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Jun. 30, 2016

NUVEEN CORE BOND FUND

NUVEEN CORE PLUS BOND FUND

NUVEEN INFLATION PROTECTED SECURITIES FUND

NUVEEN INTERMEDIATE GOVERNMENT BOND FUND

NUVEEN SHORT TERM BOND FUND

NUVEEN STRATEGIC INCOME FUND

SUPPLEMENT DATED JUNE 30, 2016

TO THE PROSPECTUS DATED OCTOBER 30, 2015

 

1. The section “Fund Summaries—Nuveen Core Bond Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A      Class C      Class R63      Class I  
Management Fees
     0.42%         0.42%         0.42%         0.42%   
Distribution and/or Service (12b-1) Fees
     0.25%         1.00%         0.00%         0.00%   
Other Expenses
     0.18%         0.19%         0.14%         0.17%   
Total Annual Fund Operating Expenses
     0.85%         1.61%         0.56%         0.59%   
Fee Waivers and/or Expense Reimbursements4
     (0.07)%         (0.08)%         (0.08)%         (0.06)%   
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
     0.78%         1.53%         0.48%         0.53%   
  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Class R6 represents annualized actual expenses for the period January 20, 2015 (commencement of operations) through June 30, 2015.
  4 The Fund’s investment adviser has agreed to waive fees and/or reimburse other Fund expenses through October 31, 2017 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 0.53% of the average daily net assets of any class of Fund shares. However, because Class R6 shares are not subject to sub-transfer agent and similar fees, the Total Annual Fund Operating Expenses for the Class R6 shares will be less than the expense limitation. Fee waivers and/or expense reimbursements will not be terminated prior to that time without the approval of the Board of Directors of the Fund.

 

2. The section “Fund Summaries—Nuveen Core Bond Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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 that the contractual fee waivers currently in place are not renewed beyond October 31, 2017. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     Redemption    No Redemption
      A      C      R6      I            A      C      R6      I        
1 Year
   $ 377       $ 156       $ 49       $ 54          $ 377       $ 156       $ 49       $ 54      
3 Years
   $ 554       $ 498       $ 169       $ 181          $ 554       $ 498       $ 169       $ 181      
5 Years
   $ 748       $ 866       $ 302       $ 321          $ 748       $ 866       $ 302       $ 321      
10 Years
   $ 1,309       $ 1,902       $ 691       $ 730            $ 1,309       $ 1,902       $ 691       $ 730        

3. The section “Fund Summaries—Nuveen Core Plus Bond Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A      Class C      Class R3      Class R63      Class I  
Management Fees
     0.44%         0.44%         0.44%         0.44%         0.44%   
Distribution and/or Service (12b-1) Fees
     0.25%         1.00%         0.50%         0.00%         0.00%   
Other Expenses
     0.16%         0.16%         0.16%         0.10%         0.16%   
Total Annual Fund Operating Expenses
     0.85%         1.60%         1.10%         0.54%         0.60%   
Fee Waivers and/or Expense Reimbursements4
     (0.08)%         (0.08)%         (0.08)%         (0.08)%         (0.08)%   
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
     0.77%         1.52%         1.02%         0.46%         0.52%   
  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Class R6 represents annualized actual expenses for the period January 20, 2015 (commencement of operations) through June 30, 2015.
  4 The Fund’s investment adviser has agreed to waive fees and/or reimburse other Fund expenses through October 31, 2017 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 0.52% of the average daily net assets of any class of Fund shares. However, because Class R6 shares are not subject to sub-transfer agent and similar fees, the Total Annual Fund Operating Expenses for the Class R6 shares will be less than the expense limitation. Fee waivers and/or expense reimbursements will not be terminated prior to that time without the approval of the Board of Directors of the Fund.

