The integration of legacy TIAA and Nuveen teams improved resources and leadership at Nuveen Strategic Income, but the recent departure of former lead manager Bill Martin has kicked up more dust. It retains a Morningstar Analyst Rating of Neutral for all share classes.
Nuveen Strategic Income C FCBCX
NAV / 1-Day Return
10.86
/
0.09
%
Total Assets
826.8 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.590%
Expense Ratio
1.590%
Fee Level
Below Average
Longest Manager Tenure
5.86
years
Category
Multisector Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
3,000
Status
Open
TTM Yield
2.04%
Effective Duration
4.41
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FCBCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCBCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FCBCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FCBCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Change in leadership warrants a wait-and-see approach.
