Nuveen Small Cap Value Fund Class C (FSCVX) is an open-end mutual fund that seeks capital appreciation by investing primarily in equity securities of small-capitalization companies exhibiting value characteristics. The fund maintains a diversified portfolio of small-cap equities, targeting quality companies trading at discounts to their intrinsic value where identifiable catalysts for revaluation are present; it employs a collaborative investment process blending fundamental and quantitative research across distinct value styles, including classic value, special situations, and deep value. Under normal market conditions, at least 80% of the fund's net assets plus any borrowings for investment purposes are allocated to common stocks of small-cap companies, defined by market capitalizations within the range of the Russell 2000 Index at its most recent reconstitution.
Nuveen Investments, the fund's sponsor and a subsidiary of TIAA, was founded in 1898 and is headquartered at 333 West Wacker Drive in Chicago, Illinois. The fund, part of Nuveen Investment Trust, offers multiple share classes including Class A (FSCAX), Class C (FSCVX), Class R6 (FSCWX), and others, catering to retail and institutional investors seeking exposure to U.S. small-cap value segments. Geographically, the fund focuses on U.S. domestic equities across sectors such as industrials, financial services, and basic materials, with top holdings including Resideo Technologies Inc., Ameris Bancorp, WESCO International Inc., and Commercial Metals Co.
The Class C shares were launched on January 29, 1999, evolving from strategies originally associated with NWQ Investment Management, which Nuveen integrated into its platform. Recent developments at Nuveen include portfolio management team transitions announced in February 2025 for certain closed-end funds, though the small-cap value team remains focused on its high active share approach without reported changes to FSCVX's strategy; broader firm expansions encompass strategic partnerships such as Nuveen Private Capital's September 2025 alliance with Hunter Point Capital and Temasek, alongside a $650 million final close for its U.S. strategic debt fund in December 2025.