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:    4/30/2007   

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)
April 30, 2007

						Weighted
Principal						Average
Amount (000)				Description (1)		Coupon		Maturity (3)		Ratings (4)		Value
				Variable Rate Senior Loan Interests – 143.8% (93.1% of Total Investments) (2)
				Aerospace & Defense – 1.6% (1.0% of Total Investments)
$	5,043			Mid-Western Aircraft Systems Inc., Term Loan B		7.105%		12/31/11		BB+		$	5,070,885
	2,300			Transdigm Inc., Term Loan B		7.348%		6/23/13		Ba3			2,316,388
	2,403			Vought Aircraft Industries, Inc., Term Loan		7.830%		12/22/11		Ba2			2,423,589
	545			Vought Aircraft Industries, Inc., Tranche B, Letter of Credit		7.822%		12/22/10		Ba2			549,545
	10,291			Total Aerospace & Defense									10,360,407
				Airlines – 2.5% (1.6% of Total Investments)
	8,000			Northwest Airlines Inc., Term Loan		7.320%		7/19/08		BBB-			8,037,504
	8,700			United Air Lines Inc., Delayed Draw, Term Loan		7.375%		2/01/14		B+			8,713,594
	16,700			Total Airlines									16,751,098
				Auto Components – 4.3% (2.8% of Total Investments)
	3,000			Delphi Automotive Systems Corporation, DIP Term Loan		8.125%		12/31/07		BBB-			3,013,763
	17,662			Federal-Mogul Corporation, Term Loan A, (6)		7.570%		2/24/04		N/R			17,601,287
	2,000			Federal-Mogul Corporation, Term Loan B, (6)		7.820%		2/24/05		N/R			1,994,792
	6,000			Goodyear Tire & Rubber Company, Second Lien Term Loan		7.100%		4/30/14		Ba2			6,030,945
	28,662			Total Auto Components									28,640,787
				Beverages – 0.3% (0.1% of Total Investments)
	2,083			Constellation Brands, Inc., Term Loan		6.875%		6/05/13		BB-			2,091,580
				Building Products – 8.0% (5.2% of Total Investments)
	1,768			Atrium Companies Inc., Term Loan		8.518%		5/31/12		B1			1,761,862
	5,000			Building Materials Corporation of America, Second Lien Term Loan		11.125%		9/15/14		B			4,958,333
	8,978			Building Materials Corporation of America, Term Loan		8.188%		2/22/14		BB-			8,939,346
	14,625			Nortek, Inc., Term Loan B		7.365%		8/27/11		Ba2			14,687,156
	4,412			PP Acquisition Corporation, Term Loan		8.320%		11/12/11		Ba3			4,433,836
	7,344			Stile Acquisition Corporation, Canadian Term Loan		7.350%		4/05/13		BB-			7,198,019
	7,356			Stile Acquisition Corporation, Term Loan B		7.350%		4/05/13		BB-			7,210,281
	3,980			TFS Acquisition, Term Loan		8.850%		8/11/13		B+			4,009,850
	53,463			Total Building Products									53,198,683
				Capital Markets – 1.1% (0.7% of Total Investments)
	2,773			Ameritrade Holdings Corporation, Term Loan B		6.820%		12/31/12		Ba1			2,781,886
	4,643			BNY Convergex Group LLC, Term Loan		8.350%		10/02/13		B+			4,686,964
	7,416			Total Capital Markets									7,468,850
				Chemicals – 9.8% (6.4% of Total Investments)
	5,600			Celanese Holdings, LLC, Term Loan C		7.099%		4/02/14		BB-			5,635,876
	1,400			Celanese Holdings, LLC, Credit-Linked Deposit		5.320%		4/02/14		BB-			1,408,969
	1,882			Foamex LP, Term Loan		7.597%		2/12/13		B1			1,888,628
	820			Headwaters Inc., First Lien Term Loan		7.360%		4/30/11		BB-			822,363
	11,507			Hercules Inc., Term Loan B		6.820%		10/08/10		Baa3			11,531,671
	4,892			Hexion Specialty Chemicals, Inc., Term Loan C1		7.875%		5/05/13		Ba3			4,933,352
	1,063			Hexion Specialty Chemicals, Inc., Term Loan C2		7.875%		5/05/13		Ba3			1,071,664
	8,150			Huntsman International LLC, Term Loan		7.070%		8/16/12		Ba1			8,177,088
	3,960			Ineos Group Holdings PLC, Term Loan B		7.580%		12/06/13		Ba2			4,009,500
	3,960			Ineos Group Holdings PLC, Term Loan C		8.080%		12/16/14		Ba2			4,009,500
	461			JohnsonDiversey Inc., Term Loan		7.860%		12/16/11		Ba2			466,903
	1,470			Lucite International, Term Loan B-1		8.070%		7/07/13		Ba3			1,488,182
	519			Lucite International, Term Loan B-2, (5)		3.108%		7/07/13		Ba3			140,840
	6,965			Lyondell Citgo Refining LP, Term Loan		6.860%		8/16/13		BB			6,995,691
	12,740			Rockwood Specialties Group, Inc., Term Loan E		7.355%		7/30/12		Ba2			12,858,648
	65,389			Total Chemicals									65,438,875
				Commercial Services & Supplies – 4.8% (3.1% of Total Investments)
	4,278			Allied Waste North America, Inc., Letter of Credit		7.073%		1/15/12		BB			4,303,233
	9,646			Allied Waste North America, Inc., Term Loan B		7.097%		1/15/12		BB			9,699,041
	4,606			Aramark Corporation, Term Loan		7.475%		1/26/14		Ba3			4,633,402
	329			Aramark, Letter of Credit		7.475%		1/26/14		Ba3			331,134
	998			NCO Group Inc., Term Loan		8.355%		5/15/13		Ba3			1,005,293
	3,000			Rental Services Corporation, Term Loan		8.857%		11/30/13		B-			3,051,000
	5,500			Williams Scotsman, Inc., Term Loan B		6.820%		6/28/10		BB			5,498,281
	1,362			Workflow Management, Inc., Term Loan		9.355%		11/30/11		BB-			1,360,876
	1,800			Xerium Technologies Inc. Term Loan B		8.100%		5/18/12		B+			1,804,284
	31,519			Total Commercial Services & Supplies									31,686,544
				Communications Equipment – 1.0% (0.6% of Total Investments)
	2,985			Aspect Software, Term Loan B		8.375%		7/11/11		Ba3			3,016,093
	1,990			IPC Acquisition Corporation, First Lien Term Loan		7.850%		9/29/14		B1			2,009,485
	427			Valassis Communications, Inc., Delayed Draw, Term Loan, (5) (7)		1.000%		3/02/14		Ba2			(267	)
	1,573			Valassis Communications, Inc., Term Loan B		7.100%		3/02/14		Ba2			1,576,939
	6,975			Total Communications Equipment									6,602,250
				Consumer Finance – 0.5% (0.3% of Total Investments)
	2,981			Peach Holdings Inc., Term Loan		9.100%		11/30/13		B			3,007,336
				Containers & Packaging – 4.9% (3.2% of Total Investments)
	1,980			Amscan Holdings Inc., Term Loan B		8.385%		4/30/12		Ba3			1,997,945
	1,143			Bluegrass Container Company LLC, Delayed Draw, First Lien Term Loan		7.589%		6/30/13		BB-			1,156,961
	3,820			Bluegrass Container Company, LLC, Term Loan B		7.591%		6/30/13		BB-			3,866,685
	19,601			Graham Packaging Company, L.P., Term Loan B		7.625%		2/14/10		B1			19,743,590
	699			Smurfit-Stone Container Corporation, Deposit-Funded Commitment		7.748%		11/01/11		Ba2			704,714
	2,762			Smurfit-Stone Container Corporation, Term Loan B		7.531%		11/01/11		Ba2			2,785,558
	1,679			Smurfit-Stone Container Corporation, Term Loan C		7.546%		11/01/11		Ba2			1,693,912
	527			Smurfit-Stone Container Corporation, Tranche C-1		7.375%		11/01/11		Ba2			531,588
	32,211			Total Containers & Packaging									32,480,953
				Diversified Consumer Services – 1.7% (1.1% of Total Investments)
	2,992			Riverdeep Group Limited, Term Loan		8.100%		12/20/13		B1			3,015,693
	8,112			West Corporation, Term Loan		7.750%		10/24/13		B+			8,179,751
	11,104			Total Diversified Consumer Services									11,195,444
				Diversified Financial Services – 0.8% (0.5% of Total Investments)
