These Nuveen Funds have received Morningstar’s Overall rating of four or five stars as of the period specified.
As of Date: 2/28/2010
LW - Load Waived
Morningstar ratings may vary among share classes and are based on historical risk-adjusted
total returns, which are not indicative of future results. Some funds may have experienced
negative returns over the time periods rated.
For each fund with at least a three-year history, Morningstar calculates a Morningstar
RatingTM based on a Risk-Adjusted Return measure that accounts for variation
in a fund's monthly performance (including the effects of sales charges, loads and
redemption fees), placing more emphasis on downward variations and rewarding consistent
performance. Within each asset class, the top 10%, the next 22.5%, 35%, 22.5%, and
the bottom 10% receive 5, 4, 3, 2, or 1 star, respectively. (Each share class is
counted as a fraction of one fund within this scale and rated separately, which
may cause slight variations in the distribution percentages.) Each fund is rated
exclusively against U.S. domiciled funds. The Overall Morningstar Rating™ is based
on the weighted average of the number of stars assigned to the fund's applicable
time periods. In cases where the fund has changed investment categories, its historical
information is given less weight. If the fund has been in existence at least 10
years, the 10-year rating accounts for 50%, the 5-year for 30%, and the 3-year for
20%. If the fund has been in existence at least 5 years, but less than 10 years,
the 5-year rating accounts for 60% and the 3-year for 40%. If the fund has been
in existence for 3 years, but less than 5 years, the 3-year rating accounts for
100%.
Load-waived (LW) Class A share star ratings do not include any front-end sales load
and are intended for those investors who have access to such purchase terms (e.g.,
plan participants of a defined contribution plan). Not all A share mutual funds
for which Morningstar calculates a load-waived A share star rating may actually
waive their front-end sales load. Absent the waiver, ratings may be lower. All
of the funds above offer A shares at maximum sales charge which varies by fund;
and I shares which have no sales charge. Ratings are for the share class cited only;
other share classes have different performance and different Morningstar RatingsTM.
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 June 15, 2009, Peter
Boardman and Alberto Jimenez Crespo became co-portfolio managers of the Nuveen Tradewinds
International Value Fund, succeeding Paul J. Hechmer. The Funds investment objective,
process and philosophy remained the same.
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.
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(2) may not be copied; 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. ©2009 Morningstar, Inc. All Rights
Reserved.