Nuveen Floating Rate Income Fund (NYSE: JFR) is a diversified, closed-end management investment company that seeks to provide current income by primarily investing in floating rate senior loans and other floating rate debt instruments. The fund focuses on senior secured loans issued by U.S. and non-U.S. corporations, aiming to benefit from variable interest payments that adjust with prevailing short-term rates and to help mitigate interest-rate risk. In pursuing its objective, the fund may also allocate assets to high-yield corporate debt, bank debt and other floating-rate instruments across a range of industries.
The fund employs leverage and a disciplined credit review process to enhance income generation. Portfolio managers conduct fundamental credit analysis to select loans with seniority, strong covenants and established lenders, seeking to balance yield potential against credit quality. The floating rate structure of the portfolio is designed to adjust coupons in step with rising benchmark rates, which can help preserve principal value when interest rates increase while still offering attractive income components during rate declines.
Nuveen Floating Rate Income Fund is managed by Nuveen Asset Management, a global investment manager with roots dating back to 1898. As part of TIAA, one of the largest retirement providers in the United States, Nuveen oversees a broad spectrum of equity, fixed-income, alternatives and impact-driven strategies. The fund team leverages the firm’s deep credit research capabilities and established lending relationships to source and monitor lending opportunities across North America, Europe and select emerging markets.
Since its initial public offering, the fund has sought to deliver monthly distributions to investors seeking a combination of income and potential capital preservation. With a professional management approach and access to the scale and resources of Nuveen and TIAA, the fund aims to offer investors a differentiated strategy in the floating rate market segment.
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