1Pensions & Investments, 10 Jun 2024. Rankings based on total worldwide institutional assets as of 31 Dec 2023 reported by each responding asset manager, with 411 firms responding; updated annually. TIAA is the parent company of Nuveen.
2Pensions & Investments, 10 Jun 2024. Rankings based on emerging markets debt, U.S. institutional tax exempt assets managed internally as of 31 Dec 2023 reported by each responding asset manager; updated annually.
3As of 30 Jun 2024.
4AUM as of 30 Jun 2024. Nuveen assets under management is inclusive of underlying investment specialists. Totals may not equal 100% due to rounding.
5AUM as of 31 Mar 2025. Nuveen assets under management is inclusive of underlying investment specialists. Totals may not equal 100% due to rounding.
6Nuveen traces its history to 1898 when the company began underwriting municipal bonds, and TIAA was founded in 1918.
7For its stability, claims-paying ability and overall financial strength, Teachers Insurance and Annuity Association of America (TIAA) is a member of one of only three insurance groups in the United States to currently hold the highest rating available to U.S. insurers from all four leading insurance company rating agencies: A.M. Best (A++ as of 7/24), Fitch (AAA as of 8/24), Standard & Poor’s (AA+ as of 5/24), and Moody’s Investors Service (Aa1 as of 5/25). There is no guarantee that current ratings will be maintained. The financial strength ratings represent a company’s ability to meet policyholders’ obligations and do not apply to variable annuities or any other product or service not fully backed by TIAA’s claims-paying ability. The ratings also do not apply to the safety or the performance of the variable accounts, which will fluctuate in value.
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.
Debt or fixed income securities are subject to market risk, credit risk, interest rate/duration risk, call risk, tax risk, political and economic risk, derivatives risk, and income risk. As interest rates rise, bond prices fall and as interest rates fall, bond prices rise. Credit risk refers to an issuers ability to make interest and principal payments when due.
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.
