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:    10/31/2009   

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.

 

 

Nuveen Floating Rate Income Fund (JFR)
October 31, 2009

						Weighted
Principal						Average
Amount (000)				Description (1)		Coupon		Maturity (2)		Ratings (3)		Value
				Variable Rate Senior Loan Interests – 116.2% (85.3% of Total Investments) (4)
				Aerospace & Defense – 0.9% (0.7% of Total Investments)
$	168			Hawker Beechcraft, LC Facility, WI/DD		TBD		TBD		B-		$	133,240
	2,832			Hawker Beechcraft, Term Loan, WI/DD		TBD		TBD		B-			2,251,760
	2,300			Transdigm, Inc., Term Loan B		2.289%		6/23/13		Ba2			2,211,698
	5,300			Total Aerospace & Defense									4,596,698
				Airlines – 2.2% (1.6% of Total Investments)
	2,504			ACTS Aero Technical Support & Services, Inc., Term Loan, (6)		6.534%		10/16/14		N/R			707,280
	1,960			Delta Air Lines, Inc., Credit Linked Deposit		2.284%		4/30/12		Ba2			1,775,025
	4,332			Delta Air Lines, Inc., Term Loan, DD1		3.534%		4/30/14		B			3,651,465
	6,066			United Air Lines, Inc., Term Loan B		2.313%		2/01/14		B+			4,781,175
	14,862			Total Airlines									10,914,945
				Auto Components – 2.0% (1.5% of Total Investments)
	7,499			Federal-Mogul Corporation, Tranche B, Term Loan		2.188%		12/29/14		Ba3			5,778,551
	4,266			Federal-Mogul Corporation, Tranche C, Term Loan		2.188%		12/28/15		Ba3			3,287,719
	1,000			Goodyear Tire & Rubber Company, Term Loan		2.340%		4/30/14		Ba1			916,786
	12,765			Total Auto Components									9,983,056
				Automobiles – 1.5% (1.1% of Total Investments)
	8,467			Ford Motor Company, Term Loan, DD1		3.288%		12/15/13		B1			7,567,808
				Building Products – 3.0% (2.2% of Total Investments)
	1,628			Atrium Companies, Inc., Term Loan		11.750%		5/31/12		Caa3			813,926
	5,000			Building Materials Corporation of America, Term Loan, Second Lien		6.063%		9/15/14		Caa2			4,400,000
	7,766			Building Materials Corporation of America, Term Loan		3.000%		2/22/14		B+			7,189,587
	3,921			TFS Acquisition, Term Loan		14.000%		8/11/13		CCC+			2,617,164
	18,315			Total Building Products									15,020,677
				Chemicals – 4.5% (3.4% of Total Investments)
	1,400			Celanese US Holdings LLC, Credit Linked Deposit		0.246%		4/02/14		BB+			1,315,563
	549			Hercules Offshore, Inc., Term Loan		8.500%		7/11/13		B			530,159
	5,994			Hexion Specialty Chemicals, Inc., Term Loan C1		2.563%		5/05/13		B1			4,765,194
	1,302			Hexion Specialty Chemicals, Inc., Term Loan C2		2.563%		5/05/13		B1			1,035,136
	3,616			Huntsman International LLC, Term Loan		1.994%		4/19/14		Ba2			3,311,359
	3,728			Ineos US Finance LLC, Tranche B2		7.501%		12/16/13		B-			3,198,679
	3,728			Ineos US Finance LLC, Tranche C2		8.001%		12/16/14		B-			3,198,679
	24			LyondellBasell Finance Company, Dutch Revolving Line of Credit, (5)		3.744%		12/20/13		N/R			14,061
	56			LyondellBasell Finance Company, Dutch Tranche A, Term Loan, (5)		3.744%		12/20/13		N/R			32,246
	70			LyondellBasell Finance Company, German Tranche B1, Euro Term Loan, (5)		3.994%		12/22/14		N/R			40,369
	70			LyondellBasell Finance Company, German Tranche B2, Euro Term Loan, (5)		3.994%		12/20/14		N/R			40,369
	70			LyondellBasell Finance Company, German Tranche B3, Euro Term Loan, (5)		3.994%		12/22/14		N/R			40,369
	91			LyondellBasell Finance Company, Revolving Line of Credit, (5)		3.744%		12/20/13		N/R			52,730
	538			LyondellBasell Finance Company, Roll-Up DIP Term Loan, (5)		5.798%		2/03/10		N/R			511,742
