0001193125-13-018774.txt : 20130122 0001193125-13-018774.hdr.sgml : 20130121 20130122124719 ACCESSION NUMBER: 0001193125-13-018774 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130122 DATE AS OF CHANGE: 20130122 EFFECTIVENESS DATE: 20130122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUVEEN STRATEGY FUNDS, INC. CENTRAL INDEX KEY: 0001017927 IRS NUMBER: 411418224 STATE OF INCORPORATION: MN FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-07687 FILM NUMBER: 13539716 BUSINESS ADDRESS: STREET 1: 333 WEST WACKER DR. CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 312-917-8146 MAIL ADDRESS: STREET 1: 333 WEST WACKER DR. CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: FIRST AMERICAN STRATEGY FUNDS INC DATE OF NAME CHANGE: 19960705 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUVEEN STRATEGY FUNDS, INC. CENTRAL INDEX KEY: 0001017927 IRS NUMBER: 411418224 STATE OF INCORPORATION: MN FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-07463 FILM NUMBER: 13539717 BUSINESS ADDRESS: STREET 1: 333 WEST WACKER DR. CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 312-917-8146 MAIL ADDRESS: STREET 1: 333 WEST WACKER DR. CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: FIRST AMERICAN STRATEGY FUNDS INC DATE OF NAME CHANGE: 19960705 0001017927 S000005662 Nuveen Strategy Aggressive Growth Allocation Fund C000015495 Class A FAAGX C000015496 Class B FSGBX C000015497 Class C FSACX C000015498 Class R3 FSASX C000015499 Class I FSAYX 0001017927 S000005663 Nuveen Strategy Balanced Allocation Fund C000015500 Class A FSGNX C000015501 Class B FSKBX C000015502 Class C FSKCX C000015503 Class R3 FSKSX C000015504 Class I FSKYX 0001017927 S000005664 Nuveen Strategy Growth Allocation Fund C000015505 Class A FAGSX C000015506 Class B FSNBX C000015507 Class C FSNCX C000015508 Class R3 FSNSX C000015509 Class I FSGYX 0001017927 S000005665 Nuveen Strategy Conservative Allocation Fund C000015510 Class A FSFIX C000015511 Class B FSFBX C000015512 Class C FSJCX C000015513 Class R3 FSJSX C000015514 Class I FSFYX 485BPOS 1 d432302d485bpos.htm NUVEEN STRATEGY FUNDS, INC. Nuveen Strategy Funds, Inc.

As filed with the Securities and Exchange Commission on January 22, 2013

1933 Act Registration No. 333-07463

1940 Act Registration No. 811-07687

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form N-1A

 

REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933		    ¨     

Pre-Effective Amendment No.        

    ¨     

Post-Effective Amendment No. 39

    x     
and/or   
REGISTRATION STATEMENT UNDER THE
INVESTMENT COMPANY ACT OF 1940		    ¨     

Amendment No. 39

    x     

 

 

Nuveen Strategy Funds, Inc.

(Exact Name of Registrant as Specified in Charter)

 

333 West Wacker Drive, Chicago, Illinois    60606
(Address of Principal Executive Offices)    (Zip Code)

Registrant’s Telephone Number, Including Area Code: (312) 917-7700

 

Kevin J. McCarthy

Vice President and Secretary

333 West Wacker Drive

Chicago, Illinois 60606

(Name and Address of Agent for Service)

   

Copies to:

Eric F. Fess

Chapman and Cutler LLP

111 West Monroe Street

Chicago, Illinois 60603

Approximate Date of Proposed Public Offering: As soon as practicable after effectiveness.

It is proposed that this filing will become effective (check appropriate box):

 

x

    immediately upon filing pursuant to paragraph (b)    ¨    on (date) pursuant to paragraph (a)(1)

¨

    on (date) pursuant to paragraph (b)    ¨    75 days after filing pursuant to paragraph (a)(2)

¨

    60 days after filing pursuant to paragraph (a)(1)    ¨    on (date) pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:

 

¨ This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

 

 

This filing relates solely to the following Funds, each a series of the Registrant:

Nuveen Strategy Aggressive Growth Allocation Fund

Nuveen Strategy Growth Allocation Fund

Nuveen Strategy Balanced Allocation Fund

Nuveen Strategy Conservative Allocation Fund

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act of 1933, as amended, and has duly caused this post-effective amendment to its registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Chicago and State of Illinois, on the 22nd day of January, 2013.

 

NUVEEN STRATEGY FUNDS, INC.
By:   /S/    KEVIN J. MCCARTHY        
  Kevin J. McCarthy
  Vice President and Secretary

Pursuant to the requirements of the Securities Act of 1933, as amended, this post-effective amendment to the registration statement has been signed below by the following persons in the capacities and on the date indicated.

 

Signature

   

Title

          

Date

/s/    Stephen D. Foy        

STEPHEN D. FOY

   

Vice President and Controller

(principal financial and accounting officer)

       January 22, 2013

/s/    GIFFORD R. ZIMMERMAN        

GIFFORD R. ZIMMERMAN

   

Chief Administrative Officer

(principal executive officer)

       January 22, 2013
ROBERT P. BREMNER*    Chairman of the Board and Director   ü

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JOHN P. AMBOIAN*    Director      
JACK B. EVANS*    Director      
WILLIAM C. HUNTER*    Director     By  

 

/S/    Kevin J. McCarthy

KEVIN J. MCCARTHY

Attorney-in-Fact

January 22, 2013

DAVID J. KUNDERT*    Director      
WILLIAM J. SCHNEIDER*    Director      
JUDITH M. STOCKDALE*    Director      
CAROLE E. STONE*    Director      
VIRGINIA L. STRINGER*    Director      
TERENCE J. TOTH*    Director      

 

* An original power of attorney authorizing, among others, Kevin J. McCarthy and Gifford R. Zimmerman to execute this registration statement, and amendments thereto, for each of the directors of the Registrant on whose behalf this registration statement is filed, has been executed and has previously been filed with the Securities and Exchange Commission and is incorporated by reference herein.

EXHIBIT INDEX

 

Exhibit
Number

     

