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N-1A
N-CSRS
NUVEEN INVESTMENT FUNDS INC
2025-06-30
Nuveen Global Infrastructure Fund
Class A Shares
FGIAX
This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Global Infrastructure Fund for the period of January 1, 2025 to<span style="font-weight:bold"> </span>June 30, 2025.
semi-annual shareholder report
You can find additional information athttps://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.
https://www.nuveen.com/en‑us/mutual‑funds/prospectuses
(800) 257‑8787
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;" title="oef:ExpensesTextBlock"><span style="color:#0071ce"><span style="font-weight:bold">What were the Fund costs for the last six months? </span></span><span style="font-family:arial">(based on a hypothetical $10,000 investment)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:32%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="vertical-align:bottom;"> </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">Cost of a </div> <div style="margin-top:0pt;margin-bottom:1pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">$10,000 investment </div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;text-align:right;"><span style="font-weight:bold">Costs paid as a percentage of<br/> $10,000 investment*</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-left:8pt;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Class A Shares</div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;white-space:nowrap;text-align:right;">$65 </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;white-space:nowrap;text-align:right;">1.21%</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:2%;margin-right:2%;font-size:8pt;font-family:arial;text-align:justify;">* Annualized for period less than one year. </div>
65
0.0121
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">Fund Statistics </span></span><span style="font-family:arial">(as of June 30, 2025)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:87%;"></td>
<td style="vertical-align:bottom;width:1%;"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:2%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Fund net assets</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">$481,189,828</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Total number of portfolio holdings</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">88</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Portfolio turnover (%)</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">50%</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr> </table>
481189828
88
0.50
<div style="position:relative;float:left;width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;">
<img alt="LOGO" src="g97393g1g00a00.jpg"/> </div> </div><div style="position:relative;float:left;margin-left:3%;width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;text-align:justify;">
<img alt="LOGO" src="g97393g1g01r02.jpg"/> </div> </div>
Nuveen Global Infrastructure Fund
Class C Shares
FGNCX
This semi-annual shareholder report contains important information about the Class C Shares of the Nuveen Global Infrastructure Fund for the period of January 1, 2025 to<span style="font-weight:bold"> </span>June 30, 2025.
semi-annual shareholder report
You can find additional information at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.
https://www.nuveen.com/en‑us/mutual‑funds/prospectuses
(800) 257‑8787
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">What were the Fund costs for the last six months? </span></span><span style="font-family:arial">(based on a hypothetical $10,000 investment)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:32%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="vertical-align:bottom;"> </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">Cost of a </div> <div style="margin-top:0pt;margin-bottom:1pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">$10,000 investment </div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;text-align:right;"><span style="font-weight:bold">Costs paid as a percentage of<br/> $10,000 investment*</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-left:8pt;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Class C Shares</div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;white-space:nowrap;text-align:right;">$104 </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;white-space:nowrap;text-align:right;">1.96%</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:2%;margin-right:2%;font-size:8pt;font-family:arial;text-align:justify;">* Annualized for period less than one year. </div>
104
0.0196
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">Fund Statistics</span></span><span style="font-family:arial"> (as of June 30, 2025)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:87%;"></td>
<td style="vertical-align:bottom;width:1%;"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:2%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Fund net assets</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">$481,189,828</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Total number of portfolio holdings</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">88</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Portfolio turnover (%)</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">50%</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr> </table>
481189828
88
0.50
<div style="position:relative;float:left;width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;">
<img alt="LOGO" src="g97393g1g30l13.jpg"/> </div> </div><div style="position:relative;float:left;margin-left:3%;width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;text-align:justify;">
<img alt="LOGO" src="g97393g1g43i20.jpg"/> </div> </div>
Nuveen Global Infrastructure Fund
Class R6 Shares
FGIWX
This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Global Infrastructure Fund for the period of January 1, 2025 to<span style="font-weight:bold"> </span>June 30, 2025.
semi-annual shareholder report
You can find additional information athttps://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.