	173			LyondellBasell Finance Company, US Tranche A, Term Loan, (5)		3.744%		12/20/13		N/R			100,466
	302			LyondellBasell Finance Company, US Tranche B1, Term Loan, (5)		7.000%		12/22/14		N/R			174,417
	302			LyondellBasell Finance Company, US Tranche B2, Term Loan, (5)		7.000%		12/22/14		N/R			174,417
	302			LyondellBasell Finance Company, US Tranche B3, Term Loan, (5)		7.000%		12/22/14		N/R			174,417
	733			Solutia, Inc., Term Loan		7.250%		2/28/14		Ba3			745,188
	3,786			Univar, Inc., Term Loan		3.243%		10/10/14		B+			3,457,215
	26,834			Total Chemicals									22,912,775
				Commercial Services & Supplies – 2.1% (1.5% of Total Investments)
	4,367			Rental Services Corporation, Term Loan		3.817%		11/27/13		B-			3,962,804
	361			ServiceMaster Company, Delayed Term Loan		2.750%		7/24/14		B+			322,095
	3,628			ServiceMaster Company, Term Loan		2.769%		7/24/14		B+			3,234,366
	2,326			West Corporation, Term Loan B4		4.119%		6/30/16		BB-			2,191,296
	1,002			Workflow Holdings Corporation, Term Loan		9.500%		11/30/11		Caa1			746,142
	11,684			Total Commercial Services & Supplies									10,456,703
				Communications Equipment – 2.9% (2.1% of Total Investments)
	1,926			Aspect Software, Inc., Term Loan B		3.313%		7/11/11		B1			1,767,295
	14,712			Avaya Inc., Term Loan		3.137%		10/26/14		Ba3			12,652,509
	16,638			Total Communications Equipment									14,419,804
				Construction Materials – 0.7% (0.5% of Total Investments)
	4,000			McJunkin Red Man Holding Corporation, Term Loan		3.494%		1/31/14		B-			3,380,000
				Consumer Finance – 0.1% (0.1% of Total Investments)
	1,061			Peach Holdings, Inc., Term Loan		4.630%		11/30/13		CCC-			578,014
				Containers & Packaging – 0.8% (0.6% of Total Investments)
	488			Amscan Holdings, Inc., Term Loan		2.646%		5/27/13		B1			442,812
	329			Graham Packaging Company LP, Term Loan B		2.554%		10/07/11		B+			322,125
	3,295			Graham Packaging Company LP, Term Loan C		6.750%		4/05/14		B+			3,303,575
	4,112			Total Containers & Packaging									4,068,512
				Diversified Consumer Services – 1.0% (0.7% of Total Investments)
	3,838			Cengage Learning Acquisitions, Inc., Term Loan		2.740%		7/05/14		B+			3,339,213
	1,601			West Corporation, Term Loan B2		2.619%		10/24/13		BB-			1,473,768
	5,439			Total Diversified Consumer Services									4,812,981
				Diversified Financial Services – 0.3% (0.2% of Total Investments)
	1,787			Fox Acquisition Sub LLC, Term Loan B		8.241%		7/14/15		B			1,632,689
				Diversified Telecommunication Services – 4.4% (3.3% of Total Investments)
	3,179			Intelsat, Tranche B, Term Loan A		2.746%		1/03/14		BB-			3,011,066
	3,179			Intelsat, Tranche B, Term Loan B		2.746%		1/03/14		BB-			3,010,146
	3,179			Intelsat, Tranche B, Term Loan C		2.746%		1/03/14		BB-			3,010,146
	3,832			Intelsat, Tranche B, Term Loan		2.746%		7/01/13		BB-			3,687,819
	6,800			Level 3 Financing, Inc., Term Loan		2.530%		3/13/14		B+			5,937,250
	3,821			MetroPCS Wireless, Inc., Term Loan		2.661%		11/03/13		Ba2			3,599,040
	23,990			Total Diversified Telecommunication Services									22,255,467
				Electric Utilities – 3.7% (2.7% of Total Investments)
	2,222			Calpine Corporation, DIP Revolver, (7), (8)		0.100%		3/31/14		B+			(296,297	)
	10,761			Calpine Corporation, DIP Term Loan		3.165%		3/29/14		B+			9,921,674
	7,384			TXU Corporation, Term Loan B2		3.745%		10/10/14		B+			5,739,765
	3,920			TXU Corporation, Term Loan B3		3.745%		10/10/14		B+			3,018,400
	24,287			Total Electric Utilities									18,383,542
				Electrical Equipment – 0.9% (0.6% of Total Investments)
