Nuveen Diversified Dividend and Income Fund's investment objectives are high current income and total return. The Fund invests approximately equal proportions in 1) U.S. and foreign dividend-paying common stocks, 2) dividend-paying common Real Estate Investment Trusts issued by real estate companies, 3) emerging markets sovereign debt, and 4) senior loans. The Fund expects to invest between 40% and 70% of its managed assets in equity security holdings and between 30% and 60% of its managed assets in debt security holdings. Under normal circumstances, the Fund's target weighting is approximately 50% equity and 50% debt. The Fund uses leverage.