https://www.nuveen.com/en‑us/mutual‑funds/prospectuses
(800) 257‑8787
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">What were the Fund costs for the last six months? </span></span><span style="font-family:arial">(based on a hypothetical $10,000 investment)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:32%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="vertical-align:bottom;"> </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">Cost of a </div> <div style="margin-top:0pt;margin-bottom:1pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">$10,000 investment </div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;text-align:right;"><span style="font-weight:bold">Costs paid as a percentage of<br/> $10,000 investment*</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-left:8pt;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Class R6 Shares</div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;white-space:nowrap;text-align:right;">$48 </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;white-space:nowrap;text-align:right;">0.90%</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:2%;margin-right:2%;font-size:8pt;font-family:arial;text-align:justify;">* Annualized for period less than one year. </div>
48
0.0090
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">Fund Statistics </span></span><span style="font-family:arial">(as of June 30, 2025)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:87%;"></td>
<td style="vertical-align:bottom;width:1%;"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:2%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Fund net assets</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">$481,189,828</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Total number of portfolio holdings</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">88</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Portfolio turnover (%)</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">50%</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr> </table>
481189828
88
0.50
<div style="position:relative;float:left;width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;">
<img alt="LOGO" src="g97393g1g17g42.jpg"/> </div> </div><div style="position:relative;float:left;margin-left:3%;width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;">
<img alt="LOGO" src="g97393g1g31e11.jpg"/> </div> </div>
Nuveen Global Infrastructure Fund
Class I Shares
FGIYX
This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Global Infrastructure Fund for the period of January 1, 2025 to<span style="font-weight:bold"> </span>June 30, 2025.
semi-annual shareholder report
You can find additional information athttps://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.
https://www.nuveen.com/en‑us/mutual‑funds/prospectuses
(800) 257‑8787
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">What were the Fund costs for the last six months? </span></span><span style="font-family:arial">(based on a hypothetical $10,000 investment)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:32%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="vertical-align:bottom;"> </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">Cost of a </div> <div style="margin-top:0pt;margin-bottom:1pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">$10,000 investment </div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;text-align:right;"><span style="font-weight:bold">Costs paid as a percentage of<br/> $10,000 investment*</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-left:8pt;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Class I Shares</div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;white-space:nowrap;text-align:right;">$51 </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;white-space:nowrap;text-align:right;">0.96%</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:2%;margin-right:2%;font-size:8pt;font-family:arial;text-align:justify;">* Annualized for period less than one year. </div>
51
0.0096
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">Fund Statistics </span></span><span style="font-family:arial">(as of June 30, 2025)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:87%;"></td>
<td style="vertical-align:bottom;width:1%;"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:2%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Fund net assets</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">$481,189,828</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Total number of portfolio holdings</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">88</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Portfolio turnover (%)</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">50%</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr> </table>
481189828
88
0.50
<div style="position:relative;float:left;width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;">
<img alt="LOGO" src="g97393g1g48p62.jpg"/> </div> </div><div style="position:relative;float:left;margin-left:3%;width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;text-align:justify;">
<img alt="LOGO" src="g97393g1g87s42.jpg"/> </div> </div>
Nuveen Real Asset Income Fund
Class A Shares
NRIAX
This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Real Asset Income Fund for the period of January 1, 2025 to<span style="font-weight:bold"> </span>June 30, 2025.
semi-annual shareholder report
You can find additional information athttps://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.
https://www.nuveen.com/en‑us/mutual‑funds/prospectuses
(800) 257‑8787
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">What were the Fund costs for the last six months? </span></span><span style="font-family:arial">(based on a hypothetical $10,000 investment)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:32%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="vertical-align:bottom;"> </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">Cost of a </div> <div style="margin-top:0pt;margin-bottom:1pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">$10,000 investment </div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;text-align:right;"><span style="font-weight:bold">Costs paid as a percentage of<br/> $10,000 investment*</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-left:8pt;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Class A Shares</div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;white-space:nowrap;text-align:right;">$60 </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;white-space:nowrap;text-align:right;">1.16%</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:2%;margin-right:2%;font-size:8pt;font-family:arial;text-align:justify;">* Annualized for period less than one year. </div>
60
0.0116
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">Fund Statistics </span></span><span style="font-family:arial">(as of June 30, 2025)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:86%;"></td>
<td style="vertical-align:bottom;width:1%;"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:2%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Fund net assets</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">$1,114,682,373</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Total number of portfolio holdings</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">458</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Portfolio turnover (%)</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">36%</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr> </table>
1114682373
458
0.36
<div style="position:relative;float:left;width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;">
<img alt="LOGO" src="g97393g1g01u09.jpg"/> </div> </div><div style="position:relative;float:left;margin-left:3%;width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;">
<img alt="LOGO" src="g97393g1g01u10.jpg"/> </div> </div>
Nuveen Real Asset Income Fund
Class C Shares
NRICX
This semi-annual shareholder report contains important information about the Class C Shares of the Nuveen Real Asset Income Fund for the period of January 1, 2025 to<span style="font-weight:bold"> </span>June 30, 2025.
