nuveen Investments 73

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Industrials (continued)
	556	Twin Disc, Inc., (3)	$	10,886
	910	UniFirst Corporation		56,984
	2,741	United Stationers, Inc.		69,101
	1,287	Universal Forest Products Inc.		41,094
	353	Universal Truckload Services, Inc., (2)		5,256
	10,602	US Airways Group Inc., (2), (3)		121,499
	4,838	USG Corporation, (3)		78,569
	1,310	Viad Corporation		22,702
	1,258	Vicor Corporation		8,441
	265	VSE Corporation		6,084
	4,462	Wabash National Corporation		30,252
	425	WageWorks, Incorporated		6,031
	1,920	Watsco Inc., Class A, (3)		130,445
	1,933	Watts Water Technologies, Inc.		65,026
	2,815	Werner Enterprises, Inc., (3)		64,970
	1,349	Wesco Aircraft Holdings Inc.		18,009
	355	Willis Lease Finance Corporation		4,452
	4,515	Woodward Governor Company, (3)		151,569
	1,152	XPO Logistics, Incorporated		14,653
	1,755	Zipcar Inc, (2), (3)		18,305
		Total Industrials		10,991,792
		Information Technology – 16.1%
	3,057	3D Systems Corporation, (2), (3)		116,166
	3,558	Accelrys, Inc., (2)		28,891
	2,597	ACI Worldwide, Inc., (3)		114,294
	2,536	Active Network Inc., (2), (3)		35,986
	3,218	Actuate Corporation, (2)		20,788
	5,214	Acxiom Corporation		87,439
	4,155	ADTRAN, Inc., (3)		89,665
	2,798	Advanced Energy Industriess Inc.		34,471
	2,108	Advent Software Inc., (2), (3)		47,978
	1,275	Aeroflex Holding Corporation		7,663
	1,105	Agilysys Inc., (2)		9,602
	1,122	Alpha & Omega Semiconductor Limited, (2)		8,651
	176	Ambient Corporation, (2)		1,031
	1,531	American Software, Inc.		12,340
	6,032	Amkor Technology Inc., (3)		32,151
	4,600	Anadigics Inc.		5,842
	972	Anaren Microwave Inc.		19,508
	1,890	Ancestry.com Inc., (3)		63,258
	2,323	Angie’s List, (3)		30,199
	1,862	Anixter International Inc.		105,966
	4,070	Applied Micro Circuits Corporation, (2)		23,280
	7,952	Arris Group Inc., (2)		100,911
	7,303	Aruba Networks, Inc., (3)		103,557

74 Nuveen Investments

Shares		Description (1)	Value
		Information Technology (continued)
	6,111	Aspen Technology Inc.	$	142,875
	2,033	ATMI Inc., (2)		38,586
	395	Audience Incorporated, (3)		7,130
	2,907	AuthenTec Inc., (3)		24,419
	522	AVG Technologies NV		5,236
	4,002	Aviat Networks Inc., (2)		9,045
	1,949	Avid Technology Inc., (2)		17,950
	749	Aware Inc., (2)		4,636
	7,029	Axcelis Technologies Inc.		5,975
	2,110	AXT Inc., (2)		7,364
	968	Badger Meter Inc., (3)		32,806
	3,017	Bankrate Inc., (2), (3)		48,121
	678	Bazaarvoice Inc., (3)		10,509
	676	Bel Fuse, Inc., Class B		12,188
	3,902	Benchmark Electronics Inc., (2)		61,496
	1,154	Black Box Corporation		30,743
	2,948	Blackbaud, Inc.		79,537
	2,534	Blucora Inc.		38,644
	2,308	Bottomline Technologies, Inc.		43,829
	369	Brightcove Inc., (2)		5,465
	4,512	Brightpoint Inc.		40,473
	1,795	Broadsoft Inc., (2), (3)		44,067
	4,249	Brooks Automation Inc.		39,346
	1,539	Cabot Microelectronics Corporation, (2)		45,247
	1,686	CACI International Inc., (3)		95,175
	1,875	CalAmp Corporation		14,119
	2,564	Calix Inc., (2), (3)		11,820
	2,264	Callidus Software, Inc., (2), (3)		10,482
	736	Carbonite Inc.		7,139
	2,882	Cardtronics Inc., (2), (3)		89,371
	595	Cass Information Systems, Inc.		22,610
	3,247	Cavium Networks Inc., (2), (3)		87,734
	1,516	CEVA, Inc.		23,559
	2,640	Checkpoint Systems Inc.		20,302
	4,757	Ciber, Inc., (2)		17,839
	6,475	Ciena Corporation, (2), (3)		103,794
	4,255	Cirrus Logic Inc., (3)		156,456
	2,798	Cognex Corporation, (3)		94,572
	1,516	Coherent Inc., (2)		74,026
	1,545	Cohu Inc.		13,287
	2,917	CommVault Systems, Inc., (2), (3)		141,533
	972	Computer Task Group, Inc.		14,493
	2,276	ComScore Inc., (2)		35,050
	1,308	Comtech Telecom Corporation, (3)		35,735
	14,306	Comverse Technology, Inc.		77,682

Nuveen Investments 75

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Information Technology (continued)
	1,987	Constant Contact Inc.	$	33,322
	7,619	Convergys Corporation, (3)		112,304
	2,198	Cornerstone OnDemand Inc., (2), (3)		52,268
	1,738	CoStar Group, Inc., (2), (3)		143,437
	2,418	Cray, Inc.		30,056
	2,223	CSG Systems International Inc., (2)		39,191
	425	CSR PLC, (3)		8,296
	2,206	CTS Corporation		19,633
	1,960	Cymer, Inc., (2), (3)		112,132
	2,358	Daktronics Inc.		18,227
	996	Datalink Corporation		7,839
	2,772	DealerTrack Holdings, Inc.		80,859
	1,426	Deltek Inc., (2)		18,567
	1,956	Demand Media Inc., (2)		21,751
	426	Demandware Incorporated		10,467
	3,112	Dice Holdings Inc., (3)		23,464
	1,683	Digi International, Inc.		15,399
	464	Digimarc Corporation		11,271
	2,398	Digital River, Inc., (2)		42,660
	2,319	Diodes Inc.		43,922
	1,504	DSP Group Inc., (2)		8,693
	1,222	DTS, Inc., (2)		22,766
	7,068	Earthlink, Inc.		48,416
	1,852	Ebix, Inc., (3)		40,170
	2,479	Echelon Corporation, (2)		7,982
	1,207	Electro Rent Corporation		20,229
	1,497	Electro Scientific Industries Inc.		18,578
	3,031	Electronics For Imaging		44,313
	1,643	Ellie Mae Incorporated, (2)		33,682
	5,669	Emulex Corporation		36,678
	8,965	Entegris Inc., (2)		72,168
	5,747	Entropic Communications Inc., (2), (3)		34,482
	1,231	Envestnet Inc., (2)		15,031
	506	Envivio, Incorporated		3,031
	317	EPAM Systems Inc., (2)		5,085
	2,017	EPIQ Systems, Inc.		22,772
	259	ePlus, Inc.		8,801
	3,290	Euronet Worldwide, Inc., (3)		60,141
	637	ExactTarget Inc., (2), (3)		14,524
	2,107	Exar Corporation		15,592
	1,526	Exlservice Holdings, Inc., (3)		37,616
	6,149	Extreme Networks Inc., (2)		19,677
	1,440	Fabrinet, (2), (3)		19,123
	2,294	Fair Isaac Corporation		99,307
	2,067	Falconstore Software, Inc.		4,175

76 Nuveen Investments

Shares		Description (1)	Value
		Information Technology (continued)
	1,105	FARO Technologies, Inc.	$	47,548
	2,486	FEI Company, (3)		118,607
	5,962	Finisar Corporation, (2), (3)		74,108
	3,933	First Solar Inc., (2), (3)		61,119
	3,255	FormFactor Inc.		19,921
	851	Forrester Research, Inc., (3)		24,288
	2,560	FSI International, Inc.		9,267
	4,295	Global Cash Access Holdings, Inc.		27,746
	1,505	Globecom Systems, Inc., (2)		15,321
	3,531	Glu Mobile, Inc., (3)		16,949
	1,905	GSI Group, Inc., (2)		19,622
	1,296	GSI Technology Inc., (2)		6,208
	8,089	GT Advanced Technologies, Inc., (2)		41,416
	934	Guidance Software, Inc.		9,209
	1,265	Guidewire Software Incorporated, (2), (3)		32,460
	1,604	Hackett Group, Inc.		7,555
	7,679	Harmonic Inc.		32,559
	2,477	Heartland Payment Systems Inc.		78,521
	2,100	Higher One Holdings Incn, (2)		23,289
	2,014	Hittite Microwave Corporation, (2), (3)		102,049
	2,099	IGATE Corporation, (2), (3)		33,374
	2,018	Imation Corporation, (2), (3)		11,240
	1,833	Immersion Corporation		10,246
	636	Imperva Incorporated, (2), (3)		16,790
	7,166	Infinera Corporation, (2), (3)		39,556
	507	Infoblox, Incorporated, (3)		10,652
	1,449	Innodata Isogen, Inc.		5,564
	1,527	Inphi Corporation, (2), (3)		16,797
	2,900	Insight Enterprises Inc., (2)		48,604
	9,521	Integrated Device Technology, Inc., (2), (3)		47,986
	1,783	Integrated Silicon Solution, (2)		17,349
	916	Interactive Intelligence Group, (2)		23,889
	2,915	Interdigital Inc., (3)		79,580
	3,917	Intermec Inc		23,580
	904	Intermolecular Inc, (2)		6,021
	3,358	Internap Network Services Corporation, (2)		21,626
	4,518	International Rectifier Corporation, (2), (3)		76,987
	8,323	Intersil Holding Corporation, Class A, (3)		76,655
	1,519	Intevac, Inc.		8,917
	2,381	Intralinks Holdings Inc., (2)		10,381
	2,378	InvenSense Incorporated, (2), (3)		30,676
	3,391	IPass, Inc., (2)		7,731
	2,754	IXIA, (2), (3)		42,687
	1,552	IXYS Corporation, (2), (3)		15,675
	2,778	J2 Global Inc., (3)		83,146

Nuveen Investments 77

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Information Technology (continued)
	2,780	JDA Software Group, (2)	$	82,232
	1,057	Jive Software Inc., (2), (3)		21,172
	2,931	Kemet Corporation		14,157
	1,786	Kenexa Corporation, (3)		42,525
	683	Key Tronic Corporation		5,068
	1,026	Keynote Systems, Inc.		14,108
	3,590	KIT Digital Inc., (3)		11,488
	4,359	Kopin Corporation		15,823
	955	KVH Industries, Inc.		12,463
	7,568	Lattice Semiconductor Corporation		28,077
	1,099	Lecroy Corporation, (2)		15,705
	4,072	Limelight Networks Inc., (2), (3)		11,320
	3,958	Lionbridge Technologies, Inc.		12,191
	1,539	Liquidity Services, Inc., (2), (3)		70,363
	1,415	Littelfuse Inc.		75,901
	3,594	Liveperson, Inc.		67,208
	1,442	LogMeIn Inc., (2), (3)		27,326
	717	Loral Space & Communications, Inc.		51,588
	3,178	LTX_Credence Corporation		18,623
	396	MA-COM Technology Solutions Holdings Incorporated		7,005
	1,312	Manhattan Associates Inc., (2)		61,257
	1,498	ManTech International Corporation, Class A, (3)		32,851
	1,480	Marchex, Inc.		5,136
	1,440	Market Leader, Inc., (2)		7,690
	664	Mattersight Corporation		5,159
	3,818	Mattson Technology, Inc., (2), (3)		3,360
	2,229	Maximus Inc.		112,565
	1,447	Maxlinear Inc., (2)		6,830
	1,902	Maxwell Technologies, Inc., (3)		12,382
	986	Measurement Specialties, Inc.		29,363
	1,208	MeetMe Incorporated, (3)		1,993
	15,074	MEMC Electronic Materials, (2), (3)		28,942
	6,186	Mentor Graphics Corporation, (2)		94,522
	2,021	Mercury Computer Systems Inc.		23,585
	169	Mesa Laboratories, Inc.		7,825
	2,373	Methode Electronics, Inc.		20,882
	3,239	Micrel, Incorporated		30,252
	5,802	Microsemi Corporation		112,327
	556	Microstrategy Inc.		64,752
	745	Millennial Media Incorporated		7,398
	2,360	Mindspeed Technologies, Inc.		5,570
	3,375	MIPS Technologies, Inc., (3)		20,756
	3,432	MKS Instruments Inc., (3)		90,605
	2,813	ModusLink Global Solutions Inc., (2)		9,620
	1,402	Moneygram International Inc., (2)		21,815

78 Nuveen Investments

Shares		Description (1)	Value
		Information Technology (continued)
	1,925	Monolithic Power Systems, Inc.	$	37,307
	2,390	Monotype Imaging Holdings Inc., (2)		35,085
	7,918	Monster Worldwide Inc., (3)		57,406
	2,097	MoSys, Inc.		6,773
	2,550	Move, Inc., (2)		23,486
	1,049	MTS Systems Corporation		45,600
	581	Multi Fineline Electronix, Inc., (2)		15,205
	1,533	Nanometrics Inc.		23,286
	1,468	Neonode Incorporated, (3)		7,413
	1,277	NeoPhotonics Corporation, (2)		6,334
	2,481	Netgear, Inc., (2), (3)		85,917
	2,400	NetScout Systems, Inc., (2)		56,064
	2,495	Newport Corporation		28,069
	4,111	NIC, Incorporated, (2)		55,334
	653	Numerex Corporation, (2)		6,210
	306	NVE Corporation, (3)		16,928
	4,772	Oclaro Inc., (2)		13,362
	4,397	OCZ Technology Group Inc., (2), (3)		27,569
	3,359	Omnivision Technologies, Inc., (3)		47,093
	1,513	Open Solutions Inc., (2), (3)		55,013
	1,255	Oplink Communications, Inc., (2)		16,641
	976	OPNET Technologies, Inc., (3)		25,805
	1,296	OSI Systems Inc.		83,644
	7,809	Parametric Technology Corporation		168,206
	1,331	Park Electrochemical Corporation		35,950
	4,955	Parkervision, Inc., (3)		12,437
	597	PC Connection, Inc., (2)		7,098
	1,206	PCTEL, Inc.		7,429
	1,576	PDF Solutions, Inc.		14,673
	1,122	Pegasystems, Inc., (3)		31,169
	2,086	Perficient, Inc., (2)		27,723
	1,608	Pericom Semiconductor Corporation		12,928
	864	Pervasive Software, Inc.		5,841
	3,943	Photronics Inc., (2), (3)		23,067
	2,795	Plantronics Inc., (3)		91,732
	2,284	Plexus Corporation		65,596
	2,861	PLX Technologies Inc.		16,193
	1,778	Power Integrations Inc.		62,657
	4,374	Power One Inc, (2)		21,870
	1,367	PRG-Schultz International Inc., (2)		10,389
	1,258	Procera Networks Inc., (2)		32,054
	4,021	Progress Software Corporation		78,168
	413	Proofpoint, Incorporated		5,708
	1,427	PROS Holdings, Inc., (2)		19,892
	422	QAD Inc, Class A, (2)		5,887

Nuveen Investments 79

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Information Technology (continued)
	5,575	QLIK Technologies Inc., (2)	$	111,500
	6,364	QLogic Corporation		73,441
	15,301	Quantum Corporation		22,645
	3,646	Quest Software Inc., (2)		101,869
	2,876	Quicklogic Corporation, (2), (3)		6,874
	2,135	QuinStreet, Inc., (2)		19,364
	1,494	Radisys Corporation		5,095
	7,210	Rambus Inc., (3)		30,282
	2,872	RealD Inc., (2)		27,858
	1,355	RealNetworks Inc., (2)		10,515
	2,341	RealPage Inc., (2), (3)		52,017
	2,333	Responsys Inc.		26,013
	18,164	RF Micro Devices, Inc., (3)		70,476
	858	Richardson Electronics Limited		10,511
	1,864	Rofin Sinar Technologies Inc.		33,794
	1,026	Rogers Corporation		36,782
	705	Rosetta Stone Inc.		9,186
	1,127	Rubicon Technology Inc., (2), (3)		11,326
	2,099	Rudolph Technologies, (2)		20,990
	1,947	Saba Software, Inc.		16,238
	5,322	Sanmina-SCI Corporation		45,450
	891	Sapiens International Corporation NV		3,136
	8,044	Sapient Corporation, (3)		80,118
	1,801	ScanSource, Inc.		51,995
	1,167	SciQuest Inc., (2)		19,862
	1,866	SeaChange International, Inc.		14,126
	4,192	Semtech Corporation, (3)		100,147
	3,242	ServiceSource International Inc., (2)		36,570
	3,149	ShoreTel, Inc., (3)		14,737
	2,043	Sigma Designs, Inc.		13,892
	2,086	Silicon Graphics International Corporation, (2), (3)		13,872
	5,437	Silicon Image, Inc., (2), (3)		21,313
	13,893	Sonus Networks, Inc.		23,062
	1,931	Sourcefire Inc., (2)		98,578
	3,233	Spansion Inc., Class A, (2)		33,138
	750	Spark Networks, Incorporated		4,343
	692	SPS Commerce Inc., (2), (3)		22,386
	2,213	SS&C Technologies Holdings Inc., (2)		53,776
	925	Stamps.com Inc.		19,564
	1,505	Standard Microsystems Corporation		55,550
	2,363	STEC Inc.		19,069
	1,942	STR Holdings Inc., (2)		6,486
	1,390	Stratasys, Inc., (3)		85,179
	2,597	SunPower Corporation, (2), (3)		10,180
	1,902	Super Micro Computer Inc., (2)		23,604

80 Nuveen Investments

Shares		Description (1)	Value
		Information Technology (continued)
	616	Supertex Inc.	$	10,466
	3,181	support.com, Inc., (2)		9,066
	1,284	Sycamore Networks, Inc.		18,297
	2,779	Symmetricom Inc.		16,646
	440	Synacor Inc., (3)		4,281
	2,200	Synaptics, Inc., (2)		58,036
	1,805	Synchronoss Technologies, Inc., (2), (3)		34,512
	1,717	SYNNEX Corporation, (2)		58,086
	989	Syntel Inc.		57,491
	5,106	Take-Two Interactive Software, Inc.		44,831
	1,948	Tangoe Inc., (2)		37,382
	938	TechTarget Inc., (2)		3,855
	1,059	TeleNav Inc.		6,110
	1,629	TeleTech Holdings, Inc.		26,813
	23,916	Tellabs Inc.		78,684
	1,082	Telular Corporation		10,203
	352	Tessco Technologies Inc.		6,600
	3,390	Tessera Technologies Inc.		48,986
	8,144	TiVo, Inc., (2)		70,771
	1,637	TNS Inc.		27,714
	466	Travelzoo Inc., (2)		10,070
	11,006	TriQuint Semiconductor, Inc., (2)		62,074
	3,472	TTM Technologies, Inc., (2), (3)		37,984
	1,909	Tyler Technologies Inc.		74,489
	684	Ubiquiti Networks Inc., (2), (3)		9,672
	1,739	Ultimate Software Group, Inc., (2), (3)		155,588
	1,521	Ultra Clean Holdings, Inc., (2)		9,187
	1,711	Ultratech Stepper Inc.		54,427
	2,862	Unisys Corporation, (3)		55,609
	5,696	United Online, Inc.		24,151
	2,594	Universal Display Corporation, (2), (3)		82,385
	5,667	Unwired Planet Inc,, (2)		11,107
	5,270	ValueClick, Inc., (2)		82,792
	1,840	Vasco Data Security International, Inc., (2)		17,020
	2,617	Veeco Instruments Inc., (3)		93,453
	1,424	Verint Systems Inc., (2)		39,744
	2,450	ViaSat, Inc., (2), (3)		93,835
	252	Viasystems Group Inc., (2)		3,881
	2,741	VirnetX Holding Corporation, (2), (3)		64,852
	1,216	Virtusa Corporation, (2)		18,422
	791	Vishay Precision Group Inc., (2)		10,758
	2,416	VistaPrint NV, (2), (3)		83,352
	1,348	Vocus, Inc., (2), (3)		23,320
	1,578	Volterra Semiconductor Corporation		36,262
	2,290	Web.com, Inc., (2)		35,495

