Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced its Nuveen Growth Allocation Fund received a 4-Star Overall Morningstar Rating™ as of December 31, 2009. The fund, which recognized its five-year anniversary on December 9, 2009, is currently available through advisors at leading broker-dealers, banks, insurance companies, financial planning and investment consulting firms.
Managed by Nuveen affiliate, Nuveen Investment Solutions, the Nuveen Growth Allocation Fund was rated among U.S. Open-End World Stock funds. With respect to these 542 funds for the three-year period and 447 funds for the five-year period, the Nuveen Growth Allocation Fund received a Morningstar Rating of four stars as of December 31, 2009. Morningstar ratings are based on historical risk-adjusted returns which are not indicative of future results.
The Nuveen Growth Allocation Fund is designed to provide attractive long-term total return with a growth risk profile. The fund's managers employ sophisticated analytical methods to structure a variety of asset classes and investment managers. For more information about the Nuveen Growth Allocation Fund, visit http://www.nuveen.com/MutualFunds/Product/FundDetails.aspx?fundcode=NGVF.
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 more than $21 billion in 62 mutual funds, Nuveen Investments offers a broad range of fixed income, growth, value and global portfolios spanning a variety of objectives and investment styles. This fund is distributed by Nuveen Investments, LLC.
While the 4-Star Morningstar Rating™ for this fund applies to all share classes of the Nuveen Growth Allocation Fund, the fund's various share classes have different performance characteristics, fees and expenses. Past performance is no guarantee of future results. It is important to note that the fund experienced negative returns over the time period rated.
The Nuveen Growth Allocation Fund is a fund of funds that invests principally in shares of other registered investment companies, including open-end mutual funds and exchange-traded funds. The fund invests principally in underlying funds within the Nuveen family of funds; and the fund's investment performance and risks are directly related to the investment performance and risks of the underlying funds. An investor should carefully consider the risks of the underlying funds, which include but are not limited to, investment and market risk, interest rate risk, credit risk, foreign securities risk, and small company risk. There can be no assurance that the underlying funds will achieve their investment objectives. The fund and the underlying funds have operating expenses, and investors will bear not only their share of the fund's expenses, but also the fund's proportional share of the expenses of the underlying funds. As with any mutual fund, possible loss of principal is also a risk.
Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the fund carefully before investing.For a prospectus which contains this and other information relevant to an investment in the fund, please contact your securities representative or Nuveen Investments, LLC, 333 W. Wacker Drive, Chicago, IL 60606.Investors should read the prospectus carefully before they invest or send money.
About the Morningstar Rating™:
For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM 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%.
© 2009 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; 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.
Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions and high net worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of HydePark, NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, the Company managed $141 billion of assets on September 30, 2009. For more information, please visit the Nuveen Investments website at www.nuveen.com.
Contacts:
Nuveen Investments
Media Contact:
Kathleen
Cardoza
312-917-7813
KATHLEEN.CARDOZA@NUVEEN.COM
or
Kristyna
Sujata
312-917-8343
KRISTYNA.SUJATA@NUVEEN.COM