- Sector
- Financial Services
- Industry
- Asset Management
- Address
- CHICAGO IL 60606 Boston MA United States of America 02210
- IPO Date
- Jul 29, 1994
- Business
- Nuveen Small Cap Value Fund (FSCCX) is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in common stocks of small-capitalization companies, defined as those within the market capitalization range of the Russell 2000 Value Index; these investments target quality small-cap value equities trading at a discount to intrinsic value with identifiable catalysts for appreciation, employing a diversified, high active share portfolio managed through bottom-up qualitative research. The fund offers multiple share classes including Class I (FSCCX, minimum initial investment $100,000), Class A (FSCAX), and Class C (FSCVX), with a net expense ratio of 0.95%; it maintains a portfolio heavily allocated to U.S. equities (approximately 99%), spanning sectors such as financial services and diversified industries, with top holdings including Ameris Bancorp, Pinnacle Financial Partners, and Banner Corp. Launched on August 1, 1994, the fund operates under Nuveen Asset Management, LLC, a subsidiary of TIAA, with headquarters at 333 West Wacker Drive, Chicago, Illinois.
The fund serves investors seeking exposure to the U.S. small-cap value segment, primarily institutional and high-net-worth individuals through its share class structure; it is available for sale in the United States and focuses on domestic small-cap equities without significant non-U.S. exposure. Portfolio managers include Karen Bowie (since July 25, 2005) and David Johnson (since April 13, 2017), overseeing total net assets of approximately $270 million for the share class, with recent performance reflecting annualized returns of 6.55% over 10 years amid small value market dynamics.
In recent developments, the fund has maintained its core strategy without major structural changes such as name alterations, mergers, or reorganizations noted in the last 1-2 years; however, its parent organization Nuveen Real Estate achieved a final close of $650 million for its U.S. Strategic Debt Fund in December 2025, highlighting broader firm expansion into commercial real estate debt amid market opportunities, while Nuveen's Global Investment Committee outlined key 2026 themes including policy-driven growth and inflation management. No specific acquisitions, partnerships, funding rounds, or new product launches directly impact FSCCX operations recently, with focus remaining on active small-cap value management.