Fund Evaluator:
Nuveen Dividend Value I (FAQIX)
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Fund Details
Nuveen Dividend Value I Overview
Nuveen Dividend Value I (FAQIX) is an actively managed U.S. Equity Large Value fund. Nuveen launched the fund in 1994.
The investment seeks long-term growth of capital and income. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in dividend-paying equity securities of value companies. It invests in convertible securities in pursuit of both long-term growth of capital and income. The fund may invest up to 15% of its total assets in non-dollar denominated equity securities of non-U.S. issuers.
About Nuveen Dividend Value I (FAQIX)
There are 3 members of the management team with an average tenure of 3.78 years: Charles Carr (2026), Jon Bosse (2026), David Chalupnik (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Nuveen Dividend Value I has 68 securities in its portfolio. The top 10 holdings constitute 29.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Nuveen Dividend Value I is part of the Equity global asset class and is within the U.S. Equity fund group. Nuveen Dividend Value I has 2.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.8%. There is 2.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Nuveen Dividend Value I has 1.4% of the portfolio in cash.
Assets Under Management
The fund has $277 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FAQIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Nuveen Dividend Value I expense ratio is above average compared to funds in the Large Value category. Nuveen Dividend Value I has an expense ratio of 0.70%, which is 24% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Nuveen Dividend Value I has a portfolio turnover rate of 81%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of July 2026, Nuveen Dividend Value I returned 1.8%, which earned it a grade of D, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Nuveen Dividend Value I has a trailing yield of 1.18%, which is below the 1.20% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Nuveen Dividend Value I Grades
Year to date, the fund has returned 14.7%, 0.4 percentage points better than the category, which translates into a grade of C. The fund has returned 24.2% over the past year (grade of C), 15.2% over the past three years (grade of C) and 10.5% per year over the past five years (grade of D) and 10.6% per year over the past 10 years (grade of D).
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FAQIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FAQIX Return (NAV) | 1.8% | 6.6% | 24.2% | 15.2% | 10.5% | 10.6% |
| FAQIX Grade | D | C | C | C | D | D |
| +/- Category | -1.1% | 0.3% | 0.3% | -0.4% | -0.3% | -0.7% |
| Large Value Avg | 2.9% | 6.2% | 23.8% | 15.7% | 10.9% | 11.3% |
| FAQIX Tax Cost Ratio | na | na | 1.8% | 2.0% | 2.3% | 2.4% |
FAQIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FAQIX Return (NAV) | 14.7% | 14.8% | 12.5% | 11.2% | -6.2% | 25.8% | -4.3% | 26.4% | -9.1% | 17.3% | 18.4% |
| FAQIX Grade | C | C | D | C | C | C | F | B | C | C | A |
| +/- Category | 0.4% | -0.4% | -1.6% | -0.6% | -0.1% | 0.1% | -8.1% | 0.8% | -0.6% | 0.9% | 3.9% |
| Large Value Avg | 14.3% | 15.2% | 14.1% | 11.8% | -6.0% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 12.3% |
| Total Risk Index: | 1.01 - Average |
| Category Risk Index: | 1.02 - Above Average |
| Category Risk Grade: | D (64% Rank) |
| Beta: | 0.80 |
| R-Squared: | 72% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.2% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $3468 Mil |
| Fund Total Assets: | $ 277 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 81% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 10.8 years | |||
| Average Tenure: 3.8 years | |||
| Managers (Year): Chalupnik David (2015), Carr Charles (2026), Bosse Jon (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 68 |
| % in Top 10 Holdings: | 29.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.8% |
Portfolio Allocation |
|
| Domestic Stock: | 95.8% |
| Foreign Stock: | 2.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.4% |
Purchase Information
| Fund Family: | Nuveen |
| Phone Number: | 800-257-8787 |
| Website: | www.nuveen.com |
| Status: | Open |
| Inception Date: | August 2, 1994 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.70% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | Nuveen Dividend Value A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
