Nuveen Floating Rate Income Fund Class A (NFRAX)
| Fund Assets | 2.00B |
| Expense Ratio | 0.99% |
| Min. Investment | $3,000 |
| Turnover | 49.00% |
| Dividend (ttm) | 1.31 |
| Dividend Yield | 7.19% |
| Dividend Growth | -13.10% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 17.65 |
| YTD Return | -3.41% |
| 1-Year Return | 1.71% |
| 5-Year Return | 26.52% |
| 52-Week Low | 16.97 |
| 52-Week High | 18.30 |
| Beta (5Y) | n/a |
| Holdings | 403 |
| Inception Date | May 2, 2011 |
About NFRAX
The Nuveen Floating Rate Income Fund Class A is a mutual fund focused on generating high current income for investors by predominantly investing in below investment grade floating-rate loans and related securities. Its primary mandate involves allocating at least 80% of its assets towards such floating-rate instruments, which typically adjust their interest payments in response to prevailing short-term rates, offering a measure of protection against rising interest rate environments. Unlike traditional fixed-rate bonds, these investments are linked to benchmarks such as SOFR or LIBOR, providing income that shifts with market fluctuations. The fund also holds a diversified portfolio of corporate and government debt, including money market securities and short-term bond funds, with exposure across various sectors and industries. Nuveen Floating Rate Income Fund Class A serves investors seeking regular monthly income streams and aims to maintain a lower correlation with broader fixed-income markets, making it a potential complement within diversified portfolios. The fund’s active management approach enables it to adapt to changing market conditions and credit opportunities.
Performance
NFRAX had a total return of 1.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.79%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFHCX | Fidelity | Fidelity Series Floating Rate High Income Fund | n/a |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.093 | Apr 1, 2026 |
| Feb 27, 2026 | $0.093 | Mar 2, 2026 |
| Jan 30, 2026 | $0.093 | Feb 2, 2026 |
| Dec 31, 2025 | $0.103 | Dec 31, 2025 |
| Nov 28, 2025 | $0.103 | Dec 1, 2025 |
| Oct 31, 2025 | $0.1145 | Nov 3, 2025 |