Nuveen Floating Rate Income Fund Overview
Pro stress-test →Nuveen Floating Rate Income Fund is a closed-ended fixed income mutual fund that primarily invests in adjustable rate secured and unsecured senior loans. The fund's investment objective is to achieve a high level of current income.
Strategic Profile
Pro stress-test →The fund invests at least 80% of its assets in senior loans (both secured and unsecured, with unsecured loans required to be investment grade quality at time of investment) and at least 65% in secured senior loans. Co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC, the fund provides floating-rate income exposure positioned to benefit from rising interest rate environments.
Competitive Landscape
Pro stress-test →Co-managed alongside Symphony Asset Management LLC, the fund competes within the floating-rate loan fund segment against other closed-end funds pursuing senior loan strategies. Key competitors include BlackRock's floating-rate funds and other Nuveen closed-end fund alternatives focused on fixed income strategies.
Industry Context
Nuveen Floating Rate Income Fund operates in Closed-end fixed income funds.
Key facts
Founded: 2004 · Headquarters: New York, US · Revenue: $173.82 million (FY 2025) · Market cap: N/A