Nuveen Floating Rate Income Fund Class I (NFRIX)
| Fund Assets | 2.00B |
| Expense Ratio | 0.74% |
| Min. Investment | $100,000 |
| Turnover | 49.00% |
| Dividend (ttm) | 1.36 |
| Dividend Yield | 7.68% |
| Dividend Growth | -12.69% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 17.66 |
| YTD Return | -0.36% |
| 1-Year Return | 5.37% |
| 5-Year Return | 33.48% |
| 52-Week Low | 16.41 |
| 52-Week High | 17.76 |
| Beta (5Y) | 0.13 |
| Holdings | 403 |
| Inception Date | May 2, 2011 |
About NFRIX
Nuveen Floating Rate Income Fund is an open-end mutual fund specializing in generating a high level of current income for institutional investors. Its primary strategy focuses on investing in below investment grade, floating-rate loans and other floating-rate debt securities, with capital appreciation as a secondary goal. The fund typically allocates at least 80% of its assets to floating-rate instruments, which can include corporate loans, corporate debt, U.S. government securities, and money market securities. These floating-rate assets help mitigate interest rate risk, providing a way to seek stable yields even as interest rates fluctuate. Categorized under "Bank Loan" funds, Nuveen Floating Rate Income Fund plays a key role in offering exposure to credit markets and income-generating assets not typically correlated with traditional fixed-rate bonds. With a diversified portfolio of hundreds of holdings, its top allocations often include senior loan ETFs and corporate issuers across a range of industries. The fund maintains a low duration and targets limited interest rate sensitivity, aiming to serve investors seeking income, diversification, and a hedge against rising interest rates in their fixed-income allocation. Its institutional share class typically requires a significant minimum investment and offers monthly income distributions.
Performance
NFRIX had a total return of 5.37% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.09%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.097 | Apr 1, 2026 |
| Feb 27, 2026 | $0.097 | Mar 2, 2026 |
| Jan 30, 2026 | $0.097 | Feb 2, 2026 |
| Dec 31, 2025 | $0.107 | Dec 31, 2025 |
| Nov 28, 2025 | $0.107 | Dec 1, 2025 |
| Oct 31, 2025 | $0.1185 | Nov 3, 2025 |