As a participant in Nuveen’s enterprise-wide Business Continuity Plan (“Plan”), NWQ maintains comprehensive procedures reflecting the Firm’s commitment to plan for and to be prepared for significant business disruptions.
The Plan has been designed to address significant business disruptions affecting the Firm’s business operations and sets forth objectives for safeguarding employees, recovering and resuming operations, protecting books and records, and enabling communications with employees, clients, key service providers, and regulators.
The Plan’s primary business recovery strategy is to resume its critical business processes and provide employees with access to key systems and applications from remote locations, with minimal interruption, typically within the same day depending on the nature of the disruption. As such, pursuant to the Plan, NWQ maintains detailed procedures covering the Firm’s business processes and related employees necessary to continue operations during a business interruption. The most important aspects of NWQ’s investment advisory business are addressed in these procedures, including continued investment management and trading of client accounts, ongoing administrative, operational, technological, and legal/compliance support provided through Nuveen’s shared service platform, and maintaining communication with applicable parties.
In conclusion, the Plan addresses the steps the Firm will take to address our response and recovery from a business disruption in a systematic and organized fashion, while realizing that the effects of any disaster are difficult to predict, and the disruption of systems and processes on an industry wide basis will pose great challenges for any business continuity plan.
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities. The information does not take into account the specific objectives or circumstances of any investor, or suggest any specific course of action. Investment decisions should be made based on an investor's objectives and circumstances and in consultation with his or her advisors. All investments involve risk and there is no assurance that an investment will provide positive performance over any period of time. There is no assurance that downside protection will be achieved.
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