UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21494

Nuveen Floating Rate Income Fund

(Exact name of registrant as specified in charter)

     333 West Wacker Drive, Chicago, Illinois 60606     
(Address of principal executive offices) (Zip code)

Kevin J. McCarthy—Vice President and Secretary
     333 West Wacker Drive, Chicago, Illinois 60606     
(Name and address of agent for service)

Registrant’s telephone number, including area code:      312-917-7700     

Date of fiscal year end:        7/31      

Date of reporting period:    4/30/2009   

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

 

Item 1. Schedule of Investments

Nuveen Floating Rate Income Fund (JFR)
April 30, 2009

						Weighted
Principal						Average
Amount (000)				Description (1)		Coupon		Maturity (2)		Ratings (3)		Value
				Variable Rate Senior Loan Interests – 124.0% (86.9% of Total Investments) (4)
				Aerospace & Defense – 0.8% (0.6% of Total Investments)
$	2,300			Transdigm, Inc., Term Loan B		3.227%		6/23/13		BB-		$	2,117,917
	792			Vought Aircraft Industries, Inc., Term Loan		2.930%		12/22/11		Ba3			626,771
	364			Vought Aircraft Industries, Inc., Tranche B, Letter of Credit		3.001%		12/22/10		Ba3			263,636
	3,456			Total Aerospace & Defense									3,008,324
				Airlines – 3.1% (2.2% of Total Investments)
	2,504			ACTS Aero Technical Support & Services, Inc., Term Loan, (5)		7.372%		10/16/14		N/R			488,211
	1,960			Delta Air Lines, Inc., Credit Linked Deposit		2.478%		4/30/12		Ba2			1,328,880
	1,975			Delta Air Lines, Inc., Term Loan		3.739%		4/30/14		B			1,021,175
	5,887			Northwest Airlines, Inc., DIP Term Loan		2.460%		12/31/10		BB-			5,456,060
	6,109			United Air Lines, Inc., Term Loan B		2.456%		2/01/14		B+			3,102,185
	18,435			Total Airlines									11,396,511
				Auto Components – 1.8% (1.3% of Total Investments)
	6,543			Federal-Mogul Corporation, Tranche B, Term Loan, DD1		2.430%		12/29/14		BB-			3,740,667
	3,781			Federal-Mogul Corporation, Tranche C, Term Loan, DD1		2.389%		12/28/15		BB-			2,161,618
	1,000			Goodyear Tire & Rubber Company, Term Loan		2.190%		4/30/14		Ba1			840,179
	11,324			Total Auto Components									6,742,464
				Building Products – 5.2% (3.7% of Total Investments)
	1,592			Atrium Companies, Inc., Term Loan		12.494%		5/31/12		CCC-			336,751
	5,000			Building Materials Corporation of America, Term Loan, Second Lien		6.250%		9/15/14		Caa2			2,925,000
	7,805			Building Materials Corporation of America, Term Loan		3.250%		2/22/14		B+			5,882,647
	8,187			Stile Acquisition Corporation, Canadian Term Loan		4.250%		4/05/13		Caa3			4,008,885
	8,278			Stile Acquisition Corporation, Term Loan B		4.250%		4/05/13		Caa3			4,053,107
	3,900			TFS Acquisition, Term Loan		4.720%		8/11/13		B2			1,803,750
	34,762			Total Building Products									19,010,140
				Capital Markets – 0.6% (0.4% of Total Investments)
	316			BNY Convergex Group LLC, Incremental Term Loan		3.424%		10/02/13		B+			286,575
	2,140			BNY Convergex Group LLC, Term Loan		3.430%		10/02/13		B+			1,942,331
	2,456			Total Capital Markets									2,228,906
				Chemicals – 6.2% (4.3% of Total Investments)
	1,400			Celanese US Holdings LLC, Credit Linked Deposit		2.001%		4/02/14		BB+			1,246,319
	1,529			Foamex LP, Term Loan B, (5)		7.500%		2/12/13		D			440,794
	2,495			Georgia Gulf Corporation, Term Loan, WI/DD		TBD		TBD		B3			1,613,360
	6,025			Hexion Specialty Chemicals, Inc., Term Loan C1, DD1		3.500%		5/05/13		B1			2,986,643
	1,309			Hexion Specialty Chemicals, Inc., Term Loan C2, DD1		3.500%		5/05/13		B1			648,784
