Nuveen Floating Rate Income Opportunity Fund
JRO
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Gunther Maurice Stein
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 333 West Wacker Drive Chicago IL United States of America 60606-1220
- IPO Date
- Jan 1, 2009
- CIK
- 0001289213
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO) is a closed-end fixed income mutual fund that seeks a high level of current income through investments primarily in adjustable-rate senior loans and other floating-rate debt instruments; it also pursues secondary capital appreciation by allocating at least 80% of its managed assets to senior loans secured by collateral, with additional holdings in unsecured senior loans, secured and unsecured subordinated loans, and below-investment-grade floating-rate securities. The fund employs leverage to enhance returns and benchmarks its performance against the Barclays U.S. Aggregate Bond Index and Credit Suisse Leveraged Loan Index. It targets U.S. fixed income markets, focusing on income-oriented investors seeking exposure to high-yield, adjustable-rate debt from leveraged companies across various sectors. Launched on April 27, 2004, and domiciled in the United States with headquarters in Chicago, Illinois under Nuveen Investments, the fund is co-managed by Nuveen Fund Advisors, LLC and Symphony Asset Management, LLC. JRO operates within the asset management industry, specifically the closed-end fund segment of financial services, serving retail and institutional investors through exchange-traded shares. In early 2023, Nuveen announced proposed mergers involving JRO, Nuveen Short Duration Credit Opportunities Fund (JSD), and Nuveen Senior Income Fund (NSL) into the larger Nuveen Floating Rate Income Fund (JFR), aiming to achieve economies of scale, reduced operating expenses, enhanced earnings potential, and improved trading liquidity; while shareholder approval was required and proxy materials were prepared, the status of completion reflects ongoing structural optimization within Nuveen's closed-end fund lineup. No further major acquisitions, funding rounds, or product launches specific to JRO have been reported in the last 1-2 years, though parent Nuveen continues broader platform expansions in private credit and real assets. The fund maintains its core strategy amid stable operations, with no recent name changes or reorganizations noted.