Nuveen NWQ Small/Mid-Cap Value’s team and approach haven’t offered a compelling risk/reward profile. As such, the strategy’s R6 shares are downgraded from a Morningstar Analyst Rating of Bronze to Neutral, where all other share classes remain.
Will NSMAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NSMAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the NSMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of NSMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.