Nuveen Flexible Income Fund Class A
NWQAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 333 West Wacker Dr. Chicago IL United States of America 60606
- IPO Date
- Dec 9, 2009
- CIK
- 0001380786
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen Flexible Income Fund Class A (NWQAX) is an open-end mutual fund that seeks current income and capital appreciation through investments in income-producing debt securities, preferred securities, convertible securities, and corporate securities across the capital structure; under normal market conditions, it invests at least 80% of its net assets in such securities, including without limit in below-investment-grade or high-yield bonds, with allocations to U.S. bonds, non-U.S. bonds, U.S. stocks, and other assets based on the portfolio management team's assessment of relative value and risk. The fund offers share classes including Class A (NWQAX), Class C (NWQCX), Class I (NWQIX), and Class R6 (NWQFX), targeting retail and institutional investors seeking multisector bond exposure with a focus on mid-credit quality and limited interest-rate sensitivity. Launched on December 9, 2009, as part of Nuveen Investment Trust V, the fund is managed by Nuveen Asset Management, LLC, the investment management arm of Nuveen, a TIAA company founded in 1898 and headquartered at 333 West Wacker Drive in Chicago, Illinois, with primary operations in the United States. Portfolio management includes Susi Budiman (since 2015), Stephen Pena (since 2022), and James Stephenson (since March 25, 2025), following the retirement of Thomas Ray on October 1, 2025; these recent changes to the management team are not expected to alter the fund's overall investment strategy. The fund maintains total net assets of approximately $854 million for Class A shares within a broader series AUM, with a net expense ratio of 0.96% and a front-end load of 4.75%. Top holdings as of recent data include securities from issuers such as Vistra Corp., Western Digital Corp., Citigroup Inc., Energy Transfer LP, and Wells Fargo & Co., representing diversified exposure across financial services, technology, industrials, and energy sectors primarily in the United States. Nuveen, as the fund's sponsor, has pursued broader strategic expansions including a September 2025 partnership with Temasek Holdings and Hunter Point Capital for minority investments in its Nuveen Private Capital platform; a July 2025 strategic relationship with Transamerica and TIAA to offer Nuveen target-date funds with embedded lifetime income; a majority stake acquisition in Ally Energy Solutions in late 2025 to accelerate U.S. decarbonization efforts; and launches of municipal bond active ETFs in January 2025. These initiatives reflect Nuveen's ongoing commitment to product innovation and growth across fixed income, private markets, and retirement solutions, while the Flexible Income Fund continues to emphasize opportunistic income generation without direct involvement in these parent-level developments.