 

4. The section “Fund Summaries—Nuveen Core Bond Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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 that the contractual fee waivers currently in place are not renewed beyond October 31, 2017. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     Redemption            No Redemption  
      A      C      R3      R6      I            A      C      R3      R6      I  
1 Year
   $ 500       $ 155       $ 104       $ 47       $ 53          $ 500       $ 155       $ 104       $ 47       $ 53   
3 Years
   $ 674       $ 494       $ 339       $ 162       $ 181          $ 674       $ 494       $ 339       $ 162       $ 181   
5 Years
   $ 866       $ 861       $ 596       $ 291       $ 324          $ 866       $ 861       $ 596       $ 291       $ 324   
10 Years
   $ 1,420       $ 1,891       $ 1,331       $ 667       $ 740            $ 1,420       $ 1,891       $ 1,331       $ 667       $ 740   

5. The section “Fund Summaries—Nuveen Inflation Protected Securities Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A      Class C      Class R3      Class R63      Class I  
Management Fees
     0.42%         0.42%         0.42%         0.42%         0.42%   
Distribution and/or Service (12b-1) Fees
     0.25%         1.00%         0.50%         0.00%         0.00%   
Other Expenses
     0.25%         0.24%         0.23%         0.10%         0.24%   
Total Annual Fund Operating Expenses
     0.92%         1.66%         1.15%         0.52%         0.66%   
Fee Waivers and/or Expense Reimbursements4,5
     (0.13)%         (0.12)%         (0.11)%         (0.15)%         (0.12)%   
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
     0.79%         1.54%         1.04%         0.37%         0.54%   

 

  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Class R6 represents annualized actual expenses for the period January 20, 2015 (commencement of operations) through June 30, 2015.
  4 Fee Waivers and/or Expense Reimbursements have been restated to reflect current contractual fees.
  5 The Fund’s investment adviser has agreed to waive fees and/or reimburse other Fund expenses through October 31, 2017 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 0.56% of the average daily net assets of any class of Fund shares. However, because Class R6 shares are not subject to sub-transfer agent and similar fees, the Total Annual Fund Operating Expenses for the Class R6 shares will be less than the expense limitation. Fee waivers and/or expense reimbursements will not be terminated prior to that time without the approval of the Board of Directors of the Fund.

 

6. The section “Fund Summaries—Nuveen Inflation Protected Securities Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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 that the contractual fee waivers currently in place are not renewed beyond October 31, 2017. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     Redemption            No Redemption  
      A      C      R3      R6      I            A      C      R3      R6      I  
1 Year
   $ 502       $ 157       $ 106       $ 38       $ 55          $ 502       $ 157       $ 106       $ 38       $ 55   
3 Years
   $ 689       $ 508       $ 351       $ 146       $ 195          $ 689       $ 508       $ 351       $ 146       $ 195   
5 Years
   $ 896       $ 887       $ 619       $ 271       $ 352          $ 896       $ 887       $ 619       $ 271       $ 352   
10 Years
   $ 1,493       $ 1,952       $ 1,384       $ 633       $ 807            $ 1,493       $ 1,952       $ 1,384       $ 633       $ 807   

7. The section “Fund Summaries—Nuveen Intermediate Government Bond Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A      Class C      Class R3      Class I  
Management Fees3
     0.45%         0.45%         0.45%         0.45%   
Distribution and/or Service (12b-1) Fees
     0.25%         1.00%         0.50%         0.00%   
Other Expenses
     0.30%         0.30%         0.30%         0.30%   
Total Annual Fund Operating Expenses
     1.00%         1.75%         1.25%         0.75%   
Fee Waivers and/or Expense Reimbursements3,4
     (0.21)%         (0.21)%         (0.21)%         (0.21)%   
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
     0.79%         1.54%         1.04%         0.54%   

 

  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Management Fees and Fee Waivers and/or Expense Reimbursements have been restated to reflect current contractual fees.
  4 The Fund’s investment adviser has agreed to waive fees and/or reimburse other Fund expenses through October 31, 2017 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 0.54% of the average daily net assets of any class of Fund shares. Fee waivers and/or expense reimbursements will not be terminated prior to that time without the approval of the Board of Directors of the Fund.

