Alternatives

Important information on risk

Past performance is no guarantee of future results. All investments carry a certain degree of risk, including the loss of principal. Certain products and services may not be available to all entities or persons. There is no guarantee that the Fund's investment objectives will be achieved.

Investors should be aware that alternative investments are speculative, subject to substantial risks including the risks associated with limited liquidity, the potential use of leverage, potential short sales and concentrated investments and may involve complex tax structures and investment strategies. Alternative investments may be illiquid, there may be no liquid secondary market or ready purchasers for such securities, they may not be required to provide periodic pricing or valuation information to investors, there may be delays in distributing tax information to investors, they are not subject to the same regulatory requirements as other types of pooled investment vehicles, and they may be subject to the same regulatory requirements as other types of pooled investment vehicles, and they may be subject to high fees and expenses, which will reduce profits.

¹As of 31 Mar 2024. Nuveen assets under management (AUM) is inclusive of underlying investment specialists. Totals may not equal 100% due to rounding.

² ANREV/INREV/NCREIF Fund Manager Survey 2023. Survey illustrated rankings of 116 fund managers globally by AUM as at 31 Dec 2022.

³ Pensions & Investments, 09 Oct 2023. Rankings based total worldwide farmland assets under management for the 12 months ending 30 Jun 2023 as reported by each responding asset manager.

⁴ Nuveen’s private capital investing team (inclusive of TIAA’s private credit and private equity investing teams) started investing in leveraged buyouts (LBOs) in 1969.