JFR: Fundamentals Have Improved, But Finances Are Still Under Stress

Power Hedge Investing Group Leader Follow Summary The Nuveen Floating Rate Income Fund offers a 12.20% yield by investing primarily in floating-rate senior loans, with a focus on income generation. JFR's portfolio is diversified, with over 65% in secured senior loans and 92% rated B or higher, limiting exposure to individual defaults. The fund has struggled to cover distributions recently, resulting in a cut, but near-term Fed rate hikes could improve income coverage. JFR trades at an 8.51% discount to NAV, slightly wider than its five-year average, offering potential value if rate hikes materialize. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » Dougal Waters/DigitalVision via Getty Images The Nuveen Floating Rate Income Fund ( JFR ) is a closed-end fund that aims to provide its investors with a very high level of current income. As is the case with many closed-end funds, JFR appears This article was written by Power Hedge 16.24K Followers Follow Power Hedge has been covering both traditional and renewable energy since 2010. He targets primarily international companies of all sizes that hold a competitive advantage and pay dividends with strong yields. He is the leader of the investing group Energy Profits in Dividends where he focuses on generating income through energy stocks and CEFs while managing risk through options. He also provides micro and macro-analysis of both domestic and international energy companie. Learn more. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.