Nuveen Small Cap Growth Opportunities Fund

Typically, this fund commits a minimum of 80% of its combined net assets and any capital borrowed for investment purposes to the common equity of small-capitalization companies. These small-cap firms are specifically those whose market capitalizations fall within the range of companies represented in the Russell 2000® Index. This market capitalization range is determined on the final business day of the month when the Russell 2000® Index last completed its reconstitution. This investment strategy is applied under standard market conditions.