Nuveen Managed Allocation Fund R6 Class

The Managed Allocation Fund seeks favorable returns that reflect the broad investment performance of the financial markets through capital appreciation and investment income. The Fund will pursue this goal through a "fund of funds" approach, whereby it will make investments primarily in other mutual funds. It typically maintains a relatively stable asset allocation strategy with approximately 60% of its assets in underlying equity funds (including up to 5% in real estate) and approximately 40% in underlying fixed-income funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook. As a result of its investments in various underlying funds, the Managed Allocation Fund's returns will reflect investments across a mix of domestic and foreign equities of all capitalization sizes and a variety of domestic and foreign fixed-income instruments across maturities and credit qualities.