Nuveen Investment Trust - Nuveen Large Cap Value Fund (NNGAX) is an open-end mutual fund that seeks favorable long-term total return, principally through capital appreciation, by investing primarily in equity securities of large domestic companies deemed undervalued. The Fund normally invests at least 80% of its assets in large-cap equity securities selected through a bottom-up process using comparative valuation criteria, including stock price-to-book value, price-to-earnings ratios, and dividend yield; particular emphasis is placed on companies exhibiting normalized earnings and high operating leverage; up to 20% of assets may be allocated to foreign securities. It operates within the large value segment of the U.S. equity market, targeting institutional and individual investors seeking value-oriented exposure, with shares available through broker-dealers and financial advisors across the United States.
Nuveen Investment Trust, the issuer, forms part of Nuveen, LLC, the investment management arm of TIAA founded in 1898 and headquartered in Chicago, Illinois, with global operations spanning over 30 countries. The Fund, with an inception date of August 7, 1996, maintains net assets of approximately $235 million and is managed by a team including professionals affiliated with Nuveen Fund Advisors, LLC, located at 333 West Wacker Drive, Chicago.
In recent developments, Nuveen completed the acquisition of Brooklyn Investment Group in June 2025, enhancing its multi-asset direct indexing and tax-managed solutions capabilities following a prior strategic partnership and minority investment in 2023. Additionally, in September 2025, Nuveen Private Capital announced a strategic partnership with Hunter Point Capital and Temasek, securing minority investments and long-term capital commitments to support its $87 billion private credit platform. In October 2025, Nuveen launched a Global Multi-Asset Infrastructure Platform to bolster its $340 billion private markets business across real estate, infrastructure, and private capital.