Nuveen Tradewinds Global All-Cap A (NWGAX) Fund

As part of international stock fund, Nuveen Tradewinds Global All-Cap A has performed better than its peers. It is considered as one of the best world stock funds. Details about the fund's review can be found below. Investor may use this equity fund as part of portfolio diversification.

Nuveen Tradewinds Global All-Cap A (MUTF: NWGAX)
The Nuveen Tradewinds Global All-Cap fund objective is to provide long-term capital appreciation. The fund usually invests majority of net assets (>80%) in equity securities of U.S. and non-U.S. companies. It invests between 40% and 75% of net assets in non-U.S. equity securities. This Nuveen fund also invests some of net assets (<25%) in equity securities of companies located in emerging markets. It invests in companies’ stocks located in at least 3 countries, including the United States. The fund invests <35% of net assets in equity securities of companies located in a single non-U.S. country. This fund doesn’t track any specific index benchmark.

NWGAX Fund Details
Nuveen Tradewinds Global All-Cap A (NWGAX) Fund
Nuveen Tradewinds Global All Cap
  • Fund Inception Date: March 28, 2006
  • Ticker Symbol: NWGAX
  • CUSIP: 67065W795                        
  • Beta (3yr): 0.85                
  • Rank in category (YTD): 89
  • Category: World Stock                  
  • Distribution: 1.72%                        
  • Capital Gains: N/A    
  • Number of Years Up: 3 years       
  • Number of Years Down: 1 year
  • Net Assets: $2.26 billion
updated on 8/9/2011

David B. Iben is the lead manager of this world stock fund since its inception in March 2006. Investor may invest in this fund using brokerage account or retirement account (IRA, 401k). To invest in the brokerage account, you will need $3,000 initial investment balance and $2,500 for IRA account. For subsequent investment, you only need $100 or more to add any new funding to your account, for either brokerage or IRA account. The fund has an annual expense ratio of 1.34%. This expense fee is comparable to the average expense fee in the World Stock category which is 1.47%. The 12b1 fee is 0.25% which is included in the expense ratio. This fund also has 5.75% front-end sales load.

This fund has returned 20.59% over the past 1 year and 11.06% over the past three years. It has recorded the best one year return in 2009 with 48.80% return. NWGAX has a 5-star rating from Morningstar for its 3 years contribution in positive return. This best rated world stock fund also has a dividend yield of 1.72% over the past 12 months. The average annual total return for the A Class since its inception is 12.01% (without sales charge).

Investor can purchase this top Nuveen fund from 70 brokerages include JP Morgan, Edward Jones, Vanguard, LPL SAM Eligible, Schwab Retail, Fidelity Retail Fundsnetwork, Ameriprise Brokerage, Firstrade, etc. The other classes of this fund are Class B (NWGBX), Class C (NWGCX), Class R3 (NGARX) and Class I (NWGRX).

As of June 30, 2011, the portfolio allocation of this best fund is 91.16% in common stocks, 8.01% in cash and equivalents and the remaining 0.83% in net other assets. The top 10 stock holdings are Cash Equivalent (State Street Repo), Newmont Mining Corp, Lilly Eli &Co, Electricite de France, Barrick Gold Corp, Cameco Corp, Microsoft Corp, Exelon Corporation, Nippon Telegraph and Telephone, and East Japan Railway Co.

United States and Japan are the top 2 countries in this fund. While the top 5 sectors of this fund are Materials (17.52%), Industrials (15.32%), Utilities (12.0%), Energy (10.58%) and Financials (9.13%).

Investing in this world equity fund involve investment risks such as
  • Market Risk/Smaller Company Risk
  • Non-U.S. Investment Risk/Emerging Markets Risk
  • Currency Risk


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