Nuveen Floating Rate Income Fund Class A (NFRAX)
| Fund Assets | 1.58B |
| Expense Ratio | 0.99% |
| Min. Investment | $3,000 |
| Turnover | n/a |
| Dividend (ttm) | 1.48 |
| Dividend Yield | 8.05% |
| Dividend Growth | -9.47% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2025 |
| Previous Close | 17.82 |
| YTD Return | -0.21% |
| 1-Year Return | 5.92% |
| 5-Year Return | 44.77% |
| 52-Week Low | 17.56 |
| 52-Week High | 18.27 |
| Beta (5Y) | 0.20 |
| Holdings | 388 |
| Inception Date | May 2, 2011 |
About NFRAX
The investment seeks a high level of current income; capital appreciation is a secondary consideration. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in floating rate securities. Floating rate securities are defined to include floating rate loans, other floating rate debt securities including corporate debt securities and U.S. government securities, money market securities and shares of money market and short-term bond funds.
Performance
NFRAX had a total return of 5.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.39%.
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 |
Top 10 Holdings
20.30% of assets| Name | Symbol | Weight |
|---|---|---|
| BlackRock Liquidity Funds - T-Fund | TSTXX | 7.65% |
| Commscope Llc | n/a | 2.42% |
| Invesco Senior Loan ETF | BKLN | 2.41% |
| ZAYO GROUP HOLDI | ZAYO L 03.09.27 1 | 1.53% |
| Broadstreet Part | n/a | 1.28% |
| Genesys Cloud | n/a | 1.15% |
| SURGERY CENTER | SURCEN L 12.19.30 2 | 1.03% |
| Bmc Software Inc | n/a | 0.97% |
| Freeport Lng Inv | n/a | 0.94% |
| WIN WASTE INNOVA | WHETEC L 03.27.28 10 | 0.93% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2025 | $0.1145 | May 1, 2025 |
| Mar 31, 2025 | $0.1145 | Apr 1, 2025 |
| Feb 28, 2025 | $0.1145 | Mar 3, 2025 |
| Jan 31, 2025 | $0.1145 | Feb 3, 2025 |
| Dec 31, 2024 | $0.1145 | Dec 31, 2024 |
| Nov 29, 2024 | $0.1145 | Dec 2, 2024 |