Nuveen Floating Rate Income Fund
Market Cap
US$531.6m
Last Updated
2021/02/28 23:37 UTC
Data Sources
Company Financials
Executive Summary
Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc. More Details
Snowflake Analysis
Share Price & News
How has Nuveen Floating Rate Income Fund's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: JFR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: JFR's weekly volatility (1%) has been stable over the past year.
Market Performance
7 Day Return
0.8%
JFR
-2.6%
US Capital Markets
-3.6%
US Market
1 Year Return
0.2%
JFR
38.2%
US Capital Markets
36.5%
US Market
Return vs Industry: JFR underperformed the US Capital Markets industry which returned 38.1% over the past year.
Return vs Market: JFR underperformed the US Market which returned 36.4% over the past year.
Shareholder returns
| JFR | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.8% | -2.6% | -3.6% |
| 30 Day | 1.2% | 8.2% | 2.7% |
| 90 Day | 8.9% | 16.2% | 7.5% |
| 1 Year | 7.8%0.2% | 41.5%38.2% | 39.5%36.5% |
| 3 Year | 6.4%-14.5% | 39.5%29.2% | 53.5%43.6% |
| 5 Year | 36.3%-4.8% | 140.6%110.9% | 117.5%93.2% |
Long-Term Price Volatility Vs. Market
How volatile is Nuveen Floating Rate Income Fund's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 years ago | Simply Wall St
How Nuveen Floating Rate Income Fund's (JFR) 0.6% ROE Fares Against The Industry?Valuation
Is Nuveen Floating Rate Income Fund undervalued compared to its fair value and its price relative to the market?
0.99x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: JFR ($9.34) is trading above our estimate of fair value ($4.73)
Significantly Below Fair Value: JFR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: JFR is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.
PE vs Market: JFR is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate JFR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: JFR is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (14.4x).
Future Growth
How is Nuveen Floating Rate Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
13.8%
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nuveen Floating Rate Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Nuveen Floating Rate Income Fund performed over the past 5 years?
-4.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JFR is currently unprofitable.
Growing Profit Margin: JFR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: JFR is unprofitable, and losses have increased over the past 5 years at a rate of 4.9% per year.
Accelerating Growth: Unable to compare JFR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: JFR is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (9%).
Return on Equity
High ROE: JFR has a negative Return on Equity (-10.03%), as it is currently unprofitable.
Financial Health
How is Nuveen Floating Rate Income Fund's financial position?
Financial Position Analysis
Short Term Liabilities: JFR's short term assets ($18.6M) do not cover its short term liabilities ($47.5M).
Long Term Liabilities: JFR's short term assets ($18.6M) do not cover its long term liabilities ($299.3M).
Debt to Equity History and Analysis
Debt Level: JFR's debt to equity ratio (56%) is considered high.
Reducing Debt: JFR's debt to equity ratio has reduced from 61.8% to 56% over the past 5 years.
Debt Coverage: JFR's debt is well covered by operating cash flow (41.1%).
Interest Coverage: JFR is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Dividend
What is Nuveen Floating Rate Income Fund current dividend yield, its reliability and sustainability?
7.47%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: JFR's dividend (7.47%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: JFR's dividend (7.47%) is in the top 25% of dividend payers in the US market (3.77%)
Stability and Growth of Payments
Stable Dividend: JFR's dividends per share have been stable in the past 10 years.
Growing Dividend: JFR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: JFR is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Management
How experienced are the management team and are they aligned to shareholders interests?
13.4yrs
Average board tenure
CEO
Nuveen Floating Rate Income Fund has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Trustee | 16.08yrs | US$2.65k | no data | |
| 7.42yrs | no data | no data | ||
| Chairman | 7.58yrs | US$3.33k | no data | |
| 24.08yrs | US$3.28k | no data | ||
| Independent Trustee | 24.08yrs | US$2.62k | no data | |
| Independent Trustee | 22.08yrs | US$2.73k | no data | |
| 7.42yrs | no data | no data | ||
| Independent Trustee | 10.08yrs | US$2.41k | no data | |
| Independent Trustee | 17.08yrs | US$2.43k | no data | |
| Independent Trustee | 12.67yrs | US$2.78k | no data | |
| 7.42yrs | US$1.99k | no data | ||
| Independent Trustee | 14.08yrs | US$2.68k | no data |
13.4yrs
Average Tenure
72.5yo
Average Age
Experienced Board: JFR's board of directors are seasoned and experienced ( 13.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Nuveen Floating Rate Income Fund's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Nuveen Floating Rate Income Fund
- Ticker: JFR
- Exchange: NYSE
- Founded: 2004
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$531.618m
- Shares outstanding: 56.92m
- Website: https://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=JFR&refsrc=vu_nuveen.com/jfr
Location
- Nuveen Floating Rate Income Fund
- 333 West Wacker Drive
- Chicago
- Illinois
- 60606
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| JFR | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Mar 2004 |
Biography
Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc. It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund inve...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/28 23:37 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/07/31 |
| Annual Earnings | 2020/07/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.