We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
4 Top-Ranked Nuveen Mutual Funds for Higher Returns
Read MoreHide Full Article
With nearly $244.7 billion in assets under management (as of September 30, 2016), 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 nearly $70.1 billion assets invested in mutual funds. Nuveen manages its assets across a wide range of asset classes and products. Also, Nuveen offers financial services to its 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 Core Plus Bond A invests the lion’s share of its assets in bonds including government bonds, commercial and residential mortgage-backed securities, zero coupon bonds, corporate debt securities, municipal bonds and asset-backed securities. FAFIX seeks growth of capital. Nuveen Core Plus Bond A has a one-year annualized return of 6.6%.
Douglas Baker is one of the fund managers of FAFIX since 2016.
Nuveen High Income Bond A (FJSIX - Free Report) seeks income growth. FJSIX invests the majority of its assets in lower rated bonds commonly known as “junk bonds”. The fund may also invest a maximum of 20% of its assets in fixed and floating rate loans. Further, it may invest in exchange-traded funds, closed-end funds and investment companies. Nuveen High Income Bond A has a one-year annualized return of 25.3%.
FJSIX has an expense ratio of 1.03% as compared with the category average of 1.08%.
Nuveen All-American Municipal Bond A (FLAAX - Free Report) invests more than 80% of its assets in municipal debt securities that are free from federal personal income tax. These muni bonds are rated Baa/BBB or higher. FLAAX may also invest around one-fifth of its assets in “junk” bonds or high yield bonds. The fund seeks tax-exempted income. Nuveen All-American Municipal Bond A has a one-year annualized return of 0.9%.
As of December 2016, FLAAX held 984 issues, with 2.10% of its assets invested in Chicago Ill Brd Ed Dedicated C Cap Im 6%.
Nuveen Strategic Income A (FCDDX - Free Report) seeks to offer stable returns to its investors. FCDDX invests the bulk of its assets in debt securities like government debt securities, asset-backed securities, mortgage-backed securities, U.S. and non-U.S. corporate bonds and municipal bonds. Nuveen Strategic Income A has a one-year annualized return of 10.7%.
FCDDX has an expense ratio of 0.83% as compared with the category average of 1.04%.
Image: Bigstock
4 Top-Ranked Nuveen Mutual Funds for Higher Returns
With nearly $244.7 billion in assets under management (as of September 30, 2016), 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 nearly $70.1 billion assets invested in mutual funds. Nuveen manages its assets across a wide range of asset classes and products. Also, Nuveen offers financial services to its 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 four 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. Investors can click here to see the complete list of Nuveen funds.
Nuveen Core Plus Bond A invests the lion’s share of its assets in bonds including government bonds, commercial and residential mortgage-backed securities, zero coupon bonds, corporate debt securities, municipal bonds and asset-backed securities. FAFIX seeks growth of capital. Nuveen Core Plus Bond A has a one-year annualized return of 6.6%.
Douglas Baker is one of the fund managers of FAFIX since 2016.
Nuveen High Income Bond A (FJSIX - Free Report) seeks income growth. FJSIX invests the majority of its assets in lower rated bonds commonly known as “junk bonds”. The fund may also invest a maximum of 20% of its assets in fixed and floating rate loans. Further, it may invest in exchange-traded funds, closed-end funds and investment companies. Nuveen High Income Bond A has a one-year annualized return of 25.3%.
FJSIX has an expense ratio of 1.03% as compared with the category average of 1.08%.
Nuveen All-American Municipal Bond A (FLAAX - Free Report) invests more than 80% of its assets in municipal debt securities that are free from federal personal income tax. These muni bonds are rated Baa/BBB or higher. FLAAX may also invest around one-fifth of its assets in “junk” bonds or high yield bonds. The fund seeks tax-exempted income. Nuveen All-American Municipal Bond A has a one-year annualized return of 0.9%.
As of December 2016, FLAAX held 984 issues, with 2.10% of its assets invested in Chicago Ill Brd Ed Dedicated C Cap Im 6%.
Nuveen Strategic Income A (FCDDX - Free Report) seeks to offer stable returns to its investors. FCDDX invests the bulk of its assets in debt securities like government debt securities, asset-backed securities, mortgage-backed securities, U.S. and non-U.S. corporate bonds and municipal bonds. Nuveen Strategic Income A has a one-year annualized return of 10.7%.
FCDDX has an expense ratio of 0.83% as compared with the category average of 1.04%.
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.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>