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With nearly $1.1 trillion in assets under management as of Dec 31, 2019, Nuveen Investments manages a wide range of mutual funds, including both equity and fixed income funds, and domestic and foreign funds. Founded in 1898 by John Nuveen, the company currently has more than $498 billion of assets invested in municipal fixed income bonds.
Nuveen manages assets across a wide range of asset classes and products. Also, Nuveen offers financial services to clients by using the multi-boutique structure. The company provides these services through its independent team, comprising Nuveen Asset Management, Winslow Capital and Symphony.
Nuveen Municipal Total Return Managed Accounts (NMTRX - Free Report) aims to offer high current income that is exempted from regular federal income taxes. The fund invests majority of assets in tax-free municipal bonds. It may also invest about half of its assets in below- investment-grade municipal bonds. NMTRX has three-year annualized returns of 4.7%.
Martin J. Doyle is the fund manager of NMTRX since 2007.
Nuveen Strategic Income Fund Class A (FCDDX - Free Report) aims to maximize total return. The fund invests majority of assets in income-producing securities. Its investments include U.S. government securities, residential and commercial mortgage-backed securities, fixed and floating rate loans, preferred securities and municipal securities, etc. FCDDX has three-year annualized returns of 1.7%.
FCDDX has an expense ratio of 0.85% compared with the category average of 1.03%.
Nuveen North Carolina Municipal Bond Fund Class C2 aims to provide a high level of current interest income, exempt from regular federal, North Carolina State and North Carolina local income taxes. The fund invests majority of assets in investment-grade municipal bonds. FCNCX has three-year annualized returns of 2.9%.
As of the end of February 2020, FCNCX held 238 issues, with 2.44% of its assets invested in PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5%.
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3 Nuveen Mutual Funds for Striking Returns
With nearly $1.1 trillion in assets under management as of Dec 31, 2019, Nuveen Investments manages a wide range of mutual funds, including both equity and fixed income funds, and domestic and foreign funds. Founded in 1898 by John Nuveen, the company currently has more than $498 billion of assets invested in municipal fixed income bonds.
Nuveen manages assets across a wide range of asset classes and products. Also, Nuveen offers financial services to clients by using the multi-boutique structure. The company provides these services through its independent team, comprising Nuveen Asset Management, Winslow Capital and Symphony.
Below we share with you three top-ranked Nuveen mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) or #2 (Buy) and is expected to outperform peers in the future. Investors can click here to see the complete list of funds.
Nuveen Municipal Total Return Managed Accounts (NMTRX - Free Report) aims to offer high current income that is exempted from regular federal income taxes. The fund invests majority of assets in tax-free municipal bonds. It may also invest about half of its assets in below- investment-grade municipal bonds. NMTRX has three-year annualized returns of 4.7%.
Martin J. Doyle is the fund manager of NMTRX since 2007.
Nuveen Strategic Income Fund Class A (FCDDX - Free Report) aims to maximize total return. The fund invests majority of assets in income-producing securities. Its investments include U.S. government securities, residential and commercial mortgage-backed securities, fixed and floating rate loans, preferred securities and municipal securities, etc. FCDDX has three-year annualized returns of 1.7%.
FCDDX has an expense ratio of 0.85% compared with the category average of 1.03%.
Nuveen North Carolina Municipal Bond Fund Class C2 aims to provide a high level of current interest income, exempt from regular federal, North Carolina State and North Carolina local income taxes. The fund invests majority of assets in investment-grade municipal bonds. FCNCX has three-year annualized returns of 2.9%.
As of the end of February 2020, FCNCX held 238 issues, with 2.44% of its assets invested in PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5%.
To view the Zacks Rank and past performance of all Nuveen mutual funds, investors can click here to see the complete list of funds.
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