In the year With $1.1 trillion in assets under management as of June 30, 2022, Nuven, LLC is a wholly owned subsidiary of Teachers Insurance and American Annuity Association. It manages a variety of mutual funds including both equity and fixed income funds and domestic and foreign funds. In the year Founded in 1898 by John Nuvin, the firm currently has more than $478 billion in assets invested in fixed income bonds.
Nuven manages assets across a range of asset classes and products. Nuven also offers financial services to its customers using a multi-boutique structure. The company provides these services through an independent group consisting of Nuveen Asset Management, Winslow Capital and Symphony.
Below, we share with you three top-rated mid-cap hybrid mutual funds. Nuven Mid Cap Value Fd FAXNuven Dividend Value F.D FFEFX and Nuveen Fixed Term Municipal Bond Fund FLTRX has each earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to view the full list of funds.
Nuven Mid Cap Value Fd It seeks capital appreciation by investing most of its net assets in common stocks of mid-cap companies. FACSX defines mid-cap companies as companies with a market capitalization within the range of companies on the Russell MidCap Index as of the last business day of the month in which the most recent revision was completed.
Nuven Mid Cap Value FD has three-year annualized returns of 9 percent. In the year As of July 2022, FACSX has 76 cases of 2.2% invested in Devon Energy.
Nuvin Dividend Value Fd It invests most of its net assets in equity securities. FFEFX invests in volatile securities in pursuit of both long-term capital and income growth, and invests a portion of its assets in dollar-denominated non-U.S. equity securities.
Nuveen Dividend Value Fund has three-year annualized returns of 6.7 percent. FFEFX has an expense ratio of 0.60% compared to the category average of 0.94%.
Nuveen Fixed Term Municipal Bond Fund By investing most of its assets in municipal bonds rated BBB/Baa or higher, it seeks periodic interest income that is exempt from federal income tax along with capital preservation. FLTRX invests in subprime municipal bonds, or junk bonds, among its assets.
The Nuven Limited Term Municipal Bond Fund has a three-year annualized return of 0.1%. Paul L. Brennan has been one of the FLTRX fund managers since 2006.
To view the Zack Rank and past performance of mid-cap hybrid mutual funds, investors can click here to view the full list of Nuvin Mutual Funds.
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