	3,616			Huntsman International LLC, Term Loan		2.178%		4/19/14		Ba1			3,001,470
	3,728			Ineos US Finance LLC, Tranche B2		7.501%		12/16/13		CCC+			2,000,729
	3,728			Ineos US Finance LLC, Tranche C2		8.001%		12/16/14		CCC+			2,000,729
	440			JohnsonDiversey, Inc., Term Loan		3.184%		12/16/11		Ba2			417,083
	1,440			Lucite International, Term Loan B1		2.680%		7/07/13		B+			1,396,985
	510			Lucite International, Term Loan B2		2.680%		7/07/13		B+			494,700
	2,000			LyondellBasell Finance Company, Term Loan B2, (5), (6), DD1		7.000%		12/22/14		Caa2			640,000
	2,424			Rockwood Specialties Group, Inc., Term Loan E		2.178%		7/30/12		BB			2,186,528
	988			Solutia, Inc., Term Loan		8.500%		2/28/14		B1			779,199
	3,950			Univar, Inc., Term Loan		4.220%		10/10/14		B+			2,582,313
	35,582			Total Chemicals									22,435,636
				Commercial Services & Supplies – 1.4% (1.0% of Total Investments)
	945			NCO Financial Systems, Inc., Term Loan		7.017%		5/15/13		Ba3			666,207
	4,367			Rental Services Corporation, Term Loan		4.506%		11/27/13		B-			2,838,372
	1,082			Workflow Holdings Corporation, Term Loan		8.000%		11/30/11		Caa1			557,388
	1,749			Xerium Technologies, Inc., Term Loan B		6.720%		5/21/12		B-			1,097,433
	8,143			Total Commercial Services & Supplies									5,159,400
				Communications Equipment – 0.3% (0.2% of Total Investments)
	1,926			Aspect Software, Inc., Term Loan B		4.250%		7/11/11		B1			1,261,666
				Construction Materials – 0.6% (0.4% of Total Investments)
	4,000			McJunkin Red Man Holding Corporation, Term Loan		3.678%		1/31/14		B-			2,313,334
				Consumer Finance – 0.2% (0.2% of Total Investments)
	2,788			Peach Holdings, Inc., Term Loan		5.105%		11/30/13		B			822,313
				Containers & Packaging – 1.8% (1.2% of Total Investments)
	490			Amscan Holdings, Inc., Term Loan		3.648%		5/25/13		B1			421,400
	3,643			Graham Packaging Company, L.P., Term Loan		2.758%		10/07/11		B+			3,298,813
	487			Smurfit-Stone Container Corporation, Canadian Revolver		3.199%		1/28/10		D			382,586
	295			Smurfit-Stone Container Corporation, Deposit-Funded Commitment		0.000%		1/28/10		D			227,402
	336			Smurfit-Stone Container Corporation, Term Loan B		2.820%		1/28/10		D			258,789
	633			Smurfit-Stone Container Corporation, Term Loan C		2.820%		1/28/10		D			492,204
	191			Smurfit-Stone Container Corporation, Tranche C1		2.820%		1/28/10		D			148,815
	1,472			Smurfit-Stone Container Corporation, US Revolver		2.724%		1/28/10		D			1,155,641
	7,547			Total Containers & Packaging									6,385,650
				Diversified Consumer Services – 1.9% (1.3% of Total Investments)
	4,860			Cengage Learning Acquisitions, Inc., Term Loan		2.930%		7/05/14		B+			3,607,560
	3,947			West Corporation, Term Loan		2.703%		10/24/13		BB-			3,341,064
	8,807			Total Diversified Consumer Services									6,948,624
				Diversified Financial Services – 0.3% (0.2% of Total Investments)
	1,796			Fox Acquisition Sub LLC, Term Loan B		7.250%		7/14/15		B			1,104,433
				Diversified Telecommunication Services – 5.9% (4.1% of Total Investments)
	3,196			Intelsat, Tranche B, Term Loan A		2.989%		1/03/14		BB-			2,925,992
	3,195			Intelsat, Tranche B, Term Loan B		2.989%		1/03/14		BB-			2,925,103
	3,195			Intelsat, Tranche B, Term Loan C		2.989%		1/03/14		BB-			2,925,103
	3,851			Intelsat, Tranche B, Term Loan		2.989%		7/01/13		BB-			3,550,853
	6,800			Level 3 Financing, Inc., Term Loan		3.195%		3/13/14		B+			5,477,400
	3,840			MetroPCS Wireless, Inc., Term Loan		3.168%		11/03/13		Ba2			3,596,265
