Nuveen Global Emerging Markets Debt Fund - Class E USD Acc

Objectives and investment policy The investment objective of the Nuveen Global Emerging Markets Debt Fund is to seek favourable long-term risk-adjusted return, through income and capital appreciation, by investing primarily in a portfolio of Emerging Markets (as defined below) fixed-income securities. The Fund invests at least 80% of its assets in fixed-income debt securities of Emerging Market issuers. For these purposes, “Emerging Markets” means any of the countries or markets represented in the JP Morgan Emerging Markets Bond Index (EMBI) Global Diversified (the “EMBI-GD Index”), or any other country or market with similar emerging characteristics as determined at the discretion of the Sub Investment Manager. The Fund invests in fixed-income debt securities issued by sovereign, quasi-sovereign, supranational and corporate issuers and may invest without limit in fixed-income securities with a credit rating lower than investment grade. The Fund expects to invest at least 90% of its assets in securities denominated in Hard Currencies. Hard Currency investments not denominated in U.S. Dollars may be hedged back into U.S. Dollars at the discretion of the Sub Investment Manager. The Sub Investment Manager performs its own credit analysis to identify securities that meet the Fund's investment objective. The Sub Investment Manager pays particular attention to economic trends and other market events, including general supply and demand factors and geopolitical events that have an impact on markets, to identify investment opportunities for the Fund. The individual fixed-income securities in which the Fund invests are selected by the Sub Investment Manager based upon its belief that the issuers are undervalued, overlooked or misunderstood and therefore offer the potential to increase the Fund's long-term risk-adjusted return. The Fund promotes environmental and social characteristics in accordance with Article 8 of SFDR by making investments in borrowers that meet the standards of a proprietary responsible investing framework and by excluding certain borrowers but does not have a sustainable investment objective. The Fund is actively managed and uses the JP Morgan EMBI Global Diversified Index (the "Benchmark") for performance comparison purposes. While a proportion of the Fund's assets may from time to time be components of and have similar weightings to the Benchmark, the Sub Investment Manager has discretion in the selection of investments for the Fund and may invest in securities that are not included in the Benchmark. In addition, the Benchmark employs different investment guidelines and criteria than the Fund. As a result, the holdings in the Fund may differ significantly from the assets that comprise the Benchmark and the volatility of the Benchmark presented may be materially different from that of the performance of the Fund. Any income the Fund generates will be reinvested to grow the value of your investment. You may purchase or sell shares of the Fund on days on which both the New York Stock Exchange and retail banks in Ireland are open for business, subject to certain cut-off times. This Fund may not be appropriate for investors who plan to withdraw their money within 5 years. For more information about the investment policy, see "Investment Objective and Policies" in the Company's prospectus available at www.nuveen.com/ucits.