Nuveen Floating Rate Income Fund Class I (NFRIX) Fund Overview
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Beta 0.06: the stock has moved about 94% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerNuveen Floating Rate Income Fund Class I (NFRIX) trades at $17.63. Nuveen Floating Rate Income Fund Class I (NFRIX) seeks high current income with capital appreciation as a secondary objective. Sector: Financials.
Price as of · Last analyzed: Mar 17, 2026Analyst Coverage for NFRIX: NFRIX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Nuveen Floating Rate Income Fund Class I (NFRIX) Financial Services Profile
Nuveen Floating Rate Income Fund Class I (NFRIX) is a closed-end fund focused on generating current income through investments in floating rate securities. The fund's strategy emphasizes floating rate loans and debt instruments, positioning it within the asset management sector for income-seeking investors.
What Is the Investment Thesis for NFRIX?
NFRIX presents a compelling option for income-seeking investors in a potentially rising interest rate environment. With a strategy focused on floating rate securities, the fund aims to mitigate interest rate risk while generating a high level of current income. The fund's ability to adjust its income stream in response to changing interest rates is a key value driver. However, investors should be aware of the credit risk associated with the underlying floating rate loans and debt instruments. The fund's performance is also subject to market conditions and the expertise of Nuveen's investment management team. The fund's beta of 0.06 suggests low volatility compared to the broader market.
Based on FMP financials and quantitative analysis
NFRIX Key Highlights
NFRIX focuses on high current income, making it suitable for income-seeking investors.
- The fund invests at least 80% of its assets in floating rate securities, providing a hedge against rising interest rates.
- NFRIX's investment strategy involves active selection and management of a diversified portfolio of floating rate assets.
- The fund may use leverage to enhance its returns, which can amplify both income and risk.
- The fund's beta of 0.06 indicates relatively low volatility compared to the overall market.
Who Are NFRIX's Competitors?
NFRIX is benchmarked below against 6 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| EKBAX Allspring Diversified Capital Builder Fund Class A | $20.25 | +0.65% | $2.70B | — |
| FBFWX American Funds Retirement Income Portfolio - Moderate Class F-1 | $13.89 | +0.14% | $1.69B | — |
| FSMJX Fidelity SAI Conservative Inc Muncpl Bd | $9.99 | 0.00% | $1.50B | — |
| GABAX Gabelli Asset Fund (The) | $51.58 | +1.02% | $1.66B | — |
| GDV The Gabelli Dividend & Income Trust | $28.37 | +0.89% | $2.48B | — |
| EICA Eagle Point Income Company Inc. | $25.00 | +0.04% | $234M | 36 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NFRIX's Key Strengths?
Expertise in floating rate investments
- Active management approach
- Diversified portfolio
- Potential for high current income
What Are NFRIX's Weaknesses?
Credit risk associated with underlying loans
- Interest rate risk
- Reliance on Nuveen's investment management team
- Potential for leverage to amplify losses
What Are the Key Risks for NFRIX?
Credit risk associated with underlying floating rate loans.
- Market volatility impacting fund performance.
- Reliance on Nuveen's investment management team.
- Changes in interest rates impacting fund income.
What Threats Does NFRIX Face?
- Economic downturn
- Rising interest rates
- Increased competition
- Regulatory changes
What Are NFRIX's Competitive Advantages?
- Nuveen's expertise in credit analysis and portfolio management
- Established track record in managing floating rate investments
- Access to a wide range of floating rate securities
- Diversified portfolio of assets
What Does NFRIX Do?
Nuveen Floating Rate Income Fund Class I (NFRIX) is a closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund was established to offer investors access to a portfolio of floating rate securities, primarily floating rate loans. These loans typically reset their interest rates periodically based on a benchmark, such as LIBOR or SOFR, plus a spread. This structure aims to provide a hedge against rising interest rates, as the income generated by the fund adjusts with changes in prevailing rates. Under normal market conditions, NFRIX invests at least 80% of its net assets, plus any borrowings for investment purposes, in floating rate securities. These securities encompass a range of instruments, including floating rate loans, other floating rate debt securities (such as corporate debt and U.S. government securities), money market securities, and shares of money market and short-term bond funds. The fund's investment strategy involves actively selecting and managing a diversified portfolio of these assets to optimize income generation while managing credit risk. The fund's investment decisions are guided by Nuveen's investment management team, which leverages its expertise in credit analysis and portfolio construction to identify attractive opportunities in the floating rate market. The fund may also use leverage to enhance its returns, which can amplify both income and risk. NFRIX is designed for investors seeking current income and who are comfortable with the risks associated with investing in floating rate securities, including credit risk, interest rate risk, and liquidity risk.
What Products and Services Does NFRIX Offer?
- Invests primarily in floating rate securities.
- Seeks a high level of current income.
- Manages a diversified portfolio of floating rate loans and debt instruments.
- Actively selects and manages investments to optimize income generation.
- May use leverage to enhance returns.
- Provides investors with access to the floating rate market.
How Does NFRIX Make Money?
- Generates income from interest payments on floating rate securities.
- Charges a management fee based on the fund's assets under management.
- May earn additional income from leverage.
- Distributes income to shareholders.
What Industry Does NFRIX Operate In?
Nuveen Floating Rate Income Fund Class I operates within the asset management industry, specifically targeting the income-oriented segment. The market for floating rate securities has grown as investors seek protection against rising interest rates. The competitive landscape includes other closed-end funds and ETFs that invest in similar assets. NFRIX differentiates itself through its active management approach and Nuveen's expertise in credit analysis. The asset management industry is influenced by macroeconomic factors, regulatory changes, and investor sentiment.
Who Are NFRIX's Key Customers?
- Income-seeking investors
- Investors looking for protection against rising interest rates
- Financial advisors
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
NFRIX Financials
Bull Case vs Bear Case
Bull Case
- Expertise in floating rate investments
- Active management approach
- Diversified portfolio
- Potential for high current income
Bear Case
- Credit risk associated with underlying loans
- Interest rate risk
- Reliance on Nuveen's investment management team
- Potential for leverage to amplify losses
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
NFRIX Latest News
No recent news available for NFRIX.
NFRIX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for NFRIX.
Price Targets
Wall Street price target analysis for NFRIX.
NFRIX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for NFRIX; grades run from A+ (80-100) to F (below 30).
What Investors Ask About Nuveen Floating Rate Income Fund Class I (NFRIX) — Financials
What are the key benefits and risks of investing in floating rate securities through NFRIX?
The primary benefit of investing in floating rate securities through NFRIX is the potential for a high level of current income that adjusts with changes in interest rates. This can provide a hedge against rising rates. However, there are also risks to consider. The fund is subject to credit risk, as the underlying loans and debt instruments may default.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Financial data is based on available information and may be subject to change.