	24,077			Total Diversified Telecommunication Services									21,400,716
				Electric Utilities – 3.6% (2.5% of Total Investments)
	1,611			Calpine Corporation, DIP Revolver, (7)		2.577%		3/31/14		B+			937,037
	7,810			Calpine Corporation, DIP Term Loan		4.095%		3/29/14		B+			6,680,297
	3,913			TXU Corporation, Term Loan B2		3.969%		10/10/14		B+			2,658,334
	3,940			TXU Corporation, Term Loan B3		3.969%		10/10/14		B+			2,671,588
	17,274			Total Electric Utilities									12,947,256
				Electrical Equipment – 1.0% (0.7% of Total Investments)
	4,834			Allison Transmission Holdings, Inc., Term Loan		3.219%		8/07/14		B			3,490,181
				Electronic Equipment & Instruments – 0.2% (0.1% of Total Investments)
	973			Sensata Technologies B.V., Term Loan		2.803%		4/27/13		B			688,044
				Energy Equipment & Services – 0.4% (0.3% of Total Investments)
	953			PGS Finance, Inc., Term Loan		2.970%		6/29/15		Ba2			831,783
	1,500			SemGroup, L.P., Term Loan B2, WI/DD		TBD		TBD		Caa3			635,000
	2,453			Total Energy Equipment & Services									1,466,783
				Food Products – 1.1% (0.8% of Total Investments)
	465			Dole Food Company, Inc., Deposit-Funded Commitment		7.979%		4/12/13		Ba3			445,090
	815			Dole Food Company, Inc., Term Loan B		7.965%		4/12/13		Ba3			780,069
	3,037			Dole Food Company, Inc., Term Loan C		7.974%		4/12/13		Ba3			2,906,607
	4,317			Total Food Products									4,131,766
				Health Care Providers & Services – 11.1% (7.8% of Total Investments)
	152			Community Health Systems, Inc., Delayed Term Loan, DD1		2.678%		7/25/14		BB			137,185
	2,962			Community Health Systems, Inc., Term Loan, DD1		3.447%		7/25/14		BB			2,681,057
	1,755			HCA, Inc., Term Loan A		3.220%		11/18/12		BB			1,592,836
	5,661			HCA, Inc., Term Loan, DD1		3.470%		11/18/13		BB			5,122,887
	9,289			Health Management Associates, Inc., Term Loan		2.970%		2/28/14		BB-			8,082,857
	1,477			HealthSouth Corporation, Term Loan		2.959%		3/10/13		BB-			1,340,140
	1,784			IASIS Healthcare LLC, Delayed Term Loan		2.428%		3/14/14		Ba2			1,588,535
	479			IASIS Healthcare LLC, Letter of Credit		0.335%		3/14/14		Ba2			426,810
	1,036			IASIS Healthcare LLC, PIK Term Loan		6.289%		6/15/14		CCC+			556,166
	5,155			IASIS Healthcare LLC, Term Loan		2.428%		3/14/14		Ba2			4,590,560
	1,144			Invacare Corporation, Term Loan B		3.212%		2/12/13		BB			1,009,580
	3,860			LifeCare, Term Loan B		5.290%		8/11/12		B2			2,340,125
	519			LifePoint Hospitals, Inc.,Term Loan B		2.885%		4/15/12		Ba1			492,909
	2,880			Select Medical Corporation, Term Loan		3.251%		2/24/12		Ba2			2,560,320
	8,507			Vanguard Health Holding Company II LLC, Replacement Term Loan		2.678%		9/23/11		Ba3			8,041,887
	46,660			Total Health Care Providers & Services									40,563,854
				Health Care Technology – 0.5% (0.3% of Total Investments)
	1,833			Emdeon Business Services LLC, Term Loan		2.848%		11/18/13		BB-			1,677,328
				Hotels, Restaurants & Leisure – 9.7% (6.8% of Total Investments)
	9,162			24 Hour Fitness Worldwide, Inc., Term Loan B		3.311%		6/08/12		Ba3			6,046,601
	111			Ameristar Casinos, Inc., Term Loan B		4.506%		11/10/12		BB+			99,965
	174			Buffets, Inc., 1st Lien Exit Term Loan		18.000%		4/30/12		N/R			163,354
	28			Buffets, Inc., DIP Term Loan		0.000%		1/22/09		N/R			2,367
	280			Buffets, Inc., DIP Rollover Term Loan		0.000%		1/22/09		N/R			23,480
	84			Buffets, Inc., Letter of Credit		8.709%		5/01/13		N/R			7,024
	581			Buffets, Inc., Term Loan		0.000%		11/01/13		N/R			48,635
	763			CBRL Group, Inc., Term Loan B1		2.688%		4/27/13		BB-			675,976
