Investment Strategy
| Under normal conditions, the fund will invest at least 80% of its net assets in fixed income securities using a risk-controlled, multi-strategy approach that invests across multiple sectors of the taxable fixed income market. Typically the fund's average duration will be five years or less and will never be more than six years. |
Who should invest
Investors Seeking to:
| - Earn regular monthly dividends
- Preserve investment capital over time
- Set aside money systematically for retirement, estate planning or college funding
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Fund Basics: Shares
Select Share Class:
A | B† | C | I† | R3
| Fund Symbol | NCBAX |
| Fund Cusip | 67066D507 |
| Inception Date | 12/20/2004 |
| Latest NAV as of 11/20/2009 | $20.67 |
| Latest Monthly Dividend (11/27/2009) | $0.0900 |
| Fund Symbol | NBCBX |
| Fund Cusip | 67066D606 |
| Inception Date | 12/20/2004 |
| Latest NAV as of 11/20/2009 | $20.76 |
| Latest Monthly Dividend (11/27/2009) | $0.0780 |
| Fund Symbol | NCBCX |
| Fund Cusip | 67066D705 |
| Inception Date | 12/20/2004 |
| Latest NAV as of 11/20/2009 | $20.68 |
| Latest Monthly Dividend (11/27/2009) | $0.0775 |
| Fund Symbol | NMSTX |
| Fund Cusip | 67066D788 |
| Inception Date | 8/04/2008 |
| Latest NAV as of 11/20/2009 | $20.66 |
| Latest Monthly Dividend (11/27/2009) | $0.0860 |
| Fund Symbol | NCBRX |
| Fund Cusip | 67066D804 |
| Inception Date | 12/20/2004 |
| Latest NAV as of 11/20/2009 | $20.67 |
| Latest Monthly Dividend (11/27/2009) | $0.0945 |
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A Word On Risk
| An investment in the Fund is subject to certain risks, including Credit risk-the risk that an issuer of a bond will be unable to make interest and principal payments when due; Interest rate risk, the risk that interest rates will rise, causing bond prices to fall. Foreign and domestic interest rates may rise or fall by differing amounts and, as a result, the Fund's investment in foreign securities or foreign interest rate swaps may expose the Fund to additional risks. |  | | The Fund may bear additional risk because it invests in mortgage-related securities. The Fund's investment in foreign issuers presents the risk that foreign securities will be more volatile than U.S. securities due to such factors as adverse economic, currency, political, social or regulatory developments in a country or differing legal and/or accounting standards. Currency risk is the risk that the value of the Fund's portfolio will be more volatile due to changes in foreign currency exchange rates. |
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Portfolio Manager
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| Andrew Stenwall joined Nuveen in 2004. Prior to being at Nuveen, he served as the Fixed Income CIO for Banc of America Capital Management. His earlier experience includes tenure with Lazard Freres Asset Management as a senior portfolio manager, Lehman Brothers Global Asset Management also as a senior portfolio manager, and Lehman Brothers as vice president of mortgage portfolio strategies. Andrew began his investment career in 1988 as an analyst with Paine Webber. Andrew earned his MBA from the Anderson Graduate School of Management at UCLA and a bachelor's degree in aeronautical engineering from Rensselaer Polytechnic Institute. | |
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†
Effective May 1, 2008 Class B shares are only issued upon exchange of Class B shares
from another Nuveen Fund or for purposes of dividend reinvestment.
Effective December 31, 2008 the reinstatement privilege for Class B shares
will no longer be available. Effective May 1, 2008, Class R shares were
renamed Class I shares. See the Fund's prospectus for more information.
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| Effective August 1, 2007, the Fund changed its name from Nuveen Core Bond Fund to Nuveen Multi-Strategy Income Fund to better reflect the investment process of the manager. There have been no changes in the fund's investment objectives, policies or portfolio management personnel. |
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