Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Fund is a closed-end investment fund. Its investment objective is to achieve a level of current income by investing in adjustable rate secured and unsecured senior loans and other debt instruments. The company was founded on March 25, 2004 and is headquartered in Chicago, IL.

Apollo Senior Floating Rate Fund

Apollo Tactical Income Fund, Inc.

BlackRock Floating Rate Income Trust

Blackrock Floating Rate Income Strategies Fund Inc

Pioneer Floating Rate Trust

Invesco Senior Income Trust

Interest rates are likely to remain elevated due to the strong U.S. economy, despite inflation concerns. The U.S. debt has reached a record high, and fears of a government shutdown are exacerbating market concerns. Investing in CEFs that hold floating rate senior loans can provide a high yield income stream that benefits from rising interest rates.

Rising Interest Rates Got You Down? Try Floating Above The Fear

BlackRock Credit Allocation Income Trust

MFS High Yield Municipal Trust

DoubleLine Income Solutions Fund

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Short Duration Diversified Income Fund

Eaton Vance

Flaherty & Crumrine Total Return Fund Inc

Deutsche Strategic Municipal Income Trust

Nuveen Dynamic Municipal Opportunities Fund

Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Income Fund Inc

Nuveen Select Tax-Free Income Portfolio

Nuveen Municipal Credit Income Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

PIMCO Access Income Fund

Pimco High Income Fund

Putnam Master Intermediate Income Trust

Pimco New York Municipal Income Fund

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

Western Asset Premier Bond Fund

Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptionally cheap, with discounts wider than 99% of historical observations. The risk-reward in the taxable bond CEF space is on the downside, while the upside potential in municipal CEFs is significant, but dependent on a shift in Fed policy and inflation.

CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best

ArrowMark Financial

BlackRock Resources & Commodities Strategy Trust

Calamos Strategic Total Return Fund

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Morgan Stanley India Investment Fund Inc

Barings Corporate Investors

John Hancock Premium Dividend Fund

Liberty All Star Equity Fund

Closed-end funds offer high income, diversification, and market-matching total returns for income-focused investors. Five CEFs with solid track records, high distributions, and attractive discounts are highlighted in this monthly series. The selected CEFs offer an average distribution rate of over 9%, have strong historical performance, and trade at an average discount of -6.5% to NAV.

5 Best CEFs To Buy This Month (August 2023)

20 out of 22 CEF sectors positive on price. Nuveen senior loan funds merger is complete. The combined JFR boosted its distribution by 14%.

Weekly Closed-End Fund Roundup: Nuveen Senior Loan Funds Merger Complete (July 30, 2023)

Nuveen has completed the merger of three funds into the Nuveen Floating Rate Income Fund, making it the largest listed senior loan closed-end fund. The merger is expected to bring operational savings and improve fund performance over time. JFR has increased its distribution rate by 14%, resulting in a current 30-day SEC yield above 12%.

JFR: Merger Completed, Appealing Fund With A 12% Yield

Nuveen Floating Rate Income Opportunity Fund ETF

Nuveen Short Duration Credit Opportunities Fund

Nuveen Senior Income Fund

NEW YORK--(BUSINESS WIRE)--The mergers of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), and Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD) into Nuveen Floating Rate Income Fund (NYSE: JFR) were successfully completed prior to the opening of the New York Stock Exchange on July 31, 2023. The fund's newly consolidated portfolio contains approximately $2 billion in investments—the largest among listed senior loan closed-end funds. Thro.

Nuveen Floating Rate Income Fund Announces Completion of Mergers and Distribution Increase

Calamos Convertible Opportunities And Income Fund

Eaton Vance Senior Floating Rate Fund

Eaton Vance Floating-Rate Income Trust

Nuveen Credit Strategies Income Fund

Reaves Utility Income Fund

We review CEF market valuation and performance through the second week of July and highlight recent market action. CEFs had a good week overall as NAVs gained, however, discounts remain sluggish. The net income profile of some CEFs has turned negative, owing to a high cost of leverage.

CEF Weekly Review: (Some) CEF Net Income Turns Negative

Nuveen announced the merger of its senior loan funds: NSL, JRO, JSD and JFR. The merger is slated to close July 31, 2023. Currently, arbitrage opportunities are slim.

