Nuveen High Yield Income Fund (NCOIX)

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Nuveen High Yield Income Fund (NCOIX) is up 2.5% since the beginning of the year. NCOIX is currently trading at $18 per share. Investors who bought $1,000 worth of NCOIX shares 5 years ago would now be looking at an investment worth $1,335.

Nuveen High Yield Income Fund (NCOIX) has returned 2.49% so far this year and 9.49% over the past 12 months. Over the last ten years, NCOIX has returned 6.45% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Apr 28, 2010, NCOIX's average daily return is +0.02%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.

Historically, 69% of months were positive and 31% were negative. The best month was Oct 2011 with a return of +6.5%, while the worst month was Mar 2020 at -13.5%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.

On a daily basis, NCOIX closed higher 49% of trading days. The best single day was Mar 26, 2020 with a return of +3.6%, while the worst single day was Mar 16, 2020 at -4.1%.

Nuveen High Yield Income Fund has an annualized alpha of 4.13%, beta of 0.15, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since April 28, 2010.

• This fund participated in 35.42% of S&P 500 Index downside but only 35.14% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.15 may look defensive, but with R2 of 0.25 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.25 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

NCOIX has an expense ratio of 0.74%, placing it in the medium range.

NCOIX ranks 93 for risk / return — in the top 93% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Nuveen High Yield Income Fund provided a 8.15% dividend yield over the last twelve months, with an annual payout of $1.45 per share.

The table displays the monthly dividend distributions for Nuveen High Yield Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Nuveen High Yield Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Nuveen High Yield Income Fund was 23.02%, occurring on Mar 23, 2020. Recovery took 180 trading sessions.

The current Nuveen High Yield Income Fund drawdown is 0.17%.

The chart below shows the rolling one-month volatility.