	4,809			Allison Transmission Holdings, Inc., Term Loan		3.010%		8/07/14		B			4,327,410
				Electronic Equipment & Instruments – 0.5% (0.4% of Total Investments)
	2,962			Sensata Technologies B.V., Term Loan		2.031%		4/27/13		B			2,550,396
				Energy Equipment & Services – 0.2% (0.1% of Total Investments)
	953			PGS Finance, Inc., Term Loan		2.030%		6/29/15		Ba2			904,077
				Food & Staples Retailing – 0.6% (0.4% of Total Investments)
	2,000			Rite Aid Corporation, Tranche 4, Term Loan		9.500%		6/10/15		B+			2,073,334
	997			U.S. Foodservice, Inc., Term Loan		2.743%		7/03/14		B2			854,482
	2,997			Total Food & Staples Retailing									2,927,816
				Food Products – 0.7% (0.5% of Total Investments)
	376			Dole Food Company, Inc., Deposit-Funded Commitment		7.345%		4/12/13		Ba2			380,030
	655			Dole Food Company, Inc., Term Loan B		7.968%		4/12/13		Ba2			662,610
	2,352			Dole Food Company, Inc., Term Loan C		8.000%		4/12/13		Ba2			2,379,885
	3,383			Total Food Products									3,422,525
				Health Care Equipment & Supplies – 0.2% (0.1% of Total Investments)
	146			Fenwal, Inc., Delayed Term Loan		2.622%		2/28/14		B			127,579
	852			Fenwal, Inc., Term Loan		2.622%		2/28/14		B			746,340
	998			Total Health Care Equipment & Supplies									873,919
				Health Care Providers & Services – 11.2% (8.2% of Total Investments)
	697			Community Health Systems, Inc., Delayed Term Loan		2.493%		7/25/14		BB			651,180
	13,666			Community Health Systems, Inc., Term Loan		2.610%		7/25/14		BB			12,761,538
	1,549			HCA, Inc., Term Loan A		1.783%		11/17/12		BB			1,446,953
	13,820			HCA, Inc., Term Loan		2.533%		11/18/13		BB			12,897,274
	6,157			Health Management Associates, Inc., Term Loan		2.033%		2/28/14		BB-			5,726,467
	806			HealthSouth Corporation, Tranche 1, Term Loan		2.550%		3/10/13		BB-			769,841
	663			HealthSouth Corporation, Tranche 2, Term Loan		4.050%		3/15/14		BB-			641,905
	1,775			IASIS Healthcare LLC, Delayed Term Loan		2.243%		3/14/14		Ba2			1,674,094
	479			IASIS Healthcare LLC, Letter of Credit		0.144%		3/14/14		Ba2			452,076
	1,084			IASIS Healthcare LLC, PIK Term Loan		5.531%		6/15/14		CCC+			970,081
	5,129			IASIS Healthcare LLC, Term Loan		2.243%		3/14/14		Ba2			4,837,495
	320			Invacare Corporation, Term Loan B		2.493%		2/12/13		BB			305,200
	3,840			LifeCare, Term Loan B		4.540%		8/10/12		B2			3,206,400
	1,369			Select Medical Corporation, Term Loan		2.407%		2/24/12		Ba2			1,320,971
	8,465			Vanguard Health Holding Company II LLC, Replacement Term Loan		2.493%		9/23/11		Ba3			8,274,183
	59,819			Total Health Care Providers & Services									55,935,658
				Hotels, Restaurants & Leisure – 8.8% (6.5% of Total Investments)
	5,226			24 Hour Fitness Worldwide, Inc., Term Loan B		2.771%		6/08/12		Ba3			4,895,323
	142			Buffets, Inc., 1st Lien Exit Term Loan		18.000%		4/30/12		B1			145,329
	64			Buffets, Inc., 2nd Lien Exit Letter of Credit		7.533%		4/28/15		Caa1			56,040
	315			Buffets, Inc., 2nd Lien Exit Term Loan		17.781%		5/01/13		N/R			277,087
	959			CCM Merger, Inc., Term Loan B		8.500%		7/13/12		BB-			914,721
	3,704			Cedar Fair LP, Extended US Term Loan		4.243%		8/30/14		BB-			3,593,236
	667			Fontainebleau Las Vegas LLC, Delayed Term Loan, (5), (6)		6.000%		6/06/14		N/R			193,333
	3,333			Fontainebleau Las Vegas LLC, Term Loan, (5), (6)		6.000%		6/06/14		N/R			966,667
	639			Isle of Capri Casinos, Inc., Delayed Term Loan A		1.993%		11/25/13		B+			601,257
	726			Isle of Capri Casinos, Inc., Delayed Term Loan B		1.993%		11/25/13		B+			683,643
