JQC: 12% Yielding Fixed Income CEF, Currently Overpriced [Seeking Alpha]
Nuveen Credit Strategies Income Fund Shares of Beneficial Interest (JQC)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=jqc
Company Research
Source: Seeking Alpha
The fund's discount to NAV has rallied significantly, becoming overpriced and at the top of its historic range. Credit spreads are currently very tight, indicating an optimistic market outlook, but the next move is expected to be towards wider spreads. JQC has a low duration of 0.95 years, and has managed an impressive return exceeding 15% in 2023. Active investment management can see trimming of certain positions, even when still holding a certain percentage as a core long-term holding. Thesis Nuveen Credit Strategies Income Fund ( NYSE: JQC ) is a fixed income CEF. The vehicle comes from a very well-known asset management platform in Nuveen, and has posted robust long-term results. The fund is focused on leveraged loans, asset class which makes up over 73% of the collateral, with the rest allocated to corporate bonds. JQC has been correctly set-up for higher rates via its collateral pool, and has managed to post impressive results in the past year, being up over 15% in
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JQC
Sec Filings
- 4/3/24 - Form N-CSRS
- 3/21/24 - Form NPORT-P
- 3/11/24 - Form 3
- JQC's page on the SEC website