Nuveen Senior Loan CEFs To Merge

NEW YORK--(BUSINESS WIRE)--Common and preferred shareholders of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD), and Nuveen Floating Rate Income Fund (NYSE: JFR) have approved a proposal to merge the funds. The mergers will combine each of NSL, JRO, and JSD into JFR. Subject to the satisfaction of certain customary closing conditions, the mergers are expected to become effective before t.

Nuveen Senior Loan Closed-End Funds Announce Shareholder Approval of Proposed Mergers

Investors desperately need income to maintain their lifestyles given today's incredibly high inflation rate. JFR invests in a portfolio of floating-rate securities that should hold their value more than traditional bonds during rising-rate environments.

JFR: Floating Rates And Attractive Price

Floating-rate fixed-income securities should hold their value better than traditional bonds during periods of rising interest rates. Nuveen Floating Rate Income Fund invests primarily in a portfolio of these securities, so it should be a reasonably good choice for income in today's environment.

JFR: The Thesis Is Holding True For This 10%-Yielding CEF

The current rising interest-rate environment has had a devastating effect on most assets. JFR is a CEF that invests in a portfolio of adjustable-rate loans that should produce higher income as interest rates rise.

JFR: This Fund Should Benefit From Rising Interest Rates

We highlight why one should invest in this senior loan CEF.

JFR: Buying Opportunity Is Here

Blackstone Strategic Credit Fund

Vanguard Total Bond Market ETF

Saba Capital Income & Opportunities Fund

Eagle Point Credit

Eagle Point Credit Company Inc 7.75 % Pfd Registered Shs 2016-30.10.26 Series B

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Eagle Point Cr 6.75 % Notes 2017-30.09.27

First Trust Senior Floating Rate Income Fund II

Highland Income Fund

Oxford Lane Capital

Oxford Lane Capital Corp 6.75 % Cum Red Pfd Shs Series -2024-

Oxford Lane Capital Corp 7 1/2 % Term Cum Pfd Shs Series -2023-

SPDR S&P 500 ETF Trust

 SPDR Blackstone Senior Loan ETF

Invesco Dynamic Credit Opportunities Fund

As we enter the fourth quarter of 2021, we are inching closer to the eventual rate hikes from the Fed. We've been continuing to monitor the senior loan fund space to find some opportunities worth exploring.

Closed-End Funds: Senior Loan Funds Q4 2021 Update

Closed-end fund that invests in the leveraged loan asset class. The fund has a 0.40 Sharpe ratio and 10.46 standard deviation vs 0.56 Sharpe and 3.31 standard deviation for the Bloomberg US Aggregate Bond Index.

JFR - Leveraged Loan CEF, 6.9% Yield

Barings Global Short Duration High Yield Fund

Blackrock Core Bond Trust

Brandywine Global Income Opportunities Fund Inc

PGIM Global High Yield Fund

PGIM High Yield Bond Fund

Nuveen Global High Income Fund

YieldShares High Income ETF

Fixed income CEF discounts continue to tighten and are approaching 20-year highs. This won't last for long. Part II of this report will focus on when this ends.

CEF Report June 2021 | The Winch Tightens Further

Blackstone Long-Short Credit Income Fund

Blackstone/GSO Senior Floating Rate Term Fund

Blackrock Debt Strategies Fund Inc

Closed-End Funds: Senior Loan Funds Revisited

Western Asset Global Corp Defined Opportunity Fund Inc

Nuveen Intermediate Duration Municipal Term Fund

I have tried to reduce my overall CEF allocation- I continue to make some rotational trades into areas of the marketplace I think are best positioned for gains.

The 3 Funds I Recently Added To My Portfolio With Yields Up To 7.40%

Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc.

Eaton Vance Floating Rate Income Plus Fund

First Trust Intermediate Duration Preferred & Income Fund

KKR Income Opportunities Fund

We've seen a lot of volatility in the last month across all risk assets, but closed-end funds have weathered it quite well.

CEF Report: State Of The CEF Market

Senior loan funds are showing some opportunities at some deep discounts. These funds should benefit from increasing interest rates, but that could be years before playing out.

Income Lab Ideas: Senior Loan Funds

The Nuveen Floating Rate Income Fund Trades At An Attractive 11% Discount With A Fresh Team At The Helm

Pioneer High Income Trust

Retirement Strategy: Low-Priced Dividend Investments That Pay Monthly - JHB, JFR, PHT

News for Nuveen Floating Rate Income Fund ETF (JFR)