Nuveen real asset income fund focuses on infrastructure, real estate

By Susanna Moon

Chicago, Sept. 12 - Nuveen Investment Funds, Inc. provided a registration statement for Nuveen Real Asset Income Fund, which invests in infrastructure and real estate, in an N-1A filing with the Securities and Exchange Commission.

The fund plans to invest at least 80% of its net assets in securities issued by real asset-related companies that are generating income at the time of purchase.

Real asset-related companies are those in the energy, telecommunications, utilities or materials sectors or those in real estate or transportation industries.

The companies may derive at least half of their revenue or profit from the ownership, management, operation, development, construction, financing or sale of real assets, or they may have at least half of the fair market value of their assets invested in real assets.

They may also be pooled investment vehicles that primarily invest in those companies or that are otherwise designed to provide investment exposure to real assets, the filing noted.

The fund will invest in both equity and debt, with up to 40% of its net assets in debt securities, including those rated lower than investment grade (BB/Ba or lower).

The fund also may invest in non-U.S. securities but will limit its exposure to emerging markets to half of its net assets at the time of purchase.

The fund may use derivatives, including options, futures contracts, options on futures contracts, and forward foreign-currency exchange contracts.

Nuveen Fund Advisors, Inc. is the investment adviser. Nuveen Asset Management, LLC is the sub-adviser.

The portfolio managers are Jay L. Rosenberg, managing director; John G. Wenker, managing director; and Jeffrey T. Schmitz, vice president.

The annual fund fee is 0.6% to 0.5250%, based on average daily net assets of $125 million to more than $2 billion.

Nuveen Investment Funds is based in Minneapolis.

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