	92			CBRL Group, Inc., Term Loan B2		2.010%		4/28/13		BB-			81,320
	974			CCM Merger, Inc., Term Loan B		8.500%		7/13/12		B+			642,517
	4,819			Cedar Fair LP, Term Loan		2.428%		8/30/12		BB-			4,388,890
	667			Fontainebleau Las Vegas LLC, Delayed Term Loan		3.685%		6/06/14		CCC			110,000
	3,333			Fontainebleau Las Vegas LLC, Term Loan, DD1		4.527%		6/06/14		CCC			550,000
	642			Isle of Capri Casinos, Inc., Delayed Term Loan A, DD1		2.970%		11/25/13		B+			519,963
	730			Isle of Capri Casinos, Inc., Delayed Term Loan B, DD1		2.178%		11/25/13		B+			591,226
	1,825			Isle of Capri Casinos, Inc., Delayed Term Loan, DD1		2.970%		11/25/13		B+			1,478,064
	4,937			Orbitz Worldwide, Inc., Term Loan, DD1		3.970%		7/25/14		BB-			1,818,635
	1,965			Travelport LLC, Delayed Term Loan		2.678%		8/23/13		Ba2			1,346,025
	981			Travelport LLC, Letter of Credit		3.470%		8/23/13		Ba2			662,201
	4,891			Travelport LLC, Term Loan		2.965%		8/23/13		Ba2			3,300,269
	3,310			Venetian Casino Resort LLC, Delayed Term Loan		2.180%		5/23/14		B-			2,017,423
	13,434			Venetian Casino Resort LLC, Term Loan		2.180%		5/23/14		B-			8,188,848
	4,067			Wintergames Holdings, Term Loan A		7.930%		12/22/13		N/R			2,745,458
	57,850			Total Hotels, Restaurants & Leisure									35,508,241
				Household Durables – 0.1% (0.1% of Total Investments)
	338			Rent-A-Center Inc., Term Loan B		2.219%		6/30/12		BB+			321,195
				Household Products – 0.7% (0.5% of Total Investments)
	2,484			Prestige Brands, Inc., Term Loan B		2.678%		4/06/11		BB-			2,397,446
				Independent Power Producers & Energy Traders – 1.7% (1.2% of Total Investments)
	2,268			NRG Energy, Inc., Credit Linked Deposit		2.720%		2/01/13		Ba1			2,116,474
	4,245			NRG Energy, Inc., Term Loan		2.720%		2/01/13		Ba1			3,961,218
	6,513			Total Independent Power Producers & Energy Traders									6,077,692
				Insurance – 1.9% (1.3% of Total Investments)
	16,372			Conseco, Inc., Term Loan		6.500%		10/10/13		Caa1			6,876,287
				Internet Software & Services – 0.6% (0.4% of Total Investments)
	772			Open Solutions, Inc., Term Loan B, WI/DD		TBD		TBD		BB-			424,665
	3,000			Sabre, Inc., Term Loan		3.068%		9/30/14		B1			1,670,250
	3,772			Total Internet Software & Services									2,094,915
				IT Services – 3.8% (2.7% of Total Investments)
	3,910			First Data Corporation, Term Loan B2		3.189%		9/24/14		Ba3			2,866,630
	1,975			First Data Corporation, Term Loan B3		3.189%		9/24/14		Ba3			1,447,877
	2,047			Infor Global Solutions Intermediate Holdings, Ltd., Delayed Term Loan, DD1		4.180%		7/28/12		B+			1,329,683
	633			Infor Global Solutions Intermediate Holdings, Ltd., Term Loan, Second Lien		6.678%		3/02/14		CCC+			207,417
	3,218			Infor Global Solutions Intermediate Holdings, Ltd., Term Loan, DD1		4.180%		7/28/12		B+			2,317,190
	6,251			SunGard Data Systems, Inc., Term Loan B		2.670%		2/28/14		BB			5,642,264
	18,034			Total IT Services									13,811,061
				Leisure Equipment & Products – 1.9% (1.3% of Total Investments)
	10,840			Bombardier Recreational Products, Inc., Term Loan		3.950%		6/28/13		Caa1			5,528,535
	5,000			Wimar OpCo LLC, Term Loan, (6)		6.500%		1/03/12		N/R			1,387,500
	15,840			Total Leisure Equipment & Products									6,916,035
				Machinery – 2.6% (1.8% of Total Investments)
	4,988			Manitowoc Company, Term Loan		6.500%		11/06/14		BB+			3,830,400
	933			Navistar International Corporation, Synthetic Letter of Credit		3.678%		1/19/12		Ba3			763,666
	2,567			Navistar International Corporation, Term Loan		3.678%		1/19/12		Ba3			2,100,083
