- Sector
- Real Estate
- Industry
- Real Estate - General
- Address
- 333 West Wacker Dr. Chicago IL United States of America 60606
- IPO Date
- Jun 30, 1995
- Business
- Nuveen Real Estate Securities Fund Class I (FARCX) is an open-end mutual fund that seeks above average current income and a total return that exceeds that of the MSCI US REIT Index through investment primarily in income-producing equities of companies engaged in the real estate industry. The fund normally invests at least 80% of the sum of its net assets plus borrowings for investment purposes in equity securities, including common stocks, preferred stocks, and convertible securities, of U.S. and non-U.S. publicly traded companies principally engaged in real estate activities such as ownership, management, development, construction, financing, leasing, or sale of real estate; it emphasizes equity real estate investment trusts (REITs), with up to 15% of assets permitted in non-dollar denominated equity securities of non-U.S. issuers and up to 15% in emerging market issuers. Launched on June 30, 1995, and domiciled in the United States, the fund maintains total net assets of approximately $832 million, with the Class I share class at $472 million; it targets institutional investors with a minimum initial investment of $100,000 and charges a net expense ratio of 0.93%. Portfolio holdings are diversified across U.S. real estate sectors, with top allocations including Welltower Inc. (9.51%), Prologis Inc. (7.82%), Equinix Inc. (6.31%), Digital Realty Trust Inc. (4.50%), and Ventas Inc. (4.15%), comprising 32.29% of assets, and 98.50% in U.S. stocks. The fund is managed by Scott Sedlak (since 2011), Sarah Wade (since 2017), and Benjamin Kerl (since 2021) and is available for sale in the United States. Nuveen Real Estate Securities Fund operates as part of Nuveen Investment Funds, Inc., a subsidiary within the Nuveen platform managed on behalf of TIAA, with headquarters at 333 West Wacker Drive, Chicago, Illinois. In recent developments, Nuveen has pursued strategic growth, including a September 2025 minority investment partnership by Hunter Point Capital and Temasek in Nuveen Private Capital alongside a $650 million final close for its U.S. strategic debt fund focused on senior floating-rate loans for transitional real estate properties in December 2025, alongside personnel shifts such as the exit of senior executives in early 2025.