Nuveen Investments 81

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Information Technology (continued)
	3,309	WebMD Health Corporation, Class A, (2), (3)	$	48,675
	2,422	Websense Inc.		36,354
	3,411	Westell Technologies Inc., Class A		7,470
	2,482	Wright Express Corporation, (2), (3)		159,791
	1,841	XO Group, Incorporated		15,851
	550	Yelp Incorporated, (3)		10,978
	4,266	Zix Corporation, (2)		10,409
	1,064	Zygo Corporation		19,024
		Total Information Technology		12,781,881
		Materials – 4.3%
	1,982	A Schulman, Inc.		43,327
	588	Ada-ES, Inc., (3)		13,324
	276	AEP Industries, Inc.		12,966
	7,220	AK Steel Holding Corporation, (3)		38,410
	1,074	AM Castle & Company, (3)		7,829
	1,648	AMCOL International Corp.		50,594
	1,818	American Vanguard Corp.		42,523
	1,871	Apex Silver Mines Limited, (3)		7,896
	1,304	Arabian American Development Company, (3)		12,388
	1,912	Balchem Corporation		63,727
	6,563	Boise Inc., (2)		48,566
	2,573	Buckeye Technologies Inc.		77,499
	3,718	Calgon Carbon Corporation		51,457
	3,361	Century Aluminum Company		20,536
	412	Chase Corporation		6,370
	6,444	Chemtura Corporation		87,123
	1,527	Clearwater Paper Corporation, (2)		53,811
	5,752	Coeur d’Alene Mines Corporation		93,815
	711	Deltic Timber Corporation, (3)		43,947
	2,957	Eagle Materials Inc., (3)		102,756
	5,654	Ferro Corporation		17,358
	3,231	Flotek Industries Inc., (3)		31,567
	1,260	FutureFuel Corporation, (3)		12,260
	4,332	General Moly, Inc., (3)		12,909
	2,237	Georgia Gulf Corporation		73,329
	2,803	Glatfelter, (3)		44,596
	4,050	Globe Specialty Metals Inc.		50,747
	3,418	Gold Reserve Inc., Class A, (2), (3)		11,416
	1,950	Gold Resource Corp., (3)		34,964
	16,612	Golden Star Resources Ltd, (2), (3)		19,602
	10,937	Graphic Packaging Holding Company, (3)		61,247
	517	GSE Holdings Inc., (2)		5,366
	3,259	H.B. Fuller Company, (3)		95,228
	376	Handy & Harman Limited		5,035
	598	Hawkins Inc		22,748

82 Nuveen Investments

Shares		Description (1)	Value
		Materials (continued)
	802	Haynes International Inc.	$	38,648
	3,989	Headwater Inc., (2)		24,931
	18,633	Hecla Mining Company, (3)		83,849
	2,861	Horsehead Holding Corp.		25,835
	1,424	Innophos Holdings, Inc.		82,549
	1,523	Innospec, Inc., (2)		47,396
	1,260	Kaiser Aluminum Corporation		68,720
	2,639	KapStone Paper and Packaging Corp., (2)		44,362
	509	KMG Chemicals, Inc.		9,101
	1,356	Koppers Holdings Inc.		44,667
	2,106	Kraton Performance Polymers Inc., (2)		49,323
	1,695	Landec Corporation		13,543
	8,981	Louisiana-Pacific Corporation		92,684
	1,225	LSB Industries Inc.		39,359
	1,312	Materion Corporation		25,755
	12,877	McEwen Mining Inc., (2), (3)		38,502
	745	Metals USA Holdings Corporation, (2), (3)		12,121
	8,311	Midway Gold Corporation, (3)		10,306
	1,173	Minerals Technologies Inc., (3)		75,002
	2,188	Myers Industries, Inc.		35,971
	1,034	Neenah Paper, Inc.		27,773
	2,176	Noranda Aluminum Hodlings Corporation		13,556
	5,230	Olin Corporation		105,855
	587	Olympic Steel Inc.		9,187
	2,115	OM Group Inc.		33,206
	3,017	OMNOVA Solutions Inc.		21,964
	8,529	Paramount Gold and Silver Corporation, (2), (3)		19,361
	6,001	PolyOne Corporation		88,395
	845	Quaker Chemical Corporation		37,408
	5,290	Resolute Forest Products, (3)		48,562
	1,609	Revett Minerals Incorporated		5,101
	1,979	RTI International Metals, Inc., (2), (3)		44,429
	1,648	Schnitzer Steel Industries, Inc.		47,314
	1,035	Schweitzer-Mauduit International Inc.		70,484
	3,216	Sensient Technologies Corporation		114,007
	1,983	Sparetech Corporation		10,093
	548	Stepan Company		48,586
	7,559	Stillwater Mining Company, (2)		67,124
	4,539	SunCoke Energy Inc., (2)		72,624
	1,463	Texas Industries Inc.		61,110
	853	TPC Group Inc., (2)		32,841
	1,577	Tredegar Corporation		23,355
	358	UFP Technologies, Inc.		5,860
	3,510	United States Antimony Corporation, (3)		9,898
	166	United States Lime & Minerals, Inc.		7,568

Nuveen Investments 83

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Materials (continued)
	456	Universal Stainless & Alloy Products, Inc.	$	15,559
	756	US Silica Holdings Inc., (2)		7,825
	4,565	Vista Gold Corporation, (3)		13,786
	3,159	Wausau Paper Corp.		26,820
	3,453	Worthington Industries, Inc.		74,930
	1,410	Zep Inc.		21,517
	1,784	Zoltek Companies, Inc., (2)		14,879
		Total Materials		3,440,837
		Telecommunication Services – 0.7%
	4,617	8X8, Inc.		25,255
	603	Atlantic Tele-Network, Inc.		21,081
	1,032	Boingo Wireless Inc., (2)		8,865
	1,795	Cbeyond Inc.		12,798
	12,773	Cincinnati Bell Inc., (3)		49,176
	2,954	Cogent Communications Group, Inc., (2), (3)		54,560
	2,353	Consolidated Communications Holdings, Inc., (3)		37,319
	1,386	FairPoint Communications Inc., (2), (3)		8,468
	2,663	General Communication, Inc.		25,139
	670	Hawaiian Telcom Holdco Inc., (3)		12,060
	858	Hickory Tech Corporation		9,155
	988	IDT Corporation		9,999
	1,971	inContact, Inc., (2), (3)		10,131
	3,247	Iridium Communications Inc., (2), (3)		29,418
	3,697	Leap Wireless International, Inc., (3)		20,999
	966	Lumos Networks Corporation		8,655
	2,019	Neutral Tandem Inc., (2)		27,580
	966	NTELOS Holdings Corporation		20,479
	2,335	Orbcomm, Inc., (2)		7,262
	3,356	Premiere Global Services, Inc.		30,741
	795	Primus Telecommunications Group Inc., (3)		12,585
	1,557	Shenandoah Telecommunications Company		24,523
	3,101	TowerStream Corporation, (3)		12,311
	1,420	USA Mobility Inc.		15,819
	985	VocalTec Communications Limited, (3)		21,877
	10,393	Vonage Holdings Corporation, (2)		18,603
		Total Telecommunication Services		534,858
		Utilities – 3.5%
	2,490	ALLETE Inc		103,235
	1,591	American DG Energy Inc.		3,166
	1,182	American States Water Co		48,048
	487	Artesian Resources Corporation		10,480
	7,427	Atlantic Power Corporation		102,344
	3,831	Avista Corporation		106,042
	2,880	Black Hills Corporation		91,728
	847	Cadiz, Inc., (3)		6,014

84 Nuveen Investments

Shares		Description (1)	Value
		Utilities (continued)
	2,683	California Water Service Group	$	49,555
	999	CH Energy Group Inc.		64,965
	614	Chesapeake Utilities Corporation		28,084
	3,980	Cleco Corporation, (3)		174,165
	566	Connecticut Water Service, Inc., (3)		17,110
	935	Consolidated Water Company, Limited		7,667
	444	Delta Natural Gas Company, Inc.		9,013
	2,706	El Paso Electric Company, (3)		91,598
	2,685	Empire District Electric Company		57,728
	988	Genie Energy Limited, Class B Shares		6,975
	50,474	GenOn Energy Inc., (2), (3)		120,128
	3,185	IDACORP, INC		134,407
	1,458	Laclede Group Inc.		60,915
	1,485	MGE Energy, Inc.		71,191
	1,001	Middlesex Water Company		18,719
	2,623	New Jersey Resources Corporation		120,396
	1,713	Northwest Natural Gas Company, (3)		83,406
	2,376	Northwestern Corporation, (3)		87,746
	1,153	Ormat Technologies Inc., (3)		20,754
	2,316	Otter Tail Power Corporation, (3)		54,357
	4,612	Piedmont Natural Gas Company, (3)		146,569
	5,117	PNM Resources Inc., (3)		106,434
	4,839	Portland General Electric Company		131,766
	905	SJW Corporation		21,114
	1,924	South Jersey Industries Inc., (3)		101,703
	3,012	Southwest Gas Corporation, (3)		134,516
	3,246	UIL Holdings Corporation, (3)		120,232
	898	Unitil Corp.		23,851
	2,627	UNS Energy Corporation		106,919
	3,291	WGL Holdings Inc.		133,121
	817	York Water Company		14,731
		Total Utilities		2,790,892
		Total Common Stocks (cost $63,447,784)		73,830,408
Shares		Description (1)	Value
		RIGHTS – 0.0%
	692	Clinical Data, Inc., (4)	$	—
	1,493	Gerber Scientific, (4)		—
	631	Hampton Roads Bankshares Inc., (4)		178
		Total Rights (cost $4,970)		178
Shares		Description (1)	Value
		WARRANTS – 0.0%
	644	Magnum Hunter Resources Warrants, (4)	$	121
		Total Warrants (cost $0)		121

Nuveen Investments 85

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

Shares		Description (1)								Value
		INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 38.4%
		Money Market Funds – 38.4%
	30,485,948	Mount Vernon Securities Lending Prime Portfolio, 0.270%, (5), (6)								$	30,485,948
		Total Investments Purchased with Collateral from Securities Lending (cost $30,485,948)									30,485,948
Shares/ Principal Amount (000)		Description (1)	Coupon			Maturity		Ratings (7)		Value
		SHORT-TERM INVESTMENTS – 7.7%
		Money Market Funds – 6.9%
	5,432,259	First American Treasury Obligations Fund, Class Z		0.000%	(5)		N/A		N/A	$	5,432,259
		U.S. Government and Agency Obligations – 0.8%
$	620	U.S. Treasury Bill, (8)		0.063%			9/20/12		Aaa		619,940
		Total Short-Term Investments (cost $6,052,198)									6,052,199
		Total Investments (cost $99,990,900) – 139.2%									110,368,854
		Other Assets Less Liabilities – (39.2)% (9)									(31,060,622)
		Net Assets – 100%								$	79,308,232

Investments in Derivatives at July 31, 2012

Futures Contracts outstanding:

Type	Contract Position		Number of Contracts		Contract Expiration		Value		Unrealized Appreciation (Depreciation)
Russell 2000 Mini Index		Long		71		9/12	$	5,570,660	$	105,156

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	73,830,408	$	—	$	—	$	73,830,408
Rights		—		—		178		178
Warrants		—		—		121		121
Investments Purchased with Collateral from Securities Lending		30,485,948		—		—		30,485,948
Short-Term Investments:
Money Market Funds		5,432,259		—		—		5,432,259
U.S. Government & Agency Obligations		—		619,940		—		619,940
Derivatives:
Futures Contracts*		105,156		—		—		105,156
Total	$	109,853,771	$	619,940	$	299	$	110,474,010

* Represents net unrealized appreciation (depreciation) as reported in the Fund’s Portfolio of Investments.

86 Nuveen Investments

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Derivative Instruments and Hedging Activities

The Fund records derivative instruments at fair value, with changes in fair value recognized on the Statement of Operations, when applicable. Even though the Fund’s investments in derivatives may represent economic hedges, they are not considered to be hedge transactions for financial reporting purposes.

The following tables presents the fair value of all derivative instruments held by the Fund as of July 31, 2012, the location of these instruments on the Statement of Assets and Liabilities, and the primary underlying risk exposure.

		Location on the Statements of Assets and Liabilities
Underlying Risk Exposure	Derivative Instrument	Asset Derivatives			Liability Derivatives
		Location	Value		Location	Value
Equity	Futures Contracts	Payable for variation margin on futures contracts*	$	105,156	—	$	—

* Value represents unrealized appreciation (depreciation) of futures contracts as reported in the Fund’s Portfolio of Investments and not the deposits with brokers, if any, or the receivable or payable for variation margin on futures contracts presented on the Statement of Assets and Liabilities.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments (excluding investments in derivatives) was $100,372,626.

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	19,588,870
Depreciation		(9,592,642	)
Net unrealized appreciation (depreciation) of investments	$	9,996,228

Nuveen Investments 87

Portfolio of Investments (Unaudited)

Nuveen Small Cap Index Fund (continued)

July 31, 2012

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by the Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

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

(3) Investment, or a portion of investment, is out on loan for securities lending.

(4) Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board of Directors. For fair value measurement disclosure purposes, investment categorized as Level 3.

(5) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(6) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker-dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.

(7) Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.

(8) Investment, or portion of investment, segregated as collateral for investments in derivatives.

(9) Other Assets Less Liabilities includes the Unrealized Appreciation (Depreciation) of derivative instruments as noted within Investments in Derivatives at July 31, 2012.

N/A Not applicable

REIT Real Estate Investment Trust

88 Nuveen Investments

Portfolio of Investments (Unaudited)

Nuveen Dividend Value Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 98.3%
		Consumer Discretionary – 10.7%
	453,400	Best Buy Co., Inc., (2)	$	8,202,006
	495,357	Carnival Corporation, ADR, (2)		16,485,481
	752,606	Cinemark Holdings Inc., (2)		17,595,928
	346,439	Hasbro, Inc.		12,409,445
	333,410	Home Depot, Inc., (2)		17,397,334
	193,757	McDonald’s Corporation		17,314,126
	338,895	Starbucks Corporation		15,345,166
	149,027	Whirlpool Corporation, (2)		10,068,264
	241,064	YUM! Brands, Inc.		15,630,590
		Total Consumer Discretionary		130,448,340
		Consumer Staples – 7.6%
	400,947	Altria Group, Inc.		14,422,064
	292,010	ConAgra Foods, Inc.		7,209,727
	176,658	Kimberly-Clark Corporation		15,353,347
	461,548	Kraft Foods Inc., Class A, (2)		18,328,071
	237,678	Philip Morris International		21,733,276
	437,369	Unilever PLC, ADR		15,154,836
		Total Consumer Staples		92,201,321
		Energy – 15.2%
	294,188	Anadarko Petroleum Corporation		20,428,415
	341,557	Chevron Corporation, (2)		37,427,816
	160,743	ConocoPhillips		8,750,849
	153,387	Devon Energy Corporation		9,068,239
	343,280	Enbridge Energy Partners LP, (2)		10,246,908
	377,892	Exterran Partners, L.P, (2)		8,313,624
	397,700	Exxon Mobil Corporation		34,540,245
	172,991	Occidental Petroleum Corporation		15,055,407
	80,371	Phillips 66		3,021,950
	359,916	Royal Dutch Shell PLC, Class A, (2)		24,546,271
	187,685	Schlumberger Limited		13,374,433
		Total Energy		184,774,157
		Financials – 17.1%
	412,400	AFLAC Incorporated, (2)		18,054,872
	651,157	Annaly Capital Management Inc., (2)		11,349,667
	283,743	BankUnited Inc.		6,911,979
	332,392	Capital One Financial Corporation		18,776,824
	625,468	Citigroup Inc.		16,968,947
	216,504	Community Bank System Inc., (2)		5,956,025
	843,161	Fifth Third Bancorp.		11,652,485
	45,024	Goldman Sachs Group, Inc.		4,542,922
	383,456	JP Morgan Chase & Co.		13,804,416
	166,130	Liberty Property Trust		6,028,858
	111,498	Mid-America Apartment Communities		7,719,007
	199,852	National Retail Properties, Inc.		5,895,634

Nuveen Investments 89

Portfolio of Investments (Unaudited)

Nuveen Dividend Value Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Financials (continued)
	781,037	Old Republic International Corporation	$	6,295,158
	92,058	PNC Financial Services Group, Inc.		5,440,628
	354,100	Prudential Financial, Inc., (2)		17,095,948
	738,051	Redwood Trust Inc., (2)		9,513,477
	511,481	SLM Corporation, (2)		8,178,581
	456,508	State Street Corporation		18,433,793
	101,264	Ventas Inc., (2)		6,810,004
	232,144	Wintrust Financial Corporation, (2)		8,522,006
		Total Financials		207,951,231
		Health Care – 12.7%
	340,612	Abbott Laboratories		22,585,982
	390,092	Bristol-Myers Squibb Company, (2)		13,887,275
	237,251	Covidien PLC		13,257,586
	282,652	GlaxoSmithKline PLC		13,001,992
	283,493	Johnson & Johnson, (2)		19,623,385
	504,228	Merck & Company Inc.		22,271,751
	1,508,878	Pfizer Inc.		36,273,427
	275,586	UnitedHealth Group Incorporated		14,079,689
		Total Health Care		154,981,087
		Industrials – 8.5%
	132,011	3M Co., (2)		12,043,364
	129,627	Boeing Company		9,580,732
	179,433	Emerson Electric Company, (2)		8,571,514
	124,909	General Dynamics Corporation, (2)		7,924,227
	1,326,279	General Electric Company		27,520,289
	240,752	Ingersoll Rand Company Limited, Class A		10,210,292
	146,548	United Parcel Service, Inc., Class B		11,080,494
	212,846	United Technologies Corporation		15,844,256
		Total Industrials		102,775,168
		Information Technology – 11.4%
	85,906	Automatic Data Processing, Inc., (2)		4,857,984
	789,389	Intel Corporation		20,287,297
	14,665	MasterCard, Inc.		6,402,299
	505,012	Maxim Integrated Products, Inc.		13,751,477
	577,178	Microsoft Corporation		17,009,436
	450,079	Molex Inc.		9,307,634
	389,440	Oracle Corporation		11,761,088
	241,724	QUALCOMM, Inc.		14,426,088
	871,416	Seagate Technology, (2)		26,159,908
	306,895	Texas Instruments Incorporated		8,359,820
	50,407	Visa Inc., (2)		6,506,031
		Total Information Technology		138,829,062
		Materials – 5.2%
	396,120	Dow Chemical Company, (2)		11,400,334
	253,594	E.I. Du Pont de Nemours and Company, (2)		12,603,622

90 Nuveen Investments

Shares		Description (1)	Value
		Materials (continued)
	287,926	Potash Corporation of Saskatchewan	$	12,714,812
	140,993	PPG Industries, Inc.		15,433,094
	103,445	Praxair, Inc.		10,733,453
		Total Materials		62,885,315
		Telecommunication Services – 5.9%
	420,661	CenturyLink Inc., (2)		17,474,258
	912,137	Verizon Communications Inc.		41,173,864
	1,316,285	Windstream Corporation, (2)		13,110,199
		Total Telecommunication Services		71,758,321
		Utilities – 4.0%
	561,481	CenterPoint Energy, Inc.		11,824,790
	188,599	Pinnacle West Capital Corporation		10,097,590
	458,634	PPL Corporation, (2)		13,254,523
	448,055	Westar Energy Inc.		13,692,559
		Total Utilities		48,869,462
		Total Common Stocks (cost $893,581,000)		1,195,473,464
Shares		Description (1)	Value
		INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 23.3%
		Money Market Funds – 23.3%
	283,734,002	Mount Vernon Securities Lending Prime Portfolio, 0.270% (3), (4)	$	283,734,002
		Total Investments Purchased with Collateral from Securities Lending (cost $283,734,002)		283,734,002
Shares		Description (1)	Value
		SHORT-TERM INVESTMENTS – 1.7%
		Money Market Funds – 1.7%
	20,326,115	First American Treasury Obligations Fund, Class Z, 0.000%, (3)	$	20,326,115
		Total Short-Term Investments (cost $20,326,115)		20,326,115
		Total Investments (cost $1,197,641,117) – 123.3%		1,499,533,581
		Other Assets Less Liabilities – (23.3)%		(283,059,355)
		Net Assets – 100%	$	1,216,474,226

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

Nuveen Investments 91

Portfolio of Investments (Unaudited)

Nuveen Dividend Value Fund (continued)

July 31, 2012

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	1,195,473,464	$	—	$	—	$	1,195,473,464
Investments Purchased with Collateral from Securities Lending		283,734,002		—		—		283,734,002
Short-Term Investments:
Money Market Funds		20,326,115		—		—		20,326,115
Total	$	1,499,533,581	$	—	$	—	$	1,499,533,581

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments was $1,197,978,388.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	313,018,368
Depreciation		(11,463,175	)
Net unrealized appreciation (depreciation) of investments	$	301,555,193

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

(2) Investment, or a portion of investment, is out on loan for securities lending.

