Nuveen Credit Strategies Income Fund (JQC)
The Nuveen Credit Strategies Income Fund, a closed-end balanced mutual fund, was established by Nuveen Investments, Inc. and is actively managed by Symphony Asset Management, LLC. This U.S.-domiciled fund, formed on June 25, 2003, and previously known as Nuveen Multi-Strategy Income & Growth Fund 2, strategically allocates capital within the fixed income and public equity markets of the United States. Its investment mandate specifically targets senior secured and second-lien loans, preferred securities, convertible securities, and other related instruments, with a primary objective to acquire investment-grade securities. Portfolio construction is grounded in a fundamental analysis approach, emphasizing bottom-up security selection. This analytical framework thoroughly considers elements such as prevailing interest rate levels, the evolving conditions and trends within both bond and equity markets, comparative valuations of preferred, convertible, and other debt instruments, alongside broader economic and market indicators like the overall economic outlook and inflation. The fund incorporates leverage into its operations and measures its performance against the Barclays Capital U.S. Aggregate Bond Index.
Industry: Asset Management - Income
Nuveen Credit Strategies Income Fund
NYSE:JQCFinancial Services · Asset Management - Income
+0.22%$4.48
AH Close$4.48+0.00%vs close
AH Close$4.48+0.00%vs close
Mkt Cap$662.22M
Float135.61M
O/S147.82M
Inst Own34.7%
SI0.8%
Div Yield13.66%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$86.85M
Net Income$44.73M
Total Assets$1.33B
Free Cash Flow$42.28M
Debt & Equity
Debt 38%
Equity 62%
Total Debt$493.56M
Total Equity$789.58M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in JQC's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.33B
Liabilities$542.66M
Accounts Receivable$15.98M
Accounts Payable$38.02M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 | 2018-07-31 | 2017-07-31 | 2016-07-31 | 2015-07-31 | 2014-07-31 | 2013-07-31 |
| Revenue | $86.85M | $107.28M | $100.43M | $31.74M | -$44.5M | $121.8M | -$64.3M | $40.15M | $45.35M | $96.25M | $108.23M | $111.51M | $105.95M | $123.06M |
| YoY Growth | -19.0% | 6.8% | 216.4% | -171.3% | -136.5% | -289.4% | -260.1% | -11.5% | -52.9% | -11.1% | -2.9% | 5.2% | -13.9% | - |
| Cost of Revenue | $11.11M | $11.94M | $30.75M | $12.61M | $12.26M | $12.53M | $13.79M | $15.72M | $16.26M | $16.56M | $0 | $0 | $0 | $0 |
| Gross Profit | $75.74M | $80.94M | $100.43M | $19.13M | -$56.76M | $109.26M | -$78.09M | $24.44M | $29.09M | $79.69M | $108.23M | $111.51M | $105.95M | $123.06M |
| Gross Margin | 87.2% | 75.5% | 100.0% | 60.3% | 127.5% | 89.7% | 121.4% | 60.9% | 64.1% | 82.8% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $1 | -$1 | $2 | -$2 | $1 | $1 | $1 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $12.93M | $2.36M | $2.36M | $1.44M | $1.39M | $1.12M | $826K | $956K | $1.06M | $17.39M | $17.69M | $17.33M | $16.79M |
| Other | $6.63M | $0 | $0 | $43.75M | $3K | $10K | $4K | $7K | $9K | $5K | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $6.63M | $12.93M | $2.36M | -$43.75M | $1.44M | $1.4M | $1.13M | $832K | $964K | $1.07M | $99.82M | $76.87M | $5.98M | $50.26M |
| Operating Income (EBIT) | $69.1M | $92.37M | $98.07M | $62.88M | -$37.88M | $120.4M | -$65.43M | $39.32M | $64.99M | $110.73M | $90.84M | $93.82M | $88.62M | $106.27M |