Exhibit

  101.INS       XBRL Instance Document
  101.SCH       XBRL Taxonomy Extension Schema Document
  101.CAL       XBRL Taxonomy Extension Calculation Linkbase
  101.DEF       XBRL Taxonomy Extension Definition Linkbase
  101.LAB       XBRL Taxonomy Extension Labels Linkbase
  101.PRE       XBRL Taxonomy Extension Presentation Linkbase
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Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Nuveen Mutual Funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial advisor and in &#8220;What Share Classes We Offer&#8221; on page 36 of the Fund&#8217;s prospectus, &#8221;How to Reduce Your Sales Charge&#8221; on page 38 of the prospectus and &#8220;Purchase and Redemption of Fund Shares&#8221; on page S-72 of the Fund&#8217;s statement of additional information. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Nuveen Mutual Funds. 50000 <b>Shareholder Fees </b><br/>(fees paid directly from your investment) 0.0575 0 0 0 0 0 0.05 0.01 0 0 0 0 0 0 0 0 0 0 0 0 15 15 15 0 15 <b>Annual Fund Operating Expenses </b><br/>(expenses that you pay each year as a percentage of the value of your investment) 0.001 0.001 0.001 0.001 0.001 0.0025 0.01 0.01 0.005 0 <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenStrategyAggressiveGrowthAllocationFund column period compact * ~</div> 0.0031 0.0031 0.0031 0.0031 0.0031 0.0094 0.0094 0.0094 0.0094 0.0094 0.016 0.0235 0.0235 0.0185 0.0135 0.0134 0.0209 0.0209 <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenStrategyAggressiveGrowthAllocationFund column period compact * ~</div> 0.0159 0.0109 -0.0026 -0.0026 -0.0026 -0.0026 -0.0026 <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenStrategyAggressiveGrowthAllocationFundBarChart column period compact * ~</div> January 31, 2014 Other Expenses have been restated to reflect current contractual fees. <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenStrategyGrowthAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenStrategyGrowthAllocationFund column period compact * ~</div> <b>Example </b> The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem your shares at the end of a period. The example also assumes that your investment has a 5% return each year, that the Fund&#8217;s operating expenses remain the same, and the contractual fee waivers currently in place are not renewed beyond January 31, 2014. Although your actual costs may be higher or lower, based on these assumptions your costs would be: Nuveen Strategy Growth Allocation Fund Investment Objective The investment objective of the Fund is to seek capital growth with a moderate level of current income. <b>Redemption</b> <b>No Redemption</b> Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Nuveen Mutual Funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial advisor and in &#8220;What Share Classes We Offer&#8221; on page 36 of the Fund&#8217;s prospectus, &#8221;How to Reduce Your Sales Charge&#8221; on page 38 of the prospectus and &#8220;Purchase and Redemption of Fund Shares&#8221; on page S-72 of the Fund&#8217;s statement of additional information. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Nuveen Mutual Funds. 50000 <b>Shareholder Fees </b><br/>(fees paid directly from your investment) 0.0575 0 0 0 0 0 0.05 0.01 0 0 0 0 0 0 0 0 0 0 0 0 15 15 15 0 15 712 212 704 162 111 1025 1006 706 554 400 <b>Annual Fund Operating Expenses </b><br/>(expenses that you pay each year as a percentage of the value of your investment) 1371 1330 1230 974 712 2343 2477 2665 2146 1599 0.001 0.001 0.001 0.001 0.001 704 212 212 162 111 0.0025 0.01 0.01 0.005 0 1025 706 554 706 400 0.0026 0.0026 0.0026 0.0026 0.0026 1371 1230 1230 974 712 2343 0.009 2477 0.009 2665 0.009 2146 0.009 1599 0.009 0.0151 0.0226 0.0226 0.0176 0.0126 -0.0021 -0.0021 -0.0021 -0.0021 -0.0021 0.013 0.0205 0.0205 0.0155 0.0105 <b>Portfolio Turnover </b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio), except that it does not pay transaction costs for buying and selling shares of the underlying funds. An underlying fund also pays transaction costs when it buys and sells securities. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. The Fund&#8217;s sub-adviser expects to make asset reallocation decisions on a monthly basis, although it may make these decisions more frequently if warranted by market conditions. Although the Fund is expected to have a low portfolio turnover rate, the underlying funds may trade securities frequently. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 30% of the average value of its portfolio. 0.3 Principal Investment Strategies The value of your investment in this Fund will change daily, which means you could lose money. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The principal risks of investing in the Fund include: <br/><br/><b>Additional Expenses</b>&#8212;Investing in the underlying funds and in unaffiliated pooled investment vehicles through an investment in the Fund involves additional expenses that would not be present in a direct investment in the underlying funds and unaffiliated investment companies. <br/><br/><b>Commodities Risk</b>&#8212;Commodities markets historically have been extremely volatile, and the performance of securities and other instruments that provide exposure to those markets therefore also may be highly volatile. <br/><br/><b>Derivatives Risk</b>&#8212;The use of derivatives involves additional risks, such as liquidity, interest rate, counterparty, market, credit and management risks, and transaction costs which could leave the Fund or an underlying fund in a worse position than if it had not used these instruments. Derivatives may entail investment exposures that are greater than their cost would suggest. As a result, a small investment in derivatives could have a large impact on performance. Recent legislation requires the development of a new regulatory framework for the derivatives market. The impact of the new regulations is still unknown, but has the potential to increase the costs of using derivatives, may limit the availability of some forms of derivatives or a Fund&#8217;s ability to use derivatives, and may adversely affect the performance of some derivative instruments used by a Fund as well as the Fund&#8217;s ability to pursue its investment objective through the use of such instruments.<br/><br/><b>Market Risk</b>&#8212;The market values of the Fund&#8217;s and the underlying funds&#8217; investments may decline, at times sharply and unpredictably. <br/><br/><b>Risks Associated with the Underlying Funds</b>&#8212;Because the Fund&#8217;s assets are invested primarily in shares of the underlying funds, the Fund&#8217;s investment performance and risks are directly related to the investment performance and risks of the underlying funds. In summarizing the risks of the underlying funds below, the Fund has organized the discussion into those risks typically associated with underlying funds that invest in equity securities (&#8220;Equity Funds&#8221;), those risks typically associated with underlying funds that invest in fixed income securities (&#8220;Fixed Income Funds&#8221;) and those risks generally associated with all of the underlying funds (absolute return funds generally have exposure to equity securities and fixed income securities). Certain underlying funds are subject to additional principal risks, which are described in the Fund&#8217;s prospectus.<br/><br/><b>Equity Funds </b><br/><b>Equity Security Risk</b>&#8212;Equity securities may decline significantly in price over short or extended periods of time, and such declines may occur in the equity market as a whole, or they may occur in only a particular country, company, industry, or sector of the market. <br/><br/><b>Fixed Income Funds </b><br/><b>Call Risk</b>&#8212;If an issuer calls higher-yielding debt instruments held by an underlying fund, performance could be adversely impacted. <br/><br/><b>Credit Risk</b>&#8212;Credit risk is the risk that an issuer of a debt security may be unable or unwilling to make interest and principal payments when due and the related risk that the value of a debt security may decline because of concerns about the issuer&#8217;s ability or willingness to make such payments. In addition, parties to other financial contracts with an underlying fund could default on their obligations. <br/><br/><b>High Yield Securities Risk</b>&#8212;High yield securities are high risk investments that may cause income and principal losses for the Fund and the underlying funds. They generally have greater credit risk, are less liquid, and have more volatile prices than investment grade securities. <br/><br/><b>Income Risk</b>&#8212;An underlying fund&#8217;s income could decline during periods of falling interest rates. <br/><br/><b>Interest Rate Risk</b>&#8212;Interest rate risk is the risk that the value of an underlying fund&#8217;s portfolio will decline because of rising interest rates. When interest rates change, the values of longer-duration debt securities usually change more than the values of shorter-duration debt securities. <br/><br/><b>Political and Economic Risks</b>&#8212;The value of an underlying fund that invests primarily in municipal bonds may be adversely affected by local political and economic conditions and developments. Adverse conditions in an industry significant to a local economy could have a correspondingly adverse effect on the financial condition of local issuers. <br/><br/><b>All Underlying Funds </b><br/><b>Non-U.S./Emerging Markets Risk</b>&#8212;Non-U.S. issuers or U.S. issuers with significant non-U.S. operations may be subject to risks in addition to those of issuers located in or that principally operate in the United States as a result of, among other things, political, social and economic developments abroad and different legal, regulatory and tax environments. These additional risks may be heightened for securities of issuers located in, or with significant operations in, emerging market countries. Also, changes in currency exchange rates may affect an underlying fund&#8217;s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities. Principal Risks The Fund is a &#8220;fund of funds&#8221; which invests primarily in a variety of other mutual funds that are also advised by the Fund&#8217;s investment adviser (the &#8220;underlying funds&#8221;). The Fund seeks to achieve its objective by providing high allocations to various underlying funds that invest primarily in equity securities, including small company and international company equity securities, with relatively little emphasis on underlying funds that invest primarily in fixed income securities. The Fund may invest in an underlying fund that is an absolute return fund in an effort to enhance the