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Nuveen Symphony Floating Rate Income Fund Receives Five-Star Morningstar Rating™

July 23, 2014

CHICAGO--(BUSINESS WIRE)-- Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced its Nuveen Symphony Floating Rate Income Fund received a Five-Star Morningstar Rating™ across the A LW, C and I share classes. The fund, which recognized its three-year anniversary on May 31, 2014, was rated against 158 funds in Morningstar’s Bank Loan fund category(1) asof June 30, 2014. This rating marks the fifth of Symphony’s six Morningstar-rated funds with a three-year history to receive a rating of four or five stars in at least one share class(2). The fund is currently available through advisors at leading broker-dealers, banks, insurance companies, financial planning and investment consulting firms.

“For those investors seeking diversification within their income portfolio, we are pleased that we can offer our fund which has achieved this rating from Morningstar and seeks higher income and total return potential in rising rate environments,” says Margo Cook, Executive Vice President, Nuveen Investments. “Our Symphony Asset Management affiliate is recognized as a leading credit manager, with a long history of strong performance through wide-ranging market environments. This highly-integrated team shares a deep focus on downside risk in the active management of this fund, which is particularly important in below investment grade credits.”

The fund seeks current income and capital appreciation by investing primarily in floating rate loans and other floating rate securities, a substantial portion of which will be rated below investment-grade. For more information about the Nuveen Symphony Floating Rate Income Fund including performance, holdings and related investment risks, visit

About Symphony Asset Management

Symphony Asset Management is a boutique investment manager that applies a team-based approach to rigorous fundamental research, valuation and risk analysis across the corporate capital structure, identifying and translating relative value into desired risk-reward outcomes for clients. Through proven investment acumen, responsive client service and advanced systems and support, Symphony evaluates all aspects of a company to identify where best to be invested: loans, high yield, convertibles or equity. As of March 31, 2014, Symphony managed more than $16 billion on behalf of retail and institutional investors. To learn more about Symphony’s other income-focused credit strategies, visit

Nuveen’s Family of Mutual Funds

The Nuveen Investments family of mutual funds offers a variety of investing strategies managed with experience and discipline. Each mutual fund is designed to contribute to a well-constructed diversified portfolio. With nearly $55 billion in approximately 100 mutual funds as of March 31, 2014, Nuveen Investments offers a broad range of taxable and tax-exempt fixed income, growth, value and global portfolios spanning a variety of objectives and investment styles. To learn more about Nuveen’s suite of mutual funds, including the firm’s robust line up funds that have received Morningstar’s Overall Rating of four or five stars, visit

(1) For the period ended June 30, 2014, Morningstar rated this fund’s I, A and C shares, for the overall and three-year periods. The Class I, C and A LW shares received 5 stars and the Class A shares received 4 stars among 158 High Yield Bond Funds, respectively (derived from a weighted average of the Fund’s three risk-adjusted return measures and Morningstar Ratings metrics).

(2) For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Within each asset class, the top 10%, the next 22.5%, 35%, 22.5%, and the bottom 10% receive 5, 4, 3, 2, or 1 star, respectively. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Each fund is rated exclusively against U.S. domiciled funds. The Overall Morningstar Rating™ is based on the weighted average of the number of stars assigned to the fund's applicable time periods. In cases where the fund has changed investment categories, its historical information is given less weight. If the fund has been in existence at least 10 years, the 10-year rating accounts for 50%, the 5-year for 30%, and the 3-year for 20%. If the fund has been in existence at least 5 years, but less than 10 years, the 5-year rating accounts for 60% and the 3-year for 40%. If the fund has been in existence for 3 years, but less than 5 years, the 3-year rating accounts for 100%.

The Morningstar information contained herein: (1) is proprietary to Morningstar; (2) may not be copied; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ©2014 Morningstar, Inc. All Rights Reserved. Past performance does not guarantee future results.

Mutual fund investing involves risk; principal loss is possible. Debt or fixed income securities such as those held by the fund, are subject to market risk, credit risk, interest rate risk, derivatives risk, liquidity 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. Foreign investments involve additional risks, including currency fluctuation, political and economic instability, lack of liquidity and differing legal and accounting standards. The value of the fund's convertible securities may decline in response to such factors as rising interest rates and fluctuations in the market price of the underlying securities. This fund is subject to loan settlement risk due to the lack of established settlement standards or remedies for failure to settle.

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 advisor or Nuveen Investments at 800.257.8787 or visit

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—Nuveen Asset Management, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments managed approximately $225 billion as of March 31, 2014. For more information, please visit the Nuveen Investments website at


Nuveen Investments

Media Contact:

Kristyna Munoz

(312) 917-8343


Source: Nuveen Investments

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