The Nuveen Floating Rate Income Fund is a closed-end fund that invests in a variety of debt instruments including corporate loans government securities and asset-backed securities. The fund is managed by Nuveen Asset Management LLC and is advised by Nuveen Fund Advisors LLC. The fund’s objective is to provide current income and preserve capital.
The fund’s ticker symbol is FLT and it is traded on the New York Stock Exchange. As of June 30 2020 the fund had $2.8 billion in assets and its NAV was $9.68. The fund’s expense ratio is 0.75%.
The fund’s portfolio is diversified across industries and sectors. The top industries represented in the portfolio are banking/thrifts (19.6%) health care (15.4%) business services (8.4%) and consumer services (7.7%). The fund’s top holdings include loans to Envision Healthcare Holdings Inc. (4.1%) Chesapeake Energy Corporation (3.9%) and Navient Corporation (3.8%).
The fund has a distribution yield of 5.68% and a 30-day SEC yield of 5.42%. The fund’s distribution rate is generally declared monthly and paid monthly.
The fund’s managers seek to achieve the fund’s objective by investing in a variety of floating rate debt instruments. These instruments typically have interest rates that reset periodically based on changes in a reference rate such as LIBOR. This Reset Feature protects the fund from the effects of rising interest rates while still providing the potential for income growth.
The fund is managed using a disciplined investment process that includes fundamental credit analysis and active portfolio management. The fund’s managers conduct in-depth research on each potential investment and carefully monitor the portfolio to ensure that it is positioned to achieve the fund’s objectives.
The Nuveen Floating Rate Income Fund is a closed-end fund that trades on the New York Stock Exchange. The fund’s ticker symbol is FLT and its CUSIP number is 670010. The fund’s objective is to provide current income and preserve capital.
The fund is managed by Nuveen Asset Management LLC and is advised by Nuveen Fund Advisors LLC. The fund’s managers use a disciplined investment process that includes fundamental credit analysis and active portfolio management.
The fund’s portfolio is diversified across industries and sectors. The top industries represented in the portfolio are banking/thrifts (19.6%) health care (15.4%) business services (8.4%) and consumer services (7.7%). The fund’s top holdings include loans to Envision Healthcare Holdings Inc. (4.1%) Chesapeake Energy Corporation (3.9%) and Navient Corporation (3.8%).
The fund has a distribution yield of 5.68% and a 30-day SEC yield of 5.42%. The fund’s distribution rate is generally declared monthly and paid monthly.
The Nuveen Floating Rate Income Fund is a closed-end fund that invests in a variety of debt instruments including corporate loans government securities and asset-backed securities. The fund is managed by Nuveen Asset Management LLC and is advised by Nuveen Fund Advisors LLC. The fund’s objective is to provide current income and preserve capital.
The fund’s ticker symbol is FLT and it is traded on the New York Stock Exchange. As of June 30 2020 the fund had $2.8 billion in assets and its NAV was $9.68. The fund’s expense ratio is 0.75%.
The fund’s portfolio is diversified across industries and sectors. The top industries represented in the portfolio are banking/thrifts (19.6%) health care (15.4%) business services (8.4%) and consumer services (7.7%). The fund’s top holdings include loans to Envision Healthcare Holdings Inc. (4.1%) Chesapeake Energy Corporation (3.9%) and Navient Corporation (3.8%).
The fund has a distribution yield of 5.68% and a 30-day SEC yield of 5.42%. The fund’s distribution rate is generally declared monthly and paid monthly.
The fund’s managers seek to achieve the fund’s objective by investing in a variety of floating rate debt instruments. These instruments typically have interest rates that reset periodically based on changes in a reference rate such as LIBOR. This Reset Feature protects the fund from the effects of rising interest rates while still providing the potential for income growth.
The fund is managed using a disciplined investment process that includes fundamental credit analysis and active portfolio management. The fund’s managers conduct in-depth research on each potential investment and carefully monitor the portfolio to ensure that it is positioned to achieve the fund’s objectives.
What is the symbol of the fund?
The symbol of the fund is JFR.
What is the CUSIP of the fund?
The CUSIP of the fund is 67069Q102.
What is the ticker of the fund?
The ticker of the fund is JFR.
What is the ISIN of the fund?
The ISIN of the fund is US67069Q1026.
What is the net asset value of the fund?
As of February 28 2019 the net asset value of the fund was $15.
04.
What is the management fee of the fund?
The management fee of the fund is 0.
45%.
What is the expense ratio of the fund?
The expense ratio of the fund is 0.
55%.
What is the yield of the fund?
As of February 28 2019 the yield of the fund was 2.
29%.
What is the distribution frequency of the fund?
The distribution frequency of the fund is monthly.
When was the fund’s inception date?
The fund’s inception date was October 31 2007.
What is the minimum initial investment for the fund?
The minimum initial investment for the fund is $1000.
What is the front-end sales charge for the fund?
The front-end sales charge for the fund is 5.
75%.
What is the deferred sales charge for the fund?
The deferred sales charge for the fund is 1.
00%.
What is the redemption fee for the fund?
The redemption fee for the fund is 2.
00%.
What is the Nuveen Floating Rate Income Fund’s investment objective?
The Fund’s primary investment objective is to provide current income and preservation of capital.
