Nuveen AMT-Free Municipal Value Fund

Item 8.01. Other Events. Margot Kleinman has been named a portfolio manager of the Fund, effective February 27, 2026. Daniel Close and Kristen DeJong will continue to serve as portfolio managers of the Fund. Ms. Kleinman’s biography is presented below. Margot Kleinman, is Head of Research for the municipal fixed income team at Nuveen. She leads the firm's specialized municipal credit research team, which is among the largest and most experienced in the asset class. She is a thought leader across the platform and co-authors the “Munis in Your Community” series that explores the connection between effective municipal bond investing and Americans’ lived experience. Ms. Kleinman’s group was named the No. 1 team at the 2024 Smith's All-Star Municipal Analysts Awards. Ms. Kleinman is a member of the National Federation of Municipal Analysts and the Chicago Municipal Analysts Society. She is also a sponsor of the Women in Nuveen Program. Prior to joining the firm, she was a municipal credit analyst on the higher education and not for profit ratings team at Moody’s Investors Service. Ms. Kleinman graduated with a B.A. from the University of Pennsylvania and a M.P.A. from New York University. There will be no changes to the Fund’s investment objective or investment policies in connection with Ms. Kleinman’s addition.