div style="margin-top:6pt;"span style="color:#000000;font-family:times new roman;font-size:9.5pt"The Fund seeks to achieve its investment objective by employing /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"a “laddered” bond strategy, pursuant to which the Fund /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"invests/spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt;line-height:12.50pt" /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"in TIPS with different maturity dates (or “rungs”) through the /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"year 2045 (the “terminal year”). Generally, NTI implements the /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"Fund’s laddered bond strategy by investing the Fund’s assets in /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"approximately equal proportions (as measured by par value) /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"across the existing rungs at the time of investment to provide /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"periodic distributions to /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"Fund shareholders/spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt" in the form of /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"income and/or principal (based upon par value of the /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"underlying bonds) each year through the terminal year. The /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"Fund/spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"'/spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"s portfolio is currently/spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt" comprised of 20 rungs with clusters /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"of maturities throughout 2026 and each subsequent year /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"through 2045. As the bonds in a rung reach their final maturity, /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"the Fund generally will not reinvest the proceeds in bonds with /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"maturities in future rungs. The Fund will make a cash /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"distribution out of the available proceeds to Fund shareholders /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"which will primarily consist of the par value received from the /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"maturing bonds and may include a return of capital. Any such /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"return of capital distribution, which involves the return of a /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"portion of a shareholder’s investment, may be substantial. Upon /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"conclusion of the final rung in the terminal year, the Fund will /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"liquidate and distribute substantially all of its assets as described /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"more fully below./spanspan style="color:#000000;font-family:times new roman;font-size:6pt;line-height:6.00pt" /spanspan style="color:#000000;font-family:times new roman;font-size:6pt;line-height:6.00pt" /span/divdiv style="margin-top:6pt;"span style="color:#000000;font-family:times new roman;font-size:9.5pt"Under normal circumstances, the Fund will invest at least 80% /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"of its net assets (plus the amount of any borrowings for /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"investment purposes) in inflation-linked securities. Inflation-linked/spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt" securities include fixed and floating rate debt securities of /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"varying maturities issued by the U.S. government, its agencies /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"and instrumentalities, primarily TIPS, but also include other /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"inflation-related bonds whose principal value is periodically /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"adjusted according to the rate of inflation, which may be issued /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"by other entities such as corporations, municipalities, foreign /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"governments and foreign issuers./spanspan style="color:#000000;font-family:times new roman;font-size:6pt;line-height:6.00pt" /spanspan style="color:#000000;font-family:times new roman;font-size:6pt;line-height:6.00pt" /span/divdiv style="margin-top:6pt;"span style="color:#000000;font-family:times new roman;font-size:9.5pt"While the Fund intends to invest substantially all of its assets in /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"TIPS, if assets from one or more new creation orders are /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"received when the final cluster of bonds in a rung are at or near /span/divdiv style="line-height:12.50pt;margin-left:7pt;margin-top:0.00pt;text-align:left;"span style="color:#000000;font-family:times new roman;font-size:9.5pt"their maturity date (a “transition period”), the Fund may invest a /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"portion of those new assets in money market funds, cash and /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"cash equivalents, including, without limitation, U.S. Treasury /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"Bills and investment grade commercial paper (collectively, /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"“money market instruments”), with the remaining assets /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"invested in approximately equal proportions across the /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"remaining rungs. Such transition periods will be considered /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"other-than-normal circumstances, which may result in the Fund /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"temporarily deviating from the 80% policy specified above. Once /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"a transition period concludes, NTI will seek to invest any /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"unallocated cash or money market instruments in TIPS equally /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"across the remaining rungs./spanspan style="color:#000000;font-family:times new roman;font-size:6pt;line-height:6.00pt" /spanspan style="color:#000000;font-family:times new roman;font-size:6pt;line-height:6.00pt" /span/divdiv style="margin-top:6pt;"span style="color:#000000;font-family:times new roman;font-size:9.5pt"TIPS are securities issued by the U.S. Treasury that are designed /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"to provide inflation protection to investors. TIPS’ principal and /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"interest are linked to an official inflation measure (as measured /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"by the Consumer Price Index for All Urban Consumers Non-Seasonally/spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt" Adjusted, or CPI-U NSA) and the payments are /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"supported by the full faith and credit of the United States. /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"Investments in TIPS can provide investors with a hedge against /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"inflation, as such investments help preserve the purchasing /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"power of an investment over time by adjusting their principal /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"based on the CPI-U NSA. Because of this inflation adjustment /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"feature, TIPS typically have lower yields than conventional fixed-rate/spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt" bonds./spanspan style="color:#000000;font-family:times new roman;font-size:6pt;line-height:6.00pt" /spanspan style="color:#000000;font-family:times new roman;font-size:6pt;line-height:6.00pt" /span/divdiv style="margin-top:6pt;"span style="color:#000000;font-family:times new roman;font-size:9.5pt"The Fund will liquidate on or about the final maturity date of the /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"underlying bonds in the terminal year and the Fund will seek to /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"distribute substantially all of its assets at that time. The Fund will /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"liquidate without requiring additional approval by the Trust’s /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"Board of Trustees or shareholders of the Fund, although the /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"Fund reserves the ability to change the liquidation date./spanspan style="color:#000000;font-family:times new roman;font-size:6pt;line-height:6.00pt" /spanspan style="color:#000000;font-family:times new roman;font-size:6pt;line-height:6.00pt" /span/divdiv style="margin-top:6pt;"span style="color:#000000;font-family:times new roman;font-size:9.5pt"The Fund is not a “target date fund,” and therefore its investment /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"strategy does not become increasingly conservative over time./spanspan style="color:#000000;font-family:times new roman;font-size:6pt;line-height:6.00pt" /spanspan style="color:#000000;font-family:times new roman;font-size:6pt;line-height:6.00pt" /span/divdiv style="margin-top:6pt;"span style="color:#000000;font-family:times new roman;font-size:9.5pt"The Fund is “non-diversified” under the Investment Company /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"Act of 1940, as amended (the “1940 Act”), and may invest more /spanspan style="color:#000000;font-family:times new roman;font-size:9.5pt"of its assets in fewer issuers than “diversified” funds./spanspan style="color:#000000;font-family:times new roman;font-size:6pt;line-height:6.00pt" /span/div