Investment Strategy
| Under normal conditions, the fund will invest at least 80% of its net assets in short-duration securities using a risk-controlled, multi-strategy approach. Typically the fund's average duration will be between approximately one and two years but will not exceed three 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 | C | I† | R3
| Fund Symbol | NSDAX |
| Fund Cusip | 67066D846 |
| Inception Date | 12/20/2004 |
| Latest NAV as of 11/20/2009 | $19.84 |
| Latest Monthly Dividend (11/27/2009) | $0.0690 |
| Fund Symbol | |
| Fund Cusip | |
| Inception Date | |
| Latest NAV as of | |
| Fund Symbol | NSCDX |
| Fund Cusip | 67066D820 |
| Inception Date | 12/20/2004 |
| Latest NAV as of 11/20/2009 | $19.85 |
| Latest Monthly Dividend (11/27/2009) | $0.0570 |
| Fund Symbol | NSDTX |
| Fund Cusip | 67066D770 |
| Inception Date | 8/04/2008 |
| Latest NAV as of 11/20/2009 | $19.82 |
| Latest Monthly Dividend (11/27/2009) | $0.0650 |
| Fund Symbol | NSDRX |
| Fund Cusip | 67066D812 |
| Inception Date | 12/20/2004 |
| Latest NAV as of 11/20/2009 | $19.82 |
| Latest Monthly Dividend (11/27/2009) | $0.0730 |
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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 value of the Fund's mortgage-related securities can fall if the owners of the underlying mortgages pay off their mortgages sooner than expected, which could happen when interest rates fall, later than expected, which could happen when interest rates rise. The Fund's investment in foreign issuers presents additional risk. Foreign risk is 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, including government seizure of assets, excessive taxation, limitations on the use or transfer of assets, the lack of liquidity or regulatory controls 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 R shares were renamed Class I shares.
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