Fund Facts  

Inception Date: Dec 9, 2004
CUSIP: 67064Y636
Ticker Symbol: NVORX
Morningstar Category:Large Value
As of Dec 31, 2016
Fund Net Assets ($millions) $208

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term capital appreciation.

Principal Investment Strategies  

Under normal market conditions, the fund invests primarily in equity securities of companies with varying market capitalizations, which may include small-, mid- and large-capitalization companies. The fund's sub-adviser opportunistically seeks to identify under-valued companies considering absolute valuation and security pricing in the context of industry and market conditions.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Dec 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Nuveen Tradewinds Value Opps Ia3.28%9.24%9.24%5.64%9.02%7.53%10.08%
Russell 3000 Value Indexa,b2.99%2.99%19.97%8.58%13.08%5.94%N/A
Morningstar Large Valuea,c3.70%3.70%17.44%7.32%11.47%5.59%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total annual fund operating expensesa0.93%
Fee waiver and/or expense reimbursement0.03%
Total Expenses0.90%

A contractual expense waiver exists for this fund and will expire on 10-31-2017.

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Russell 3000® Value Index measures the performance of those Russell 3000® Index companies with lower price-to-book ratios and lower forecasted growth values. The stocks in this index are also members of either the Russell 1000® Value or the Russell 2000® Value indexes.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal–weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Mar 22, 2017Mar 22, 2017$1.935700000
Dec 29, 2016Dec 29, 2016$0.785000000
Dec 15, 2016Dec 15, 2016$2.997100000
Dec 30, 2015Dec 30, 2015$0.295400000
Dec 15, 2015Dec 15, 2015$2.769900000
Dec 30, 2014Dec 30, 2014$0.450000000
Dec 15, 2014Dec 15, 2014$6.279200000
Dec 30, 2013Dec 30, 2013$0.453300000
Dec 13, 2013Dec 13, 2013$1.039800000
 

Morningstar Information

Morningstar RatingTM   As of Dec 31, 2016
Period Stars Category Size
Overall 3 Stars1084
3-Year 2 Stars1084
5-Year 1 Stars936
10-Year 4 Stars679

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Dec 31, 2016
Equity Stylebox
Large Value
Allocation of Assets As of Nov 30, 2016
Type of Asset Percent
Equity86%
Fixed Income8%
Cash/Other6%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Nov 30, 2016
Asset ClassPercent
Domestic Stock64.0%
Foreign Stock22.1%
Domestic Bond1.3%
Foreign Bond0.7%
Preferred6.2%
Convertible0.0%
Cash2.5%
Other3.2%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Nov 30, 2016
SectorPercent
Financial Services20.5%
Industrials13.6%
Technology12.1%
Consumer Cyclical9.9%
Healthcare8.5%
Energy6.4%
Communication Services4.5%
Utilities3.6%
Real Estate2.7%
Consumer Defensive2.6%
Basic Materials0.6%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of Nov 30, 2016
Holding NamePercent
Citigroup Inc4.5%
Unum Group3.6%
Oracle Corp3.3%
General Electric Co3.3%
American International Group Inc2.9%
CSX Corp2.7%
Exxon Mobil Corp2.7%
Teva Pharmaceutical Industries Ltd2.6%
Pfizer Inc2.5%
Alphabet Inc C2.4%
 

Statistics

Portfolio Statistics As of Dec 31, 2016
Statistic3-Year5-Year
Beta0.980.99
Alpha-2.50-4.96
Standard Deviation11.7312.31
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.