	3,389			Oshkosh Truck Corporation, Term Loan		7.243%		12/06/13		B+			2,798,234
	11,877			Total Machinery									9,492,383
				Media – 21.7% (15.2% of Total Investments)
	1,944			American Media Operations, Inc., Term Loan		10.000%		1/13/13		B-			1,075,204
	5,852			Cequel Communications LLC, Term Loan B		2.477%		11/05/13		BB-			5,319,803
	3,000			Charter Communications Operating Holdings LLC, Holdco Term Loan		6.750%		3/06/14		B1			2,004,000
	10,867			Charter Communications Operating Holdings LLC, Term Loan, DD1		4.464%		3/06/14		B1			9,196,550
	1,726			Gray Television, Inc., Term Loan B		7.000%		12/31/14		CCC+			763,835
	7,611			Idearc, Inc., Term Loan		4.250%		11/17/14		Caa3			2,994,671
	15,513			Metro-Goldwyn-Mayer Studios, Inc., Term Loan B		3.678%		4/08/12		N/R			7,607,906
	8,611			Neilsen Finance LLC, Term Loan		2.469%		8/09/13		Ba3			7,323,103
	640			NextMedia Operating, Inc., Delayed Term Loan		6.250%		11/15/12		CCC+			315,839
	1,443			NextMedia Operating, Inc., Term Loan, First Lien		6.250%		11/15/12		CCC+			711,922
	4,721			Philadelphia Newspapers, Term Loan, (5), (6)		7.750%		6/29/13		N/R			1,164,392
	2,978			Readers Digest Association, Inc., Term Loan, DD1		3.287%		3/02/14		CCC			1,020,055
	3,751			SFX Entertainment, Inc., Term Loan		4.136%		6/20/13		Ba3			3,188,561
	1,959			Spanish Broadcasting System, Inc., Term Loan B, DD1		2.970%		6/10/12		CCC+			719,823
	15,682			Tribune Company, Term Loan B, (5), (6)		5.250%		6/04/14		Ca			4,601,819
	2,048			Tribune Company, Term Loan X, (5), (6)		5.000%		6/04/09		Ca			598,016
	25,000			Univision Communications, Inc., Term Loan		2.678%		9/29/14		B2			15,381,250
	3,000			UPC Broadband Holding BV, Term Loan N		2.315%		12/31/14		Ba3			2,778,750
	310			Valassis Communications, Inc., Delayed Term Loan		2.180%		3/02/14		Ba2			265,502
	899			Valassis Communications, Inc., Tranche B, Term Loan		2.180%		3/02/14		Ba2			770,630
	9,005			WMG Acquisition Corporation, Term Loan		2.804%		2/28/11		BB			8,333,759
	6,025			Yell Group PLC, Term Loan		3.428%		10/27/12		B+			3,109,331
	132,585			Total Media									79,244,721
				Metals & Mining – 2.3% (1.6% of Total Investments)
	660			Aleris International, Inc., DIP Term Loan, (6), (7)		5.200%		2/12/10		N/R			423,179
	1,874			Amsted Industries, Inc., Delayed Term Loan		3.243%		4/06/13		BB			1,714,759
	2,580			Amsted Industries, Inc., Term Loan		3.151%		4/06/13		BB			2,361,155
	983			Edgen Murray II LP, Term Loan		3.703%		5/11/14		B			621,431
	4,531			John Maneely Company, Term Loan		4.110%		12/08/13		B+			3,290,913
	10,628			Total Metals & Mining									8,411,437
				Oil, Gas & Consumable Fuels – 4.7% (3.3% of Total Investments)
	1,139			Alon Refining Krotz Springs, Inc., Term Loan, WI/DD		TBD		TBD		B+			825,707
	113			Alon USA Energy, Inc., Edgington Facility		3.421%		6/22/13		BB			52,215
	903			Alon USA Energy, Inc., Paramount Facility		2.857%		6/22/13		BB			417,723
	1,392			Big West Oil LLC, Delayed Term Loan, WI/DD		TBD		TBD		Ca			1,127,848
	1,108			Big West Oil LLC, Term Loan, WI/DD		TBD		TBD		Ca			897,152
	1,960			Brand Energy & Infrastructure Services, Inc.,Term Loan B		3.493%		2/07/14		B1			1,332,800
	412			Calumet Lubricants Company LP, Credit Linked Deposit, DD1		5.016%		1/03/15		B1			272,063
	3,084			Calumet Lubricants Company LP, Term Loan, DD1		5.234%		1/03/15		B1			2,035,696
	2,970			CCS Income Trust, Term Loan		3.428%		11/14/14		BB-			1,559,211
	134			Coffeyville Resources LLC, Credit Linked Deposit		8.750%		12/28/10		BB-			108,220
	432			Coffeyville Resources LLC, Tranche D, Term Loan		8.750%		12/28/13		BB-			347,682
