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Nuveen Floating Rate Income Opportunity Fund

Nuveen Floating Rate Income Opportunity Fund

Sector: Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices Region: IL, United States


: | New York Stock Exchange: JRO


The investment objective of the Nuveen Floating Rate Income Opportunity Fund is to achieve a high level of current income. The fund invests at least 80% of its managed assets in adjustable rate loans, primarily senior loans, though the loans may include unsecured senior loans and secured and unsecured subordinated loans. At least 65% of the fund’s managed assets must include adjustable rate senior loans that are secured by specific collateral. The fund uses leverage.

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