With nearly $1 trillion in assets under management as of Mar 31, 2020, 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 more than $498 billion of assets invested in municipal fixed income bonds.
Nuveen manages 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 funds.
Nuveen Municipal Total Return Managed Accounts (NMTRX - Free Report) aims to offer high current income that is exempted from regular federal income taxes. The fund invests the majority of assets in tax-free municipal bonds. It may also invest about half of its assets in below- investment-grade municipal bonds. NMTRX has three-year annualized returns of 4%.
Martin J. Doyle is the fund manager of NMTRX since 2007.
Nuveen Winslow Large-Cap Growth ESG Fund Class A (NWCAX - Free Report) aims for capital growth over a long period. The fund invests the majority of its assets in equity securities of companies based in the United States that have a market capitalization of $4 billion or more at the time of purchase. The fund’s adviser also considers a company’s Environmental, Social and Governance factors before investing in it. NWCAX returned 18.3% over the past three years.
NWCAX has an expense ratio of 0.98% compared with the category average of 1.05%.
Nuveen North Carolina Municipal Bond Fund Class C2 (FCNCX - Free Report) aims to provide a high level of current interest income, exempt from regular federal, North Carolina State and North Carolina local income taxes. The fund invests the majority of assets in investment-grade municipal bonds. FCNCX has three-year annualized returns of 2.7%.
As of the end of April 2020, FCNCX held 234 issues, with 2.16% of its assets invested in NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 0%.
To view the Zacks Rank and past performance of all Nuveen mutual funds, investors can click here to see the complete list of funds.
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