Nuveen Dividend Growth Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Nuveen Dividend Growth Fund held 44 positions with $6.51B in net assets. Its ten largest holdings made up 40.9% of the fund. The NUDG share class costs 0.61% a year. Over the 12 months to May 2026, NUDG returned 10.5%, with dividends reinvested. In 2026 Q3 it added 4 new positions and exited 4.
The investment objective of the Fund is to seek an attractive total return comprised of income from dividends and long-term capital appreciation.
The fund invests at least 80% of its net assets in dividend-paying common stocks and preferred securities, with a sub-adviser conducting bottom-up fundamental analysis to identify high-quality companies based on business model strength, financial position, earnings growth, return on equity, management quality, dividend growth potential, valuation, and shareholder cash returns. The fund may hold small-, mid-, and large-cap stocks and up to 25% in non-U.S. dollar-denominated equities. Because the fund concentrates on higher-dividend-yield sectors to meet its income objective, it may hold a greater exposure to those sectors than the broad equity market.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
AAPLApple Inc | 6.39% | $415.56M | 1.5M | $271.35 |
MSFTMicrosoft Corp | 6.27% | $408.12M | 1.0M | $407.78 |
AVGOBroadcom Inc | 5.85% | $380.85M | 912.4K | $417.43 |
TSMTaiwan Semiconductor Manufacturing Co Ltd | 4.33% | $281.96M | 711.9K | $396.06 |
3.62% | $235.31M | 1.6M | $147.27 | |
3.60% | $233.94M | 746.9K | $313.23 | |
2.94% | $191.02M | 2.0M | $97.88 | |
WMTWalmart Inc | 2.84% | $184.59M | 1.4M | $131.93 |
2.52% | $163.90M | 373.3K | $439.03 | |
2.50% | $162.68M | 503.6K | $323.05 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 44 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.88% |
| Cash & short-term | 1.12% |
By sector
- Information Technology
- 26.3%
- Financials
- 13.8%
- Industrials
- 9.7%
- Health Care
- 8.9%
- 9 other sectors
- 41.2%
- Information Technology
- 26.3%
- Financials
- 13.8%
- Industrials
- 9.7%
- Health Care
- 8.9%
- Consumer Discretionary
- 8.8%
- Communication Services
- 7.0%
- Consumer Staples
- 6.1%
- Utilities
- 4.4%
- International
- 4.4%
- Energy
- 3.5%
- Materials
- 3.4%
- Real Estate
- 2.3%
- Other
- 1.4%
How it has done
NUDG share class · total returns with dividends reinvested
Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.91% | +10.54% | +48.03% | +54.61% | -7.65% | |
| 1.66% | +9.71% | +44.72% | +48.90% | -7.84% | |
| 0.66% | +10.81% | +49.13% | +56.57% | -7.61% | |
| 0.61% | +10.88% | +49.39% | +56.97% | -7.58% |
These classes hold the same portfolio, so the 8.08pp spread over 5 years is the cost difference between them — roughly 1.62pp a year — not a difference in what they own.
Fees & fund details
Nuveen Dividend Growth Fund is an actively managed U.S. equity fund. 17% of NUDG’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 96% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.61% – 1.66%· NUDG 0.61%
- Portfolio turnover
- 12.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
4 new
4 exited
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — NUDG, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”