Mutual 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.

Class A Shares maximum sales charges for the following Funds: 4.2% for Non-Intermediate National and State Municipal Bond Funds; 2.5% for Limited Term, Short Duration High Yield, and Short Term Municipal Bond; 3.0% for Intermediate National and State Municipal Bond Funds, Strategic Municipal Opportunities and Inflation Protected Municipal Bond; 4.75% for Credit Income, Flexible Income, Preferred Securities and Income, and High Yield Income; 4.25% for Core Plus Bond, Inflation Protected Securities and Strategic Income; 3.0% for Core Bond and Floating Rate Income; 2.25% for Short Term Bond; 5.75% for Nuveen equity and asset allocation. Class C Shares have a 1% CDSC for redemptions within less than one year, which is not reflected in the one-year total return. Class I shares have no sales charge and may be purchased by specified classes of investors. Class R6 shares are available to certain qualified retirement plans and other investors as set forth in the statement of additional information Retirement Class and Premier Class shares are generally available for purchase through employee benefit plans or other types of savings plans or accounts. Class W shares have limited availability, please see the Fund’s prospectus for more details.

 
Retail Class shares are available for purchase through certain financial intermediaries or by contacting the Fund directly at 800-752-8700 or nuveen.com. Retirement Class and Premier Class shares are generally available for purchase through employee benefit plans or other types of savings plans or accounts. Advisor Class shares are available for purchase through certain financial intermediaries and employee benefit plans. Institutional Class shares are available for purchase directly from the Fund by certain eligible investors (which include employee benefit plans and financial intermediaries).

Net and gross expense ratios are based on the funds' most recent fiscal year end. Please refer to the fund's overview page or the most recent fund prospectus for additional information regarding the calculation of the net expense ratios.

Income from municipal and tax-free bond funds is generally exempt from regular federal and state personal income taxes. Income may be subject to the federal alternative minimum tax and local taxes. Capital gains distributions are subject to tax.
 
The SEC 30-day yield is computed under an SEC standardized formula and is based on the maximum offer price per share. Subsidized (Sub.) yields reflect fee waivers in effect. Without such waivers, yields would be reduced. Unsubsidized (Unsub.) yields do not  reflect fee waivers in effect.

Distribution rate is the most recent dividend per share (annualized) divided by the respective price per share. The distribution rate also differs from the SEC 30-day yield because the Fund may be paying out more or less than it is earning and it may not include the effect of amortization of bond premium. 

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.