Nuveen Floating Rate Income Fund Class I

Frequently Asked Questions About NFRIX

What does NFRIX invest in?

This fund aims to provide a high level of ongoing income, with capital growth considered a secondary objective. Under normal market conditions, at least 80% of the fund's combined net assets and borrowed capital designated for investment will be allocated to floating rate securities. These variable-rate investments include floating rate loans, other debt instruments with adjustable interest rates (such as corporate and U.S. government securities), money market securities, and shares of money market and short-term bond funds.

What is the expense ratio of NFRIX?

Nuveen Floating Rate Income Fund Class I (NFRIX) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

What is NFRIX's dividend yield?

NFRIX's trailing-twelve-month yield is 6.90%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NFRIX?

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

What is the credit quality of NFRIX?

NFRIX'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 NFRIX?

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