(3) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(4) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker-dealers, banks and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.

ADR American Depositary Receipt.

92 Nuveen Investments

Portfolio of Investments (Unaudited)

Nuveen Large Cap Value Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 99.7%
		Consumer Discretionary – 10.2%
	71,823	Best Buy Co., Inc., (2)	$	1,299,278
	61,355	Carnival Corporation, ADR, (2)		2,041,894
	65,787	CBS Corporation, Class B		2,201,233
	82,137	Comcast Corporation, Class A, (2)		2,673,559
	42,535	Hasbro, Inc., (2)		1,523,604
	147,278	Interpublic Group Companies, Inc.		1,453,634
	96,768	Staples, Inc., (2)		1,232,824
	23,657	Whirlpool Corporation, (2)		1,598,267
		Total Consumer Discretionary		14,024,293
		Consumer Staples – 5.5%
	65,510	CVS Caremark Corporation		2,964,328
	30,351	Philip Morris International		2,775,295
	54,301	Unilever PLC, ADR		1,881,530
		Total Consumer Staples		7,621,153
		Energy – 13.4%
	31,704	Anadarko Petroleum Corporation		2,201,526
	21,418	Chevron Corporation, (2)		2,346,984
	40,631	Ensco PLC		2,207,482
	37,816	Marathon Oil Corporation		1,000,990
	34,149	National-Oilwell Varco Inc.		2,468,973
	18,101	Occidental Petroleum Corporation		1,575,330
	20,222	Pioneer Natural Resources Company, (2)		1,792,276
	29,529	Royal Dutch Shell PLC, Class A, (2)		2,013,878
	92,993	Williams Companies, Inc., (2)		2,956,247
		Total Energy		18,563,686
		Financials – 24.3%
	41,988	Ace Limited		3,086,118
	49,256	Ameriprise Financial, Inc.		2,547,520
	72,883	Citigroup Inc.		1,977,316
	101,661	Fifth Third Bancorp.		1,404,955
	27,594	Goldman Sachs Group, Inc.		2,784,235
	75,312	JP Morgan Chase & Co.		2,711,232
	136,570	KeyCorp.		1,089,829
	11,844	Liberty Property Trust, (2)		429,819
	70,258	Lincoln National Corporation, (2)		1,408,673
	65,330	Marsh & McLennan Companies, Inc.		2,169,609
	25,939	National Retail Properties, Inc., (2)		765,201
	43,524	PNC Financial Services Group, Inc.		2,572,268
	51,773	Prudential Financial, Inc.		2,499,600
	59,866	SLM Corporation, (2)		957,257
	53,754	State Street Corporation		2,170,587
	52,149	SunTrust Banks, Inc., (2)		1,233,324
	80,755	Wells Fargo & Company		2,730,327
	26,374	Wintrust Financial Corporation, (2)		968,190
		Total Financials		33,506,060

Nuveen Investments 93

Portfolio of Investments (Unaudited)

Nuveen Large Cap Value Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Health Care – 14.8%
	40,498	Agilent Technologies, Inc.	$	1,550,668
	54,520	Covidien PLC		3,046,578
	34,809	GlaxoSmithKline PLC		1,601,214
	17,101	Humana Inc.		1,053,422
	15,869	McKesson HBOC Inc.		1,439,794
	98,289	Merck & Company Inc.		4,341,425
	215,088	Pfizer Inc.		5,170,716
	44,211	UnitedHealth Group Incorporated		2,258,740
		Total Health Care		20,462,557
		Industrials – 7.9%
	15,409	Boeing Company		1,138,879
	47,631	Emerson Electric Company, (2)		2,275,333
	131,138	General Electric Company, (2)		2,721,114
	64,643	Ingersoll Rand Company Limited, Class A		2,741,510
	24,321	Republic Services, Inc.		703,607
	23,028	Tyco International Ltd.		1,265,158
		Total Industrials		10,845,601
		Information Technology – 9.0%
	115,856	Intel Corporation, (2)		2,977,499
	63,532	Maxim Integrated Products, Inc.		1,729,976
	66,198	Molex Inc.		1,368,975
	90,103	Oracle Corporation		2,721,111
	30,085	QUALCOMM, Inc.		1,795,473
	63,185	Seagate Technology, (2)		1,896,814
		Total Information Technology		12,489,848
		Materials – 3.8%
	49,139	Dow Chemical Company, (2)		1,414,220
	49,489	Potash Corporation of Saskatchewan		2,185,434
	29,112	Rock-Tenn Company, Class A, (2)		1,694,901
		Total Materials		5,294,555
		Telecommunication Services – 5.0%
	79,504	CenturyLink Inc., (2)		3,302,596
	79,642	Verizon Communications Inc.		3,595,040
		Total Telecommunication Services		6,897,636
		Utilities – 5.8%
	81,151	American Water Works Company		2,941,723
	86,112	CMS Energy Corporation, (2)		2,123,521
	53,898	Pinnacle West Capital Corporation		2,885,698
		Total Utilities		7,950,942
		Total Common Stocks (cost $135,592,288)		137,656,331
Shares		Description (1)	Value
		INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 27.2%
		Money Market Funds – 27.2%
	37,504,947	Mount Vernon Securities Lending Prime Portfolio, 0.270% (3), (4)	$	37,504,947
		Total Investments Purchased with Collateral from Securities Lending (cost $37,504,947)		37,504,947

94 Nuveen Investments

Shares		Description (1)	Value
		SHORT-TERM INVESTMENTS – 0.3%
		Money Market Funds – 0.3%
	460,105	First American Treasury Obligations Fund, Class Z, 0.000%, (3)	$	460,105
		Total Short-Term Investments (cost $460,105)		460,105
		Total Investments (cost $173,557,340) – 127.2%		175,621,383
		Other Assets Less Liabilities – (27.2)%		(37,564,754)
		Net Assets – 100%	$	138,056,629

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	137,656,331	$	—	$	—	$	137,656,331
Investments Purchased with Collateral from Securities Lending		37,504,947		—		—		37,504,947
Short-Term Investments:
Money Market Funds		460,105		—		—		460,105
Total	$	175,621,383	$	—	$	—	$	175,621,383

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

Nuveen Investments 95

Portfolio of Investments (Unaudited)

Nuveen Large Cap Value Fund (continued)

July 31, 2012

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments was $173,580,365.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	10,988,931
Depreciation		(8,947,913	)
Net unrealized appreciation (depreciation) of investments	$	2,041,018

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

(2) Investment, or a portion of investment, is out on loan for securities lending.

(3) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(4) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker-dealers, banks and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.

ADR American Depositary Receipt.

96 Nuveen Investments

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Value Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 99.3%
		Consumer Discretionary – 15.1%
	94,333	Best Buy Co., Inc., (2)	$	1,706,484
	82,224	Brunswick Corporation, (2)		1,808,106
	126,181	Cinemark Holdings Inc., (2)		2,950,112
	130,863	D.R. Horton, Inc., (2)		2,307,115
	104,776	Dana Holding Corporation, (2)		1,380,948
	98,547	Foot Locker, Inc.		3,254,022
	49,014	Hasbro, Inc.		1,755,681
	146,772	International Game Technology		1,661,459
	50,495	Jarden Corporation		2,282,374
	49,280	Macy’s, Inc.		1,766,195
	140,277	MGM Resorts International Inc., (3)		1,335,437
	134,450	Staples, Inc., (2)		1,712,893
	37,672	Whirlpool Corporation		2,545,120
		Total Consumer Discretionary		26,465,946
		Consumer Staples – 2.5%
	72,283	Constellation Brands, Inc., Class A, (3)		2,039,103
	159,334	Tyson Foods, Inc., Class A		2,391,603
		Total Consumer Staples		4,430,706
		Energy – 9.9%
	84,428	Bill Barrett Corporation, (2), (3)		1,778,054
	31,750	Cobalt International Energy, Inc., (3)		796,925
	15,456	Concho Resources Inc., (3)		1,317,624
	40,859	Ensco PLC		2,219,869
	20,900	Noble Energy, Inc.		1,827,287
	29,481	Oil States International Inc., (3)		2,143,269
	22,471	Pioneer Natural Resources Company, (2)		1,991,605
	107,895	QEP Resources Inc.		3,240,087
	72,237	Valero Energy Corporation		1,986,518
		Total Energy		17,301,238
		Financials – 28.6%
	34,650	Ameriprise Financial, Inc.		1,792,098
	274,732	CNO Financial Group Inc., (2)		2,277,528
	66,444	Comerica Incorporated, (2)		2,007,273
	143,409	Developers Diversified Realty Corporation, (2)		2,156,871
	82,142	Discover Financial Services		2,953,826
	97,813	East West Bancorp Inc.		2,132,323
	268,565	Fifth Third Bancorp.		3,711,568
	166,999	Host Hotels & Resorts Inc., (2)		2,451,545
	138,862	Invesco LTD		3,073,016
	108,415	Kimco Realty Corporation, (2)		2,113,008
	61,556	Mack-Cali Realty Corporation		1,649,085
	103,626	Marsh & McLennan Companies, Inc.		3,441,419
	399,497	MFA Mortgage Investments, Inc.		3,227,936
	28,606	Mid-America Apartment Communities, (2)		1,980,393

Nuveen Investments 97

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Value Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Financials (continued)
	25,741	SL Green Realty Corporation, (2)	$	2,027,104
	263,813	SLM Corporation, (2)		4,218,370
	117,774	SunTrust Banks, Inc., (2)		2,785,355
	114,374	Unum Group		2,160,525
	94,745	Webster Financial Corporation		1,944,167
	54,582	Wintrust Financial Corporation, (2)		2,003,705
		Total Financials		50,107,115
		Health Care – 7.3%
	48,238	Agilent Technologies, Inc.		1,847,033
	61,454	AmerisourceBergen Corporation, (2)		2,439,724
	119,285	CareFusion Corporation, (3)		2,911,747
	62,289	Endo Pharmaceuticals Holdings Inc., (3)		1,851,852
	83,215	Impax Laboratories Inc., (2), (3)		1,849,037
	108,890	Warner Chilcott Limited, (3)		1,851,130
		Total Health Care		12,750,523
		Industrials – 9.8%
	63,563	Crane Company		2,478,957
	44,047	Dover Corporation		2,399,240
	73,807	Eaton Corporation, (2)		3,235,699
	85,017	General Cable Corporation, (2)		2,221,494
	47,890	Ingersoll Rand Company Limited, Class A		2,031,015
	104,227	Spirit AeroSystems Holdings Inc.		2,449,335
	93,682	Tetra Tech, Inc., (2), (3)		2,408,564
		Total Industrials		17,224,304
		Information Technology – 10.8%
	48,604	Autodesk, Inc., (3)		1,648,648
	62,113	BMC Software, Inc., (3)		2,459,675
	86,611	Diebold Inc.		2,801,866
	82,431	Maxim Integrated Products, Inc.		2,244,596
	35,855	Motorola Solutions Inc.		1,733,231
	54,482	Plantronics Inc., (2)		1,788,099
	75,413	Semtech Corporation, (2)		1,801,617
	51,623	VeriFone Holdings Inc., (2), (3)		1,873,399
	63,121	Western Digital Corporation, (3)		2,510,322
		Total Information Technology		18,861,453
		Materials – 4.9%
	15,656	CF Industries Holdings, Inc.		3,064,819
	44,664	Cytec Industries, Inc.		2,749,516
	48,914	Rock-Tenn Company		2,847,773
		Total Materials		8,662,108
		Utilities – 10.4%
	58,636	American Water Works Company		2,125,555
	131,530	Calpine Corporation, (3)		2,247,848
	118,957	CMS Energy Corporation		2,933,480
	68,582	Edison International		3,167,117

98 Nuveen Investments

Shares		Description (1)	Value
		Utilities (continued)
	88,840	NRG Energy Inc., (2), (3)	$	1,760,809
	178,421	NV Energy Inc.		3,263,320
	52,367	Pinnacle West Capital Corporation		2,803,729
		Total Utilities		18,301,858
		Total Common Stocks (cost $172,722,094)		174,105,251
Shares		Description (1)	Value
		INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 30.9%
		Money Market Funds – 30.9%
	54,335,788	Mount Vernon Securities Lending Prime Portfolio, 0.270% (4), (5)	$	54,335,788
		Total Investments Purchased with Collateral from Securities Lending (cost $54,335,788)		54,335,788
Shares		Description (1)	Value
		SHORT-TERM INVESTMENTS – 0.8%
		Money Market Funds – 0.8%
	1,320,530	First American Treasury Obligations Fund, Class Z, 0.000%, (4)	$	1,320,530
		Total Short-Term Investments (cost $1,320,530)		1,320,530
		Total Investments (cost $228,378,412) – 131.0%		229,761,569
		Other Assets Less Liabilities – (31.0)%		(54,389,757)
		Net Assets – 100%	$	175,371,812

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	174,105,251	$	—	$	—	$	174,105,251
Investments Purchased with Collateral from Securities Lending		54,335,788		—		—		54,335,788
Short-Term Investments:
Money Market Funds		1,320,530		—		—		1,320,530
Total	$	229,761,569	$	—	$	—	$	229,761,569

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the

Nuveen Investments 99

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Value Fund (continued)

July 31, 2012

Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments was $228,375,886.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	10,389,312
Depreciation		(9,003,629	)
Net unrealized appreciation (depreciation) of investments	$	1,385,683

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

(2) Investment, or a portion of investment, is out on loan for securities lending.

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

(4) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(5) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker-dealers, banks and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.

100 Nuveen Investments

Portfolio of Investments (Unaudited)

Nuveen Small Cap Value Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 98.3%
		Consumer Discretionary – 13.1%
	42,198	Ascena Retail Group Inc., (2)	$	773,911
	140,721	Belo Corp.		963,939
	41,627	Cinemark Holdings Inc., (3)		973,239
	60,411	Cooper Tire & Rubber		1,055,380
	61,684	Dana Holding Corporation, (3)		812,995
	21,824	Dominos Pizza Inc., (2), (3)		745,071
	40,000	Finish Line, Inc.		835,200
	24,378	Group 1 Automotive Inc., (3)		1,310,318
	52,910	La Z Boy Inc.		632,804
	21,372	Mens Wearhouse Inc.		582,387
	41,216	Sally Beauty Holdings Inc., (2)		1,088,927
	62,121	West Marine, Inc., (3)		635,498
		Total Consumer Discretionary		10,409,669
		Consumer Staples – 2.2%
	44,265	Inter Parfums, Inc.		719,749
	59,880	Spartan Stores, Inc., (3)		1,029,936
		Total Consumer Staples		1,749,685
		Energy – 5.4%
	39,500	Basic Energy Services, Inc., (2), (3)		427,390
	19,762	Bill Barrett Corporation, (2), (3)		416,188
	37,288	Delek US Holdings Inc.		736,065
	46,166	Matrix Service Company		478,280
	76,120	Midstates Petroleum Company Incorporated, (2)		648,542
	40,381	Rex Energy Inc., (3)		512,031
	42,796	Stone Energy Corporation, (2), (3)		1,123,823
		Total Energy		4,342,319
		Financials – 30.7%
	5,529	Affiliated Managers Group Inc., (2)		616,981
	75,518	Associated Estates Realty Corp.		1,127,484
	105,381	Brandywine Realty Trust, (3)		1,251,926
	188,957	CNO Financial Group Inc., (3)		1,566,454
	28,452	Community Bank System Inc., (3)		782,715
	73,104	CubeSmart, (3)		876,517
	132,729	DiamondRock Hospitality Company, (3)		1,255,616
	59,014	East West Bancorp Inc.		1,286,505
	73,225	Everbank Financial Corporation, (2)		877,236
	26,612	EZCORP, Inc.		598,770
	67,625	FirstMerit Corporation, (3)		1,095,525
	71,004	Flushing Financial Corporation, (3)		1,001,866
	55,596	Heartland Financial USA, Inc., (3)		1,452,723
	63,086	Horace Mann Educators Corporation		1,100,220
	93,121	JMP Group Inc.		580,144
	47,293	Knight Trading Group Inc., Class A, (3)		488,537
	28,446	Manning & Napier Inc.		388,003

Nuveen Investments 101

Portfolio of Investments (Unaudited)

Nuveen Small Cap Value Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Financials (continued)
	183,977	MFA Mortgage Investments, Inc.	$	1,486,534
	77,598	National Financial Partners Corp., (2), (3)		1,152,330
	49,651	Renasant Corporation		878,823
	16,904	SVB Financial Group, (2), (3)		977,220
	31,672	Texas Capital BancShares, Inc., (2), (3)		1,364,746
	62,852	Webster Financial Corporation, (3)		1,289,723
	23,021	WSFS Financial Corporation		953,760
		Total Financials		24,450,358
		Health Care – 5.5%
	6,338	AmericGroup Corporation, (2), (3)		569,659
	81,897	Bioscrip, Inc., (2)		520,865
	33,784	Hanger Orthopedic Group Inc., (2)		870,614
	11,197	ICU Medical, Inc., (2)		597,136
	26,776	Impax Laboratories Inc., (2), (3)		594,963
	18,280	Mednax Inc., (2), (3)		1,208,856
		Total Health Care		4,362,093
		Industrials – 16.4%
	32,230	Actuant Corporation, (3)		917,266
	61,176	Altra Industrial Motion, Inc., (3)		1,010,628
	18,441	Atlas Air Worldwide Holdings Inc., (3)		836,484
	29,300	Celadon Group, Inc.		437,449
	41,991	Emcor Group Inc.		1,105,623
	40,000	Ennis Inc.		573,600
	41,512	G&K Services, Inc.		1,308,043
	37,876	General Cable Corporation, (3)		989,700
	49,761	MasTec Inc., (2), (3)		794,186
	28,967	MYR Group Inc., (2)		472,741
	12,232	Regal-Beloit Corporation		787,374
	25,000	Tetra Tech, Inc., (2), (3)		642,750
	40,000	TriMas Corporation, (2)		869,600
	24,828	Triumph Group Inc., (3)		1,552,495
	48,000	TrueBlue Inc., (2), (3)		730,560
		Total Industrials		13,028,499
		Information Technology – 11.7%
	15,000	ADTRAN, Inc., (3)		323,700
	12,842	CACI International Inc., Class A, (3)		724,931
	60,000	Cray, Inc., (3)		745,800
	56,000	Dice Holdings Inc., (3)		422,240
	31,630	International Rectifier Corporation, (2), (3)		538,975
	45,926	MKS Instruments Inc., (3)		1,212,446
	87,790	Perficient, Inc., (2)		1,166,729
	24,950	Plantronics Inc., (3)		818,859
	75,975	PMC-Sierra, Inc., (2)		404,187
	47,407	Polycom Inc., (2)		414,337
	18,872	Rogers Corporation		676,561

