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3 Best Nuveen Mutual Funds to Add to Your Portfolio
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With nearly $967 billion in assets under management as of Mar 31, 2018, 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 over $147 billion of assets invested in municipal fixed income bonds.
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 Symphony Credit Opportunities A (NCOAX - Free Report) seeks growth of income and capital. NCOAX invests a huge chunk of its assets in loans, convertible securities and bonds that are rated lower than investment-grade or even unrated. The fund invests in debt securities issued by both domestic and foreign companies. Nuveen Symphony Credit Opportunities A has three-year annualized returns of 4.9%.
As of June 2018, NCOAX held 281 issues, with 2.75% of its assets invested in BMC Sofware Financial Inc. 8.12%.
Nuveen International Growth A invests a major portion of its assets in foreign equity securities. The fund invests in equity securities of small-, mid- and large-cap companies. NBQAX seeks appreciation of capital for the long run. Nuveen International Growth A has three-year annualized returns of 5.7%.
NBQAX has an expense ratio of 1.14% as compared to the category average of 1.16%.
Nuveen High Yield Municipal Bond A (NHMAX - Free Report) seeks a high level of tax-exempted current income. NHMAX invests a huge chunk of its assets in debt securities issued by municipal bodies that are expected to provide returns free from regular federal personal income tax. Moreover, NHMAX may invest in long-term municipal debt securities that are rated below investment grade. Nuveen High Yield Municipal Bond A has three-year annualized returns of 6.2%.
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3 Best Nuveen Mutual Funds to Add to Your Portfolio
With nearly $967 billion in assets under management as of Mar 31, 2018, 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 over $147 billion of assets invested in municipal fixed income bonds.
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 three top-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 Symphony Credit Opportunities A (NCOAX - Free Report) seeks growth of income and capital. NCOAX invests a huge chunk of its assets in loans, convertible securities and bonds that are rated lower than investment-grade or even unrated. The fund invests in debt securities issued by both domestic and foreign companies. Nuveen Symphony Credit Opportunities A has three-year annualized returns of 4.9%.
As of June 2018, NCOAX held 281 issues, with 2.75% of its assets invested in BMC Sofware Financial Inc. 8.12%.
Nuveen International Growth A invests a major portion of its assets in foreign equity securities. The fund invests in equity securities of small-, mid- and large-cap companies. NBQAX seeks appreciation of capital for the long run. Nuveen International Growth A has three-year annualized returns of 5.7%.
NBQAX has an expense ratio of 1.14% as compared to the category average of 1.16%.
Nuveen High Yield Municipal Bond A (NHMAX - Free Report) seeks a high level of tax-exempted current income. NHMAX invests a huge chunk of its assets in debt securities issued by municipal bodies that are expected to provide returns free from regular federal personal income tax. Moreover, NHMAX may invest in long-term municipal debt securities that are rated below investment grade. Nuveen High Yield Municipal Bond A has three-year annualized returns of 6.2%.
John V. Miller is the fund manager since 2000.
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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