Nuveen Floating Rate Income Fund Class R6
NFRFX
NASDAQ- -
USD
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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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 333 West Wacker Drive Chicago IL United States of America 60606
- IPO Date
- Jan 28, 2015
- CIK
- 0001071336
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen Floating Rate Income Fund Class R6 (NFRFX) is an open-end mutual fund that seeks a high level of current income, with capital appreciation as a secondary objective, by investing primarily in below investment grade floating-rate loans, adjustable-rate senior loans, other floating-rate debt securities including corporate debt and U.S. government securities, money market securities, and shares of money market and short-term bond funds; at least 80% of its net assets plus borrowings for investment purposes are allocated to such floating-rate securities, with a portfolio heavily weighted toward bank loans (73.07%), U.S. bonds (76.52%), cash equivalents (13.28%), and non-U.S. bonds (10.09%). The fund operates within the bank loan segment of the fixed income market, targeting income-focused investors such as institutions and high-net-worth individuals with a minimum initial investment of $1 million, and maintains a net expense ratio of 0.67%. Launched on January 28, 2015, and domiciled in the United States, it is managed by Nuveen Fund Advisors, LLC, with key portfolio managers including Scott Caraher (since 2011) and Coale Mechlin (since December 30, 2024), and is headquartered in Chicago, Illinois, as part of Nuveen, a global asset manager founded in 1898. Geographically, the fund focuses predominantly on U.S. fixed income markets, with minor non-U.S. bond exposure. In recent developments, its related closed-end counterpart (NYSE: JFR) completed an oversubscribed transferable rights offering in February 2025, raising approximately $220.7 million in gross proceeds to enhance assets available for investment opportunities consistent with its income objectives; the fund has continued regular monthly dividend distributions, including $0.085 per share ex-dividend on October 15, 2025; and Nuveen, the sponsor, acquired Brooklyn Investment Group in June 2025 to expand multi-asset direct indexing capabilities, alongside broader firm initiatives like raising $650 million for a U.S. strategic debt fund in December 2025. Top holdings as of the latest data include BlackRock Liquidity T-Fund Institutional (9.92%), State Street Navigator Securities Lending Trust (2.11%), and Invesco Senior Loan ETF (1.88%), representing 16.38% of the portfolio.