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Nuveen Flexible Income Fund
mutual fund
NWQAX
Payout Change
No Change
Price as of:
$19.12
+0.0
+0.0%
primary theme
U.S. Conservative/Balanced Allocation
share class
NWQAX (Mutual Fund)
Nuveen Flexible Income Fund
Payout Change
No Change
Price as of:
$19.12
+0.0
+0.0%
primary theme
U.S. Conservative/Balanced Allocation
share class
NWQAX (Mutual Fund)
Nuveen Flexible Income Fund
Payout Change
No Change
Price as of:
$19.12
+0.0
+0.0%
primary theme
U.S. Conservative/Balanced Allocation
share class
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
7.4%
1 yr return
10.2%
3 Yr Avg Return
0.4%
5 Yr Avg Return
2.2%
Net Assets
$1.12 B
Holdings in Top 10
18.3%
52 WEEK LOW AND HIGH
$19.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.03%
SALES FEES
Front Load 4.75%
Deferred Load N/A
TRADING FEES
Turnover 30.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$3,000
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
NWQAX - Profile
Distributions
- YTD Total Return 7.4%
- 3 Yr Annualized Total Return 0.4%
- 5 Yr Annualized Total Return 2.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.66%
- Dividend Yield 4.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameNuveen Flexible Income Fund
-
Fund Family NameNuveen Funds
-
Inception DateDec 09, 2009
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSusi Budiman
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets in income producing debt, preferred and convertible securities. Debt securities in which the Fund invests include corporate debt securities, mortgage-backed securities, taxable municipal securities and U.S. government and agency debt securities.
The Fund may invest without limit in below-investment-grade securities, commonly referred to as “high yield” securities or “junk” bonds.
The Fund may invest up to 10% of its net assets in equity securities other than preferred securities, including common stocks, real estate investment trusts (“REITs”), depositary receipts and other types of securities with equity characteristics. The Fund may write covered call options on equity securities to generate additional income. To manage market risk and credit risk in its portfolio, the Fund may make short sales of equity securities and may utilize derivatives, including credit default swap agreements. The Fund’s short sales may equal up to 10% of the value of the Fund’s net assets. The Fund may use all or a portion of the proceeds of its short sales to purchase additional portfolio securities.
The Fund’s investments may include debt securities, preferred units and common units issued by master limited partnerships (“MLPs”), provided that the Fund may not invest more than 10% of its net assets in common units of MLPs.
The Fund may invest in securities that have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) (“restricted securities”), including securities sold in private placement transactions between issuers and their purchasers and securities that meet the requirements of Rule 144A under the Securities Act (“Rule 144A securities”). Rule 144A securities may be resold under certain circumstances only to qualified institutional buyers as defined by the rule.
The Fund may invest up to 50% of its net assets in dollar-denominated securities issued by non-U.S. companies.
The Fund’s sub-adviser employs a rigorous, bottom-up research-focused investment process that seeks to identify undervalued companies with positive risk/reward characteristics and the potential for downside protection. The sub-adviser’s investment process focuses on the attractiveness of a particular security within a company’s capital structure. The sub-adviser may choose to sell securities or reduce positions if it feels that a company no longer possesses favorable risk/reward characteristics, attractive valuations or catalysts, if it identifies better alternatives within a company’s capital structure, or if a company suspends or is projected to suspend its dividend or interest payments.