	1,815			Isle of Capri Casinos, Inc., Delayed Term Loan		2.033%		11/25/13		B+			1,709,107
	6,902			Orbitz Worldwide, Inc., Term Loan		3.279%		7/25/14		B+			6,130,063
	262			OSI Restaurant Partners LLC, Revolver		2.377%		6/14/13		BB-			218,931
	2,232			OSI Restaurant Partners LLC, Term Loan		2.563%		6/14/14		B+			1,864,712
	1,484			Sagittarius Restaurants LLC, Term Loan		9.750%		3/29/13		B2			1,380,336
	1,955			Travelport LLC, Delayed Term Loan		2.781%		8/23/13		Ba3			1,782,542
	981			Travelport LLC, Letter of Credit		2.783%		8/23/13		Ba3			895,566
	4,891			Travelport LLC, Term Loan		2.781%		8/23/13		Ba3			4,463,309
	3,293			Venetian Casino Resort LLC, Delayed Term Loan		2.040%		5/23/14		B-			2,687,947
	13,366			Venetian Casino Resort LLC, Term Loan		2.040%		5/23/14		B-			10,909,984
	52,956			Total Hotels, Restaurants & Leisure									44,369,133
				Household Durables – 0.1% (0.0% of Total Investments)
	307			Rent-A-Center Inc., Term Loan B		2.000%		6/30/12		BB+			301,233
				Household Products – 1.4% (1.0% of Total Investments)
	342			Spectrum Brands, Inc., Synthetic Letter of Credit, DD1		1.500%		6/30/12		B-			334,910
	6,642			Spectrum Brands, Inc., Term Loan, DD1		8.000%		6/30/12		B-			6,512,277
	6,984			Total Household Products									6,847,187
				Independent Power Producers & Energy Traders – 1.2% (0.9% of Total Investments)
	2,268			NRG Energy, Inc., Credit Linked Deposit		2.033%		2/01/13		Baa3			2,139,388
	4,217			NRG Energy, Inc., Term Loan		2.021%		2/01/13		Baa3			3,978,306
	6,485			Total Independent Power Producers & Energy Traders									6,117,694
				Insurance – 2.4% (1.8% of Total Investments)
	13,322			Conseco, Inc., Term Loan		6.500%		10/10/13		Caa1			12,067,561
				Internet Software & Services – 0.6% (0.5% of Total Investments)
	768			Open Solutions, Inc., Term Loan B		2.405%		1/23/14		BB-			623,507
	3,000			Sabre, Inc., Term Loan		2.494%		9/30/14		B1			2,604,375
	3,768			Total Internet Software & Services									3,227,882
				IT Services – 4.8% (3.6% of Total Investments)
	9,623			First Data Corporation, Term Loan B2		3.036%		9/24/14		B+			8,274,701
	5,957			First Data Corporation, Term Loan B3, DD1		3.036%		9/24/14		B+			5,114,419
	1,671			Infor Global Solutions Intermediate Holdings, Ltd., Delayed Term Loan		4.000%		7/28/12		B+			1,474,227
	367			Infor Global Solutions Intermediate Holdings, Ltd., Term Loan, First Lien		6.493%		3/02/14		CCC+			254,833
	633			Infor Global Solutions Intermediate Holdings, Ltd., Term Loan, Second Lien		6.493%		3/02/14		CCC+			433,833
	3,202			Infor Global Solutions Intermediate Holdings, Ltd., Term Loan		4.000%		7/28/12		B+			2,825,602
	6,219			SunGard Data Systems, Inc., Term Loan B		1.994%		2/28/14		BB			5,855,467
	27,672			Total IT Services									24,233,082
				Leisure Equipment & Products – 2.3% (1.7% of Total Investments)
	13,840			Bombardier Recreational Products, Inc., Term Loan, DD1		3.000%		6/28/13		Caa1			9,722,786
	5,000			Wimar OpCo LLC, Term Loan, (5), (6)		6.500%		1/03/12		N/R			1,597,915
	18,840			Total Leisure Equipment & Products									11,320,701
				Machinery – 0.6% (0.4% of Total Investments)
	2,927			Oshkosh Truck Corporation, Term Loan		6.316%		12/06/13		BB-			2,929,102
				Media – 19.2% (14.1% of Total Investments)
	1			American Media Operations, Inc., Term Loan		10.000%		1/30/13		B-			1,166
	5,823			Cequel Communications LLC, Term Loan B		2.244%		11/05/13		BB-			5,575,053
	3,000			Charter Communications Operating Holdings LLC, Holdco Term Loan		6.750%		3/06/14		Ba2			2,596,500