| Operating Margin | 79.6% | 86.1% | 97.6% | 198.1% | 85.1% | 98.9% | 101.8% | 97.9% | 143.3% | 115.0% | 83.9% | 84.1% | 83.6% | 86.4% |
| Interest Expense | $24.37M | $0 | $30.75M | $24.9M | $8.06M | $7.61M | $17.72M | $24.8M | $20.61M | $15.55M | $0 | $0 | $0 | $0 |
| Interest Income | $103.34M | -$27.01M | $116.24M | $106.48M | $67.02M | $63.11M | $83.41M | $101.95M | $94.57M | $99.27M | $12.48M | $9.4M | $7.77M | $7.23M |
| Other Income (Expense) | -$24.37M | -$28.39M | $0 | -$57.87M | $12.26M | $68.9M | $13.79M | -$48.1M | -$36.05M | $8.9M | -$94.9M | -$68.58M | $15.55M | $59.81M |
| Income Before Tax (EBT) | $44.73M | $63.99M | $98.07M | $37.99M | -$45.94M | $120.4M | -$65.43M | $39.32M | $44.38M | $95.18M | -$4.06M | $25.24M | $104.17M | $166.08M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $62.62M | -$161K | $110.73M | $0 | $0 | $0 | $0 |
| Net Income | $44.73M | $63.99M | $98.07M | $37.99M | -$45.94M | $120.4M | -$65.43M | $39.32M | $44.38M | $95.18M | -$4.06M | $25.24M | $104.17M | $166.08M |
| Net Income Margin | 51.5% | 59.6% | 97.6% | 119.7% | 103.2% | 98.9% | 101.8% | 97.9% | 97.9% | 98.9% | -3.8% | 22.6% | 98.3% | 135.0% |
| Supplementary Data | ||||||||||||||
| EPS | 0.30 | 0.43 | 0.72 | 0.28 | -0.34 | 0.89 | -0.48 | 0.29 | 0.33 | 0.70 | -0.03 | 0.19 | 0.76 | 1.42 |
| Diluted EPS | 0.30 | 0.43 | 0.72 | 0.28 | -0.34 | 0.89 | -0.48 | 0.29 | 0.32 | 0.70 | -0.03 | 0.19 | 0.76 | 1.42 |
| Weighted Average OS | 147.82M | 147.82M | 135.61M | 135.61M | 135.61M | 135.61M | 135.61M | 135.61M | 135.77M | 135.77M | 135.77M | 136.07M | 136.22M | 116.92M |
| EBITDA | $69.1M | $92.37M | $98.07M | $62.96M | -$96.08M | $51.5M | -$126.93M | $64.12M | $64.99M | $95.18M | $90.84M | $93.82M | $88.62M | $0 |
| EBITDA Margin | 79.6% | 86.1% | 97.6% | 198.4% | 215.9% | 42.3% | 197.4% | 159.7% | 143.3% | 98.9% | 83.9% | 84.1% | 83.6% | - |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 | 2018-07-31 | 2017-07-31 | 2016-07-31 | 2015-07-31 | 2014-07-31 | 2013-07-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $17 | $508K | $278K | $3.47M | $2.08M | $3.79M | $6.04M | $0 | $1K | $218K | $0 | $0 | $0 | $4.87M |
| Short-Term Investments | $68.51M | $0 | $0 | $32.05M | $0 | $0 | $0 | $104.68M | $66.71M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $68.51M | $59.17M | $278K | $35.52M | $2.08M | $3.79M | $6.04M | $104.68M | $66.71M | $218K | $0 | $0 | $0 | $4.87M |
| Accounts Receivable | $15.98M | $17.16M | $25.23M | $21.94M | $53.37M | $57.6M | $33.68M | $19.3M | $45.09M | $49.41M | $76.72M | $107.47M | $38.88M | $55.39M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$58.4M | $315K | $953K | $17K | $17K | $17K | $0 | $0 | $1.23M | $105.73M | $73.5M | $111.75M | $100.81M |
| Total Current Assets | $84.49M | $17.93M | $25.81M | $26.35M | $55.45M | $61.39M | $39.72M | $19.3M | $45.09M | $50.86M | $182.45M | $180.97M | $150.63M | $161.07M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.25B | $1.38B | $1.31B | $1.26B | $1.35B | $1.52B | $1.47B | $1.9B | $1.99B | $1.76B | $1.9B | $2.08B | $1.94B | $1.85B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $277K | $261K | $1.33B | $32.05M | -$1.35B | -$1.52B | -$1.47B | -$1.9B | -$1.99B | $225.31M | $409K | $336K | $849K | $669K |
| Total Long-Term Assets | $1.25B | $1.38B | $1.31B | $1.29B | $1.35B | $1.52B | $1.47B | $1.9B | $1.99B | $1.99B | $1.9B | $2.08B | $1.94B | $1.85B |
