NCFCX: Nuveen Symphony Credit Opportunities C

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NCFCX Nuveen Symphony Credit Opportunities C


Profile

NCFCX - Profile

Vitals

  • YTD Return -11.0%
  • 3 Yr Annualized Return -4.2%
  • 5 Yr Annualized Return -3.7%
  • Net Assets $431 M
  • Holdings in Top 10 10.7%

52 WEEK LOW AND HIGH

$17.93
$15.51
$20.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.80%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 70.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -11.0%
  • 3 Yr Annualized Total Return -4.2%
  • 5 Yr Annualized Total Return -3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.47%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Symphony High Yield Income Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Apr 28, 2010
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jenny Rhee

Fund Description

Under normal circumstances, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in debt instruments (e.g., bonds and loans) rated below investment grade or, if unrated, deemed by the fund's portfolio managers to be of comparable quality. The fund invests both in debt issued by U.S. companies and in U.S. dollar-denominated debt issued by non-U.S. companies that is traded over-the-counter or listed on an exchange.


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Categories

Performance

NCFCX - Performance

Return Ranking - Trailing

Period NCFCX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.0% -51.6% 7.1% 92.51%
1 Yr -9.4% -49.1% 7.7% 93.97%
3 Yr -4.2%* -22.7% 1.0% 81.40%
5 Yr -3.7%* -6.6% 0.9% 93.06%
10 Yr -0.8%* -5.6% 1.3% 57.41%

* Annualized

Return Ranking - Calendar

Period NCFCX Return Category Return Low Category Return High Rank in Category (%)
2019 6.8% 0.7% 23.9% 67.11%
2018 -6.4% -17.1% -1.8% 15.31%
2017 -0.9% -5.7% 4.9% 94.27%
2016 11.8% 1.1% 13.4% 3.85%
2015 -14.4% -17.8% 1.0% 96.50%

Total Return Ranking - Trailing

Period NCFCX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.0% -51.6% 7.1% 92.51%
1 Yr -9.4% -49.1% 7.7% 93.97%
3 Yr -4.2%* -22.7% 3.6% 87.44%
5 Yr -3.5%* -6.6% 3.4% 91.04%
10 Yr -0.4%* -5.6% 6.5% 62.50%

* Annualized

Total Return Ranking - Calendar

Period NCFCX Return Category Return Low Category Return High Rank in Category (%)
2019 6.8% 0.7% 23.9% 69.35%
2018 -6.4% -17.1% 0.4% 32.95%
2017 -0.9% -5.1% 9.3% 95.57%
2016 12.6% 1.1% 20.7% 16.76%
2015 -14.1% -17.8% 1.0% 96.21%

NAV & Total Return History


Holdings

NCFCX - Holdings

Concentration Analysis

NCFCX Category Low Category High NCFCX % Rank
Net Assets 431 M 890 K 23.3 B 56.09%
Number of Holdings 274 4 1566 63.70%
Net Assets in Top 10 46.3 M -362 M 2.13 B 55.22%
Weighting of Top 10 10.73% 3.8% 99.9% 52.54%

Top 10 Holdings

  1. GENESYS TELECOM HLD US INC TERM LOAN B 1.39%
  2. EPICOR SOFTWARE COMPANY 1ST LIEN 1.35%
  3. SOPHIA LP 2017 TL B 1.29%
  4. Blackboard Inc Term Loan B5 1.10%
  5. Blackboard Inc Term Loan B5 1.10%
  6. LifePoint Health, Inc 9.75% 1.01%
  7. Kronos Acquisition Holdings Inc 9% 1.00%
  8. Pacific Gas and Electric Company 6.05% 0.97%
  9. PETSMART INC. TL B 1L 0.90%
  10. CSC Holdings, LLC 5.75% 0.87%