102 Nuveen Investments

Shares		Description (1)	Value
		Information Technology (continued)
	27,886	SYNNEX Corporation, (2)	$	943,383
	84,261	TTM Technologies, Inc., (2), (3)		921,815
		Total Information Technology		9,313,963
		Materials – 5.4%
	31,067	Buckeye Technologies Inc., (3)		935,738
	28,300	Kraton Performance Polymers Inc., (2)		662,786
	17,222	Minerals Technologies Inc., (3)		1,101,175
	28,248	Packaging Corp. of America		869,756
	9,454	Rockwood Holdings Inc.		418,056
	11,446	Schnitzer Steel Industries, Inc., Class A, (3)		328,615
		Total Materials		4,316,126
		Telecommunication Services – 1.5%
	55,283	NTELOS Holdings Corporation		1,172,000
		Utilities – 6.4%
	33,553	Atmos Energy Corporation		1,202,875
	46,515	El Paso Electric Company, (3)		1,574,533
	26,401	Southwest Gas Corporation, (3)		1,179,069
	31,109	UIL Holdings Corporation, (3)		1,152,276
		Total Utilities		5,108,753
		Total Common Stocks (cost $71,480,666)		78,253,465
Shares		Description (1)	Value
		INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 40.5%
		Money Market Funds – 40.5%
	32,278,080	Mount Vernon Securities Lending Prime Portfolio, 0.270% (4), (5)	$	32,278,080
		Total Investments Purchased with Collateral from Securities Lending (cost $32,278,080)		32,278,080
Shares		Description (1)	Value
		SHORT-TERM INVESTMENTS – 1.8%
		Money Market Funds – 1.8%
	1,434,543	First American Treasury Obligations Fund, Class Z, 0.000%, (4)	$	1,434,543
		Total Short-Term Investments (cost $1,434,543)		1,434,543
		Total Investments (cost $105,193,289) – 140.6%		111,966,088
		Other Assets Less Liabilities – (40.6)%		(32,326,208)
		Net Assets – 100%	$	79,639,880

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Nuveen Investments 103

Portfolio of Investments (Unaudited)

Nuveen Small Cap Value Fund (continued)

July 31, 2012

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, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	78,253,465	$	—	$	—	$	78,253,465
Investments Purchased with Collateral from Securities Lending		32,278,080		—		—		32,278,080
Short-Term Investments:
Money Market Funds		1,434,543		—		—		1,434,543
Total	$	111,966,088	$	—	$	—	$	111,966,088

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments was $105,221,513.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	11,237,664
Depreciation		(4,493,089	)
Net unrealized appreciation (depreciation) of investments	$	6,744,575

104 Nuveen Investments

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

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

(3) Investment, or a portion of investment, is out on loan for securities lending.

(4) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(5) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker-dealers, banks and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.

Nuveen Investments 105

Portfolio of Investments (Unaudited)

Nuveen International Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 79.7%
		Australia – 2.9%
	24,145	APA Group	$	124,332
	23,030	Australian Infrastructure Fund		62,683
	22,369	DUET Group		48,896
	244,691	Incitec Pivot		799,719
	14,097	Macquarie Atlas Roads Group, (2)		19,333
	19,641	Newcrest Mining		485,055
	7,230	QR National		24,313
	22,335	SP AusNet		24,763
	45,990	Sydney Airport		152,242
	44,333	Transurban Group		285,127
	13,746	Woodside Petroleum		487,539
	17,016	WorleyParsons		466,542
		Total Australia		2,980,544
		Austria – 0.0%
	665	Oesterreichische Post		21,196
		Belgium – 0.8%
	10,590	Anheuser-Busch InBev		836,135
	266	Elia System Operator		10,581
		Total Belgium		846,716
		Brazil – 0.7%
	150	Companhia de Gas de Sao Paulo, Class A		3,188
	740	Companhia de Saneamento Basico do Estado de Sao Paulo – ADR		62,456
	2,451	Companhia de Saneamento de Minas Gerais		59,947
	1,437	Companhia Paranaense de Energia-Copel – ADR		29,114
	1,032	CPFL Energia – ADR		23,880
	6,729	Energias do Brasil		44,560
	19,992	Itau Unibanco Holding – ADR		316,074
	2,150	Santos Brasil Participacoes		33,564
	2,719	Transmissora Alianca de Energia Eletrica SA, (2)		94,207
	3,031	Wilson Sons – BDR		45,557
		Total Brazil		712,547
		Canada – 6.6%
	8,235	Agrium		781,996
	573	AltaGas		17,827
	29	ATCO, Class I		2,131
	10,849	Bank of Nova Scotia		566,209
	1,276	Brookfield Renewable Energy		37,688
	19,454	Cameco		406,589
	22,050	Canadian Natural Resources		601,354
	620	Canadian Utilities, Class A		43,277
	6,771	Cenovus Energy		206,941
	726	Emera		25,569
	10,976	Enbridge		448,479
	1,551	Enbridge, Inc.		63,457

106 Nuveen Investments

Shares		Description (1)	Value
		Canada (continued)
	21,830	EnCana	$	486,296
	2,201	Fortis		73,612
	2,765	Gibson Energy, (3)		57,231
	1,300	Keyera		58,684
	60,350	Kinross Gold		504,296
	103,162	Lundin Mining, (2)		441,307
	46,559	Manulife Financial		499,112
	14,860	Suncor Energy		453,824
	57,540	Talisman Energy		711,468
	1,240	TransCanada		56,358
	2,313	Veresen		29,684
	1,154	Westshore Terminals Investment		28,561
	13,637	Yamana Gold		201,964
		Total Canada		6,803,914
		Chile – 0.1%
	5,111	Aguas Andinas, Class A		3,388
	45,042	Empresa Electrica Del Norte Grande		101,700
	678	Empresa Nacional de Electrcidad – ADR		33,893
	769	Enersis – ADR		12,727
		Total Chile		151,708
		China – 1.4%
	292,000	Agile Property Holdings		347,552
	7,581	ENN Energy Holdings		29,084
	514,000	Industrial & Commercial Bank of China, Class H		294,957
	10,027	Jiangsu Expressway, Class H		9,310
	48,000	Ping An Insurance		376,649
	11,900	Tencent Holdings		355,709
		Total China		1,413,261
		Czech Republic – 0.0%
	243	CEZ		8,183
		Denmark – 0.6%
	3,988	Novo Nordisk, Class B		616,186
		Finland – 0.2%
	100,386	Nokia Oyj		240,855
		France – 3.5%
	601	Aeroports de Paris		46,646
	11,273	Alstom		375,055
	41,214	AXA		504,564
	24,681	Carrefour		442,912
	8,576	DANONE		522,111
	4,887	L’Oreal		586,988
	5,361	Pernod Ricard SA		577,234
	1,022	Rubis		53,820
	8,957	Total SA		414,435
	1,381	Vinci		58,707
		Total France		3,582,472

Nuveen Investments 107

Portfolio of Investments (Unaudited)

Nuveen International Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Germany – 7.2%
	17,073	Adidas	$	1,283,721
	29,700	Aixtron		392,107
	6,096	Allianz		608,220
	2,211	BASF		161,811
	9,249	Bayer		704,537
	5,407	BMW		404,291
	10,370	Daimler		519,431
	10,220	Deutsche Boerse		508,837
	26,021	E.ON		555,484
	1,905	Fraport Frankfurt Airport		108,231
	2,184	Hamburger Hafen und Logistik		48,491
	9,650	Henkel KGAA		694,595
	9,832	Siemens		835,927
	21,221	Symrise		667,383
		Total Germany		7,493,066
		Hong Kong – 2.7%
	42,036	Beijing Enterprises Water Group		7,860
	39,504	Cheung Kong Holdings		520,118
	47,394	Cheung Kong Infrastructure Holdings		288,164
	78,690	China Everbright International		40,894
	508,000	China Longyuan Power, Class H		327,543
	46,072	China Merchants Holdings International		143,479
	176,000	China Resources Land		357,234
	186,000	China Unicom		274,394
	37,830	COSCO Pacific		52,296
	68,091	Guangdong Investment		49,171
	48,068	Hong Kong & China Gas		111,326
	246,000	Li & Fung		485,992
	18,410	MTR		64,338
	13,546	NWS Holdings		20,717
	9,304	Power Assets Holdings		73,187
	30,715	Towngas China		21,507
		Total Hong Kong		2,838,220
		India – 0.4%
	741	GAIL India – GDR		28,284
	9,653	HDFC Bank – ADR		327,333
	15,164	Power Grid		32,433
		Total India		388,050
		Ireland – 1.4%
	20,632	Covidien		1,152,916
	26,789	WPP		339,367
		Total Ireland		1,492,283
		Israel – 1.0%
	15,683	NICE Systems – ADR, (2)		564,588
	12,338	Teva Pharmaceutical Industries – ADR		504,501
		Total Israel		1,069,089

108 Nuveen Investments

Shares		Description (1)	Value
		Italy – 1.7%
	6,671	Atlantia	$	87,826
	1,267	Autostrada Torino-Milano		8,247
	17,558	Eni		363,802
	10,426	Hera		12,777
	104,700	Prada		724,355
	11,630	Saipem		537,326
	1,876	Terna-Rete Elettrica Nationale		6,265
		Total Italy		1,740,598
		Japan – 11.5%
	71,056	AMADA		378,359
	14,230	Canon		482,682
	140	CyberAgent		277,222
	116	INPEX		651,827
	4,661	Japan Airport Terminal		53,575
	4,798	Kamigumi		38,691
	30,300	KOMATSU		681,823
	46,949	Mitsubishi		941,083
	28,041	Mitsui Sumitomo Insurance Group		458,347
	3,500	Nexon, (2)		72,621
	4,632	Nintendo		518,784
	33,901	NKSJ Holdings		653,937
	62,000	Rakuten		618,214
	6,971	SMC		1,182,282
	10,985	Sugi Holdings		366,565
	268,520	Sumitomo Mitsui Trust		776,775
	50,354	Suzuki Motor		928,769
	13,100	TERUMO		539,930
	218,686	The Bank of Yokohama		996,508
	20,537	THK		367,234
	6,599	Tokyo Gas		34,125
	22,900	Toyota Motor		885,222
		Total Japan		11,904,575
		Luxembourg – 0.5%
	6,166	Millicom International Cellular		558,514
		Malaysia – 0.3%
	82,097	Sime Darby Berhad		257,873
		Mexico – 0.0%
	153	Grupo Aeroportuario del Sureste – ADR		13,634
		Netherlands – 1.3%
	23,092	Heineken		1,251,714
	947	Koninklijke Vopak		60,054
		Total Netherlands		1,311,768
		New Zealand – 0.2%
	51,458	Auckland International Airport		103,766
	13,401	Infratil		22,682

Nuveen Investments 109

Portfolio of Investments (Unaudited)

Nuveen International Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		New Zealand (continued)
	7,853	Port of Tauranga	$	72,374
	1,335	Vector		3,006
		Total New Zealand		201,828
		Norway – 1.1%
	2,615	Hafslund, Class B		21,258
	104,490	Norsk Hydro		426,451
	41,337	Telenor ASA		700,889
		Total Norway		1,148,598
		Philippines – 0.1%
	46,640	International Container Terminal Services		81,281
	28,023	Manila Water		17,521
	218,321	Metro Pacific Investments		21,861
		Total Philippines		120,663
		Poland – 0.0%
	4,225	PGE		23,522
		Singapore – 1.3%
	89,478	CitySpring Infrastructure Trust		30,200
	11,367	ComfortDelGro		15,346
	375,011	Golden Agri-Resources		223,006
	48,982	Hutchison Port Holdings Trust, (2)		37,226
	8,095	Hyflux		9,042
	52,000	Oversea-Chinese Banking		399,068
	21,969	Parkway Life – REIT		34,602
	104,148	SembCorp Industries		442,738
	8,253	Singapore Airport Terminal Services		17,111
	104,357	Singapore Post		88,054
	52,897	SMRT		69,288
		Total Singapore		1,365,681
		South Africa – 0.8%
	46,628	MTN Group		839,417
		South Korea – 0.8%
	1,485	Hyundai Mobis		393,373
	728	Samsung Electronics – GDR, (3)		421,427
		Total South Korea		814,800
		Spain – 1.3%
	7,454	Abertis Infraestructuras		92,224
	51,848	Banco Santander		315,780
	15,026	Ferrovial		163,619
	24,405	Grifols, (2)		760,911
		Total Spain		1,332,534
		Sweden – 0.9%
	97,157	Ericsson		905,759
		Switzerland – 8.7%
	33,871	ABB		592,560
	10,710	Compagnie Financiere Richemont		608,286

110 Nuveen Investments

Shares		Description (1)	Value
		Switzerland (continued)
	26,978	Credit Suisse Group	$	460,364
	237	Flughafen Zuerich		85,571
	28,859	Foster Wheeler, (2)		520,616
	10,047	Holcim		593,785
	18,219	Nestle		1,120,609
	18,025	Noble		666,925
	19,152	Novartis		1,124,050
	11,851	Roche Holding		2,103,634
	33,909	UBS		357,394
	59,716	Xstrata		794,035
		Total Switzerland		9,027,829
		Taiwan – 0.6%
	33,000	Hiwin Technologies		305,326
	104,200	Hon Hai Precision Industry		293,917
		Total Taiwan		599,243
		Turkey – 0.6%
	157,780	Turkiye Garanti Bankasi		615,349
		United Kingdom – 13.6%
	160,689	Aberdeen Asset Management		650,747
	35,467	Anglo American		1,056,525
	3,687	Aon		181,400
	54,826	ARM Holdings		474,061
	24,861	BG Group		491,903
	13,559	BHP Billiton		397,319
	15,379	BP – ADR		613,622
	11,589	Centrica		57,598
	64,578	Diageo		1,728,303
	57,329	GlaxoSmithKline		1,319,928
	15,451	HSBC Holdings – ADR		645,852
	5,828	National Grid – ADR		302,473
	3,230	Pennon Group		38,892
	71,514	Prudential		855,495
	63,167	Rolls Royce Holdings		842,299
	2,545	SSE		52,391
	45,977	Standard Chartered		1,055,679
	104,638	Tesco		521,861
	33,909	Vedanta Resources		518,880
	37,948	Vodafone Group – ADR		1,091,005
	31,304	Willis Group Holdings		1,157,622
		Total United Kingdom		14,053,855
		United States – 4.9%
	5,873	American Tower, Class A		424,677
	3,380	American Water Works		122,525
	409	Aqua America		10,487
	1,320	Atmos Energy		47,322

Nuveen Investments 111

Portfolio of Investments (Unaudited)

Nuveen International Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		United States (continued)
	2,567	Brookfield Infrastructure Partners	$	85,404
	9,895	Bunge		650,794
	725	California Water Service Group		13,391
	745	CenterPoint Energy		15,690
	826	CMS Energy		20,369
	3,634	Covanta Holding		62,432
	2,903	Crown Castle International, (2)		179,638
	1,699	Dominion Resources		92,273
	132	Duke Energy		8,947
	2,495	Edison International		115,219
	500	ITC Holdings		37,095
	3,556	Kinder Morgan		127,340
	488	Middlesex Water Company		9,126
	6	NextEra Energy		425
	8,050	NiSource		206,000
	343	Northwest Natural Gas		16,701
	2,684	OGE Energy		142,547
	31	Oiltanking Partners		1,052
	2,957	Pepco Holdings		59,022
	131	PG&E		6,047
	8,686	Philip Morris International		794,248
	856	Piedmont Natural Gas		27,204
	4,949	Questar		100,712
	2,115	SBA Communications, Class A, (2)		124,912
	8,746	Schlumberger		623,240
	123	SJW		2,870
	571	Southern		27,494
	134	Southwest Gas		5,984
	6,362	Spectra Energy		195,250
	645	Standard Parking, (2)		13,680
	42	UIL Holdings		1,556
	4,540	Unitil		120,582
	6,654	Waste Connections		204,744
	476	Westar Energy		14,547
	1,998	Western Gas Partners		89,810
	1,808	WGL Holdings		73,134
	5,686	Williams		180,758
	1,167	Xcel Energy		34,193
		Total United States		5,089,441
		Total Common Stocks (cost $83,055,251)		82,583,771
		EXCHANGE-TRADED FUNDS – 5.9%
		United States – 5.9%
	22,042	Global X FTSE Columbia 20		455,167
	97,640	iShares MSCI Malysia Index Fund		1,406,992
	55,000	iShares S&P Global Energy Sector Index Fund		2,043,250

112 Nuveen Investments

Shares		Description (1)								Value
		United States (continued)
	31,478	Market Vectors Agribusiness								$	1,562,253
	15,966	Market Vectors Gold Miners									683,026
		Total Exchange-Traded Funds (cost $6,857,449)									6,150,688
		RIGHTS – 0.0%
		Spain – 0.0%
	57,978	Banco Santander, (2), (4)									11,035
		Total Rights (cost $16,712)									11,035
Shares/ Principal Amount (000)		Description (1)	Coupon			Maturity		Rating (5)		Value
		SHORT-TERM INVESTMENTS – 8.9%
		Money Market Fund – 2.4%
	2,511,859	State Street Institutional Liquid Reserves Fund		0.190%	(6)		N/A		N/A	$	2,511,859
		U.S. Government and Agency Obligations – 6.5%
$	2,032	U.S. Treasury Bill, (7)		0.052%			8/23/12		Aaa		2,031,935
	4,740	U.S. Treasury Bill, (7)		0.070%			9/20/12		Aaa		4,739,540
$	6,772	Total U.S. Government and Agency Obligations									6,771,475
		Total Short-Term Investments (cost $9,283,204)									9,283,334
		Total Investments (cost $99,212,616) – 94.5%									98,028,828
		Other Assets Less Liabilities – 5.5% (8)									5,652,441
		Net Assets – 100.0%								$	103,681,269

Investments in Derivatives at July 31, 2012:

Futures Contracts outstanding:

Type	Contract Position		Number of Contracts			Contract Expiration		Value			Unrealized Appreciation (Depreciation)
Amsterdam Index		Long		27			8/12	$	2,159,362		$	44,046
British Pound Currency		Short		(9	)		9/12		(882,056	)		(6,731	)
CAC 40 10 Euro Index		Long		15			9/12		606,375			49,868
E-Mini MSCI Singapore Index		Long		5			8/12		279,010			2,624
FTSE JSE Top 40		Short		(93	)		9/12		(3,397,224	)		(29,260	)
FTSE 100 Index		Long		122			9/12		10,722,963			348,030
H-Shares Index		Short		(50	)		8/12		(3,109,082	)		(141,140	)
Kospi2 Index		Short		(26	)		9/12		(2,879,690	)		(48,418	)
Mexican Bolsa Index		Short		(31	)		9/12		(952,693	)		(78,680	)
NASDAQ 100		Short		(84	)		9/12		(4,429,320	)		(133,644	)
Nikkei 225 Index		Long		154			9/12		6,629,700			195,657
OMXS 30 Index		Long		258			8/12		4,061,215			112,682
S&P TSX 60		Short		(17	)		9/12		(2,251,523	)		(49,698	)
SGX S&P CNX Nifty		Short		(45	)		8/12		(472,320	)		(10,260	)
SPI 200		Long		37			9/12		4,108,973			202,033
											$	457,109

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable

Nuveen Investments 113

Portfolio of Investments (Unaudited)

Nuveen International Fund (continued)

July 31, 2012

inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	82,105,113	$	478,658	$	—	$	82,583,771
Exchange-Traded Funds		6,150,688		—		—		6,150,688
Rights		—		—		11,035		11,035
Short-Term Investments:
Money Market Funds		2,511,859		—		—		2,511,859
U.S. Government and Agency Obligations		—		6,771,475		—		6,771,475
Derivatives:
Futures Contracts*		457,109		—		—		457,109
Total	$	91,224,769	$	7,250,133	$	11,035	$	98,485,937

* Represents net unrealized appreciation (depreciation) as reported in the Fund’s Portfolio of Investments.

