https://www.sec.gov/Archives/edgar/data/1041673/000119312522160269/d286967d497.htm497 1 d286967d497.htm NUVEEN INVESTMENT TRUST II
NUVEEN EMERGING MARKETS EQUITY FUND
SUPPLEMENT DATED MAY 26, 2022
TO THE STATUTORY PROSPECTUS DATED DECEMBER 1, 2021
Nuveen Emerging Markets Equity Fund will be liquidated after the close of business on July 26, 2022.
Effective June 24, 2022, the Fund will stop accepting purchases from new investors. Existing shareholders may continue to purchase Fund shares until July 14, 2022. Existing shareholders may continue to reinvest dividends and capital gains distributions received from the Fund. The Fund reserves the right to modify the extent to which sales of shares are limited prior to the Fund’s liquidation. After the close of business on July 26, 2022, the Fund will liquidate any remaining shareholder accounts and will send shareholders the proceeds of the liquidation.
PLEASE KEEP THIS WITH YOUR PROSPECTUS
FOR FUTURE REFERENCE
MGN-EMEP-0522P
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NUVEEN EMERGING MARKETS EQUITY FUND
SUPPLEMENT DATED MAY 26, 2022
TO THE STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 1, 2021
Nuveen Emerging Markets Equity Fund will be liquidated after the close of business on July 26, 2022.
Effective June 24, 2022, the Fund will stop accepting purchases from new investors. Existing shareholders may continue to purchase Fund shares until July 14, 2022. Existing shareholders may continue to reinvest dividends and capital gains distributions received from the Fund. The Fund reserves the right to modify the extent to which sales of shares are limited prior to the Fund’s liquidation. After the close of business on July 26, 2022, the Fund will liquidate any remaining shareholder accounts and will send shareholders the proceeds of the liquidation.
PLEASE KEEP THIS WITH YOUR
STATEMENT OF ADDITIONAL INFORMATION
FOR FUTURE REFERENCE
MGN-EMESAI-0522P
Comments
After the TIAA bought old Nuveen in 2014, the TIAA has branded its entire fund management arm as Nuveen (new name only and it has nothing to with the old Nuveen), but has also kept the old Nuveen as separate operation in Chicago (except for some cross-selling/listing). The old Nuveen is big in CEFs (while TIAA had/has none) but has a struggling mutual fund/OEF operation.
So, TIAA decided to just kill the old Nuveen EM fund NEKAX / NEKIX rather than folding it into a comparable and much larger TIAA_CREF EM fund TEMRX / TEMLX. This may be telling about the other old Nuveen mutual funds/OEFs. My guess is that It may be easier to prune/trim staff this way - easier to tell people, sorry to let you go, but we have closed your operation.
It seems to me that TIAA has been more receptive of old Nuveen CEFs and ETFs. Old Nuveen's Chief Strategist Bob Doll also retired in 2021.