Fund&#8217;s returns and mitigate risk by holding an investment believed to have a reduced level of correlation with the equity and fixed income markets. In addition to investing in the underlying funds, the Fund also may invest in securities that will expose the Fund to the performance of a commodity or commodity index, including, but not limited to, exchange-traded funds (&#8220;ETFs&#8221;). The Fund may invest up to 10% of its total assets in such securities. The Fund may invest in ETFs (in addition to those providing commodities exposure), closed-end investment companies, and other investment companies not affiliated with the Fund, provided that the Fund invests no more than 10% of its total assets, collectively, in unaffiliated pooled investment vehicles (other than certain money market funds). <br/><br/>The Fund may utilize the following derivatives: options; futures contracts; options on futures contracts; interest rate caps, collars, and floors; foreign currency contracts; and options on foreign currencies. The Fund may use these derivatives in an attempt to manage market risk, currency risk, credit risk and yield curve risk; to manage the effective maturity or duration of securities in the Fund&#8217;s, or underlying fund&#8217;s, portfolio; or for speculative purposes in an effort to increase the Fund&#8217;s yield or to enhance returns. The Fund may also use derivatives to gain exposure to non-dollar denominated securities markets. The use of a derivative is speculative if the Fund is primarily seeking to enhance returns, rather than offset the risk of other positions. When the Fund invests in a derivative for speculative purposes, the Fund will be fully exposed to the risks of loss of that derivative, which may sometimes be greater than the derivative&#8217;s cost. The Fund will limit its direct investments in derivatives such that it will not be subject to regulation as a commodity pool. <br/><br/>The Fund has targets for allocating its assets among the underlying funds and other securities, which are set forth in the following table as a percentage of the Fund&#8217;s total assets. The sub-adviser uses these target allocations as general guides in setting the Fund&#8217;s actual allocation. Actual allocations may be adjusted within the allocation ranges set forth in the table in order to take advantage of current or expected market conditions, or to manage risk. Normally, the Fund&#8217;s allocation to Cash Equivalents (defined as cash, money market funds, U.S. dollar-denominated high-quality money market instruments and other short-term securities) will not exceed the maximum set forth in the table. However, the Fund may temporarily invest without limit in Cash Equivalents in an attempt to respond to adverse market, economic, political, or other conditions. Investing a significant portion of the Fund&#8217;s assets in these securities may prevent the Fund from achieving its objective. <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="80%">&nbsp;</td> <td valign="bottom" width="7%">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td valign="bottom" width="9%">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom">&nbsp;<font class="_mt" size="1">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Target<br />Allocation</b></font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Allocation<br />Range</b></font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;</font></td></tr> <tr bgcolor="#cceeff"><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Equity Funds</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">86</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">55-100</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Fixed Income Funds</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">2</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0-45</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr bgcolor="#cceeff"><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Absolute Return Funds</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0-20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Other Securities*</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0-10</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr bgcolor="#cceeff"><td style="border-bottom: #000000 1px solid;" valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Cash Equivalents</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0-35</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="1%" align="left"><font style="font-family: ARIAL;" class="_mt" size="1">*</font></td> <td valign="top" align="left"><font style="font-family: ARIAL;" class="_mt" size="1">Includes ETFs, closed-end investment companies, and other non-money market investment companies not affiliated with the Fund as well as securities that provide the Fund with exposure to the performance of commodities. </font></td></tr></table> The value of your investment in this Fund will change daily, which means you could lose money. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <b>Example </b> The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem your shares at the end of a period. The example also assumes that your investment has a 5% return each year, that the Fund&#8217;s operating expenses remain the same, and the contractual fee waivers currently in place are not renewed beyond January 31, 2014. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 700 708 208 158 107 1004 984 684 532 377 1331 1289 1189 933 670 2255 2389 2577 2054 1503 Fund Performance The following bar chart and table provide some indication of the potential risks of investing in the Fund. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx or by calling (800) 257-8787. (800) 257-8787 www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenStrategyBalancedAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenStrategyBalancedAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenStrategyBalancedAllocationFund column period compact * ~</div> 700 208 208 158 107 1004 684 684 532 377 Nuveen Strategy Balanced Allocation Fund 1331 1189 1189 933 670 Investment Objective 2255 2389 2577 2054 1503 -0.1922 The investment objective of the Fund is to seek both capital growth and current income. 0.2934 0.1219 0.0885 Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Nuveen Mutual Funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial advisor and in &#8220;What Share Classes We Offer&#8221; on page 36 of the Fund&#8217;s prospectus, &#8221;How to Reduce Your Sales Charge&#8221; on page 38 of the prospectus and &#8220;Purchase and Redemption of Fund Shares&#8221; on page S-72 of the Fund&#8217;s statement of additional information. <b>Shareholder Fees </b><br/>(fees paid directly from your investment) 0.0575 0 0 0 0 0.1438 0.1049 0 0.05 0.01 0 -0.3541 0 0 0 0 0 0 0.2989 <b>Class A Annual Total Return</b> 0.1329 -0.0455 0 0 0 0 0 15 15 15 0 15 <b>Annual Fund Operating Expenses </b><br/>(expenses that you pay each year as a percentage of the value of your investment) 0.001 0.001 0.001 0.001 0.001 0.0025 <b>Portfolio Turnover </b> 0.01 0.01 0.005 0 The bar chart below shows the variability of the Fund&#8217;s performance from year to year for Class A shares. The performance of the other share classes will differ due to their different expense structures. The bar chart and highest/lowest quarterly returns that follow do not reflect sales charges, and if these charges were reflected, the returns would be less than those shown. 0.0018 The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio), except that it does not pay transaction costs for buying and selling shares of the underlying funds. An underlying fund also pays transaction costs when it buys and sells securities. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. The Fund&#8217;s sub-adviser expects to make asset reallocation decisions on a monthly basis, although it may make these decisions more frequently if warranted by market conditions. Although the Fund is expected to have a low portfolio turnover rate, the underlying funds may trade securities frequently. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 32% of the average value of its portfolio. 0.0018 0.0018 0.0018 0.0018 0.32 0.0085 0.0085 0.0085 0.0085 0.0085 0.0138 0.0213 0.0213 0.0163 0.0113 -0.0013 -0.0013 -0.0013 -0.0013 -0.0013 Principal Investment Strategies The table below shows the variability of the Fund&#8217;s average annual returns and how they compare over the time periods indicated with those of a broad measure of market performance and an index of funds with similar investment objectives. Previously, the Fund used the Dow Jones Moderately Aggressive U.S. Portfolio Index as a benchmark. Going forward, the Fund&#8217;s performance will be compared to the Morningstar Aggressive Target Risk Index because it more closely reflects the Fund&#8217;s investment universe. All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class A shares only; after-tax returns for other share classes will vary. Your own actual after-tax returns will depend on your specific tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. <br/><br/>Both the bar chart and the table assume that all distributions have been reinvested. Performance reflects fee waivers, if any, in effect during the periods presented. If any such waivers were not in place, returns would be reduced. 0.0125 0.02 0.02 0.015 0.01 <b>Average Annual Total Returns <br/>for the Periods Ended December 31, 2011</b> -0.1003 -0.1024 The Fund is a &#8220;fund of funds&#8221; which invests primarily in a variety of other mutual funds that are also advised by the Fund&#8217;s investment adviser (the &#8220;underlying funds&#8221;). The Fund seeks to achieve its objective by providing high allocations to various underlying funds that invest primarily in equity securities, including small company and international company equity securities, with relatively little emphasis on underlying funds that invest primarily in fixed income securities. The Fund may invest in an underlying fund that is an absolute return fund in an effort to enhance the Fund&#8217;s returns and mitigate risk by holding an investment believed to have a reduced level of correlation with the equity and fixed income markets. In addition to investing in the underlying funds, the Fund also may invest in securities that will expose the Fund to the performance of a commodity or commodity index, including, but not limited to, exchange-traded funds (&#8220;ETFs&#8221;). The Fund may invest up to 10% of its total assets in such securities. The Fund may invest in ETFs (in addition to those providing commodities exposure), closed-end investment companies, and other investment companies not affiliated with the Fund, provided that the Fund invests no more than 10% of its total assets, collectively, in unaffiliated pooled investment vehicles (other than certain money market funds).