FCDDX: Nuveen Strategic Income A

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FCDDX Nuveen Strategic Income A


Profile

FCDDX - Profile

Vitals

  • YTD Return -0.3%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $595 M
  • Holdings in Top 10 7.0%

52 WEEK LOW AND HIGH

$10.76
$9.29
$11.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.96%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 54.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA $2,500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Strategic Income Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Feb 01, 2000
  • Shares Outstanding
    9722487
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Douglas Baker

Fund Description

The fund normally invests at least 80% of its net assets in income producing securities, including: U.S. government securities; residential and commercial mortgage-backed securities; asset-backed securities; domestic and foreign corporate debt obligations; preferred securities and contingent capital securities; fixed and floating rate loans; debt obligations of foreign governments; and municipal securities. It may invest up to 30% of its total assets in non-U.S. dollar denominated debt obligations of foreign corporations and governments.


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Categories

Performance

FCDDX - Performance

Return Ranking - Trailing

Period FCDDX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -55.0% 6.8% 23.81%
1 Yr 1.7% -55.3% 10.9% 13.27%
3 Yr 0.4%* -38.0% 4.9% 11.53%
5 Yr -0.3%* -32.7% 17.8% 43.48%
10 Yr 0.4%* -5.2% 0.9% 16.94%

* Annualized

Return Ranking - Calendar

Period FCDDX Return Category Return Low Category Return High Rank in Category (%)
2019 9.0% -35.1% 15.3% 3.99%
2018 -6.7% -48.0% 0.8% 64.57%
2017 0.4% -14.8% 11.2% 90.71%
2016 3.7% -11.2% 19.1% 45.26%
2015 -9.2% -51.1% 4.0% 85.96%

Total Return Ranking - Trailing

Period FCDDX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -55.0% 6.8% 23.81%
1 Yr 1.7% -55.3% 6.2% 13.27%
3 Yr 0.4%* -38.0% 3.6% 28.14%
5 Yr -0.3%* -32.7% 17.8% 64.82%
10 Yr 0.4%* -5.2% 5.4% 44.35%

* Annualized

Total Return Ranking - Calendar

Period FCDDX Return Category Return Low Category Return High Rank in Category (%)
2019 9.0% -35.1% 15.3% 3.99%
2018 -6.7% -48.0% 4.8% 74.17%
2017 0.4% -14.8% 14.0% 95.36%
2016 3.7% -11.2% 22.5% 57.66%
2015 -9.2% -51.1% 4.0% 92.34%

NAV & Total Return History


Holdings

FCDDX - Holdings

Concentration Analysis

FCDDX Category Low Category High FCDDX % Rank
Net Assets 595 M 6.88 M 120 B 52.33%
Number of Holdings 524 6 7819 45.04%
Net Assets in Top 10 41.3 M -201 M 5.37 B 57.79%
Weighting of Top 10 7.00% 5.8% 214.0% 94.51%

Top 10 Holdings

  1. Morgan Stanley 3.95% 0.88%
  2. AT&T Inc 4.35% 0.76%
  3. BX COMMERCIAL MORTGAGE TRUST 1.1% 0.70%
  4. Federal National Mortgage Association 3.5% 0.69%
  5. MPLX LP 4.88% 0.69%
  6. Bank of America Corporation 3.42% 0.68%
  7. Federal Farm Credit Banks 3.17% 0.67%
  8. Goldman Sachs Group, Inc. 5.5% 0.67%
  9. Federal National Mortgage Association 4% 0.65%
  10. Bank of America Corporation 6.1% 0.63%

Asset Allocation

Weighting Return Low Return High FCDDX % Rank
Bonds
91.58% 9.56% 233.78% 39.44%
Convertible Bonds
5.16% 0.00% 15.09% 7.37%
Cash
1.50% -144.73% 61.37% 71.95%
Other
0.88% -8.59% 30.55% 12.75%
Preferred Stocks
0.87% 0.00% 79.92% 22.95%
Stocks
0.00% -0.56% 15.10% 72.68%

Bond Sector Breakdown

Weighting Return Low Return High FCDDX % Rank
Corporate
60.61% 0.00% 93.46% 19.55%
Securitized
32.77% 0.00% 99.12% 26.06%
Government
3.24% 0.00% 99.82% 68.27%
Municipal
1.87% 0.00% 34.19% 11.05%
Cash & Equivalents
1.51% 0.12% 45.23% 90.65%
Derivative
0.00% -0.44% 43.88% 63.46%

Bond Geographic Breakdown

Weighting Return Low Return High FCDDX % Rank
US
76.59% 5.88% 233.33% 34.84%
Non US
14.99% -46.36% 71.44% 63.46%

Expenses

FCDDX - Expenses

Operational Fees

FCDDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.06% 24.26% 66.76%
Management Fee 0.54% 0.00% 2.25% 31.49%
12b-1 Fee 0.25% 0.00% 1.00% 30.10%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

FCDDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 1.00% 5.75% 39.13%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FCDDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

FCDDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 54.00% 0.00% 421.00% 33.93%

