NEW YORK--(BUSINESS WIRE)--Nuveen, the leading global investment manager of TIAA, was recognized as part of the 2020 Refinitiv Lipper Fund Awards for its investment excellence receiving top honors across 17 award categories, including Best Fixed Income Large Fund Company and Best Mixed Assets Large Fund Company.
“We are pleased that our investment teams are being lauded for their deep, specialist expertise that ultimately helps drive positive long-term performance,” said William Huffman, Head of Equities and Fixed Income at Nuveen. “This year’s Lipper awards showcase Nuveen’s breadth of investment capabilities and our ability to deliver competitive results for clients through a risk-managed approach across a diversity of asset classes.”
Nuveen, one of the world’s largest fixed income managers in the industry with nearly $500 billion in fixed income assets under management, was awarded the Best Fixed Income Large Fund Company award. The firm has expertise across a broad range of fixed income classes, including municipals, high-yield, emerging markets debt, corporates, and responsible investing. Its TIAA-CREF Emerging Market Debt Fund also received first-time individual fund recognition for delivering long-term investment results since its 5-year inception in Refinitiv Lipper’s Emerging Markets Hard Currency Debt Funds category.
For the first time in Lipper award history, Nuveen’s mixed assets team was recognized for the fifth year in a row with the Best Mixed Assets Large Fund Company award, as a result of the consistent, strong returns of its target risk funds and its target date funds, the TIAA-CREF Lifecycle Fund series and TIAA-CREF Lifecycle Index Fund series.
For more than 30 years, the Refinitiv 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 complete list of Lipper award honors received by Nuveen’s investment teams in 2020 are as follows:
Best Fixed Income Large Fund Company
Best Mixed Assets Large Fund Company
TIAA-CREF Emerging Markets Debt Fund Institutional, Emerging Markets Hard Currency Debt Funds, 5 years
TIAA-CREF Lifecycle 2010 Fund Institutional, Mixed-Asset Target 2010 Funds, 5 years
TIAA-CREF Lifecycle 2010 Fund Institutional, Mixed-Asset Target 2010 Funds, 10 years
TIAA-CREF Lifecycle Index 2060 Fund Institutional, Mixed-Asset Target 2060 Funds, 5 years
TIAA-CREF Real Estate Securities Fund Institutional, Real Estate Funds, 3 years
TIAA-CREF Real Estate Securities Fund Premier, Real Estate Funds, 5 years
Nuveen Equity Long/Short Fund I, Alternative Long/Short Equity Funds, 10 years
Nuveen California Intermediate Municipal Bond Fund I, California Intermediate Municipal Debt Funds, 3 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, 10 years
Nuveen High Yield Municipal Bond Fund I, High Yield 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 Real Asset Income Fund I, Real Return Funds, 5 years
For more information about Nuveen and its 2020 Refinitiv Lipper Fund awards, please visit www.nuveen.com/LipperAwards.
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 $1.1 trillion in assets under management as of 31 December 2019 and operations in 24 countries. Its investment specialists 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.
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. Nuveen Securities, LLC member FINRA and SIPC.
The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. Lipper Leaders fund ratings do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. For more information, see lipperfundawards.com. Lipper Fund Awards from Refinitiv, ©2020 Refinitiv. All rights reserved. Used under license. The Best Fixed Income Large Fund Company award pertains only to the Nuveen funds in the fixed-income category. The Best Mixed Assets Large Fund Company award pertains only to the TIAA-CREF mutual funds in the mixed-asset category. Certain funds have fee waivers in effect. Without such waivers ratings could be lower. Past performance does not guarantee future results. For current performance, rankings and prospectuses, please visit Nuveen.com.