<br/><br/>The Fund may utilize the following derivatives: options; futures contracts; options on futures contracts; interest rate caps, collars, and floors; foreign currency contracts; and options on foreign currencies. The Fund may use these derivatives in an attempt to manage market risk, currency risk, credit risk and yield curve risk; to manage the effective maturity or duration of securities in the Fund&#8217;s, or underlying fund&#8217;s, portfolio; or for speculative purposes in an effort to increase the Fund&#8217;s yield or to enhance returns. The Fund may also use derivatives to gain exposure to non-dollar denominated securities markets. The use of a derivative is speculative if the Fund is primarily seeking to enhance returns, rather than offset the risk of other positions. When the Fund invests in a derivative for speculative purposes, the Fund will be fully exposed to the risks of loss of that derivative, which may sometimes be greater than the derivative&#8217;s cost. The Fund will limit its direct investments in derivatives such that it will not be subject to regulation as a commodity pool.<br/><br/>The Fund has targets for allocating its assets among the underlying funds and other securities, which are set forth in the following table as a percentage of the Fund&#8217;s total assets. The sub-adviser uses these target allocations as general guides in setting the Fund&#8217;s actual allocation. Actual allocations may be adjusted within the allocation ranges set forth in the table in order to take advantage of current or expected market conditions, or to manage risk. Normally, the Fund&#8217;s allocation to Cash Equivalents (defined as cash, money market funds, U.S. dollar-denominated high-quality money market instruments and other short-term securities) will not exceed the maximum set forth in the table. However, the Fund may temporarily invest without limit in Cash Equivalents in an attempt to respond to adverse market, economic, political, or other conditions. Investing a significant portion of the Fund&#8217;s assets in these securities may prevent the Fund from achieving its objective.<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="80%">&nbsp;</td> <td valign="bottom" width="7%">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td valign="bottom" width="9%">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom">&nbsp;<font class="_mt" size="1">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Target<br />Allocation</b></font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Allocation<br />Range</b></font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;</font></td></tr> <tr bgcolor="#cceeff"><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Equity Funds</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">72</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">45-90</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Fixed Income Funds</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">15</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0-55</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr bgcolor="#cceeff"><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Absolute Return Funds</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">9</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0-20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Other Securities*</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">4</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0-10</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr bgcolor="#cceeff"><td style="border-bottom: #000000 1px solid;" valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Cash Equivalents</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0-35</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="1%" align="left"><font style="font-family: ARIAL;" class="_mt" size="1">*</font></td> <td valign="top" align="left"><font style="font-family: ARIAL;" class="_mt" size="1">Includes ETFs, closed-end investment companies, and other non-money market investment companies not affiliated with the Fund as well as securities that provide the Fund with exposure to the performance of commodities. </font></td></tr></table> -0.0651 -0.1002 -0.053 -0.0477 -0.0429 -0.038 0.0145 -0.0124 -0.0113 -0.0141 -0.0103 -0.0088 -0.0069 -0.0019 0.003 -0.0021 0.0226 0.015 0.0327 0.0293 0.0269 0.031 0.0311 0.0368 0.0412 0.0368 0.0519 0.0447 Other Expenses have been restated to reflect current contractual fees. January 31, 2014 During the ten-year period ended December 31, 2011, the Fund&#8217;s highest and lowest quarterly returns were 17.32% and -22.04%, respectively, for the quarters ended June 30, 2009 and December 31, 2008. <b>Example</b> Principal Risks The contingent deferred sales charge (&#8220;CDSC&#8221;) on Class B shares declines over a six-year period from purchase. The CDSC on Class C shares applies only to redemptions within 12 months of purchase. The contingent deferred sales charge (&#8220;CDSC&#8221;) on Class B shares declines over a six-year period from purchase. The CDSC on Class C shares applies only to redemptions within 12 months of purchase. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Nuveen Mutual Funds. 50000 year-to-date total return 695 703 203 153 102 974 953 653 500 345 1274 1231 1131 873 609 2126 2260 2451 1921 1362 695 203 203 153 102 974 653 653 345 500 1274 1131 1131 873 609 2126 2260 2451 1921 1362 <b>Redemption</b> <b>No Redemption</b> 2012-09-30 0.1219 highest 2009-06-30 0.1732 lowest 2008-12-31 -0.2204 The bar chart below shows the variability of the Fund&#8217;s performance from year to year for Class A shares. The value of your investment in this Fund will change daily, which means you could lose money. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The principal risks of investing in the Fund include:<br/><br/><b>Additional Expenses</b>&#8212;Investing in the underlying funds and in unaffiliated pooled investment vehicles through an investment in the Fund involves additional expenses that would not be present in a direct investment in the underlying funds and unaffiliated investment companies.<br/><br/><b>Commodities Risk</b>&#8212;Commodities markets historically have been extremely volatile, and the performance of securities and other instruments that provide exposure to those markets therefore also may be highly volatile.<br/><br/><b>Derivatives Risk</b>&#8212;The use of derivatives involves additional risks, such as liquidity, interest rate, counterparty, market, credit and management risks, and transaction costs which could leave the Fund or an underlying fund in a worse position than if it had not used these instruments. Derivatives may entail investment exposures that are greater than their cost would suggest. As a result, a small investment in derivatives could have a large impact on performance. Recent legislation requires the development of a new regulatory framework for the derivatives market. The impact of the new regulations is still unknown, but has the potential to increase the costs of using derivatives, may limit the availability of some forms of derivatives or a Fund&#8217;s ability to use derivatives, and may adversely affect the performance of some derivative instruments used by a Fund as well as the Fund&#8217;s ability to pursue its investment objective through the use of such instruments.<br/><br/><b>Market Risk</b>&#8212;The market values of the Fund&#8217;s and the underlying funds&#8217; investments may decline, at times sharply and unpredictably.<br/><br/><b>Risks Associated with the Underlying Funds</b>&#8212;Because the Fund&#8217;s assets are invested primarily in shares of the underlying funds, the Fund&#8217;s investment performance and risks are directly related to the investment performance and risks of the underlying funds. In summarizing the risks of the underlying funds below, the Fund has organized the discussion into those risks typically associated with underlying funds that invest in equity securities (&#8220;Equity Funds&#8221;), those risks typically associated with underlying funds that invest in fixed income securities (&#8220;Fixed Income Funds&#8221;) and those risks generally associated with all of the underlying funds (absolute return funds generally have exposure to equity securities and fixed income securities). Certain underlying funds are subject to additional principal risks, which are described in the Fund&#8217;s prospectus.<br/><br/><b>Equity Funds </b><br/><b>Equity Security Risk</b>&#8212;Equity securities may decline significantly in price over short or extended periods of time, and such declines may occur in the equity market as a whole, or they may occur in only a particular country, company, industry, or sector of the market.<br/><br/><b>Fixed Income Funds</b><br/><b>Call Risk</b>&#8212;If an issuer calls higher-yielding debt instruments held by an underlying fund, performance could be adversely impacted.<br/><br/><b>Credit Risk</b>&#8212;Credit risk is the risk that an issuer of a debt security may be unable or unwilling to make interest and principal payments when due and the related risk that the value of a debt security may decline because of concerns about the issuer&#8217;s ability or willingness to make such payments. In addition, parties to other financial contracts with an underlying fund could default on their obligations.<br/><br/><b>High Yield Securities Risk</b>&#8212;High yield securities are high risk investments that may cause income and principal losses for the Fund and the underlying funds. They generally have greater credit risk, are less liquid, and have more volatile prices than investment grade securities.<br/><br/><b>Income Risk</b>&#8212;An underlying fund&#8217;s income could decline during periods of falling interest rates.<br/><br/><b>Interest Rate Risk</b>&#8212;Interest rate risk is the risk that the value of an underlying fund&#8217;s portfolio will decline because of rising interest rates. When interest rates change, the values of longer-duration debt securities usually change more than the values of shorter-duration debt securities.<br/><br/><b>Political and Economic Risks</b>&#8212;The value of an underlying fund that invests primarily in municipal bonds may be adversely affected by local political and economic conditions and developments. Adverse conditions in an industry significant to a local economy could have a correspondingly adverse effect on the financial condition of local issuers.