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nit3:RussellThousandGrowthIndexMember 2011-12-01 2012-11-30 0001041673 nit3:S000025526Member nit3:LipperLargeCapGrowthClassificationAverageMember 2011-12-01 2012-11-30 pure iso4217:USD 0.0575 0 0 0 0 0.01 0 0 0 0 0 0 0 0 0 0 0.0118 0.0118 0.0118 0.0118 0.0025 0.01 0.005 0 0.0038 0.004 0.0043 0.0036 748 261 210 157 748 261 210 157 1112 802 657 486 1112 802 657 486 1499 1370 1130 839 1499 1370 1130 839 2579 2915 2438 1834 2579 2915 2438 1834 485BPOS 2012-11-30 NUVEEN INVESTMENT TRUST II 0001041673 2012-11-28 2012-11-30 2012-07-31 false Nuveen Santa Barbara Global Growth Fund Nuveen Santa Barbara International Growth Fund Investment Objective The investment objective of the Fund is to seek long-term capital appreciation. 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 “What Share Classes We Offer” on page 25 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 27 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-53 of the Fund’s statement of additional information. <b>Shareholder Fees </b><br/>(fees paid directly from your investment) <b>Annual Fund Operating Expenses</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenTradewindsEmergingMarketsFund column period compact * ~</div> November 30, 2013 <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenTradewindsEmergingMarketsFund column period compact * ~</div> <b>Portfolio Turnover</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). 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’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 246% of the average value of its portfolio. 2.46 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>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 and that the Fund’s operating expenses are at the lesser of total annual fund operating expenses or the applicable expense limitation. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Redemption</b> <b>No Redemption</b> Principal Investment Strategies <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenTradewindsEmergingMarketsFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenTradewindsEmergingMarketsFundBarChart column period compact * ~</div> Under normal market conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in non-U.S. equity securities. Although the Fund concentrates its investments in developed markets, it may invest up to 30% of its net assets in companies located in emerging market countries. Principal Risks Nuveen Tradewinds Global Resources Fund Investment Objective The investment objective of the Fund is to seek long-term capital appreciation. 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 “What Share Classes We Offer” on page 37 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 39 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-70 of the Fund’s statement of additional information. <b>Shareholder Fees </b><br />(fees paid directly from your investment) <b>Annual Fund Operating Expenses </b><br/>(expenses that you pay each year as a percentage of the value of your investment) <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 and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Redemption</b> <b>No Redemption</b> <b>Portfolio Turnover</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). 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’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 88% of the average value of its portfolio. Principal Investment Strategies Under normal market conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities issued by U.S. and non-U.S. natural resource-related companies. Natural resource-related companies are defined as (i) companies in the energy, industrials, materials and utilities sectors; (ii) companies in the food products industry; (iii) companies, if not in one of these sectors or industry, that (a) derive at least 50% of their revenues or profits from owning, producing, refining, processing, transporting or marketing natural resources or (b) have at least 50% of the fair market value of their assets invested in natural resources; or (iv) pooled investment vehicles that primarily invest in the foregoing companies or that are otherwise designed primarily to provide investment exposure to natural resources. The Fund invests at least 40% of its net assets in non-U.S. securities. The Fund may invest up to 50% of its net assets in securities of emerging markets issuers. The Fund invests in securities of companies located in at least three different countries, which may include the United States. No more than 35% of the Fund’s net assets may be invested in securities of companies located in a single non-U.S. country, other than Canada. The Fund’s investment strategy is not designed to track the performance of any specific benchmark. Principal Risks 0.0575 0 0 0 0 0 0.05 0.01 0 0 0 0 0 0 0 0 0.0065 0.0065 0.0065 0.0065 0.0065 0.0025 0.01 0.01 0.005 0 675 582 182 131 81 887 863 563 409 252 1116 1070 970 708 439 1773 1908 2105 1556 978 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>Equity Security Risk</b>—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>Natural Resource-Related Companies Risk</b>—Equity securities of natural resource-related companies are especially affected by developments in the commodities markets; the supply of and demand for specific resources, products and services; the price of oil and gas; exploration and production spending; government regulation; economic conditions; international political developments; energy conservation efforts; and the success of exploration projects. Because the Fund focuses its investments in these companies, it may present more risks than if it were more broadly diversified over numerous industries and sectors of the economy.<br /><br /><b>Non-U.S./Emerging Markets Risk</b>—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 the Fund’s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities.<br /><br /><b>Other Investment Companies</b>—When the Fund invests in other investment companies, you bear both your proportionate share of Fund expenses and, indirectly, the expenses of the other investment companies.<br /><br /><b>Smaller Company Risk</b>—Small-cap stocks involve substantial risk. Prices of small-cap stocks may be subject to more abrupt or erratic movements, and to wider fluctuations, than stock prices of larger, more established companies or the market averages in general. It may be difficult to sell small-cap stocks at the desired time and price. While mid-cap stocks may be slightly less volatile than small-cap stocks, they still involve similar risks. Fund Performance The following bar chart and table provide some indication of the potential risks of investing in the Fund. The Fund’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 investment objective of the Fund is to seek an attractive total return comprised of income from dividends and long-term capital appreciation. 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 “What Share Classes We Offer” on page 18 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 20 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-53 of the Fund’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) Investment Objective The investment objective of the Fund is to provide long-term capital appreciation. 0 0 0 0 15 15 15 0 15 Nuveen Santa Barbara Growth Fund Investment Objective The investment objective of the Fund is to seek long-term capital appreciation. 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 “What Share Classes We Offer” on page 25 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 27 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-53 of the Fund’s statement of additional information. <b>Shareholder Fees</b><br/>(fees paid directly from your investment) <b>Annual Fund Operating Expenses</b><br/>(expenses that you pay each year as a percentage of the value of your investment) Fees and Expenses of the Fund <b>Portfolio Turnover</b> <b>Shareholder Fees</b><br/>(fees paid directly from your investment) The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). 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’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 72% of the average value of its portfolio. <b>Annual Fund Operating Expenses</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>Example</b> 0.72 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. <b>Annual Fund Operating Expenses </b><br />(expenses that you pay each year as a percentage of the value of your investment) <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 and that the Fund’s operating expenses are at the lesser of total annual fund operating expenses or the applicable expense limitation. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Portfolio Turnover</b> <b>Redemption</b> Principal Investment Strategies <b>No Redemption</b> Principal Risks Principal Investment Strategies Under normal market conditions, the Fund invests at least 80% of its net assets in equity securities of companies with market capitalizations at the time of investment comparable to companies in the Russell 1000 Index. The Fund will not be forced to sell a stock because it has exceeded or fallen below the current market capitalization range.<br/><br/>The Fund may invest up to 25% of its net assets in non-U.S. equity securities that are U.S. dollar-denominated. Principal Risks 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>Equity Security Risk</b>—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>Investment Focus Risk</b>—Different types of stocks tend to shift in and out of favor depending on market and economic conditions. The Fund emphasizes a growth style of investing and therefore seeks companies experiencing high rates of current growth; such companies may be more volatile than other types of investments.<br /><br /> <b>Non-U.S./Emerging Markets Risk</b>—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 the Fund’s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities.<br /><br /> <b>Smaller Company Risk</b>—Small-cap stocks involve substantial risk. Prices of small-cap stocks may be subject to more abrupt or erratic movements, and to wider fluctuations, than stock prices of larger, more established companies or the market averages in general. It may be difficult to sell small-cap stocks at the desired time and price. While mid-cap stocks may be slightly less volatile than small-cap stocks, they still involve similar risks. 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>Equity Security Risk</b>—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>Investment Focus Risk</b>—Different types of stocks tend to shift in and out of favor depending on market and economic conditions. The Fund emphasizes a growth style of investing and therefore seeks companies experiencing high rates of current growth; such companies may be more volatile than other types of investments.<br/><br/><b>Non-U.S. Investment Risk</b>—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. Also, changes in currency exchange rates may affect the Fund’s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities.<br/><br/><b>Smaller Company Risk</b>—Small-cap stocks involve substantial risk. Prices of small-cap stocks may be subject to more abrupt or erratic movements, and to wider fluctuations, than stock prices of larger, more established companies or the market averages in general. It may be difficult to sell small-cap stocks at the desired time and price. While mid-cap stocks may be slightly less volatile than small-cap stocks, they still involve similar risks. Fund Performance 0.0014 0.0014 0.0014 0.0014 0.0014 The value of your investment in this Fund will change daily, which means you could lose money. 0.0104 0.0179 0.0179 0.0129 0.0079 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’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 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 bar chart below shows the variability of the Fund’s performance from year to year for Class A shares. (800) 257-8787 <b>Class A Annual Total Return</b> www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Fund Performance <b>Class A Annual Total Return</b> The following bar chart and table provide some indication of the potential risks of investing in the Fund. The Fund’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’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. (800) 257-8787 www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 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>Average Annual Total Returns<br/> for the Periods Ended<br/> December 31, 2011</b> During the five-year period ended December 31, 2011, the Fund’s highest and lowest quarterly returns were 13.46% and -21.00%, respectively, for the quarters ended June 30, 2009 and December 31, 2008. <b>Class A Annual Total Return</b> <b>Average Annual Total Returns<br/> for the Periods Ended<br/> December 31, 2011</b> 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. 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 “What Share Classes We Offer” on page 25 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 27 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-53 of the Fund’s statement of additional information. 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’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. Class R3 shares commenced operations on March 3, 2009. The 5 years and since inception returns for Class R3 shares shown below reflect Class I performance prior to March 3, 2009 adjusted for the difference in fees between the classes. 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. Other Expenses have been restated to reflect current contractual fees. <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 and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: During the two-year period ended December 31, 2011, the Fund’s highest and lowest quarterly returns were 19.66% and -21.16%, respectively, for the quarters ended September 30, 2010 and September 30, 2011. 50000 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. <b>Portfolio Turnover</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). 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’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 26% of the average value of its portfolio. 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 and that the Fund’s operating expenses are at the applicable expense limitation. Although your actual costs may be higher or lower, based on these assumptions your costs would be: Nuveen Tradewinds Global All-Cap Fund <b>Average Annual Total Returns<br/> for the Periods Ended<br/> December 31, 2011</b> 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’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. 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. 0.0575 0 0 During the five-year period ended December 31, 2011, the Fund’s highest and lowest quarterly returns were 14.44% and -13.94%, respectively, for the quarters ended September 30, 2010 and December 31, 2008. During the five-year period ended December 31, 2011, the Fund’s highest and lowest quarterly returns were 25.06% and -29.26%, respectively, for the quarters ended June 30, 2009 and September 30, 2008. 0 0.01 0 Investment Objective 0 0 November 30, 2013 -0.0087 -0.0149 -0.0058 0.0035 0.0439 0 0.01 0 0 The table below shows the variability of the Fund’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. Class R3 shares commenced operations on September 29, 2009. The 5 years and since inception returns for Class R3 shares shown below reflect Class I performance prior to September 29, 2009 adjusted for the difference in fees between the classes. The Fund changed its primary benchmark from the MCSI All Country World Index to the S&P Global Natural Resources Index. The S&P Global Natural Resources Index did not exist at inception of the Fund and Nuveen Fund Advisors, Inc. believes that the S&P Global Natural Resources Index is reflective of the Fund’s strategy and provides an appropriate performance comparison for shareholders. 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. 0.0235 0.0198 0.0189 0.0261 0 0 0.0279 0 0 The investment objective of the Fund is to seek long-term capital appreciation. 0.0443 0.0405 0.0371 0.0458 0.0471 0 0 0 0 0 0 0 0 <b>Average Annual Total Returns<br/> for the Periods Ended<br/> December 31, 2011</b> 0 0 0 0 <b>Redemption</b> 15 15 0 15 <b>No Redemption</b> 15 15 0 15 The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). 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’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 150% of the average value of its portfolio. 1.5 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 “What Share Classes We Offer” on page 37 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 39 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-70 of the Fund’s statement of additional information. Under normal market conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in U.S. and non-U.S. equity securities. Although the Fund will concentrate its investments in developed markets, it may invest up to 25% of its net assets in companies located in emerging market countries. The Fund will invest at least 40% of its net assets in non-U.S. equity securities. 0.0068 0.0068 0.0068 0.0068 0.0025 0.01 0.005 0 0.0489 0.0548 0.0211 0.0307 <b>Shareholder Fees </b><br/> (fees paid directly from your investment) 0.0037 0.0038 0.0034 0.0038 0.0044 0.0384 0.0332 0.013 -0.0025 0.0206 0.0152 0.0106 0.0165 0.0525 0.0578 0.0253 0.0575 0 0 0 0 -0.0007 -0.0008 -0.0004 -0.0008 0.0123 0.0198 0.0148 0.0098 0 0.05 0.01 0 0 0 0 0 0 0 0 0 0 0 0 15 15 15 0 15 0.0575 0 0 0 0 0.01 0 0 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>Equity Security Risk</b>—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>Investment Focus Risk</b>—Different types of stocks tend to shift in and out of favor depending on market and economic conditions. The Fund emphasizes a growth style of investing and therefore seeks companies experiencing high rates of current growth; such companies may be more volatile than other types of investments.<br/><br/> <b>Non-U.S./Emerging Markets Risk</b>—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 the Fund’s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities.<br/><br/> <b>Smaller Company Risk</b>—Small-cap stocks involve substantial risk. Prices of small-cap stocks may be subject to more abrupt or erratic movements, and to wider fluctuations, than stock prices of larger, more established companies or the market averages in general. It may be difficult to sell small-cap stocks at the desired time and price. While mid-cap stocks may be slightly less volatile than small-cap stocks, they still involve similar risks. Nuveen Tradewinds Emerging Markets Fund Investment Objective The investment objective of the Fund is to seek long-term capital appreciation. Fees and Expenses of the Fund 0 0 0 0 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 “What Share Classes We Offer” on page 37 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 39 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-70 of the Fund’s statement of additional information. 15 15 0 15 0.88 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. <b>Shareholder Fees </b><br/>(fees paid directly from your investment) 50000 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. 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. 693 201 151 100 The value of your investment in this Fund will change daily, which means you could lose money. The bar chart below shows the variability of the Fund’s performance from year to year for Class A shares. (800) 257-8787 957 638 www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx 476 329 The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 1241 1101 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. 825 577 2047 2383 1809 1287 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. 0.0575 0 0 0 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 0.01 0 0 <b>Average Annual Total Returns<br/>for the Periods Ended<br/>December 31, 2011</b> 0 0 0 0 0.0083 0.0083 0.0083 The following bar chart and table provide some indication of the potential risks of investing in the Fund. The Fund’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. 