Nuveen Floating Rate Income Fund Class R6

Frequently Asked Questions About NFRFX

What does NFRFX invest in?

The Nuveen Floating Rate Income Fund Class R6 primarily aims to deliver substantial current income to investors. While some capital appreciation may occur, it is considered a secondary objective. Under typical market conditions, the fund commits a significant portion—at least 80%—of its total investment capital (derived from its net assets combined with any borrowed funds) to securities that feature variable interest rates. This category of floating-rate investments is broad, encompassing instruments such as floating rate loans, other types of variable-rate debt obligations (including those from corporations and the U.S. government), money market instruments, and shares in money market or short-term bond funds.

What is the expense ratio of NFRFX?

Nuveen Floating Rate Income Fund Class R6 (NFRFX) charges an expense ratio of 0.68%. This is the annual fee deducted from fund assets to cover management and operations.

What is NFRFX's dividend yield?

NFRFX's trailing-twelve-month yield is 6.98%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NFRFX?

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

What is the credit quality of NFRFX?

NFRFX'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 NFRFX?

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