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4 Strong Buy Nuveen Mutual Funds to Boost Your Portfolio

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Nuveen Investments was founded in 1898 by John Nuveen and is headquartered in Chicago, Illinois. The company seeks to provide financial services to its clients by using the multi-boutique structure. With over $239.5 billion in assets under management (as of June 30, 2016), the company deals witha 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 $67.6 billion assets invested in mutual funds. Nuveen manages its assets across a wide range of asset classes and products.

Below we share with you fourbest-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. Investors can click here to see the complete list of Nuveen funds.

Nuveen NJ Municipal Bond A NNJAX seeks to maximize tax-free current income. FJMNX invests a major portion of its assets in municipal debt securities income from which are expected to be free from regular federal and New Jersey personal income tax. Nuveen NJ Municipal Bond A has a three-year annualized return of 7.6%.

NNJAX has an expense ratio of 0.81% as compared to the category average of 0.97%.

Nuveen Municipal Total Return Managed Accounts NMTRX invests the majority of its assets in municipal debt obligations that provide interest income exempted from federal personal income tax. NMTRX normally invests nearly 30% of its assets in below investment grade bonds. Nuveen Municipal Total Return Managed Accountshas a three-year annualized return of 9.7%.

Martin Doyle is the fund manager of NMTRX since May 2007.

Nuveen Real Estate Securities A FREAX seeks to offer growth of capital and income for the long run. FREAX invests the lion’s share of its assets in income generating securities of companies involved in the real estate industry. The fund aims to invest mainly in equity REITs, but might also invest in all the three types of REITs.Nuveen Real Estate Securities A has a three-year annualized return of 14.8%.

As of June 2016, FREAX held 102 issues, with 9.59% of its assets invested in Simon Property Group Inc.

Nuveen CA High Yield Municipal Bond A (NCHAX - Free Report) invests a large chunk of its assets in debt securities issued by municipal bodies that are expected to provide return free from regular federal and California personal income tax. NCHAX seeks a high level of tax-exempted current income.Nuveen CA High Yield Municipal Bond A has a three-year annualized return of 13%.

NCHAX has an expense ratio of 0.85% as compared to 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.

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