Founded in 1898 by John Nuveen, Nuveen Investments seeks to provide financial services to its clients by using the multi-boutique structure. With over $225.7 billion in assets under management, the company manages a wide variety of mutual funds including both equity and fixed income funds, and domestic and foreign funds. The company provides these services through its independent team comprising Nuveen Asset Management, Winslow Capital and Symphony. The company currently has nearly $61.2 billion assets invested in mutual funds. Nuveen manages its assets across a wide range of asset classes and products.
Below we share with you 4 top-rated Nuveen mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all Nuveen mutual funds, investors can click here to see the complete list of Nuveen funds .
Nuveen Winslow Large-Cap Growth A (NWCAX - Free Report) seeks growth of capital over the long run. NWCAX invests the lion’s share of its assets in equity securities of companies located in the U.S. NWCAX predominantly invests in securities of companies with market capitalization above $4 billion. NWCAX may also invest a maximum of 20% of its assets in securities of foreign companies. The Nuveen Winslow Large-Cap Growth A fund has a five-year annualized return of 9.6%.
NWCAX has an expense ratio of 1.01% compared with the category average of 1.18%.
Nuveen California Municipal Bond A (NCAAX - Free Report) invests a major portion of its assets in municipal debt obligations that provide interest income exempted from federal and California personal income tax. NCAAX invests in securities including bonds of the State of California or its affiliates, and debt obligations issued by the U.S. government. The Nuveen California Municipal Bond A fund has a five-year annualized return of 8.4%.
Scott R. Romans is the one of fund managers of NCAAX since 2003.
Nuveen Strategy Balanced Allocation A (FSGNX - Free Report) seeks capital appreciation and current income. FSGNX invests its assets in underlying funds. FSGNX allocate its assets in both equity and fixed income funds. However, FSGNX is expected to invest a larger portion of its assets in equity funds compared to that in fixed income funds. The Nuveen Strategy Balanced Allocation A fund has a five-year annualized return of 4.6%.
As of December 2015, FSGNX held 36 issues, with 10.65% of its assets invested in Nuveen Core Bond R6.
Nuveen Municipal Total Return Managed Accounts (NMTRX - Free Report) invests a major portion of its assets in municipal bonds that are expected to provide interest income free from regular federal personal income tax. NMTRX may invest a maximum of half of its assets in securities that are rated below investment grade. The Nuveen Municipal Total Return Managed Accounts fund has a five-year annualized return of 8%.
NMTRX has an expense ratio of 0.01% compared with the category average of 0.89%.
To view the Zacks Rank and past performance of all Nuveen mutual funds, investors can click here to see the complete list of Nuveen funds .
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at https://www.zacks.com/funds.