NUVEEN INFLATION PROTECTED SECURITIES FUND
SUPPLEMENT DATED DECEMBER 2, 2014
TO THE SUMMARY PROSPECTUS DATED OCTOBER 31, 2014
1. | The section Fees and Expenses of the FundAnnual Fund Operating Expenses is deleted in its entirety and replaced with the following: |
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
Class A | Class C | Class R3 | Class I | |||||||||||||
Management Fees |
0.42% | 0.42% | 0.42% | 0.42% | ||||||||||||
Distribution and/or Service (12b-1) Fees |
0.25% | 1.00% | 0.50% | 0.00% | ||||||||||||
Other Expenses |
0.19% | 0.19% | 0.21% | 0.19% | ||||||||||||
Total Annual Fund Operating Expenses |
0.86% | 1.61% | 1.13% | 0.61% | ||||||||||||
Fee Waivers and/or Expense Reimbursements3 |
(0.03)% | (0.03)% | (0.05)% | (0.03)% | ||||||||||||
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements |
0.83% | 1.58% | 1.08% | 0.58% |
1 | The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase. |
2 | Fee applies to the following types of accounts under $1,000 held directly with the Fund: individual retirement accounts (IRAs), Coverdell Education Savings Accounts and accounts established pursuant to the Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA). |
3 | The Funds investment adviser has contractually agreed to waive fees and/or reimburse other Fund expenses through October 31, 2016 so that total annual fund operating expenses, after fee waivers and/or expense reimbursements and excluding acquired fund fees and expenses, do not exceed 0.85%, 1.60%, 1.10% and 0.60% for Class A, Class C, Class R3 and Class I shares, respectively. Fee waivers and/or expense reimbursements will not be terminated prior to that time without the approval of the Funds Board of Directors. |
2. | The section Fees and Expenses of the FundExample is deleted in its entirety and replaced with the following: |
Example
The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem your shares at the end of a period. The example also assumes that your investment has a 5% return each year, that the Funds operating expenses remain the same and that the contractual fee waivers currently in place are not renewed beyond October 31, 2016. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Redemption | No Redemption | |||||||||||||||||||||||||||||||||
A | C | R3 | I | A | C | R3 | I | |||||||||||||||||||||||||||
1 Year |
$ | 506 | $ | 161 | $ | 110 | $ | 59 | $ | 506 | $ | 161 | $ | 110 | $ | 59 | ||||||||||||||||||
3 Years |
$ | 682 | $ | 502 | $ | 349 | $ | 189 | $ | 682 | $ | 502 | $ | 349 | $ | 189 | ||||||||||||||||||
5 Years |
$ | 876 | $ | 871 | $ | 613 | $ | 334 | $ | 876 | $ | 871 | $ | 613 | $ | 334 | ||||||||||||||||||
10 Years |
$ | 1,435 | $ | 1,906 | $ | 1,366 | $ | 757 | $ | 1,435 | $ | 1,906 | $ | 1,366 | $ | 757 |
PLEASE KEEP THIS WITH YOUR
SUMMARY PROSPECTUS
FOR FUTURE REFERENCE
MGN-IPSS-1214P