Nuveen Floating Rate Income Fund·Financial Services
Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc. It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in adjustable rate secured and unsecured senior loans. Nuveen Floating Rate Income Fund was formed on March 24, 2004 and is domiciled in the United States.
Financial Services
Asset Management - Income
0
2004-03-25
0.40
Market Peers







VVR: Avoid This Floating-Rate Fund For The Time Being

Nuveen Floating Rate Income Fund remains a hold as declining interest rates threaten dividend sustainability and total return appeal. JFR trades at a 6.99% discount to NAV, less attractive than its historical average, with valuation risk heightened by falling rates. With 89.3% of assets below investment grade and 36.62% leverage, JFR faces elevated default and spread compression risks in a lower-rate environment.