- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 333 West Wacker Dr. Chicago IL United States of America 60606
- IPO Date
- Dec 9, 2009
- Business
- Nuveen Flexible Income Fund Class I (NWQIX) is an open-end mutual fund that seeks current income and capital appreciation through investments in corporate securities across the capital structure, including debt and equity instruments, based on the investment team's assessment of relative value and risk. The Fund primarily allocates to U.S. bonds (approximately 44%), U.S. stocks (9%), non-U.S. bonds (8%), cash (4%), and other assets; top holdings include Vistra Corp 8%, Citigroup Inc. 6.25%, Columbia Pipelines Operating Co. LLC 6.54%, Energy Transfer LP 8%, and Regal Rexnord Corporation 6.4%, with sector emphases in financial services, industrials, technology, healthcare, and consumer defensive. It operates within the multisector bond category, targeting institutional and high-net-worth investors with a minimum initial investment of $100,000 for Class I shares, a net expense ratio of 0.71%, and daily pricing, available for sale in the United States.
Launched on December 9, 2009, the Fund is managed under Nuveen Investment Trust V, with headquarters associated with Nuveen in Chicago, Illinois, and legal address c/o CT Corporation System in Boston, Massachusetts; Nuveen, founded in 1898, serves as a subsidiary of TIAA and manages over $1 trillion in assets globally, with major operations in Chicago, New York, and Charlotte.
Recent changes include the addition of James Stephenson as portfolio manager effective March 25, 2025, joining Susi Budiman, Thomas Ray, and Stephen Pena; Thomas Ray retired effective October 1, 2025, with no anticipated impact on the investment strategy. The Fund maintains its flexible multisector approach amid Nuveen's broader expansions, such as the October 2025 introduction of a global multi-asset infrastructure platform and strategic partnerships in private capital.