Nuveen Flexible Income Fund Class A (NWQAX)
Nuveen Flexible Income Fund Class A operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $20.23, up 0.15% on the session, giving a market capitalisation of $857.4M. Its beta of 0.84 implies it has historically moved less than the broad market.
This fund's objective is to deliver both consistent income and capital growth. It commits a minimum of 80% of its total holdings to assets that generate revenue. Furthermore, at least 65% of its portfolio is dedicated to preferred shares and various types of fixed-income instruments. The fund has no upper limit on its allocation to speculative, lower-rated debt, frequently termed "high-yield" or "junk" bonds. Up to half of its net assets may also be placed in U.S. dollar-denominated securities issued by foreign corporations.
Nuveen Flexible Income Fund Class A is most often compared with the following Financial Services names: