CHICAGO--(BUSINESS WIRE)--Nuveen Investments, a leading global provider of investment services to institutions as well as high-net-worth and affluent investors, today announced that Nuveen was named one of Barron’s Best Mutual Fund Families in its annual survey. In the 2011 survey featured in Barron’s February 7th issue, Barron’s ranked Nuveen #2 among the 57 leading mutual fund families for the one-year period ending December 31, 2010.
“We are deeply gratified by this recognition in Barron’s annual survey, as it demonstrates the deliberate and thoughtful approach we have taken to creating a high-quality family of mutual fund strategies to help investors and their advisors achieve their long-term investment goals,” said John Amboian, Chairman and CEO, Nuveen Investments. “Further, this ranking reflects the strength and success of each of our distinct investment teams which advisors and investors can access through Nuveen Investments’ well-respected fund distribution and service platform.”
“As a firm, we are very fortunate to be able to draw upon the deep expertise of all of our asset management affiliates, each following a rigorous and disciplined investment process,” added Thomas Schreier, Nuveen Investments’ Vice Chairman, Wealth Management. We offer a markedly broad range of actively managed strategies -- from fixed income to high-quality global equities, to value and growth equities as well as to other traditional and specialized equity investments.”
The Nuveen Investments family of mutual funds offers investing strategies managed with experience and discipline, each designed to contribute to a well-constructed diversified portfolio. With approximately $45 billion in more than 100 mutual funds as of January 31, 2011, Nuveen Investments draws upon the distinct investment strengths of its boutique institutional investment managers:
- NWQ Investment Management—Value Equities
- Nuveen Asset Management—Fixed Income, Equity and Specialty Strategies
- Santa Barbara Asset Management—Growth Equities
- Symphony Asset Management—Risk-Managed Equity and Credit Strategies
- Tradewinds Global Investors—Global Equities
- Winslow Capital—Large Cap Growth Equities
- Nuveen HydePark--Quantitative Investment Strategies
Partnering with mutual fund tracking firm Lipper, the Barron’s mutual fund family survey ranks best overall fund family performance. Nuveen was named among the top five in the list of best mutual fund families in Barron’s 2010 survey. In Barron’s 2011 survey, Nuveen ranked #10 among 53 mutual fund families and #24 among 46 mutual fund families for the five-year and ten-year periods ending December 31, 2010, respectively. Barron's is published by Dow Jones and Company.
To qualify for the Barron’s/Lipper Fund Survey, a fund group must have at least three funds in Lipper’s general U.S. Stock category as well as one in world equity, which combines global and international funds and one mixed equity fund, which holds stock and bonds; two taxable bond funds, and one tax-exempt offering. Fund returns include reinvested dividends and capital gains and do not reflect sales charges. It is important to note that past performance is no guarantee of future results.
There are risks inherent in any investment including the possible loss of principal. An investment in any mutual fund should be made with an understanding of the risks involved which may include, but are not limited to market risk, interest rate risk, and credit risk. To learn more about Nuveen Investments’ family of mutual funds, visit http://www.nuveen.com/MutualFunds. Funds distributed by Nuveen Investments, LLC.
Investors should consider the investment objectives and policies, risk considerations, charges and expenses of a fund carefully before investing. For a prospectus which contains this and other information relevant to an investment in the fund, please contact your securities representative or Nuveen Investments, LLC, 333 W. Wacker Drive, Chicago, IL 60606. Investors should read the prospectus carefully before they invest.
About Nuveen Investments
Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions, high-net-worth and affluent investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—NWQ, Nuveen Asset Management, Santa Barbara, Symphony, Tradewinds, Winslow Capital and Nuveen HydePark. In total, Nuveen Investments managed $197 billion as of December 31, 2010.* For more information, please visit the Nuveen Investments website at www.nuveen.com.
* Includes assets under management acquired from FAF Advisors, Inc. after the close of business on December 31, 2010. These assets are now managed by Nuveen Asset Management LLC, which is the successor firm to the portfolio management business of Nuveen Asset Management, Inc. and the long-term asset management business of FAF Advisors, Inc. following an internal reorganization and Nuveen Investment, Inc.’s acquisition of the long-term asset management business of FAF Advisors, Inc. from U.S. Bank National Association effective December 31, 2010.
Methodology used for ranking: Only funds with at least one year of performance were included. Returns were calculated minus the effects of sales charges and 12b-1 fees. Lipper measured each fund’s return against all funds in its Lipper category. Rankings were asset weighted, so larger funds had a greater impact on a fund family’s overall ranking, and then weighted by category, with each category assigned a percentage: general U.S. equity, 40.52%; world equity, 14.32%; mixed equity, 16.46%; taxable bond, 24.52%; tax-exempt bond, 4.18%. That leads to a percentile ranking (100 being the highest; 1 lowest). Finally, the score is multiplied by the weighting of its general classification, as determined by the entire Lipper universe of funds. The fund shop with the highest score wins, both for every category and overall. The same process is repeated for the five- and 10-year rankings.