Fund Facts  

Inception Date: Sep 15, 2009
CUSIP: 67064Y297
Ticker Symbol: NQGIX
Morningstar Category:Global Large-Stock Value
As of Sep 30, 2022
Fund Net Assets ($millions) $123

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to provide high current income and long-term capital appreciation.

Principal Investment Strategies  

The fund will generally focus its investments on income producing securities. Normally, it will invest at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in equity securities, including common stock and preferred securities, certain debt securities convertible into common stock or preferred securities, and other securities with equity characteristics. Up to 20% of the fund's net assets may be invested in debt securities, including corporate debt securities and U.S. government and agency debt securities.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2022
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Nuveen Global Equity Incomea-7.77%-21.72%-16.15%1.70%1.27%5.72%6.52%
MSCI World Value Index (Net)a,b-7.25%-18.53%-12.67%1.76%2.21%6.14%N/A
Morningstar Global Large-Stock Valuea,c-9.03%-20.29%-15.86%1.60%1.95%5.50%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, participants or plan sponsors in a MissionSquare Retirement administered account can log in at www.missionsq.org, or institutions can go to www.investments.missionsq.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Fund Expensesa,d
Gross Expenses1.01%
Net Expenses0.86%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2022 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The MSCI World Value Index (Net) attempts to track the performance of the value sector of stock markets around the world. Value represents half of the market capitalizations of each country index, determined by price/book value (P/BV), from the standard MSCI country indices. The net version of this index reinvests dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

c. The Morningstar category average return represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

d. Differences between the net and gross expense ratios of a fund are typically due to fee waivers, expense reimbursements, and/or expense limits.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 30, 2022Sep 30, 2022$0.154300000
Jun 30, 2022Jun 30, 2022$0.369200000
Mar 31, 2022Mar 31, 2022$0.200600000
Dec 30, 2021Dec 30, 2021$0.555100000
Sep 30, 2021Sep 30, 2021$0.138500000
Jun 30, 2021Jun 30, 2021$0.247200000
Mar 31, 2021Mar 31, 2021$0.155900000
Dec 30, 2020Dec 30, 2020$0.154000000
Sep 30, 2020Sep 30, 2020$0.201100000
Jun 30, 2020Jun 30, 2020$0.179000000
Mar 31, 2020Mar 31, 2020$0.218900000
Dec 30, 2019Dec 30, 2019$0.080300000
Sep 30, 2019Sep 30, 2019$0.205500000
Jun 28, 2019Jun 28, 2019$0.299600000
Mar 29, 2019Mar 29, 2019$0.250600000
Dec 28, 2018Dec 28, 2018$0.098500000
Dec 17, 2018Dec 17, 2018$0.629400000
Sep 28, 2018Sep 28, 2018$0.139300000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2022
Period Stars Category Size
Overall 3 Stars156
3-Year 3 Stars156
5-Year 3 Stars148
10-Year 3 Stars89

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating/40% three–year rating for 60–119 months of total returns, and 50% 10–year rating/30% five–year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Sep 30, 2022
Equity Stylebox
Large Value
Allocation of Assets As of Aug 31, 2022
Type of Asset Percent
Equity95%
Fixed Income2%
Cash/Other4%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Aug 31, 2022
Asset ClassPercent
Domestic Stock51.3%
Foreign Stock43.4%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred1.5%
Convertible0.0%
Cash3.8%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 

Equity Sector As of Aug 31, 2022
SectorPercent
Financial Services20.4%
Healthcare18.9%
Industrials10.6%
Technology8.3%
Energy7.8%
Utilities7.3%
Basic Materials6.0%
Consumer Defensive5.8%
Communication Services4.5%
Consumer Cyclical4.0%
Real Estate1.1%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Country Exposure As of Aug 31, 2022
CountryPercent
United States51.3%
Germany9.0%
United Kingdom6.1%
Japan5.2%
Netherlands3.2%
Switzerland3.2%
Sweden3.0%
France2.8%
South Korea2.8%
Australia2.3%
Top Ten Holdings As of Aug 31, 2022
Holding NamePercent
Enterprise Products Partners LP3.3%
AstraZeneca PLC ADR3.2%
Elevance Health Inc3.0%
Nordea Bank Abp3.0%
Dominion Energy Inc2.9%
Chevron Corp2.5%
Wells Fargo & Co2.4%
Humana Inc2.3%
Deutsche Boerse AG2.3%
AbbVie Inc2.3%
 

Statistics

Portfolio Statistics As of Sep 30, 2022
Statistic3-Year5-Year
Beta1.001.00
Alpha-0.04-0.88
Standard Deviation19.9217.70
 
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, or log in at www.missionsq.org.

2.

Effective October 29, 2021, the Nuveen NWQ Global Equity Income Fund is now known as the Nuveen Global Equity Income Fund.

The source for this information is Morningstar, Inc. Copyright © 2022 Morningstar, Inc.™ All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with MissionSquare Retirement or its affiliates. MissionSquare Retirement does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.