	1,959			Quicksilver Resource, Inc., Term Loan		6.750%		8/08/13		B2			1,714,394
	7,986			Western Refining, Inc., Term Loan		8.250%		5/30/14		BB-			6,408,587
	23,592			Total Oil, Gas & Consumable Fuels									17,099,298
				Paper & Forest Products – 0.3% (0.2% of Total Investments)
	1,970			Wilton Products, Term Loan		3.698%		11/16/14		B+			935,750
				Pharmaceuticals – 0.5% (0.3% of Total Investments)
	2,000			Graceway Pharmaceuticals Inc, Term Loan, WI/DD		TBD		TBD		BB			627,200
	879			Warner Chilcott Corporation, Tranche B, Term Loan		2.873%		1/18/12		BB			829,596
	308			Warner Chilcott Corporation, Tranche C, Term Loan		2.428%		1/18/12		BB			290,954
	3,187			Total Pharmaceuticals									1,747,750
				Real Estate Management & Development – 4.4% (3.1% of Total Investments)
	7,303			Capital Automotive LP, Term Loan		2.260%		12/15/10		Ba1			4,801,479
	14,080			LNR Property Corporation, Term Loan B		4.000%		7/12/11		BB			7,518,720
	5,895			Realogy Corporation, Delayed Term Loan		4.159%		10/10/13		Caa1			3,842,422
	27,278			Total Real Estate Management & Development									16,162,621
				Road & Rail – 4.8% (3.4% of Total Investments)
	667			Hertz Corporation, Letter of Credit		2.977%		12/21/12		Ba1			541,000
	3,650			Hertz Corporation, Term Loan		2.215%		12/21/12		Ba1			2,962,112
	22,961			Swift Transportation Company, Inc., Term Loan		3.813%		5/10/14		B-			14,106,636
	27,278			Total Road & Rail									17,609,748
				Semiconductors & Equipment – 0.5% (0.3% of Total Investments)
	2,912			Freescale Semiconductor, Inc., Term Loan		2.259%		12/01/13		B2			1,715,562
				Software – 2.4% (1.7% of Total Investments)
	6,000			Dealer Computer Services, Inc., Term Loan, Second Lien		5.928%		10/26/13		B			2,175,000
	7,528			Dealer Computer Services, Inc., Term Loan		2.428%		10/26/12		BB			5,304,430
	2,000			IPC Systems, Inc., Term Loan, Second Lien		6.500%		5/31/15		CCC+			393,333
	1,853			IPC Systems, Inc., Term Loan		3.470%		5/31/14		B+			1,022,391
	17,381			Total Software									8,895,154
				Specialty Retail – 7.7% (5.4% of Total Investments)
	5,287			Blockbuster, Inc., Tranche B, Term Loan		5.825%		8/20/11		B1			3,616,151
	4,149			Burlington Coat Factory Warehouse Corporation, Term Loan		2.680%		5/28/13		B3			2,893,656
	702			J Crew Operating Corporation, Term Loan		2.188%		5/15/13		BB+			596,491
	7,463			Michaels Stores, Inc., Term Loan		2.696%		10/31/13		B			5,189,169
	4,735			Sally Holdings LLC, Term Loan		3.005%		11/16/13		BB			4,297,270
	5,985			Toys “R” Us – Delaware, Inc., Term Loan B		4.697%		7/19/12		BB-			4,726,072
	10,856			TRU 2005 RE Holding Co I LLC, Term Loan		3.509%		12/08/09		B3			6,866,186
	39,177			Total Specialty Retail									28,184,995
				Textiles, Apparel & Luxury Goods – 0.2% (0.2% of Total Investments)
	1,000			HBI Branded Apparel Limited, Inc., Term Loan, Second Lien		4.842%		3/05/14		BB-			905,000
				Trading Companies & Distributors – 0.9% (0.6% of Total Investments)
	1,824			Ashtead Group Public Limited Company, Term Loan		2.250%		8/31/11		BB+			1,650,720
	393			Brenntag Holdings GmbH & Co. KG, Acquisition Facility		2.505%		1/20/14		B+			318,109
	1,607			Brenntag Holdings GmbH & Co. KG, Facility B2		3.175%		1/20/14		B+			1,301,891
	3,824			Total Trading Companies & Distributors									3,270,720
				Wireless Telecommunication Services – 2.6% (1.9% of Total Investments)
	11,000			Asurion Corporation, Term Loan		3.775%		7/03/14		N/R			9,608,500
$	678,335			Total Variable Rate Senior Loan Interests (cost $641,287,066)									452,469,840

