Nuveen Fund Advisors, LLC (“NFAL”) provides fund management services primarily to investment 
companies registered under the Investment Company Act of 1940, as amended (the “1940 Act”) 
(including  open-end  funds,  closed-end  funds  and  exchange-traded  funds  (“ETFs”)).  NFAL  also 
provides management services to a series of products offered through one or more bank collective 
investment trusts, and an investment company with variable capital incorporated with limited liability 
in Ireland and established as an umbrella fund with segregated liability between funds, pursuant to 
the  European  Communities  (Undertaking  for  Collective  Investment  in  Transferable  Securities 
(“UCITS”)) Regulations, 2011, as amended. 1940 Act-registered funds, bank collective investment 
trusts and UCITS funds are each referred to herein as a “Fund,” and collectively, “Funds.”  
NFAL  is  a  subsidiary  of  Nuveen,  LLC (“Nuveen”).  Nuveen  is  a  subsidiary,  and  represents  the 
investment management division, of Teachers Insurance and Annuity Association of America (also 
known  as  “TIAA”),  a  leading  financial  services  provider.  TIAA  is  the  ultimate  principal  owner  of 
NFAL. See Item 10.  
Types of Advisory Services    
NFAL  currently  provides  management  services  to  Funds,  as  defined  herein.  NFAL  may  also 
provide  management  services  to  other  investment  vehicles  or  client  types  in  the  future.  NFAL 
typically  will  engage  affiliated  and/or  unaffiliated  subadvisers  (“Subadvisers”)  who  provide 
discretionary  portfolio  management  services  with  respect  to  Fund  assets  allocated  to  each 
Subadviser.  The  allocation  of  responsibilities  between  NFAL  and  the  Subadvisers  may  vary  by 
Fund.  For  detailed  information  about  a  particular  Subadviser,  please  refer  to  the  relevant 
Subadviser’s Form ADV. Any description of a Subadviser’s services or practices contained herein 
is qualified in its entirety by the Subadviser’s Form ADV. Certain actions ascribed herein to NFAL 
may be effectuated by a Subadviser. See also Item 8.  
NFAL’s  services  for  the  Funds  generally  include  product  development  and  management, 
investment oversight and risk management, and fund administration. NFAL’s specific services vary 
by Fund.  
In  providing  Fund  management  services  to  the  Funds,  NFAL  is  involved  in  new  product 
development  and  ongoing  coordination  of  Fund  management  activities.  For  most  Funds,  NFAL 
conducts  ongoing  monitoring  of  the  Fund  and  the  relevant  Subadviser’s  services,  including 
evaluation and analysis of performance and portfolio characteristics, and provides regular reporting 
to NFAL’s clients, typically the relevant Fund’s governing body (e.g., board of directors/trustees). 
For  certain  multi-asset  class  or  multi-manager  Funds,  NFAL  sets  asset
                                        
                                        
                                              allocation  targets  and 
ranges,  and  re-allocates  assets  among  asset  classes  and/or  Subadvisers  as  a  result  of  market 
movements, asset flows, the need to raise cash for share dividends and distributions, and other 
factors. For Funds with leverage, NFAL sets various parameters with respect to a Fund’s structural 
or effective leverage, which may include target levels, ranges and/or upper boundaries; provides 
ongoing  leverage  monitoring  and  oversight;  and  in  certain  cases,  assists  with  or  directs 
implementation.  
NFAL provides ongoing risk management services for Funds, with an emphasis on the identification 
and quantification of risk factors, the impact of the use of derivatives, counterparty exposures and 
liquidity.  NFAL  helps  oversee  the  valuation  of  portfolio  securities,  and  makes  or  assists  in  fair 
valuation  determinations  for  certain  Fund  portfolio  securities  for  which  a  fair  market value  is  not 
readily available or reliable. 
NFAL may oversee a Fund’s utilization of residual cash management programs and vehicles, and 
securities  lending  programs,  if  applicable,  which  are  typically  associated  with  the  relevant  Fund 
custodian.  
NFAL  also  generally  provides  certain  administrative  services  to  the  Funds,  which  may  include 
preparing  or  assisting  in  the  preparation  of  shareholder  reports  or  other  financial  information; 
preparing or verifying Fund characteristics for internal or external purposes; and providing oversight 
and coordination among Fund service providers (e.g., custodians, transfer agents, administrators 
and auditors).  
For its services to a Fund, NFAL generally receives advisory fees from the Fund (or in the case of 
bank collective investment trusts, from the Fund’s trustee). Fund investors should carefully review 
the  Funds’  prospectuses  or  other  offering  documents  for  more  detailed  information  regarding 
services NFAL provides to a Fund. 
Certain of the foregoing activities are provided in consultation with and/or under the oversight or 
direction of the relevant Fund’s governing body (e.g., board of directors). See also Item 13.  
For the avoidance of doubt, nothing shall prohibit or impede a client from voluntarily or otherwise 
communicating  directly with or providing information to any governmental or regulatory authority 
about their accounts, any underlying facts or circumstances, or disputes or concerns.  
Investment Restrictions  
NFAL  provides  Fund  management  services  based  upon  the  investment  objectives,  goals  and 
restrictions set forth in a Fund’s prospectus or other offering materials, and the governance and 
operational needs of the Fund. 
Assets Under Management  
As  of  December  31,  2023,  NFAL’s  discretionary  assets  under  management  (AUM)  were 
approximately $150.3 billion.