We downgrade Nuveen Global Infrastructure’s People and Process Pillar ratings to Average and Below Average, respectively, as its long-standing lead manager Jay Rosenberg is set to retire. Overall, this strategy benefits from a solid investment approach shepherded by a well-resourced team, but frequent use of tactical macroeconomic moves means that this offering may be exposed to more market-timing risk than many peers. Its execution has relied heavily on Rosenberg’s skills and insights.
Nuveen Global Infrastructure I FGIYX
- NAV / 1-Day Return 11.16 / +0.45 %
- Total Assets 468.4 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.970%
- Distribution Fee Level Above Average
- Share Class Type Institutional
- Category Infrastructure
- Investment Style Large Blend
- Min. Initial Investment 100,000
- Status Open
- TTM Yield 2.48%
- Turnover 90%
USD | NAV as of Jul 05, 2024 | 1-Day Return as of Jul 05, 2024, 10:18 PM GMT+0
Morningstar’s Analysis FGIYX
Will FGIYX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 30.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Aena SME SA | 3.99 | 18.2 Mil | Industrials |
Transurban Group | 3.67 | 16.7 Mil | Industrials |
Southern Co | 3.66 | 16.7 Mil | Utilities |
NextEra Energy Inc | 3.51 | 16.0 Mil | Utilities |
Enbridge Inc | 3.43 | 15.6 Mil | Energy |
Cheniere Energy Inc | 2.95 | 13.5 Mil | Energy |
Xcel Energy Inc | 2.67 | 12.2 Mil | Utilities |
ONEOK Inc | 2.51 | 11.4 Mil | Energy |
Vinci SA | 2.13 | 9.7 Mil | Industrials |
Fixed Income Clearing Corp Repo | 2.11 | 9.6 Mil | Cash and Equivalents |