Back to top
Read MoreHide Full Article

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. It provides these services through an independent team comprising Nuveen Asset Management, Winslow Capital and Symphony.

The company deals with a wide variety of mutual funds including both equity and fixed income funds, and domestic and foreign funds. In its Multi-Asset Solutions the company has $906 billion of assets under management. Nuveen manages its assets across a wide range of asset classes and products ranging from equity and alternative funds to municipal and taxable fixed income bond funds.

Below we share with you three best-ranked 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 Intermediate Duration Muni Bond A (NMBAX - Free Report) seeks a high level of interest income which is exempted from federal income taxes as well as capital preservation. NMBAX invests a bulk of its assets in muni bonds free from federal personal income tax. These muni bonds are generally rated Baa/BBB or higher. Nuveen Intermediate Duration Muni Bond A has a year-to-date return of 4.8%.

Paul Brennan is the fund manager of NMBAX since 2007.

Nuveen Preferred Securities A (NPSAX - Free Report) invests a major portion of its assets in preferred securities. NPSAX seeks a high level of current income. The advisor invests a minimum 25% of its assets in the preferred securities of companies primarily involved in financial services. The fund invests more than half of its assets in securities rated investment grade. Nuveen Preferred Securities A has a year-to-date return of 8.8%.

NPSAX has an expense ratio of 1.07% as compared to the category average of 1.22%.

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 year-to-date return of 3.7%.

As of June 2017, FCDDX held 337 issues, with 3.32% of its assets invested in Fed Natl Mort Assc 4%.

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 >>



More from Zacks Mutual Fund Commentary

You May Like