<br/><br/><b>All Underlying Funds </b><br/><b>Non-U.S./Emerging Markets Risk</b>&#8212;Non-U.S. issuers or U.S. issuers with significant non-U.S. operations may be subject to risks in addition to those of issuers located in or that principally operate in the United States as a result of, among other things, political, social and economic developments abroad and different legal, regulatory and tax environments. These additional risks may be heightened for securities of issuers located in, or with significant operations in, emerging market countries. Also, changes in currency exchange rates may affect an underlying fund&#8217;s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities. Fund Performance All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. <b>Portfolio Turnover</b> The following bar chart and table provide some indication of the potential risks of investing in the Fund. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx or by calling (800) 257-8787. After-tax returns are shown for Class A shares only; after-tax returns for other share classes will vary. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio), except that it does not pay transaction costs for buying and selling shares of the underlying funds. An underlying fund also pays transaction costs when it buys and sells securities. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. The Fund&#8217;s sub-adviser expects to make asset reallocation decisions on a monthly basis, although it may make these decisions more frequently if warranted by market conditions. Although the Fund is expected to have a low portfolio turnover rate, the underlying funds may trade securities frequently. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 38% of the average value of its portfolio. 0.38 Principal Investment Strategies January 31, 2014 <b>Redemption</b> The Fund is a &#8220;fund of funds&#8221; which invests primarily in a variety of other mutual funds that are also advised by the Fund&#8217;s investment adviser (the &#8220;underlying funds&#8221;). The Fund seeks to achieve its objective by generally providing significant allocations both to underlying funds that invest primarily in equity securities and to underlying funds that invest primarily in fixed income securities, but having a higher allocation to equity funds under most market conditions. The Fund may invest in an underlying fund that is an absolute return fund in an effort to enhance the Fund&#8217;s returns and mitigate risk by holding an investment believed to have a reduced level of correlation with the equity and fixed income markets. In addition to investing in the underlying funds, the Fund also may invest in securities that will expose the Fund to the performance of a commodity or commodity index, including, but not limited to, exchange-traded funds (&#8220;ETFs&#8221;). The Fund may invest up to 5% of its total assets in such securities. The Fund may invest in ETFs (in addition to those providing commodities exposure), closed-end investment companies, and other investment companies not affiliated with the Fund, provided that the Fund invests no more than 10% of its total assets, collectively, in unaffiliated pooled investment vehicles (other than certain money market funds).<br/><br/>The Fund may utilize the following derivatives: options; futures contracts; options on futures contracts; interest rate caps, collars, and floors; foreign currency contracts; and options on foreign currencies. The Fund may use these derivatives in an attempt to manage market risk, currency risk, credit risk and yield curve risk; to manage the effective maturity or duration of securities in the Fund&#8217;s, or underlying fund&#8217;s, portfolio; or for speculative purposes in an effort to increase the Fund&#8217;s yield or to enhance returns. The Fund may also use derivatives to gain exposure to non-dollar denominated securities markets. The use of a derivative is speculative if the Fund is primarily seeking to enhance returns, rather than offset the risk of other positions. When the Fund invests in a derivative for speculative purposes, the Fund will be fully exposed to the risks of loss of that derivative, which may sometimes be greater than the derivative&#8217;s cost. The Fund will limit its direct investments in derivatives such that it will not be subject to regulation as a commodity pool.<br/><br/>The Fund has targets for allocating its assets among the underlying funds and other securities, which are set forth in the following table as a percentage of the Fund&#8217;s total assets. The sub-adviser uses these target allocations as general guides in setting the Fund&#8217;s actual allocation. Actual allocations may be adjusted within the allocation ranges set forth in the table in order to take advantage of current or expected market conditions, or to manage risk. Normally, the Fund&#8217;s allocation to Cash Equivalents (defined as cash, money market funds, U.S. dollar-denominated high-quality money market instruments and other short-term securities) will not exceed the maximum set forth in the table. However, the Fund may temporarily invest without limit in Cash Equivalents in an attempt to respond to adverse market, economic, political, or other conditions. Investing a significant portion of the Fund&#8217;s assets in these securities may prevent the Fund from achieving its objective.<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="80%">&nbsp;</td> <td valign="bottom" width="7%">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td valign="bottom" width="9%">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom">&nbsp;<font class="_mt" size="1">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Target<br />Allocation</b></font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Allocation<br />Range</b></font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;</font></td></tr> <tr bgcolor="#cceeff"><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Equity Funds</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">59</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">30-75</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Fixed Income Funds</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">31</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">15-70</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr bgcolor="#cceeff"><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Absolute Return Funds</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0-20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Other Securities*</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">3</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0-10</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr bgcolor="#cceeff"><td style="border-bottom: #000000 1px solid;" valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Cash Equivalents</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0-35</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="1%" align="left"><font style="font-family: ARIAL;" class="_mt" size="1">*</font></td> <td valign="top" align="left"><font style="font-family: ARIAL;" class="_mt" size="1">Includes ETFs, closed-end investment companies, and other non-money market investment companies not affiliated with the Fund as well as securities that provide the Fund with exposure to the performance of commodities. </font></td></tr></table> <b>No Redemption</b> <b>Principal Risks </b> <b>Class A Annual Total Return</b> The bar chart below shows the variability of the Fund&#8217;s performance from year to year for Class A shares. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. (800) 257-8787 www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx The value of your investment in this Fund will change daily, which means you could lose money. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The principal risks of investing in the Fund include:<br/><br/><b>Additional Expenses</b>&#8212;Investing in the underlying funds and in unaffiliated pooled investment vehicles through an investment in the Fund involves additional expenses that would not be present in a direct investment in the underlying funds and unaffiliated investment companies.<br/><br/><b>Commodities Risk</b>&#8212;Commodities markets historically have been extremely volatile, and the performance of securities and other instruments that provide exposure to those markets therefore also may be highly volatile.<br/><br/><b>Derivatives Risk</b>&#8212;The use of derivatives involves additional risks, such as liquidity, interest rate, counterparty, market, credit and management risks, and transaction costs which could leave the Fund or an underlying fund in a worse position than if it had not used these instruments. Derivatives may entail investment exposures that are greater than their cost would suggest. As a result, a small investment in derivatives could have a large impact on performance. Recent legislation requires the development of a new regulatory framework for the derivatives market. The impact of the new regulations is still unknown, but has the potential to increase the costs of using derivatives, may limit the availability of some forms of derivatives or a Fund&#8217;s ability to use derivatives, and may adversely affect the performance of some derivative instruments used by a Fund as well as the Fund&#8217;s ability to pursue its investment objective through the use of such instruments.<br/><br/><b>Market Risk</b>&#8212;The market values of the Fund&#8217;s and the underlying funds&#8217; investments may decline, at times sharply and unpredictably.<br/><br/><b>Risks Associated with the Underlying Funds</b>&#8212;Because the Fund&#8217;s assets are invested primarily in shares of the underlying funds, the Fund&#8217;s investment performance and risks are directly related to the investment performance and risks of the underlying funds. In summarizing the risks of the underlying funds below, the Fund has organized the discussion into those risks typically associated with underlying funds that invest in equity securities (&#8220;Equity Funds&#8221;), those risks typically associated with underlying funds that invest in fixed income securities (&#8220;Fixed Income Funds&#8221;) and those risks generally associated with all of the underlying funds (absolute return funds generally have exposure to equity securities and fixed income securities). Certain underlying funds are subject to additional principal risks, which are described in the Fund&#8217;s prospectus.<br/><br/><b>Equity Funds </b><br/><b>Equity Security Risk</b>&#8212;Equity securities may decline significantly in price over short or extended periods of time, and such declines may occur in the equity market as a whole, or they may occur in only a particular country, company, industry, or sector of the market.