We downgrade Nuveen Global Infrastructure’s People and Process Pillar ratings to Average and Below Average, respectively, as its long-standing lead manager Jay Rosenberg is set to retire. Overall, this strategy benefits from a solid investment approach shepherded by a well-resourced team, but frequent use of tactical macroeconomic moves means that this offering may be exposed to more market-timing risk than many peers. Its execution has relied heavily on Rosenberg’s skills and insights.
Nuveen Global Infrastructure A FGIAX
- NAV / 1-Day Return 10.75 / +0.84 %
- Total Assets 454.3 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.220%
- Distribution Fee Level Below Average
- Share Class Type Front Load
- Category Infrastructure
- Investment Style Large Blend
- Min. Initial Investment 3,000
- Status Open
- TTM Yield 2.25%
- Turnover 90%
USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:14 PM GMT+0
Morningstar’s Analysis FGIAX
Will FGIAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 30.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Aena SME SA | 4.71 | 21.2 Mil | Industrials |
Transurban Group | 4.05 | 18.2 Mil | Industrials |
Southern Co | 3.91 | 17.6 Mil | Utilities |
Enbridge Inc | 3.19 | 14.4 Mil | Energy |
Fixed Income Clearing Corp Repo | 3.10 | 14.0 Mil | Cash and Equivalents |
NextEra Energy Inc | 2.92 | 13.2 Mil | Utilities |
Williams Companies Inc | 2.59 | 11.7 Mil | Energy |
Cheniere Energy Inc | 2.59 | 11.7 Mil | Energy |
Republic Services Inc | 2.43 | 11.0 Mil | Industrials |
Auckland International Airport Ltd | 2.08 | 9.4 Mil | Industrials |