Nuveen Credit Strategies Income Fund (JQC) Stock
The Nuveen Credit Strategies Income Fund, a closed-end balanced mutual fund, was established by Nuveen Investments, Inc. and is actively managed by Symphony Asset Management, LLC.
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About Nuveen Credit Strategies Income Fund
The Nuveen Credit Strategies Income Fund, a closed-end balanced mutual fund, was established by Nuveen Investments, Inc. and is actively managed by Symphony Asset Management, LLC. This U.S.-domiciled fund, formed on June 25, 2003, and previously known as Nuveen Multi-Strategy Income & Growth Fund 2, strategically allocates capital within the fixed income and public equity markets of the United States. Its investment mandate specifically targets senior secured and second-lien loans, preferred securities, convertible securities, and other related instruments, with a primary objective to acquire investment-grade securities. Portfolio construction is grounded in a fundamental analysis approach, emphasizing bottom-up security selection. This analytical framework thoroughly considers elements such as prevailing interest rate levels, the evolving conditions and trends within both bond and equity markets, comparative valuations of preferred, convertible, and other debt instruments, alongside broader economic and market indicators like the overall economic outlook and inflation. The fund incorporates leverage into its operations and measures its performance against the Barclays Capital U.S. Aggregate Bond Index.
Nuveen Credit Strategies Income Fund is headquartered in US.
Nuveen Credit Strategies Income Fund (JQC) stock trades at $4.77 with a market capitalization of $705.09M. The stock is valued at a price-to-earnings (P/E) ratio of 14.45, price-to-book of 0.87, price-to-sales of 7.41. Over the past 52 weeks the stock has ranged between $4.62 and $5.58, and currently trades 14.5% below its 52-week high. It pays a dividend yielding 12.37%.
On profitability, Nuveen Credit Strategies Income Fund generates a return on equity (ROE) of 5.83%, return on capital employed of 7.86%, an operating margin of 78.76%, a net profit margin of 50.54%.
Official website: www.nuveen.com/CEF/Product/Overview.aspx?FundCode=JQC&refsrc=vu_nuveen.com/jqc