Fund Evaluator:
Nuveen Global Infrastructure R6 (FGIWX)
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Fund Details
Nuveen Global Infrastructure R6 Overview
Nuveen Global Infrastructure R6 (FGIWX) is an actively managed Sector Equity Infrastructure fund. Nuveen launched the fund in 2016.
The investment seeks long-term growth of capital and income. The fund normally invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in equity securities issued by U.S. and non-U.S. infrastructure-related companies. It normally will invest at least 40% of its net assets in securities of non-U.S. issuers and, in any case, will invest at least 30% of its net assets in such issuers. The fund diversifies its investments among a number of different countries throughout the world. Up to 25% of the fund's total assets may be invested in equity securities of emerging market issuers.
About Nuveen Global Infrastructure R6 (FGIWX)
There are 4 members of the management team with an average tenure of 6.96 years: Tryg Sarsland (2012), Benjamin Kerl (2024), Jagdeep Ghuman (2019), Noah Hauser (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and S&P Global Infrastructure NR USD index with a weighting of 100%. Nuveen Global Infrastructure R6 has 70 securities in its portfolio. The top 10 holdings constitute 37.5% 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 Global Infrastructure R6 is part of the Equity global asset class and is within the Sector Equity fund group. Nuveen Global Infrastructure R6 has 43.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 53.7%. There is 43.0% 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 Global Infrastructure R6 has 3.0% of the portfolio in cash.
Assets Under Management
The fund has $106 million in total assets, which is below the $319 million average for the Infrastructure 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.
FGIWX 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 Global Infrastructure R6 expense ratio is high compared to funds in the Infrastructure category. Nuveen Global Infrastructure R6 has an expense ratio of 0.88%, which is 26% lower than its category average, making the fund expense ratio grade a A. 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 Global Infrastructure R6 has a portfolio turnover rate of 95%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 56% for the Infrastructure category.
Recently, in the month of July 2026, Nuveen Global Infrastructure R6 returned -1.4%, which earned it a grade of F, as the Infrastructure category had an average return of -0.3%. 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 Global Infrastructure R6 has a trailing yield of 3.08%, which is above the 1.93% category average. The fund normally distributes its income annually 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 Global Infrastructure R6 Grades
Year to date, the fund has returned 11.9%, 1.6 percentage points better than the category, which translates into a grade of B. The fund has returned 16.2% over the past year (grade of B), 14.4% over the past three years (grade of A) and 9.9% per year over the past five years (grade of A) and 8.5% per year over the past 10 years (grade of A).
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FGIWX 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 |
|
| FGIWX Return (NAV) | -1.4% | -2.3% | 16.2% | 14.4% | 9.9% | 8.5% |
| FGIWX Grade | F | B | B | A | A | A |
| +/- Category | -1.0% | 0.4% | 1.0% | 1.7% | 2.0% | 0.9% |
| Infrastructure Avg | -0.3% | -2.8% | 15.2% | 12.7% | 7.9% | 7.6% |
| FGIWX Tax Cost Ratio | na | na | 4.2% | 2.4% | 2.4% | 2.2% |
FGIWX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FGIWX Return (NAV) | 11.9% | 18.2% | 11.1% | 8.9% | -6.1% | 14.8% | -2.4% | 29.7% | -7.6% | 19.9% | 7.9% |
| FGIWX Grade | B | B | B | A | B | C | C | A | C | A | D |
| +/- Category | 1.6% | -0.1% | 2.1% | 4.6% | 0.6% | 0.4% | -1.8% | 2.6% | -0.1% | 2.9% | -1.0% |
| Infrastructure Avg | 10.3% | 18.3% | 9.0% | 4.2% | -6.6% | 14.5% | -0.6% | 27.1% | -7.5% | 17.1% | 8.8% |
| Risk Measures | |
| Standard Deviation: | 12.4% |
| Total Risk Index: | 1.01 - Average |
| Category Risk Index: | 0.93 - Low |
| Category Risk Grade: | A (9% Rank) |
| Beta: | 0.55 |
| R-Squared: | 31% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 3.1% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $578 Mil |
| Fund Total Assets: | $ 106 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 95% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 13.7 years | |||
| Average Tenure: 7.0 years | |||
| Managers (Year): Sarsland Tryg (2012), Ghuman Jagdeep (2019), Hauser Noah (2021), Kerl Benjamin (2024) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 70 |
| % in Top 10 Holdings: | 37.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 43.0% |
Portfolio Allocation |
|
| Domestic Stock: | 53.7% |
| Foreign Stock: | 43.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.3% |
| Cash: | 3.0% |
Purchase Information
| Fund Family: | Nuveen |
| Phone Number: | 800-257-8787 |
| Website: | www.nuveen.com |
| Status: | Open |
| Inception Date: | June 30, 2016 |
| Min. Initial Purchase: | $1,000,000 |
| 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 (%): | 0.88% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.19% |
| Share Class: | Nuveen Global Infrastructure I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
