Pathways to tomorrow's tax-optimized portfolios

* Nuveen traces its history to 1898 when the company began underwriting municipal bonds, and TIAA was founded in 1918.

**For stability, claims-paying ability and overall financial strength, TIAA is one of only three insurers in the United States to currently hold the highest possible rating available to U.S. insurers from all four leading insurance company rating agencies: A.M. Best (A++ rating affirmed as of July 25, 2025 ), Fitch (AAA rating affirmed as of February 13, 2026), Standard & Poor’s (AA+ rating affirmed as of August 27, 2025), and Moody’s Investors Service (Aa1 rating affirmed as of February 12, 2026). There is no guarantee that current ratings will be maintained. The financial strength ratings represent a company’s ability to meet policyholders’ obligations and do not apply to variable annuities or any other product or service not fully backed by TIAA’s claims-paying ability. The ratings also do not apply to the safety or the performance of the variable accounts or investment products, which will fluctuate in value.

Before investing, carefully consider fund investment objectives, risks, charges and expenses. For this and other information that should be read carefully, please request a prospectus or summary prospectus from your financial professional or Nuveen at 800.257.8787.

Important information on risk

Past performance is no guarantee of future results. All investments carry a certain degree of risk, including the possible loss of principal, and there is no assurance that an investment will provide positive performance over any period of time. Certain products and services may not be available to all entities or persons. There is no guarantee that investment objectives will be achieved.