Nuveen Floating Rate Income C

Frequently Asked Questions About NFFCX

What does NFFCX invest in?

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.

What is the expense ratio of NFFCX?

Nuveen Floating Rate Income C (NFFCX) charges an expense ratio of 1.75%. This is the annual fee deducted from fund assets to cover management and operations.

What is NFFCX's dividend yield?

NFFCX's trailing-twelve-month yield is 5.87%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NFFCX?

Effective duration measures NFFCX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NFFCX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NFFCX?

NFFCX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of NFFCX?

Yield to maturity (YTM) is the total return you'd earn from NFFCX if every bond in the portfolio is held to maturity at the current price. NFFCX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.