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Morningstar

Nuveen Floating Rate Income I NFRIX

Morningstar Analyst Rating
Analyst rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 17.81  /  0.13 %
  • Total Assets 1.9 Bil
  • Adj. Expense Ratio
    0.690%
  • Expense Ratio 0.710%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 5.72%
  • Effective Duration 0.21 years

USD | NAV as of Mar 21, 2023 | 1-Day Return as of Mar 21, 2023, 10:33 PM GMT+0

Morningstar’s Analysis NFRIX

Will NFRIX 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 NFRIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

Striking performance.

Analyst

Summary

| by Chiayi Tsui

Nuveen Floating Rate Income’s experienced lead manager remains at the helm, and a sizable research and trading group serves as the engine that drives the fundamentals-rooted process. A readiness to profit from market dislocations can give the strategy an aggressive air at times. It earns a Morningstar Analyst Rating of Neutral on all share classes except the most expensive, which is rated Negative.

Unlock our full analysis with Morningstar Investor

Portfolio Holdings NFRIX

More NFRIX Holdings
  • Current Portfolio Date Jan 31, 2023
  • Equity Holdings 29
  • Bond Holdings 420
  • Other Holdings 13
  • % Assets in Top 10 Holdings 14.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
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