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Take a Look at These Mutual Funds From the Nuveen Portfolio

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With nearly $970 billion in assets under management as of Dec 31, 2017, Nuveen Investments manages a wide range of mutual funds, including equity and fixed income funds, and domestic and foreign funds. Founded in 1898 by John Nuveen, the company currently has more than $305 billion of assets invested in equities globally.

Nuveen manages its assets across a wide range of asset classes and products. Also, it offers financial services to clients through 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. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform peers in the future. Investors can click here to see the complete list of Nuveen funds .

Nuveen Preferred Securities A NPSAX 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 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 three-year annualized returns of 5.8%.

As of January 2018, NPSAX held 165 issues with 3.16% of its assets invested in General Elec FRN.

Nuveen Municipal Total Return Managed Accounts NMTRX invests the majority of its assets in municipal debt obligations that provide interest income exempted from federal personal income tax. NMTRX normally invests nearly 30% of its assets in below investment grade bonds. Nuveen Municipal Total Return Managed Accounts has three-year annualized returns of 3.6%.

Martin Doyle is the fund manager of NMTRX since May 2007.

Nuveen All-American Municipal Bond Fund Class A FLAAX invests the lion's share of its assets in municipal debt securities that are free from federal personal income tax. These muni bonds are rated Baa/BBB or higher. FLAAX may also invest around one-fifth of its assets in "junk" or high yield bonds. The fund seeks tax-exempted income. Nuveen All-American Municipal Bond A has three-year annualized returns of 3.1%.

FLAAX has an expense ratio of 0.70% compared with the category average of 0.85%.

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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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