¹ Pensions & Investments, 30 Sep 2019. Rankings based on institutional tax-exempt assets under management as of 30 Jun 2019 reported by each responding asset manager.
² This target applies to those assets in our portfolio where Nuveen has asset management control. It excludes assets where our role is purely advisory and also those assets in our debt portfolios. Typically, for multi-let office buildings, whole building energy use is included, regardless of whether the cost for this energy is recovered directly from tenants. Typically for retail and industrial properties, only common parts energy use is used. For multifamily properties, whole building energy use is included where we have it. There are a small number of assets where the energy scope is unusual. This is usually due to uncommon servicing arrangements and associated limitations in metering. In such cases, assets are still reported but they are captured under a separate asset class, reflecting their non-standard arrangements. Target progress is calculated using a weighted indexed approach. This means that similar properties are grouped.
³ TIAA Investments is one of the largest managers among ESG mutual fund, ETFs and variable insurance managers as of 30 Sept 2018 according to analysis of Morningstar Direct data from FUSE Research Network. Fuse Research Network is a source for industry guidance to firms in the asset management industry and for obtaining ongoing research and market intelligence.
⁴ As of 31 Mar 2020.
⁵ As of 31 Mar 2020.
⁶ As of 31 Dec 2019. Nuveen assets under management is inclusive of underlying investment specialists.
All investments involve some degree of risk, including loss of principal. Investment objectives may not be met.

The Nuveen Family of Funds and the TIAA-CREF Funds are distinct fund families that comprise different investment products, each with its own features, terms and conditions, fee structures and risk factors. Please note, there are no exchange privileges between the two fund families.

The investment advisory services, strategies and expertise of TIAA Investments, a division of Nuveen, are provided by Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC.

Before investing, please advise your clients to carefully consider fund investment objectives, risks, charges and expenses. For this and other information that should be read carefully, please request a prospectus or summary prospectus from your Nuveen Advisor Consultant at 800.752.8700 or visit nuveen.com.

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