Nuveen Diversified Currency Opportunities Fund, formerly Nuveen Multi-Currency Short-Term Government Income Fund, objective is to provide a level of current income and total return. The Fund focuses to invest directly and indirectly in a portfolio of short-term international Government securities. The Fund will invest approximately 50% of its assets directly in international short-term Government securities that are denominated in non-United States currencies and will not be currency hedged. Indirect investments in international non-United States Government securities are made by purchasing forward currency contracts and other derivative instruments that offer exposure to the returns of short-term international (non-United States) Government securities. Nuveen Fund Advisors, Inc. is the investment advisor.