 

8. The section “Fund Summaries—Nuveen Intermediate Government Bond Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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 that the contractual fee waivers currently in place are not renewed beyond October 31, 2017. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     Redemption            No Redemption  
      A      C      R3      I            A      C      R3      I  
1 Year
   $ 378       $ 157       $ 106       $ 55          $ 378       $ 157       $ 106       $ 55   
3 Years
   $ 582       $ 524       $ 369       $ 211          $ 582       $ 524       $ 369       $ 211   
5 Years
   $ 809       $ 923       $ 659       $ 389          $ 809       $ 923       $ 659       $ 389   
10 Years
   $ 1,463       $ 2,039       $ 1,486       $ 904            $ 1,463       $ 2,039       $ 1,486       $ 904   

9. The section “Fund Summaries—Nuveen Short Term Bond Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A      Class C      Class R3      Class R63      Class I  
Management Fees
     0.38%         0.38%         0.38%         0.38%         0.38%   
Distribution and/or Service (12b-1) Fees
     0.25%         1.00%         0.50%         0.00%         0.00%   
Other Expenses
     0.10%         0.10%         0.10%         0.08%         0.10%   
Total Annual Fund Operating Expenses
     0.73%         1.48%         0.98%         0.46%         0.48%   
Fee Waivers and/or Expense Reimbursements4
     (0.02)%         (0.02)%         (0.02)%         (0.03)%         (0.02)%   
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
     0.71%         1.46%         0.96%         0.43%         0.46%   
  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Class R6 represents annualized actual expenses for the period January 20, 2015 (commencement of operations) through June 30, 2015.
  4 The Fund’s investment adviser has agreed to waive fees and/or reimburse other Fund expenses through October 31, 2017 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 0.47% of the average daily net assets of any class of Fund shares. However, because Class R6 shares are not subject to sub-transfer agent and similar fees, the Total Annual Fund Operating Expenses for the Class R6 shares will be less than the expense limitation. Fee waivers and/or expense reimbursements will not be terminated prior to that time without the approval of the Board of Directors of the Fund.

 

10. The section “Fund Summaries—Nuveen Short Term Bond Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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 that the contractual fee waivers currently in place are not renewed beyond October 31, 2017. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     Redemption            No Redemption  
      A      C      R3      R6      I            A      C      R3      R6      I  
1 Year
   $ 296       $ 149       $ 98       $ 44       $ 47          $ 296       $ 149       $ 98       $ 44       $ 47   
3 Years
   $ 450       $ 465       $ 309       $ 144       $ 151          $ 450       $ 465       $ 309       $ 144       $ 151   
5 Years
   $ 619       $ 805       $ 539       $ 254       $ 266          $ 619       $ 805       $ 539       $ 254       $ 266   
10 Years
   $ 1,109       $ 1,766       $ 1,199       $ 575       $ 601            $ 1,109       $ 1,766       $ 1,199       $ 575       $ 601   

11. The section “Fund Summaries—Nuveen Strategic Income Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A      Class C      Class R3      Class R63      Class I  
Management Fees
     0.51%         0.51%         0.51%         0.51%         0.51%   
Distribution and/or Service (12b-1) Fees
     0.25%         1.00%         0.50%         0.00%         0.00%   
Other Expenses
     0.16%         0.16%         0.16%         0.10%         0.16%   
Total Annual Fund Operating Expenses
     0.92%         1.67%         1.17%         0.61%         0.67%   
Fee Waivers and/or Expense Reimbursements4
     (0.10)%         (0.10)%         (0.10)%         (0.11)%         (0.10)%   
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
     0.82%         1.57%         1.07%         0.50%         0.57%   
  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Class R6 represents annualized actual expenses for the period January 20, 2015 (commencement of operations) through June 30, 2015.
  4 The Fund’s investment adviser has agreed to waive fees and/or reimburse other Fund expenses through October 31, 2017 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 0.59% of the average daily net assets of any class of Fund shares. However, because Class R6 shares are not subject to sub-transfer agent and similar fees, the Total Annual Fund Operating Expenses for the Class R6 shares will be less than the expense limitation. Fee waivers and/or expense reimbursements will not be terminated prior to that time without the approval of the Board of Directors of the Fund.

