In order to develop new-typed multifunctional nanocomposites, fluorescent-electrical-magnetic trifunctional coaxial nanoribbons with tunable fluorescent color, including white-light emission, have been successfully fabricated via coaxial electrospinning technology. Each stripe of coaxial nanoribbon is composed of a Fe3O4/PMMA core and a [Eu(BA)3phen+Dy(BA)3phen]/PANI/PMMA (PMMA = polymethyl methacrylate, BA = benzoic acid, phen = phenanthroline, polyaniline = PANI) shell. X-ray diffractometry (XRD), field emission scanning electron microscopy (FE-SEM), biological microscopy (BM), vibrating sample magnetometry (VSM), energy dispersive spectrometry (EDS), Hall effect measurement system and photoluminescence (PL) spectroscopy were employed to characterize the coaxial nanoribbons. Emitting color of the coaxial nanoribbons can be tuned by adjusting the contents of Dy(BA)3phen, Eu(BA)3phen, PANI and Fe3O4 in a wide color range of blue-white-orange under the excitation of 273-nm single-wavelength ultraviolet light. The coaxial nanoribbons simultaneously possess excellent luminescent performance, electrical conduction and magnetism compared with the counterpart composite nanoribbons. Furthermore, the electrical and magnetic performances of the coaxial nanoribbons also can be tunable by adding different quantities of PANI and Fe3O4 nanoparticles, respectively. The obtained coaxial nanoribbons have promising applications in many areas, such as electromagnetic interference shielding, microwave absorption, molecular electronics, biomedicine, future nanomechanics and display fields.