Nuveen Floating Rate Income Fund Class R6 (NFRFX)
Nuveen Floating Rate Income Fund Class R6 operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $17.76, down 0.06% on the session, giving a market capitalisation of $1.59B. Its beta of 0.06 implies it has historically moved less than the broad market.
The Nuveen Floating Rate Income Fund Class R6 primarily aims to deliver substantial current income to investors. While some capital appreciation may occur, it is considered a secondary objective. Under typical market conditions, the fund commits a significant portion—at least 80%—of its total investment capital (derived from its net assets combined with any borrowed funds) to securities that feature variable interest rates. This category of floating-rate investments is broad, encompassing instruments such as floating rate loans, other types of variable-rate debt obligations (including those from corporations and the U.S. government), money market instruments, and shares in money market or short-term bond funds.
Nuveen Floating Rate Income Fund Class R6 is most often compared with the following Financial Services names: