N UVEEN S ANTA B ARBARA G LOBAL D IVIDEND G ROWTH F UND

S UPPLEMENT D ATED M ARCH  1, 2013

T O T HE P ROSPECTUS D ATED N OVEMBER  30, 2012

The first paragraph of the section “General Information—Dividends, Distributions and Taxes” is deleted and replaced with the following sentence:

The Funds intend to pay income dividends quarterly and any taxable gains annually.

 

PLEASE KEEP THIS WITH YOUR

FUND’S PROSPECTUS

FOR FUTURE REFERENCE

MGN-SGDGS-0313P

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