semi-annual shareholder report
You can find additional information athttps://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.
https://www.nuveen.com/en‑us/mutual‑funds/prospectuses
(800) 257‑8787
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">What were the Fund costs for the last six months? </span></span><span style="font-family:arial">(based on a hypothetical $10,000 investment)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:32%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="vertical-align:bottom;"> </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">Cost of a </div> <div style="margin-top:0pt;margin-bottom:1pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">$10,000 investment </div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;text-align:right;"><span style="font-weight:bold">Costs paid as a percentage of<br/> $10,000 investment*</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-left:8pt;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Class C Shares</div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;white-space:nowrap;text-align:right;">$99 </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;white-space:nowrap;text-align:right;">1.91%</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:2%;margin-right:2%;font-size:8pt;font-family:arial;text-align:justify;">* Annualized for period less than one year. </div>
99
0.0191
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">Fund Statistics </span></span><span style="font-family:arial">(as of June 30, 2025)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:86%;"></td>
<td style="vertical-align:bottom;width:1%;"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:2%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Fund net assets</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">$1,114,682,373</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Total number of portfolio holdings</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">458</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Portfolio turnover (%)</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">36%</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr> </table>
1114682373
458
0.36
<div style="position:relative;float:left;width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;">
<img alt="LOGO" src="g97393g1g94w75.jpg"/> </div> </div><div style="position:relative;float:left;margin-left:3%;width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;text-align:justify;">
<img alt="LOGO" src="g97393g1g40j05.jpg"/> </div> </div>
Nuveen Real Asset Income Fund
Class R6 Shares
NRIFX
This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Real Asset Income Fund for the period of January 1, 2025 to<span style="font-weight:bold"> </span>June 30, 2025.
semi-annual shareholder report
You can find additional information athttps://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.
https://www.nuveen.com/en‑us/mutual‑funds/prospectuses
(800) 257‑8787
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">What were the Fund costs for the last six months? </span></span><span style="font-family:arial">(based on a hypothetical $10,000 investment)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:32%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="vertical-align:bottom;"> </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">Cost of a </div> <div style="margin-top:0pt;margin-bottom:1pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">$10,000 investment </div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;text-align:right;"><span style="font-weight:bold">Costs paid as a percentage of<br/> $10,000 investment*</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-left:8pt;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Class R6 Shares</div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;white-space:nowrap;text-align:right;">$42 </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;white-space:nowrap;text-align:right;">0.81%</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:2%;margin-right:2%;font-size:8pt;font-family:arial;text-align:justify;">* Annualized for period less than one year. </div>
42
0.0081
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">Fund Statistics </span></span><span style="font-family:arial">(as of June 30, 2025)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:86%;"></td>
<td style="vertical-align:bottom;width:1%;"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:2%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Fund net assets</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">$1,114,682,373</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Total number of portfolio holdings</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">458</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Portfolio turnover (%)</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">36%</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr> </table>
1114682373
458
0.36
<div style="position:relative;float:left;width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;">
<img alt="LOGO" src="g97393g1g41g56.jpg"/> </div> </div><div style="position:relative;float:left;margin-left:3%;width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;text-align:justify;">
<img alt="LOGO" src="g97393g1g45w40.jpg"/> </div> </div>
Nuveen Real Asset Income Fund
Class I Shares
NRIIX
This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Real Asset Income Fund for the period of January 1, 2025 to<span style="font-weight:bold"> </span>June 30, 2025.
semi-annual shareholder report
You can find additional information athttps://www.nuveen.com/en‑us/mutual‑funds/prospectuses<span style="font-weight:bold">.</span> You can also request this information by contacting us at (800) 257‑8787.