Asset Allocation

Weighting Return Low Return High NCFCX % Rank
Bonds
96.77% 80.27% 135.68% 19.35%
Stocks
1.16% -12.79% 7.94% 19.78%
Convertible Bonds
1.11% 0.00% 5.92% 25.87%
Cash
0.83% -37.71% 19.40% 86.96%
Other
0.14% -4.12% 41.18% 8.26%
Preferred Stocks
0.00% 0.00% 5.23% 72.17%

Stock Sector Breakdown

Weighting Return Low Return High NCFCX % Rank
Communication Services
39.66% 0.00% 100.00% 11.38%
Technology
36.76% 0.00% 43.86% 3.10%
Consumer Defense
23.57% 0.00% 23.57% 1.03%
Utilities
0.00% 0.00% 100.00% 66.21%
Real Estate
0.00% 0.00% 75.20% 56.55%
Industrials
0.00% 0.00% 100.00% 71.72%
Healthcare
0.00% 0.00% 100.00% 70.00%
Financial Services
0.00% 0.00% 100.00% 61.03%
Energy
0.00% 0.00% 100.00% 79.66%
Consumer Cyclical
0.00% 0.00% 100.00% 67.93%
Basic Materials
0.00% 0.00% 100.00% 62.41%

Stock Geographic Breakdown

Weighting Return Low Return High NCFCX % Rank
US
1.16% -12.80% 7.94% 18.26%
Non US
0.00% 0.00% 0.26% 58.26%

Bond Sector Breakdown

Weighting Return Low Return High NCFCX % Rank
Corporate
99.16% 51.59% 100.00% 8.48%
Cash & Equivalents
0.84% 0.00% 32.30% 86.74%
Derivative
0.00% 0.00% 15.88% 57.39%
Securitized
0.00% 0.00% 11.23% 69.13%
Municipal
0.00% 0.00% 0.42% 49.57%
Government
0.00% 0.00% 22.44% 63.48%

Bond Geographic Breakdown

Weighting Return Low Return High NCFCX % Rank
US
83.67% 65.89% 117.76% 29.57%
Non US
13.10% 0.00% 29.53% 45.65%

Expenses

NCFCX - Expenses

Operational Fees

NCFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.80% 0.13% 20.17% 13.27%
Management Fee 0.59% 0.00% 1.35% 57.55%
12b-1 Fee 1.00% 0.00% 1.00% 88.15%
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

NCFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 49.28%

Trading Fees

NCFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 32.65%

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.

NCFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 70.00% 1.88% 239.35% 74.34%

Distributions

NCFCX - Distributions

Dividend Yield Analysis

NCFCX Category Low Category High NCFCX % Rank
Dividend Yield 0.00% 0.00% 2.43% 57.83%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NCFCX Category Low Category High NCFCX % Rank
Net Income Ratio 4.47% 1.57% 9.34% 81.90%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

NCFCX - Fund Manager Analysis

Managers

Jenny Rhee


Start Date

Tenure

Tenure Rank

Apr 28, 2010

10.01

10.0%

Ms. Rhee is a Co-Head of Investments, a member of the Risk Committee and responsible for all of Symphony’s high-yield strategies, including the Long-Short Credit Strategy, the long-only Credit Opportunities Strategy and credit trading related to high yield. She has served more than 15 years at Symphony. Prior to joining the firm in 2001, she was a member of the equity research team at Epoch Partners, and she began her career as an Investment Banking Analyst at Credit Suisse First Boston. Ms. Rhee received a BS in business administration from the University of California, Berkeley.

Scott Caraher


Start Date

Tenure

Tenure Rank

May 23, 2019

0.94

0.9%

Mr. Caraher is a Co-Head of Investments, a member of the Risk Committee and responsible for Symphony’s retail and institutional bank loan-focused portfolios, including credit trading related to bank loans. Mr. Caraher has served more than 15 years at Symphony. Prior to joining the firm in 2002, he was an Investment Banking Analyst in the industrial group at Deutsche Banc Alex Brown in New York.  Mr. Caraher received a BS in finance from Georgetown University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 35.71 6.55 1.33