 

12. The section “Fund Summaries—Nuveen Strategic Income Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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 that the contractual fee waivers currently in place are not renewed beyond October 31, 2017. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     Redemption            No Redemption  
      A      C      R3      R6      I            A      C      R3      R6      I  
1 Year
   $ 505       $ 160       $ 109       $ 51       $ 58          $ 505       $ 160       $ 109       $ 51       $ 58   
3 Years
   $ 693       $ 513       $ 358       $ 180       $ 201          $ 693       $ 513       $ 358       $ 180       $ 201   
5 Years
   $ 900       $ 895       $ 631       $ 326       $ 360          $ 900       $ 895       $ 631       $ 326       $ 360   
10 Years
   $ 1,496       $ 1,965       $ 1,408       $ 748       $ 822            $ 1,496       $ 1,965       $ 1,408       $ 748       $ 822   

NUVEEN DIVIDEND VALUE FUND

NUVEEN EQUITY INDEX FUND

NUVEEN LARGE CAP GROWTH OPPORTUNITIES FUND

NUVEEN LARGE CAP SELECT FUND

NUVEEN MID CAP GROWTH OPPORTUNITIES FUND

NUVEEN MID CAP INDEX FUND

NUVEEN MID CAP VALUE FUND

NUVEEN SMALL CAP INDEX FUND

NUVEEN SMALL CAP SELECT FUND

SUPPLEMENT DATED JUNE 30, 2016

TO THE PROSPECTUS DATED FEBRUARY 29, 2016

 

1. The section “Fund Summaries—Nuveen Dividend Value Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A     Class C     Class R3     Class R6     Class I  
Management Fees3
     0.65     0.65     0.65     0.65     0.65%   
Distribution and/or Service (12b-1) Fees
     0.25     1.00     0.50     0.00     0.00%   
Other Expenses3
     0.14     0.14     0.14     0.05     0.14%   
Total Annual Fund Operating Expenses
     1.04     1.79     1.29     0.70     0.79%   

 

  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Management Fees and Other Expenses have been restated to reflect current contractual fees.

 

2. The section “Fund Summaries—Nuveen Dividend Value Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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:

 

     Redemption            No Redemption  
      A      C      R3      R6      I            A      C      R3      R6      I  
1 Year
   $ 675       $ 182       $ 131       $ 72       $ 81          $ 675       $ 182       $ 131       $ 72       $ 81   
3 Years
   $ 887       $ 563       $ 409       $ 224       $ 252          $ 887       $ 563       $ 409       $ 224       $ 252   
5 Years
   $ 1,116       $ 970       $ 708       $ 390       $ 439          $ 1,116       $ 970       $ 708       $ 390       $ 439   
10 Years
   $ 1,773       $ 2,105       $ 1,556       $ 871       $ 978            $ 1,773       $ 2,105       $ 1,556       $ 871       $ 978   

3. The section “Fund Summaries—Nuveen Equity Index Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A      Class C      Class R3      Class I  
Management Fees
     0.27%         0.27%         0.27%         0.27%   
Distribution and/or Service (12b-1) Fees
     0.25%         1.00%         0.50%         0.00%   
Other Expenses3
     0.19%         0.19%         0.19%         0.19%   
Total Annual Fund Operating Expenses
     0.71%         1.46%         0.96%         0.46%   
Fee Waivers and/or Expense Reimbursements3,4
     (0.12)%         (0.12)%         (0.12)%         (0.12)%   
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
     0.59%         1.34%         0.84%         0.34%   

 

  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Other Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current contractual fees.
  4 The Fund’s investment adviser has agreed to waive fees and/or reimburse other Fund expenses through February 28, 2018 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 0.34% of the average daily net assets of any class of Fund shares. Fee waivers and/or expense reimbursements will not be terminated prior to that time without the approval of the Board of Directors of the Fund.