	3,400			NASDAQ Stock Market, Inc., Term Loan B		7.070%		12/01/11		BB+			3,411,809
	1,971			NASDAQ Stock Market, Inc., Term Loan C		7.070%		4/18/12		BB+			1,977,746
	5,371			Total Diversified Financial Services									5,389,555
				Diversified Telecommunication Services – 5.5% (3.6% of Total Investments)
	6,000			Cequel Communications LLC., Term Loan B		7.349%		11/05/13		B+			6,000,750
	1,000			Choice One Communications, Term Loan B		9.375%		6/27/12		Ba3			1,015,000
	1,000			Choice One Communications, Term Loan B		8.875%		6/30/12		B1			1,015,000
	6,000			Crown Castle International Corporation, Term Loan		6.893%		1/26/14		BB+			6,018,048
	3,930			Intelsat Corporation, Term Loan		7.349%		7/01/13		Ba2			3,962,183
	6,800			Level 3 Communications Incorporated, Term Loan		7.605%		3/13/14		B1			6,830,814
	5,965			MetroPCS Inc., Term Loan		7.625%		11/03/13		B1			6,010,496
	5,500			Qwest Corporation, Term Loan B		6.950%		6/30/10		BB			5,666,147
	36,195			Total Diversified Telecommunication Services									36,518,438
				Electric Utilities – 3.0% (1.9% of Total Investments)
	17,778			Calpine Corporation, DIP Term Loan		7.590%		3/29/09		N/R			17,890,738
	2,222			Calpine Corporation, DIP Revolver, (5) (7)		0.250%		3/29/09		N/R			(33,333	)
	188			MACH Gen LLC, Synthetic Letter of Credit		7.350%		2/22/13		B			187,764
	1,808			MACH Gen LLC, Term Loan		7.360%		2/22/14		B			1,809,777
	21,996			Total Electric Utilities									19,854,946
				Electrical Equipment – 0.9% (0.6% of Total Investments)
	6,017			Mueller Group, Inc., Term Loan		7.348%		10/03/12		BB-			6,063,388
				Electronic Equipment & Instruments – 1.7% (1.1% of Total Investments)
	10,000			Sanmina-SCI Corporation, Term Loan		8.375%		7/31/08		Ba3			10,052,085
	993			Sensata Technologies B.V., Term Loan		7.105%		4/27/13		BB-			993,149
	10,993			Total Electronic Equipment & Instruments									11,045,234
				Energy Equipment & Services – 0.1% (0.1% of Total Investments)
	573			Petroleum Geo-Services, Term Loan		7.600%		12/15/12		BB-			577,821
				Food & Staples Retailing – 2.3% (1.5% of Total Investments)
	10,997			Jean Coutu Group, Inc., Term Loan B		7.875%		7/30/11		BB-			11,022,960
	3,930			Supervalu, Term Loan B		6.840%		6/02/12		BB-			3,950,766
	14,927			Total Food & Staples Retailing									14,973,726
				Food Products – 0.7% (0.5% of Total Investments)
	465			Dole Foods Company Inc., Deposit-Funded Commitment		7.356%		4/12/13		Ba3			465,181
	1,036			Dole Foods Company Inc., Term Loan B		7.541%		4/12/13		Ba3			1,036,191
	3,453			Dole Foods Company Inc., Term Loan C		7.456%		4/12/13		Ba3			3,453,968
	4,954			Total Food Products									4,955,340
				Gas Utilities – 0.2% (0.1% of Total Investments)
	1,000			Energy Transfer Partners LP, Term Loan		7.080%		2/08/12		BBB-			1,007,679
				Health Care Equipment & Supplies – 0.4% (0.3% of Total Investments)
	2,802			Kinetic Concepts Inc., Term Loan B-1		6.850%		8/11/10		Ba1			2,807,701
				Health Care Providers & Services – 10.7% (6.9% of Total Investments)
	9,745			Davita Inc., Term Loan B		6.842%		10/05/12		Ba1			9,785,054
	10,973			HCA, Inc., Term Loan		7.600%		11/17/13		BB			11,100,011
	10,000			Health Management Associates, Term Loan		7.100%		2/28/14		Ba2			10,051,040
	3,970			HealthSouth Corporation, Term Loan		7.847%		3/10/13		B+			4,002,256
	3,246			IASIS Healthcare, LLC, Delayed Draw Term Loan, WI/DD		TBD		TBD		Ba2			3,258,666
