NEW YORK--(BUSINESS WIRE)--Nuveen, a leading global investment manager, was recognized for its investment excellence at the 2018 Thomson Reuters Lipper Fund Awards.
Chief among these awards was Nuveen’s TIAA Investments which was named Best Overall Large Fund Company for an unprecedented sixth consecutive year. The family of mutual funds also received the Best Mixed Assets Large Fund Group award for the third year in a row, in large part due to the consistently strong performance of its TIAA-CREF Lifecycle Fund and TIAA-CREF Lifecycle Index Fund series.
In addition to these two major category awards, Nuveen received top honors across 26 individual fund categories.
“We are honored to receive this recognition from Lipper and are so proud of our investment colleagues who clearly demonstrate excellence in their respective asset classes,” said Vijay Advani, CEO of Nuveen. “We are committed to delivering a broad range of competitive investment solutions to the marketplace that seek to produce strong, consistent, risk-adjusted investment performance to our clients over the long term.”
For more than 30 years, the Thomson Reuters Lipper Fund Awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers. These awards recognize funds and fund management firms for their consistently strong risk-adjusted three-, five- and ten-year performance relative to their peers, based on Lipper’s proprietary performance-based methodology and fund families are recognized with asset class group awards for their superior firm-wide performance.
The awards won by Nuveen’s affiliates are as follows:
- TIAA Investments - Best Overall Large Fund Company Award
- TIAA Investments - Best Mixed Assets Large Fund Group Award
- Nuveen Small Cap Value Fund, I - Small-Cap Value Funds, 5 years
- Nuveen Equity Long/Short Fund, I - Alternative Long/Short Equity Funds, 5 years
- Nuveen All-American Municipal Bond Fund, I - General & Insured Municipal Debt Funds, 10 years
- Nuveen High Yield Municipal Bond Fund, I - High Yield Municipal Debt Funds, 5 years
- Nuveen California High Yield Municipal Bond Fund, I - California Municipal Debt Funds, 3 years
- Nuveen California High Yield Municipal Bond Fund, I - California Municipal Debt Funds, 5 years
- Nuveen Maryland Municipal Bond Fund, I - Maryland Municipal Debt Funds, 3 years
- Nuveen Maryland Municipal Bond Fund, I - Maryland Municipal Debt Funds, 10 years
- Nuveen Massachusetts Municipal Bond Fund, I - Massachusetts Municipal Debt Funds, 3 years
- Nuveen Massachusetts Municipal Bond Fund, I - Massachusetts Municipal Debt Funds, 10 years
- Nuveen Minnesota Municipal Bond Fund, I - Minnesota Municipal Debt Funds, 3 years
- Nuveen Minnesota Municipal Bond Fund, I - Minnesota Municipal Debt Funds, 5 years
- Nuveen Minnesota Municipal Bond Fund, I - Minnesota Municipal Debt Funds, 10 years
- Nuveen New Jersey Municipal Bond Fund, I - New Jersey Municipal Debt Funds, 10 years
- Nuveen Pennsylvania Municipal Bond Fund, I - Pennsylvania Municipal Debt Funds, 10 years
- Nuveen Virginia Municipal Bond Fund, I - Virginia Municipal Debt Funds, 3 years
- Nuveen Virginia Municipal Bond Fund, I - Virginia Municipal Debt Funds, 5 years
- Nuveen Virginia Municipal Bond Fund, I - Virginia Municipal Debt Funds, 10 years
- TIAA-CREF Lifecycle 2060 Fund - Mixed-Asset Target 2055+ Funds, 3 years
- TIAA-CREF Lifecycle 2040 Fund - Mixed-Asset Target 2040 Funds, 3 years
- TIAA-CREF Lifecycle 2050 Fund - Mixed-Asset Target 2050 Funds, 3 years
- TIAA-CREF Lifecycle 2045 Fund - Mixed-Asset Target 2045 Funds, 3 years
- TIAA-CREF Lifecycle Retirement Income Fund - Mixed-Asset Target Today Funds, 3 years
- TIAA-CREF Lifecycle Retirement Income Fund - Mixed-Asset Target Today Funds, 5 years
- TIAA-CREF Lifecycle 2010 Fund - Mixed-Asset Target 2010 Funds, 3 years
- TIAA-CREF Lifecycle 2010 Fund - Mixed-Asset Target 2010 Funds, 5 years
The calculation periods extend over 36, 60 and 120 months. The highest Thomson Reuters Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or ten years.
For more information about Nuveen and its 2018 Lipper awards, please visit www.nuveen.com/LipperAwards.
About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $970 billion in assets under management as of 12/31/17 and operations in 16 countries. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.
The Lipper Large Fund and the Mixed-Assets Large Fund Awards are given to the group with the lowest average decile ranking of three years’ Consistent Return for eligible funds over the three-year period with at least five equity, five bond, or three mixed-asset portfolios. Note these awards pertain to mutual funds within the TIAA-CREF group of mutual funds; other funds distributed by Nuveen Securities were not included.
Investing involves risk; principal loss is possible. There is no guarantee the Fund’s investment objectives will be achieved.
Before investing, carefully consider fund investment objectives, risks, charges and expenses. For this and other information that should be read carefully, please request a prospectus or summary prospectus from Nuveen at 800.752.8700 or visit www.nuveen.com.
The investment advisory services, strategies and expertise of TIAA Investments, a division of Nuveen, are provided by Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC. Securities offered through Nuveen Securities, LLC member FINRA and SIPC.
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