Nuveen Floating Rate Income Fund Class A

Frequently Asked Questions About NFRAX

What does NFRAX invest in?

The fund primarily seeks to generate a high level of current income, with capital appreciation being a secondary objective. Under typical market conditions, it commits at least 80% of its net assets, including any funds borrowed for investment, to floating rate securities. These variable-rate investments encompass floating rate loans, other floating rate debt instruments from corporations and the U.S. government, money market securities, and shares of money market and short-term bond funds.

What is the expense ratio of NFRAX?

Nuveen Floating Rate Income Fund Class A (NFRAX) charges an expense ratio of 1.00%. This is the annual fee deducted from fund assets to cover management and operations.

What is NFRAX's dividend yield?

NFRAX's trailing-twelve-month yield is 6.63%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NFRAX?

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

What is the credit quality of NFRAX?

NFRAX'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 NFRAX?

Yield to maturity (YTM) is the total return you'd earn from NFRAX if every bond in the portfolio is held to maturity at the current price. NFRAX'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.