U.S. Government Bond Ladders

These strategies are only provided through separately managed accounts program sponsors. Check with your financial professional for availability.

The statements contained herein are the opinions of Nuveen and are provided for informational purposes only. Certain information was obtained from third party sources, which we believe to be reliable but not guaranteed for accuracy or completeness.

The Taxable U.S. Government Bond Ladder strategies are new strategies with limited history that are newly offered to the public. The proposed strategies’ target characteristics are subject to change without notice. Nuveen has not previously managed these strategies and there is no guarantee the strategies will meet their investment objectives. Please note that laddered strategies may not lend themselves to certain types of customizations including, but not limited to: sector restrictions, requests to replace individual bonds, and certain client trading such as tax sales. These strategies do not utilize the opportunistic and more active trading approach found in certain other Nuveen bond strategies. The laddered bonds will typically be held to maturity in the absence of material credit events, contributions/withdrawals and calls. Initially, Nuveen will typically purchase individual bonds that are given equal weight, with differing maturities across the specified strategy maturity range. The maturity range is typically segmented into 1 year ranges (“rungs”). Nuveen will typically purchase 1-2 bonds in each rung creating a “ladder” of individual bonds. As bonds mature (or are called) and cash is generated in the account, Nuveen will purchase additional bonds in the longest available rung within the strategy’s bond maturity range.

There is no assurance that an investment will provide positive performance over any period of time. All investments carry a certain degree of risk and it is important to review investment objectives, risk tolerance, tax liability and liquidity needs before choosing an investment style or manager. Fixed income investments emphasize U.S. government agency debt securities. Debt or fixed income securities are subject to credit risk and interest rate risk. The value of and income generated by debt securities will decrease or increase based on changes in market interest rates. Credit risk refers to an issuer’s ability to make interest and principal payments when due.

Nuveen Asset Management is a registered investment adviser and affiliate of Nuveen, LLC.