Mutual Fund Basics
Buying Mutual Funds
Fund shares may be purchased on any business day, which is any day the New York
Stock Exchange is open for business and normally ends at 4 p.m. New York time. Generally,
the Exchange is closed on weekends and national holidays. The share price you pay
will depend on when Nuveen receives your order. Orders received before the close
of trading on a business day will receive that day's closing share price, otherwise
you will receive the next business day's price.
Through a Financial Advisor
You may buy shares through your financial advisor, who can handle all the details
for you, including opening a new account. Financial advisors can also help you review
your financial needs and formulate long-term investment goals and objectives. In
addition, financial advisors generally can help you develop a customized financial
plan, select investments and monitor and review your portfolio on an ongoing basis
to help assure your investments continue to meet your needs as circumstances change.
Financial advisors are paid for ongoing investment advice and services either from
fund sales charges and fees or by charging you a separate fee in lieu of a sales
charge. If you do not have a financial advisor, call (800) 257-8787 and Nuveen can
refer you to one in your area.
The minimum initial investment is $3,000 ($2,500 for a Traditional/Roth IRA account;
$2,000 for an Education IRA account; $100 through systematic investment plan accounts)
and may be lower for accounts opened through certain fee-based programs. Subsequent
investments must be in amounts of $100 or more. The funds reserve the right to reject
purchase orders and to waive or increase the minimum investment requirements.
Systematic investing allows you to make regular investments through automatic deductions
from your bank account, directly from your paycheck or from exchanging shares from
another mutual fund account (simply complete the appropriate application). The minimum
automatic deduction is $100 per month. There is no charge to participate in each
fund's systematic investment plan. You can stop the deductions at any time by notifying
your fund in writing. To do this, simply complete the appropriate section of the
account application form or submit an Account Update Form.
From Your Bank Account
You can make systematic investments of $100 or more per month by authorizing us
to draw preauthorized checks on your bank account.
You can make systematic investments by authorizing Nuveen to exchange shares from
one Nuveen mutual fund account into another identically registered Nuveen account
of the same share class. One of the benefits of systematic investing is dollar cost
Because you regularly invest a fixed amount of money over a period of years regardless
of the share price, you buy more shares when the price is low and fewer shares when
the price is high. As a result, the average share price you pay should be less than
the average share price of fund shares over the same period. To be effective, dollar
cost averaging requires that you invest over a long period of time and does not
assure that you will profit.