Fund Evaluator:

Nuveen Large Cap Select I Overview

Nuveen Large Cap Select I (FLRYX) is an actively managed U.S. Equity Large Blend fund. Nuveen launched the fund in 2003.

The investment seeks capital appreciation. 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 common stocks of large-capitalization companies, defined as companies that have market capitalizations of $5 billion or greater. It may invest up to 15% of its total assets in non-dollar denominated equity securities of non-U.S. issuers.

About Nuveen Large Cap Select I (FLRYX)

There are 2 members of the management team with an average tenure of 11.88 years: Kristian Siqueiros (2026), David Chalupnik (2003). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Lipper Large Core Fund Avg index with a weighting of 100%. Nuveen Large Cap Select I has 60 securities in its portfolio. The top 10 holdings constitute 39.5% 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 Large Cap Select I is part of the Equity global asset class and is within the U.S. Equity fund group. Nuveen Large Cap Select I has 2.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.1%. 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 Large Cap Select I has 0.2% of the portfolio in cash.

Assets Under Management

The fund has $11 million in total assets, which is below the $6 billion average for the Large Blend 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.

FLRYX 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 Large Cap Select I expense ratio is above average compared to funds in the Large Blend category. Nuveen Large Cap Select I has an expense ratio of 0.76%, which is 6% lower than its category average, making the fund expense ratio grade a C. 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 Large Cap Select I has a portfolio turnover rate of 70%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, Nuveen Large Cap Select I returned 0.3%, which earned it a grade of C, as the Large Blend category had an average return of 0.4%. 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 Large Cap Select I has a trailing yield of 0.37%, which is below the 0.56% 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 Large Cap Select I Grades

Year to date, the fund has returned 9.7%, 0.4 percentage points better than the category, which translates into a grade of C. The fund has returned 19.0% over the past year (grade of B), 19.1% over the past three years (grade of B) and 11.9% per year over the past five years (grade of C) and 14.8% per year over the past 10 years (grade of B).

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