Nuveen Winslow Large Cap Growth ESG Fd USD Class A (NWCAX) Exchange: NMFQS

Under normal market conditions, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in equity securities of U.S. companies with market capitalizations in excess of $4 billion at the time of purchase. The Fund may invest up to 20% of its net assets in non-U.S. equity securities.The Fund’s sub-adviser employs a fundamental, bottom-up investment process that centers on identifying growth companies which exhibit some or all of the following characteristics: in an industry with growth potential; leads or gains market share; has identifiable and sustainable competitive advantages; is managed by a team that can perpetuate the company’s competitive advantages; high, and preferably rising, return on invested capital; demonstrates sustainable ESG characteristics; deploys excess cash flow to enhance shareholder returns; and demonstrates sound corporate governance.In order to identify investment candidates for the Fund, the sub-adviser begins by using a quantitative screen of the companies in the Russell 1000® Index with market capitalizations typically exceeding $4 billion, complemented with suitable companies that are not in the Index. The companies that pass this screen are then qualitatively assessed in the context of their respective industry. As part of its qualitative assessment, the sub-adviser evaluates each company’s non-financial performance among certain Environmental, Social and Governance (ESG) factors. The sub-adviser then determines which ESG factors may be material to a company’s future financial performance. This involves an evaluation of how the company integrates particular ESG risks and opportunities into its corporate strategy through, for example, improving governance practices, aligning management team incentives, and increasing transparency into its ESG practices. A potential investment candidate for the Fund will generally exhibit sustainable practices, as determined by the sub-adviser, across the following ESG factors:Environmental - impact on or from climate change, natural resource use and waste management practices;Social - human capital management, product safety, supply chain management; andGovernance - corporate governance, business ethics and advocacy for governmental policy.The ESG factor evaluation involves the identification of key performance indicators, which are given more or less relative weight compared to the broader range of potential assessment categories. Concerns in one area do not automatically eliminate a company from being an eligible portfolio investment. When ESG concerns exist, the sub-adviser gives careful consideration to how companies address the risks and opportunities they face in the context of their sector or industry and relative to their peers. The sub-adviser may engage with companies to encourage them to improve their ESG practices. The sub-adviser’s activities in this respect may include, but are not limited to, direct dialogue with company management, electronic communications and letters. The Fund may invest in companies whose ESG practices are currently suboptimal, with the expectation that these practices may improve over time either as a result of sub-adviser’s engagement efforts or through the company’s own initiatives.ESG factors are evaluated by the sub-adviser based on data provided by independent ESG research vendors, and the sub-adviser favors companies with leadership in ESG factor performance relative to their peers. As the final step in the investment process, the sub-adviser determines which companies with potential for above-average future earnings growth fit its portfolio construction parameters in light of the companies’ valuations and relative ESG factor performance.The Fund will not invest in companies determined by the sub-adviser to be engaged principally in the manufacture of firearms or tobacco products. To the extent possible on the basis of information available to the sub-adviser, a company will be deemed to be principally engaged in an activity if it derives more than 10% of its gross revenues from such activities.The sub-adviser’s sell discipline utilizes the same fundamental research process in order to control risk and protect capital. Under normal market conditions, the sub-adviser employs a sell discipline pursuant to which it may sell some or all of its position in a stock when a stock becomes fully valued, the fundamental business prospects are deteriorating, the issuer’s ESG factor performance declines, or the position exceeds limits set by the sub-adviser.