Distributions

FCDDX - Distributions

Dividend Yield Analysis

FCDDX Category Low Category High FCDDX % Rank
Dividend Yield 0.00% 0.00% 4.72% 38.29%

Dividend Distribution Analysis

FCDDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FCDDX Category Low Category High FCDDX % Rank
Net Income Ratio 3.90% 1.07% 18.14% 44.22%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FCDDX - Fund Manager Analysis

Managers

Douglas Baker


Start Date

Tenure

Tenure Rank

Mar 18, 2016

4.29

4.3%

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

William Martin


Start Date

Tenure

Tenure Rank

Mar 26, 2019

1.27

1.3%

Bill is Nuveen’s global fixed income chief investment officer and is responsible for overseeing all portfolio management, research, trading and risk management activities. He is also the lead portfolio manager for the TIAA-CREF Bond Plus strategy, co-manager of the Multi-Sector Bond strategy and co-chairs the investment committee, which establishes investment policy for all global fixed income products. Bill joined the firm in 2004. Prior to his current role, Bill managed TIAA’s agency and non-agency mortgage-backed securities exposure across accounts. He was also a member of the corporate private placement team responsible for both investment grade and alternative investment transactions. Previously, he was a vice president and founding member of Visible Markets, a broker-dealer focused on structured finance transactions. He also served as a fixed income consultant for Barra, a risk management firm, analyzing multi-sector portfolio risk.

Katherine Renfrew


Start Date

Tenure

Tenure Rank

Mar 26, 2019

1.27

1.3%

Katherine Renfrew is a managing director with TIAA Investments, an affiliate of Nuveen, and has over 20 years of investment experience. Katherine co-manages TIAA Investments’ emerging markets debt strategies and has been a portfolio manager of the Emerging Markets Blended Debt strategy since inception in 2004. She has lead sector responsibility for emerging markets corporates and quasisovereigns and for all developed markets quasi-sovereigns, excluding U.S. and Canada, in both hard and local currency. She co-manages the emerging market sovereign portfolios. From 2005 to 2014, Katherine was the primary Portfolio Manager overseeing the Emerging Market Debt strategies for TIAA, including sovereign (both hard currency and local currency). She is the co-PM of a dedicated Emerging Market Local Currency strategy and a dedicated Emerging Market High Yield strategy (blend of sovereigns and corporates). Ms. Renfrew joined TIAA in 1997 and has held several roles relating to emerging markets during her tenure, including South American regional analyst/PM and trader, portfolio manager for the firm’s investments in Eastern Europe, Middle East and Africa (EMEA) regions, and Asian and EMEA regional analyst/PM and trader. From 2005 to 2007, she managed the Emerging Market Debt team, which consisted of 5 professionals. Before joining the firm’s Emerging Markets team, Ms. Renfrew was part of its Structured Finance team and was responsible for asset-backed securitization analysis and investment. Prior to joining TIAA, Katherine was a fixed-income securities analyst at MONY Capital Management and a financial analyst at Mattel Toys. Ms. Renfrew holds a BS in economics and a BS in engineering from the University of Michigan and an MBA in finance and accounting from the Columbia Business School at Columbia University.

Nicholas Travaglino


Start Date

Tenure

Tenure Rank

Mar 26, 2019

1.27

1.3%

Nicholas is a portfolio manager for Nuveen’s global fixed income team and leads the securitized sector team, which selects residential mortgagebacked, commercial mortgage-backed and asset-backed securities for all portfolios. He is also the co-manager of the Inflation-Linked Bond strategy and the Multi-Sector Bond strategy. Nick is also a member of the Investment Committee, which establishes investment policy for all global fixed income products. Prior to joining the firm in 2014, Nicholas worked for Royal Bank of Canada Capital Markets, where he managed a $2 billion Agency MBS position within RBC’s proprietary trading unit. He also worked for Citigroup Global Markets, where he was responsible for positioning and trading Citi’s long duration CMO book. Nicholas began his career in portfolio management at Freddie Mac and entered the investment industry since 1997. Nicholas graduated with a B.S. in Commerce, with concentrations in Finance and Marketing, from the University of Virginia.

Kevin Lorenz


Start Date

Tenure

Tenure Rank

Mar 26, 2019

1.27

1.3%

Kevin is a portfolio manager for Nuveen’s global fixed income team and heads the leveraged finance sector team, which selects high yield and leveraged loan securities for all portfolios. He is also the lead portfolio manager for the High Yield strategies, co-manager of the Multi-Sector Bond strategy and a member of the Investment Committee, which establishes investment policy for all global fixed income products. Kevin has served in a variety of roles since joining the firm in 1987. He has been investing in high yield over his entire career and has focused exclusively on high yield since 1995. He began his career at the firm as a generalist focusing on the private placement market. Kevin has been quoted in The New York Times, Barron’s, The Wall Street Journal, Reuters and other financial press as well as appearances on CNBC for his seasoned views on the high yield asset class. Kevin graduated with a B.S. in Accounting from Rider University and an M.B.A. in Finance from Indiana University. He holds the CFA designation and is a member of the New York Society of Security Analysts. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 29.15 5.77 5.5