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Derivative Instruments and Hedging Activities

The Fund records derivative instruments at fair value, with changes in fair value recognized on the Statement of Operations, when applicable. Even though the Fund’s investments in derivatives may represent economic hedges, they are not considered to be hedge transactions for financial reporting purposes.

114 Nuveen Investments

The following tables presents the fair value of all derivative instruments held by the Fund as of July 31, 2012, the location of these instruments on the Statement of Assets and Liabilities, and the primary underlying risk exposure.

		Location on the Statement of Assets and Liabilities
Underlying Risk Exposure	Derivative Instrument	Asset Derivatives			Liability Derivatives
		Location	Value		Location	Value
Equity	Futures Contracts	Payable for variation margin on futures contracts*	$	954,940	Payable for variation margin on futures contracts*	$	(491,100	)
Foreign Currency Exchange Rate	Futures Contracts	-		—	Payable for variation margin on futures contracts*		(6,731	)
Total			$	954,940		$	(497,831	)

* Value represents unrealized appreciation (depreciation) of futures contracts as reported in the Fund’s Portfolio of Investments and not the deposits with brokers, if any, or the receivable or payable for variation margin on futures contracts presented on the Statement of Assets and Liabilities.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments was $99,767,507.

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	9,881,144
Depreciation		(11,619,823	)
Net unrealized appreciation (depreciation) of investments	$	(1,738,679	)

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

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

(3) For fair value measurement disclosure purposes, Common Stock categorized as Level 2.

(4) Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board of Directors. For fair value measurement disclosure purposes, investment categorized as Level 3.

(5) Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.

(6) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(7) Investment, or portion of investment, segregated as collateral for investments in derivatives.

(8) Other Assets Less Liabilities includes the net Unrealized Appreciation (Depreciation) of derivatives instruments as listed within Investments in Derivatives at July 31, 2012.

N/A Not applicable

ADR American Depositary Receipt

BDR Brazilian Depositary Receipt

GDR Global Depositary Receipt

REIT Real Estate Investment Trust

Nuveen Investments 115

Portfolio of Investments (Unaudited)

Nuveen International Select Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 80.6%
		Argentina – 0.1%
	50,354	YPF Sociedad Anonima	$	574,539
		Australia – 2.3%
	95,213	APA Group		490,288
	90,817	Australian Infrastructure Fund		247,187
	32,379	BHP Billiton		1,086,480
	88,160	DUET Group		192,705
	646,814	Incitec Pivot		2,113,971
	55,539	Macquarie Atlas Roads Group, (2)		76,167
	47,721	Newcrest Mining		1,178,519
	28,505	QR National		95,858
	88,020	SP AusNet		97,587
	181,251	Sydney Airport		599,999
	174,720	Transurban Group		1,123,708
	47,375	Woodside Petroleum		1,680,282
	51,799	WorleyParsons		1,420,217
		Total Australia		10,402,968
		Austria – 0.0%
	2,620	Oesterreichische Post		83,509
		Belgium – 0.4%
	20,645	Anheuser-Busch InBev		1,630,029
	1,049	Elia System Operator		41,728
		Total Belgium		1,671,757
		Brazil – 6.0%
	420,843	Banco do Brasil		4,450,355
	148,048	Cielo		4,326,857
	39,200	Companhia de Bebidas das Americas – ADR		1,511,160
	168,800	Companhia de Concessoes Rodoviarias		1,409,412
	591	Companhia de Gas de Sao Paulo, Class A		12,560
	2,920	Companhia de Saneamento Basico do Estado de Sao Paulo – ADR		246,448
	9,659	Companhia de Saneamento de Minas Gerais		236,243
	41,987	Companhia Energetica de Minas Gerais – ADR		798,173
	5,666	Companhia Paranaense de Energia-Copel – ADR		114,793
	175,100	Companhia Siderurgica Nacional – ADR		907,018
	4,071	CPFL Energia – ADR		94,203
	26,527	Energias do Brasil		175,664
	90,028	Itau Unibanco Holding – ADR		1,423,343
	72,300	Natura Cosmeticos		1,888,649
	257,930	Redecard		4,159,958
	8,478	Santos Brasil Participacoes		132,350
	112,695	Souza Cruz		1,596,494
	10,725	Transmissora Aliance de Energia Electrica SA, (2)		371,596
	167,900	Vale – ADR		3,030,595
	11,950	Wilson Sons – BDR		179,612
		Total Brazil		27,065,483

116 Nuveen Investments

Shares		Description (1)	Value
		Canada – 4.7%
	21,759	Agrium	$	2,066,235
	2,257	AltaGas		70,218
	114	ATCO, Class I		8,378
	25,621	Bank of Nova Scotia		1,337,160
	5,029	Brookfield Renewable Energy		148,536
	67,023	Cameco		1,400,781
	58,300	Canadian Natural Resources		1,589,974
	2,442	Canadian Utilities, Class A		170,454
	17,897	Cenovus Energy		546,984
	2,861	Emera		100,763
	43,293	Enbridge		1,768,952
	6,117	Enbridge		250,267
	57,707	EnCana		1,285,511
	54,200	First Quantum Minerals		984,177
	8,680	Fortis		290,300
	10,903	Gibson Energy, (3)		225,674
	5,130	Keyera		231,575
	159,530	Kinross Gold		1,333,062
	272,690	Lundin Mining, (2)		1,166,516
	114,670	Manulife Financial		1,229,262
	13,700	Pacific Rubiales Energy		309,970
	51,195	Suncor Energy		1,563,495
	152,090	Talisman Energy		1,880,556
	4,889	TransCanada		222,205
	9,114	Veresen		116,964
	4,550	Westshore Terminals Investment		112,610
	36,049	Yamana Gold		533,886
		Total Canada		20,944,465
		Chile – 0.4%
	20,147	Aguas Andinas, Class A		13,355
	177,614	Empresa Electrica Del Norte Grande		401,034
	2,673	Empresa Nacional de Electrcidad – ADR		133,623
	3,035	Enersis – ADR		50,229
	17,199	Sociedad Quimica y Minera de Chile – ADR		1,030,736
		Total Chile		1,628,977
		China – 2.5%
	1,304,000	Agile Property Holdings		1,552,081
	4,679,350	China Construction Bank, Class H		3,161,927
	29,851	ENN Energy Holdings		114,520
	2,228,000	Industrial & Commercial Bank of China, Class H		1,278,528
	39,523	Jiangsu Expressway, Class H		36,696
	21,000	NetEase.com – ADR, (2)		1,109,010
	213,500	Ping An Insurance		1,675,303
	50,300	Tencent Holdings		1,503,545
	210,500	Weichai Power, Class H		639,261
		Total China		11,070,871

Nuveen Investments 117

Portfolio of Investments (Unaudited)

Nuveen International Select Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Czech Republic – 0.0%
	957	CEZ	$	32,227
		Denmark – 0.3%
	8,672	Novo Nordisk, Class B		1,339,911
		Egypt – 0.8%
	307,011	Commercial International Bank		1,383,754
	29,713	Eastern Tobacco, (3)		377,848
	38,275	Orascom Construction Industries		1,648,508
		Total Egypt		3,410,110
		Finland – 0.1%
	265,369	Nokia Oyj		636,698
		France – 2.3%
	2,369	Aeroports de Paris		183,868
	29,800	Alstom		991,451
	98,039	AXA		1,200,246
	65,254	Carrefour		1,171,014
	23,369	CFAO		1,106,141
	17,286	DANONE		1,052,380
	12,929	L’Oreal		1,552,931
	12,987	Pernod Ricard SA		1,398,347
	4,030	Rubis		212,225
	23,683	Total SA		1,095,798
	5,445	Vinci		231,470
		Total France		10,195,871
		Germany – 4.2%
	38,183	Adidas		2,870,984
	67,963	Aixtron		897,265
	16,114	Allianz		1,607,752
	5,841	BASF		427,471
	20,139	Bayer		1,534,077
	12,623	BMW		943,844
	27,400	Daimler		1,372,461
	27,010	Deutsche Boerse		1,344,784
	68,780	E.ON		1,468,284
	7,512	Fraport Frankfurt Airport		426,787
	8,611	Hamburger Hafen und Logistik		191,187
	25,506	Henkel KGAA		1,835,890
	25,985	Siemens		2,209,272
	56,100	Symrise		1,764,299
		Total Germany		18,894,357
		Hong Kong – 3.1%
	165,675	Beijing Enterprises Water Group		30,978
	103,983	Cheung Kong Holdings		1,369,062
	186,816	Cheung Kong Infrastructure Holdings		1,135,876
	310,303	China Everbright International		161,260
	2,203,000	China Longyuan Power, Class H		1,420,429

118 Nuveen Investments

Shares		Description (1)	Value
		Hong Kong (continued)
	181,663	China Merchants Holdings International	$	565,742
	41,411	China Mobile Limited		2,406,807
	782,000	China Resources Land		1,587,254
	908,000	China Unicom		1,339,513
	247,000	CNOOC		500,708
	149,216	COSCO Pacific		206,274
	268,500	Guangdong Investment		193,895
	189,412	Hong Kong & China Gas		438,681
	1,912,000	Huabao International Holdings		855,564
	572,000	Li & Fung		1,130,030
	72,595	MTR		253,694
	53,254	NWS Holdings		81,446
	36,690	Power Assets Holdings		288,611
	120,787	Towngas China		84,578
		Total Hong Kong		14,050,402
		Hungary – 0.4%
	104,558	OTP Bank		1,609,929
		India – 1.8%
	148,331	Bank of India		794,530
	298,545	Bharat Heavy Electricals		1,157,623
	2,920	GAIL India – GDR		111,456
	42,457	HDFC Bank – ADR		1,439,717
	14,900	Infosys Technologies – ADR		589,742
	129,873	Jindal Steel & Power		930,934
	59,780	Power Grid		127,858
	123,348	Punjab National Bank		1,612,628
	60,661	Tata Consultancy Services		1,356,488
		Total India		8,120,976
		Indonesia – 1.9%
	2,544,066	Bank of Mandiri		2,230,929
	823,000	Perusahaan Gas Negara		330,396
	751,300	Semen Gresik Persero		1,027,928
	368,700	Tambang Batubara Bukit Asam		619,369
	84,100	Telekomunikasi Indonesia – ADR		3,265,603
	556,519	United Tractors		1,234,750
		Total Indonesia		8,708,975
		Ireland – 0.9%
	54,550	Covidien		3,048,254
	70,827	WPP		897,247
		Total Ireland		3,945,501
		Israel – 0.5%
	34,591	NICE Systems – ADR, (2)		1,245,276
	26,827	Teva Pharmaceutical Industries – ADR		1,096,956
		Total Isreal		2,342,232

Nuveen Investments 119

Portfolio of Investments (Unaudited)

Nuveen International Select Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Italy – 1.1%
	26,316	Atlantia	$	346,459
	4,991	Autostrada Torino-Milano		32,486
	51,825	Eni		1,073,816
	41,085	Hera		50,349
	212,600	Prada		1,470,849
	39,904	Saipem		1,843,634
	7,394	Terna-Rete Elettrica Nationale		24,691
		Total Italy		4,842,284
		Japan – 6.7%
	186,732	AMADA		994,311
	32,800	Canon		1,112,576
	376	CyberAgent		744,540
	307	INPEX		1,725,094
	18,374	Japan Airport Terminal		211,198
	18,913	Kamigumi		152,514
	64,100	KOMATSU		1,442,404
	124,058	Mitsubishi		2,486,718
	74,085	Mitsui Sumitomo Insurance Group		1,210,964
	9,300	Nexon, (2)		192,964
	12,116	Nintendo		1,356,992
	89,602	NKSJ Holdings		1,728,387
	116,400	Rakuten		1,160,648
	18,035	SMC		3,058,736
	28,983	Sugi Holdings		967,151
	708,669	Sumitomo Mitsui Trust		2,050,038
	133,080	Suzuki Motor		2,454,634
	26,600	TERUMO		1,096,346
	577,074	The Bank of Yokohama		2,629,611
	54,106	THK		967,502
	25,989	Tokyo Gas		134,394
	59,800	Toyota Motor		2,311,629
		Total Japan		30,189,351
		Luxembourg – 0.4%
	13,032	Millicom International Cellular		1,180,433
	23,255	Oriflame Cosmetics – SDR		868,560
		Total Luxembourg		2,048,993
		Malaysia – 0.4%
	57,200	British American Tobacco		1,091,909
	216,980	Sime Darby Berhad		681,551
		Total Malaysia		1,773,460
		Mexico – 1.5%
	76,200	America Movil, Series L – ADR		2,033,778
	604	Grupo Aeroportuario del Sureste – ADR		53,822
	778,517	Grupo Mexico, Series B		2,189,459
	60,200	Grupo Televisa – ADR		1,371,958
	465,500	Kimberly-Clark de Mexico, Series A		968,909
		Total Mexico		6,617,926

120 Nuveen Investments

Shares		Description (1)	Value
		Netherlands – 0.8%
	61,043	Heineken	$	3,308,868
	3,735	Koninklijke Vopak		236,855
		Total Netherlands		3,545,723
		New Zealand – 0.2%
	202,762	Auckland International Airport		408,874
	52,812	Infratil		89,389
	30,949	Port of Tauranga		285,228
	5,250	Vector		11,820
		Total New Zealand		795,311
		Norway – 0.6%
	10,402	Hafslund, Class B		84,561
	276,214	Norsk Hydro		1,127,301
	96,350	Telenor ASA		1,633,660
		Total Norway		2,845,522
		Philippines – 0.8%
	183,864	International Container Terminal Services		320,424
	110,370	Manila Water		69,006
	860,808	Metro Pacific Investments		86,194
	45,900	Philippine Long Distance Telephone – ADR		2,997,270
		Total Philippines		3,472,894
		Poland – 0.0%
	16,666	PGE		92,787
		Russia – 2.5%
	179,193	Gazprom OAO – ADR, (2)		1,658,431
	17,900	LUKOIL – ADR		1,011,350
	33,471	Magnit – GDR, (3)		860,285
	138,550	Mobile TeleSystems – ADR		2,625,522
	1,113,684	Sberbank		3,129,452
	348,136	TNK-BP Holding, (3)		827,583
	31,324	Uralkali – GDR, Class S		1,305,584
		Total Russia		11,418,207
		Singapore – 0.9%
	352,743	CitySpring Infrastructure Trust		119,055
	44,778	ComfortDelGro		60,452
	991,276	Golden Agri-Resources		589,476
	193,004	Hutchison Port Holdings Trust		146,683
	31,913	Hyflux		35,647
	140,000	Oversea-Chinese Banking		1,074,413
	86,642	Parkway Life – REIT		136,466
	294,904	SembCorp Industries		1,253,650
	32,535	Singapore Airport Terminal Services		67,454
	411,439	Singapore Post		347,164
	208,547	SMRT		273,169
		Total Singapore		4,103,629

Nuveen Investments 121

Portfolio of Investments (Unaudited)

Nuveen International Select Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		South Africa – 4.1%
	9,143	Anglo American	$	272,051
	87,997	Bidvest Group		2,110,193
	14,691	Massmart Holdings		308,304
	123,260	MTN Group		2,218,979
	333,863	Murray & Roberts Holdings		950,084
	65,261	Nedbank Group		1,424,362
	282,492	Pretoria Portland Cement		883,432
	274,820	Sanlam		1,180,900
	152,321	Shoprite Holdings		2,990,079
	83,827	Standard Bank Group		1,154,867
	41,370	Tiger Brands		1,331,101
	158,536	Truworths International		1,978,934
	86,265	Vodacom Group		1,000,712
	113,462	Woolworths Hldgs		737,625
		Total South Africa		18,541,623
		South Korea – 4.9%
	18,795	Hite Jinro		399,798
	14,431	Hyundai Mobis		3,822,739
	54,250	KB Financial Group		1,734,561
	279,802	Korea Life Insurance		1,613,540
	39,454	KT&G		2,906,829
	8,751	NHN		2,128,491
	2,890	Samsung Electronics – GDR, (3)		1,672,973
	3,159	Samsung Electronics – GDR		3,657,385
	85,506	Shinhan Financial Group – ADR		2,737,705
	43,557	Woongjin Coway		1,363,775
		Total South Korea		22,037,796
		Spain – 0.8%
	29,395	Abertis Infraestructuras		363,668
	137,065	Banco Santander		834,793
	59,254	Ferrovial SA		645,222
	51,395	Grifols, (2)		1,602,418
		Total Spain		3,446,101
		Sweden – 0.5%
	256,833	Ericsson		2,394,361
		Switzerland – 5.1%
	88,864	ABB		1,554,642
	22,363	Compagnie Financiere Richemont		1,270,130
	61,628	Credit Suisse Group		1,051,646
	936	Flughafen Zuerich		337,949
	76,293	Foster Wheeler, (2)		1,376,326
	26,051	Holcim		1,539,632
	48,159	Nestle		2,962,151
	47,650	Noble		1,763,050
	50,617	Novartis		2,970,761
	29,619	Roche Holding		5,257,577

122 Nuveen Investments

Shares		Description (1)	Value
		Switzerland (continued)
	89,626	UBS	$	944,640
	161,331	Xstrata		2,145,195
		Total Switzerland		23,173,699
		Taiwan – 2.0%
	157,000	Hiwin Technologies		1,452,613
	844,497	Hon Hai Precision Industry		2,382,078
	112,706	HTC		1,097,276
	103,150	MediaTek		876,994
	1,112,961	Taiwan Semiconductor Manufacturing		3,005,748
		Total Taiwan		8,814,709
		Thailand – 0.7%
	19,200	Banpu Public		244,042
	845,300	CP ALL, (3)		919,972
	143,500	PTT Exploration and Production Public Company, (3)		693,105
	107,000	Siam Cement		1,186,622
		Total Thailand		3,043,741
		Turkey – 2.2%
	370,469	Akbank T.A.S.		1,395,308
	368,227	Koc Holding		1,436,103
	182,300	Turkcell Iletisim Hizmetleri – ADR, (2)		2,517,563
	417,090	Turkiye Garanti Bankasi		1,626,671
	993,650	Turkiye Is Bankasi, Class C		2,911,998
		Total Turkey		9,887,643
		United Kingdom – 7.8%
	361,544	Aberdeen Asset Management		1,464,156
	96,793	Anglo American		2,883,364
	11,152	Aon		548,678
	128,781	ARM Holdings		1,113,523
	85,120	BG Group		1,684,197
	40,641	BP – ADR		1,621,576
	45,682	Centrica		227,042
	164,163	Diageo		4,393,500
	151,545	GlaxoSmithKline		3,489,132
	33,595	HSBC Holdings – ADR		1,404,271
	22,980	National Grid – ADR		1,192,662
	12,732	Pennon Group		153,306
	157,663	Prudential		1,886,063
	138,756	Rolls-Royce Group		1,850,240
	10,032	SSE		206,516
	110,067	Standard Chartered		2,527,251
	210,925	Tesco		1,051,946
	94,252	Vedanta Resources		1,442,256
	100,303	Vodafone Group – ADR		2,883,711
	82,760	Willis Group Holdings		3,060,465
		Total United Kingdom		35,083,855

Nuveen Investments 123

Portfolio of Investments (Unaudited)

