The integration of legacy TIAA and Nuveen teams improved resources and leadership at Nuveen Strategic Income, but fixed-income CIO and lead manager Bill Martin’s departure at the end of 2020 means some time is needed to develop a full picture of the strategy’s leadership. All share classes retain their Morningstar Analyst Rating of Neutral.
Nuveen Strategic Income A FCDDX
NAV / 1-Day Return
11.15
/
0.01
%
Total Assets
651.5 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.
0.840%
Expense Ratio
0.840%
Fee Level
Low
Longest Manager Tenure
4.96
years
Category
Multisector Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
3,000
Status
Open
TTM Yield
3.28%
Effective Duration
3.95
years
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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 FCDDX 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 FCDDX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FCDDX 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 FCDDX’s parent organization’s priorities and whether they’re in line with investors’ interests.
New leadership.
