Nuveen Large Cap Select Fund Class A (FLRAX) is a diversified large-cap core equity mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in common stocks of large-cap companies, blending growth and value styles across sectors such as technology, industrials, healthcare, financial services, and communication services. The fund offers Class A shares with a front-end load of 5.75%, a net expense ratio of 1.01%, and semi-annual distributions; it maintains a portfolio of approximately 63 holdings, with top positions including Microsoft Corp., NVIDIA Corp., Amazon.com Inc., Alphabet Inc., and Apple Inc., comprising about 29% of assets, and approximately 97% allocated to U.S. stocks. Managed by David Chalupnik since inception and Evan Staples since 2017, the fund targets institutional and retail investors through minimum initial investments of $3,000, with additional investments from $100.
Launched on January 31, 2003, and domiciled in the United States, FLRAX operates as part of Nuveen Investments, a subsidiary of TIAA headquartered in Chicago, Illinois, where Nuveen traces its origins to 1898 as a specialist in municipal bonds before expanding into equities and multi-asset strategies. The fund is available for sale primarily in the United States, with total net assets of approximately $43 million and Class A share class assets of $32 million as of recent data.
In recent developments, Nuveen completed the acquisition of Brooklyn Investment Group in June 2025, enhancing its direct indexing capabilities with multi-asset, tax-advantaged solutions following a 2023 strategic partnership and minority investment. Nuveen launched European private credit direct lending and global cities real estate strategies in October 2025, expanding private market offerings for qualified investors in Europe and Asia via partnerships like Arcmont Asset Management. Additionally, in early 2025, Nuveen introduced the AA-BBB CLO ETF (NCLO), broadening its alternatives platform.