0.0083 0.0083 693 201 151 100 0 0.0025 0 0.01 0 0 0.01 0.005 0 957 638 476 329 1241 1101 825 577 15 15 0 15 2047 2383 0.002 1809 1287 0.0021 0.0022 0.0024 0.0019 0.0083 0.0083 0.0083 0.0083 0.0128 0.0204 0.0205 0.0157 0.0102 (800) 257-8787 www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx 0.0082 0.0082 0.0082 0.0082 0.0025 0.01 0.005 0 The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 0.0025 0.01 0.005 0 0.1136 0.0258 0.0057 0.0181 -0.2461 0.006 0.0211 0.0056 0.0154 0.0056 0.0527 0.1718 0.0527 0.0527 0.0527 0.1517 0.0517 0 0 -0.0004 The bar chart below shows the variability of the Fund’s performance from year to year for Class A shares. 0 0.0181 0.0258 0.0207 0.0165 0.0154 0.0243 0.0634 0.0189 0.0709 0.0139 0.0659 0.0609 -0.0022 -0.0025 -0.0021 -0.0021 -0.0492 -0.0492 -0.0492 -0.0492 0.0143 During the two-year period ended December 31, 2011, the Fund’s highest and lowest quarterly returns were 16.93% and -18.52%, respectively, for the quarters ended September 30, 2010 and September 30, 2011. 0.0218 0.0168 0.0118 0.0142 0.0217 0.0167 0.0117 0.0087 0.0087 0.0087 0.0087 <b>Class A Annual Total Return</b> 0.0025 0.01 0.005 0 0.0386 0.0031 0.0032 0.0033 -0.3138 0.0029 0.2 0.146 0.0143 0.0219 0.017 0.0116 -0.0051 highest <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 and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 712 222 173 118 1001 685 536 368 lowest year-to-date total return 0.1011 -0.1852 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. 675 182 182 131 81 1312 1175 0.1693 923 638 2190 887 563 563 2010-09-30 2524 409 50000 252 2009 1409 2011-09-30 2012-09-30 1116 970 970 708 439 1773 1908 2105 1556 978 November 30, 2013 <b>Annual Fund Operating Expenses </b><br/>(expenses that you pay each year as a percentage of the value of your investment) 0.0575 0 0 0 0 0.01 0 0 -0.0624 -0.0624 -0.0406 -0.0131 -0.0076 -0.0029 0.0264 0 0 0 0 712 222 -0.0168 173 -0.017 118 -0.0143 -0.0126 -0.0078 -0.0026 0.025 0.0127 1001 685 536 368 -0.0122 -0.0124 -0.0104 -0.0096 0 1312 -0.0048 0 1175 0 0.0005 0 923 0.0327 638 0.0171 2190 2524 2009 1409 15 15 0 15 698 607 208 160 104 <b>Redemption</b> <b>No Redemption</b> 958 940 643 496 712 325 221 171 120 1237 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase. 1198 1103 1045 855 734 563 574 419 0.26 2031 2174 2379 1867 1248 Other Expenses have been restated to reflect current contractual fees. <b>Example</b> The value of your investment in this Fund will change daily, which means you could lose money. 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 and that the Fund’s operating expenses are at the lesser of total annual fund operating expenses or the applicable expense limitation. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 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. 0.2802 -0.4383 0.6365 0.3382 -0.2289 1401 1273 1002 741 www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx (800) 257-8787 The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 698 207 208 160 104 2400 2747 2195 1650 958 640 643 496 325 1237 1098 1103 855 563 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. 2031 2174 2379 1867 1248 -0.2732 -0.2808 -0.1763 -0.2344 -0.2308 -0.2269 -0.1521 -0.0735 -0.157 -0.1665 0.0274 0.017 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. 0.0182 0.0318 0.0368 0.0421 0.017 -0.0193 0.0135 0.0155 0.0276 0.0173 0.0184 0.0321 0.037 0.0422 0.0157 -0.0187 0.0136 0.0093 After-tax returns are shown for Class A shares only; after-tax returns for other share classes will vary. After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. 711 220 170 119 1489 1188 1043 896 2737 2626 2406 2181 <b>Portfolio Turnover</b> 5965 5628 5272 5714 0.0083 0.0083 0.0083 0.0083 The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). 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’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 69% of the average value of its portfolio. <b>Portfolio Turnover</b> 0.0025 0.01 0.005 0 The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). 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’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 53% of the average value of its portfolio. 0.69 0.049 0.0519 0.0559 0.0669 0.53 0.0598 0.0702 0.0692 0.0752 -0.0455 -0.0484 -0.0524 -0.0634 Principal Investment Strategies 711 220 170 119 1489 1188 1043 896 0.0143 0.0218 0.0168 0.0118 Under normal market conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of U.S. and non-U.S. companies with varying market capitalizations. The Fund invests at least 40%, and may invest up to 75%, of its net assets in non-U.S. equity securities. The Fund may invest up to 25% of its net assets in equity securities of companies located in emerging market countries. The Fund invests in equity securities of companies located in at least three different countries, which may include the United States. No more than 35% of the Fund’s net assets may be invested in equity securities of companies located in a single non-U.S. country. The Fund’s investment strategy is not designed to track the performance of any specific benchmark. 2737 2626 2406 2181 5714 5965 5628 5272 Principal Risks 712 171 734 419 1401 1002 2747 1650 Principal Investment Strategies year-to-date total return 2012-09-30 0.1264 highest Under normal market conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of emerging market issuers. Emerging markets issuers are those (i) whose securities are traded principally on a stock exchange or over-the-counter in an emerging market country, (ii) that are organized under the laws of and have a principal office(s) in an emerging market country or (iii) that have at least 50% of their revenues, profits or assets in emerging market countries. The Fund invests primarily in equity securities, but it may invest up to 20% of its net assets in debt securities of companies located in emerging market countries. The Fund’s investment strategy is not designed to track the performance of any specific benchmark. 2010-09-30 0.1444 lowest 2006-12-15 2008-12-31 2006-12-15 Principal Risks 2006-12-15 2006-12-15 2006-12-15 2006-12-15 -0.1394 1045 <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenTradewindsGlobalResourcesFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenTradewindsGlobalResourcesFund column period compact * ~</div> 2400 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>Equity Security Risk</b>—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>Non-U.S./Emerging Markets Risk</b>—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 the Fund’s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities. <br/><br/><b>Smaller Company Risk</b>—Small-cap stocks involve substantial risk. Prices of small-cap stocks may be subject to more abrupt or erratic movements, and to wider fluctuations, than stock prices of larger, more established companies or the market averages in general. It may be difficult to sell small-cap stocks at the desired time and price. While mid-cap stocks may be slightly less volatile than small-cap stocks, they still involve similar risks. <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenTradewindsGlobalResourcesFund column period compact * ~</div> Fund Performance 2006-03-28 2006-03-28 2006-03-28 2006-03-28 2006-03-28 2006-03-28 2006-03-28 2006-03-28 1273 <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenTradewindsGlobalResourcesFund column period compact * ~</div> 221 <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenTradewindsGlobalResourcesFundBarChart column period compact * ~</div> 574 <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenTradewindsGlobalResourcesFund column period compact * ~</div> 2195 120 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>Debt Security Risks</b>—Debt securities are subject to risks including call risk, credit risk, income risk, interest rate risk and market risk. High yield securities generally have greater credit risk, are less liquid, and have more volatile prices than investment grade securities.<br /><br /><b>Emerging Markets Risk</b>—Emerging markets generally do not have the level of market efficiency and strict standards in accounting and securities regulation to be on par with advanced economies. Investments in emerging markets come with much greater risk due to political instability, domestic infrastructure problems, currency volatility and limited equity opportunities.<br /><br /><b>Equity Security Risk</b>—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>Non-U.S. Investment Risk</b>—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. Also, changes in currency exchange rates may affect the Fund’s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities.<br /><br /><b>Smaller Company Risk</b>—Small-cap stocks involve substantial risk. Prices of small-cap stocks may be subject to more abrupt or erratic movements, and to wider fluctuations, than stock prices of larger, more established companies or the market averages in general. It may be difficult to sell small-cap stocks at the desired time and price. While mid-cap stocks may be slightly less volatile than small-cap stocks, they still involve similar risks. 741 712 221 171 120 1051 734 The value of your investment in this Fund will change daily, which means you could lose money. 582 428 Nuveen Santa Barbara Global Dividend Growth Fund 1413 1273 1019 758 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. 2428 2747 2234 1692 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. Investment Objective The investment objective of the Fund is to seek an attractive total return comprised of income from dividends and long-term capital appreciation. 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 “What Share Classes We Offer” on page 18 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 20 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-53 of the Fund’s statement of additional information. <b>Shareholder Fees </b></br>(fees paid directly from your investment) <b>Annual Fund Operating Expenses</b><br/>(expenses that you pay each year as a percentage of the value of your investment) -0.2433 -0.2422 <b>Example </b> -0.1575 -0.2019 -0.1983 -0.194 -0.1214 -0.1394 <b>Redemption</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’s operating expenses remain the same and the contractual fee waivers currently in place are not renewed beyond November 30, 2014. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 0.1228 0.1008 0.0943 0.1393 712 0.1448 221 0.1506 171 0.1059 <b>Portfolio Turnover</b> 0.13 120 The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). 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’s performance. For the fiscal period June 11, 2012 through July 31, 2012, the Fund’s portfolio turnover rate was 0% of the average value of its portfolio. Principal Investment Strategies Under normal market conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in dividend-paying equity securities, which include preferred securities. Under normal market conditions, the Fund invests between 40% and 75% of its net assets in non-U.S. securities. Although the Fund will concentrate its investments in developed markets, it may invest up to 10% of its net assets in companies located in emerging market countries. The Fund may invest in small-, mid- and large-cap companies. Principal Risks 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>Dividend Tax Rate Risk</b>—The current 15% maximum tax rate that applies to certain qualifying dividends does not apply to tax years beginning after December 31, 2012. Unless legislation extending this preferential rate is enacted, the tax rate on qualifying dividends will generally increase to a taxpayer’s normal tax rate on ordinary income beginning in 2013, which would decrease after-tax returns.<br/><br/><b>Equity Security Risk</b>—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>Investment Focus Risk</b>—Different types of stocks tend to shift in and out of favor depending on market and economic conditions. The Fund emphasizes a growth style of investing and therefore seeks companies experiencing high rates of current growth; such companies may be more volatile than other types of investments.<br/><br/><b>Non-U.S./Emerging Markets Risk</b>—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 the Fund’s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities.<br/><br/><b>Preferred Security Risk</b>—Preferred securities are subordinated to bonds and other debt instruments in a company’s capital structure and therefore will be subject to greater credit risk than those debt instruments.<br/><br/><b>Sector Risk</b>—Given the Fund’s focus on dividend-paying securities, the Fund may, from time to time, have a greater exposure to higher dividend-yield sectors and industries than the broad equity market. This policy may expose the Fund to additional risk.<br/><br/><b>Smaller Company Risk—</b>Small-cap stocks involve substantial risk. Prices of small-cap stocks may be subject to more abrupt or erratic movements, and to wider fluctuations, than stock prices of larger, more established companies or the market averages in general. It may be difficult to sell small-cap stocks at the desired time and price. While mid-cap stocks may be slightly less volatile than small-cap stocks, they still involve similar risks. 1051 734 582 428 <b>Redemption</b> <b>No Redemption</b> 1413 1273 1019 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase. 758 Fund Performance 2428 Other Expenses have been restated to reflect current contractual fees. 2747 2234 1692 0 50000 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. The value of your investment in this Fund will change daily, which means you could lose money. year-to-date total return 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. 2012-09-30 0.1159 Fund performance is not included in this prospectus because the Fund has not been in existence for a full calendar year. highest Fund Performance 2009-06-30 0.1346 <b>No Redemption</b> lowest 2008-12-31 -0.21 The following bar chart and table provide some indication of the potential risks of investing in the Fund. The Fund’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’s performance from year to year for Class A shares. (800) 257-8787 <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenSantaBarbaraGlobalDividendGrowthFund column period compact * ~</div> www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx year-to-date total return 2012-09-30 -0.0726 The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. highest 2009-06-30 0.2506 lowest <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenSantaBarbaraGlobalDividendGrowthFund column period compact * ~</div> 2008-09-30 -0.2926 <b>Class A Annual Total Return</b> The bar chart below shows the variability of the Fund’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. 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 table below shows the variability of the Fund’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. 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. During the three-year period ended December 31, 2011, the Fund’s highest and lowest quarterly returns were 32.82% and -23.04%, respectively, for the quarters ended June 30, 2009 and September 30, 2011. <b>Average Annual Total Returns<br/> for the Periods Ended<br/> December 31, 2011</b> 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. The table below shows the variability of the Fund’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. 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. After-tax returns are shown for Class A shares only; after-tax returns for other share classes will vary. Other Expenses have been restated to reflect current contractual fees. The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase. -0.178 -0.0804 -0.0971 -0.0926 -0.0882 -0.0554 -0.1151 0.1369 0.1008 0.1008 0.1534 0.1592 0.165 0.1395 0.142 year-to-date total return 2012-09-30 -0.0261 highest 2009-06-30 0.3282 lowest 2011-09-30 -0.2304 -0.2857 0.2705 0.8488 -0.3267 -0.3346 -0.2119 -0.291 -0.2875 -0.2839 -0.1842 -0.2033 0.1726 0.1549 0.1414 0.187 0.1927 0.1989 0.2073 0.1932 The bar chart below shows the variability of the Fund’s performance from year to year for Class A shares. 2008-12-29 2008-12-29 2008-12-29 2008-12-29 2008-12-29 2008-12-29 2008-12-29 2008-12-29 -0.1424 2009-04-24 2009-04-24 2009-04-24 2009-04-24 2009-04-24 2009-04-24 0.2015 -0.09 The bar chart below shows the variability of the Fund’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 shown for Class A shares only; after-tax returns for other share classes will vary. 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. 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. <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenSantaBarbaraGlobalGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenSantaBarbaraDividendGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenSantaBarbaraGlobalGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenSantaBarbaraDividendGrowthFund column period compact * ~</div> 2006-12-15 2006-12-15 2006-12-15 2006-12-15 <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenSantaBarbaraDividendGrowthFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenSantaBarbaraDividendGrowthFund column period compact * ~</div> 2006-03-28 2006-03-28 2006-03-28 2006-03-28 2006-03-28 2006-03-28 2006-03-28 <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenSantaBarbaraGlobalGrowthFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenSantaBarbaraGlobalGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenTradewindsEmergingMarketsFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenTradewindsEmergingMarketsFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenSantaBarbaraDividendGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenSantaBarbaraDividendGrowthFund column period compact * ~</div> 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 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>Dividend Tax Rate Risk</b>—The current 15% maximum tax rate that applies to certain qualifying dividends does not apply to tax years beginning after December 31, 2012. Unless legislation extending this preferential rate is enacted, the tax rate on qualifying dividends will generally increase to a taxpayer’s normal tax rate on ordinary income beginning in 2013, which would decrease after-tax returns.<br/><br/><b>Equity Security Risk</b>—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>Investment Focus Risk</b>—Different types of stocks tend to shift in and out of favor depending on market and economic conditions. The Fund emphasizes a growth style of investing and therefore seeks companies experiencing high rates of current growth; such companies may be more volatile than other types of investments.<br/><br/><b>Mid-Cap Stock Risk</b>—Stocks of mid-cap companies may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general.<br/><br/><b>Non-U.S. Investment Risk</b>—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. Also, changes in currency exchange rates may affect the Fund’s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities.<br/><br/><b>Preferred Security Risk</b>—Preferred securities are subordinated to bonds and other debt instruments in a company’s capital structure and therefore will be subject to greater credit risk than those debt instruments.<br/><br/><b>Sector Risk</b>—Given the Fund’s focus on dividend-paying securities, the Fund may, from time to time, have a greater exposure to higher dividend-yield sectors and industries than the broad equity market. This policy may expose the Fund to additional risk. Under normal market conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in dividend-paying common and preferred stocks. Companies in certain economic sectors of the market, such as the financial services, utilities and energy sectors, have historically provided higher dividend yields than companies in other sectors and industries. As a result, given the Fund’s focus on dividend-paying securities, the Fund may, from time to time, have a greater exposure to these higher dividend-yield sectors and industries than the broad equity market.