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.