INVESTMENT STRATEGIES

An investor should carefully consider fund objectives, risks, charges and expenses before investing. For this and more information on Nuveen mutual funds, please view a prospectus. Please read it carefully before you invest or send money.

Past returns are no guarantee of future returns. All investments carry a certain degree of risk; it is important to review objectives, risk tolerance, liquidity needs, tax consequences and any other considerations before choosing an investment style or manager. An investment in any municipal portfolio should be made with an understanding of the risks involved in investing in municipal bonds such as interest rate risk, credit risk and market risk, including the possible loss of principal. The value of the portfolio will fluctuate based on the value of the underlying securities. Please contact your tax advisor regarding the suitability of tax-exempt investments in your portfolio. If sold prior to maturity, municipal securities are subject to gain/losses based on the level of interest rates, market conditions and the credit quality of the issuer. Income may be subject to the alternative minimum tax (AMT) and/or state and local taxes, based on your state of residence.