	866			IASIS Healthcare, LLC, Letter of Credit, WI/DD		TBD		TBD		Ba2			868,978
	9,501			IASIS Healthcare, LLC, Term Loan, WI/DD		TBD		TBD		Ba2			9,537,029
	1,995			Invacare Corporation, Term Loan B		7.600%		2/12/13		Ba2			2,007,469
	3,940			LifeCare Holdings Inc., Term Loan B		7.600%		8/01/12		B1			3,913,405
	1,010			LifePoint Hospitals Holdings, Inc., Term Loan B		6.985%		4/15/14		BB-			1,008,910
	2,940			Select Medical Corporation, Term Loan		7.349%		2/24/12		Ba2			2,935,156
	12,740			Vanguard Health Holding Company, LLC, Replacement Term Loan		7.600%		9/23/11		Ba3			12,837,919
	70,926			Total Health Care Providers & Services									71,305,893
				Health Care Technology – 0.3% (0.2% of Total Investments)
	1,982			Emdeon Business Services Term Loan		7.600%		11/16/13		B+			1,992,902
				Hotels, Restaurants & Leisure – 11.6% (7.5% of Total Investments)
	9,350			24 Hour Fitness Worldwide, Inc., Term Loan B		7.850%		7/01/09		Ba3			9,414,698
	3,149			Ameristar Casinos, Inc., Term Loan B		6.820%		11/10/12		BB+			3,151,708
	5,835			Boyd Gaming Corporation, Term Loan B		6.820%		6/30/11		Ba1			5,859,361
	1,293			Burger King Corporation, Term Loan B		6.875%		6/30/12		Ba2			1,297,830
	778			CBRL Group, Inc., Term Loan B-1		6.860%		4/27/13		BB			779,791
	122			CBRL Group, Inc., Delayed Draw, Term Loan B-2 (5) (7)		0.750%		4/27/13		BB			(51	)
	4,963			Cedar Fair LP, Term Loan		7.320%		8/30/12		BB-			5,015,227
	964			Green Valley Ranch Gaming, Term Loan B		7.360%		2/16/14		B+			969,831
	4,727			Intrawest Corporation, Term Loan		9.250%		12/31/07		N/R			4,738,363
	7,875			Penn National Gaming, Inc., Term Loan B		7.114%		10/03/12		BB			7,939,048
	518			Seminole Gaming, Delayed Draw, Term Loan B-1 (5)		2.844%		3/05/14		BBB-			129,879
	1,749			Seminole Gaming, Delayed Draw, Term Loan B-2		6.875%		3/05/14		BBB-			1,750,081
	1,733			Seminole Gaming, Delayed Draw, Term Loan B-3		6.875%		3/05/14		BBB-			1,733,877
	9,968			Travelport, Term Loan		7.850%		8/23/13		Ba3			10,067,019
	981			Travelport, Letter of Credit		7.850%		8/23/13		Ba3			991,145
	1,965			Trump International, Term Loan B-2, (5)		2.790%		5/20/12		BB-			283,550
	1,965			Trump International, Term Loan B		7.870%		5/20/12		BB-			1,981,862
	9,255			Universal City Development Partners, Ltd., Term Loan		7.360%		6/09/11		Ba1			9,312,386
	1,709			Venetian Casino Resort, LLC, Delayed Draw, Term Loan		7.090%		6/15/11		BB-			1,718,114
	8,291			Venetian Casino Resort, LLC, Term Loan		7.090%		6/15/11		BB-			8,332,851
	1,995			Worldspan LP, Term Loan		8.600%		12/07/13		Ba3			2,005,224
	79,185			Total Hotels, Restaurants & Leisure									77,471,794
				Household Durables – 0.3% (0.2% of Total Investments)
	1,949			Rent-A-Center Inc., Term Loan B		7.116%		6/30/12		BB			1,954,888
				Household Products – 1.7% (1.1% of Total Investments)
	8,536			Prestige Brands, Inc., Term Loan B		7.634%		4/06/11		Ba3			8,589,213
	2,813			Solo Cup Company, Term Loan		8.847%		2/27/11		B1			2,860,793
	11,349			Total Household Products									11,450,006
				Independent Power Producers & Energy Traders – 0.4% (0.2% of Total Investments)
	1,678			Covanta Energy Corporation, Term Loan B		6.875%		2/09/14		Ba2			1,680,908
	822			Covanta Energy Corporation, Letter of Credit		6.775%		2/09/14		Ba2			823,793
	2,500			Total Independent Power Producers & Energy Traders									2,504,701
