Fund description
The Nuveen Real Asset Income Fund seeks to provide a high level of income and the potential for capital appreciation by investing in infrastructure and real estate related securities (i.e. real assets) across the capital structure.
Investment process
- The Fund utilizes a team-based investment approach, drawing upon global infrastructure and real estate expertise across multiple market sectors. In addition, the team maintains a commitment to bottom up research as a driver of performance, with all members of the team actively involved in fundamental research.
- The strategy draws on the research capabilities of Nuveen Asset Management’s Real Asset and Global Taxable Fixed Income teams. The portfolio management team assesses profitability, contractual cash flow, visibility of earnings, and management team effectiveness, as well as geographical factors – regional growth prospects, valuation of the country, and the soundness of the regulatory framework. A premium is placed on companies whose revenues flow from tangible assets with long-term concessions and are therefore capable of producing steady, predictable cash flows.
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Past performance is not a reliable guide to future performance. Fund returns include the reinvestment of dividends, interest, and other earnings and the deduction of Fund operating expenses and management fees. Returns do not reflect the deduction of taxes and/or redemption fees.
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An investment in the Fund is subject, among other risks, to market risk or the risk that stocks in the portfolio will decline in response to such factors as adverse company news or industry developments or a general economic decline. Concentration in specific sectors such as infrastructure-related securities may involve greater risk and volatility than more diversified investments including greater exposure to adverse economic regulatory, political, legal and other changes affecting such securities. Dividends are not guaranteed. Securities investments in certain markets present additional risks, including currency fluctuation, political and economic instability, lack of liquidity, and differing legal and accounting standards. These risks are magnified in emerging markets. Stocks of small- and mid-cap companies often experience sharper fluctuations than stocks of large-cap companies. The potential use of derivatives involves a high degree of financial risk, including the risk that the loss on a derivative may be greater than the principal amount invested. There is no guarantee that the Fund will meet its investment objective. Past performance is not a reliable guide to future performance.