Principal
Amount (000)				Description (1)		Coupon		Maturity		Ratings (3)		Value
				Corporate Bonds – 8.3% (5.8% of Total Investments)
				Diversified Telecommunication Services – 1.3% (0.9% of Total Investments)
$	5,000			Qwest Corporation, Floating Rate Note, 3.250% plus three-month LIBOR		4.266%		6/15/13		BBB-		$	4,550,000
				Energy Equipment & Services – 1.3% (0.9% of Total Investments)
	5,000			Williams Companies Inc., Floating Rate Note, 2.000% plus three-month LIBOR, 144A		3.016%		10/01/10		BBB-			4,702,125
				Food Products – 0.9% (0.6% of Total Investments)
	1,528			Dole Food Company		8.625%		5/01/09		B-			1,528,000
	1,780			Dole Food Company		8.875%		3/15/11		B-			1,673,200
	3,308			Total Food Products									3,201,200
				Health Care Providers & Services – 0.9% (0.6% of Total Investments)
	2,000			HCA Inc., 144A		8.500%		4/15/19		BB			2,022,500
	2,000			Select Medical Corporation, Floating Rate Note, 5.750% plus six-month LIBOR		7.315%		9/15/15		CCC			1,135,000
	4,000			Total Health Care Providers & Services									3,157,500
				Hotels, Restaurants & Leisure – 1.4% (1.0% of Total Investments)
	7,900			Mohegan Tribal Gaming Authority		8.000%		4/01/12		CCC+			5,174,500
				Oil, Gas & Consumable Fuels – 0.0% (0.0% of Total Investments)
	1,000			SemGroup LP, 144A, (5), (8)		8.750%		11/15/15		N/R			37,500
				Paper & Forest Products – 0.4% (0.3% of Total Investments)
	500			Verso Paper Holdings LLC, Series B		9.125%		8/01/14		B-			232,500
	4,000			Verso Paper Holdings LLC, Series B, Floating Rate Note, 3.750% plus three-month LIBOR		4.766%		8/01/14		B-			1,370,000
	4,500			Total Paper & Forest Products									1,602,500
				Real Estate Investment Trust – 0.6% (0.4% of Total Investments)
	4,000			Felcor Lodging LP, Floating Rate Note, 1.875% plus six-month LIBOR		3.440%		12/01/11		B			2,300,000
				Semiconductors & Equipment – 1.3% (0.9% of Total Investments)
	1,400			Avago Technologies Finance Pte. Ltd., Floating Rate Note, 5.500% plus three-month LIBOR		6.516%		6/01/13		BB-			1,176,000
	4,320			NXP BV, 144A		10.000%		7/15/13		N/R			3,045,600
	1,000			Spansion LLC, Floating Rate Note, 3.125% plus three-month LIBOR, 144A, (8)		4.141%		6/01/13		D			405,000
	6,720			Total Semiconductors & Equipment									4,626,600
				Textiles, Apparel & Luxury Goods – 0.2% (0.2% of Total Investments)
	1,000			HanesBrands Inc., Floating Rate Note, 3.375% plus six-month LIBOR		4.940%		12/15/14		B			770,000
$	42,428			Total Corporate Bonds (cost $40,256,307)									30,121,925

