Closed-end funds

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.

Closed-end funds frequently trade at a discount from net asset value. At any point in time, including when sold, shares may be worth more or less than the purchase price or the net asset value, even after considering the reinvestment of fund distributions. It is important to consider the objectives, risks, charges and expenses of any fund before investing. For this and other information that should be read carefully, please view the prospectus or other current fund information provided by the fund’s sponsor.

Taxable equivalent rate refers to tax-exempt municipal closed-end funds. The taxable-equivalent rate shown is based on the maximum federal income tax rate, maximum state income tax rate (if applicable) and the Medicare tax.

The premium/discount is calculated as (most recent price/most recent NAV) -1.

Average daily volume refers to the measurement is in shares traded and is the average of the last month of trading volume. Average duration represents Effective Duration for Non-Leveraged funds and Leveraged-Adjusted Effective Duration for Leveraged Funds. For term definitions and index descriptions, please access the glossary in the footer.

Effective leverage is the fund’s effective economic leverage, and includes both structural leverage and the leverage effects of certain derivative investments in the fund’s portfolio. Currently, the leverage effects of Tender Option Bond (TOB) inverse floater holdings and the effects of investments in a leveraged Public-Private Investment Partnership are included in Effective Leverage values, in addition to any Structural Leverage.

Holders of Nuveen Intermediate Duration Municipal Term Fund Liquidating Trust units may obtain a copy of the Trust Instrument governing the liquidating trust and periodic reports of the liquidating trust at nuveen.com/nid.

Holders of Nuveen Intermediate Duration Quality Municipal Term Fund Liquidating Trust units may obtain a copy of the Trust Instrument governing the liquidating trust and periodic reports of the liquidating trust at nuveen.com/niq.