				Insurance – 2.5% (1.6% of Total Investments)
	16,732			Conseco, Inc., Term Loan		7.320%		10/10/13		BB-			16,831,264
				IT Services – 3.4% (2.2% of Total Investments)
	1,365			Infor Global Solutions, Delayed Draw, Term Loan		9.100%		7/28/12		B1			1,373,100
	2,615			Infor Global Solutions, Term Loan		9.100%		4/18/11		B1			2,637,660
	18,567			SunGard Data Systems Inc., Term Loan B		7.360%		2/28/14		Ba3			18,748,553
	22,547			Total IT Services									22,759,313
				Leisure Equipment & Products – 1.5% (1.0% of Total Investments)
	10,025			Bombardier Recreational Products, Term Loan		7.860%		6/28/13		BB			10,103,644
				Machinery – 1.1% (0.7% of Total Investments)
	2,567			Navistar International, Term Loan		8.610%		1/31/12		BB-			2,605,701
	933			Navistar International, Synthetic Letter of Credit		8.208%		1/19/12		BB-			947,527
	3,990			Oshkosh Truck Corporation, Term Loan		7.100%		12/06/13		BB			4,006,834
	7,490			Total Machinery									7,560,062
				Marine – 0.6% (0.4% of Total Investments)
	3,865			Horizon Lines, LLC, Term Loan B		7.600%		7/11/11		Ba2			3,888,006
				Media – 25.3% (16.4% of Total Investments)
	2,000			American Media Operations, Inc., Term Loan C		8.450%		1/30/13		B1			2,014,584
	4,377			Blockbuster, Inc., Term Loan B		8.631%		8/20/11		B1			4,430,218
	2,935			Cablevision Systems Corporation, Incremental Term Loan		7.084%		3/29/13		BB			2,948,873
	3,000			Charter Communications Operating, LLC, Term Loan		7.850%		9/06/14		B1			3,006,251
	4,928			Clear Channel Entertainment, Term Loan B		8.089%		6/20/13		B+			4,952,213
	3,562			Dex Media West, LLC, Term Loan B		6.852%		3/09/10		Ba1			3,567,754
	7,980			Idearc Inc., Term Loan		7.350%		11/17/14		BB+			8,042,132
	13,818			Metro-Goldwyn-Mayer Studios, Inc., Term Loan B		8.600%		4/08/12		B+			13,849,056
	15,920			Neilsen Finance LLC, Term Loan B		7.610%		8/09/13		Ba3			16,077,544
	1,184			Nextmedia Operating Group, Delayed Draw, Term Loan		7.320%		11/15/12		B1			1,186,224
	2,670			Nextmedia Operating Inc., First Lien Term Loan		7.320%		11/15/12		B1			2,673,829
	16,915			Panamsat Corporation, Term Loan		7.349%		7/03/13		BB			17,066,711
	4,781			Philadelphia Newspapers, Term Loan		8.100%		6/29/13		N/R			4,809,603
	6,403			Primedia Inc., Term Loan		7.570%		9/30/13		B			6,406,834
	5,000			ProQuest Company, Term Loan B		8.332%		2/09/14		N/R			5,009,375
	2,282			R. H. Donnelley Inc., Term Loan D-2		6.851%		6/30/11		Ba1			2,286,164
	1,000			Readers Digest Association, Term Loan		7.339%		3/02/14		B1			1,002,500
	10,304			Regal Cinemas Corporation, Term Loan		7.100%		10/27/13		Ba2			10,349,471
	980			Spanish Broadcasting System Inc., Term Loan B		7.100%		6/10/12		B1			982,450
	1,510			Univision Communications, Delayed Draw, Term Loan, (5) (7)		1.000%		9/29/14		Ba3			(1,158	)
	5,000			Univision Communications, Second Lien Term Loan		7.820%		3/29/09		B3			5,005,208
	23,490			Univision Communications, Term Loan		7.605%		9/15/14		Ba3			23,471,916
	3,500			UPC Broadband Holding BV, Term Loan J2		7.370%		3/29/13		Ba3			3,507,499
	3,500			UPC Broadband Holding BV, Term Loan K2		7.370%		12/31/13		Ba3			3,507,499
	15,337			WMG Acquisition Corp., Term Loan		7.359%		2/28/11		Ba2			15,415,209
	6,025			Yell Group, Term Loan		7.320%		10/27/12		Ba3			6,079,089
	168,401			Total Media									167,647,048
				Metals & Mining – 1.6% (1.0% of Total Investments)