	17,040			Charter Communications Operating Holdings LLC, Term Loan, DD1		6.250%		3/06/14		Ba2			15,537,028
	2,000			Citadel Broadcasting Corporation, Term Loan, WI/DD, (13)		TBD		TBD		CCC-			1,377,500
	1,716			Gray Television, Inc., Term Loan B		6.790%		12/31/14		Caa1			1,479,310
	7,611			Idearc, Inc., Term Loan, (5), (6)		4.250%		11/17/14		D			3,480,614
	3,250			Mediacom Broadband LLC, Tranche D, Term Loan		5.500%		3/31/17		BB-			3,266,250
	15,433			Metro-Goldwyn-Mayer Studios, Inc., Term Loan B		20.500%		4/08/12		N/R			8,881,800
	2,663			Nielsen Finance LLC, Term Loan A		2.244%		8/09/13		Ba3			2,485,651
	7,542			Nielsen Finance LLC, Term Loan B		3.999%		5/02/16		Ba3			7,096,190
	4,721			Philadelphia Newspapers, Term Loan, (5), (6)		7.750%		6/29/13		N/R			1,085,717
	805			Reader’s Digest Association, Inc., DIP Term Loan		13.500%		3/01/14		N/R			838,444
	198			Reader’s Digest Association, Inc., Euro Term Loan		7.000%		3/03/14		N/R			97,440
	551			Reader’s Digest Association, Inc., Revolving Credit Loan		4.397%		3/02/13		D			271,007
	2,221			Reader’s Digest Association, Inc., U.S. Term Loan		4.245%		3/03/14		D			1,091,385
	3,621			SFX Entertainment, Inc., Term Loan		3.513%		6/21/13		Ba3			3,349,642
	1,949			Spanish Broadcasting System, Inc., Term Loan B		2.040%		6/10/12		CCC+			1,617,255
	19,682			Tribune Company, Term Loan B, DD1, (5), (6)		5.250%		6/04/14		Ca			9,324,560
	2,048			Tribune Company, Term Loan X, (5), (6)		5.000%		6/04/09		Ca			954,026
	23,000			Univision Communications, Inc., Term Loan		2.533%		9/29/14		B2			18,597,132
	3,000			UPC Broadband Holding BV, Term Loan N		1.996%		12/31/14		Ba3			2,813,751
	6,025			Yell Group PLC, Term Loan		3.283%		10/29/12		B			4,338,000
	133,900			Total Media									96,155,421
				Metals & Mining – 2.4% (1.8% of Total Investments)
	660			Aleris International, Inc., DIP Term Loan, (5)		13.000%		2/12/10		N/R			691,445
	1,863			Amsted Industries, Inc., Delayed Term Loan		2.480%		4/05/13		BB			1,709,397
	2,566			Amsted Industries, Inc., Term Loan		2.290%		4/05/13		BB			2,354,760
	978			Edgen Murray II LP, Term Loan		3.077%		5/11/14		B			845,538
	2,487			Essar Steel Algoma Inc., Term Loan		8.000%		6/20/13		B+			2,348,405
	4,505			John Maneely Company, Term Loan		3.511%		12/08/13		B			4,138,678
	13,059			Total Metals & Mining									12,088,223
				Multiline Retail – 0.5% (0.4% of Total Investments)
	3,197			Neiman Marcus Group, Inc., Term Loan		2.292%		4/06/13		BB-			2,750,107
				Oil, Gas & Consumable Fuels – 3.3% (2.4% of Total Investments)
	2,574			ATP Oil and Gas Corporation, Tranche B1, Term Loan, WI/DD		TBD		TBD		N/A			2,513,386
	426			ATP Oil and Gas Corporation, Tranche B2, Term Loan, WI/DD		TBD		TBD		N/A			415,901
	1,659			Big West Oil LLC, Delayed Term Loan, WI/DD		TBD		TBD		Ca			1,609,476
	1,320			Big West Oil LLC, Term Loan, WI/DD		TBD		TBD		Ca			1,280,265
	1,950			Brand Energy & Infrastructure Services, Inc.,Term Loan B		2.308%		2/07/14		B1			1,764,750
	412			Calumet Lubricants Company LP, Credit Linked Deposit		4.134%		1/03/15		B1			369,191
	3,069			Calumet Lubricants Company LP, Term Loan		4.429%		1/03/15		B1			2,748,241
	2,955			CCS Income Trust, Term Loan		3.243%		11/14/14		B			2,485,799
	3,500			Venoco, Inc., Term Loan		4.250%		5/07/14		BB-			3,154,375
	17,865			Total Oil, Gas & Consumable Fuels									16,341,384
				Paper & Forest Products – 0.3% (0.2% of Total Investments)
	1,960			Wilton Products, Term Loan		3.500%		11/16/14		B+			1,617,000
