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With $1.1 trillion in assets under management as of Jun 30, 2023, Nuveen, LLC is a wholly-owned subsidiary of Teachers Insurance and Annuity Association of America. It 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 $478 billion of assets invested in fixed-income bonds.
Nuveen manages assets across a wide range of classes and products. Also, Nuveen offers financial services to its clients using a multi-boutique structure. The company provides these services through its independent team, comprising Nuveen Asset Management, Winslow Capital and Symphony.
Nuveen Global Infrastructure Fund invests most of its assets in equity securities issued by U.S. and non-U.S. infrastructure-related companies. FGIAX advisors also choose to invest in equity securities of emerging market issuers.
Nuveen Global Infrastructure Fund has three-year annualized returns of 4.5%. By the end of June 2023, FGIAX had 4.6% of its assets invested in Transurban Group.
Nuveen International Value Fund seeks to provide long-term capital appreciation by investing in equity securities of companies domiciled in countries other than the United States. NAIGX advisors choose to invest in securities of mid and large capitalizations.
Nuveen International Value has three-year annualized returns of 10.1%. James T. Stephenson has been one of the fund managers of NAIGX since February 2018.
Nuveen Short Duration Hi Yld Muni Bd Fund seeks high current income exempt from federal income taxes alongside capital appreciation by investing the majority of its assets in municipal bonds that pay interest exempt from regular federal personal income tax. NVHAX advisors maintain an investment portfolio with a weighted average effective duration of less than 4.5 years.
Nuveen Short Duration Hi Yld Muni Bd Fund has three-year annualized returns of 1.2%. NVHAX has an expense ratio of 0.77% compared with the category average of 0.92%.
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Top 3 Nuveen Mutual Funds for Stable Returns
With $1.1 trillion in assets under management as of Jun 30, 2023, Nuveen, LLC is a wholly-owned subsidiary of Teachers Insurance and Annuity Association of America. It 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 $478 billion of assets invested in fixed-income bonds.
Nuveen manages assets across a wide range of classes and products. Also, Nuveen offers financial services to its clients using a 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, viz., Nuveen Global Infrastructure Fund (FGIAX - Free Report) , Nuveen International Value Fund (NAIGX - Free Report) and Nuveen Short Duration Hi Yld Muni Bd Fund (NVHAX - Free Report) . Each has 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 mutual funds.
Nuveen Global Infrastructure Fund invests most of its assets in equity securities issued by U.S. and non-U.S. infrastructure-related companies. FGIAX advisors also choose to invest in equity securities of emerging market issuers.
Nuveen Global Infrastructure Fund has three-year annualized returns of 4.5%. By the end of June 2023, FGIAX had 4.6% of its assets invested in Transurban Group.
Nuveen International Value Fund seeks to provide long-term capital appreciation by investing in equity securities of companies domiciled in countries other than the United States. NAIGX advisors choose to invest in securities of mid and large capitalizations.
Nuveen International Value has three-year annualized returns of 10.1%. James T. Stephenson has been one of the fund managers of NAIGX since February 2018.
Nuveen Short Duration Hi Yld Muni Bd Fund seeks high current income exempt from federal income taxes alongside capital appreciation by investing the majority of its assets in municipal bonds that pay interest exempt from regular federal personal income tax. NVHAX advisors maintain an investment portfolio with a weighted average effective duration of less than 4.5 years.
Nuveen Short Duration Hi Yld Muni Bd Fund has three-year annualized returns of 1.2%. NVHAX has an expense ratio of 0.77% compared with the category average of 0.92%.
To view the Zacks Rank and the past performance of all Nuveen mutual funds, investors can click here to see the complete list of Nuveen mutual funds.
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