<br/><br/><b>Fixed Income Funds</b><br/><b>Call Risk</b>&#8212;If an issuer calls higher-yielding debt instruments held by an underlying fund, performance could be adversely impacted.<br/><br/><b>Credit Risk</b>&#8212;Credit risk is the risk that an issuer of a debt security may be unable or unwilling to make interest and principal payments when due and the related risk that the value of a debt security may decline because of concerns about the issuer&#8217;s ability or willingness to make such payments. In addition, parties to other financial contracts with an underlying fund could default on their obligations.<br/><br/><b>High Yield Securities Risk</b>&#8212;High yield securities are high risk investments that may cause income and principal losses for the Fund and the underlying funds. They generally have greater credit risk, are less liquid, and have more volatile prices than investment grade securities.<br/><br/><b>Income Risk</b>&#8212;An underlying fund&#8217;s income could decline during periods of falling interest rates.<br/><br/><b>Interest Rate Risk</b>&#8212;Interest rate risk is the risk that the value of an underlying fund&#8217;s portfolio will decline because of rising interest rates. When interest rates change, the values of longer-duration debt securities usually change more than the values of shorter-duration debt securities.<br/><br/><b>Political and Economic Risks</b>&#8212;The value of an underlying fund that invests primarily in municipal bonds may be adversely affected by local political and economic conditions and developments. Adverse conditions in an industry significant to a local economy could have a correspondingly adverse effect on the financial condition of local issuers.<br/><br/><b>All Underlying Funds </b><br/><b>Non-U.S./Emerging Markets Risk</b>&#8212;Non-U.S. issuers or U.S. issuers with significant non-U.S. operations may be subject to risks in addition to those of issuers located in or that principally operate in the United States as a result of, among other things, political, social and economic developments abroad and different legal, regulatory and tax environments. These additional risks may be heightened for securities of issuers located in, or with significant operations in, emerging market countries. Also, changes in currency exchange rates may affect an underlying fund&#8217;s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities. Fund Performance The following bar chart and table provide some indication of the potential risks of investing in the Fund. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx or by calling (800) 257-8787. <b>Class A Annual Total Return</b> The bar chart below shows the variability of the Fund&#8217;s performance from year to year for Class A shares. The performance of the other share classes will differ due to their different expense structures. The bar chart and highest/lowest quarterly returns that follow do not reflect sales charges, and if these charges were reflected, the returns would be less than those shown. -0.1564 0.2411 0.1131 0.0768 0.1257 0.0948 -0.3185 0.295 0.1243 -0.0276 During the ten-year period ended December 31, 2011, the Fund&#8217;s highest and lowest quarterly returns were 16.83% and -19.17%, respectively, for the quarters ended June 30, 2009 and December 31, 2008. highest 2009-06-30 0.1683 lowest 2008-12-31 -0.1917 During the ten-year period ended December 31, 2011, the Fund&#8217;s highest and lowest quarterly returns were 16.66% and -16.80%, respectively, for the quarters ended June 30, 2009 and December 31, 2008. year-to-date total return 2012-09-30 0.1073 highest 2009-06-30 0.1666 lowest 2008-12-31 -0.168 The table below shows the variability of the Fund&#8217;s average annual returns and how they compare over the time periods indicated with those of a broad measure of market performance and an index of funds with similar investment objectives. Previously, the Fund used the Dow Jones Moderate U.S. Portfolio Index as a benchmark. Going forward, the Fund&#8217;s performance will be compared to the Morningstar Moderate Target Risk Index because it more closely reflects the Fund&#8217;s investment universe. All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class A shares only; after-tax returns for other share classes will vary. Your own actual after-tax returns will depend on your specific tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans.<br/><br/>Both the bar chart and the table assume that all distributions have been reinvested. Performance reflects fee waivers, if any, in effect during the periods presented. If any such waivers were not in place, returns would be reduced. <b>Average Annual Total Returns<br/> for the Periods Ended December 31, 2011</b> -0.069 -0.0733 -0.0447 -0.0688 -0.02 -0.015 -0.0098 -0.0011 0.0332 0.0345 0.0075 -0.0033 0.0019 0.01 0.0117 0.0166 0.0133 0.0219 0.0364 0.0269 0.0271 0.0347 0.0348 0.0405 0.0451 0.0393 0.0549 0.002 0.0155 0.0412 -0.1157 0.195 0.0981 0.0677 0.1126 0.0876 -0.2894 0.2874 0.1201 -0.0123 All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class A shares only; after-tax returns for other share classes will vary. The table below shows the variability of the Fund&#8217;s average annual returns and how they compare over the time periods indicated with those of a broad measure of market performance and an index of funds with similar investment objectives. Previously, the Fund used the Dow Jones Moderate U.S. Portfolio Index as a benchmark. Going forward, the Fund&#8217;s performance will be compared to the Morningstar Moderately Aggressive Target Risk Index because it more closely reflects the Fund&#8217;s investment universe. All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class A shares only; after-tax returns for other share classes will vary. Your own actual after-tax returns will depend on your specific tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans.<br/><br/>Both the bar chart and the table assume that all distributions have been reinvested. Performance reflects fee waivers, if any, in effect during the periods presented. If any such waivers were not in place, returns would be reduced. The bar chart below shows the variability of the Fund&#8217;s performance from year to year for Class A shares. (800) 257-8787 www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. <b>Average Annual Total Returns </b><br/><b>for the Periods Ended December 31, 2011</b> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenStrategyBalancedAllocationFund column period compact * ~</div> All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class A shares only; after-tax returns for other share classes will vary. <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenStrategyBalancedAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenStrategyBalancedAllocationFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenStrategyConservativeAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenStrategyConservativeAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenStrategyConservativeAllocationFund column period compact * ~</div> -0.0837 -0.0895 -0.053 -0.0818 -0.0342 -0.0297 -0.025 -0.038 0.0332 -0.013 -0.0009 -0.0086 -0.0033 0.0017 0.0036 0.0084 0.0134 -0.0021 0.0345 0.0063 0.0347 0.028 0.0271 0.0331 0.0331 0.0388 0.0433 0.0368 0.0549 0.038 Nuveen Strategy Conservative Allocation Fund Investment Objective The investment objective of the Fund is to seek a high level of current income consistent with limited risk to capital. Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Nuveen Mutual Funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial advisor and in &#8220;What Share Classes We Offer&#8221; on page 36 of the Fund&#8217;s prospectus, &#8221;How to Reduce Your Sales Charge&#8221; on page 38 of the prospectus and &#8220;Purchase and Redemption of Fund Shares&#8221; on page S-72 of the Fund&#8217;s statement of additional information. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or in other Nuveen Mutual Funds. 50000 <b>Shareholder Fees </b><br/>(fees paid directly from your investment) 0.0575 0 0 0 0 0 0.05 0.01 0 0 0 0 0 0 0 0 0 0 0 0 15 15 15 0 15 <b>Annual Fund Operating Expenses </b><br/>(expenses that you pay each year as a percentage of the value of your investment) 0.001 0.001 0.001 0.001 0.001 0.0025 0.01 0.01 0.005 0 0.0021 0.0021 0.0021 0.0021 0.0021 0.0077 0.0077 0.0077 0.0077 0.0077 0.0133 0.0208 0.0208 0.0158 0.0108 0.0117 0.0192 0.0192 0.0142 0.0092 -0.0016 -0.0016 -0.0016 -0.0016 <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenStrategyGrowthAllocationFund column period compact * ~</div> -0.0016 <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenStrategyGrowthAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenStrategyGrowthAllocationFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenStrategyGrowthAllocationFundBarChart column period compact * ~</div> The contingent deferred sales charge (&#8220;CDSC&#8221;) on Class B shares declines over a six-year period from purchase. The CDSC on Class C shares applies only to redemptions within 12 months of purchase. <b>Example </b> The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem your shares at the end of a period. The example also assumes that your investment has a 5% return each year, that the Fund&#8217;s operating expenses remain the same, and the contractual fee waivers currently in place are not renewed beyond January 31, 2014. Although your actual costs may be higher or lower, based on these assumptions your costs would be: January 31, 2014 <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenStrategyConservativeAllocationFund column period compact * ~</div> Other Expenses have been restated to reflect current contractual fees. 687 695 195 145 956 935 635 482 1246 1203 1103 844 <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenStrategyConservativeAllocationFund column period compact * ~</div> 2070 2204 2397 1864 94 326 579 1302 687 195 195 145 94 956 635 635 482 326 1246 1103 1103 844 579 2070 2204 2397 1864 1302 <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenStrategyConservativeAllocationFundBarChart column period compact * ~</div> The value of your investment in this Fund will change daily, which means you could lose money. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <b>Portfolio Turnover </b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio), except that it does not pay transaction costs for buying and selling shares of the underlying funds. An underlying fund also pays transaction costs when it buys and sells securities. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. The Fund&#8217;s sub-adviser expects to make asset reallocation decisions on a monthly basis, although it may make these decisions more frequently if warranted by market conditions. Although the Fund is expected to have a low portfolio turnover rate, the underlying funds may trade securities frequently. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 44% of the average value of its portfolio. 0.44 Principal Investment Strategies The Fund is a &#8220;fund of funds&#8221; which invests primarily in a variety of other mutual funds that are also advised by the Fund&#8217;s investment adviser (the &#8220;underlying funds&#8221;). The Fund seeks to achieve its objective by providing a high allocation to underlying funds that invest primarily in fixed income securities, but also has a limited exposure to underlying funds that invest primarily in equities, which is designed to help offset inflation and provide a source for potential increases in income over time. The Fund may invest in an underlying fund that is an absolute return fund in an effort to enhance the Fund&#8217;s returns and mitigate risk by holding an investment believed to have a reduced level of correlation with the equity and fixed income markets. In addition to investing in the underlying funds, the Fund also may invest in securities that will expose the Fund to the performance of a commodity or commodity index, including, but not limited to, exchange-traded funds (&#8220;ETFs&#8221;). The Fund may invest up to 5% of its total assets in such securities. The Fund may invest in ETFs (in addition to those providing commodities exposure), closed-end investment companies, and other investment companies not affiliated with the Fund, provided that the Fund invests no more than 10% of its total assets, collectively, in unaffiliated pooled investment vehicles (other than certain money market funds). <br/><br/>The Fund may utilize the following derivatives: options; futures contracts; options on futures contracts; interest rate caps, collars, and floors; foreign currency contracts; and options on foreign currencies. The Fund may use these derivatives in an attempt to manage market risk, currency risk, credit risk and yield curve risk; to manage the effective maturity or duration of securities in the Fund&#8217;s, or underlying fund&#8217;s, portfolio; or for speculative purposes in an effort to increase the Fund&#8217;s yield or to enhance returns. The Fund may also use derivatives to gain exposure to non-dollar denominated securities markets. The use of a derivative is speculative if the Fund is primarily seeking to enhance returns, rather than offset the risk of other positions. When the Fund invests in a derivative for speculative purposes, the Fund will be fully exposed to the risks of loss of that derivative, which may sometimes be greater than the derivative&#8217;s cost. The Fund will limit its direct investments in derivatives such that it will not be subject to regulation as a commodity pool. <br/><br/>The Fund has targets for allocating its assets among the underlying funds and other securities, which are set forth in the following table as a percentage of the Fund&#8217;s total assets. The sub-adviser uses these target allocations as general guides in setting the Fund&#8217;s actual allocation. Actual allocations may be adjusted within the allocation ranges set forth in the table in order to take advantage of current or expected market conditions, or to manage risk. Normally, the Fund&#8217;s allocation to Cash Equivalents (defined as cash, money market funds, U.S. dollar-denominated high-quality money market instruments and other short-term securities) will not exceed the maximum set forth in the table. However, the Fund may temporarily invest without limit in Cash Equivalents in an attempt to respond to adverse market, economic, political, or other conditions. Investing a significant portion of the Fund&#8217;s assets in these securities may prevent the Fund from achieving its objective.<table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="80%">&nbsp;</td> <td valign="bottom" width="7%">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td valign="bottom" width="9%">&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td></tr> <tr><td style="border-bottom: #000000 1px solid;" valign="bottom">&nbsp;<font class="_mt" size="1">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Target<br />Allocation</b></font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: ARIAL;" class="_mt" size="2"><b>Allocation<br />Range</b></font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;</font></td></tr> <tr bgcolor="#cceeff"><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Equity Funds</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">31</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10-55</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Fixed Income Funds</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">58</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">30-90 </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr bgcolor="#cceeff"><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Absolute Return Funds</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">10</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0-20</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr><td valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Other Securities*</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0-10</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr> <tr bgcolor="#cceeff"><td style="border-bottom: #000000 1px solid;" valign="top"><font style="font-family: ARIAL;" class="_mt" size="2">Cash Equivalents</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font class="_mt" size="1">&nbsp;&nbsp;&nbsp;&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom"><font style="font-family: ARIAL;" class="_mt" size="2">&nbsp;</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" align="right"><font style="font-family: ARIAL;" class="_mt" size="2">0-35</font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" nowrap="nowrap"><font style="font-family: ARIAL;" class="_mt" size="2">%&nbsp;</font></td></tr></table> <table style="border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="1%" align="left"><font style="font-family: ARIAL;" class="_mt" size="1">*</font></td> <td valign="top" align="left"><font style="font-family: ARIAL;" class="_mt" size="1">Includes ETFs, closed-end investment companies, and other non-money market investment companies not affiliated with the Fund as well as securities that provide the Fund with exposure to the performance of commodities. </font></td></tr></table> Principal Risks <b>Redemption</b> <b>No Redemption</b> -0.0388 -0.0464 -0.0251 -0.0376 0.0174 0.017 0.0642 0.0206 0.0131 0.0233 0.0254 0.0118 0.0145 0.0282 0.0299 0.0351 0.0403 0.0273 0.059 0.0288 0.0419 0.0289 0.0289 0.0401 0.0402 0.046 0.0507 0.0423 0.059 0.0405 The value of your investment in this Fund will change daily, which means you could lose money. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The principal risks of investing in the Fund include: <br/><br/><b>Additional Expenses</b>&#8212;Investing in the underlying funds and in unaffiliated pooled investment vehicles through an investment in the Fund involves additional expenses that would not be present in a direct investment in the underlying funds and unaffiliated investment companies. <br/><br/><b>Commodities Risk</b>&#8212;Commodities markets historically have been extremely volatile, and the performance of securities and other instruments that provide exposure to those markets therefore also may be highly volatile. <br/><br/><b>Derivatives Risk</b>&#8212;The use of derivatives involves additional risks, such as liquidity, interest rate, counterparty, market, credit and management risks, and transaction costs which could leave the Fund or an underlying fund in a worse position than if it had not used these instruments. Derivatives may entail investment exposures that are greater than their cost would suggest. As a result, a small investment in derivatives could have a large impact on performance. Recent legislation requires the development of a new regulatory framework for the derivatives market. The impact of the new regulations is still unknown, but has the potential to increase the costs of using derivatives, may limit the availability of some forms of derivatives or a Fund&#8217;s ability to use derivatives, and may adversely affect the performance of some derivative instruments used by a Fund as well as the Fund&#8217;s ability to pursue its investment objective through the use of such instruments. <br/><br/><b>Market Risk</b>&#8212;The market values of the Fund&#8217;s and the underlying funds&#8217; investments may decline, at times sharply and unpredictably. <br/><br/><b>Risks Associated with the Underlying Funds</b>&#8212;Because the Fund&#8217;s assets are invested primarily in shares of the underlying funds, the Fund&#8217;s investment performance and risks are directly related to the investment performance and risks of the underlying funds. In summarizing the risks of the underlying funds below, the Fund has organized the discussion into those risks typically associated with underlying funds that invest in equity securities (&#8220;Equity Funds&#8221;), those risks typically associated with underlying funds that invest in fixed income securities (&#8220;Fixed Income Funds&#8221;) and those risks generally associated with all of the underlying funds (absolute return funds generally have exposure to equity securities and fixed income securities). Certain underlying funds are subject to additional principal risks, which are described in the Fund&#8217;s prospectus. <br/><br/><b>Equity Funds </b><br/><b>Equity Security Risk</b>&#8212;Equity securities may decline significantly in price over short or extended periods of time, and such declines may occur in the equity market as a whole, or they may occur in only a particular country, company, industry, or sector of the market. <br/><br/><b>Fixed Income Funds</b> <br/><b>Call Risk</b>&#8212;If an issuer calls higher-yielding debt instruments held by an underlying fund, performance could be adversely impacted. <br/><br/><b>Credit Risk</b>&#8212;Credit risk is the risk that an issuer of a debt security may be unable or unwilling to make interest and principal payments when due and the related risk that the value of a debt security may decline because of concerns about the issuer&#8217;s ability or willingness to make such payments. In addition, parties to other financial contracts with an underlying fund could default on their obligations. <br/><br/><b>High Yield Securities Risk</b>&#8212;High yield securities are high risk investments that may cause income and principal losses for the Fund and the underlying funds. They generally have greater credit risk, are less liquid, and have more volatile prices than investment grade securities. <br/><br/><b>Income Risk</b>&#8212;An underlying fund&#8217;s income could decline during periods of falling interest rates. <br/><br/><b>Interest Rate Risk</b>&#8212;Interest rate risk is the risk that the value of an underlying fund&#8217;s portfolio will decline because of rising interest rates. When interest rates change, the values of longer-duration debt securities usually change more than the values of shorter-duration debt securities. <br/><br/><b>Political and Economic Risks</b>&#8212;The value of an underlying fund that invests primarily in municipal bonds may be adversely affected by local political and economic conditions and developments. Adverse conditions in an industry significant to a local economy could have a correspondingly adverse effect on the financial condition of local issuers.