Question

You own shares of the Nuveen Floating Rate Income Fund (ticker: JFR), which is a closed-end fund. You want to sell your shares. Which statement below applies to your situation?

Group of answer choices

Nuveen only accepts returns of shares if they are proven to be defective

Y must hold your shares because they have not yet matured

You must sell your shares to another investor

You may redeem your shares directly from Nuveen

The primary difference between a balanced fund and an asset allocation is:

Group of answer choices

that an asset allocation fund invests in a mix of stocks and bonds, while a balanced fund does not.

that a balanced fund's asset mix is roughly static while an asset allocation fund is dynamic over time.

that an asset allocation fund's asset mix is roughly static while a balanced fund is dynamic over time.

that a balanced fund invests in a mix of stocks and bonds, while an asset allocation fund does not.

Answer 1

1. Nuveen Floating Rate Income Fund is closed end fund, it trades on an exchange like equity and can be sold and bought in the secondary market by investors. So, i must sell those share to another investor. Other options provided are not correct as the fund type is closed end.

2. Primary difference between a balanced fund and asset allocation fund is "that a banlanced fund invests in mix of stocks and bonds, while an asset allocation fund does not."