- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York NY 10017 New York NY United States of America 10017
- IPO Date
- Sep 30, 2009
- Business
- Nuveen Large Cap Responsible Equity Fund (TRPSX) is an open-end mutual fund that seeks a favorable long-term total return that reflects the investment performance of the U.S. equity markets, as represented by the S&P 500 Index, while giving special consideration to certain environmental, social, and governance (ESG) criteria. Under normal circumstances, the Fund invests at least 80% of its assets in large-cap equity securities that meet the Fund's ESG criteria; it favors companies with leadership in ESG performance relative to their peers and primarily holds U.S. stocks, with approximately 98% allocation to domestic equities as of recent data. The Fund offers multiple share classes, including Premier Class (TRPSX), Institutional (TICHX), and others, with a net expense ratio of 0.32% to 0.35%; it targets institutional investors, financial intermediaries, employer-sponsored retirement plans, and retail investors seeking responsible large-blend equity exposure.
Previously known as TIAA-CREF Social Choice Equity Fund, the Fund underwent a rebranding to Nuveen as part of TIAA's broader initiative effective May 1, 2024, aligning all TIAA-CREF Funds and TIAA-CREF Lifecycle Funds under the Nuveen name, TIAA's global asset manager. This rebranding, which included share class renaming—such as Institutional to R6, Advisor to I, and Retail to A effective May 6, 2024—facilitated interoperability for exchanges between legacy TIAA-CREF Funds and existing Nuveen Funds without altering investment objectives, strategies, risks, or fees. In March 2024, ahead of the rebranding, the Fund updated its benchmark to the S&P 500 Index, investment objective, and investment policy statement to enhance clarity and alignment with its ESG-integrated large-cap U.S. equity focus.
The Fund operates within the large-blend category of the U.S. asset management industry, with total net assets exceeding $6 billion and a low portfolio turnover of 15%; it maintains a diversified portfolio emphasizing ESG leadership in sectors across the broad U.S. equity market. Managed by a team including Philip Campagna (since 2005), Darren Tran (since 2022), and Nazar Romanyak (since 2024), the Fund is domiciled in the United States and available primarily through U.S. platforms, retirement plans, and financial intermediaries. It is part of the Nuveen fund family under TIAA, founded in 1918 and headquartered at 730 Third Avenue, New York, New York.