<br/><br/>The Fund may invest up to 25% of its net assets in non-U.S. equity securities that are U.S. dollar-denominated. The following bar chart and table provide some indication of the potential risks of investing in the Fund. The Fund’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’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. The table below shows the variability of the Fund’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. Class R3 shares commenced operations on March 3, 2009. The 5 years and since inception returns for Class R3 shares shown below reflect Class I performance prior to March 3, 2009 adjusted for the difference in fees between the classes. 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. Investment Objective The investment objective of the Fund is to seek long-term capital appreciation. 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 “What Share Classes We Offer” on page 37 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 39 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-70 of the Fund’s statement of additional information. <b>Shareholder Fees </b><br/>(fees paid directly from your investment) <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenSantaBarbaraGlobalGrowthFund column period compact * ~</div> <b>Annual Fund Operating Expenses </b><br/>(expenses that you pay each year as a percentage of the value of your investment) <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 and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Redemption</b> <b>No Redemption</b> <b>Portfolio Turnover</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). 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’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 26% of the average value of its portfolio. Principal Investment Strategies Under normal market conditions, the Fund invests at least 80% of its net assets in non-U.S. equity securities. The Fund invests primarily in developed countries, but it may invest up to 20% of its net assets in equity securities of companies located in emerging market countries. No more than 35% of the Fund’s net assets may be invested in equity securities of companies located in a single non-U.S. country. In selecting securities, the Fund’s sub-adviser seeks to invest in businesses at attractive valuations through a disciplined, consistent research process. The Fund’s investment strategy is not designed to track the performance of any specific benchmark. Principal Risks <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenSantaBarbaraGlobalGrowthFund 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. The principal risks of investing in the Fund include:<br /><br /><b>Equity Security Risk</b>—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>Investment Focus Risk</b>—Different types of stocks tend to shift in and out of favor depending on market and economic conditions. The Fund emphasizes a value style of investing and therefore seeks undervalued companies with characteristics for improved valuations; such companies are subject to the risk that the valuations never improve.<br /><br /><b>Non-U.S./Emerging Markets Risk</b>—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 the Fund’s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities.<br /><br /><b>Smaller Company Risk</b>—Small-cap stocks involve substantial risk. Prices of small-cap stocks may be subject to more abrupt or erratic movements, and to wider fluctuations, than stock prices of larger, more established companies or the market averages in general. It may be difficult to sell small-cap stocks at the desired time and price. While mid-cap stocks may be slightly less volatile than small-cap stocks, they still involve similar risks. Fund Performance The following bar chart and table provide some indication of the potential risks of investing in the Fund. The Fund’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.<br /><br />Effective October 7, 2002, the Fund, pursuant to shareholder approval, (a) changed its name and primary investment strategy, and (b) changed its sub-adviser. Therefore, the Fund’s total returns shown below for periods prior to October 7, 2002, are not indicative of the performance that the Fund, as currently managed, would have generated. <b>Class A Annual Total Return</b> During the ten-year period ended December 31, 2011, the Fund’s highest and lowest quarterly returns were 19.83% and -19.08%, respectively, for the quarters ended June 30, 2009 and September 30, 2002. The table below shows the variability of the Fund’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. Class R3 shares commenced operations on August 4, 2008. The 5 and 10 year returns for Class R3 shares shown below reflect Class I performance prior to August 4, 2008 adjusted for the difference in fees between the classes. 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<br/> December 31, 2011</b> 0.26 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 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 bar chart below shows the variability of the Fund’s performance from year to year for Class A shares. (800) 257-8787 www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 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. 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 (“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. Other Expenses have been restated to reflect current contractual fees. 0.0575 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15 15 15 0 15 0.0083 0.0083 0.0083 0.0083 0.0083 0.0025 0.01 0.01 0.005 0 0.0026 0.0027 0.0026 0.0028 0.0026 0.0134 0.021 0.0209 0.0161 0.0109 704 613 212 164 111 975 958 655 508 347 1267 1229 1124 876 601 2095 2237 2421 1911 1329 704 213 212 164 111 975 658 655 508 347 1267 1129 1124 876 601 2095 2237 2421 1911 1329 -0.128 0.4527 0.2821 0.1295 0.1793 0.1066 -0.2937 0.1986 0.1335 -0.1587 -0.2071 -0.2124 -0.1346 -0.1978 -0.165 -0.1608 -0.1563 -0.1214 -0.1364 -0.0338 -0.0457 -0.032 -0.0312 -0.0297 -0.025 -0.0198 -0.0472 -0.0403 0.0618 0.0552 0.053 0.0612 0.0596 0.0648 0.0703 0.0467 0.0556 <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenTradewindsInternationalValueFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenTradewindsInternationalValueFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenTradewindsInternationalValueFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenTradewindsInternationalValueFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenTradewindsInternationalValueFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenTradewindsInternationalValueFund column period compact * ~</div> Investment Objective Fees and Expenses of the Fund <b>Shareholder Fees</b><br/>(fees paid directly from your investment) <b>Annual Fund Operating Expenses</b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>Example</b> <b>Portfolio Turnover</b> Principal Investment Strategies Principal Risks Fund Performance <b>Class A Annual Total Return</b> <b>Average Annual Total Returns<br/> for the Periods Ended<br/> December 31, 2011</b> <b>Redemption</b> <b>No Redemption</b> www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx (800) 257-8787 The investment objective of the Fund is to provide long-term capital appreciation. 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 “What Share Classes We Offer” on page 37 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 39 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-70 of the Fund’s statement of additional information. The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase. Other Expenses have been restated to reflect current contractual fees. November 30, 2013 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 and that the Fund’s operating expenses are at the applicable expense limitation. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 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 The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). 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’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 33% of the average value of its portfolio. 0.33 Under normal market conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities issued by companies listed or domiciled in Japan. The Fund’s investment strategy is not designed to track the performance of any specific benchmark. 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 value of your investment in this Fund will change daily, which means you could lose money. year-to-date total return 2012-09-30 0.0093 highest 2009-06-30 0.1983 lowest 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>Equity Security Risk</b>—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>Japan Risk</b>—The Fund is exposed to additional risk because it focuses its investments in one country. Investment in the Fund is fully exposed to Japan’s economic cycles, stock market valuations and currency, which could increase its risk compared with a more geographically diversified fund. Furthermore, the natural disasters that have impacted Japan and the ongoing recovery efforts have had a negative affect on Japan’s economy, and may continue to do so. Also, changes in currency exchange rates may affect the Fund’s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities.<br /><br /><b>Smaller Company Risk</b>—Small-cap stocks involve substantial risk. Prices of small-cap stocks may be subject to more abrupt or erratic movements, and to wider fluctuations, than stock prices of larger, more established companies or the market averages in general. It may be difficult to sell small-cap stocks at the desired time and price. While mid-cap stocks may be slightly less volatile than small-cap stocks, they still involve similar risks. 2002-09-30 -0.1908 The following bar chart and table provide some indication of the potential risks of investing in the Fund. The Fund’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 Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The bar chart below shows the variability of the Fund’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. 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 below shows the variability of the Fund’s performance from year to year for Class A shares. During the three-year period ended December 31, 2011, the Fund’s highest and lowest quarterly returns were 19.42% and -15.90%, respectively, for the quarters ended June 30, 2009 and March 31, 2009. The following bar chart and table provide some indication of the potential risks of investing in the Fund. The Fund’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’s performance from year to year for Class A shares. (800) 257-8787 www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. <b>Class A Annual Total Return</b> year-to-date total return 2012-09-30 0.1337 highest 2010-09-30 0.1966 lowest 2011-09-30 -0.2116 0.2595 -0.196 The bar chart below shows the variability of the Fund’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. 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. During the five-year period ended December 31, 2011, the Fund’s highest and lowest quarterly returns were 27.13% and -15.89%, respectively, for the quarters ended June 30, 2009 and September 30, 2008. Fund performance is not included in this prospectus because the Fund has not been in existence for a full calendar year. <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenSantaBarbaraInternationalGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenSantaBarbaraInternationalGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenSantaBarbaraInternationalGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenSantaBarbaraInternationalGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenSantaBarbaraInternationalGrowthFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenSantaBarbaraInternationalGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenSantaBarbaraGlobalDividendGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenSantaBarbaraGlobalDividendGrowthFund column period compact * ~</div> 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. 2009-04-24 2009-04-24 2009-04-24 2009-04-24 2009-04-24 2009-04-24 The bar chart below shows the variability of the Fund’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. The bar chart below shows the variability of the Fund’s performance from year to year for Class A shares. The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase. Other Expenses have been restated using current fees as if they had been in effect during the previous fiscal period. Nuveen Tradewinds Small-Cap Opportunities Fund Investment Objective The investment objective of the Fund is to seek long-term capital appreciation. 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 “What Share Classes We Offer” on page 37 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 39 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-70 of the Fund’s statement of additional information. <b>Shareholder Fees </b><br/>(fees paid directly from your investment) <b>Annual Fund Operating Expenses </b><br/>(expenses that you pay each year as a percentage of the value of your investment) November 30, 2014 <b>Portfolio Turnover</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). 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’s performance. For the fiscal period September 22, 2011 through July 31, 2012, the Fund’s portfolio turnover rate was 70% of the average value of its portfolio. 0.7 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>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 and that the Fund’s operating expenses are at the applicable expense limitation. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Redemption</b> <b>No Redemption<b/> Principal Investment Strategies Under normal market conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of U.S. and non-U.S. companies with market capitalizations between $100 million and $3 billion at the time of purchase (the “80% test”). The Fund will not be required to sell securities if the percentage of its assets invested in such companies falls below 80%. However, the Fund may not purchase any securities outside of the foregoing market capitalization range unless, after such purchase, the Fund meets the 80% test. The Fund may invest up to 75% of its net assets in non-U.S. equity securities, including up to 25% of its net assets in equity securities of companies located in emerging market countries. Principal Risks 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>Equity Security Risk</b>—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>Non-U.S./Emerging Markets Risk</b>—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 the Fund’s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities.<br /><br /> <b>Small-Cap Stock Risk</b>—Small-cap stocks may involve greater risks than large-cap stocks. Prices of small-cap stocks may be subject to more abrupt or erratic movements, and to wider fluctuations, than stock prices of larger, more established companies or the market averages in general. It may be difficult to sell small-cap stocks at the desired time and price. 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 Fund performance is not included in this prospectus because the Fund has not been in existence for a full calendar year. Fund performance is not included in this prospectus because the Fund has not been in existence for a full calendar year. 0 0 0 0 0 0 0 0 15 15 0 15 0.0097 0.0097 0.0097 0.0097 0.0025 0.01 0.005 0 0.0512 0.0512 0.0512 0.0512 0.0634 0.0709 0.0659 0.0609 -0.0487 -0.0487 -0.0487 -0.0487 0.0147 0.0222 0.0172 0.0122 716 175 124 1039 569 414 1409 1015 754 2448 2254 1713 716 225 175 124 1039 721 569 414 1409 1269 1015 754 2448 2767 2254 1713 225 721 1269 2767 0 0.01 0 0 <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenTradewindsSmall-CapOpportunitiesFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenTradewindsSmall-CapOpportunitiesFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenTradewindsSmallCapOpportunitiesFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenTradewindsSmallCapOpportunitiesFund column period compact * ~</div> After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. Nuveen Winslow Large-Cap Growth Fund Investment Objective The investment objective of the Fund is to provide long-term capital appreciation. 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 “What Share Classes We Offer” on page 14 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 16 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-52 of the Fund’s statement of additional information. <b>Shareholder Fees </b><br/>(fees paid directly from your investment) <b>Annual Fund Operating Expenses </b><br/>(expenses that you pay each year as a percentage of the value of your investment) <b>Portfolio Turnover</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). 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’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 57% of the average value of its portfolio. 0.57 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>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 and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Redemption</b> <b>No Redemption</b> Principal Investment Strategies Under normal market conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of U.S. companies with market capitalizations in excess of $4 billion at the time of purchase. The Fund may invest up to 20% of its net assets in non-U.S. equity securities. Principal Risks 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>Equity Security Risk</b>—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>Investment Focus Risk</b>—Different types of stocks tend to shift in and out of favor depending on market and economic conditions. The Fund emphasizes a growth style of investing and therefore seeks companies experiencing high rates of current growth; such companies may be more volatile than other types of investments. Furthermore, because the Fund focuses its investments in large-cap stocks, the Fund may not benefit from gains in smaller cap sectors of the market.<br /><br /> <b>Non-U.S. Investment Risk</b>—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. Also, changes in currency exchange rates may affect the Fund’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’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’s performance from year to year for Class A shares. www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. <b>Class A Annual Total Return </b> The bar chart below shows the variability of the Fund’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. 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. During the two-year period ended December 31, 2011, the Fund’s highest and lowest quarterly returns were 16.22% and -15.49%, respectively, for the quarters ended September 30, 2010 and September 30, 2011. <b>Average Annual Total Returns<br/> for the Periods Ended<br/> December 31, 2011</b> 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’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. 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 0.01 0 0 0 0 0 0 0.007 0.007 0.007 0.007 0.0025 0.01 0.005 0 0.0018 0.0022 0.0027 0.0019 0.0113 0.0192 0.0147 0.0089 684 195 150 91 913 603 465 284 1161 1037 803 493 1871 2243 1757 1096 684 150 91 913 465 284 1161 803 493 1871 1757 1096 195 603 1037 2243 After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. year-to-date total return 2012-09-30 0.1474 2010-09-30 0.1622 lowest 2011-09-30 -0.1549 highest 0.1589 -0.0093 Nuveen Santa Barbara Dividend Growth Fund Investment Objective Fees and Expenses of the Fund Principal Investment Strategies Principal Risks Fund Performance 2006-03-28 2006-03-28 2009-04-24 2009-04-24 2009-04-24 2009-04-24 Nuveen Santa Barbara Long/Short Equity Fund Investment Objective The investment objective of the Fund is to seek long-term capital appreciation. 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 “What Share Classes We Offer” on page 15 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 16 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-49 of the Fund’s statement of additional information. <b>Shareholder Fees </b><br />(fees paid directly from your investment) <b>Annual Fund Operating Expenses</b><br />(expenses that you pay each year as a percentage of the value of your investment) <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 and that the Fund’s operating expenses are at the applicable expense limitation. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Portfolio Turnover</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). 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’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 67% of the average value of its portfolio. Principal Investment Strategies Under normal market conditions, the Fund invests primarily in equity securities of companies whose market capitalizations fall within the range of the largest and smallest companies in the Russell 1000 Index. The Fund takes both long and short positions in equity securities. When the Fund takes a long position, the Fund purchases a security outright. When the Fund takes a short position, it sells a security that the Fund does not own at the current market price and delivers to the buyer a security that the Fund has borrowed. The Fund may use all or a portion of the cash proceeds from short positions to take additional long positions. In addition, the Fund may borrow up to 20% of its net assets and invest the proceeds in additional long positions. The Fund’s net “long” market exposure will vary between 50% and 150% of the Fund’s net assets, depending on the mix of the Fund’s long and short positions. <br /><br />When selecting the Fund’s short positions, the Fund’s sub-adviser employs an active, fundamental approach utilizing three short-selling strategies: business risk hedging; competitive arbitrage; and declining growth prospects. Business risk hedging is used to exploit situations where a long position’s business model contains identifiable risk that can be mitigated through a short position. Competitive arbitrage consists of matching a long position with a short position in two stocks of the same sector or industry, creating a hedge against the sector and the overall market. Declining growth prospects are those companies identified by the Fund’s sub-adviser as having reached the mature phase of growth and that are therefore likely to underperform the overall market going forward. The Fund’s sub-adviser expects to allocate the Fund’s short positions proportionally among these three strategies. <br /><br />The Fund invests primarily in U.S. equity securities, but it may invest up to 25% of its net assets in non-U.S. equity securities. Principal Risks 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>Borrowing Risk</b>—The Fund may borrow and use the proceeds to purchase portfolio securities. Borrowing may exaggerate changes in the net asset value of the Fund’s shares. When the Fund borrows money, it must pay interest and other fees, which will reduce the Fund’s returns if such costs exceed the returns on the portfolio securities purchased with such borrowings.<br /><br /><b>Equity Security Risk</b>—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>Non-U.S. Investment Risk</b>—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. Also, changes in currency exchange rates may affect the Fund’s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities.<br /><br /><b>Short Sales Risk</b>—Short sales involve the sale of a security the Fund has borrowed, with the expectation that the security will underperform the market. Short sales expose the Fund to the risk that it will be required to buy the security sold short (also known as “covering” the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Fund. Although the gain is limited by the price at which the security was sold short, the loss is potentially unlimited. Short selling is considered “leverage” and may magnify gains or losses for the Fund.<br /><br /><b>Smaller Company Risk</b>—Small-cap stocks involve substantial risk. Prices of small-cap stocks may be subject to more abrupt or erratic movements, and to wider fluctuations, than stock prices of larger, more established companies or the market averages in general. It may be difficult to sell small-cap stocks at the desired time and price. While mid-cap stocks may be slightly less volatile than small-cap stocks, they still involve similar risks. Fund Performance The following bar chart and table provide some indication of the potential risks of investing in the Fund. The Fund’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> During the three-year period ended December 31, 2011, the Fund’s highest and lowest quarterly returns were 16.68% and -17.82%, respectively, for the quarters ended June 30, 2009 and September 30, 2011. The table below shows the variability of the Fund’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. 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<br/>December 31, 2011</b> November 30, 2014 0.67 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 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 bar chart below shows the variability of the Fund’s performance from year to year for Class A shares. (800) 257-8787 www.nuveen.com/MutualFunds/PricingPerformance/Performance.aspx The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 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. 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. 0.0575 0 0 0 0.01 0 0 0 0 0 0 0 15 15 15 0.0098 0.0098 0.0098 0.0025 0.01 0 0.007 0.007 0.0058 0.0013 0.0013 0.0013 0.0519 0.0519 0.0599 0.0602 0.0602 0.067 0.0725 0.08 0.0768 -0.0494 -0.0494 -0.0576 0.0231 0.0306 0.0192 Nuveen Tradewinds International Value Fund <b>Redemption</b> <b>No Redemption</b> 796 309 195 1290 981 640 1844 1713 1150 3346 3646 2549 796 309 195 1290 981 640 1844 1713 1150 3346 3646 2549 After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. 0.2009 0.1112 -0.0476 -0.1023 -0.1124 -0.0604 -0.0547 -0.0455 0.0264 -0.034 0.07 0.0655 0.0587 0.0831 0.0939 0.1853 0.0901 2008-12-30 2008-12-30 2008-12-30 2008-12-30 2008-12-30 2008-12-30 2008-12-30 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase. Other Expenses have been restated using current fees as if they had been in effect during the previous fiscal period. Other Expenses have been restated to reflect current contractual fees. The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase. After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. year-to-date total return 2012-09-30 0.1301 highest 2009-06-30 0.1668 lowest 2011-09-30 -0.1782 <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenSantaBarbaraLong/ShortEquityFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenSantaBarbaraLong/ShortEquityFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenSantaBarbaraLongShortEquityFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenSantaBarbaraLongShortEquityFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenSantaBarbaraLong/ShortEquityFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenSantaBarbaraLong/ShortEquityFund column period compact * ~</div> Nuveen Tradewinds Japan Fund After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenSantaBarbaraGrowthFund column period compact * ~</div> The table below shows the variability of the Fund’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. 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. 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/ScheduleAnnualTotalReturnsNuveenSantaBarbaraGrowthFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenSantaBarbaraInternationalDividendGrowthFund column period compact * ~</div> 0.0575 0 0 <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenSantaBarbaraInternationalDividendGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenSantaBarbaraGrowthFund column period compact * ~</div> 0 0.01 0 0 0 0 0 0 0 15 15 15 <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenSantaBarbaraInternationalDividendGrowthFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenSantaBarbaraInternationalDividendGrowthFund column period compact * ~</div> 0.0088 0.0088 0.0088 0.0025 0.01 0 0.0133 0.012 0.0124 0.0246 0.0308 0.0212 The table below shows the variability of the Fund’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. Class R3 shares commenced operations on March 3, 2009. The 5 years and since inception returns for Class R3 shares shown below reflect Class I performance prior to March 3, 2009 adjusted for the difference in fees between the classes. 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. -0.0098 -0.0085 -0.0089 0.0148 0.0223 0.0123 717 226 125 1066 749 443 1438 1298 784 2479 2797 1747 <b>Average Annual Total Returns<br/> for the Periods Ended<br/> December 31, 2011</b> 717 226 125 1066 749 443 1438 1298 784 2479 2797 1747 -0.1557 -0.1626 -0.1009 -0.1106 Nuveen Santa Barbara International Dividend Growth Fund -0.1016 -0.1433 -0.0981 Investment Objective The investment objective of the Fund is to seek an attractive total return comprised of income from dividends and long-term capital appreciation. Fees and Expenses of the Fund 0.0004 0.0023 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 “What Share Classes We Offer” on page 14 of the Fund’s prospectus, “How to Reduce Your Sales Charge” on page 16 of the prospectus and “Purchase and Redemption of Fund Shares” on page S-49 of the Fund’s statement of additional information. 0.0058 0.0182 0.0285 0.0165 0.0441 0.0575 0 0 0 0 0.01 0 0 0 0 0 0 0 0 0 0 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) 0.0082 0.0082 0.0082 0.0082 0 0.005 0.01 0.0025 0.0306 0.0306 0.0306 0.0306 0.0413 0.0488 0.0438 0.0388 -0.027 -0.027 -0.027 -0.027 0.0143 0.0218 0.0168 0.0118 -0.0359 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase. 2008-12-29 2008-12-29 2008-12-29 2008-12-29 2008-12-29 2008-12-29 2008-12-29 Other Expenses have been restated using current fees as if they had been in effect during the previous fiscal period. November 30, 2014 <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 and that the Fund’s operating expenses remain the same, and the contractual fee waivers currently in place are not renewed beyond November 30, 2014. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenTradewindsJapanFund column period compact * ~</div> 712 221 171 120 1274 965 816 666 2123 1999 1763 1521 4313 4596 4182 3744 <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenTradewindsJapanFund column period compact * ~</div> 0.1356 -0.2651 0.488 0.2338 -0.0961 712 221 171 120 1274 965 816 666 2123 1999 1763 1521 4313 4596 4182 3744 <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenTradewindsJapanFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenTradewindsJapanFund column period compact * ~</div> <b>Portfolio Turnover</b> -0.0066 0.176 The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). 