Morningstar

Nuveen Floating Rate Income Fund Class R6 NFRFX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $17.55  /  +0.23 %
  • Fund Size $2.3B
  • Adjusted Expense Ratio 0.660%
  • Net Expense Ratio 0.650%
  • Fee Level: Distribution Average
  • Share Class Type Retirement, Large
  • Morningstar Category Bank Loan
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 6.91%
  • Average Effective Duration 0.60 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis NFRFX

Will NFRFX outperform in the 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 NFRFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NFRFX 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 NFRFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Prudent bank-loan investing backed by an experienced leader.

Associate Analyst Joe Bullard

Joe Bullard

Associate Analyst

Summary

Nuveen’s leveraged-finance group brings significant depth, and senior loans head Scott Caraher drives a thoughtful, risk-aware investment approach that allows room for opportunistic positioning. Increased confidence in Caraher and the team’s capabilities supports a People upgrade to Above Average from Average.

by Joe Bullard
Rated on Published on

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Portfolio Holdings NFRFX

More NFRFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
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