Nuveen International Select Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		United States – 3.9%
	23,159	American Tower, Class A	$	1,674,627
	13,328	American Water Works		483,140
	1,615	Aqua America		41,409
	5,208	Atmos Energy		186,707
	10,125	Brookfield Infrastructure Partners		336,859
	26,160	Bunge		1,720,543
	2,856	California Water Service Group		52,750
	2,938	CenterPoint Energy		61,874
	3,256	CMS Energy		80,293
	14,325	Covanta Holding		246,103
	11,448	Crown Castle International, (2)		708,402
	6,701	Dominion Resources		363,931
	519	Duke Energy		35,178
	9,839	Edison International		454,365
	1,969	ITC Holdings		146,080
	14,025	Kinder Morgan		502,235
	1,928	Middlesex Water Company		36,054
	22	NextEra Energy		1,560
	31,745	NiSource		812,355
	1,351	Northwest Natural Gas		65,780
	10,584	OGE Energy		562,116
	124	Oiltanking Partners		4,210
	11,656	Pepco Holdings		232,654
	514	PG&E		23,726
	22,949	Philip Morris International		2,098,457
	3,380	Piedmont Natural Gas		107,416
	19,519	Questar		397,212
	8,341	SBA Communications, Class A, (2)		492,619
	23,110	Schlumberger		1,646,819
	488	SJW		11,385
	2,251	Southern		108,386
	529	Southwest Gas		23,625
	25,096	Spectra Energy		770,196
	2,543	Standard Parking, (2)		53,937
	164	UIL Holdings		6,075
	17,891	Unitil		475,185
	26,224	Waste Connections		806,912
	1,875	Westar Energy		57,300
	7,874	Western Gas Partners		353,936
	7,128	WGL Holdings		288,328
	22,421	Williams		712,764
	4,601	Xcel Energy		134,809
		Total United States		17,378,312
		Total Common Stocks (cost $356,316,048)		362,277,685

124 Nuveen Investments

Shares		Description (1)								Value
		EXCHANGE-TRADED FUNDS – 6.5%
		United States – 6.5%
	95,258	Global X FTSE Columbia 20								$	1,967,078
	400,000	iShares MSCI Malaysia Index Fund									5,764,000
	190,000	iShares S&P Global Energy Sector Index Fund									7,058,500
	75,000	Market Vectors Agribusiness									3,722,250
	45,000	Market Vectors Gold Miners									1,925,100
	325,000	Market Vectors Russia									8,596,250
		Total Exchange-Traded Funds (cost $32,055,986)									29,033,178
		RIGHTS – 0.0%
		Spain – 0.0%
	137,065	Banco Santander, (2), (4)									26,088
		Total Rights (cost $39,112)									26,088
Shares/ Principal Amount (000)		Description (1)	Coupon			Maturity		Ratings (5)		Value
		SHORT-TERM INVESTMENTS – 12.2%
		Money Market Funds – 7.6%
	34,247,751	State Street Institutional Liquid Reserves Fund		0.190%,	(6)		N/A		N/A	$	34,247,751
		U.S. Government and Agency Obligations – 4.6%
$	5,025,000	U.S. Treasury Bill, (7)		0.052%			8/23/12		Aaa		5,024,839
	15,750,000	U.S. Treasury Bill, (7)		0.070%			9/20/12		Aaa		15,748,472
$	20,775,000	Total U.S. Government and Agency Obligations									20,773,311
		Total Short-Term Investments (cost $55,020,590)									55,021,062
		Total Investments (cost $443,431,736) – 99.3%									446,358,013
		Other Assets Less Liabilities – 0.7% (8)									3,355,105
		Net Assets – 100.0%								$	449,713,118

Investments in Derivatives at July 31, 2012:

Futures Contracts outstanding:

Type	Contract Position		Number of Contracts			Contract Expiration		Value			Unrealized Appreciation (Depreciation)
Amsterdam Index		Long		29			8/12	$	2,319,315		$	47,309
Australian Dollar Currency		Short		(158	)		9/12		(16,539,440	)		(769,350	)
British Pound Currency		Short		(9	)		9/12		(882,056	)		(6,731	)
CAC 40 10 Euro Index		Long		63			9/12		2,546,774			209,446
DAX Index		Short		(12	)		9/12		(2,504,122	)		(239,780	)
Dollar Index		Long		240			9/12		19,850,402			(44,038	)
E-Mini MSCI EAFE		Long		11			9/12		783,530			37,950
Euro FX Currency		Short		(24	)		9/12		(3,693,900	)		59,301
FTSE 100 Index		Long		433			9/12		38,057,728			1,295,912
FTSE JSE Top 40		Short		(481	)		9/12		(17,570,590	)		(151,335	)
H-Shares Index		Long		30			8/12		1,865,449			84,375
Kospi2 Index		Short		(42	)		9/12		(4,651,808	)		(78,214	)
Mexican Bolsa Index		Short		(169	)		9/12		(5,193,714	)		(428,930	)
MSCI Taiwan Index		Long		275			8/12		6,974,000			285,862
NASDAQ 100		Short		(373	)		9/12		(19,668,290	)		(593,443	)
Nikkei 225 Index		Long		509			9/12		21,912,450			(523,926	)
OMXS 30 Index		Long		735			8/12		11,569,740			320,989
Russell 2000 Mini Index		Short		(137	)		9/12		(10,749,020	)		(381,339	)

Nuveen Investments 125

Portfolio of Investments (Unaudited)

Nuveen International Select Fund (continued)

July 31, 2012

Type	Contract Position		Number of Contracts			Contract Expiration		Value			Unrealized Appreciation (Depreciation)
S&P 500		Short		(26	)		9/12	$	(8,934,900	)	$	(205,504	)
S&P TSX 60		Long		169			9/12		22,382,789			492,466
SET50 Index		Short		(100	)		9/12		(2,611,694	)		(102,591	)
SGX S&P CNX Nifty		Short		(130	)		8/12		(1,364,480	)		(29,640	)
SPI 200		Long		158			9/12		17,546,423			861,079
											$	139,868

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	356,700,245	$	5,577,440	$	—	$	362,277,685
Exchange-Traded Funds		29,033,178		—		—		29,033,178
Rights		—		—		26,088		26,088
Short-Term Investments:
Money Market Funds		34,247,751		—		—		34,247,751
U.S. Government and Agency Obligations		—		20,773,311		—		20,773,311
Derivatives:
Futures Contracts*		139,868		—		—		139,868
Total	$	420,121,042	$	26,350,751	$	26,088	$	446,497,881

* Represents net unrealized appreciation (depreciation) as reported in the Fund’s Portfolio of Investments.

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

126 Nuveen Investments

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Derivative Instruments and Hedging Activities

The Fund records derivative instruments at fair value, with changes in fair value recognized on the Statement of Operations, when applicable. Even though the Fund’s investments in derivatives may represent economic hedges, they are not considered to be hedge transactions for financial reporting purposes.

The following tables presents the fair value of all derivative instruments held by the Fund as of July 31, 2012, the location of these instruments on the Statement of Assets and Liabilities, and the primary underlying risk exposure.

		Location on the Statement of Assets and Liabilities
Underlying Risk Exposure	Derivative Instrument	Asset Derivatives			Liability Derivatives
		Location	Value		Location	Value
Equity	Futures Contracts	Payable for variation margin on futures contracts*	$	3,635,388	Payable for variation margin on futures contracts*	$	(2,778,740	)
Foreign Currency Exchange Rate	Futures Contracts	Payable for variation margin on futures contracts*		59,301	Payable for variation margin on futures contracts*		(776,081	)
Total			$	3,694,689		$	(3,554,821	)

* Value represents unrealized appreciation (depreciation) of futures contracts as reported in the Fund’s Portfolio of Investments and not the deposits with brokers, if any, or the receivable or payable for variation margin on futures contracts presented on the Statement of Assets and Liabilities.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments was $449,202,837.

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	47,504,411
Depreciation		(50,349,235	)
Net unrealized appreciation (depreciation) of investments	$	(2,844,824	)

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

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

(3) For fair value measurement disclosure purposes, Common Stock categorized as Level 2.

(4) Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board of Directors. For fair value measurement disclosure purposes, investment categorized as Level 3.

(5) Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.

(6) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(7) Investment, or portion of investment, segregated as collateral for investments in derivatives.

(8) Other Assets Less Liabilities includes the net Unrealized Appreciation (Depreciation) of derivatives instruments as listed within Investments in Derivatives at July 31, 2012.

N/A Not applicable

ADR American Depositary Receipt

BDR Brazilian Depositary Receipt

GDR Global Depositary Receipt

REIT Real Estate Investment Trust

SDR Swedish Depositary Receipt

Nuveen Investments 127

Portfolio of Investments (Unaudited)

Nuveen Quantitative Enhanced Core Equity Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 96.8%
		Consumer Discretionary – 4.5%
	2,073	Amazon.com, Inc., (2), (7)	$	483,631
	2,489	Apollo Group, Inc., (2)		67,701
	1,510	AutoNation Inc., (2), (7)		59,539
	211	AutoZone, Inc., (2)		79,174
	652	Bed Bath and Beyond Inc., (2)		39,739
	7,146	Career Education Corporation, (2), (7)		33,658
	6,965	Comcast Corporation, Class A, (7)		226,711
	3,185	Devry, Inc., (7)		62,522
	4,839	Education Management Corporation, (2), (7)		18,195
	874	Family Dollar Stores, Inc.		57,754
	31,647	Ford Motor Company, (7)		292,418
	7,220	Home Depot, Inc., (7)		376,740
	6,366	Interpublic Group Companies, Inc.		62,832
	6,774	Johnson Controls, Inc.		166,979
	6,176	Lowe’s Companies, Inc.		156,685
	3,165	Macy’s, Inc.		113,434
	4,628	McDonald’s Corporation		413,558
	676	McGraw-Hill Companies, Inc.		31,745
	6,744	News Corporation, Class A, (7)		155,247
	3,856	Omnicom Group, Inc., (7)		193,494
	131	Priceline.com Incorporated, (2), (7)		86,688
	4,364	Target Corporation, (7)		264,677
	3,498	Time Warner Inc.		136,842
	519	TJX Companies, Inc.		22,981
	1,389	Viacom Inc., Class B		64,880
	2,812	Walt Disney Company, (7)		138,182
		Total Consumer Discretionary		3,806,006
		Consumer Staples – 4.9%
	11,520	Altria Group, Inc., (7)		414,374
	2,122	Archer-Daniels-Midland Company, (7)		55,363
	10,345	Coca-Cola Company, (7)		835,876
	1,127	Colgate-Palmolive Company, (7)		120,995
	1,073	Constellation Brands, Inc., Class A, (2)		30,269
	224	Costco Wholesale Corporation		21,544
	4,686	CVS Caremark Corporation, (7)		212,042
	303	General Mills, Inc., (7)		11,726
	3,569	PepsiCo, Inc.		259,573
	8,312	Philip Morris International		760,049
	13,617	Procter & Gamble Company, (7)		878,841
	1,906	Tyson Foods, Inc., Class A		28,609
	794	Walgreen Co., (7)		28,870
	6,777	Wal-Mart Stores, Inc., (7)		504,412
		Total Consumer Staples		4,162,543

128 Nuveen Investments

Shares		Description (1)	Value
		Energy – 10.3%
	3,702	Anadarko Petroleum Corporation	$	257,067
	4,314	Apache Corporation, (7)		371,522
	3,448	Baker Hughes Incorporated, (7)		159,711
	1,534	Chesapeake Energy Corporation, (7)		28,870
	13,024	Chevron Corporation, (7)		1,427,170
	10,313	ConocoPhillips, (7)		561,440
	7,330	Devon Energy Corporation, (7)		433,350
	403	EOG Resources, Inc.		39,498
	28,626	Exxon Mobil Corporation, (7)		2,486,168
	8,542	Halliburton Company		282,996
	3,904	Hess Corporation		184,113
	1,629	Kinder Morgan, Inc.		58,362
	11,965	Marathon Oil Corporation		316,714
	3,409	Marathon Petroleum Corporation		161,246
	1,529	Murphy Oil Corporation, (7)		82,046
	2,272	Nabors Industries Inc., (2)		31,444
	2,517	National-Oilwell Varco Inc.		181,979
	3,627	Newfield Exploration Company, (2)		110,732
	855	Noble Corporation, (2), (7)		31,635
	579	Noble Energy, Inc.		50,622
	5,279	Occidental Petroleum Corporation		459,431
	2,140	Phillips 66		80,464
	9,517	Schlumberger Limited		678,181
	770	SeaCor Smit Inc., (2)		65,412
	1,307	Unit Corporation, (2)		51,966
	5,427	Valero Energy Corporation		149,243
		Total Energy		8,741,382
		Financials – 16.4%
	2,146	AFLAC Incorporated, (7)		93,952
	1,249	Alexandria Real Estate Equities Inc.		91,777
	833	Alleghany Corporation, Term Loan, (2)		288,060
	11,155	American Capital Agency Corporation, (7)		391,987
	6,020	American Capital Limited, (2)		59,959
	9,608	American Express Company		554,478
	4,221	American International Group, (2), (7)		131,991
	4,223	American Tower REIT Inc.		305,365
	11,643	Annaly Capital Management Inc., (7)		202,937
	5,114	AON PLC, (7)		251,609
	874	Apartment Investment & Management Company, Class A		23,974
	74,680	Bank of America Corporation		548,151
	9,581	Bank of New York Company, Inc., (7)		203,884
	5,256	BB&T Corporation, (7)		164,881
	10,245	Berkshire Hathaway Inc., Class B, (2), (7)		869,186
	2,324	Brown & Brown Inc.		58,658
	2,735	Camden Property Trust, (7)		195,033

Nuveen Investments 129

Portfolio of Investments (Unaudited)

Nuveen Quantitative Enhanced Core Equity Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Financials (continued)
	7,537	Capital One Financial Corporation	$	425,765
	4,912	CIT Group Inc., (2)		179,386
	23,344	Citigroup Inc.		633,323
	3,315	Corporate Office Properties, (7)		73,792
	9,113	Discover Financial Services		327,703
	4,214	Duke Realty Corporation		60,934
	1,985	Equity Residential, (7)		125,670
	10,483	Fifth Third Bancorp.		144,875
	1,335	First Citizens Bancshs Inc.		219,327
	3,424	First Republic Bank of San Francisco, (2)		111,383
	16,670	Genworth Financial Inc., Class A, (2), (7)		84,017
	3,677	Goldman Sachs Group, Inc.		371,009
	2,910	Hartford Financial Services Group, Inc., (7)		47,870
	26,711	JP Morgan Chase & Co.		961,596
	35,606	KeyCorp.		284,136
	10,959	Loews Corporation		433,867
	637	M&T Bank Corporation, (7)		54,680
	409	Markel Corporation, (2)		176,713
	5,773	Marsh & McLennan Companies, Inc.		191,721
	9,852	MetLife, Inc.		303,146
	2,464	Moody’s Corporation		99,866
	11,317	Morgan Stanley		154,590
	1,866	MSCI Inc., Class A Shares, (2)		61,858
	4,885	PNC Financial Services Group, Inc.		288,704
	1,739	Prudential Financial, Inc.		83,959
	1,664	Public Storage, Inc.		247,853
	2,858	Rayonier Inc.		136,298
	3,659	Reinsurance Group of America Inc.		203,697
	3,220	Simon Property Group, Inc.		516,778
	9,309	SLM Corporation, (7)		148,851
	1,311	SunTrust Banks, Inc., (7)		31,005
	3,268	Taubman Centers Inc.		253,335
	2,643	UDR Inc., (7)		70,330
	5,043	Unum Group		95,262
	2,812	Vornado Realty Trust		234,802
	35,077	Wells Fargo & Company		1,185,953
	20,131	Weyerhaeuser Company		470,059
		Total Financials		13,929,995
		Health Care – 19.6%
	15,584	Abbott Laboratories, (7)		1,033,375
	5,076	Agilent Technologies, Inc.		194,360
	3,496	Alere Inc., (2)		65,970
	1,268	Alexion Pharmaceuticals Inc., (2), (7)		132,950
	4,178	Allergan, Inc.		342,888
	10,440	AmerisourceBergen Corporation, (7)		414,468

130 Nuveen Investments

Shares		Description (1)	Value
		Health Care (continued)
	8,670	Amgen Inc., (7)	$	716,142
	6,316	Baxter International, Inc.		369,549
	3,391	Becton, Dickinson and Company, (7)		256,733
	2,587	Biogen Idec Inc., (2)		377,262
	2,396	Bio-Rad Laboratories Inc., (2)		230,519
	22,301	Boston Scientific Corporation, (2)		115,296
	11,150	Bristol-Myers Squibb Company, (7)		396,940
	2,338	Bruker Biosciences Corporation		27,635
	3,663	C. R. Bard, Inc.		356,263
	9,602	Cardinal Health, Inc.		413,750
	6,354	CareFusion Corporation, (2)		155,101
	4,233	Celgene Corporation, (2)		289,791
	4,139	Charles River Laboratories International, Inc., (2)		140,850
	852	CIGNA Corporation		34,319
	1,882	Cooper Companies, Inc., (7)		141,639
	6,064	Covidien PLC		338,856
	935	DENTSPLY International Inc.		33,978
	1,213	Edwards Lifesciences Corporation, (2), (7)		122,756
	11,897	Eli Lilly and Company		523,825
	6,419	Endo Pharmaceuticals Holdings Inc., (2)		190,837
	4,376	Forest Laboratories, Inc., (2)		146,815
	1,273	Gen-Probe, Inc., (2)		105,264
	7,496	Gilead Sciences, Inc., (2)		407,258
	1,853	HCA Holdings Inc., (2)		49,067
	2,907	Henry Schein Inc., (2)		217,473
	5,756	Hill Rom Holdings Inc.		150,519
	2,229	Hologic Inc., (2)		41,281
	993	Hospira Inc., (2)		34,507
	118	Intuitive Surgical, Inc., (2)		56,817
	21,615	Johnson & Johnson, (7)		1,496,190
	2,545	Life Technologies Corporation, (2)		111,675
	4,618	McKesson HBOC Inc.		418,991
	12,515	Medtronic, Inc.		493,341
	22,611	Merck & Company Inc.		998,728
	1,420	Mettler-Toledo International Inc., (2)		219,816
	8,851	Mylan Laboratories Inc., (2), (7)		203,839
	1,705	Myriad Genentics Inc., (2)		42,369
	5,004	Patterson Companies, Inc., (7)		170,636
	4,985	Perkinelmer Inc.		127,367
	2,254	Perrigo Company		257,001
	63,882	Pfizer Inc.		1,535,723
	3,248	Saint Jude Medical Inc., (7)		121,345
	4,117	Stryker Corporation, (7)		214,208
	3,756	Techne Corporation		259,464
	1,672	Teleflex Inc.		106,573

Nuveen Investments 131

Portfolio of Investments (Unaudited)

