Nuveen Credit Strategies Fund Quote
| JQC Fund | USD 5.50 0.01 0.18% |
Performance13 of 100
| Odds Of DistressLess than 26
|
Nuveen Credit is trading at 5.50 as of the 25th of April 2024, a -0.18 percent down since the beginning of the trading day. The fund's open price was 5.51. Nuveen Credit has about a 26 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat good performance during the last 90 days. Equity ratings for Nuveen Credit Strategies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of May 2023 and ending today, the 25th of April 2024. Click here to learn more.
Nuveen Credit Strategies Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc. Nuveen Credit Strategies Income Fund was formed on June 25, 2003 and is domiciled in the United States. Nuveen Preferred operates under Asset Management classification in the United States and is traded on New York Stock Exchange.. The company has 135.61 M outstanding shares of which 57.45 K shares are currently shorted by investors with about 0.12 days to cover. More on Nuveen Credit Strategies
Moving together with Nuveen Fund
| 0.82 | LETRX | Voya Russia Fund | PairCorr |
| 0.82 | IWRFX | Voya Russia Fund | PairCorr |
| 0.83 | IIRFX | Voya Russia Fund | PairCorr |
Nuveen Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nuveen Credit's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nuveen Credit or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Terence Toth |
| Fund Concentration | Bank Loan Funds, Asset Management, Financial Services (View all Sectors) |
| Update Date | 31st of March 2024 |
Nuveen Credit Strategies [JQC] is traded in USA and was established 25th of April 2024. The fund is not classified under any group at the present time. Nuveen Credit Strategies currently has in assets under management (AUM) with no minimum investment requirementsThe fund is currently generating return of 2.5% with the current yeild of 0.01%, while the total return for the last 3 years was 3.21%.
Nuveen Credit Strategies has about 2.08 M in cash with 80.91 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Nuveen Credit Probability Of Bankruptcy
Nuveen Credit Target Price Odds Analysis
What are Nuveen Credit's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Nuveen Credit jumping above the current price in 90 days from now is about 19.57%. The Nuveen Credit Strategies probability density function shows the probability of Nuveen Credit fund to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Nuveen Credit has a beta of 0.4816. This indicates as returns on the market go up, Nuveen Credit average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nuveen Credit Strategies will be expected to be much smaller as well. Additionally, nuveen Credit Strategies has an alpha of 0.074, implying that it can generate a 0.074 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Nuveen Credit to move above the current price in 90 days from now is about 19.57 (This Nuveen Credit Strategies probability density function shows the probability of Nuveen Fund to fall within a particular range of prices over 90 days) .
Nuveen Credit Top Holders
| VPC | Virtus Private Credit | Etf | Nontraditional Bond |
| RNOTX | Rivernorthoaktree High Income | Mutual Fund | High Yield Bond |
| RNSIX | Rivernorthdoubleline Strategic Income | Mutual Fund | Multisector Bond |
| RNDLX | Rivernorthdoubleline Strategic Income | Mutual Fund | Multisector Bond |
| LSPAX | Locorr Spectrum Income | Mutual Fund | Allocation--85%+ Equity |
| LSPCX | Locorr Spectrum Income | Mutual Fund | Allocation--85%+ Equity |
| LSPIX | Locorr Spectrum Income | Mutual Fund | Allocation--85%+ Equity |
Nuveen Credit Strategies Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nuveen Credit market risk premium is the additional return an investor will receive from holding Nuveen Credit long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nuveen Credit. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nuveen Credit's alpha and beta are two of the key measurements used to evaluate Nuveen Credit's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1254 | |||
| Jensen Alpha | 0.074 | |||
| Total Risk Alpha | 0.03 | |||
| Sortino Ratio | 0.0467 |
Nuveen Credit Against Markets
Picking the right benchmark for Nuveen Credit fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nuveen Credit fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nuveen Credit is critical whether you are bullish or bearish towards Nuveen Credit Strategies at a given time. Please also check how Nuveen Credit's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nuveen Credit without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Nuveen Fund?
Before investing in Nuveen Credit, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nuveen Credit. To buy Nuveen Credit fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nuveen Credit. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Nuveen Credit fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nuveen Credit Strategies fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Nuveen Credit Strategies fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Nuveen Credit Strategies, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Nuveen Credit Strategies?
The danger of trading Nuveen Credit Strategies is mainly related to its market volatility and Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nuveen Credit is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nuveen Credit. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nuveen Credit Strategies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Nuveen Credit Strategies. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.