	2,775			Amsted Industries Inc., Delayed Draw, Term Loan		7.350%		4/05/11		BB-			2,781,764
	3,818			Amsted Industries Incorporated, Term Loan B		7.350%		4/05/13		BB-			3,832,655
	2,070			Freeport McMoran Copper and Gold, Term Loan		7.070%		3/19/14		Baa3			2,078,904
	1,979			John Maneely Company, Term Loan		8.611%		12/08/11		B+			1,985,622
	10,642			Total Metals & Mining									10,678,945
				Multiline Retail – 1.3% (0.8% of Total Investments)
	8,608			Neiman Marcus Group Inc., Term Loan		7.346%		4/06/13		Ba3			8,693,671
				Multi-Utilities – 2.0% (1.3% of Total Investments)
	9,296			NRG Energy Inc., Term Loan		7.350%		2/01/13		Ba1			9,377,785
	3,814			NRG Energy Inc., Credit-Linked Deposit		7.350%		2/01/13		Ba1			3,846,194
	13,110			Total Multi-Utilities									13,223,979
				Oil, Gas & Consumable Fuels – 1.1% (0.7% of Total Investments)
	2,000			Brand Services Inc., Term Loan B		7.625%		2/07/14		B1			2,011,876
	301			Coffeyville Resources LLC, Letter of Credit		8.249%		5/10/10		B+			304,981
	1,549			Coffeyville Resources LLC., Term Loan		8.350%		12/28/13		B+			1,570,507
	1,165			El Paso Corporation, Letter of Credit		7.320%		7/31/11		Ba1			1,172,339
	484			Targa Resources Inc., Synthetic Letter of Credit		7.475%		10/31/12		B+			487,765
	1,986			Targa Resources Inc., Term Loan B		7.356%		10/31/12		B+			2,001,868
	7,485			Total Oil, Gas & Consumable Fuels									7,549,336
				Paper & Forest Products – 4.0% (2.6% of Total Investments)
	3,997			Boise Cascade Corporation, Term Loan D		7.070%		3/29/11		BB			4,015,560
	11,850			Georgia-Pacific Corporation, Term Loan B		7.091%		12/20/10		Ba2			11,921,882
	4,664			Georgia-Pacific Corporation, Term Loan B-2		7.090%		12/20/12		Ba2			4,693,345
	2,086			NewPage Corporation, Term Loan B		7.625%		5/02/11		Ba2			2,106,726
	2,892			Ply Gem Industries Inc., Term Loan B3		8.100%		8/15/11		BB-			2,893,739
	108			Ply Gem Industries Inc., Canadian Term Loan		8.100%		8/15/11		BB-			108,136
	1,000			White Birch Paper Company, Second Lien Term Loan		12.820%		4/08/13		CCC+			1,017,813
	26,597			Total Paper & Forest Products									26,757,201

				Pharmaceuticals – 1.0% (0.7% of Total Investments)
	1,729			Stiefel Laboratories Inc, Delayed Draw, Term Loan		7.605%		12/28/13		Ba3			1,746,506
	2,261			Stiefel Laboratories Inc, Term Loan		7.605%		12/28/13		Ba3			2,283,394
	277			Warner Chilcott Corporation, Dovonex Delayed Draw Term Commitment		7.350%		1/18/12		B+			277,883
	1,879			Warner Chilcott Corporation, Tranche B		7.355%		1/18/12		B+			1,890,450
	516			Warner Chilcott Corporation, Tranche C		7.350%		1/18/12		B+			519,023
	6,662			Total Pharmaceuticals									6,717,256
				Real Estate Management & Development – 3.5% (2.3% of Total Investments)
	7,303			Capital Automotive LP., Term Loan		7.070%		12/16/10		BB+			7,374,410
	16,000			LNR Property Corporation, Term Loan B		8.110%		7/12/11		B+			16,111,424
	23,303			Total Real Estate Management & Development									23,485,834
				Road & Rail – 0.7% (0.4% of Total Investments)
	667			Hertz Corporation, Synthetic Term Loan		5.365%		12/21/12		BB+			672,057
	3,724			Hertz Corporation, Term Loan B		7.082%		12/21/12		Ba1			3,754,112
	4,391			Total Road & Rail									4,426,169
				Semiconductors & Equipment – 1.9% (1.3% of Total Investments)
	8,829			Advanced Micro Devices, Term Loan B		7.340%		12/31/13		BB-			8,852,748