Nuveen Quantitative Enhanced Core Equity Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Health Care (continued)
	6,494	Thermo Fisher Scientific, Inc.	$	361,521
	1,440	Thoratec Corporation, (2)		49,406
	757	United Therapeutics Corporation, (2)		41,468
	1,150	UnitedHealth Group Incorporated		58,754
	1,475	Varian Medical Systems, Inc., (2), (7)		80,506
	3,158	Warner Chilcott Limited, (2)		53,686
	2,091	Waters Corporation, (2)		162,011
	2,804	Watson Pharmaceuticals Inc., (2)		218,235
	2,381	Zimmer Holdings, Inc.		140,312
		Total Health Care		16,568,218
		Industrials – 10.7%
	4,580	3M Co., (7)		417,833
	5,433	Air Lease Corporation, (2), (7)		106,921
	5,809	Alliant Techsystems Inc.		269,073
	4,179	Boeing Company		308,870
	1,610	Caterpillar Inc.		135,578
	7,548	Cintas Corporation, (7)		299,127
	13,842	Copart Inc., (2)		328,886
	7,832	Corrections Corporation of America		243,419
	8,776	Danaher Corporation, (7)		463,461
	7,772	Delta Air Lines, Inc., (2)		75,000
	961	Dover Corporation		52,346
	1,679	Dun and Bradstreet Inc.		134,639
	738	Engility Holdings Inc.		10,785
	4,580	Equifax Inc.		214,527
	12,635	Exelis Inc.		118,769
	7,963	General Dynamics Corporation, (7)		505,173
	60,163	General Electric Company		1,248,382
	9,425	Hertz Global Holdings Inc., (2)		106,126
	4,523	Honeywell International Inc.		262,560
	651	IHS Inc., (2), (7)		71,786
	1,130	Iron Mountain Inc.		36,397
	4,432	L-3 Communications Holdings, Inc.		314,184
	2,000	Lockheed Martin Corporation		178,540
	4,244	Manpower Inc.		151,002
	780	Navistar International Corporation, (2), (7)		19,188
	2,835	Nielsen Holdings BV, (2)		80,798
	5,561	Northrop Grumman Corporation, (7)		368,138
	7,841	Raytheon Company, (7)		435,019
	4,369	Robert Half International Inc.		118,007
	1,673	Roper Industries Inc.		166,380
	1,373	Ryder System, Inc.		54,151
	2,057	Towers Watson & Company, Class A Shares		120,602
	537	TransDigm Group Inc., (2)		66,244
	9,289	Tyco International Ltd.		510,338

132 Nuveen Investments

Shares		Description (1)	Value
		Industrials (continued)
	460	Union Pacific Corporation	$	56,401
	3,109	United Parcel Service, Inc., Class B, (7)		235,071
	4,248	United Technologies Corporation, (7)		316,221
	8,557	Verisk Analytics Inc, Class A Shares, (2)		429,989
		Total Industrials		9,029,931
		Information Technology – 26.1%
	5,881	Accenture Limited		354,624
	364	Akamai Technologies, Inc., (2)		12,806
	2,196	Altera Corporation, (7)		77,848
	6,663	Amphenol Corporation, Class A		392,317
	178	Analog Devices, Inc., (7)		6,956
	5,998	Apple, Inc., (2)		3,663,338
	22,012	Applied Materials, Inc., (7)		239,711
	6,253	Arrow Electronics, Inc., (2)		211,039
	5,277	Automatic Data Processing, Inc., (7)		298,414
	9,800	Avnet Inc., (2)		308,700
	26,257	AVX Group		255,743
	7,455	Booz Allen Hamilton Holding, (7)		129,941
	5,195	Broadcom Corporation, Class A, (2)		176,007
	5,652	Broadridge Financial Solutions, Inc.		119,653
	4,521	CA Inc.		108,820
	35,360	Cisco Systems, Inc.		563,992
	3,597	Cognizant Technology Solutions Corporation, Class A, (2)		204,202
	1,024	Computer Sciences Corporation		25,211
	10,744	CoreLogic Inc., (2)		247,112
	27,129	Corning Incorporated, (7)		309,542
	9,813	Dell Inc., (2)		116,578
	2,165	Dolby Laboratories, Inc., (2)		76,316
	4,304	DST Systems Inc.		231,986
	7,585	eBay Inc., (2)		336,016
	5,015	Echostar Holding Corproation, Class A, (2)		144,432
	12,466	EMC Corporation, (2), (7)		326,734
	2,897	Fairchild Semiconductor International Inc., Class A, (2), (7)		40,152
	6,690	Fidelity National Information Services		210,334
	5,504	Fiserv, Inc., (2), (7)		385,996
	1,245	FleetCor Technologies Inc., (7)		45,965
	6,067	FLIR Systems Inc.		124,070
	5,310	Freescale Semiconductor, Inc., (2), (7)		56,658
	2,039	Gartner Inc.		90,511
	1,116	Global Payments Inc.		47,787
	1,557	Google Inc., Class A, (2)		985,534
	2,220	Harris Corporation		92,463
	16,208	Hewlett-Packard Company		295,634
	3,568	IAC/InterActiveCorp.		187,712
	11,112	Ingram Micro, Inc., Class A, (2)		166,569

Nuveen Investments 133

Portfolio of Investments (Unaudited)

Nuveen Quantitative Enhanced Core Equity Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Information Technology (continued)
	43,030	Intel Corporation, (7)	$	1,105,871
	8,264	International Business Machines Corporation (IBM)		1,619,579
	3,322	International Rectifier Corporation, (2), (7)		56,607
	2,203	Itron Inc., (2)		85,851
	10,788	Jabil Circuit Inc.		234,100
	9,090	JDS Uniphase Corporation, (2)		89,446
	3,910	Juniper Networks Inc., (2), (7)		68,542
	1,104	KLA-Tencor Corporation		56,205
	3,658	Linear Technology Corporation, (7)		117,971
	631	MasterCard, Inc.		275,476
	2,023	Maxim Integrated Products, Inc.		55,086
	6,532	Micron Technology, Inc., (2)		40,564
	42,024	Microsoft Corporation		1,238,447
	10,717	Motorola Solutions Inc.		518,060
	4,273	NCR Corporation, (2)		99,646
	640	NetApp, Inc., (2)		20,909
	2,543	NeuStar, Inc., (2), (7)		90,048
	8,099	NVIDIA Corporation, (2), (7)		109,660
	5,314	ON Semiconductor Corporation, (2)		36,879
	17,496	Oracle Corporation		528,379
	4,221	Paychex, Inc., (7)		137,984
	2,558	Polycom Inc., (2)		22,357
	15,181	QUALCOMM, Inc.		906,002
	19,187	SAIC, Inc., (7)		221,994
	3,621	SanDisk Corporation, (2), (7)		148,932
	5,656	SunPower Corporation, (2), (7)		22,172
	1,042	Symantec Corporation, (2)		16,412
	11,701	TE Connectivity Limited		386,250
	1,418	Tech Data Corporation, (2)		71,042
	51,956	Tellabs Inc.		170,935
	1,114	Teradata Corporation, (2), (7)		75,329
	12,904	Texas Instruments Incorporated, (7)		351,505
	6,695	Total System Services Inc.		158,337
	3,006	Trimble Navigation Limited, (2)		133,046
	3,296	VeriSign, Inc., (2)		146,408
	2,533	Visa Inc., (7)		326,934
	5,663	Vishay Intertechnology Inc., (2)		55,894
	2,581	Western Digital Corporation, (2)		102,646
	4,668	Western Union Company, (7)		81,363
	18,611	Xerox Corporation		128,974
	1,742	Xilinx, Inc.		56,441
	11,908	Yahoo! Inc., (2)		188,623
	2,084	Zebra Technologies Corporation, Class A, (2)		71,981
		Total Information Technology		22,096,310

134 Nuveen Investments

Shares		Description (1)								Value
		Materials – 0.6%
	3,474	Dow Chemical Company, (7)								$	99,982
	2,025	E.I. Du Pont de Nemours and Company, (7)									100,643
	4,927	Freeport-McMoRan Copper & Gold, Inc.									165,892
	1,359	Newmont Mining Corporation									60,433
	902	Praxair, Inc.									93,591
		Total Materials									520,541
		Telecommunication Services – 3.7%
	41,564	AT&T Inc., (7)									1,576,107
	5,929	CenturyLink Inc., (7)									246,291
	11,374	Sprint Nextel Corporation, (2)									49,591
	2,038	Telephone and Data Systems Inc.									49,381
	12,724	TW Telecom Inc., (2)									319,752
	20,476	Verizon Communications Inc.									924,285
		Total Telecommunication Services									3,165,407
		Total Common Stocks (cost $74,050,707)									82,020,333
Shares		Description (1)								Value
		WARRANTS – 0.0%
	2,465	Kinder Morgan Inc., Uncovered Equity Options Warrant, (2)								$	7,273
		Total Warrants (cost $4,696)									7,273
Shares		Description (1)								Value
		INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 35.3%
		Money Market Funds – 35.3%
	29,903,204	Mount Vernon Securities Lending Prime Portfolio, 0.276%, (4), (5)								$	29,903,204
		Total Investments Purchased with Collateral From Securities Lending (cost $29,903,204)									29,903,204
Shares/ Principal Amount (000)		Description (1)	Coupon			Maturity		Ratings (3)		Value
		SHORT-TERM INVESTMENTS – 3.4%
		Money Market Funds – 3.0%
	2,550,040	First American Treasury Obligations Fund, Class Z		0.000%	(4)		N/A		N/A	$	2,550,040
		U.S. Government and Agency Obligations – 0.4%
$	350	U.S. Treasury Bill, (6)		0.070%			9/20/12		Aaa		349,966
		Total Short-Term Investments (cost $2,899,999)									2,900,006
		Total Investments (cost $106,858,606) – 135.5%									114,830,816
		Other Assets Less Liabilities – (35.5)%									(30,110,830)
		Net Assets – 100%								$	84,719,986

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable

Nuveen Investments 135

Portfolio of Investments (Unaudited)

Nuveen Quantitative Enhanced Core Equity Fund (continued)

July 31, 2012

inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	82,020,333	$	—	$	—	$	82,020,333
Warrants		7,273		—		—		7,273
Investments Purchased with Collateral from Securities Lending	$	29,903,204		—		—		29,903,204
Short-Term Investments:
Money Market Funds		2,530,040		—		—		2,530,040
U.S. Government & Agency Obligations		—		349,966		—		349,966
Total	$	114,480,850	$	349,966	$	—	$	114,830,816

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments was $107,823,328.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	10,554,898
Depreciation		(3,547,410	)
Net unrealized appreciation (depreciation) of investments	$	7,007,488

136 Nuveen Investments

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

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

(3) Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investor Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.

(4) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(5) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker-dealers, banks, and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.

(6) Investment, or portion of investment, segregated as collateral for investments in derivatives.

(7) Investment, or a portion of investment, is out on loan for securities lending.

N/A Not applicable

REIT Real Estate Investment Trust

Nuveen Investments 137

Portfolio of Investments (Unaudited)

Nuveen Tactical Market Opportunities Fund

July 31, 2012

Shares		Description (1)								Value
		EXCHANGE-TRADED FUNDS – 25.1%
	10,000	Global X FTSE Colombia 20 ETF								$	206,500
	5,000	I-Shares 10+ Year Credit Bond Fund									316,250
	53,000	iShares Barclays 1-3 Year Credit Bond Fund									5,579,840
	5,000	iShares Barclays Mortgage-Backed Securities Bond Fund									545,250
	307,000	I-Shares FTSE NAREIT Mortgage Plus Capped Index Fund									4,528,250
	100,000	I-Shares I-Boxx High Yield Corporate Bond Fund									9,170,000
	20,000	iShares MSCI Brazil Index Fund									1,049,000
	132,000	iShares MSCI Malaysia Index Fund									1,902,120
	26,000	I-Shares S&P National Municipal Bond Fund									2,913,872
	39,000	iShares S&P Short Term National AMT-Free Bond Fund									4,178,850
	342,000	Market Vectors Emerging Markets Local Currency Bond ETF									8,926,200
	27,000	Market Vectors Gold Miners ETF									1,155,060
	100,000	Market Vectors Russia ETF									2,645,000
	4,000	PowerShares DB Gold Fund, (2)									222,480
	86,000	PowerShares Senior Loan Portfolio									2,113,020
	47,100	S&P 500									6,486,141
	140,000	SPDR Barclays Capital High Yield Bond Fund									5,583,200
	27,500	SPDR Standard & Poor’s Emerging Markets Dividend ETF									1,186,625
	30,000	SPDR Standard and Poor’s International Dividend ETF									1,283,700
		Total Exchange-Traded Funds (cost $59,085,804)									59,991,358
Principal Amount (000)		Description (1)	Coupon			Maturity		Ratings (3)		Value
		SOVEREIGN DEBT – 0.3%
$	750	United Mexican States		5.875%			1/15/14		Baa1	$	799,125
$	750	Total Sovereign Debt (cost $797,826)									799,125
Principal Amount (000)		Description (1)	Coupon			Maturity		Ratings (3)		Value
		U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 4.6%
$	7,800	U.S. Treasury Bonds		4.500%			8/15/39		Aaa	$	10,932,184
$	7,800	Total U.S. Government and Agency Obligations (cost $9,308,730)									10,932,184
Shares/ Principal Amount (000)		Description (1)	Coupon			Maturity		Ratings (3)		Value
		SHORT-TERM INVESTMENTS – 66.8%
		Money Market Funds – 57.5%
	137,291,186	First American Treasury Obligations Fund, Class Z		0.000%	(4)		N/A		N/A	$	137,291,186
		U.S. Government and Agency Obligations – 9.3%
$	1,200	U.S. Treasury Bill, (5)		0.108%			8/23/2012		Aaa		1,199,962
	15,000	U.S. Treasury Bill, (5)		0.123%			9/13/2012		Aaa		14,998,740
	6,100	U.S. Treasury Bill, (5)		0.123%			9/20/2012		Aaa		6,099,408
$	22,300	Total U.S. Government and Agency Obligations									22,298,110
		Total Short-Term Investments (cost $159,587,841)									159,589,296
		Total Investments (cost $228,780,201) – 96.8%									231,311,963
		Other Assets Less Liabilities – 3.2% (6)									7,657,501
		Net Assets – 100%								$	238,969,464

138 Nuveen Investments

Investments in Derivatives at July 31, 2012:

Futures Contracts outstanding:

Type	Contract Position		Number of Contracts			Contract Expiration		Value			Unrealized Appreciation (Depreciation)
Amsterdam Index		Long		48			8/12	$	3,838,866		$	78,305
Australian 10-Year Bond		Long		205			9/12		20,895,966			45,997
Australian Dollar Currency		Short		(35	)		9/12		(3,663,800	)		(190,448	)
CBOE VIX Index		Long		35			8/12		696,500			24,378
DAX Index		Short		(18	)		9/12		(3,756,183	)		(359,670	)
Dollar Index		Long		105			9/12		8,684,551			(19,327	)
E-Mini MSCI Emerging Markets Index		Long		81			9/12		3,829,275			178,026
Hang Seng Index		Short		(36	)		9/12		(4,575,960	)		(217,935	)
H-Shares Index		Long		67			10/12		4,166,170			188,437
Mexican Bolsa Index		Short		(92	)		9/12		(2,827,347	)		(233,502	)
Mexican Peso		Long		28			9/12		1,046,850			57,282
NASDAQ 100 E-Mini		Short		(147	)		9/12		(7,751,310	)		(212,373	)
Russell 2000 Mini Index		Short		(167	)		9/12		(13,102,820	)		(324,335	)
S&P 500 Index		Long		167			9/12		11,477,910			454,188
FTSE 100 Index		Long		12			9/12		1,054,718			27,816
SET50 Index		Short		(153	)		9/12		(3,995,891	)		(156,964	)
SPI 200		Long		34			9/12		3,775,812			163,057
											$	(497,068	)

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1			Level 2		Level 3		Total
Long-Term Investments:
Exchange-Traded Funds	$	59,991,358		$	—	$	—	$	59,991,358
Sovereign Debt		—			799,125		—		799,125
U.S. Government & Agency Obligations		—			10,932,184		—		10,932,184
Short-Term Investments:
Money Market Funds		137,291,186			—		—		137,291,186
U.S. Government and Agency Obligations		—			22,298,110		—		22,298,110
Derivatives:
Futures Contracts*		(497,068	)		—		—		(497,068	)
Total	$	196,785,476		$	34,029,419	$	—	$	230,814,895

* Represents net unrealized appreciation (depreciation) as reported in the Fund’s Portfolio of Investments.

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the

Nuveen Investments 139

Portfolio of Investments (Unaudited)

Nuveen Tactical Market Opportunities Fund (continued)

July 31, 2012

funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Derivative Instruments and Hedging Activities

The Fund records derivative instruments at fair value, with changes in fair value recognized on the Statement of Operations, when applicable. Even though the Fund’s investments in derivatives may represent economic hedges, they are not considered to be hedge transactions for financial reporting purposes.

The following tables presents the fair value of all derivative instruments held by the Fund as of July 31, 2012, the location of these instruments on the Statement of Assets and Liabilities, and the primary underlying risk exposure.

		Location on the Statement of Assets and Liabilities
Underlying Risk Exposure	Derivative Instrument	Asset Derivatives			Liability Derivatives
		Location	Value		Location	Value
Equity	Futures Contracts	Payable for variation margin on futures contracts*	$	1,217,486	Payable for variation margin on futures contracts*	$	(1,524,106	)
Foreign Currency Exchange Rate	Futures Contracts	—		—	Payable for variation margin on futures contracts*		(190,448	)
Total			$	1,217,486		$	(1,714,554	)

* Value represents unrealized appreciation (depreciation) of futures contracts as reported in the Fund’s Portfolio of Investments and not the deposits with brokers, if any, or the receivable or payable for variation margin on futures contracts presented on the Statement of Assets and Liabilities.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments was $228,823,009.

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	3,425,724
Depreciation		(936,770	)
Net unrealized appreciation (depreciation) of investments	$	2,488,954

(1) All percentages shown in the Portfolio of Investments are based on net assets.

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

(3) Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investor Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.

(4) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(5) Investment, or portion of investment, segregated as collateral for investments in derivatives.

(6) Other Assets Less Liabilities includes the Unrealized Appreciation (Depreciation) of derivative instruments as listed within Investments in Derivatives at July 31, 2012.

