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Separately Managed Accounts

Core Impact Bond

Nuveen
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Strategy description

A core bond strategy that seeks to deliver current income and capital appreciation through individual securities that demonstrate environmental, social and governance (ESG) leadership and a commingled fund that prioritizes direct and measurable environmental and social impact.

Target allocation:
    •40% Core Impact Bond Managed Accounts Portfolio1
    •60% individual government and corporate securities

Asset class: Global fixed income

For term definitions and index descriptions, please access the glossary in the footer.

At a glance



 
Benchmark Bloomberg U.S. Aggregate Bond Index
Portfolio composition

Broad fixed income market exposure:

  • Core Impact Bond Managed Account Portfolio (40%)
    -Investment grade corporates
    -Securitized sectors: MBS, CMBS, ABS
    -Municipal bonds, primarily taxable
    -High yield corporates
    -Emerging markets debt
  • Individual securities (60%)
    -Investment grade U.S. corporates exhibiting ESG leadership
    -U.S. Treasuries and U.S. agencies
Account minimum $350,000
Duration +/- 15% of benchmark's duration
Quality Predominantly investment grade
Core Impact Bond Managed Account Portfolio limitations

- Up to 40% allocation in account

- Up to 10% below investment grade

- Up to 40% in non-U.S. issuers, including up to 10-30% in emerging markets issuers

Investment process

 

Our process emphasizes systematic collaboration to pursue solid risk-adjusted returns over long-term time horizons. The global fixed income investment committee serves as a forum for debating investment views and developing relative value perspectives. The lead portfolio managers are accountable for portfolio construction, risk management and performance outcomes. Specialized teams of sector portfolio managers, analysts and traders cover the global fixed income markets and provide security positioning recommendations according to relative value, conviction, expected interaction with portfolio positions, and the mandate’s overall risk posture and investment objectives.

ESG is deeply embedded in the investment process, with an emphasis placed on direct and measurable impact plus ESG leadership. A portion of the portfolio is dedicated to impact investing in public markets with the use of proceeds directly financing environmental or social outcomes or the issuers. commitment and ability to deliver transparent impact reporting with agreeable scope and frequency. Our framework, in place since 2007, is materially aligned with the United Nations Sustainable Development Goals (SDGs) which were adopted in 2015.

 

            Resources

1. Core Impact Managed Accounts Portfolio is a specialized, registered investment portfolio offered only to Nuveen sponsored separately managed accounts. No direct offering or promotion of this portfolio is made hereby.

Environmental, social and governance (ESG) refers to three central factors in measuring the sustainability and ethical impact of an investment in a company or business.

Responsible investing incorporates Environmental Social Governance (ESG) factors that may affect exposure to issuers, sectors, industries, limiting the type and number of investment opportunities available, which could result in excluding investments that perform well.

A separately managed account (SMA) is a private portfolio of actively managed, individual securities that may be customized to achieve an individual investor's unique objectives.

SMA accounts typically require a minimum investment of $100,000 for equity and asset allocation strategies and $250,000 for fixed income strategies, although the specific minimum account size varies by program and may be subject to change. The manager may waive these minimums based on client type, asset class, pre-existing relationship with client and other factors. For certain accounts, a negotiated minimum annual fee applies. Please consult with your Nuveen Advisor Consultant for applicable minimums.

Financial professionals should independently evaluate the risks associated with products or services and exercise independent judgment with respect to their clients.

A word on risk

Investing involves risk; principal loss is possible. Debt or fixed income securities are subject to market risk, credit risk, interest rate risk, call risk, derivatives risk, dollar roll transaction risk and income risk. As interest rates rise, bond prices fall. Below investment grade or high yield debt securities are subject to liquidity risk and heightened credit risk. Preferred securities are subordinated to bonds and other debt instruments in a company’s capital structure and therefore are subject to greater credit risk. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, inflation, social, economic, political risks and different accounting standards, all of which may be enhanced in emerging markets of developing countries. Asset-backed and mortgage-backed securities are subject to additional risks such as prepayment risk, liquidity risk, default risk and adverse economic developments. These investments are subject to credit risk and potentially limited liquidity, as well as interest rate risk, currency risk, prepayment and extension risk, and inflation risk.

Nuveen Asset Management, LLC is a registered investment adviser and an affiliate of Nuveen, LLC.

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