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Name

As of 11/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nuveen High Yield Income Fund

NCOIX | Fund

$18.04

$589 M

7.47%

$1.34

0.84%

Vitals

YTD Return

8.8%

1 yr return

14.1%

3 Yr Avg Return

4.1%

5 Yr Avg Return

4.2%

Net Assets

$589 M

Holdings in Top 10

19.5%

52 WEEK LOW AND HIGH

$18.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.84%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 134.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$100,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nuveen High Yield Income Fund

NCOIX | Fund

$18.04

$589 M

7.47%

$1.34

0.84%

NCOIX - Profile

Distributions

  • YTD Total Return 8.8%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.66%
DIVIDENDS
  • Dividend Yield 7.5%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Nuveen High Yield Income Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Apr 28, 2010
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott Caraher

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. Below investment-grade securities are commonly referred to as “high yield” securities or “junk” bonds. The Fund may invest up to 30% of its net assets in loans. 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.
The Fund may invest in securities that have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) (“restricted securities”), including securities sold in private placement transactions between issuers and their purchasers and securities that meet the requirements of Rule 144A under the Securities Act (“Rule 144A securities”). Rule 144A securities may be resold under certain circumstances only to qualified institutional buyers as defined by the rule.
The Fund may utilize the following derivatives: options; futures contracts; options on futures contracts; swap agreements, including interest rate swaps, total return swaps, and credit default swaps; and options on swap agreements. The Fund may use these derivatives in an attempt to manage market risk, credit risk and yield curve risk, to manage the effective maturity or duration of securities in the Fund’s portfolio or for speculative purposes in an effort to increase the Fund’s yield or to enhance returns. The use of a derivative is speculative if the Fund is primarily seeking to enhance returns, rather than offset the risk of other positions.
The Fund’s sub-adviser bases its investment process on fundamental, bottom-up credit analysis. Analysts assess sector dynamics, company business models and asset quality. Specific recommendations are based on an analysis of the relative value of the various types of debt within a company’s capital structure. Inherent in the sub-adviser’s credit analysis process is the evaluation of potential upside and downside to any credit. As such, the sub-adviser concentrates its efforts on sectors where there is sufficient transparency to assess the downside risk and where firms have assets to support meaningful recovery in case of default. In its focus on downside protection, the sub-adviser favors opportunities where valuations can be quantified and risks assessed.
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NCOIX - Performance

Return Ranking - Trailing

Period NCOIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -8.1% 17.3% 25.24%
1 Yr 14.1% -2.4% 18.9% 16.45%
3 Yr 4.1%* -14.5% 21.6% 22.50%
5 Yr 4.2%* -11.2% 37.2% 36.68%
10 Yr 4.5%* -5.1% 20.1% 20.19%

* Annualized

Return Ranking - Calendar

Period NCOIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -4.7% 14.3% 50.82%
2022 -14.8% -33.4% 3.6% 35.97%
2021 1.3% -8.4% 8.2% 21.06%
2020 -3.7% -13.2% 302.7% 95.59%
2019 6.8% -4.4% 13.3% 66.24%

Total Return Ranking - Trailing

Period NCOIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -8.1% 17.3% 25.24%
1 Yr 14.1% -2.4% 18.9% 16.45%
3 Yr 4.1%* -14.5% 21.6% 22.50%
5 Yr 4.2%* -11.2% 37.2% 36.68%
10 Yr 4.5%* -5.1% 20.1% 20.19%

* Annualized

Total Return Ranking - Calendar

Period NCOIX Return Category Return Low Category Return High Rank in Category (%)
2023 13.0% -4.7% 18.7% 27.12%
2022 -10.3% -33.4% 47.8% 41.42%
2021 7.1% -8.4% 12.4% 12.50%
2020 2.5% -9.6% 325.6% 88.36%
2019 13.8% -3.8% 19.4% 50.82%

NAV & Total Return History

NCOIX - Holdings

Concentration Analysis

NCOIX Category Low Category High NCOIX % Rank
Net Assets 589 M 3.13 M 23.6 B 48.05%
Number of Holdings 229 2 3879 73.49%
Net Assets in Top 10 129 M -492 M 5.25 B 40.43%
Weighting of Top 10 19.54% 4.2% 146.0% 21.28%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 5.14%
  2. iShares Broad USD High Yield Corporate Bond ETF 3.45%
  3. BlackRock Liquidity Funds T-Fund 3.12%
  4. Brightline East LLC 1.35%
  5. DISH Network Corp 1.24%
  6. Encore Capital Group Inc 1.23%
  7. Venture Global LNG Inc 1.16%
  8. Post Holdings Inc 0.98%
  9. Zegona Finance PLC 0.95%
  10. Prime Healthcare Services Inc 0.92%

Asset Allocation

Weighting Return Low Return High NCOIX % Rank
Bonds 		91.49% 0.00% 145.36% 81.27%
Stocks 		8.58% 0.00% 99.64% 5.05%
Cash 		5.14% -52.00% 48.02% 30.44%
Convertible Bonds 		1.03% 0.00% 17.89% 53.19%
Preferred Stocks 		0.00% 0.00% 4.97% 89.03%
Other 		0.00% -39.08% 99.96% 82.32%

Stock Sector Breakdown

Weighting Return Low Return High NCOIX % Rank
Utilities 		0.00% 0.00% 100.00% 99.18%
Technology 		0.00% 0.00% 33.17% 4.10%
Real Estate 		0.00% 0.00% 86.71% 99.18%
Industrials 		0.00% 0.00% 93.12% 99.59%
Healthcare 		0.00% 0.00% 22.17% 99.18%
Financial Services 		0.00% 0.00% 100.00% 99.59%
Energy 		0.00% 0.00% 100.00% 99.59%
Communication Services 		0.00% 0.00% 99.99% 4.10%
Consumer Defense 		0.00% 0.00% 100.00% 99.39%
Consumer Cyclical 		0.00% 0.00% 100.00% 99.39%
Basic Materials 		0.00% 0.00% 100.00% 99.18%

Stock Geographic Breakdown

Weighting Return Low Return High NCOIX % Rank
US 		8.58% 0.00% 99.64% 5.07%
Non US 		0.00% -0.01% 0.83% 84.12%

Bond Sector Breakdown

Weighting Return Low Return High NCOIX % Rank
Corporate 		93.37% 0.00% 100.00% 64.10%
Cash & Equivalents 		5.14% 0.00% 48.02% 26.02%
Derivative 		0.00% -14.19% 42.26% 78.89%
Securitized 		0.00% 0.00% 97.24% 90.66%
Municipal 		0.00% 0.00% 1.17% 82.95%
Government 		0.00% 0.00% 99.07% 87.05%

Bond Geographic Breakdown

Weighting Return Low Return High NCOIX % Rank
US 		91.49% 0.00% 126.57% 64.81%
Non US 		0.00% 0.00% 96.91% 89.20%

NCOIX - Expenses

Operational Fees

NCOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.84% 0.02% 38.33% 61.11%
Management Fee 0.59% 0.00% 1.75% 61.34%
12b-1 Fee 0.00% 0.00% 1.00% 12.87%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

NCOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NCOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 51.02%

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.

NCOIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 134.00% 1.00% 255.00% 96.60%

NCOIX - Distributions

Dividend Yield Analysis

NCOIX Category Low Category High NCOIX % Rank
Dividend Yield 7.47% 0.00% 11.76% 11.71%

Dividend Distribution Analysis

NCOIX Category Low Category High Category Mod
Dividend Distribution Frequency None Quarterly Monthly Monthly

Net Income Ratio Analysis

NCOIX Category Low Category High NCOIX % Rank
Net Income Ratio 4.66% -2.39% 9.30% 36.00%

Capital Gain Distribution Analysis

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

Distributions History

View More +

NCOIX - Fund Manager Analysis

Managers

Scott Caraher

Start Date

Tenure

Tenure Rank

May 23, 2019

3.02

3.0%

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.

Jean Lin

Start Date

Tenure

Tenure Rank

Aug 17, 2020

1.79

1.8%

Jean C. Lin, CFA, entered the financial services industry in 1994. She joined Nuveen Asset Management, LLC as Managing Director, Portfolio Manager and High-Yield Research Analyst in September 2018. She also serves as Managing Director, Portfolio Manager and High-Yield Research Analyst for Teachers Advisors, LLC, TIAA-CREF Investment Management, LLC and other advisory affiliates of TIAA. She joined TIAA in 1994.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.32 8.17

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