Nuveen Floating Rate Income Fund
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 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
14% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 49
2.79% less ownership
Funds ownership: 30.67% [Q2] → 27.89% (-2.79%) [Q3]
7% less funds holding
Funds holding: 166 [Q2] → 154 (-12) [Q3]
12% less capital invested
Capital invested by funds: $356M [Q2] → $311M (-$44.4M) [Q3]
48% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 25
Research analyst outlook
We haven’t received any recent analyst ratings for JFR.
Financial journalist opinion
Positive
24/7 Wall Street
1 month ago
These 10 Dividend Stocks Are Generating $520 In Dividend Income Every Month
According to
Negative
Seeking Alpha
2 months ago
JFR: Interest Rate Cuts Will Pressure Yield, There Are Better Plays (Downgrade)
The Nuveen Floating Rate Income Fund offers an attractive 11.50% yield, but is unlikely to maintain this due to expected Federal Reserve interest rate cuts. The fund's reliance on floating-rate senior loans means its income will decrease as interest rates decline, making its current distribution unsustainable. The fund failed to cover its distribution fully out of NII in the most recent year.
Positive
Seeking Alpha
4 months ago
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.
Positive
Seeking Alpha
5 months ago
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.
Neutral
Business Wire
6 months ago
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.
Positive
Seeking Alpha
6 months ago
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.
Neutral
Seeking Alpha
6 months ago
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.
Positive
24/7 Wall Street
8 months ago
Want $15,750 In Passive Income? Invest $30,000 In These Dividend Stocks
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored) Are you ready for retirement?
Positive
Seeking Alpha
9 months ago
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.
Negative
Seeking Alpha
10 months ago
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.
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