Nuveen Floating Rate Income Fund/Closed-end Fund
The Nuveen Floating Rate Income Fund (JFR) is a type of investment known as a closed-end fund. Its main objective is to generate a high level of current income. To do this, it primarily invests in senior loans, which are a form of corporate debt. These loans are 'floating rate', meaning the interest they pay can adjust over time, often in line with broader market interest rates. The fund focuses heavily on 'secured' senior loans, which are backed by specific company assets, and also invests in some high-quality unsecured loans. It may also hold a smaller portion of its assets in other types of debt securities. As with any investment, it's important to remember that the value of the fund can go down as well as up, and past performance is not a reliable indicator of future results. The fund is managed by Nuveen Fund Advisors, LLC.
Stock Performance Snapshot
Dividend
Nuveen Floating Rate Income Fund's dividend yield of 12.78% is very attractive for income-seeking investors. If you invested $1000 you would be paid $127.80 a year in dividends (based on the last 12 months).
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Why You’ll Want to Watch This Stock
A Focus On Income
The fund is structured with the primary goal of generating current income, which might interest investors with that specific financial goal. As always, income is not guaranteed.
Navigating Interest Rates
By investing in floating-rate assets, the fund's potential returns can adjust to changes in market interest rates. This is a feature investors often watch in a shifting economy.
Seniority in Structure
The fund's focus on senior loans means it holds debt that is higher up in the repayment queue. This structural choice is a key part of its strategy but does not remove credit risk.
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