Nuveen Floating Rate Income Fund Class I (NFRIX)
Nuveen Floating Rate Income Fund Class I operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $17.69, down 0.06% on the session, giving a market capitalisation of $1.59B. Its beta of 0.06 implies it has historically moved less than the broad market.
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.
Nuveen Floating Rate Income Fund Class I is most often compared with the following Financial Services names: