Back to top

Image: Bigstock

3 Nuveen Mutual Funds to Snap Up Today

Read MoreHide Full Article

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.

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 >>