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JFR - Leveraged Loan CEF, 6.9% Yield

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Binary Tree Analytics


  • Closed-end fund that invests in the leveraged loan asset class.
  • The fund has a 0.40 Sharpe ratio and 10.46 standard deviation vs 0.56 Sharpe and 3.31 standard deviation for the Bloomberg US Aggregate Bond Index.
  • The fund has a very low duration of 0.21, which makes it fairly immune to a rising interest rate environment.

banking concept

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Nuveen Floating Rate Income Fund (NYSE:JFR) is a closed-end fund that invests in the leveraged loan asset class. From a fundamental perspective, the leveraged loan market has been improving steadily, with issuer

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With a financial services cash and derivatives trading background, Binary Tree Analytics aims to provide transparency and analytics in respect to capital markets instruments and trades.We are reachable at BinaryTreeAnalytics@gmail.com_____________________________http://www.BinaryTreeAnalytics.com

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (1)

good article sold 25% of JFR long position as discount to nav nears multiyear low of -1%..the jfr/nav leveraged pair has seen jfr outperform since march 2020 ...on 1year horizon it tested trendline support and 3 sigma cheap in late december and is now near fair value
1/13 sold additional 25% at approximately same discount
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