https://www.nuveen.com/en‑us/mutual‑funds/prospectuses
(800) 257‑8787
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">What were the Fund costs for the last six months? </span></span><span style="font-family:arial">(based on a hypothetical $10,000 investment)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:32%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="vertical-align:bottom;"> </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">Cost of a </div> <div style="margin-top:0pt;margin-bottom:1pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">$10,000 investment </div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;text-align:right;"><span style="font-weight:bold">Costs paid as a percentage of<br/> $10,000 investment*</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-left:8pt;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Class I Shares</div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;white-space:nowrap;text-align:right;">$47 </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;white-space:nowrap;text-align:right;">0.91%</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:2%;margin-right:2%;font-size:8pt;font-family:arial;text-align:justify;">* Annualized for period less than one year. </div>
47
0.0091
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">Fund Statistics </span></span><span style="font-family:arial">(as of June 30, 2025)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:86%;"></td>
<td style="vertical-align:bottom;width:1%;"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:2%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Fund net assets</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">$1,114,682,373</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Total number of portfolio holdings</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">458</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Portfolio turnover (%)</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">36%</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr> </table>
1114682373
458
0.36
<div style="position:relative;float:left;width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;">
<img alt="LOGO" src="g97393g1g19i66.jpg"/> </div> </div><div style="position:relative;float:left;margin-left:3%;width:49%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;text-align:justify;">
<img alt="LOGO" src="g97393g1g39o65.jpg"/> </div> </div>
Nuveen Real Estate Securities Fund
Class A Shares
FREAX
This semi-annual shareholder report contains important information about the Class A Shares of the Nuveen Real Estate Securities Fund for the period of January 1, 2025 to<span style="font-weight:bold"> </span>June 30, 2025.
semi-annual shareholder report
You can find additional information athttps://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.
https://www.nuveen.com/en‑us/mutual‑funds/prospectuses
(800) 257‑8787
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">What were the Fund costs for the last six months? </span></span><span style="font-family:arial">(based on a hypothetical $10,000 investment)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:32%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="vertical-align:bottom;"> </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">Cost of a </div> <div style="margin-top:0pt;margin-bottom:1pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">$10,000 investment </div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;text-align:right;"><span style="font-weight:bold">Costs paid as a percentage of<br/> $10,000 investment*</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-left:8pt;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Class A Shares</div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;white-space:nowrap;text-align:right;">$59 </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;white-space:nowrap;text-align:right;">1.18%</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:2%;margin-right:2%;font-size:8pt;font-family:arial;text-align:justify;">* Annualized for period less than one year. </div>
59
0.0118
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">Fund Statistics </span></span><span style="font-family:arial">(as of June 30, 2025)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:87%;"></td>
<td style="vertical-align:bottom;width:1%;"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:2%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Fund net assets</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">$908,145,761</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Total number of portfolio holdings</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">67</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Portfolio turnover (%)</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">33%</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr> </table>
908145761
67
0.33
<div style="position:relative;float:left;width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;">
<img alt="LOGO" src="g97393g1g01a18.jpg"/> </div> </div>
Nuveen Real Estate Securities Fund
Class C Shares
FRLCX
This semi-annual shareholder report contains important information about the Class C Shares of the Nuveen Real Estate Securities Fund for the period of January 1, 2025 to<span style="font-weight:bold"> </span>June 30, 2025.
semi-annual shareholder report
You can find additional information athttps://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.
https://www.nuveen.com/en‑us/mutual‑funds/prospectuses
(800) 257‑8787
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">What were the Fund costs for the last six months? </span></span><span style="font-family:arial">(based on a hypothetical $10,000 investment)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:32%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="vertical-align:bottom;"> </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">Cost of a </div> <div style="margin-top:0pt;margin-bottom:1pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">$10,000 investment </div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;text-align:right;"><span style="font-weight:bold">Costs paid as a percentage of<br/> $10,000 investment*</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-left:8pt;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Class C Shares</div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;white-space:nowrap;text-align:right;">$96 </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;white-space:nowrap;text-align:right;">1.93%</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:2%;margin-right:2%;font-size:8pt;font-family:arial;text-align:justify;">* Annualized for period less than one year. </div>
96
0.0193
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">Fund Statistics </span></span><span style="font-family:arial">(as of June 30, 2025)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:87%;"></td>
<td style="vertical-align:bottom;width:1%;"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:2%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Fund net assets</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">$908,145,761</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Total number of portfolio holdings</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">67</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Portfolio turnover (%)</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">33%</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr> </table>
908145761
67
0.33
<div style="position:relative;float:left;width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;">
<img alt="LOGO" src="g97393g1g13l59.jpg"/> </div> </div>
Nuveen Real Estate Securities Fund
Class R6 Shares
FREGX
This semi-annual shareholder report contains important information about the Class R6 Shares of the Nuveen Real Estate Securities Fund for the period of January 1, 2025 to<span style="font-weight:bold"> </span>June 30, 2025.
semi-annual shareholder report
You can find additional information athttps://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.
