JFR:NYE-Nuveen Floating Rate Income Fund (USD)

ETF | Steel | New York Stock Exchange

Last Closing

USD 8.79

Change

+0.05 (+0.57)%

Market Cap

USD 0.64B

Volume

0.45M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The investment objective is to achieve a high level of current income. At least 80% of its assets will be invested in adjustable rate secured senior loans and adjustable rate unsecured senior loans. At least 65% of its assets will be invested in senior loans that are secured by specific collateral. Up to 20% of its assets may be invested in 1) other debt securities such as investment and non-investment grade debt securities, 2) mortgage-related and other asset-backed securities, and 3) debt securities and other instruments issued by government or government-related issuers. An average duration of one year or less is expected for its senior loans and other debt instruments. It will not invest in inverse floating rate securities. Up to 20% of its assets may be invested in securities of non-U.S. issuers. It may invest up to 50% of its assets in securities that are illiquid at the time of investment.

Inception Date: 25/03/2004

Primary Benchmark: NA

Primary Index: BBgBarc US Agg Bond TR USD

Gross Expense Ratio: 2.46%

Management Expense Ratio:

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-05-15 )

Largest Industry Peers for Steel

Symbol Name Mer Price(Change) Market Cap
NUE Nucor Corp 0.00 %

-4.50 (-3.06%)

USD 33.62B
RS Reliance Steel & Aluminum Co 0.00 %

-4.76 (-1.62%)

USD 15.80B
TX Ternium SA ADR 0.00 %

-0.77 (-2.21%)

USD 6.96B
CLF Cleveland-Cliffs Inc 0.73 %

-0.53 (-3.86%)

USD 6.12B
SIM Grupo Simec SAB de CV ADR 0.00 %

+0.52 (+2.02%)

USD 4.53B
MTUS Metallus, Inc 0.00 %

-0.22 (-1.51%)

USD 0.63B
MSB Mesabi Trust 0.00 %

-0.79 (-3.21%)

USD 0.33B
FRD Friedman Industries Inc 0.00 %

+0.35 (+2.50%)

USD 0.10B
PKX POSCO Holdings Inc 0.00 %

-1.47 (-2.36%)

N/A
GGB Gerdau SA ADR 0.00 %

-0.01 (-0.31%)

N/A

ETFs Containing JFR

YYY Amplify High Income ETF 3.09 % 0.50 %

-0.12 (-0.99%)

USD 0.53B
CEFL 0.00 % 0.00 %

N/A

N/A

Market Performance

  Market Performance vs. Industry/Classification (Steel) Market Performance vs. Exchange (New York Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 6.93% 75% C 61% D-
Dividend Return 5.17% 91% A- 97% N/A
Total Return 12.10% 81% B- 76% C+
Trailing 12 Months  
Capital Gain 9.87% 53% F 51% F
Dividend Return 10.36% 92% A 93% A
Total Return 20.24% 60% D- 62% D
Trailing 5 Years  
Capital Gain -11.03% 31% F 32% F
Dividend Return 36.83% 85% B 90% A-
Total Return 25.79% 31% F 47% F
Average Annual (5 Year Horizon)  
Capital Gain -1.94% 13% F 31% F
Dividend Return 5.99% 13% F 53% F
Total Return 7.93% 94% A 92% A
Risk Return Profile  
Volatility (Standard Deviation) 16.26% 100% F 65% D
Risk Adjusted Return 36.83% 25% F 59% D-
Market Capitalization 0.64B 59% D- 82% B

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.