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Trending ETFs

Nuveen Flexible Income Fund

mutual fund
NWQIX
Payout Change
No Change
Price as of:
$19.15 -0.02 -0.1%
primary theme
U.S. Conservative/Balanced Allocation
share class
A (NWQAX) I (NWQIX) C (NWQCX) R6 (NQWFX)
NWQIX (Mutual Fund)

Nuveen Flexible Income Fund

Payout Change
No Change
Price as of:
$19.15 -0.02 -0.1%
primary theme
U.S. Conservative/Balanced Allocation
share class
A (NWQAX) I (NWQIX) C (NWQCX) R6 (NQWFX)
NWQIX (Mutual Fund)

Nuveen Flexible Income Fund

Payout Change
No Change
Price as of:
$19.15 -0.02 -0.1%
primary theme
U.S. Conservative/Balanced Allocation
share class
A (NWQAX) I (NWQIX) C (NWQCX) R6 (NQWFX)

Name

As of 12/10/2024

Price

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

Nuveen Flexible Income Fund

NWQIX | Fund

$19.15

$1.12 B

5.04%

$0.97

0.78%

Vitals

YTD Return

7.7%

1 yr return

10.7%

3 Yr Avg Return

0.7%

5 Yr Avg Return

2.4%

Net Assets

$1.12 B

Holdings in Top 10

18.3%

52 WEEK LOW AND HIGH

$19.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 30.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$100,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/10/2024

Price

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

Nuveen Flexible Income Fund

NWQIX | Fund

$19.15

$1.12 B

5.04%

$0.97

0.78%

NWQIX - Profile

Distributions

  • YTD Total Return 7.7%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.90%
DIVIDENDS
  • Dividend Yield 5.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Flexible Income Fund
  • Fund Family Name
    Nuveen Funds
  • Inception Date
    Dec 09, 2009
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Susi 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.
Read More

NWQIX - Performance

Return Ranking - Trailing

Period NWQIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.7% -3.4% 20.8% 89.88%
1 Yr 10.7% 8.0% 24.5% 90.59%
3 Yr 0.7%* -13.2% 6.3% 86.22%
5 Yr 2.4%* -5.7% 8.4% 93.73%
10 Yr 4.5%* -0.4% 7.7% 54.09%

* Annualized

Return Ranking - Calendar

Period NWQIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.9% -1.0% 27.4% 92.82%
2022 -19.2% -35.0% -7.4% 80.70%
2021 0.4% -11.5% 14.6% 69.41%
2020 0.3% -10.3% 40.7% 85.29%
2019 11.8% -9.5% 22.1% 20.17%

Total Return Ranking - Trailing

Period NWQIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.7% -3.4% 20.8% 89.88%
1 Yr 10.7% 8.0% 24.5% 90.59%
3 Yr 0.7%* -13.2% 6.3% 86.22%
5 Yr 2.4%* -5.7% 8.4% 93.73%
10 Yr 4.5%* -0.4% 7.7% 54.09%

* Annualized

Total Return Ranking - Calendar

Period NWQIX Return Category Return Low Category Return High Rank in Category (%)
2023 8.9% 2.6% 28.2% 76.73%
2022 -13.9% -35.0% -3.1% 65.91%
2021 4.9% -11.5% 32.0% 90.49%
2020 6.0% -5.4% 40.7% 76.02%
2019 19.1% 4.5% 27.7% 8.12%

NAV & Total Return History

NWQIX - Holdings

Concentration Analysis

NWQIX Category Low Category High NWQIX % Rank
Net Assets 1.12 B 305 K 50.8 B 34.32%
Number of Holdings 161 2 4065 32.59%
Net Assets in Top 10 190 M 309 K 10.3 B 63.95%
Weighting of Top 10 18.35% 9.7% 111.4% 88.15%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 2.72%
  2. Citigroup Inc 2.30%
  3. Hewlett Packard Enterprise Co 2.22%
  4. Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 2.09%
  5. Vistra Corp 2.05%
  6. General Motors Co 1.60%
  7. Emera Inc 1.40%
  8. Charter Communications Operating LLC / Charter Communications Operating Capital 1.34%
  9. Regal Rexnord Corp 1.34%
  10. COLUMBIA PIPELINES OPCO 1.30%

Asset Allocation

Weighting Return Low Return High NWQIX % Rank
Bonds 		79.72% 0.00% 79.72% 0.99%
Preferred Stocks 		9.71% 0.00% 21.95% 1.23%
Stocks 		8.93% 0.00% 100.11% 91.85%
Convertible Bonds 		3.51% 0.00% 71.77% 8.23%
Cash 		2.72% -35.68% 23.34% 36.79%
Other 		0.70% -0.20% 61.47% 13.83%

Stock Sector Breakdown

Weighting Return Low Return High NWQIX % Rank
Utilities 		25.04% 0.00% 48.33% 2.76%
Healthcare 		17.14% 0.00% 24.25% 4.02%
Industrials 		14.67% 0.14% 17.90% 4.27%
Technology 		13.65% 0.22% 27.92% 69.10%
Energy 		7.71% 0.00% 62.93% 11.81%
Financial Services 		5.52% 0.00% 83.50% 98.24%
Basic Materials 		5.20% 0.00% 32.82% 16.83%
Consumer Defense 		4.24% 0.00% 18.62% 92.46%
Consumer Cyclical 		3.52% 0.00% 14.20% 92.21%
Communication Services 		1.70% 0.00% 11.11% 97.24%
Real Estate 		1.60% 0.00% 43.16% 94.97%

Stock Geographic Breakdown

Weighting Return Low Return High NWQIX % Rank
US 		8.93% 0.00% 100.11% 91.85%
Non US 		0.00% 0.00% 23.24% 76.05%

Bond Sector Breakdown

Weighting Return Low Return High NWQIX % Rank
Corporate 		96.66% 0.00% 96.66% 1.00%
Cash & Equivalents 		2.72% 0.00% 23.34% 35.56%
Derivative 		0.00% -0.22% 60.97% 66.67%
Securitized 		0.00% 0.00% 52.08% 96.51%
Municipal 		0.00% 0.00% 99.85% 92.52%
Government 		0.00% 0.00% 63.33% 97.76%

Bond Geographic Breakdown

Weighting Return Low Return High NWQIX % Rank
US 		79.72% 0.00% 79.72% 0.99%
Non US 		0.00% 0.00% 7.66% 74.57%

NWQIX - Expenses

Operational Fees

NWQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.06% 21.26% 61.73%
Management Fee 0.68% 0.00% 1.25% 94.55%
12b-1 Fee 0.00% 0.00% 1.00% 7.49%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

NWQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NWQIX 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.

NWQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.00% 2.00% 380.00% 50.54%

NWQIX - Distributions

Dividend Yield Analysis

NWQIX Category Low Category High NWQIX % Rank
Dividend Yield 5.04% 0.00% 7.99% 4.69%

Dividend Distribution Analysis

NWQIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Quarterly

Net Income Ratio Analysis

NWQIX Category Low Category High NWQIX % Rank
Net Income Ratio 3.90% -1.22% 6.83% 6.02%

Capital Gain Distribution Analysis

NWQIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

NWQIX - 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

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