| Other Assets | $0 | $0 | $0 | $0 | $583K | $536K | $448K | $399K | $414K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.33B | $1.4B | $1.33B | $1.32B | $1.41B | $1.58B | $1.51B | $1.92B | $2.03B | $2.04B | $2.08B | $2.26B | $2.09B | $2.02B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $38.02M | $54.25M | $28.12M | $27.48M | $52.22M | $95.96M | $60.17M | $76.85M | $86.39M | $57.6M | $108.3M | $104.07M | $76.72M | $58.26M |
| Short-Term Debt | $354.15M | $354.26M | $354.41M | $0 | $0 | $0 | $0 | $0 | $0 | $561M | $561M | $640M | $606M | $670K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $2.64M | -$7.16M | -$336M | $95.96M | $60.17M | -$616.15M | -$58.61M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $9.77M | $7.81M | $4.54M | -$29.99M | -$52.52M | -$95.96M | -$60.17M | $690.88M | $558.82M | $7.06M | $6.91M | $6.72M | $5.85M | $10.67M |
| Total Current Liabilities | $401.94M | $419.07M | $392.35M | $390.76M | $52.22M | $95.96M | $60.17M | $76.85M | $86.39M | $629.46M | $679.08M | $753.7M | $690.65M | $69.6M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $493.56M | $140.25M | $139.41M | $354.66M | $140.05M | $544.12M | $0 | $693M | $145M | $145M | $145.23M | $160.19M | $2.74M | $565.16M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $49.1M | $0 | $0 | $0 | -$140.05M | -$544.12M | $0 | -$693M | -$145M | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $542.66M | $140.25M | $139.41M | $139.6M | $52.22M | $545.96M | $519M | $693M | $706M | $145M | $145.23M | $160.19M | $2.74M | $565.16M |
| Other Liabilities | $0 | $0 | $0 | $0 | $478.19M | $2.16M | $1.7M | $1.93M | $2.19M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $542.66M | $559.31M | $531.76M | $530.37M | $582.62M | $644.08M | $580.86M | $771.77M | $794.59M | $774.46M | $824.31M | $913.9M | $693.39M | $634.76M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $325.44M | $232.35M | $312.11M | $193.63M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.48M | $1.48M | $1.36M | $1.36M | $1.36M | $1.36M | $1.36M | $1.36M | $1.36M | $1.36M | $1.36M | $1.36M | $1.36M | $1.36M |
| Retained Earnings | -$365.91M | -$343.5M | -$339.14M | -$359.94M | -$325.44M | -$232.35M | -$312.11M | -$193.63M | -$21.89M | -$132.44M | -$431.78M | -$494.6M | -$444.31M | -$465.21M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$325.44M | -$232.35M | -$312.11M | -$193.63M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.15B | $1.18B | $1.14B | $1.15B | $1.15B | $1.17B | $1.24B | $1.34B | $1.26B | $1.4B | $1.69B | $1.84B | $1.84B | $1.84B |
| Total Equity | $789.58M | $837.31M | $801.04M | $789.96M | $827.03M | $937.71M | $932.8M | $1.15B | $1.24B | $1.27B | $1.26B | $1.34B | $1.4B | $1.38B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.33B | $1.4B | $1.33B | $1.32B | $1.41B | $1.58B | $1.51B | $1.92B | $2.03B | $2.04B | $2.08B | $2.26B | $2.09B | $2.02B |
| Supplementary Data | ||||||||||||||
| Total Debt | $493.56M | $494.5M | $493.82M | $493.78M | $388.98M | $545.96M | $519M | $693M | $706M | $706M | $706.23M | $800.19M | $608.74M | $565.83M |
| Net Debt | $493.56M | $493.99M | $493.55M | $490.31M | $386.9M | $542.17M | $512.96M | $693M | $706M | $705.78M | $706.23M | $800.19M | $608.74M | $560.96M |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 | 2018-07-31 | 2017-07-31 | 2016-07-31 | 2015-07-31 | 2014-07-31 | 2013-07-31 |
| Operating Activities | ||||||||||||||
| Net Income | $44.73M | $63.99M | $98.07M | $37.99M | -$45.94M | $120.4M | -$65.43M | $39.32M | $44.38M | $95.18M | -$4.06M | $25.24M | $104.17M | $166.08M |
| Depreciation & Amortization | $0 | -$133K | $0 | $71K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $1.18M | $8.06M | -$3.29M | $31.43M | $4.22M | -$23.92M | -$14.38M | $25.79M | $4.36M | $27.39M | $30.75M | -$68.59M | $16.51M | $2.23M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$16.05M | $26.13M | $637K | -$18.66M | -$42.79M | $40.21M | -$12.35M | -$18.5M | $21.69M | -$50.68M | $0 | $0 | $0 | $0 |
| Other Working Capital | -$124K | $719K | $710K | -$370K | -$838K | $1.94M | -$1.49M | -$233K | $445K | $671K | -$780K | $4.32M | -$3.3M | $1.49M |
| Total Working Capital Change | -$15M | $34.93M | -$1.94M | $12.41M | -$39.4M | $18.23M | -$28.21M | $7.06M | $27.29M | -$22.76M | $29.97M | -$64.26M | $13.21M | $3.72M |
| Other Non-Cash Items | $12.54M | -$5.6M | -$12.92M | $13.28M | $166.26M | -$46.38M | $430.36M | $82.5M | $2.76M | $12.64M | $153.32M | -$79.24M | -$76.67M | -$71.26M |
| Net Cash from Operating | $42.28M | $93.18M | $83.21M | $76.45M | $80.91M | $92.24M | $336.72M | $128.88M | $74.42M | $85.06M | $179.22M | -$118.26M | $40.71M | $98.54M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$605.04M | -$468.1M | -$495.8M | -$412.67M | -$489.72M | -$617.33M | -$843.73M | -$935.98M | -$883.39M | -$877.74M | $0 | $0 | $0 | $0 |
| Sales of Investments | $665.15M | $424.26M | $517.67M | $360.31M | $567.98M | $631.48M | $1.09B | $1.03B | $857.74M | $888.66M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $104.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $60.11M | -$43.84M | $21.87M | $52.36M | $78.26M | $14.16M | $246.34M | $97.3M | -$25.65M | $10.92M | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | $34.4M | $156M | -$12 | $78M | $81M | - | - | $14.97M | -$160.19M | -$45M | - |
| Common Stock Issuance | $0 | $62.14M | -$232K | $0 | $0 | $25M | $0 | $70M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | -$108M | -$2M | $0 | $0 | -$2.29M | -$1.24M | -$377K | $0 |
| Dividends Paid | $0 | -$89.22M | -$86.17M | -$74.31M | -$65.91M | -$119.5M | -$156.68M | -$114.7M | -$74.64M | -$84.85M | -$82.97M | -$74.68M | -$90.22M | -$92.49M |
| Other Financing Activities | $0 | $0 | -$232K | $0 | $139.28M | $25M | $0 | $157 | $0 | $0 | -$79M | $33.98M | $19K | $0 |
| Net Cash from Financing | -$93.05M | -$27.08M | -$86.4M | -$108.71M | -$82.63M | -$94.5M | -$330.68M | -$128.88M | -$74.64M | -$84.85M | -$179.22M | $118.26M | -$45.58M | -$92.49M |
| Forex Effect | -$9.85M | -$22.03M | $0 | -$18.71M | -$78.26M | -$14.16M | -$246.34M | -$97.3M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$508K | $231K | -$3.19M | $1.39M | -$1.71M | -$2.25M | $6.04M | -$1K | -$217K | $11.14M | $0 | $0 | -$4.87M | $6.05M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $42.28M | $93.18M | $83.21M | $76.45M | $80.91M | $92.24M | $336.72M | $128.88M | $74.42M | $85.06M | $179.22M | -$118.26M | $40.71M | $98.54M |
| Capital Expenditure | -$3 | -$4 | $0 | $3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $42.28M | $93.18M | $83.21M | $76.45M | $80.91M | $92.24M | $336.72M | $128.88M | $74.42M | $85.06M | $179.22M | -$118.26M | $40.71M | $98.54M |
| Cash at Beginning | $508K | $278K | $3.47M | $2.08M | $3.79M | $6.04M | $0 | $1K | $218K | -$10.92M | $0 | $0 | $0 | $0 |
| Cash at End | $17 | $508K | $278K | $3.47M | $2.08M | $3.79M | $6.04M | $0 | $1K | $218K | $0 | $0 | -$4.87M | $6.05M |