From Nuveen

Michael Mullane, CFA

Managing Director
Client Portfolio Manager
mmullane@nwq.com

Prior to re-joining NWQ in 2016, Michael was an investment strategist and client portfolio manager for Nuveen affiliate Tradewinds Global Investors, LLC. Prior to that, he was a client portfolio manager here at NWQ. Before joining us, Michael worked as an international and global equity analyst at Merrill Lynch, as an equity strategist at Commerzbank Securities and also has several years of industry experience working outside of the United States.

Michael graduated from the University of East Anglia in the U.K., with a B.S. in Mathematics with Economics. He received his M.B.A. with distinction from Warwick Business School. He earned his Chartered Financial Analyst designation and is a member of the CFA Institute.

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.

NWQ Investment Management Company, LLC

2049 Century Park East, Suite 1600 Los Angeles, CA, 90067

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