Why are folks filling up this board with NFI? Basic courtesy suggests you go to that thread. Thanks.
Relatively high risk for NLY, although the price has been amazingly steady for several years now--hard to beat the 11% plus return as long as the glue holds everything together. The bulk (I think over 75%) of holdings is in top two classes and nothihg below BBB. Close to three quarters is in variable interest rate of some form that give some additional protection.