	2,993			Freescale Semiconductor, Term Loan		7.110%		3/30/14		Baa3			3,000,994
	1,000			Spansion Inc., Term Loan		8.360%		11/03/12		Ba3			1,006,563
	12,822			Total Semiconductors & Equipment									12,860,305
				Software – 2.3% (1.5% of Total Investments)
	6,000			Dealer Computer Service, Second Lien Term Loan		10.850%		10/26/13		BB-			6,155,625
	8,948			Dealer Computer Service, Term Loan		7.350%		10/26/12		Ba2			8,997,849
	14,948			Total Software									15,153,474
				Specialty Retail – 6.2% (4.0% of Total Investments)
	983			Burlington Coat Factory Warehouse Corporation, Term Loan		7.610%		5/28/11		B			978,386
	5,970			CSK Automotive Corporation, Term Loan		8.353%		6/30/12		Ba3			6,063,319
	1,228			J Crew Operating Corporation, Term Loan		7.123%		5/15/13		Ba3			1,233,187
	12,666			Michaels Stores Inc., Term Loan		8.125%		10/31/13		B2			12,780,967
	5,970			Sally Beauty, Term Loan		7.860%		11/16/13		BB-			6,024,300
	11,000			TRU 2005 RE Holding Co. 1, Term Loan		8.320%		12/09/08		B3			11,101,409
	3,000			Toys “R” Us, Inc., Term Loan B		9.610%		7/19/12		Ba3			3,075,563
	40,817			Total Specialty Retail									41,257,131
				Textiles, Apparel & Luxury Goods – 1.5% (1.0% of Total Investments)
	3,704			HanesBrands Inc., Term Loan		7.105%		9/05/13		Ba2			3,729,962
	2,000			HanesBrands Inc., Second Lien Term Loan		9.105%		3/05/14		B1			2,051,563
	4,118			Visant Holding Corporation, Term Loan C		7.330%		7/29/10		B+			4,143,552
	9,822			Total Textiles, Apparel & Luxury Goods									9,925,077
				Trading Companies & Distributors – 1.3% (0.8% of Total Investments)
	2,000			Ashtead Group Public Limited Company, Term Loan B		7.125%		8/31/11		BB			2,000,000
	393			Brenntag Holdings, Acquisition Facility		7.887%		1/20/14		B1			395,182
	1,607			Brenntag Holdings, Term Loan B2		7.887%		1/20/14		B1			1,626,108
	1,219			United Rentals Inc., Credit Linked Deposit		5.320%		2/13/11		Ba1			1,225,757
	3,130			United Rentals Inc., Delayed Draw, Term Loan B		7.320%		2/14/11		Ba1			3,147,811
	8,349			Total Trading Companies & Distributors									8,394,858
$	958,129			Total Variable Rate Senior Loan Interests (cost $949,210,311)									956,709,392

Principal
Amount (000)				Description (1)		Coupon		Maturity		Ratings (4)		Value
				Corporate Bonds – 10.5% (6.8% of Total Investments)
				Diversified Telecommunication Services – 0.8% (0.6% of Total Investments)
$	5,000			Quest Corporation, Floating Rate Note, 3.250% plus three-month LIBOR		8.605%		6/15/13		N/R		$	5,493,750
				Electronic Equipment & Instruments – 2.5% (1.6% of Total Investments)
	16,000			NXP BV, Floating Rate Note, 2.750% plus three-month LIBOR, 144A		8.105%		10/15/13		BB+			16,600,000
				Energy Equipment & Services – 0.8% (0.5% of Total Investments)
	5,000			Williams Companies Inc., Floating Rate Note, 2.000% plus three-month LIBOR, 144A		7.355%		10/01/10		BB+			5,175,000
				Food Products – 0.5% (0.3% of Total Investments)
	1,528			Dole Foods Company		8.625%		5/01/09		B-			1,558,560
	1,780			Dole Foods Company		8.875%		3/15/11		B-			1,811,150
	3,308			Total Food Products									3,369,710
				Hotels Restaurants & Leisure – 1.2% (0.8% of Total Investments)
	7,900			Mohegan Tribal Gaming Authority		8.000%		4/01/12		Ba2			8,216,000
				Household Durables – 0.3% (0.2% of Total Investments)
	2,000			K. Hovnanian Enterprises Inc.		10.500%		10/01/07		BB			2,035,000
