Nuveen Flexible Income Fund Class C (NWQCX)
Nuveen Flexible Income Fund Class C operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $20.19, up 0.15% on the session, giving a market capitalisation of $857.4M. Its beta of 0.85 implies it has historically moved less than the broad market.
The Nuveen Flexible Income Fund Class C strives to deliver a consistent stream of current income alongside capital growth for its investors. To achieve this, the fund allocates a minimum of 80% of its net assets to instruments that generate income. More specifically, at least 65% of its portfolio is concentrated in preferred stocks and various debt securities. The fund has complete discretion regarding its exposure to below-investment-grade securities, commonly known as "high-yield" or "junk" bonds, with no upper limit on such investments. Additionally, it may commit up to half (50%) of its net assets to U.S. dollar-denominated securities issued by entities outside the United States.
Nuveen Flexible Income Fund Class C is most often compared with the following Financial Services names: