Registry rank 2881 · Portfolio as of 2026-03-31

Nuveen Multi Cap Value Fund

NQVAX · NQVCX · NQVRX

Best-fit active share83.8%vs IWD · fund as of 2026-03-31 · proxy as of 2026-03-31

Declared-benchmark active share89.5%Russell 3000® Index · benchmark mismatch · fund as of 2026-03-31 · proxy as of 2026-03-31 · declared source as of 2025-06-30

NQVAX expense ratio1.15%SEC expense filing · as of 2025-06-30

NQVAX fee per active unit1.37%expense as of 2025-06-30; fund as of 2026-03-31; proxy as of 2026-03-31

Filed fees in dollars

SEC-convention illustration

Computed from SEC filings

Assumptions for each dollar figure: $100,000 starting amount · 5.0% annual return · annual compounding · fees deducted annually · 0.01% computed index-control baseline. Methodology.

Illustrated difference between each class’s filed expense ratio and the computed index-control baseline. Computed from SEC filings.
Share class and filing	10 years	20 years	30 years
NQVAX1.15% · SEC expense filing · as of 2025-06-30	$16,831	$51,947	$120,366
NQVCX1.90% · SEC expense filing · as of 2025-06-30	$27,032	$80,674	$181,065
NQVRX0.90% · SEC expense filing · as of 2025-06-30	$13,280	$41,460	$97,134

Real trailing windows

Computed on licensed market-return history

Trailing windows use IWD adjusted-close total-return history through 2026-07-29 and the same filed index-control fee baseline as the convention table. Methodology.

Dollar fee drag over actual trailing proxy-return windows. Each result below is computed on licensed market-return history.
Share class and filing	10 years	20 years	30 years
NQVAXFiled fee as of 2025-06-30	$28,769Computed on licensed market-return history 2016-07-29 to 2026-07-29 · proxy return 11.41% annualized	$100,160Computed on licensed market-return history 2006-07-31 to 2026-07-29 · proxy return 8.68% annualized	Proxy history begins 2000 — no full 30-year window
NQVCXFiled fee as of 2025-06-30	$46,289Computed on licensed market-return history 2016-07-29 to 2026-07-29 · proxy return 11.41% annualized	$155,883Computed on licensed market-return history 2006-07-31 to 2026-07-29 · proxy return 8.68% annualized	Proxy history begins 2000 — no full 30-year window
NQVRXFiled fee as of 2025-06-30	$22,686Computed on licensed market-return history 2016-07-29 to 2026-07-29 · proxy return 11.41% annualized	$79,881Computed on licensed market-return history 2006-07-31 to 2026-07-29 · proxy return 8.68% annualized	Proxy history begins 2000 — no full 30-year window

These figures are illustrations, not predictions or personalized advice. Returns and fees can differ. Read the research disclaimer.

Change the illustration

Return mode 5% SEC convention Real trailing window

Share classStarting amount ($)YearsAnnual return (%)

Computed from SEC filings

Assumptions for the dollar figures below: $100,000 starting amount; 5.0% annual return; 20 years; annual compounding; fees deducted annually; 0.01% computed index-control baseline. NQVAX SEC expense filing, as of 2025-06-30. Methodology.

SEC-convention illustration for NQVAX; expense ratio filed as of 2025-06-30.
Result	Amount
Ending value at baseline	$264,825
Ending value at filed expense ratio	$212,878
Difference attributed to fee drag	$51,947

This is an illustration, not a prediction or personalized advice. Returns and fees can differ. Read the research disclaimer.

Largest active differences vs IWD

The bars are labeled and repeated in the table; color is not the only signal. Linked company names open Buy Like Buffett’s company record; Sensible Investor does not score stocks.

FLOWSERVE CORPORATION+3.18%

CHENIERE ENERGY, INC.+3.02%

BERKSHIRE HATHAWAY INC.-2.92%

Regal Rexnord Corporation+2.91%

CITIGROUP INC.+2.80%

Shell PLC+2.60%

Viasat Inc+2.55%

GENERAL MOTORS COMPANY+2.38%

EXXON MOBIL CORPORATION-2.36%

GENERAL DYNAMICS CORPORATION+2.22%

Holding	Fund	IWD	Difference
FLOWSERVE CORPORATION	3.21%	0.03%	+3.18%
CHENIERE ENERGY, INC.	3.13%	0.11%	+3.02%
BERKSHIRE HATHAWAY INC.	0.00%	2.92%	-2.92%
Regal Rexnord Corporation	2.95%	0.04%	+2.91%
CITIGROUP INC.	3.33%	0.53%	+2.80%
Shell PLC	2.60%	0.00%	+2.60%
Viasat Inc	2.55%	0.00%	+2.55%
GENERAL MOTORS COMPANY	2.60%	0.22%	+2.38%
EXXON MOBIL CORPORATION	0.00%	2.36%	-2.36%
GENERAL DYNAMICS CORPORATION	2.50%	0.29%	+2.22%

Source and verification

SEC N-PORT filing · filed 2026-05-28 · period 2026-03-31

SEC expense filing · period 2025-06-30

Immutable verification record · Active-share method

Cite these figures

Each snippet includes the figure’s source-event date and immutable verification URL.

Best-fit active share

Sensible Investor, “Nuveen Multi Cap Value Fund — best-fit active share,” 83.8% versus IWD, fund portfolio as of 2026-03-31. https://sensible-investor.com/registry/nqvax/as-of/363649da-fcfb-4007-87ef-de06de7710ca

NQVAX filed expense ratio

Sensible Investor, “Nuveen Multi Cap Value Fund — filed expense ratio,” 1.15% for NQVAX, as of 2025-06-30. https://sensible-investor.com/registry/nqvax/as-of/363649da-fcfb-4007-87ef-de06de7710ca

NQVAX fee per active unit

Sensible Investor, “Nuveen Multi Cap Value Fund — fee per unit of active management,” 1.37% using the NQVAX expense ratio as of 2025-06-30 and fund portfolio as of 2026-03-31. https://sensible-investor.com/registry/nqvax/as-of/363649da-fcfb-4007-87ef-de06de7710ca