Nuveen Floating Rate Income (NYSE:JFR)
- Market Cap$475.838m
- AIC sector-
- Manager GroupNuveen
The Fund seeks to achieve a high level of current income by investing in a portfolio of adjustable rate senior loans and other debt instruments. At least 80% of its managed assets will consist of adjustable rate loans; at least 65% of these must be senior loans secured by specific collateral. Other loans may include unsecured senior loans and secured and unsecured subordinated loans. The Fund uses leverage.