Nuveen Floating Rate Income Fund Class A (NFRAX) Research
The fund primarily seeks to generate a high level of current income, with capital appreciation being a secondary objective. Under typical market conditions, it commits at least 80% of its net assets, including any funds borrowed for investment, to floating rate securities. These variable-rate investments encompass floating rate loans, other floating rate debt instruments from corporations and the U.S. government, money market securities, and shares of money market and short-term bond funds.
Market snapshot
- Symbol
- NFRAX
- Price
- $17.73
- Day change
- 0.00%
- Market cap
- $1.6B
- 52-week range
- 17.58-18.07
- Sector
- Financial Services
- Industry
- Asset Management - Income
Peer companies
- Allspring Diversified Capital Builder Fund Class A (EKBAX)
- American Funds Retirement Income Portfolio - Moderate Class F-1 (FBFWX)
- Fidelity SAI Conservative Inc Muncpl Bd (FSMJX)
- Gabelli Asset Fund (The) (GABAX)
- The Gabelli Dividend & Income Trust (GDV)
- JPMorgan SmartRetirement Blend Income Fund Class R5 (JIBBX)
- JPMorgan SmartRetirement Blend Income Fund Class I (JIJSX)
- Nuveen Floating Rate Income Fund Class C (NFFCX)
Open Nuveen Floating Rate Income Fund Class A (NFRAX) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.