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’s performance. For the fiscal period June 11, 2012 through July 31, 2012, the Fund’s portfolio turnover rate was 2% of the average value of its portfolio. -0.1041 0.02 Principal Investment Strategies Under normal market conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in dividend-paying equity securities, which include preferred securities. Under normal market conditions, the Fund invests at least 80% of its net assets in non-U.S. securities. Although the Fund will concentrate its investments in developed markets, it may invest up to 10% of its net assets in companies located in emerging market countries. The Fund may invest in small-, mid- and large-cap companies. Principal Risks <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenTradewindsJapanFundBarChart 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. The principal risks of investing in the Fund include:<br /><br /><b>Dividend Tax Rate Risk</b>—The current 15% maximum tax rate that applies to certain qualifying dividends does not apply to tax years beginning after December 31, 2012. Unless legislation extending this preferential rate is enacted, the tax rate on qualifying dividends will generally increase to a taxpayer’s normal tax rate on ordinary income beginning in 2013, which would decrease after-tax returns.<br /><br /><b>Equity Security Risk</b>—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>Investment Focus Risk</b>—Different types of stocks tend to shift in and out of favor depending on market and economic conditions. The Fund emphasizes a growth style of investing and therefore seeks companies experiencing high rates of current growth; such companies may be more volatile than other types of investments.<br /><br /><b>Mid-Cap Stock Risk</b>—Stocks of mid-cap companies may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general.<br /><br /><b>Non-U.S./Emerging Markets Risk</b>—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 the Fund’s net asset value, the value of dividends and interest earned, and gains and losses realized on the sale of securities.<br /><br /><b>Preferred Security Risk</b>—Preferred securities are subordinated to bonds and other debt instruments in a company’s capital structure and therefore will be subject to greater credit risk than those debt instruments.<br /><br /><b>Sector Risk</b>—Given the Fund’s focus on dividend-paying securities, the Fund may, from time to time, have a greater exposure to higher dividend-yield sectors and industries than the broad equity market. This policy may expose the Fund to additional risk. year-to-date total return 2012-09-30 -0.0259 highest 2009-06-30 0.1942 2009-03-31 -0.159 lowest <b>Redemption</b> <b>No Redemption</b> 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. <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenTradewindsJapanFund column period compact * ~</div> Fund Performance Fund performance is not included in this prospectus because the Fund has not been in existence for a full calendar year. Fund performance is not included in this prospectus because the Fund has not been in existence for a full calendar year. 0.0575 0 0 0 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 value of your investment in this Fund will change daily, which means you could lose money. 0 0 0 0 <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenSantaBarbaraGrowthFund column period compact * ~</div> 15 15 0 15 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. <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenSantaBarbaraGrowthFund column period compact * ~</div> After-tax returns are shown for Class A shares only; after-tax returns for other share classes will vary. <b>Redemption</b> <b>No Redemption</b> <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenSantaBarbaraGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenSantaBarbaraInternationalDividendGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenTradewindsGlobalAll-CapFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenTradewindsGlobalAll-CapFund column period compact * ~</div> <b>Shareholder Fees </b><br />(fees paid directly from your investment) <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenTradewindsGlobalAllCapFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenTradewindsGlobalAllCapFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenTradewindsGlobalAll-CapFundBarChart column period compact * ~</div> Other Expenses have been restated to reflect current contractual fees. 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 <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenSantaBarbaraInternationalDividendGrowthFund column period compact * ~</div> After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. 50000 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase. Other Expenses have been restated to reflect current contractual fees. <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenTradewindsGlobalAllCapFund column period compact * ~</div> -0.148 -0.1664 -0.0925 -0.1361 -0.1028 -0.0987 -0.094 -0.0735 -0.0897 0.0547 0.0409 0.0403 0.0577 0.0594 0.0643 0.0697 -0.0193 -0.0099 0.0768 0.0641 0.0604 0.0785 0.0799 0.0849 0.0904 0.0055 0.0162 2006-03-28 2006-03-28 2006-03-28 2006-03-28 2006-03-28 2006-03-28 2006-03-28 2006-03-28 2006-03-28 -0.0662 -0.0662 -0.0431 -0.0168 -0.012 0.0264 -0.0066 -0.0191 0.1421 0.1413 0.1222 0.1591 0.1649 0.1708 0.1859 0.1548 2009-05-15 2009-05-15 2009-05-15 2009-05-15 2009-05-15 2009-05-15 2009-05-15 2009-05-15 <div style="display:none">~ http://www.nuveen.com/role/ScheduleShareholderFeesNuveenWinslowLargeCapGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualFundOperatingExpensesNuveenWinslowLargeCapGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNuveenWinslowLargeCapGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleExpenseExampleNoRedemptionNuveenWinslowLargeCapGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAnnualTotalReturnsNuveenWinslowLargeCapGrowthFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.nuveen.com/role/ScheduleAverageAnnualTotalReturnsTransposedNuveenWinslowLarge-CapGrowthFund column period compact * ~</div> 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. (800) 257-8787 year-to-date total return 2012-09-30 -0.0266 highest 2009-06-30 0.2713 lowest 2008-09-30 -0.1589 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase. November 30, 2013 After-tax returns are not relevant to investors who hold Fund shares in tax-deferred accounts such as IRAs or employer-sponsored retirement plans. Other Expenses have been restated to reflect current contractual fees. The bar chart below shows the variability of the Fund'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 Fund changed its primary benchmark from the MCSI All Country World Index to the S&P Global Natural Resources Index. The S&P Global Natural Resources Index did not exist at inception of the Fund and Nuveen Fund Advisors, Inc. believes that the S&P Global Natural Resources Index is reflective of the Fund’s strategy and provides an appropriate performance comparison for shareholders. The bar chart below shows the variability of the Fund’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. November 30, 2014 0.0575 0 0 0 The bar chart below shows the variability of the Fund’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. The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase. 0.0575 0 0 0 0 0.05 0.01 0 0 0 0 0 0 The contingent deferred sales charge 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). The Fund's investment adviser has agreed to waive fees and/or reimburse expenses through November 30, 2013 so that Total Annual Fund Operating Expenses (excluding 12b-1 distribution and/or service fees, interest expenses, taxes, acquired fund fees and expenses, fees incurred in acquiring and disposing of portfolio securities and extraordinary expenses) do not exceed 1.20% (1.45% after November 30, 2013) of the average daily net assets of any class of Fund shares. The expense limitation expiring November 30, 2013 may be terminated or modified prior to that date only with the approval of the Board of Trustees of the Fund. The expense limitation in effect thereafter may be terminated or modified only with the approval of shareholders of the Fund. Class A year-to-date total return as of September 30, 2012 was 12.64%. 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. Other Expenses have been restated to reflect current contractual fees. The Fund's investment adviser has agreed to waive fees and/or reimburse expenses through November 30, 2013 so that Total Annual Fund Operating Expenses (excluding 12b-1 distribution and/or service fees, interest expenses, taxes, acquired fund fees and expenses, fees incurred in acquiring and disposing of portfolio securities and extraordinary expenses) do not exceed 1.60% (1.85% after November 30, 2013) of the average daily net assets of any class of Fund shares. The expense limitation expiring November 30, 2013 may be terminated or modified prior to that date only with the approval of the Board of Trustees of the Fund. The expense limitation in effect thereafter may be terminated or modified only with the approval of shareholders of the Fund. Other Expenses have been restated using current fees as if they had been in effect during the previous fiscal period. The Fund's investment adviser has agreed to waive fees and/or reimburse expenses through November 30, 2014 so that Total Annual Fund Operating Expenses (excluding 12b-1 distribution and/or service fees, interest expenses, taxes, acquired fund fees and expenses, fees incurred in acquiring and disposing of portfolio securities and extraordinary expenses) do not exceed 1.20% of the average daily net assets of any class of Fund shares. The expense limitation expiring November 30, 2014 may be terminated or modified prior to that date only with the approval of the Board of Trustees of the Fund. Class A year-to-date total return as of September 30, 2012 was -7.26%. Class A year-to-date total return as of September 30, 2012 was 10.11%.