 

4. The section “Fund Summaries—Nuveen Equity Index Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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 that the contractual fee waivers currently in place are not renewed beyond February 28, 2018. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     Redemption            No Redemption  
      A      C      R3      I            A      C      R3      I  
1 Year
   $ 60       $ 136       $ 86       $ 35          $ 60       $ 136       $ 86       $ 35   
3 Years
   $ 207       $ 442       $ 286       $ 127          $ 207       $ 442       $ 286       $ 127   
5 Years
   $ 375       $ 778       $ 511       $ 237          $ 375       $ 778       $ 511       $ 237   
10 Years
   $ 863       $ 1,729       $ 1,159       $ 559            $ 863       $ 1,729       $ 1,159       $ 559   

5. The section “Fund Summaries—Nuveen Large Cap Growth Opportunities Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A      Class C      Class R3      Class R6      Class I  
Management Fees3
     0.68%         0.68%         0.68%         0.68%         0.68%   
Distribution and/or Service (12b-1) Fees
     0.25%         1.00%         0.50%         0.00%         0.00%   
Other Expenses3
     0.16%         0.16%         0.16%         0.07%         0.16%   
Total Annual Fund Operating Expenses
     1.09%         1.84%         1.34%         0.75%         0.84%   

 

  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Management Fees and Other Expenses have been restated to reflect current contractual fees.

 

6. The section “Fund Summaries—Nuveen Large Cap Growth Opportunities Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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:

 

     Redemption            No Redemption  
      A      C      R3      R6      I            A      C      R3      R6      I  
1 Year
   $ 680       $ 187       $ 136       $ 77       $ 86          $ 680       $ 187       $ 136       $ 77       $ 86   
3 Years
   $ 902       $ 579       $ 425       $ 240       $ 268          $ 902       $ 579       $ 425       $ 240       $ 268   
5 Years
   $ 1,141       $ 995       $ 734       $ 417       $ 466          $ 1,141       $ 995       $ 734       $ 417       $ 466   
10 Years
   $ 1,827       $ 2,159       $ 1,613       $ 930       $ 1,037            $ 1,827       $ 2,159       $ 1,613       $ 930       $ 1,037   

7. The section “Fund Summaries—Nuveen Large Cap Select Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A      Class C      Class I  
Management Fees3
     0.70%         0.70%         0.70%   
Distribution and/or Service (12b-1) Fees
     0.25%         1.00%         0.00%   
Other Expenses3
     0.23%         0.23%         0.23%   
Total Annual Fund Operating Expenses
     1.18%         1.93%         0.93%   
Fee Waivers and/or Expense Reimbursements3,4
     (0.04)%         (0.04)%         (0.04)%   
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
     1.14%         1.89%         0.89%   

 

  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Management Fees, Other Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current contractual fees.
  4 The Fund’s investment adviser has agreed to waive fees and/or reimburse other Fund expenses through February 28, 2018 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 0.89% of the average daily net assets of any class of Fund shares. The expense limitation may be terminated or modified prior to that date only with the approval of the Board of Trustees of the Fund.

 

8. The section “Fund Summaries—Nuveen Large Cap Select Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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 that the contractual fee waivers currently in place are not renewed beyond February 28, 2018. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     Redemption    No Redemption  
      A      C      I            A      C      I  
1 Year
   $ 685       $ 192       $ 91          $ 685       $ 192       $ 91   
3 Years
   $ 922       $ 600       $ 290          $ 922       $ 600       $ 290   
5 Years
   $ 1,181       $ 1,036       $ 508          $ 1,181       $ 1,036       $ 508   
10 Years
   $ 1,919       $ 2,248       $ 1,137            $ 1,919       $ 2,248       $ 1,137   

9. The section “Fund Summaries—Nuveen Mid Cap Growth Opportunities Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A      Class C      Class R3      Class R6      Class I  
Management Fees3
     0.76%         0.76%         0.76%         0.76%         0.76%   
Distribution and/or Service (12b-1) Fees
     0.25%         1.00%         0.50%         0.00%         0.00%   
Other Expenses3
     0.18%         0.18%         0.18%         0.05%         0.18%   
Total Annual Fund Operating Expenses
     1.19%         1.94%         1.44%         0.81%         0.94%   
Fee Waivers and/or Expense Reimbursements4
     (0.03)%         (0.03)%         (0.03)%         (0.03)%         (0.03)%   
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
     1.16%         1.91%         1.41%         0.78%         0.91%   

 

  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Management Fees and Other Expenses have been restated to reflect current contractual fees.
  4 The Fund’s investment adviser has agreed to waive fees and/or reimburse other Fund expenses through February 28, 2018 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 0.92% of the average daily net assets of any class of Fund shares. The expense limitation may be terminated or modified prior to that date only with the approval of the Board of Trustees of the Fund.

