Nuveen Floating Rate Income I (NFRIX)
| Fund Assets | 2.02B |
| Expense Ratio | 0.75% |
| Min. Investment | $100,000 |
| Turnover | 49.00% |
| Dividend (ttm) | 1.29 |
| Dividend Yield | 7.30% |
| Dividend Growth | -13.84% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 17.71 |
| YTD Return | 0.95% |
| 1-Year Return | 4.98% |
| 5-Year Return | 33.29% |
| 52-Week Low | 17.60 |
| 52-Week High | 18.09 |
| Beta (5Y) | 0.12 |
| Holdings | 447 |
| 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 4.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.76%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.097 | Jul 1, 2026 |
| May 29, 2026 | $0.097 | Jun 1, 2026 |
| Apr 30, 2026 | $0.097 | May 1, 2026 |
| Mar 31, 2026 | $0.097 | Apr 1, 2026 |
| Feb 27, 2026 | $0.097 | Mar 2, 2026 |
| Jan 30, 2026 | $0.097 | Feb 2, 2026 |