JFR - Nuveen Floating Rate Income Fund

What this means for you

None of the investors we follow has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Feb 11, 2025

   The fund said it may sell new shares.

   Original document →

2. Jan 10, 2025

   The fund offered holders the right to buy more shares, until Feb 19, 2025.

   Original document →

3. Jan 8, 2025

   The fund said it may sell new shares.

   Original document →

About this fund

• Run by Nuveen Fund Advisors, LLC. Part of the Nuveen fund family. As of July 31, 2026, from the fund's yearly report. Original document →
• Size: about $1.34 billion of holdings, as of July 31, 2026. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 40% on top of its own money, as of July 31, 2026. Borrowed money makes gains and losses bigger. About 32% of that is money the fund has borrowed by selling preferred shares. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• The fund's own example of what borrowing does: in a year in which the holdings returned -10%, a share would return about -19%; at +10%, about +13%. As of July 31, 2026, from the fund's annual report. Original document →
• Costs: 0.8% a year in management fees; 4.2% a year in total, including interest on borrowed money. Fiscal year ended July 31, 2026. As of July 31, 2026, from the fund's yearly report. Original document →
  Among the 11 funds we follow that invest in bank loans, none charges a lower management fee and 5 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• The fund's own cost example: $1,000 invested costs about $52 in the first year and about $446 over 10 years, assuming the holdings return 5% a year. As of July 31, 2026, from the fund's annual report. Original document →
• Payouts: last fiscal year (ended July 31, 2026) the fund paid $0.99 a share. $0.71 of that was income; $0.28 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of July 31, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (July 31, 2026): $8.32. The shares traded at $7.71, about 7.3% below that. As of July 31, 2026, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 14% below to 1% below. As of July 31, 2026, from the fund's annual report. Original document →
• How the holdings did: up 1.7% over the last three months we have (May-July 2026), before the share price is taken into account. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2004.

How this has changed

• Payouts per share: $0.99 in the fiscal year ended July 31, 2026; $1.02 in the year ended July 31, 2025; $1.02 in the year ended July 31, 2024.As of July 31, 2026, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $0.28 in the year ended July 31, 2026; $0.22 in the year ended July 31, 2025; $0.03 in the year ended July 31, 2024.As of July 31, 2026, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 4.23% a year in the fiscal year ended July 31, 2026; 4.78% a year in the year ended July 31, 2025; 5.52% a year in the year ended July 31, 2024.As of July 31, 2026, from the fund's annual report. Original document →
• Size of the holdings: about $1.34 billion at July 31, 2026; $1.42 billion at July 31, 2025; $1.24 billion at July 31, 2024. From the fund's quarterly holdings reports. Original documents: July 31, 2026 →, July 31, 2025 →, July 31, 2024 →.
• Borrowing: about 40% on top of its own money at July 31, 2026; 39% at July 31, 2025; 40% at July 31, 2024. From the fund's quarterly holdings reports. Original documents: July 31, 2026 →, July 31, 2025 →, July 31, 2024 →.
• The fund had about 161 million shares at July 31, 2026, up 20% from July 31, 2024.As of July 31, 2026, from the fund's annual report. Original document →
  In between, the fund said it may sell new shares. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended July 31, 2026: the shares returned +2.5%, counting payouts; the holdings +5.8%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of July 31, 2026, from the fund's annual report. Original document →
• The year ended July 31, 2025: the shares returned +8.7%, counting payouts; the holdings +6.4%. As of July 31, 2025, from the fund's annual report. Original document →
• The year ended July 31, 2024: the shares returned +23.2%, counting payouts; the holdings +13.5%. As of July 31, 2024, from the fund's annual report. Original document →
• The year ended July 31, 2023: the shares returned +1.6%, counting payouts; the holdings +6.9%. As of July 31, 2023, from the fund's annual report. Original document →
• The year ended July 31, 2022: the shares returned -2.6%, counting payouts; the holdings -2.8%. As of July 31, 2022, from the fund's annual report. Original document →
• Those five years together: the shares returned +35.7%. $10,000 of shares bought at the start (Aug 1, 2021) would have become about $13,600 by July 31, 2026, with every payout counted, before tax. As of July 31, 2026, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to July 31, 2026: +5.7%. The quarterly reports carry no share price, so this is the holdings alone. As of July 31, 2026, from the fund's quarterly holdings report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly loans (87%), the rest bonds and shares. About 90% issued in the U.S.

1. BlackRock Liquidity Funds T-Fund - 5.7%
2. Hopper Merger Sub, Hologic Inc., Term Loan B - 2.3%
3. Parexel International Corporation, Repriced Term Loan B - 2.1%
4. 1011778 Bc Ulc, 101B.C. Unlimited Liability Company, Term Loan B6 - 2%
5. Zayo Group Holdings, Inc., Term Loan - 1.9%
6. Surgery Center Holdings, Inc., Term Loan B - 1.8%
7. Flutter Financing B.V., Term Loan B - 1.7%
8. Warner Bros Discovery, Discovery Global Holdings, Inc., Term Loan B - 1.7%
9. Broadstreet Partners Group LLC, Broadstreet Partners, Inc., Term Loan B4 - 1.7%
10. WIN Waste Innovations Holdings, Inc., Term Loan B - 1.6%

As of July 31, 2026, from the fund's quarterly holdings report. Original document →