 

10. The section “Fund Summaries—Nuveen Mid Cap Growth Opportunities Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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 that the contractual fee waivers currently in place are not renewed beyond February 28, 2018. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     Redemption            No Redemption  
      A      C      R3      R6      I            A      C      R3      R6      I  
1 Year
   $ 686       $ 194       $ 144       $ 80       $ 93          $ 686       $ 194       $ 144       $ 80       $ 93   
3 Years
   $ 926       $ 604       $ 451       $ 254       $ 294          $ 926       $ 604       $ 451       $ 254       $ 294   
5 Years
   $ 1,187       $ 1,042       $ 782       $ 445       $ 515          $ 1,187       $ 1,042       $ 782       $ 445       $ 515   
10 Years
   $ 1,931       $ 2,260       $ 1,720       $ 997       $ 1,150            $ 1,931       $ 2,260       $ 1,720       $ 997       $ 1,150   

11. The section “Fund Summaries—Nuveen Mid Cap Index Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A      Class C      Class R3      Class I  
Management Fees
     0.30%         0.30%         0.30%         0.30%   
Distribution and/or Service (12b-1) Fees
     0.25%         1.00%         0.50%         0.00%   
Other Expenses3
     0.24%         0.24%         0.24%         0.24%   
Total Annual Fund Operating Expenses
     0.79%         1.54%         1.04%         0.54%   
Fee Waivers and/or Expense Reimbursements3,4
     (0.15)%         (0.15)%         (0.15)%         (0.15)%   
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
     0.64%         1.39%         0.89%         0.39%   

 

  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Other Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current contractual fees.
  4 The Fund’s investment adviser has agreed to waive fees and/or reimburse other Fund expenses through February 28, 2018 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 0.41% of the average daily net assets of any class of Fund shares. Fee waivers and/or expense reimbursements will not be terminated prior to that time without the approval of the Board of Directors of the Fund.

 

12. The section “Fund Summaries—Nuveen Mid Cap Index Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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 that the contractual fee waivers currently in place are not renewed beyond February 28, 2018. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     Redemption            No Redemption  
      A      C      R3      I            A      C      R3      I  
1 Year
   $ 65       $ 142       $ 91       $ 40          $ 65       $ 142       $ 91       $ 40   
3 Years
   $ 227       $ 462       $ 306       $ 147          $ 227       $ 462       $ 306       $ 147   
5 Years
   $ 414       $ 815       $ 549       $ 276          $ 414       $ 815       $ 549       $ 276   
10 Years
   $ 954       $ 1,813       $ 1,248       $ 653            $ 954       $ 1,813       $ 1,248       $ 653   

13. The section “Fund Summaries—Nuveen Mid Cap Value Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A      Class C      Class R3      Class I  
Management Fees3
     0.80%         0.80%         0.80%         0.80%   
Distribution and/or Service (12b-1) Fees
     0.25%         1.00%         0.50%         0.00%   
Other Expenses3
     0.25%         0.25%         0.25%         0.25%   
Total Annual Fund Operating Expenses
     1.30%         2.05%         1.55%         1.05%   
Fee Waivers and/or Expense Reimbursements3,4
     (0.13)%         (0.13)%         (0.13)%         (0.13)%   
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
     1.17%         1.92%         1.42%         0.92%   

 

  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Management Fees, Other Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current contractual fees.
  4 The Fund’s investment adviser has agreed to waive fees and/or reimburse other Fund expenses through February 28, 2018 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 0.92% of the average daily net assets of any class of Fund shares. Fee waivers and/or expense reimbursements will not be terminated prior to that time without the approval of the Board of Directors of the Fund.