Shares				Description (1)								Value
				Investment Companies – 2.0% (1.4% of Total Investments)
	353,668			Eaton Vance Floating-Rate Income Trust Fund								$	3,306,796
	963,820			Eaton Vance Senior Income Trust									4,096,235
				Total Investment Companies (cost $11,947,776)									7,403,031

Principal
Amount (000)				Description (1)		Coupon		Maturity				Value
				Short-Term Investments – 8.5% (5.9% of Total Investments)
$	30,834			Repurchase Agreement with Fixed Income Clearing Corporation, dated 4/30/09, repurchase price $30,834,505, collateralized by $29,040,000 U.S. Treasury Notes, 3.500%, due 5/31/13, value $31,453,244		0.080%		5/01/09				$	30,834,436
				Total Short-Term Investments (cost $30,834,436)									30,834,436
				Total Investments (cost $724,325,585) – 142.8%									520,829,232
				Borrowings – (10.6)% (9)									(38,500,000	)
				Other Assets Less Liabilities – (3.4)%									(12,463,950	)
				Preferred Shares, at Liquidation Value – (28.8)% (9)									(105,000,000	)
				Net Assets Applicable to Common Shares – 100%								$	364,865,282

During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS No. 157) “Fair Value Measurements.” SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosure about fair value measurements. In determining the value of the Fund’s investments various inputs are used. These inputs are summarized in the three broad levels listed below:

Level 1 – Quoted prices in active markets for identical securities.

Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 – Significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the Fund’s fair value measurements as of April 30, 2009:

		Level 1				Level 2				Level 3				Total
Investments		$	38,237,467			$	482,591,765			$	—			$	520,829,232

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to the treatment of paydown gains and losses, timing differences in recognizing certain gains and losses on investment transactions and recognition of premium amortization. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At April 30, 2009, the cost of investments was $724,992,926.

Gross unrealized appreciation and gross unrealized depreciation of investments at April 30, 2009, were as follows:

Gross unrealized:
Appreciation		$	3,872,058
Depreciation			(208,035,752	)
Net unrealized appreciation (depreciation) of investments		$	(204,163,694	)

(1)		All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
(2)		Senior Loans generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for a Borrower to prepay, prepayments of Senior Loans may occur. As a result, the actual remaining maturity of Senior Loans held may be substantially less than the stated maturities shown.
(3)		Ratings: Using the higher of Standard & Poor’s Group (“Standard & Poor’s”) or Moody’s Investor Service, Inc. (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s are considered to be below investment grade.
(4)		Senior Loans generally pay interest at rates which are periodically adjusted by reference to a base short-term, floating lending rate plus an assigned fixed rate. These floating lending rates are generally (i) the lending rate referenced by the London Inter-Bank Offered Rate (“LIBOR”), or (ii) the prime rate offered by one or more major United States banks.
		Senior Loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the Agent Bank and/or Borrower prior to the disposition of a Senior Loan.
(5)		Non-income producing; denotes that the issuer has defaulted on the payment of principal or interest or has filed for bankruptcy.
(6)		At or subsequent to April 30, 2009, this issue was under the protection of the Federal Bankruptcy Court.
(7)		Position, or portion of position, represents an unfunded Senior Loan commitment outstanding at April 30, 2009. At April 30, 2009, the Fund had unfunded Senior Loan Commitments of $1,600,362.
(8)		This issue is under protection of the Federal Bankruptcy Court. As a result, the Adviser has concluded this issue is not likely to meet its interest payment obligations and has directed the Fund’s custodian to cease accruing additional income and “write-off” any remaining recorded balances on the Fund’s records.
(9)		Borrowings and Preferred Shares, at Liquidation Value as a percentage of Total Investments are 7.4% and 20.2%, respectively.
N/R		Not rated.
DD1		Portion of investment purchased on a delayed delivery basis.
WI/DD		Purchased on a when-issued or delayed delivery basis.
144A		Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration which are normally those transactions with qualified institutional buyers.
TBD		Senior Loan purchased on a when-issued or delayed-delivery basis. Certain details associated with this purchase are not known prior to the settlement date of the transaction. In addition, Senior Loans typically trade without accrued interest and therefore a weighted average coupon rate is not available prior to settlement. At settlement, if still unknown, the Borrower or counterparty will provide the Fund with the final weighted average coupon rate and maturity date.

Item 2. Controls and Procedures.

	a.		The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
	b.		There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: EX-99 CERT Attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Nuveen Floating Rate Income Fund

Date June 29, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Date June 29, 2009

Date June 29, 2009