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3 Zacks Rank #1 Nuveen Mutual Funds to Buy Now

With nearly $229.7 billion in assets under management (as of March 2016), Nuveen Investments manages a wide range of mutual funds including both equity and fixed income funds, and domestic and foreign funds. Founded in 1898 by John Nuveen, the company currently has nearly $63.6 billion assets invested in mutual funds. Nuveen manages its assets across a wide range of asset classes and products. Also, Nuveen offers financial services to its clients by using the 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-rated Nuveen mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. 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.

Nuveen High Yield Municipal Bond A (NHMAX) seeks a high level of tax-exempted current income. NHMAX invests a large chunk of its assets in debt securities issued by municipal bodies that are expected to provide return free from regular federal personal income tax. Moreover, NHMAX may invest in long-term municipal debt securities that are rated below investment grade. Nuveen High Yield Municipal Bond A has a three-year annualized return of 6.2%.

John V. Miller is the fund manager of NHMAX since 2000.

Nuveen Global Infrastructure A (FGIAX) invests the lion’s share of its assets in equity securities of companies having operations related to the infrastructure domain. FGIAX invests in securities of companies throughout the globe. A minimum of 40% of its assets belong to securities of foreign companies. FGIAX may also invest not more than 25% of its assets in emerging market securities. Nuveen Global Infrastructure A has a three-year annualized return of 6.1%.

As of February 2016, FGIAX held 143 issues, with 5.39% of its assets invested in Transurban Group.

Nuveen Minnesota Municipal Bond A (FJMNX) seeks to maximize tax-free current income. FJMNX invests a major portion of its assets in municipal debt securities income from which are expected to be free from regular federal and Minnesota personal income tax. Nuveen Minnesota Municipal Bond A has a three-year annualized return of 3.7%.

FJMNX has an expense ratio of 0.84% as compared to the category average of 0.96%.

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.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.


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