Nuveen Credit Strategies Income Fund (JQC)
Nuveen Credit Strategies Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $4.85, up 0.00% on the session, giving a market capitalisation of $716.9M. On trailing twelve-month figures it carries a trailing P/E of 14.70, a net margin of 50.5%. Its beta of 0.37 implies it has historically moved less than the broad market.
The Nuveen Credit Strategies Income Fund, a closed-end balanced mutual fund, was established by Nuveen Investments, Inc. and is actively managed by Symphony Asset Management, LLC. This U.S.-domiciled fund, formed on June 25, 2003, and previously known as Nuveen Multi-Strategy Income & Growth Fund 2, strategically allocates capital within the fixed income and public equity markets of the United States. Its investment mandate specifically targets senior secured and second-lien loans, preferred securities, convertible securities, and other related instruments, with a primary objective to acquire investment-grade securities. Portfolio construction is grounded in a fundamental analysis approach, emphasizing bottom-up security selection. This analytical framework thoroughly considers elements such as prevailing interest rate levels, the evolving conditions and trends within both bond and equity markets, comparative valuations of preferred, convertible, and other debt instruments, alongside broader economic and market indicators like the overall economic outlook and inflation. The fund incorporates leverage into its operations and measures its performance against the Barclays Capital U.S. Aggregate Bond Index.
Nuveen Credit Strategies Income Fund is most often compared with the following Financial Services names: