The Nuveen Floating Rate Income Fund (JFR) is a mutual fund that primarily invests in a diversified portfolio of floating rate loans and other floating rate debt securities. These types of investments have variable interest rates that adjust periodically, providing potential protection against rising interest rates. The fund aims to generate a high level of current income while also seeking to preserve capital. It may also invest in other fixed income securities, such as corporate bonds and government securities, to further diversify its portfolio. With a focus on floating rate investments, the Nuveen Floating Rate Income Fund may be suitable for investors looking for potential income and protection against interest rate fluctuations.