				Pharmaceuticals – 1.7% (1.2% of Total Investments)
	2,000			Graceway Pharmaceuticals LLC, Second Lien Term Loan		6.743%		5/03/13		B-			685,000
	922			Graceway Pharmaceuticals LLC, Term Loan		2.993%		5/03/12		BB			649,892
	831			Warner Chilcott Corporation, Delayed Term Loan, WI/DD		TBD		TBD		BB+			833,169
	2,373			Warner Chilcott Corporation, Tranche A, Term Loan, WI/DD		TBD		TBD		BB+			2,380,482
	3,797			Warner Chilcott Corporation, Tranche B, Term Loan, WI/DD		TBD		TBD		BB+			3,808,771
	9,923			Total Pharmaceuticals									8,357,314
				Real Estate Investment Trust – 0.5% (0.4% of Total Investments)
	1,000			Tishman Speyer Real Estate, L.P., Term Loan, (6)		4.000%		1/09/13		D			602,500
	1,838			Tishman Speyer Real Estate, Liquidation Facility		10.250%		12/01/09		N/R			1,842,094
	2,838			Total Real Estate Investment Trust									2,444,594
				Real Estate Management & Development – 4.4% (3.3% of Total Investments)
	8,031			Capital Automotive LP, Tranche C		2.750%		12/14/12		Ba1			7,187,608
	12,625			LNR Property Corporation, Term Loan B		3.750%		7/12/11		B-			10,037,236
	5,865			Realogy Corporation, Delayed Term Loan		3.286%		10/10/13		Caa1			4,931,040
	26,521			Total Real Estate Management & Development									22,155,884
				Road & Rail – 5.0% (3.7% of Total Investments)
	2,486			Avis Budget Car Rental, LLC Term Loan		4.040%		4/19/12		Ba3			2,345,796
	512			Hertz Corporation, Letter of Credit		2.042%		12/21/12		Ba1			478,916
	2,789			Hertz Corporation, Term Loan		2.004%		12/21/12		Ba1			2,609,092
	22,947			Swift Transportation Company, Inc., Term Loan		3.563%		5/10/14		B-			19,825,797
	28,734			Total Road & Rail									25,259,601
				Semiconductors & Equipment – 0.5% (0.3% of Total Investments)
	2,897			Freescale Semiconductor, Inc., Term Loan		1.996%		12/01/13		B2			2,362,152
				Software – 3.6% (2.7% of Total Investments)
	6,000			Dealer Computer Services, Inc., Term Loan, Second Lien		5.743%		10/26/13		B			4,870,002
	7,483			Dealer Computer Services, Inc., Term Loan		2.243%		10/26/12		BB			6,721,118
	7,000			IPC Systems, Inc., Term Loan, Second Lien		5.533%		5/31/15		CCC			5,110,000
	1,853			IPC Systems, Inc., Term Loan		2.517%		5/31/14		B1			1,584,553
	22,336			Total Software									18,285,673
				Specialty Retail – 5.5% (4.0% of Total Investments)
	7,090			Burlington Coat Factory Warehouse Corporation, Term Loan, DD1		2.565%		5/28/13		B3			6,508,307
	2,985			Claire’s Stores, Inc. Term Loan B, DD1		3.033%		5/29/14		B-			2,354,208
	9,414			Michaels Stores, Inc., Term Loan		2.519%		10/31/13		B			8,452,810
	4,581			Sally Holdings LLC, Term Loan		2.543%		11/16/13		BB			4,374,123
	5,985			Toys “R” Us – Delaware, Inc., Term Loan B		4.494%		7/19/12		BB-			5,827,966
	30,055			Total Specialty Retail									27,517,414
				Textiles, Apparel & Luxury Goods – 0.2% (0.1% of Total Investments)
	1,000			HBI Branded Apparel Limited, Inc., Term Loan, Second Lien		3.994%		3/05/14		BB-			968,750
				Trading Companies & Distributors – 0.4% (0.3% of Total Investments)
	384			Brenntag Holdings GmbH & Co. KG, Acquisition Facility		2.286%		1/20/14		B+			365,569
	1,572			Brenntag Holdings GmbH & Co. KG, Facility B2		2.245%		1/20/14		B+			1,497,230
	1,956			Total Trading Companies & Distributors									1,862,799
				Wireless Telecommunication Services – 2.1% (1.5% of Total Investments)
	11,000			Asurion Corporation, Term Loan		3.245%		7/03/14		N/R			10,460,692
$	695,964			Total Variable Rate Senior Loan Interests (cost $637,260,606)									581,966,055