N/A Not applicable

ETF Exchange-Traded Fund

SPDR  Standard & Poor’s Depositary Receipts

140 Nuveen Investments

Portfolio of Investments (Unaudited)

Nuveen Large Cap Growth Opportunities Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 96.6%
		Consumer Discretionary – 18.8%
	66,795	Amazon.com, Inc., (2), (3)	$	15,583,274
	27,014	AutoZone, Inc., (2)		10,136,463
	66,108	BorgWarner Inc., (2), (3)		4,435,847
	80,478	Coach, Inc.		3,969,980
	155,395	Dollar Tree Stores Inc., (2)		7,822,584
	152,479	GNC Holdings Inc., Class A		5,875,016
	86,271	Lululemon Athletica Inc., (2), (3)		4,872,586
	136,878	PetSmart Inc., (3)		9,049,005
	20,768	Priceline.com Incorporated, (2), (3)		13,743,016
	52,563	Ralph Lauren Corporation		7,586,943
	161,817	Starbucks Corporation		7,327,074
	218,010	TJX Companies, Inc.		9,653,483
	131,890	YUM! Brands, Inc.		8,551,748
		Total Consumer Discretionary		108,607,019
		Consumer Staples – 10.6%
	186,974	Coca-Cola Company, (3)		15,107,499
	109,409	Costco Wholesale Corporation		10,522,958
	134,214	Estee Lauder Companies Inc., Class A, (3)		7,030,129
	92,007	Mead Johnson Nutrition Company, Class A Shares, (3)		6,712,831
	129,538	Monster Beverage Corporation, (2)		8,610,391
	146,701	Whole Foods Market, Inc.		13,464,218
		Total Consumer Staples		61,448,026
		Energy – 3.0%
	36,262	Concho Resources Inc., (2)		3,091,336
	69,708	National-Oilwell Varco Inc.		5,039,888
	35,571	Pioneer Natural Resources Company, (3)		3,152,658
	88,178	Schlumberger Limited		6,283,564
		Total Energy		17,567,446
		Financials – 3.9%
	132,027	American Express Company		7,619,278
	201,230	American Tower REIT Inc.		14,550,941
		Total Financials		22,170,219
		Health Care – 14.1%
	184,319	Agilent Technologies, Inc.		7,057,575
	74,977	Alexion Pharmaceuticals Inc., (2), (3)		7,861,338
	116,688	Allergan, Inc.		9,576,584
	111,564	Cerner Corporation, (2), (3)		8,246,811
	159,307	Express Scripts, Holding Company, (2)		9,230,248
	153,326	Gilead Sciences, Inc., (2)		8,330,202
	74,841	Idexx Labs Inc., (2), (3)		6,598,731
	84,267	McKesson HBOC Inc.		7,645,545
	27,098	Mettler-Toledo International Inc., (2)		4,194,770
	80,049	Perrigo Company, (3)		9,127,187
	79,716	Vertex Pharmaceuticals Inc., (2)		3,867,023
		Total Health Care		81,736,014

Nuveen Investments 141

Portfolio of Investments (Unaudited)

Nuveen Large Cap Growth Opportunities Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Industrials – 10.0%
	93,840	Boeing Company	$	6,935,714
	83,075	Cummins Inc.		7,966,893
	196,219	Danaher Corporation, (3)		10,362,325
	86,016	Graco Inc.		3,946,414
	86,050	J.B. Hunt Transports Serives Inc., (3)		4,734,471
	109,650	Kansas City Southern Industries		7,982,520
	47,571	Precision Castparts Corporation		7,400,145
	40,900	W.W. Grainger, Inc., (3)		8,377,547
		Total Industrials		57,706,029
		Information Technology – 34.2%
	165,238	Accenture Limited		9,963,851
	101,593	Apple, Inc., (2)		62,048,941
	77,864	Citrix Systems		5,659,156
	129,250	eBay Inc., (2)		5,725,775
	142,296	EMC Corporation, (2), (3)		3,729,578
	24,628	Google Inc., Class A, (2)		15,588,785
	108,921	International Business Machines Corporation (IBM)		21,346,338
	46,282	LinkedIn Corporation, Class A Shares, (2), (3)		4,750,847
	38,512	MasterCard, Inc., Class A		16,813,184
	85,935	NetSuite Inc., (2), (3)		4,755,643
	216,464	QUALCOMM, Inc.		12,918,572
	78,150	Rackspace Hosting Inc., (2), (3)		3,429,222
	90,323	Red Hat, Inc., (2), (3)		4,846,732
	32,731	Salesforce.com, Inc., (2), (3)		4,070,427
	109,389	Teradata Corporation, (2), (3)		7,396,884
	89,567	Visa Inc., (3)		11,560,413
	33,740	VMware Inc., Class A, (3)		3,062,242
		Total Information Technology		197,666,590
		Materials – 2.0%
	137,130	Monsanto Company		11,741,069
		Total Common Stocks (cost $411,878,769)		558,642,412
Shares		Description (1)	Value
		INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 22.0%
		Money Market Funds – 22.0%
	127,123,436	Mount Vernon Securities Lending Prime Portfolio, 0.270% (4), (5)	$	127,123,436
		Total Investments Purchased with Collateral from Securities Lending (cost $127,123,436)		127,123,436
Shares		Description (1)	Value
		SHORT-TERM INVESTMENTS – 2.2%
		Money Market Funds – 2.2%
	12,752,458	First American Treasury Obligations Fund, Class Z, 0.000% (4)	$	12,752,458
		Total Short-Term Investments (cost $12,752,458)		12,752,458
		Total Investments (cost $551,754,663) – 120.8%		698,518,306
		Other Assets Less Liabilities – (20.8)%		(120,328,154)
		Net Assets – 100%	$	578,190,152

142 Nuveen Investments

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	558,642,412	$	—	$	—	$	558,642,412
Investments Purchased with Collateral from Securities Lending		127,123,436		—		—		127,123,436
Short-Term Investments:
Money Market Funds		12,752,458		—		—		12,752,458
Total	$	698,518,306	$	—	$	—	$	698,518,306

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

Nuveen Investments 143

Portfolio of Investments (Unaudited)

Nuveen Large Cap Growth Opportunities Fund (continued)

July 31, 2012

At July 31, 2012, the cost of investments was $554,747,146.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	155,567,677
Depreciation		(11,796,517	)
Net unrealized appreciation (depreciation) of investments	$	143,771,160

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

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

(3) Investment, or a portion of investment, is out on loan for securities lending.

(4) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(5) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker-dealers, banks and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.

144 Nuveen Investments

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Growth Opportunities Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 98.7%
		Consumer Discretionary – 22.1%
	51,952	AutoZone, Inc., (2)	$	19,493,949
	288,838	Bed Bath and Beyond Inc., (2)		17,604,676
	121,437	BorgWarner Inc., (2), (3)		8,148,423
	19,349	Chipotle Mexican Grill, Class A, (2), (3)		5,656,293
	334,322	Dick’s Sporting Goods Inc., (3)		16,421,897
	467,098	Dollar Tree Stores Inc., (2)		23,513,713
	534,761	GNC Holdings Inc. Class A,		20,604,341
	173,392	Lululemon Athletica Inc., (2), (3)		9,793,180
	175,442	Michael Kors Holdings Limited, (2)		7,244,000
	323,281	PetSmart Inc.		21,372,107
	165,927	Polaris Industries Inc., (3)		12,471,073
	18,697	Priceline.com Incorporated, (2), (3)		12,372,553
	59,663	Ralph Lauren Corporation		8,611,757
	232,138	Ross Stores, Inc.		15,423,249
	309,148	Starwood Hotels & Resorts Worldwide, Inc.		16,740,364
	203,262	Ulta Salon, Cosmetics & Fragrance, Inc., (2)		17,252,879
	175,402	Under Armour, Inc., (3)		9,548,885
		Total Consumer Discretionary		242,273,339
		Consumer Staples – 6.0%
	127,884	Fresh Market Inc., (3)		7,531,089
	129,372	Hain Celestial Group Inc., (2)		7,204,727
	190,130	Mead Johnson Nutrition Company, Class A Shares		13,871,885
	306,018	Monster Beverage Corporation, (2)		20,341,016
	188,547	Whole Foods Market, Inc.		17,304,844
		Total Consumer Staples		66,253,561
		Energy – 5.8%
	509,509	Cobalt International Energy, Inc., (2)		12,788,676
	155,037	Core Laboratories NV, (3)		17,295,928
	384,370	Oceaneering International Inc.		19,868,085
	151,120	Pioneer Natural Resources Company, (3)		13,393,766
		Total Energy		63,346,455
		Financials – 5.5%
	126,977	Affiliated Managers Group Inc., (2)		14,169,363
	282,316	Digital Realty Trust Inc., (3)		22,040,410
	297,496	Discover Financial Services		10,697,956
	228,651	Marketaxess, (3)		6,909,833
	171,304	Zilow Inc, (2), (3)		6,451,309
		Total Financials		60,268,871
		Health Care – 16.7%
	228,592	Alexion Pharmaceuticals Inc., (2), (3)		23,967,871
	119,347	AthenaHealth Inc., (2), (3)		10,920,251
	112,743	Catamaran Corporation		9,527,911
	181,009	Cepheid, Inc., (2), (3)		5,799,528
	341,690	Cerner Corporation, (2), (3)		25,257,725

Nuveen Investments 145

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Growth Opportunities Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Health Care (continued)
	177,358	Edwards Lifesciences Corporation, (2), (3)	$	17,948,630
	213,018	Idexx Labs Inc., (2), (3)		18,781,797
	110,646	Medivation, Inc., (2), (3)		11,031,406
	158,901	Perrigo Company, (3)		18,117,892
	127,056	Regeneron Pharmaceuticals, Inc., (2), (3)		17,108,090
	403,650	ResMed Inc., (3)		12,739,194
	253,237	Vertex Pharmaceuticals Inc., (2)		12,284,527
		Total Health Care		183,484,822
		Industrials – 17.2%
	526,090	Ametek Inc.		16,308,790
	264,393	Graco Inc.		12,130,351
	420,684	Hexcel Corporation, (2), (3)		9,797,730
	130,597	IHS Inc., (2), (3)		14,400,931
	305,393	J.B. Hunt Transports Serives Inc., (3)		16,802,723
	207,587	Kansas City Southern Industries		15,112,334
	236,080	MSC Industrial Direct Inc., Class A		16,225,778
	135,568	Nordson Corporation, (3)		6,949,216
	181,207	Roper Industries Inc.		18,021,036
	188,995	Ryanair Holdings PLC		5,567,793
	161,906	TransDigm Group Inc., (2)		19,972,724
	410,134	Verisk Analytics Inc, Class A Shares, (2)		20,609,234
	205,486	Wabtec Corporation		16,270,381
		Total Industrials		188,169,021
		Information Technology – 19.5%
	342,745	Amphenol Corporation, Class A, (3)		20,180,826
	244,103	Ansys Inc., (2), (3)		14,636,416
	216,634	Citrix Systems		15,744,959
	125,790	CommVault Systems, Inc., (2), (3)		6,103,331
	360,373	Cornerstone OnDemand Inc., (2), (3)		8,569,670
	99,212	Equinix Inc., (2), (3)		17,677,594
	188,562	FleetCor Technologies Inc., (3)		6,961,709
	129,085	LinkedIn Corporation, Class A Shares, (2), (3)		13,250,575
	314,793	Micros Systems, Inc., (2), (3)		15,028,218
	155,897	NetSuite Inc., (2), (3)		8,627,340
	16,374	Palo Alto Networks, Incorporated		935,610
	214,409	Rackspace Hosting Inc., (2), (3)		9,408,267
	318,626	Red Hat, Inc., (2)		17,097,471
	75,337	Splunk Inc.		2,214,908
	286,974	Teradata Corporation, (2), (3)		19,405,182
	256,041	Trimble Navigation Limited, (2)		11,332,375
	147,327	Wright Express Corporation, (2), (3)		9,484,912
	506,038	Xilinx, Inc., (3)		16,395,631
		Total Information Technology		213,054,994

146 Nuveen Investments

Shares		Description (1)	Value
		Materials – 3.5%
	187,236	Airgas, Inc.	$	14,851,560
	138,890	Albemarle Corporation		8,086,176
	280,772	FMC Corporation		15,358,228
		Total Materials		38,295,964
		Telecommunication Services – 2.4%
	439,963	SBA Communications Corporation, (2), (3)		25,984,214
		Total Common Stocks (cost $887,303,282)		1,081,131,241
Shares		Description (1)	Value
		INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 36.6%
		Money Market Funds – 36.6%
	400,734,223	Mount Vernon Securities Lending Prime Portfolio, 0.270% (4), (5)	$	400,734,223
		Total Investments Purchased with Collateral from Securities Lending (cost $400,734,223)		400,734,223
Shares		Description (1)	Value
		SHORT-TERM INVESTMENTS – 1.9%
		Money Market Funds – 1.9%
	21,322,530	First American Treasury Obligations Fund, Class Z, 0.000% (4)	$	21,322,530
		Total Short-Term Investments (cost $21,322,530)		21,322,530
		Total Investments (cost $1,309,360,035) – 137.2%		1,503,187,994
		Other Assets Less Liabilities – (37.2)%		(407,314,421)
		Net Assets – 100%	$	1,095,873,573

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3		Total
Long-Term Investments:
Common Stocks	$	1,081,131,241	$	—	$	—	$	1,081,131,241
Investments Purchased with Collateral from Securities Lending		400,734,223		—		—		400,734,223
Short-Term Investments:
Money Market Funds		21,322,530		—		—		21,322,530
Total	$	1,503,187,994	$	—	$	—	$	1,503,187,994

Nuveen Investments 147

Portfolio of Investments (Unaudited)

Nuveen Mid Cap Growth Opportunities Fund (continued)

July 31, 2012

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments was $1,309,690,439.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	215,144,539
Depreciation		(21,646,984	)
Net unrealized appreciation (depreciation) of investments	$	193,497,555

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

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

(3) Investment, or a portion of investment, is out on loan for securities lending.

(4) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(5) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker-dealers, banks and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.

148 Nuveen Investments

Portfolio of Investments (Unaudited)

Nuveen Small Cap Growth Opportunities Fund

July 31, 2012

Shares		Description (1)	Value
		COMMON STOCKS – 95.7%
		Consumer Discretionary – 14.1%
	52,898	Ann Inc., (2), (3)	$	1,432,478
	75,469	Ascena Retail Group Inc., (2)		1,384,101
	65,744	Brunswick Corporation, (3)		1,445,711
	122,280	Caribou Coffee Company, Inc., (3)		1,390,324
	32,089	Coinstar Inc., (2), (3)		1,523,907
	87,458	Crocs, Inc., (2)		1,342,480
	73,926	hhgregg Inc., (2), (3)		508,611
	53,780	Mens Wearhouse Inc.		1,465,505
	34,835	Penske Auto Group, Inc., (3)		832,557
	93,235	Texas Roadhouse, Inc., (3)		1,613,898
		Total Consumer Discretionary		12,939,572
		Consumer Staples – 1.5%
	24,431	Treehouse Foods Inc., (2)		1,367,892
		Energy – 5.9%
	23,403	Dril Quip Inc., (3)		1,715,674
	48,672	Energy XXI Limited Bermuda, (3)		1,517,593
	92,811	Midstates Petroleum Co Inc. (2)		790,750
	53,543	Oasis Petroleum Inc., (2), (3)		1,401,756
		Total Energy		5,425,773
		Financials – 8.0%
	73,409	Cathay General Bancorp.		1,188,492
	56,255	East West Bancorp Inc.		1,226,359
	46,495	Evercore Partners Inc.		1,077,289
	41,351	EZCORP, Inc.		930,398
	54,652	Home Bancshares, Inc., (3)		1,647,758
	41,478	Stifel Financial Corporation, (3)		1,248,488
		Total Financials		7,318,784
		Health Care – 23.7%
	44,065	Align Technology, Inc., (2), (3)		1,496,447
	74,380	Alkermes Inc., (2), (3)		1,382,724
	10,603	AthenaHealth Inc., (2), (3)		970,175
	27,145	Cepheid, Inc., (2), (3)		869,726
	31,245	Cubist Pharmaceuticals Inc., (3)		1,345,410
	23,236	Haemonetics Corporation, (3)		1,670,901
	74,491	HealthSouth Corporation, (3)		1,668,598
	47,280	HMS Holdings Corporation, (2), (3)		1,626,905
	19,381	ICU Medical, Inc., (2), (3)		1,033,589
	46,494	Idenix Pharmaceuticals Inc., (2), (3)		470,984
	26,587	Immunogen, Inc., (2), (3)		429,114
	87,648	Impax Laboratories Inc., (2), (3)		1,947,539
	18,940	Incyte Pharmaceuticals Inc., (2), (3)		473,311
	24,143	IPC The Hospitalist Company, Inc., (2)		1,038,149
	4,977	Medivation, Inc., (2), (3)		496,207
	57,447	NuVasive, Inc., (2)		1,200,068

Nuveen Investments 149

Portfolio of Investments (Unaudited)

Nuveen Small Cap Growth Opportunities Fund (continued)

July 31, 2012

Shares		Description (1)	Value
		Health Care (continued)
	7,931	Onyx Pharmaceuticals Inc.	$	594,587
	11,381	Pharmacyclics, Inc., (3)		605,583
	67,705	PSS World Medical Inc., (2), (3)		1,414,357
	22,151	Theravance Inc., (2), (3)		645,259
	17,909	Vivus, Inc., (3)		376,626
		Total Health Care		21,756,259
		Industrials – 18.0%
	46,660	Actuant Corporation		1,327,944
	24,653	Acuity Brands Inc., (3)		1,428,395
	35,732	Alaska Air Group, Inc.		1,245,260
	51,346	ESCO Technologies Inc., (3)		1,848,969
	41,385	General Cable Corporation		1,081,390
	101,573	Interface, Inc.		1,346,858
	84,415	MasTec Inc., (2), (3)		1,347,263
	69,506	MYR Group Inc., (2)		1,134,338
	121,761	Orbital Sciences Corporation, (2), (3)		1,595,069
	52,003	Tetra Tech, Inc., (2)		1,336,997
	79,213	TrueBlue Inc., (2), (3)		1,205,622
	48,736	Woodward Governor Company, (3)		1,636,068
		Total Industrials		16,534,173
		Information Technology – 23.0%
	60,344	ADTRAN, Inc., (3)		1,302,224
	58,696	Advent Software Inc., (2), (3)		1,335,921
	107,655	Aruba Networks, Inc., (3)		1,526,548
	84,208	Fabrinet, (2), (3)		1,118,282
	31,736	IPG Photonics Corporation, (2), (3)		1,644,877
	99,440	IXIA, (2), (3)		1,541,320
	143,777	JDS Uniphase Corporation, (2)		1,414,766
	53,483	Kenexa Corporation, (3)		1,273,430
	47,469	MKS Instruments Inc.		1,253,182
	52,866	National Instruments Corporation, (3)		1,366,057
	110,876	Perficient, Inc., (2)		1,473,542
	160,479	Photronics Inc., (2), (3)		938,802
	32,838	Plantronics Inc., (3)		1,077,743
	67,691	Semtech Corporation, (3)		1,617,138
	83,985	Teradyne Inc., (2), (3)		1,235,419
	591,081	VideoPropulsion Inc., (2), (4)		—
	45,046	Volterra Semiconductor Corporation		1,035,155
		Total Information Technology		21,154,406
		Materials – 1.5%
	45,267	H.B. Fuller Company, (3)		1,322,700
		Total Common Stocks (cost $80,812,589)		87,819,559

150 Nuveen Investments

Shares		Description (1)	Value
		INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING – 46.8%
		Money Market Funds – 46.8%
	42,966,137	Mount Vernon Securities Lending Prime Portfolio, 0.270% (5), (6)	$	42,966,137
		Total Investments Purchased with Collateral from Securities Lending (cost $42,966,137)		42,966,137
Shares		Description (1)	Value
		SHORT-TERM INVESTMENTS – 3.7%
		Money Market Funds – 3.7%
	3,402,395	First American Treasury Obligations Fund, Class Z, 0.000% (5)	$	3,402,395
		Total Short-Term Investments (cost $3,402,395)		3,402,395
		Total Investments (cost $127,181,121) – 146.2%		134,188,091
		Other Assets Less Liabilities – (46.2)%		(42,405,043)
		Net Assets – 100%	$	91,783,048

Fair Value Measurements

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 –	Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 –	Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 –	Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

	Level 1		Level 2		Level 3			Total
Long-Term Investments:
Common Stocks	$	87,819,559	$	—	$	—	*	$	87,819,559
Investments Purchased with Collateral from Securities Lending		42,966,137		—		—			42,966,137
Short-Term Investments:
Money Market Funds		3,402,395		—		—			3,402,395
Total	$	134,188,091	$	—	$	—	*	$	134,188,091

* Level 3 security has a market value of zero.

The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to

Nuveen Investments 151

Portfolio of Investments (Unaudited)

Nuveen Small Cap Growth Opportunities Fund (continued)

July 31, 2012

maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2012, the cost of investments was $128,552,892.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2012, were as follows:

Gross unrealized:
Appreciation	$	11,078,842
Depreciation		(5,443,643	)
Net unrealized appreciation (depreciation) of investments	$	5,635,199

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

(1) All percentages shown in the Portfolio of Investments are based on net assets.

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

(3) Investment, or a portion of investment, is out on loan for securities lending.

(4) Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board of Directors. For fair value measurement disclosure purposes, investment categorized as Level 3.

(5) The rate shown is the annualized seven-day effective yield as of July 31, 2012.

(6) The Fund may loan securities representing up to one third of the fair value of its total assets (which includes collateral for securities on loan) to broker-dealers, banks and other institutions. The Fund maintains collateral equal to at least 100% of the fair value of the securities loaned. The cash collateral received by the Fund is invested in this money market fund.

152 Nuveen Investments

Item 2. 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 (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 registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See Ex-99. CERT 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.

(Registrant) Nuveen Investment Funds, Inc.

By (Signature and Title)	/s/ Kevin J. McCarthy
	Vice President and Secretary

Date: September 28, 2012

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.

By (Signature and Title)	/s/ Gifford R. Zimmerman
	Chief Administrative Officer (principal executive officer)

Date: September 28, 2012

By (Signature and Title)	/s/ Stephen D. Foy
	Vice President and Controller (principal financial officer)

Date: September 28, 2012