Nuveen Credit Strategies Income Fund·Financial Services
Nuveen Credit Strategies Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc. The fund is managed by Symphony Asset Management, LLC. It invests in the fixed income and public equity markets of the United States. The fund invests in senior secured and second lien loans, preferred securities, convertible securities and related instruments. It seeks to invest in investment grade securities. The fund employs fundamental analysis with a focus on bottom-up stock picking approach based on factors such as interest rate levels, conditions and developing trends in the bond and equity markets, analysis of relative valuations for preferred, convertible and other debt instruments, and other economic and market factors, including the overall outlook for the economy and inflation to create its portfolio. The Fund uses leverage .It benchmarks the performance of its portfolio against Barclays Capital U.S. Aggregate Bond Index. The fund was formerly known as Nuveen Multi-Strategy Income & Growth Fund 2. Nuveen Credit Strategies Income Fund was formed on June 25, 2003 and is domiciled in the United States.
Financial Services
Asset Management - Income
2003-06-26
0.41

The Nuveen Credit Strategies Income Fund (JQC) is upgraded to 'Buy' as variable-rate debt now benefits from a higher-for-longer rate outlook. JQC's 12.27% yield is supported by a leveraged, mostly speculative-grade, variable-rate loan portfolio, making it attractive versus peers and indices. Recent inflation trends and oil price shocks diminish the likelihood of near-term Fed rate cuts, favoring JQC's variable-rate exposure.

While most of Wall Street focuses on large- and mega-cap stocks, which offer safety and liquidity, many investors are constrained in the number of shares they can buy.

Nuveen Credit Strategies Income Fund (NYSE: JQC - Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 204,971 shares, a growth of 431.2% from the December 31st total of 38,585 shares. Based on an average daily volume of