Nuveen Real Asset Income Fund Receives Five-Star Morningstar Rating™

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, is pleased to announced its Nuveen Real Asset Income Fund received a ***** (five-star) Overall Morningstar Rating™ across the A Load Waived and I share classes as well as a **** (four-star) rating for its A share class. The fund, which recognized its three-year anniversary on September 13, 2014, was rated against 366 funds in Morningstar’s World Allocation category(1) based on risk adjusted returns as of September 30, 2014. This rating marks the third of Nuveen Asset Management’s three funds managed by its Real Assets Team to achieve a five-star rating in at least one share class. The fund is currently available through advisors at leading broker-dealers, banks, insurance companies, financial planning and investment consulting firms.

“We have designed the fund to be an attractive alternative to traditional income vehicles that could not only help buffer against future inflation and benefit from global growth trends, but to also help diversify and manage portfolio risk,” said William Huffman, President, Nuveen Asset Management. “We are particularly proud of our Real Assets team as this is the third of their three strategies to have received this respected ranking from Morningstar. More importantly, it provides our clients yet another high-quality investment strategy to consider when constructing their portfolios.”

The fund invests in listed infrastructure and real estate related securities (i.e. real assets) across the capital structure. It is designed to provide investors access to the diversification benefits of commercial real estate markets and infrastructure related companies with an above-average equity yield and the potential for long-term capital appreciation. For more information about the Nuveen Real Asset Income Fund including performance, holdings and related investment risks, visit Nuveen Real Asset Income Fund.

About Nuveen Asset Management

Nuveen Asset Management offers a broad range of innovative investment strategies, from traditional and specialized equity to taxable and municipal fixed income. With solutions that span multiple asset classes, the firm’s disciplined approach to equity and fixed income investing is driven by integrated research and risk management processes. Nuveen Asset Management offers a collaborative approach to multi-strategy portfolio management that emphasizes quality and ingenuity. Nuveen Asset Management managed approximately $127 billion as of June 30, 2014. To learn more about Nuveen Asset Management’s Multi-Asset Class investment platform please visit: Nuveen Asset Management.

Nuveen’s Family of Mutual Funds

The Nuveen Investments family of mutual funds offers a variety of investing strategies managed with experience and discipline. Each mutual fund is designed to contribute to a well-constructed diversified portfolio. With nearly $55 billion in approximately 100 mutual funds as of June 30, 2014, Nuveen Investments offers a broad range of taxable and tax-exempt fixed income, growth, value and global portfolios spanning a variety of objectives and investment styles. To learn more about Nuveen’s suite of mutual funds, including the firm’s robust line up funds that have received Morningstar’s Overall Rating of four or five stars, visit Nuveen Mutual Funds.

(1) For the period ended September 30, 2014, Morningstar rated this fund’s I, A, A-Load Waived and C shares, for the overall and three-year period. The Class I, and A Load Waived shares received 5 stars and the Class A and C shares received 4 stars among 366 World Allocation funds, respectively (derived from a weighted average of the fund’s three risk-adjusted return measures and Morningstar Ratings metrics).

Investment performance reflects applicable fee waivers. Without such waivers, total returns would be reduced and ratings could be lower. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Within each asset class, the top 10%, the next 22.5%, 35%, 22.5%, and the bottom 10% receive 5, 4, 3, 2, or 1 star, respectively. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Each fund is rated exclusively against U.S. domiciled funds. The Overall Morningstar Rating™ is based on the weighted average of the number of stars assigned to the fund's applicable time periods. In cases where the fund has changed investment categories, its historical information is given less weight. If the fund has been in existence at least 10 years, the 10-year rating accounts for 50%, the 5-year for 30%, and the 3-year for 20%. If the fund has been in existence at least 5 years, but less than 10 years, the 5-year rating accounts for 60% and the 3-year for 40%. If the fund has been in existence for 3 years, but less than 5 years, the 3-year rating accounts for 100%.

The Morningstar information contained herein: (1) is proprietary to Morningstar; (2) may not be copied; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ©2014 Morningstar, Inc. All Rights Reserved. Past performance does not guarantee future results.

A Word on Risk

Mutual fund investing involves risk; principal loss is possible. Equity investments such as those held by the fund, are subject to market risk, call risk, derivatives risk, other investment companies risk, common stock risk, and tax risks associated with MLPs. Concentration in specific sectors may involve greater risk and volatility than more diversified investments: real estate sector involves the risk of exposure to economic downturns and changes in real estate values, rents, property taxes, interest rates and tax laws; infrastructure-related securities may involve greater exposure to adverse economic, regulatory, political, legal, and other changes affecting such securities. Foreign investments involve additional risks, including currency fluctuation, political and economic instability, lack of liquidity, and differing legal and accounting standards. These risks are magnified in emerging markets. Investments in small- and mid-cap companies are subject to greater volatility. In addition, the Fund will bear its proportionate share of any fees and expenses paid by the ETFs in which it invests.

Debt or fixed income securities such as those held by the fund are subject to market risk, credit risk, interest rate risk and income risk. As interest rates rise, bond prices fall. Below investment grade or high yield debt securities are subject to liquidity risk and heightened credit risk. Preferred securities are subordinated to bonds and other debt instruments in a company's capital structure and therefore are subject to greater credit risk. Asset-backed and mortgage-backed securities are subject to additional risks such as prepayment risk, liquidity risk, default risk and adverse economic developments.

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 advisor or Nuveen Investments at 800-257-8787 or visit www.nuveen.com.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—Nuveen Asset Management, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments managed $231 billion as of June 30, 2014. For more information, please visit the Nuveen Investments website at www.nuveen.com.

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