https://www.nuveen.com/en‑us/mutual‑funds/prospectuses
(800) 257‑8787
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">What were the Fund costs for the last six months? </span></span><span style="font-family:arial">(based on a hypothetical $10,000 investment)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:32%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="vertical-align:bottom;"> </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">Cost of a </div> <div style="margin-top:0pt;margin-bottom:1pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">$10,000 investment </div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;text-align:right;"><span style="font-weight:bold">Costs paid as a percentage of<br/> $10,000 investment*</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-left:8pt;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Class R6 Shares</div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;white-space:nowrap;text-align:right;">$36 </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;white-space:nowrap;text-align:right;">0.71%</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:2%;margin-right:2%;font-size:8pt;font-family:arial;text-align:justify;">* Annualized for period less than one year. </div>
36
0.0071
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">Fund Statistics </span></span><span style="font-family:arial">(as of June 30, 2025)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:87%;"></td>
<td style="vertical-align:bottom;width:1%;"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:2%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Fund net assets</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">$908,145,761</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Total number of portfolio holdings</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">67</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Portfolio turnover (%)</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">33%</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr> </table>
908145761
67
0.33
<div style="position:relative;float:left;width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;">
<img alt="LOGO" src="g97393g1g82e72.jpg"/> </div> </div>
Nuveen Real Estate Securities Fund
Class I Shares
FARCX
This semi-annual shareholder report contains important information about the Class I Shares of the Nuveen Real Estate Securities Fund for the period of January 1, 2025 to<span style="font-weight:bold"> </span>June 30, 2025.
semi-annual shareholder report
You can find additional information athttps://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.
https://www.nuveen.com/en‑us/mutual‑funds/prospectuses
(800) 257‑8787
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">What were the Fund costs for the last six months? </span></span><span style="font-family:arial">(based on a hypothetical $10,000 investment)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:33%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:32%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="vertical-align:bottom;"> </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;vertical-align:bottom;text-align:right;"> <div style="margin-top:0pt;margin-bottom:0pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">Cost of a </div> <div style="margin-top:0pt;margin-bottom:1pt;font-size:8pt;font-family:arial;font-weight:bold;text-align:right;">$10,000 investment </div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;text-align:right;"><span style="font-weight:bold">Costs paid as a percentage of<br/> $10,000 investment*</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-TOP:0.75pt solid #7fb8e6; BORDER-RIGHT:0.75pt solid #7fb8e6;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-left:8pt;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Class I Shares</div></td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;white-space:nowrap;text-align:right;">$47 </td>
<td style=" BORDER-LEFT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #7fb8e6; BORDER-BOTTOM:0.75pt solid #7fb8e6; padding-right:2pt;vertical-align:bottom;white-space:nowrap;text-align:right;">0.93%</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:2%;margin-right:2%;font-size:8pt;font-family:arial;text-align:justify;">* Annualized for period less than one year. </div>
47
0.0093
<div style="margin-top:0pt;margin-bottom:0pt;margin-left:2%;font-size:11pt;font-family:arial;"><span style="color:#0071ce"><span style="font-weight:bold">Fund Statistics </span></span><span style="font-family:arial">(as of June 30, 2025)</span><span style="font-family:arial;color:#0071ce"><span style="font-weight:bold"> </span></span></div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:96%;border-spacing:0px;margin:0 auto">
<tr>
<td style="width:87%;"></td>
<td style="vertical-align:bottom;width:1%;"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:2%;"></td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Fund net assets</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">$908,145,761</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Total number of portfolio holdings</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">67</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr>
<tr style="font-size:1pt">
<td style="height:3pt;"></td>
<td colspan="4" style="height:3pt;"></td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:8pt">
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:top;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:8pt;font-family:arial;">Portfolio turnover (%)</div></td>
<td style=" BORDER-BOTTOM:0.75pt solid #7fb8e6;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;text-align:right;">33%</td>
<td style="padding-bottom:3pt ;BORDER-BOTTOM:0.75pt solid #7fb8e6;white-space:nowrap;vertical-align:bottom;"> </td> </tr> </table>
908145761
67
0.33
<div style="position:relative;float:left;width:48%;padding-right:0%;padding-bottom:8pt;overflow:visible;padding-top:3pt;"> <div style="margin-top:0pt;margin-bottom:0pt;">
<img alt="LOGO" src="g97393g1g20u95.jpg"/> </div> </div>
Annualized for period less than one year.
Annualized for period less than one year.
Annualized for period less than one year.
Annualized for period less than one year.
Annualized for period less than one year.
Annualized for period less than one year.
Annualized for period less than one year.
Annualized for period less than one year.
Annualized for period less than one year.
Annualized for period less than one year.
Annualized for period less than one year.
Annualized for period less than one year.