NWQAX - Performance
Return Ranking - Trailing
| Period | NWQAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.4% | -3.4% | 20.8% | 91.85% |
| 1 Yr | 10.2% | 8.0% | 24.5% | 93.07% |
| 3 Yr | 0.4%* | -13.2% | 6.3% | 89.47% |
| 5 Yr | 2.2%* | -5.7% | 8.4% | 94.82% |
| 10 Yr | 4.3%* | -0.4% | 7.7% | 64.41% |
* Annualized
Return Ranking - Calendar
| Period | NWQAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.9% | -1.0% | 27.4% | 94.31% |
| 2022 | -19.2% | -35.0% | -7.4% | 80.45% |
| 2021 | 0.4% | -11.5% | 14.6% | 69.15% |
| 2020 | 0.3% | -10.3% | 40.7% | 85.01% |
| 2019 | 11.8% | -9.5% | 22.1% | 20.73% |
Total Return Ranking - Trailing
| Period | NWQAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.4% | -3.4% | 20.8% | 91.85% |
| 1 Yr | 10.2% | 8.0% | 24.5% | 93.07% |
| 3 Yr | 0.4%* | -13.2% | 6.3% | 89.47% |
| 5 Yr | 2.2%* | -5.7% | 8.4% | 94.82% |
| 10 Yr | 4.3%* | -0.4% | 7.7% | 64.41% |
* Annualized
Total Return Ranking - Calendar
| Period | NWQAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.6% | 2.6% | 28.2% | 80.20% |
| 2022 | -14.1% | -35.0% | -3.1% | 70.43% |
| 2021 | 4.7% | -11.5% | 32.0% | 92.03% |
| 2020 | 5.7% | -5.4% | 40.7% | 78.20% |
| 2019 | 18.7% | 4.5% | 27.7% | 9.80% |
NAV & Total Return History
NWQAX - Holdings
Concentration Analysis
| NWQAX | Category Low | Category High | NWQAX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.12 B | 305 K | 50.8 B | 33.58% |
| Number of Holdings | 161 | 2 | 4065 | 31.85% |
| Net Assets in Top 10 | 190 M | 309 K | 10.3 B | 63.21% |
| Weighting of Top 10 | 18.35% | 9.7% | 111.4% | 87.41% |
Top 10 Holdings
- State Street Navigator Securities Lending Government Money Market Portfolio 2.72%
- Citigroup Inc 2.30%
- Hewlett Packard Enterprise Co 2.22%
- Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 2.09%
- Vistra Corp 2.05%
- General Motors Co 1.60%
- Emera Inc 1.40%
- Charter Communications Operating LLC / Charter Communications Operating Capital 1.34%
- Regal Rexnord Corp 1.34%
- COLUMBIA PIPELINES OPCO 1.30%
Asset Allocation
| Weighting | Return Low | Return High | NWQAX % Rank | |
|---|---|---|---|---|
| Bonds | 79.72% | 0.00% | 79.72% | 0.25% |
| Preferred Stocks | 9.71% | 0.00% | 21.95% | 0.49% |
| Stocks | 8.93% | 0.00% | 100.11% | 91.11% |
| Convertible Bonds | 3.51% | 0.00% | 71.77% | 7.48% |
| Cash | 2.72% | -35.68% | 23.34% | 36.05% |
| Other | 0.70% | -0.20% | 61.47% | 13.09% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NWQAX % Rank | |
|---|---|---|---|---|
| Utilities | 25.04% | 0.00% | 48.33% | 2.01% |
| Healthcare | 17.14% | 0.00% | 24.25% | 3.27% |
| Industrials | 14.67% | 0.14% | 17.90% | 3.52% |
| Technology | 13.65% | 0.22% | 27.92% | 68.34% |
| Energy | 7.71% | 0.00% | 62.93% | 11.06% |
| Financial Services | 5.52% | 0.00% | 83.50% | 97.49% |
| Basic Materials | 5.20% | 0.00% | 32.82% | 16.08% |
| Consumer Defense | 4.24% | 0.00% | 18.62% | 91.71% |
| Consumer Cyclical | 3.52% | 0.00% | 14.20% | 91.46% |
| Communication Services | 1.70% | 0.00% | 11.11% | 96.48% |
| Real Estate | 1.60% | 0.00% | 43.16% | 94.22% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NWQAX % Rank | |
|---|---|---|---|---|
| US | 8.93% | 0.00% | 100.11% | 91.11% |
| Non US | 0.00% | 0.00% | 23.24% | 52.10% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | NWQAX % Rank | |
|---|---|---|---|---|
| Corporate | 96.66% | 0.00% | 96.66% | 0.25% |
| Cash & Equivalents | 2.72% | 0.00% | 23.34% | 34.81% |
| Derivative | 0.00% | -0.22% | 60.97% | 39.75% |
| Securitized | 0.00% | 0.00% | 52.08% | 93.77% |
| Municipal | 0.00% | 0.00% | 99.85% | 85.79% |
| Government | 0.00% | 0.00% | 63.33% | 96.76% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | NWQAX % Rank | |
|---|---|---|---|---|
| US | 79.72% | 0.00% | 79.72% | 0.25% |
| Non US | 0.00% | 0.00% | 7.66% | 47.16% |
NWQAX - Expenses
Operational Fees
| NWQAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.03% | 0.06% | 21.26% | 40.74% |
| Management Fee | 0.68% | 0.00% | 1.25% | 93.81% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 28.19% |
| Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
| NWQAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.75% | 1.00% | 5.75% | 64.18% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| NWQAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| NWQAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 30.00% | 2.00% | 380.00% | 48.38% |
NWQAX - Distributions
Dividend Yield Analysis
| NWQAX | Category Low | Category High | NWQAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.79% | 0.00% | 7.99% | 6.17% |
Dividend Distribution Analysis
| NWQAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| NWQAX | Category Low | Category High | NWQAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.66% | -1.22% | 6.83% | 7.27% |
Capital Gain Distribution Analysis
| NWQAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 30, 2024 | $0.077 | OrdinaryDividend |
| Nov 29, 2024 | $0.077 | OrdinaryDividend |
| Oct 31, 2024 | $0.077 | OrdinaryDividend |
| Sep 30, 2024 | $0.077 | OrdinaryDividend |
| Aug 30, 2024 | $0.077 | OrdinaryDividend |
| Jul 31, 2024 | $0.077 | OrdinaryDividend |
| Jun 28, 2024 | $0.077 | OrdinaryDividend |
| May 31, 2024 | $0.077 | OrdinaryDividend |
| Apr 30, 2024 | $0.077 | OrdinaryDividend |
| Mar 29, 2024 | $0.077 | OrdinaryDividend |
| Feb 29, 2024 | $0.077 | OrdinaryDividend |
| Jan 31, 2024 | $0.082 | OrdinaryDividend |
| Dec 28, 2023 | $0.082 | OrdinaryDividend |
| Nov 30, 2023 | $0.082 | OrdinaryDividend |
| Oct 31, 2023 | $0.082 | OrdinaryDividend |
| Sep 29, 2023 | $0.082 | OrdinaryDividend |
| Aug 31, 2023 | $0.082 | OrdinaryDividend |
| Jul 31, 2023 | $0.082 | OrdinaryDividend |
| Jun 30, 2023 | $0.082 | OrdinaryDividend |
| May 31, 2023 | $0.082 | OrdinaryDividend |
| Apr 28, 2023 | $0.082 | OrdinaryDividend |
| Mar 31, 2023 | $0.082 | OrdinaryDividend |
| Feb 28, 2023 | $0.082 | OrdinaryDividend |
| Jan 31, 2023 | $0.082 | OrdinaryDividend |
| Dec 29, 2022 | $0.301 | OrdinaryDividend |
| Nov 30, 2022 | $0.082 | OrdinaryDividend |
| Oct 31, 2022 | $0.078 | OrdinaryDividend |
| Sep 30, 2022 | $0.078 | OrdinaryDividend |
| Aug 31, 2022 | $0.078 | OrdinaryDividend |
| Jul 29, 2022 | $0.078 | OrdinaryDividend |
| Jun 30, 2022 | $0.078 | OrdinaryDividend |
| May 31, 2022 | $0.078 | OrdinaryDividend |
| Apr 29, 2022 | $0.078 | OrdinaryDividend |
| Mar 31, 2022 | $0.078 | OrdinaryDividend |
| Feb 28, 2022 | $0.078 | OrdinaryDividend |
| Jan 31, 2022 | $0.078 | OrdinaryDividend |
| Dec 30, 2021 | $0.078 | OrdinaryDividend |
| Nov 30, 2021 | $0.078 | OrdinaryDividend |
| Oct 30, 2021 | $0.078 | OrdinaryDividend |
| Sep 30, 2021 | $0.078 | OrdinaryDividend |
| Jul 30, 2021 | $0.078 | OrdinaryDividend |
| Jun 30, 2021 | $0.078 | OrdinaryDividend |
| May 28, 2021 | $0.078 | OrdinaryDividend |
| Apr 30, 2021 | $0.078 | OrdinaryDividend |
| Mar 31, 2021 | $0.078 | OrdinaryDividend |
| Feb 26, 2021 | $0.078 | OrdinaryDividend |
| Jan 29, 2021 | $0.078 | OrdinaryDividend |
| Dec 31, 2020 | $0.078 | OrdinaryDividend |
| Dec 30, 2020 | $0.009 | OrdinaryDividend |
| Nov 30, 2020 | $0.078 | OrdinaryDividend |
| Oct 30, 2020 | $0.078 | OrdinaryDividend |
| Sep 30, 2020 | $0.078 | OrdinaryDividend |
| Aug 31, 2020 | $0.078 | OrdinaryDividend |
| Jul 31, 2020 | $0.090 | OrdinaryDividend |
| Jun 30, 2020 | $0.090 | OrdinaryDividend |
| May 29, 2020 | $0.090 | OrdinaryDividend |
| Apr 30, 2020 | $0.090 | OrdinaryDividend |
| Mar 31, 2020 | $0.090 | OrdinaryDividend |
| Feb 28, 2020 | $0.090 | OrdinaryDividend |
| Jan 31, 2020 | $0.090 | OrdinaryDividend |
| Dec 31, 2019 | $0.090 | OrdinaryDividend |
| Dec 30, 2019 | $0.139 | Extra |
| Nov 29, 2019 | $0.090 | OrdinaryDividend |
| Oct 31, 2019 | $0.090 | OrdinaryDividend |
| Sep 30, 2019 | $0.090 | OrdinaryDividend |
| Aug 30, 2019 | $0.090 | OrdinaryDividend |
| Jul 31, 2019 | $0.090 | OrdinaryDividend |
| Jun 28, 2019 | $0.090 | DailyAccrualFund |
| Dec 28, 2018 | $0.081 | ExtraDividend |
| Dec 28, 2017 | $0.063 | ExtraDividend |
| Dec 14, 2012 | $0.240 | CapitalGainShortTerm |
| Dec 14, 2012 | $0.585 | CapitalGainLongTerm |
NWQAX - Fund Manager Analysis
Managers
Susi Budiman
Start Date
Tenure
Tenure Rank
Jan 06, 2015
7.4
7.4%
Prior to joining NWQ in 2006, Ms. Budiman was Portfolio Manager for China Life Insurance Company, Ltd. in Taiwan. Prior to the fixed income portfolio management position, Ms. Budiman was a currency exchange sales associate at Fleet National Bank in Singapore covering Asian , Euro, UK and other major currencies. Ms. Budiman graduated from the University of British Columbia with a Bachelor of Commerce degree in Finance.
Thomas Ray
Start Date
Tenure
Tenure Rank
Jan 06, 2015
7.4
7.4%
Thomas J. Ray, CFA, is a Managing Director, Co-Head of Fixed Income and Portfolio Manager/Analyst at NWQ Investment Management Company, LLC (“NWQ”). Prior to joining NWQ in 2015, Tom was a Private Investor. Prior to that, he served as Chief Investment Officer, President and founding member of Inflective Asset Management; a boutique investment firm specializing in convertible securities, from 2001 until 2011. From 2011 until joining NWQ in 2015, Mr. Ray was a private investor.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 28.73 | 6.37 | 2.41 |
