Nuveen Floating Rate Income Fund
JFR

$8.75

0.46%

Market Cap: $1.17B

About: Nuveen Floating Rate Income Fund is a diversified closed-end management investment company. Its investment objective is to achieve a high level of current income, consistent with the preservation of capital. It invests in adjustable-rate U.S. dollar-denominated secured Senior Loans.

0

Funds holding %

of 6,728 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

20% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 49

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

3% less funds holding

Funds holding: 171 [Q1] → 166 (-5) [Q2]

5.97% less ownership

Funds ownership: 32.77% [Q1] → 26.8% (-5.97%) [Q2]

19% less capital invested

Capital invested by funds: $384M [Q1] → $311M (-$72.7M) [Q2]

21% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 24

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Research analyst outlook

We haven’t received any recent analyst ratings for JFR.

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Financial journalist opinion

JFR: Floating Rate Exposure Can Still Have A Place In A Portfolio

Floating rate funds like JFR offer decent distribution yields and should continue to do so despite expected rate cuts, as rates aren't expected to go back to zero. JFR remains relatively attractive compared to peers in the closed-end fund senior loan space, though bargain valuations are tougher to come by in this space. With a high amount of leverage, there is relatively more risk to be cognizant of here, but that can come with greater reward as well.

JFR: Floating Rate Exposure Can Still Have A Place In A Portfolio

JFR: The 11% Yield Is Not Enough To Give A Buy

Nuveen Floating Rate Income Fund focuses on high-yielding fixed income securities, which enables the Fund to offer ~11% yield. A major driver for the double-digit yield is a significant concentration in below investment grade securities. Plus, most of JFR's investments are in floating rate instruments and the FOMC dot plot indicates a potential risk of yield compression.

JFR: The 11% Yield Is Not Enough To Give A Buy

Nuveen Closed-End Funds Declare Distributions

NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Additionally, several funds have announced distribution increases of up to 71%. The distribution.

Nuveen Closed-End Funds Declare Distributions

JFR: Could Be A Good Asset To Add To A Retirement Account Today

The Nuveen Floating Rate Income Fund offers a significantly higher yield than most fixed-rate bond funds, currently at 11.68%. The fund primarily invests in floating-rate securities that deliver a higher level of income when short-term rates rise, while maintaining a relatively stable price. The fund's high yield may not be enough to keep up with inflation after paying taxes on distributions, so holding it in a tax-advantaged account is recommended.

JFR: Could Be A Good Asset To Add To A Retirement Account Today

JFR: Moving This Leveraged Loan Fund To Hold On The Back Of Tight Spreads (Rating Downgrade)

Nuveen Floating Rate Income Fund invests in leveraged loans. We rated JFR as "Buy" previously. JFR has delivered a total return of over 19% since its merger with other Nuveen leveraged loan CEFs. The fund is overweight in single-B credits and has a low allocation to riskier CCC-s.

JFR: Moving This Leveraged Loan Fund To Hold On The Back Of Tight Spreads (Rating Downgrade)

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Nuveen Floating Rate Income: A Discount Means Safety

Nuveen Floating Rate Income Fund is a closed-end fund that primarily invests in floating-rate, senior loans. The fund has a consistent dividend history, with fluctuations based on interest rate trends. JFR has a diversified portfolio, with a concentration in the Hotels, Restaurants, and Leisure industry, which poses a risk in tough economic times.

Nuveen Floating Rate Income: A Discount Means Safety

NHS: This Fund Is Looking Very Expensive Given Current Fundamentals (Rating Downgrade)

Neuberger Berman High Yield Strategies Fund offers a very high level of income with a 13.46% current yield, higher than most other closed-end funds.

NHS: This Fund Is Looking Very Expensive Given Current Fundamentals (Rating Downgrade)

Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies

NEW YORK--(BUSINESS WIRE)--Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the regular monthly and quarterly distributions. In addition, the Board of Trustees has approved updated distribution polices described below under “Monthly & Quarterly Distributions” for The Nuveen Preferred & Income Opportunities Fund (NYSE: JPC), Nuveen Preferred and Income Term Fund (NYSE: JPI), Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD), Nuveen.

Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies

U.S. Court of Appeals for the Second Circuit Upholds that Nuveen-Advised Closed-End Funds Violated the Investment Company Act of 1940

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (collectively with certain of its affiliates, “Saba” or “we”) today commented on the outcome of the lawsuit brought in the United States Court of Appeals for the Second Circuit (the “Court”) by five closed-end funds advised by Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC (collectively, “Nuveen”) – the Nuveen Floating Rate Income Fund (NYSE: JFR), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Short Duration.

U.S. Court of Appeals for the Second Circuit Upholds that Nuveen-Advised Closed-End Funds Violated the Investment Company Act of 1940

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