Is JFR a good buy for long term investment at moderate risk

Nuveen Floating Rate Income Fund (JFR) appears to be a suitable candidate for long-term investment at moderate risk, based on the following analysis:

1. High Dividend Yield: The fund offers a dividend yield of 2.92%, which is attractive for income-seeking investors and suggests that the fund is able to generate a substantial level of current income.

2. Risk Profile: The fund invests in a portfolio of adjustable rate senior loans and other debt instruments, indicating a moderate risk profile. The use of leverage, with at least 80% of managed assets in adjustable rate loans, adds to the potential for higher returns but also increases risk exposure.
3. Income Potential: The fund aims to achieve a high level of current income by investing in below investment-grade loans, which historically have offered higher yields compared to investment-grade bonds. This strategy could provide the potential for higher income over the long term.
4. Historical Performance: The 3-year, 5-year, and 10-year interval percentage changes are not available, which limits the ability to assess the fund's historical performance. However, the focus on below investment-grade loans and the use of leverage suggest that the fund's performance could be influenced by interest rate cycles and economic conditions.
5. Market Position: As a closed-end fund, JFR may have the potential for capital appreciation when the market conditions are favorable for the sector. This could provide additional returns over the long term.
6. Risk Mitigation: The fund's investment strategy, with a significant portion of its assets in adjustable rate loans, may act as a hedge against rising short-term rates, which could be beneficial during periods of interest rate volatility.

In conclusion, while the lack of historical performance data is a limitation, the fund's focus on high current income, its moderate risk profile, and the potential for capital appreciation suggest that JFR could be a good buy for long-term investment at moderate risk. However, it is important to consider individual financial goals, risk tolerance, and market conditions before making any investment decisions.