# Nuveen Floating Rate Income Fund Class R6 (NFRFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nfrfx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Nuveen · Asset class: Bond - Strategy: Thematic · Inception: 2015-01-28 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... ## Key Facts | Metric | Value | |---|---| | Price | $17.51 | | Expense Ratio | 0.68% | | Assets Under Management | $1.56B | | NAV | $17.51 | | Holdings Count | — | | Distribution Yield (TTM) | 6.99% | | Annual Distribution (TTM) | $1.22 /share | | Distribution Frequency | Monthly | | 52-Week Range | $17.51 – $18.03 | | Beta | 0.06 | ## Latest Distribution - Amount: $0.0985 /share - Ex-date: 2026-10-30 - Pay date: 2026-11-02 ## Frequently Asked Questions ### 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 6.99%, 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. ### Does NFRFX pay a dividend? Yes, Nuveen Floating Rate Income Fund Class R6 (NFRFX) distributes dividends to shareholders. The trailing-twelve-month yield is 6.99%. Full dividend history is on this page. ### How often does NFRFX pay dividends? Nuveen Floating Rate Income Fund Class R6 pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is NFRFX's next ex-dividend date? The most recently announced ex-dividend date for NFRFX was 2026-10-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will NFRFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.68% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NFRFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from NFRFX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NFRFX cost more than a fund like VOO? NFRFX's strategy (current expense ratio 0.68%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where NFRFX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to NFRFX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as NFRFX (0.68%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nfrfx - Distribution history: https://www.dividenddata.com/funds/nfrfx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nfrfx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nfrfx/expenses - Peer comparison: https://www.dividenddata.com/funds/nfrfx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.