 

14. The section “Fund Summaries—Nuveen Mid Cap Value Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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 that the contractual fee waivers currently in place are not renewed beyond February 28, 2018. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     Redemption    No Redemption  
      A      C      R3      I            A      C      R3      I  
1 Year
   $ 687       $ 195       $ 145       $ 94          $ 687       $ 195       $ 145       $ 94   
3 Years
   $ 943       $ 621       $ 468       $ 312          $ 943       $ 621       $ 468       $ 312   
5 Years
   $ 1,227       $ 1,083       $ 824       $ 558          $ 1,227       $ 1,083       $ 824       $ 558   
10 Years
   $ 2,034       $ 2,362       $ 1,827       $ 1,263            $ 2,034       $ 2,362       $ 1,827       $ 1,263   

15. The section “Fund Summaries—Nuveen Small Cap Index Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A      Class C      Class R3      Class I  
Management Fees
     0.33%         0.33%         0.33%         0.33%   
Distribution and/or Service (12b-1) Fees
     0.25%         1.00%         0.50%         0.00%   
Other Expenses3
     0.42%         0.42%         0.42%         0.41%   
Total Annual Fund Operating Expenses
     1.00%         1.75%         1.25%         0.74%   
Fee Waivers and/or Expense Reimbursements3,4
     (0.23)%         (0.23)%         (0.23)%         (0.22)%   
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements
     0.77%         1.52%         1.02%         0.52%   

 

  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Other Expenses and Fee Waivers and/or Expense Reimbursements have been restated to reflect current contractual fees.
  4 The Fund’s investment adviser has agreed to waive fees and/or reimburse other Fund expenses through February 28, 2018 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 0.54% of the average daily net assets of any class of Fund shares. Fee waivers and/or expense reimbursements will not be terminated prior to that time without the approval of the Board of Directors of the Fund.

 

16. The section “Fund Summaries—Nuveen Small Cap Index Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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 that the contractual fee waivers currently in place are not renewed beyond February 28, 2018. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

     Redemption            No Redemption  
      A      C      R3      I            A      C      R3      I  
1 Year
   $ 79       $ 155       $ 104       $ 53          $ 79       $ 155       $ 104       $ 53   
3 Years
   $ 280       $ 513       $ 358       $ 199          $ 280       $ 513       $ 358       $ 199   
5 Years
   $ 514       $ 912       $ 649       $ 375          $ 514       $ 912       $ 649       $ 375   
10 Years
   $ 1,189       $ 2,030       $ 1,477       $ 883            $ 1,189       $ 2,030       $ 1,477       $ 883   

17. The section “Fund Summaries—Nuveen Small Cap Select Fund—Fees and Expenses of the Fund—Annual Fund Operating Expenses” is deleted in its entirety and replaced with the following:

Annual Fund Operating Expenses

(expenses that you pay each year as a percentage of the value of your investment)

 

      Class A      Class C      Class R3      Class I  
Management Fees3
     0.84%         0.84%         0.84%         0.84%   
Distribution and/or Service (12b-1) Fees
     0.25%         1.00%         0.50%         0.00%   
Other Expenses3
     0.27%         0.27%         0.27%         0.27%   
Acquired Fund Fees and Expenses
     0.10%         0.10%         0.10%         0.10%   
Total Annual Fund Operating Expenses
     1.46%         2.21%         1.71%         1.21%   

 

  1 The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
  2 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).
  3 Management Fees and Other Expenses have been restated to reflect current contractual fees.

 

18. The section “Fund Summaries—Nuveen Small Cap Select Fund—Fees and Expenses of the Fund—Example” is deleted in its entirety and replaced with the following:

Example

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:

 

     Redemption            No Redemption  
      A      C      R3      I            A      C      R3      I  
1 Year
   $ 715       $ 224       $ 174       $ 123          $ 715       $ 224       $ 174       $ 123   
3 Years
   $ 1,010       $ 691       $ 539       $ 384          $ 1,010       $ 691       $ 539       $ 384   
5 Years
   $ 1,327       $ 1,185       $ 928       $ 665          $ 1,327       $ 1,185       $ 928       $ 665   
10 Years
   $ 2,221       $ 2,544       $ 2,019       $ 1,466            $ 2,221       $ 2,544       $ 2,019       $ 1,466