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Nuveen Tradewinds TMT Value Opportunities Fund plans launch
By Toni Weeks
San Diego, Feb. 23 - Nuveen Investment Trust II announced in an N-1A filing with the Securities and Exchange Commission its plans to launch the Nuveen Tradewinds TMT Value Opportunities Fund.
The fund will launch with class A, class C, class R3 and class I share classes. Ticker symbols have not yet been announced.
The fund is designed for investors seeking the potential for long-term capital appreciation. It will invest primarily in equity securities of companies expected to benefit from the development, advancement and use of technology, media and/or telecommunication services.
Under normal market conditions, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of U.S. and non-U.S. technology, media and telecom companies with market capitalizations higher than $100 million at the time of purchase.
The fund may invest up to 50% of its net assets in equity securities of companies located in emerging market countries, and no more than 50% of the net assets may be invested in equity securities of companies located in a single non-U.S. country.
Tradewinds Global Investors, LLC will be the fund's subadviser. The portfolio managers are Joann M. Barry, Ariane F. Mahler and Jae H. Chung.
Class A shares will impose a maximum sales charge of 5.75%. Class C shares are subject to a 1% deferred sales charge, which applies only to redemptions that occur within a year of purchase. There are no other shareholder fees. Management fees and total annual fund operating expenses have not yet been determined.
Chicago-based Nuveen Fund Advisors, Inc. will serve as the fund's investment adviser.
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