Nuveen traces its history to 1898 when the company began underwriting municipal bonds, and TIAA was founded in 1918.
Total credit research analysts Source Nuveen as of 30 Sep 2025.
Top 5 third-party manager of assets in municipal separately managed accounts based on Cerulli Associates, The Cerulli Report, U.S. Managed Accounts 2025. Data as of 31 Dec 2024, updated annually; most recent data available. Based on total assets; includes proprietary assets; does not include model separate accounts.
Top 5 largest municipal fund manager based on data from Nuveen, Morningstar Direct as of 30 Sep 2025. Based on total net assets of U.S. open end funds for the Nuveen Family of Funds, excluding exchange traded funds, money market funds and fund of funds. Based on a review of 631 fund families and 100 fund families with municipal bond assets.
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 your financial professional or Nuveen at 800.257.8787 or visit nuveen.com.
Important information on risk
Past performance is no guarantee of future results. All investments carry a certain degree of risk, including the possible loss of principal, and there is no assurance that an investment will provide positive performance over any period of time. Certain products and services may not be available to all entities or persons. There is no guarantee that investment objectives will be achieved.
Investors should be aware that alternative investments are speculative, subject to substantial risks including the risks associated with limited liquidity, the potential use of leverage, potential short sales, currency exchange rates, and concentrated investments and may involve complex tax structures and investment strategies. Alternative investments may be illiquid, there may be no liquid secondary market or ready purchasers for such securities, they may not be required to provide periodic pricing or valuation information to investors, there may be delays in distributing tax information to investors, they are not subject to the same regulatory requirements as other types of pooled investment vehicles, and they may be subject to high fees and expenses, which will reduce profits.
Investing in fixed income investments involves risks such as market risk, credit risk, interest rate/duration risk, call risk, tax risk, political and economic risk, derivatives risk, and income risk. Credit risk refers to an issuers ability to make interest and principal payments when due. Typically the value of, and income generated by, fixed income investments will decrease or increase based on changes in market interest rates. As interest rates rise, bond prices fall and as interest rates fall, bond prices rise. Income is only one component of performance and investors should consider all of the risk factors for an asset class.
Nuveen and its investment specialists do not provide tax advice.