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Tagged Note 1 - us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock--> <!-- xbrl,ns --> <!-- xbrl,nx --> <font style="font-family:times new roman" size="2"><b></b></font> <font style="font-family:times new roman" size="2"><b></b></font> <font style="font-family:times new roman" size="2"> <b></b></font> <font style="font-family:times new roman" size="2"><b></b></font> <p style="margin-top:14px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>1. Organization </b></font></p> <p style="margin-top:6px;margin-bottom:0px; text-indent:4%"><font style="font-family:times new roman" size="2">The Nuveen Diversified Commodity Fund (the &#8220;Fund&#8221;) was organized as a Delaware statutory trust on December&#160;7, 2005, to operate as a commodity pool. Nuveen Commodities Asset Management, LLC, the Fund&#8217;s manager (&#8220;NCAM&#8221; or the &#8220;Manager&#8221;), a wholly-owned subsidiary of Nuveen Investments, Inc. (&#8220;Nuveen&#8221;), is a Delaware limited liability company registered as a commodity pool operator and commodity trading advisor with the Commodity Futures Trading Commission (the &#8220;CFTC&#8221;) and is a member of the National Futures Association (the &#8220;NFA&#8221;). The Fund commenced operations on September&#160;27, 2010, with its initial public offering. The Fund operates pursuant to a Second Amended and Restated Trust Agreement dated as of March&#160;30, 2012 (&#8220;Trust Agreement&#8221;). The Fund&#8217;s shares represent units of fractional undivided beneficial interest in, and ownership of, the Fund. The Fund&#8217;s shares trade on the NYSE MKT (formerly known as NYSE Amex) under the ticker symbol &#8220;CFD.&#8221; The Fund is not a mutual fund, a closed-end fund, or any other type of &#8220;investment company&#8221; within the meaning of the Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;), and is not subject to regulation thereunder. </font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"><font style="font-family:times new roman" size="2">The Manager has selected Gresham Investment Management LLC (&#8220;Gresham&#8221; or the &#8220;Commodity Sub-advisor&#8221;) to manage the Fund&#8217;s commodity investment strategy and its options strategy. Gresham is a Delaware limited liability company, the successor to Gresham Investment Management, Inc., formed in July 1992. 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