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NFRAX
Mutual Fund ticker: NASDAQ
AS OF
Aug 22 closing price
Price
$17.99
Change
-$0.00 (-0.00%)
Net Assets
1.6B

NFRAX Nuveen Floating Rate Income A Forecast, Technical & Fundamental Analysis

The investment seeks a high level of current income; capital appreciation is a secondary consideration... Show more

Category: #Bank Loan
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A.I.Advisor
published Highlights

Industry description

The investment seeks a high level of current income; capital appreciation is a secondary consideration. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in floating rate securities. Floating rate securities are defined to include floating rate loans, other floating rate debt securities including corporate debt securities and U.S. government securities, money market securities and shares of money market and short-term bond funds.
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A.I. Advisor
published General Information

General Information

Category BankLoan

Profile
Fundamentals
Details
Category
Bank Loan
Address
C/O John Nuveen & Co Inc333 West Wacker DriveChicago
Phone
N/A
Web
www.nuveen.com
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NFRAX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, NFRAX has been closely correlated with PFFRX. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if NFRAX jumps, then PFFRX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NFRAX
1D Price
Change %
NFRAX100%
N/A
PFFRX - NFRAX
95%
Closely correlated
+0.11%
TRIZX - NFRAX
95%
Closely correlated
N/A
FFRIX - NFRAX
91%
Closely correlated
+0.11%
EVBLX - NFRAX
91%
Closely correlated
+0.12%
FFRCX - NFRAX
91%
Closely correlated
+0.11%
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