FAFIX: Nuveen Core Plus Bond A

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FAFIX Nuveen Core Plus Bond A

  • Fund
  • FAFIX
  • Price as of: Jun 14, 2019
  • $11.02 - $0.00 - 0.00%
  • Primary Category
  • N/A
  • Share Class

FAFIX - Profile

Vitals

  • YTD Return 5.0%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 2.3%
  • Net Assets $331 M
  • Holdings in Top 10 15.2%

52 WEEK LOW AND HIGH

$11.02
$10.44
$11.03

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.90%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 97.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

$2,500

Fund Classification

PRIMARY CATEGORY

N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Core-Plus Bond

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.99%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Nuveen Core Plus Bond Fund
  • Fund Family Name Nuveen
  • Inception Date Dec 22, 1987
  • Shares Outstanding 4455973
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Timothy A. Palmer

Fund Description

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 bonds, such as: U.S. government securities (securities issued or guaranteed by the U.S. government or its agencies or instrumentalities), including zero coupon securities; residential and commercial mortgage-backed securities; asset-backed securities; corporate debt obligations and municipal securities.

FAFIX - Mutual Fund Categories

FAFIX - Performance

Return Ranking - Trailing

Period FAFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -3.8% 13.0% 52.27%
1 Yr 6.1% -10.0% 8.4% 47.90%
3 Yr 3.5%* -4.2% 4.6% 86.85%
5 Yr 2.3%* -8.5% 23.6% 88.98%
10 Yr 5.1%* -7.3% 26.2% 52.20%

* Annualized


Return Ranking - Calendar

Period FAFIX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.8% -22.2% 3.1% 79.42%
2017 1.4% -5.1% 25.1% 39.44%
2016 1.8% -8.5% 192.8% 22.92%
2015 -6.9% -33.0% 3.0% 93.49%
2014 1.1% -29.8% 32.1% 43.76%

Total Return Ranking - Trailing

Period FAFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -3.8% 13.0% 52.41%
1 Yr 1.6% -10.0% 9.9% 51.62%
3 Yr 2.1%* -4.2% 6.8% 91.85%
5 Yr 1.4%* -8.2% 28.6% 91.96%
10 Yr 4.7%* -7.3% 26.4% 64.47%

* Annualized


Total Return Ranking - Calendar

Period FAFIX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.8% -22.2% 7.9% 83.89%
2017 1.4% -4.6% 25.1% 49.08%
2016 1.8% -4.1% 204.3% 37.19%
2015 -6.7% -32.4% 4.2% 95.29%
2014 1.3% -29.8% 32.1% 52.73%

NAV & Total Return History

FAFIX - Holdings

Concentration Analysis

FAFIX Category Low Category High FAFIX % Rank
Net Assets 331 M 330 K 229 B 75.35%
Number of Holdings 296 3 17343 73.21%
Net Assets in Top 10 50.1 M -28.8 B 32.2 B 77.15%
Weighting of Top 10 15.20% 4.0% 1674.7% 76.82%

Top 10 Holdings

  1. United States Treasury Notes 1.75% 3.10%

  2. Federal National Mortgage Association 3.5% 2.36%

  3. Federal National Mortgage Association 4% 1.56%

  4. United States Treasury Bonds 2.75% 1.55%

  5. Federal Home Loan Mortgage Corporation 3.5% 1.46%

  6. United States Treasury Notes 0.5% 1.10%

  7. Germany (Federal Republic Of) 0.25% 1.09%

  8. Federal National Mortgage Association 3.5% 1.01%

  9. Federal National Mortgage Association 4% 0.99%

  10. United States Treasury Notes 2.62% 0.99%


Asset Allocation

Weighting Return Low Return High FAFIX % Rank
Bonds
94.07% 0.00% 394.27% 55.98%
Cash
6.49% -539.21% 70.47% 28.46%
Convertible Bonds
2.81% 0.00% 18.42% 5.68%
Preferred Stocks
1.32% 0.00% 20.33% 5.21%
Stocks
0.00% -3.42% 96.77% 35.07%
Other
-4.70% -98.58% 236.55% 97.53%

Bond Sector Breakdown

Weighting Return Low Return High FAFIX % Rank
Corporate
48.16% 0.00% 127.23% 21.98%
Securitized
40.47% 0.00% 103.00% 33.67%
Government
8.67% -74.72% 316.66% 73.55%
Cash & Equivalents
6.47% -532.79% 70.33% 27.39%
Municipal
0.91% 0.00% 102.07% 21.78%
Derivative
0.02% -234.33% 48.69% 20.84%

Bond Geographic Breakdown

Weighting Return Low Return High FAFIX % Rank
US
82.74% 0.00% 219.16% 52.77%
Non US
11.33% -41.14% 244.34% 42.75%

FAFIX - Expenses

Operational Fees

FAFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.00% 38.42% 46.59%
Management Fee 0.47% 0.00% 2.15% 68.47%
12b-1 Fee 0.25% 0.00% 1.00% 25.95%
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

FAFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 0.50% 5.75% 21.27%
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

FAFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Turnover 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.

FAFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 97.00% 0.00% 2337.00% 54.61%

FAFIX - Distributions

Dividend Yield Analysis

FAFIX Category Low Category High FAFIX % Rank
Dividend Yield 1.59% 0.00% 8.86% 57.85%

Dividend Distribution Analysis

FAFIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

FAFIX Category Low Category High FAFIX % Rank
Net Income Ratio 2.99% -2.82% 7.22% 27.54%

Capital Gain Distribution Analysis

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

FAFIX - Managers

Timothy A. Palmer

Manager

Start Date

Tenure

Tenure Rank

May 01, 2003

16.09

16.1%

Timothy A. Palmer, CFA, entered the financial services industry in 1986 and became a portfolio manager in 1990. He joined Nuveen Asset Management as Managing Director, Portfolio Manager and Head of the Global Bonds and Emerging Markets Sector Teams in January 2011. Tim earned a B.A. in economics from the University of St. Thomas and an M.B.A. in finance from Columbia University’s Graduate School of Business. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Minnesota. Tim is a mentor for the fixed-income fund program at the University of Minnesota’s Carlson School of Management.


Douglas M. Baker

Manager

Start Date

Tenure

Tenure Rank

Mar 18, 2016

3.2

3.2%

Mr. Baker is the head of the Preferred Securities Sector Team and a member of the Fixed Income Strategy Committee, which establishes investment policy for all taxable fixed income products. He co-leads the taxable fixed income credit oversight process, which provides a structure for implementing credit strategy across taxable fixed income. As a senior fixed income portfolio manager, he is the lead manager for Nuveen Asset Management’s Preferred Securities related strategies, as well as a co-portfolio manager for the Multi-Sector, Core Plus Bond, and Inflation Protected Municipal Bond strategie


Tenure Analysis

Category Low

0.0

Category High

30.51

Category Average

6.95

Category Mode

7.12