Shares				Description (1)								Value
				Common Stocks – 2.3% (1.7% of Total Investments)
				Building Products – 2.3% (1.7% of Total Investments)
	301,905			Masonite Worldwide Holdings, (9), (12)								$	11,623,343
				Hotels, Restaurants & Leisure – 0.0% (0.0% of Total Investments)
	13,895			Buffets Restaurant Holdings Inc., (9), (12)									90,318
				Total Common Stocks (cost $16,518,313)									11,713,661

Principal
Amount (000)				Description (1)		Coupon		Maturity		Ratings (3)		Value
				Corporate Bonds – 9.9% (7.3% of Total Investments)
				Diversified Telecommunication Services – 1.3% (1.0% of Total Investments)
$	2,000			Intelsat Limited		7.625%		4/15/12		CCC+		$	1,950,000
	5,000			Qwest Corporation, Floating Rate Note, 3.250% plus three-month LIBOR		3.531%		6/15/13		BBB-			4,675,000
	7,000			Total Diversified Telecommunication Services									6,625,000
				Electric Utilities – 0.3% (0.2% of Total Investments)
	2,000			Texas Competitive Electric Holdings, Series A		10.250%		11/01/15		Caa2			1,430,000
				Energy Equipment & Services – 1.0% (0.7% of Total Investments)
	5,000			Williams Companies Inc., Floating Rate Note, 2.000% plus three-month LIBOR, 144A		2.281%		10/01/10		BB+			4,997,565
				Food Products – 0.4% (0.3% of Total Investments)
	1,780			Dole Food Company		8.875%		3/15/11		B-			1,784,450
				Health Care Providers & Services – 1.0% (0.7% of Total Investments)
	3,000			HCA Inc., 144A		8.500%		4/15/19		BB			3,195,000
	2,000			Select Medical Corporation, Floating Rate Note, 5.750% plus six-month LIBOR		6.314%		9/15/15		Caa1			1,795,000
	5,000			Total Health Care Providers & Services									4,990,000
				Hotels, Restaurants & Leisure – 1.3% (1.0% of Total Investments)
	7,900			Mohegan Tribal Gaming Authority		8.000%		4/01/12		CCC+			6,754,500
				Internet Software & Services – 0.2% (0.2% of Total Investments)
	1,750			Open Solutions Inc., 144A		9.750%		2/01/15		CCC+			1,181,250
				Oil, Gas & Consumable Fuels – 1.5% (1.1% of Total Investments)
	1,000			SemGroup LP, 144A, (10)		8.750%		11/15/15		N/R			65,000
	5,000			Western Refining Inc., Floating Rate Note, 7.500% plus three-month LIBOR, 144A		7.781%		6/15/14		BB-			4,650,000
	3,000			Western Refining Inc., 144A		11.250%		6/15/17		BB-			2,790,000
	9,000			Total Oil, Gas & Consumable Fuels									7,505,000
				Paper & Forest Products – 0.3% (0.2% of Total Investments)
	2,000			Verso Paper Holdings LLC., Series B, Floating Rate Note, 3.750% plus three-month LIBOR		4.031%		8/01/14		B2			1,320,000
				Semiconductors & Equipment – 2.0% (1.5% of Total Investments)
	1,400			Avago Technologies Finance Pte. Ltd., Floating Rate Note, 5.500% plus three-month LIBOR		5.781%		6/01/13		N/R			1,384,250
	4,320			NXP BV, 144A		10.000%		7/15/13		B-			4,330,800
	4,000			Spansion LLC, Floating Rate Note, 3.125% plus three-month LIBOR, 144A, (11)		3.406%		6/01/13		D			4,220,000
	9,720			Total Semiconductors & Equipment									9,935,050
				Textiles, Apparel & Luxury Goods – 0.2% (0.1% of Total Investments)
	1,000			HanesBrands Inc., Floating Rate Note, 3.375% plus six-month LIBOR		3.939%		12/15/14		B+			905,000
				Wireless Telecommunication Services – 0.4% (0.3% of Total Investments)
	2,000			Sprint Nextel Corporation		8.375%		8/15/17		BB			1,940,000
$	54,150			Total Corporate Bonds (cost $48,988,930)									49,367,815

