* Former First American Fund.
Class A Shares of Non-Intermediate National and State Municipal Bond and
Tax Free Funds have a 4.2% (2.5% for Limited Term and Short Term) maximum sales
charge. Class A Shares of Intermediate National and State Municipal Bond and Tax-Free
Funds have a 3.0% maximum sales charge. Class A Shares have a maximum sales charge
of 4.75% for the High Yield Bond Fund, High Income Bond Fund, Preferred Securities
Fund and Symphony Credit Opportunities Fund. The Multi-Strategy Core Bond Fund,
Core Bond Fund, Total Return Fund and Inflation Protected Securities class A Shares
have a maximum sales charge of 4.25%. Class A Shares of the Intermediate Government
Bond Fund and Intermediate Term Bond Fund have a maximum sales charge of 3.0%. The
Short Duration Bond Fund and Short Term Bond Fund Class A Shares have a maximum
sales charge of 2.25%. Class A Shares of the Nuveen equity and asset allocation
funds have a maximum sales charge of 5.75%. Nuveen Index, Quantitative and Enhanced
Funds Class A Shares can be purchased at NAV and are available for purchase by certain
retirement plans and wrap programs. Funds that have Class B Shares have a CDSC that
begins at 5% for redemptions during the first year and declines periodically until
after six years when the charge becomes 0%. Class B Shares automatically convert
to Class A Shares eight years after purchase. Class C Shares have a 1% CDSC for
redemptions within less than one year, which is not reflected in the one-year total
return. Class I Shares have no sales charge and may be purchased under limited circumstances
or by specified classes of investors. Class R3 Shares have no sales charge and are
available to only certain retirement plan clients of financial intermediaries.
Returns of the oldest share class or classes of a Fund are actual. Returns for other
classes are actual for the period since inception and prior to class inception are
the returns for the Fund's oldest class, adjusted for expenses.
Income from municipal and tax-free bond funds is generally exempt from regular federal
and state personal income taxes. Income may be subject to the federal alternative
minimum tax and local taxes. Capital gains distributions are subject to tax.
Mutual fund investing involves risk. Loss of principal is also possible. Debt or
fixed income securities are subject to credit risk and interest rate risk. The value
of, and income generated by debt securities will decrease or increase based on changes
in market interest rates. Credit risk refers to an issuer’s ability to make interest
and principal payments when due. High yield or lower rated bonds carry heightened
credit risk and potential for default. Asset-backed and mortgage-backed securities
are subject to additional risks such as prepayment risk, liquidity risk, default
risk and adverse economic developments. The potential use of derivative instruments
involves a high degree of financial risk, including the risk that the loss on a
derivative may be greater than the principal amount invested. Equity investments
are subject to market risk. Concentration in specific sectors or securities may
involve greater risk and volatility than more diversified investments, including
potentially adverse economic conditions and regulatory changes. Foreign investments
involve additional risks, including currency fluctuation, political and economic
instability, lack of liquidity and differing legal and accounting standards. These
risks are magnified in emerging markets. Investments in small- and mid-cap companies
are subject to greater volatility. The risk of volatility is heightened for alternative
investments or complex investment strategies.
Asset allocation funds invest in various underlying funds (primarily Nuveen funds).
Generally, your cost to invest in asset allocation funds will be higher than the
cost to invest in shares of the underlying funds. Asset allocation funds are exposed
to the risks of the underlying funds in proportion to each fund’s allocation. These
risks include, but are not limited to, market risk, volatility related to small-
and mid-cap stocks; non-diversification risk, foreign securities risk; and credit
and interest-rate risk related to debt securities.
The Tactical Market Opportunities Fund is exposed to the risks of the underlying
securities held by an exchange-traded fund (ETF) and bears its proportionate share
of the ETF's expenses. Commodity prices may be highly volatile and are affected
by factors such as changes in supply and demand, and hedging and trading strategies
of other market participants.
On December 6, 2002, the Nuveen NWQ Multi-Cap Value Fund acquired the assets and
performance history of the PBHG Special Equity Fund (the “predecessor Fund”). NWQ
served as adviser to the predecessor Fund. The investment goals, strategies and
policies of the Nuveen NWQ Multi-Cap Value Fund are substantially similar to those
of the predecessor Fund.
Effective October 7, 2002, the Nuveen Tradewinds International Value Fund, pursuant
to shareholder approval, (a) changed its name and primary investment strategy and
(b) changed its sub-adviser. Therefore, the Fund’s total returns shown for the periods
prior to October 7, 2002 are not necessarily indicative of the performance that
the Fund, as currently managed, would have generated.
Effective May 13, 2005, the Total Return Bond Fund changed certain investment strategies
and policies. This fund was formerly named the Corporate Bond Fund.
Effective November 16, 2007, the Nuveen Large-Cap Value Fund added two additional
sub-advisers and changed its investment objective. Effective May 1, 2008, the Fund
changed its name to Nuveen Multi-Manager Large-Cap Value Fund. Therefore, the Fund's
performance and ratings for periods prior to November 16, 2007 are not indicative
of the performance and ratings that the Fund, as currently managed, would have generated.
See the prospectus for more information.
Effective July 7, 2008, the Nuveen Conservative Allocation Fund made a slight change
to its investment objectives, made a significant change to its investment strategy
including the adoption of its current fund-of-funds structure, and changed its sub-advisers.
Therefore, the Fund’s performance and ratings shown for periods prior to July 7,
2008 are not indicative of the performance and ratings that the Funds, as currently
managed, would have generated. See the prospectus for more information.
Effective August 1, 2008, the Nuveen Growth Allocation Fund and the Nuveen Moderate
Allocation Fund made slight changes to their investment objectives, made significant
changes to their investment strategies including the adoption of their current fund-of-funds
structure, and changed their sub-advisers. Therefore, the Funds’ performance and
ratings shown for periods prior to August 1, 2008 are not indicative of the performance
and ratings that the Funds, as currently managed, would have generated. See the
prospectus for more information.
On May 4, 2009, the Small-Mid Cap Core Fund changed its name to the Mid Cap Select
Fund. The fund also changed its investment strategy to primarily invest in mid-cap
companies. On October 3, 2005, the fund's principal investing strategy changed from
investing primarily in technology stocks to investing in stocks of small-cap and
mid-cap companies. Performance before the dates noted above reflect an investment
portfolio that is materially different from Mid Cap Select Fund.
Select a Fund name above to view its overview page.