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2 Pensions & Investments, 16 Oct 2017. Rankings based on institutional tax-exempt assets under management as of 30 Jun 2017 reported by each responding asset manager.
3 Morningstar Direct as of 30 Sep 2019.
4 As of 31 Dec 2019, Nuveen assets under management (AUM) is inclusive of underlying investment specialists.
5 As an asset class, real assets are less developed, more illiquid, and less transparent compared to traditional asset classes. Investments will be subject to risks generally associated with the ownership of real estate-related assets and foreign investing, including changes in economic conditions, currency values, environmental risks, the cost of and ability to obtain insurance, and risks related to leasing of properties.