Shares				Description (1)								Value
				Investment Companies – 1.9% (1.4% of Total Investments)
	353,668			Eaton Vance Floating-Rate Income Trust Fund								$	4,424,387
	963,820			Eaton Vance Senior Income Trust									5,339,563
				Total Investment Companies (cost $11,947,776)									9,763,950

Principal
Amount (000)				Description (1)		Coupon		Maturity				Value
				Short-Term Investments – 5.9% (4.3% of Total Investments)
$	29,487			Repurchase Agreement with Fixed Income Clearing Corporation, dated 10/30/09, repurchase price $29,486,748, collateralized by $28,060,000 U.S. Treasury Notes, 4.500%, due 9/30/11, value $30,080,320		0.010%		11/02/09				$	29,486,723
				Total Short-Term Investments (cost $29,486,723)									29,486,723
				Total Investments (cost $744,202,348) – 136.2%									682,298,204
				Borrowings – (12.1)% (14)									(60,500,000	)
				Other Assets Less Liabilities – (3.2)%									(15,994,645	)
				Preferred Shares, at Liquidation Value – (20.9)% (14)									(105,000,000	)
				Net Assets Applicable to Common Shares – 100%								$	500,803,559

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 October 31, 2009:

		Level 1				Level 2				Level 3				Total
Investments:
Variable Rate Senior Loan Interests		$	—			$	581,966,055			$	—			$	581,966,055
Common Stocks*			—				11,713,661				—				11,713,661
Corporate Bonds			—				49,367,815				—				49,367,815
Investment Companies			9,763,950				—				—				9,763,950
Short-Term Investments			29,486,723				—				—				29,486,723
Total		$	39,250,673			$	643,047,531			$	—			$	682,298,204

* Refer to the Fund’s Portfolio of Investments for industry breakdown of Common Stocks classified as Level 2.

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 October 31, 2009, the cost of investments was $746,216,914.

Gross unrealized appreciation and gross unrealized depreciation of investments at October 31, 2009, were as follows:

Gross unrealized:
Appreciation		$	19,924,975
Depreciation			(83,843,685	)
Net unrealized appreciation (depreciation) of investments		$	(63,918,710	)

(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)		At or subsequent to October 31, 2009, this issue was under the protection of the Federal Bankruptcy Court.
(6)		Non-income producing; denotes that the issuer has defaulted on the payment of principal or interest or has filed for bankruptcy.
(7)		Position, or portion of position, represents an unfunded Senior Loan commitment outstanding at October 31, 2009. At October 31, 2009, the Fund had unfunded Senior Loan commitments of $2,222,222.
(8)		Negative value represents unrealized depreciation on unfunded Senior Loan commitment outstanding at October 31, 2009.
(9)		Non-income producing; issuer has not declared a dividend within the past twelve months.
(10)		This issue is under protection of the Federal Bankruptcy Court. As a result, the Fund’s 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.
(11)		This issue is under protection of the Federal Bankruptcy Court (the “Bankruptcy Court”). As a result, the Fund’s Adviser concluded that the issuer was not likely to meet its future interest payment obligations and directed the Fund’s custodian to cease accruing additional income and “write-off” any remaining recorded balances on the Fund’s records. On July 1, 2009, the Fund received its June 1, 2009, interest payment and subsequently received its September 1, 2009, interest payment as directed by the Bankruptcy Court’s Final Order. As of September 2, 2009, the Fund ceased accruing additional income on this issue.
(12)		For fair value measurement disclosure purposes, investment categorized as Level 2.
(13)		Subsequent to the reporting period, this issue is under protection of the Federal Bankruptcy Court. As a result, the Fund’s 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.
(14)		Borrowings and Preferred Shares, at Liquidation Value as a percentage of Total Investments are 8.9% and 15.4%, respectively.
N/A		Not available.
N/R		Not rated.
WI/DD		Purchased on a when-issued or delayed delivery basis.
DD1		Portion of investment purchased on a 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 December 30, 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 December 30, 2009

Date December 30, 2009