<br/><br/><b>All Underlying Funds </b><br/><b>Non-U.S./Emerging Markets Risk</b>&#8212;Non-U.S. issuers or U.S. issuers with significant non-U.S. operations may be subject to risks in addition to those of issuers located in or that principally operate in the United States as a result of, among other things, political, social and economic developments abroad and different legal, regulatory and tax environments. These additional risks may be heightened for securities of issuers located in, or with significant operations in, emerging market countries. Also, changes in currency exchange rates may affect an underlying fund&#8217;s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities. The value of your investment in this Fund will change daily, which means you could lose money. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fund Performance The following bar chart and table provide some indication of the potential risks of investing in the Fund. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx or by calling (800) 257-8787. The bar chart below shows the variability of the Fund&#8217;s performance from year to year for Class A shares. The performance of the other share classes will differ due to their different expense structures. The bar chart and highest/lowest quarterly returns that follow do not reflect sales charges, and if these charges were reflected, the returns would be less than those shown. <b>Class A Annual Total Return</b> -0.0188 0.1273 year-to-date total return 2012-09-30 0.1146 0.0686 0.0433 0.0777 0.0714 -0.2108 0.2727 0.0965 0.0196 The value of your investment in this Fund will change daily, which means you could lose money. During the ten-year period ended December 31, 2011, the Fund&#8217;s highest and lowest quarterly returns were 15.86% and -11.25%, respectively, for the quarters ended June 30, 2009 and December 31, 2008. The table below shows the variability of the Fund&#8217;s average annual returns and how they compare over the time periods indicated with those of a broad measure of market performance and an index of funds with similar investment objectives. Previously, the Fund used the Dow Jones Conservative U.S. Portfolio Index as a benchmark. Going forward, the Fund&#8217;s performance will be compared to the Morningstar Moderately Conservative Target Risk Index because it more closely reflects the Fund&#8217;s investment universe. All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class A shares only; after-tax returns for other share classes will vary. Your own actual after-tax returns will depend on your specific tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. <br/><br/>Both the bar chart and the table assume that all distributions have been reinvested. Performance reflects fee waivers, if any, in effect during the periods presented. If any such waivers were not in place, returns would be reduced. <b>Average Annual Total Returns <br/>for the Periods Ended December 31, 2011</b> The bar chart below shows the variability of the Fund&#8217;s performance from year to year for Class A shares. (800) 257-8787 www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class A shares only; after-tax returns for other share classes will vary. The contingent deferred sales charge (&#8220;CDSC&#8221;) on Class B shares declines over a six-year period from purchase. The CDSC on Class C shares applies only to redemptions within 12 months of purchase. Other Expenses have been restated to reflect current contractual fees. year-to-date total return 2012-09-30 0.0882 highest 2009-06-30 0.1586 lowest 2008-12-31 -0.1125 An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The bar chart below shows the variability of the Fund&#8217;s performance from year to year for Class A shares. The performance of the other share classes will differ due to their different expense structures. The bar chart and highest/lowest quarterly returns that follow do not reflect sales charges, and if these charges were reflected, the returns would be less than those shown. After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. The bar chart and highest/lowest quarterly returns that follow do not reflect sales charges, and if these charges were reflected, the returns would be less than those shown. The bar chart and highest/lowest quarterly returns that follow do not reflect sales charges, and if these charges were reflected, the returns would be less than those shown. After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. The bar chart and highest/lowest quarterly returns that follow do not reflect sales charges, and if these charges were reflected, the returns would be less than those shown. After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. The bar chart and highest/lowest quarterly returns that follow do not reflect sales charges, and if these charges were reflected, the returns would be less than those shown. After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem your shares at the end of a period. The example also assumes that your investment has a 5% return each year, that the Fund&#8217;s operating expenses remain the same, and the contractual fee waivers currently in place are not renewed beyond January 31, 2014. Although your actual costs may be higher or lower, based on these assumptions your costs would be: The Fund previously showed Annual Total Returns for Class R3. Going forward, the Fund will show Annual Total Returns for Class A because Class A shares now have a ten-year history, and showing Annual Total Returns for Class A shares is consistent with the disclosure of other funds in the Nuveen Fund complex. The Fund previously showed Annual Total Returns for Class R3. Going forward, the Fund will show Annual Total Returns for Class A because Class A shares now have a ten-year history, and showing Annual Total Returns for Class A shares is consistent with the disclosure of other funds in the Nuveen Fund complex. The Fund previously showed Annual Total Returns for Class R3. Going forward, the Fund will show Annual Total Returns for Class A because Class A shares now have a ten-year history, and showing Annual Total Returns for Class A shares is consistent with the disclosure of other funds in the Nuveen Fund complex. The Fund previously showed Annual Total Returns for Class R3. Going forward, the Fund will show Annual Total Returns for Class A because Class A shares now have a ten-year history, and showing Annual Total Returns for Class A shares is consistent with the disclosure of other funds in the Nuveen Fund complex. Previously, the Fund used the Dow Jones Moderately Aggressive U.S. Portfolio Index as a benchmark. Going forward, the Fund&#8217;s performance will be compared to the Morningstar Aggressive Target Risk Index because it more closely reflects the Fund&#8217;s investment universe. Previously, the Fund used the Dow Jones Moderate U.S. Portfolio Index as a benchmark. Going forward, the Fund&#8217;s performance will be compared to the Morningstar Moderately Aggressive Target Risk Index because it more closely reflects the Fund&#8217;s investment universe. Previously, the Fund used the Dow Jones Moderate U.S. Portfolio Index as a benchmark. Going forward, the Fund&#8217;s performance will be compared to the Morningstar Moderate Target Risk Index because it more closely reflects the Fund&#8217;s investment universe. Previously, the Fund used the Dow Jones Conservative U.S. Portfolio Index as a benchmark. Going forward, the Fund&#8217;s performance will be compared to the Morningstar Moderately Conservative Target Risk Index because it more closely reflects the Fund&#8217;s investment universe. The contingent deferred sales charge ("CDSC") on Class B shares declines over a six-year period from purchase. The CDSC on Class C shares applies only to redemptions within 12 months of purchase. Fee applies to the following types of accounts under $1,000 held directly with the Fund: individual retirement accounts (IRAs), Coverdell Education Savings Accounts and accounts established pursuant to the Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA). Other Expenses have been restated to reflect current contractual fees. The Fund's investment adviser has contractually agreed to waive fees and/or reimburse other Fund expenses through January 31, 2014, so that total annual fund operating expenses, after fee waivers and/or expense reimbursements and excluding Acquired Fund Fees and Expenses, do not exceed 0.40%, 1.15%, 1.15%, 0.65%, and 0.15% for Class A, Class B, Class C, Class R3 and Class I shares, respectively. Fee waivers and/or expense reimbursements will not be terminated prior to that time without the approval of the Fund's Board of Directors. Class A year-to-date total return as of September 30, 2012 was 12.19%. The Fund previously showed Annual Total Returns for Class R3. Going forward, the Fund will show Annual Total Returns for Class A because Class A shares now have a ten-year history, and showing Annual Total Returns for Class A shares is consistent with the disclosure of other funds in the Nuveen Fund complex. Class A year-to-date total return as of September 30, 2012 was 10.73%. Class A year-to-date total return as of September 30, 2012 was 11.46%. The Fund previously showed Annual Total Returns for Class R3. Going forward, the Fund will show Annual Total Returns for Class A because Class A shares now have a ten-year history, and showing Annual Total Returns for Class A shares is consistent with the disclosure of other funds in the Nuveen Fund complex. Class A year-to-date total return as of September 30, 2012 was 8.82%. The Fund previously showed Annual Total Returns for Class R3. Going forward, the Fund will show Annual Total Returns for Class A because Class A shares now have a ten-year history, and showing Annual Total Returns for Class A shares is consistent with the disclosure of other funds in the Nuveen Fund complex. 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