Nuveen Floating Rate Income uses a sound process and is led by experienced managers with strong resources. However, the recent incorporation of Symphony Asset Management into Nuveen’s leveraged finance group makes it necessary to give the strategy some time to settle into its new home. It earns a Morningstar Analyst Rating of Neutral for three of its shares and a Negative for its most expensive.
Will NFRIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NFRIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the NFRIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of NFRIX’s parent organization’s priorities and whether they’re in line with investors’ interests.