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Nuveen Senior Income Fund (NYSE: NSL)
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The fund's investment objective is to achieve a high level of current income, consistent with capital preservation by investing primarily in adjustable rate U.S dollar-denominated secured Senior Loans.
The fund invests 80% of its total assets in adjustable rate senior secured loans. The fund may invest up to 20% of its total assets in U.S. dollar denominated senior loans of non-U.S. borrowers, senior loans that are not secured, other debt securities, and equity securities and warrants acquired in connection with the fund's investment in senior loans. The fund uses leverage.
| Current Distribution (Monthly) (As of 10/1/2010) | $0.0410 |
| Avg. Earnings/Share** ( As of 7/31/2010) | $0.0313 |
| Avg. Earnings/Distribution Ratio ( As of 7/31/2010) | 76.34% |
| Avg. UNII Per Share ( As of 7/31/2010) | -$0.0200 |
| Total % of Portfolio Leveraged (As of 7/30/2010) | 26.68% |
| Average Cost of Leverage(13 weeks) (As of 7/30/2010) | 0.42% |
Provides potential for:
- High monthly income
- Adjustable dividends that can act as a possible hedge against rising short-term interest rates
- Diversification for your overall income portfolio
| Closing Share Price (As of 9/1/2010) | $7.17 |
| Closing NAV per Share (As of 9/1/2010) | $6.75 |
| Premium / Discount | 6.22% |
| Current Distribution Rate (Market price)†† | 6.86% |
| Distribution Amount (Monthly) | $0.0410 |
| Total Managed Assets | $277,174,709 |
| Common Shares | |
|---|---|
| Total Common Net Assets | $203,224,709 |
| Shares Outstanding | 29,846,884 |
| Avg Daily Volume (in shares) | 73,762 |
| Dollar | Percent | |
|---|---|---|
| Total Structural Leverage | $73,950,000 | 26.68% |
| Effective Leverage | $73,950,000 | 26.68% |
| Asset Coverage 1 | More Information |
| CUSIP | 67067Y104 |
| NAV Ticker | XNSLX |
| Inception Date | 10/26/1999 |
| Inception NAV | $9.55 |
| Inception Share Price | $10.00 |
| # of Holdings | 201 |
| % Foreign Holdings ‡ | 1.37% |
| % Large, Mid, Small Cap † | 0.0%,0.0%,100.0% |
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Share Price | 5.69% | 138.50% | -48.88% | -8.89% | 18.57% | -11.83% | 6.95% | 37.69% | 2.12% | -16.64% |
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NAV | 7.64% | 111.95% | -52.48% | 0.55% | 8.55% | 5.49% | 11.97% | 21.70% | 4.33% | -7.10% |
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Share Price | 48.08% | 7.12% | 4.80% | 5.14% | 5.38% |
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NAV | 23.58% | 2.99% | 3.75% | 5.04% | 5.22% |
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| Founded in 1994 by a team of industry veterans known for their pioneering work in quantitative analysis, Symphony Asset Management LLC is an institutional market leader in alternative and traditional investment strategies. Fundamental to Symphony’s investment philosophy is the concept that both quantitative and qualitative methods have value. The ability to blend these values into a unified, risk-controlled investment process is a skill that sets Symphony apart as an institutional money manager. Prior to implementation, each of our strategies has been thoroughly tested in one of the industry’s most sophisticated research environments. The resulting process is intellectually robust and independent of any one person’s influence or abilities. |
| Total Fund | Common Shares | |
|---|---|---|
| Management Fees | 0.82% | 1.12% |
| Interest Expenses | 0.09% | 0.12% |
| Other Expenses | 0.68% | 0.93% |
| Total | 1.59% | 2.17% |
| Issuer | Dollar Value | % of Total Portfolio |
|---|---|---|
| Building Materials: Debt | $5,771,416 | 2.01% |
| Infor Global: Debt | $5,639,166 | 1.97% |
| Charter Communicati: Debt | $5,650,413 | 1.96% |
| Swift Transportatio: Debt | $5,577,095 | 1.94% |
| Federal Mogul Corpo: Debt | $5,158,490 | 1.80% |
| Avaya Incorporated: Debt | $5,016,424 | 1.75% |
| Ford Motor Company: Taxable Debt | $4,788,604 | 1.67% |
| Las Vegas Sands Cor: Debt | $4,634,488 | 1.61% |
| Univision Communica: Debt | $4,567,502 | 1.59% |
| Spectrum Brands Inc: Debt | $4,472,553 | 1.56% |
Data shown represents past performance and is no guarantee of future results. Market price and net asset value (NAV) of a Fund's shares will fluctuate with market conditions. Current performance may be higher or lower than the performance shown.
1 The ratio of a fund's total managed assets to the sum of (the fund's outstanding preferred shares, at par, plus its outstanding borrowings).
¶ Holdings and their ratings may change over time. Ratings shown are generally the highest rating given by one or more national rating agencies. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Holdings designated “NR” are not rated by a national rating agency, and may be assigned an internal rating by the fund’s investment adviser.
* For the 98.15% of the portfolio invested in debt securities.
**The average earnings per share and UNII figures are monthly amounts based on three month averages for the municipal funds and senior loan funds and six month averages for all other taxable funds. For JRS and 25% of JDD, the average earnings per share represents net REIT cash flow which may consist of income, capital gains and/or a return of capital.
† Percentage are relative to the 1.84% of the portfolio invested in equity securities.
†† Distribution rates represent the latest declared regular distribution, annualized, relative to the most recent daily market price and NAV.
‡ Relative to the fund's total managed assets.
Total return is determined by subtracting the initial investment from the redeemable value of the investment at the end of the investment period, dividing the remainder by the initial investment and expressing the result as a percentage. The calculation assumes that all fund distributions have been reinvested.