				Media – 1.6% (1.0% of Total Investments)
	10,000			Cablevision Systems Corporation, Floating Rate Note, 4.500% plus six-month LIBOR, Series B, 144A		9.860%		4/01/09		B+			10,650,000
				Paper & Forest Products – 0.7% (0.5% of Total Investments)
	500			Verso Paper Holdings LLC., 144A		9.125%		8/01/14		B			528,750
	4,000			Verso Paper Holdings LLC., Floating Rate Note, 3.750% plus three-month LIBOR, 144A		9.105%		8/01/14		B			4,140,000
	4,500			Total Paper & Forest Products									4,668,750
				Real Estate Investment Trust – 0.6% (0.4% of Total Investments)
	4,000			Felcor Lodging Trust Inc., Floating Rate Note, 1.875% plus six-month LIBOR, 144A		7.235%		12/01/11		Ba3			4,060,000
				Semiconductors & Equipment – 1.1% (0.7% of Total Investments)
	7,000			Avago Technologies Finance Pte Ltd., Floating Rate Note, 5.500% plus three-month LIBOR, 144A		10.855%		6/01/13		B			7,350,000
				Textiles Apparel & Luxury Goods – 0.2% (0.1% of Total Investments)
	1,000			HanesBrands Inc., Floating Rate Note, 3.375% plus six-month LIBOR, 144A		8.735%		12/15/14		B2			1,032,500
				Wireless Telecommunication Services – 0.2% (0.1% of Total Investments)
	1,000			Dobson Communications Corporation, Floating Rate Note, 4.250% plus three-month LIBOR		9.605%		10/15/12		Caa1			1,035,000
$	66,708			Total Corporate Bonds (cost $68,229,962)									69,685,710

Shares				Description (1)								Value
				Warrants – 0.1% (0.1% of Total Investments)
$	36,521			Reliant Energy Inc.									591,640
				Total Warrants (cost $257,912)									591,640
				Total Investments (cost $1,017,698,185) – 154.4%									1,026,986,742
				Other Assets Less Liabilities – 5.7%									38,102,067
				Preferred Shares, at Liquidation Value – (60.1)%									(400,000,000	)
				Net Assets Applicable to Common Shares – 100%								$	665,088,809

(1)		All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
(2)		Senior Loans in which the Fund invests 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.
(3)		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.
(4)		Ratings: Using the higher of Standard & Poor’s or Moody’s rating. Ratings below BBB by Standard & Poor’s Group or Baa by Moody’s Investor Service, Inc. are considered to be below investment grade.
(5)		Position or portion of position represents an unfunded Senior Loan commitment outstanding at April 30, 2007. At April 30, 2007, the Fund had unfunded Senior Loan commitments of $6,752,734.
(6)		At or subsequent to April 30, 2007, this issue was under the protection of the Federal Bankruptcy Court.
(7)		Negative value represents unrealized depreciation on Senior Loan commitment at April 30, 2007.
N/R		Not rated.
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.

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, recognition of premium amortization and timing differences in recognizing certain gains and losses on investment transactions.

At April 30, 2007, the cost of investments was $1,018,929,654.

Gross unrealized appreciation and gross unrealized depreciation of investments at April 30, 2007, were as follows:

Gross unrealized:
Appreciation		$	9,608,856
Depreciation			(1,551,768	)
Net unrealized appreciation (depreciation) of investments		$	8,057,088

	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, 2007

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, 2007

Date June 29, 2007