Fund Evaluator:

Nuveen Emerging Markets Dbt Mgd Acc Com Overview

Nuveen Emerging Markets Dbt Mgd Acc Com (NEMDX) is an actively managed Taxable Bond Miscellaneous Fixed Income fund. Nuveen launched the fund in 2022.

The investment seeks total return. Under normal circumstances, the portfolio invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in fixed-income securities of emerging market issuers. The portfolio primarily invests in a broad range of sovereign, quasi-sovereign and corporate fixed-income securities rated B- or better but may invest up to 30% of its assets in fixed-income securities rated lower than investment grade or unrated securities of comparable quality as determined by the portfolio’s sub-adviser.

About Nuveen Emerging Markets Dbt Mgd Acc Com (NEMDX)

There are 2 members of the management team with an average tenure of 3.75 years: Katherine Renfrew (2022), Melissa Zaccagnino (2022). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: JPM EMBI Global Diversified TR USD index with a weighting of 100%. Nuveen Emerging Markets Dbt Mgd Acc Com has 125 securities in its portfolio. The top 10 holdings constitute 16.1% 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 Emerging Markets Dbt Mgd Acc Com is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Nuveen Emerging Markets Dbt Mgd Acc Com has 93.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 93.8% (0.0% domestic bond, 93.8% foreign bond and 0.0% convertible bond). Nuveen Emerging Markets Dbt Mgd Acc Com has 6.2% of the portfolio in cash.

Assets Under Management

The fund has $27 million in total assets, which is below the $734 million average for the Miscellaneous Fixed Income 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.

NEMDX 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 Emerging Markets Dbt Mgd Acc Com expense ratio is low compared to funds in the Miscellaneous Fixed Income category. Nuveen Emerging Markets Dbt Mgd Acc Com has an expense ratio of 0.00%, which is 100% 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 Emerging Markets Dbt Mgd Acc Com has a portfolio turnover rate of 39%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 115% for the Miscellaneous Fixed Income category.

Recently, in the month of July 2026, Nuveen Emerging Markets Dbt Mgd Acc Com returned -1.2%, which earned it a grade of D, as the Miscellaneous Fixed Income category had an average return of -0.7%. 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 Emerging Markets Dbt Mgd Acc Com has a trailing yield of 6.22%, which is above the 5.98% 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 Emerging Markets Dbt Mgd Acc Com Grades

Year to date, the fund has returned 0.8%, 0.8 percentage points worse than the category, which translates into a grade of D. The fund has returned 6.4% over the past year (grade of B) and 6.9% over the past three years (grade of B).

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