NUVEEN MULTIASSET INCOME FUND CLASS R6 (NMKRX) Exchange: NMFQS

The Fund seeks to achieve its investment objectives by investing in a broad range of debt securities, equity securities and other types of investments, as described below. The Fund may invest in the securities and other investments described herein either directly, or indirectly through investments in other mutual funds, exchange-traded funds (“ETFs”) and closed-end investment companies (“underlying funds”). The underlying funds will include mutual funds managed by the Fund’s investment adviser, Nuveen Fund Advisors, LLC (the “Adviser”), and by Teachers Advisors, LLC, an affiliate of the Adviser (the “Affiliated Underlying Funds”). Both the Adviser and Teachers Advisors, LLC are indirect wholly owned subsidiaries of Teachers Insurance and Annuity Association of America. The underlying funds also may include mutual funds, ETFs and closed-end funds managed by unaffiliated investment advisers. To the extent the Fund invests in Affiliated Underlying Funds to gain certain exposures, the Fund may be characterized as a fund of funds. Direct investments by the Fund will be made by the Fund’s Managers (named below) pursuant to the Managers’ various investment strategies. Each of the Managers is an affiliate of the Adviser.The Fund is not required to allocate its investments among asset classes in any fixed proportion, except that the Fund may not invest more than 70% of its net assets in equity securities (which include, for this purpose, underlying funds that invest at least 80% of their net assets in equity securities). The relative proportions of the Fund’s investments allocated to each asset class or strategy may change over time based upon market and economic conditions. There are no restrictions on where the Fund may invest geographically (including emerging markets) or on the amount of the Fund’s assets that can be invested in either U.S. or foreign securities. The Fund may invest in securities denominated in U.S. dollars or local foreign currencies.The fixed-income instruments in which the Fund may invest include debt securities of the U.S. government and other governments throughout the world (including emerging markets) as well as their agencies and instrumentalities and government-sponsored enterprises; domestic and foreign corporate debt obligations; residential and commercial mortgage-backed securities; asset-backed securities; fixed and floating rate loans, including senior loans and secured and unsecured junior loans; debt obligations of master limited partnerships (MLPs); municipal securities; certain hybrid preferred securities; and contingent capital securities. The Fund may invest in debt securities of any rating (including below-investment-grade debt securities, commonly known as “high yield” or “junk” bonds) and in debt securities that are unrated. There is no limitation on the maturities or duration of the instruments in which the Fund may invest. Duration is a measure used to estimate how much the value of a debt security will change with a given change in interest rates.The equity securities in which the Fund may invest include those of issuers of any market capitalization located throughout the world (including the U.S. and emerging markets) and across various investment styles (e.g., growth- or value-oriented styles). These securities may include domestic common stocks; ordinary shares of non-U.S. companies; depositary receipts; traditional and certain hybrid preferred securities; convertible securities; MLPs and other partnership interests; and real estate investment trusts (REITs). The Fund intends to focus on dividend paying equity securities, although it may also invest in non-dividend paying equity securities in seeking to meet its objective of capital appreciation.The Fund may utilize derivatives and may obtain exposure to derivatives through underlying funds. Derivatives utilized by the Fund include options; futures contracts; options on futures contracts; interest rate caps, collars, and floors; swap agreements; options on swap agreements; foreign currency contracts; and options on foreign currencies. These derivatives may be used in an attempt to manage market risk, currency risk, credit risk or yield curve risk; to manage the effective maturity or duration of securities in the Fund’s or underlying fund’s portfolio; or for speculative purposes in an effort to increase yield or enhance returns. The use of a derivative is speculative if a fund is primarily seeking to enhance returns, rather than offset the risk of other positions. When a fund utilizes a derivative for speculative purposes, the fund will be fully exposed to the risks of loss of that derivative, which may sometimes be greater than the derivative’s cost.The Fund may invest in underlying funds that sell securities short, and that may use the proceeds of the short sales to purchase additional portfolio securities. The Fund will not engage directly in short sales of securities.The Fund may employ an option writing strategy that seeks to produce option premiums for the purpose of enhancing the Fund’s total returns over time. This option writing strategy will consist of selling index call options, call options on custom baskets of securities and covered call options on individual securities. In addition to writing call options, the Fund may utilize call spreads. A call spread involves the sale and corresponding purchase of call options on the same underlying security, index or instrument.The Fund may invest in money market instruments and short-term, highly-rated fixed income securities, including money market mutual funds, for cash management or temporary defensive purposes.The Solutions Team at Nuveen Asset Management, LLC (the “Solutions Team”) is responsible for allocating the Fund’s assets among underlying funds and the affiliated sub-advisers named below (including other investment teams within Nuveen Asset Management, LLC) (the “Managers”), each of which will directly invest, and be responsible for the day-to-day management of, that portion of the Fund’s assets that is allocated to it. The Solutions Team makes these allocations based on a variety of factors including its estimates of asset class returns, an analysis of the risk and return characteristics of various asset class mixes, its current view on valuations, as well as current market, economic and industry factors and the relative value of the U.S. dollar compared to other currencies. The Solutions Team may change its emphasis on an asset class, investment strategy or security type at any time based on its evaluation of those factors and market opportunities and may determine not to allocate any assets to a particular asset class, investment strategy, or security type. In addition, the Solutions Team may determine that, rather than allocating Fund assets to a Manager, it is more efficient to obtain exposure through an investment in an Affiliated Underlying Fund managed by that Manager. For a brief discussion of the Managers’ strategies, see “How We Manage Your Money—Who Manages the Fund” in the statutory prospectus. As a result, there may not be any Fund assets allocated to one or more of the Managers at any point in time.