Nuveen Investments
Nuveen Floating Rate Income Fund (NYSE: JFR)
Shareholder Fund Report | Printable Fact Sheet | Glossary
OBJECTIVE
The fund's investment objective is to achieve a high level of current income by investing in adjustable rate secured and unsecured senior loans and other debt instruments.
INVESTMENT STRATEGY

The fund invests at least 65% of its managed assets in adjustable rate senior loans that are secured by specific collateral. The fund may invest a substantial portion of its managed assets in senior loans and other debt instruments that are, at the time of investment, rated below investment grade or are unrated but judged to be of comparable quality. The Fund uses leverage.
HIGHLIGHTS

Provides the 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
DAILY PRICING
Closing Share Price (As of 9/1/2010)$11.03
Closing NAV per Share (As of 9/1/2010)$11.42
Premium / Discount-3.41%
Current Distribution Rate (Market price)††5.87%
Distribution Amount (Monthly) $0.0540
PORTFOLIO MANAGEMENT
Symphony Asset Management
ASSET ALLOCATION As of 04/30/2010

Total may not add up to 100% due to rounding.

Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Past performance is no guarantee of future results.

Fund data is updated daily, monthly, and quarterly, depending on the specific data point. Click HERE for the update schedule.

RISKS
Investment and Market RiskAn investment in the fund's common shares is subject to investment risk, including the possible loss of the entire principal amount that you invest. Your investment in common shares represents an indirect investment in the securities owned by the fund, most of which are traded on a national securities exchange or in the over-the-counter markets. The value of these securities, like other market investments, may move up or down, sometimes rapidly and unpredictably. Your common shares at any point in time may be worth less than your original investment, even after considering the reinvestment of fund dividends and distributions. Closed-end funds also carry price risk, or the risk that shares may trade at prices different from their net asset values.Credit riskThe risk that a security in the fund's portfolio will decline in price, or fail to make dividend or interest payments when due, because the security's issuer defaults or experiences a decline in its financial status. Securities falling lower in a company's capital structure and/or unrated securities and securities with lower credit ratings are expected to have higher credit risk. See subordination.Illiquid Securities RiskIlliquid securities involve the risk that the securities will not be able to be sold at the time or prices desired by the fund. Illiquid securities are not readily marketable and may include some restricted securities that may be resold to qualified institutional buyers in private transactions but otherwise would not have a regular secondary trading market.Non-Investment Grade or Below-Investment Grade Securities RiskInvestments in, or related to, obligors of below investment grade quality, are commonly referred to as "junk bonds". These investments are predominantly speculative with respect to the issuer's capacity to pay interest and repay principal when due and therefore involve a greater risk of default or decline in market value due to adverse economic and issuer-specific developments. Such investments may be less liquid than investment grade securities.Senior Loan Risk Senior loans in which the fund may invest, both secured and unsecured, may not be rated by a national rating agency at the time of investment, generally will not be registered with the Securities and Exchange Commission and generally will not be listed on a securities exchange. In addition, the amount of public information available with respect to senior loans generally is less extensive than that available for more widely rated, registered and exchange-listed securities. Because the interest rates of senior loans reset frequently, if market interest rates fall, the loans' interest rates will be reset to lower levels, potentially reducing the fund's income. Unrated Investment RiskIn determining whether an unrated security is an appropriate investment for the fund, the manager will seek to determine whether the default probability and financial strength characteristics of the security are comparable to those of issuers of securities rated investment grade quality. The manager will consider information from industry sources, as well as its own quantitative and qualitative analysis, in making such a determination. However, such a determination by the manager is not the equivalent of an investment grade rating by a rating agency.
NOTES

†† Distribution rates represent the latest declared regular distribution, annualized, relative to the most recent daily market price and NAV.

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