- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 333 West Wacker Dr. Chicago IL United States of America 60606
- IPO Date
- Jan 29, 1999
- Business
- Nuveen Mid Cap Value Fund Class C (FACSX) is an open-end mutual fund managed by Nuveen Fund Advisors, LLC, a subsidiary of Nuveen, LLC, which provides investment management services focused on value-oriented equities. The fund seeks capital appreciation and income by investing primarily in common stocks of mid-capitalization companies, defined as those with market capitalizations between $2 billion and $10 billion at the time of purchase; it employs a fundamental research-driven approach emphasizing undervalued securities with sustainable competitive advantages, strong balance sheets, and attractive dividend yields. Core offerings include exposure to diversified mid-cap value sectors such as financials, industrials, consumer discretionary, and information technology, with portfolio holdings typically comprising 60 to 80 securities selected through bottom-up stock picking and quantitative screens; the fund also permits up to 20% in foreign securities and may use derivatives for hedging or efficient portfolio management.
Nuveen, the fund's sponsor, operates as a global investment management firm offering a broad range of mutual funds, exchange-traded funds (ETFs), closed-end funds, and separately managed accounts; it serves institutional and retail investors targeting fixed income, equities, alternatives, and multi-asset solutions. The firm was originally founded in 1898 as Nuveen Investments and is headquartered in Chicago, Illinois, with additional key offices in New York, London, and Hong Kong, enabling global operations across North America, Europe, and Asia-Pacific markets. Nuveen, a subsidiary of TIAA (Teachers Insurance and Annuity Association of America), manages over $1.2 trillion in assets under management as of late 2025, focusing on institutional clients, retirement plans, and high-net-worth individuals.
Recent developments include the 2023 acquisition of GrizzlyRock Capital, enhancing Nuveen's small- and mid-cap value capabilities through integration of specialized research teams; in 2024, Nuveen launched several active ETFs, including mid-cap value strategies, to expand retail access amid growing demand for lower-cost vehicles. The firm also announced strategic partnerships with fintech platforms for enhanced distribution and robo-advisory integrations in early 2025, alongside a reorganization of its equity platform to streamline mid-cap offerings under unified leadership. These changes reflect Nuveen's ongoing evolution toward scalable, technology-enabled investment solutions while maintaining its value investing heritage.