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Nuveen Preferred Securities & Income Opportunities Fund (JPI)

Potential benefits
  • Attractive income potential: Can provide opportunity for more income, a portion of which may be tax advantaged, by offering access to preferred securities
  • Broad market opportunity: A specialized team actively invests across the global credit spectrum in both retail and institutional preferred securities and income issues
  • Risk and reward balance: A research-driven approach helps optimize value and minimize risk in order to enhance yields and long-term performance

Fund description

The Fund seeks to provide a high level of current income and total return by investing at least 80% of its managed assets in preferred and other income-producing securities, including hybrid securities such as contingent capital securities, with a focus on securities issued by financial and insurance firms. At least 50% of its managed assets are rated investment grade at the time of purchase or, if unrated, judged to be of comparable quality by the fund’s portfolio team. The Fund uses leverage.

For term definitions and index descriptions, please access the glossary in the footer.

**If the fund’s distribution includes anything other than net investment income, the fund provides a 19a notice of the best estimate of its distribution sources at that time.
  • Fund basics
  • Capital structure
  • Leverage
  • Common shares
  • Annual expense ratios

Fund basics

Fund Ticker

JPI

Exchange

NYSE

CUSIP

67075A106

Inception date

26 Jul 2012

Inception NAV

$23.88

Inception Share Price

$25.00

NAV Ticker

XJPIX

Capital structure

As of: --

Leverage

As of: --

*The ratio of total assets of the Fund, less all liabilities that are not outstanding borrowings or outstanding preferreds, at par, to the sum of the Fund’s outstanding borrowings and outstanding preferreds, at par.

**The annualized ratio of the sum of leverage costs to the average leverage amount for a given time period.

Common shares

As of: --

Annual expense ratios

As of: --

Fund fees and expenses are presented as a percentage of both common shareholder capital and total fund investment capital. The first column portrays the costs directly and indirectly borne by common shareholders. The second column portrays the costs borne by the Fund on its total investment capital, which includes common assets as well as assets attributable to the Fund's issuance of senior securities (e.g. preferred shares and debt). This column enables a common shareholder to better understand how fund expenses impact portfolio investment returns. Interest expenses from leverage represent costs associated with the Fund's financing activities, which are distinct from the costs associated with the Fund's underlying core operations. Certain leveraging instruments including repurchase agreements (repos) are sometimes more efficient forms of leverage, but when used, the costs are difficult to accurately disaggregate and are not shown here.

Beginning August 19, 2024, the investment adviser of Nuveen Preferred Securities & Income Opportunities Fund (JPI) has committed to waive 50% of the fund's net management fees through August 18, 2025. Absent the waiver, the fund's expenses would be higher and net investment income would be lower.

Expense ratios are calculated using the prior 12 months of expense data as of the previous month-end. Annualized leverage financing expense is included if the Fund was leveraged as of the previous month end.

Pricing

  • Overview
  • Premium/discount history
  • Share price and NAV history

Overview

As of: 21 Feb 2025
Share price NAV Premium discount*
Share price NAV Premium discount*
Current
$20.02
$19.98
0.20%
52 Wk Avg
--
--
-0.76%
52 Wk High
$21.41 (02 Oct 2024)
$20.55 (27 Sep 2024)
5.11% (22 Oct 2024)
52 Wk Low
$18.74 (23 Feb 2024)
$19.24 (16 Apr 2024)
-3.93% (20 Aug 2024)
Share price NAV Premium discount*
Share price NAV Premium discount*
Current
$20.02
$19.98
0.20%
52 Wk Avg
--
--
-0.76%
52 Wk High
$21.41 (02 Oct 2024)
$20.55 (27 Sep 2024)
5.11% (22 Oct 2024)
52 Wk Low
$18.74 (23 Feb 2024)
$19.24 (16 Apr 2024)
-3.93% (20 Aug 2024)

*The premium/discount is calculated as (most recent price/most recent NAV) -1.

Premium/discount history

As of: --

Share price and NAV history

As of: --

Premium/discount history and Share price and NAV history data shown represents past performance and is no guarantee of future results. Market price and net asset value (NAV) of a Fund's shares will fluctuate with market conditions. Current performance may be higher or lower than the performance shown.

Performance

  • Hypothetical growth of 10K
  • Calendar year returns
  • Average annual total returns

Hypothetical growth of 10K

From fund inception: 26 Jul 2012
Through: 31 Jan 2025
Price Date ORIGINAL INVESTMENT VALUE ORIGINAL INVESTMENT & CUMULATIVE DISTRIBUTIONS ORIGINAL INVESTMENT WITH ALL DISTRIBUTIONS REINVESTED
Price Date ORIGINAL INVESTMENT VALUE ORIGINAL INVESTMENT & CUMULATIVE DISTRIBUTIONS ORIGINAL INVESTMENT WITH ALL DISTRIBUTIONS REINVESTED
26 Jul 2012
$10,000
$10,000
$10,000
31 Jul 2012
$10,200
$10,200
$10,200
31 Aug 2012
$10,132
$10,132
$10,132
30 Sep 2012
$10,168
$10,236
$10,236
31 Oct 2012
$10,048
$10,183
$10,186
30 Nov 2012
$10,000
$10,203
$10,206
31 Dec 2012
$9,820
$10,129
$10,129
31 Jan 2013
$10,032
$10,409
$10,417
28 Feb 2013
$10,236
$10,681
$10,699
31 Mar 2013
$10,240
$10,752
$10,774
30 Apr 2013
$10,292
$10,872
$10,900
31 May 2013
$10,000
$10,647
$10,663
30 Jun 2013
$9,716
$10,431
$10,432
31 Jul 2013
$9,472
$10,255
$10,242
31 Aug 2013
$9,040
$9,890
$9,847
30 Sep 2013
$9,072
$9,990
$9,956
31 Oct 2013
$9,008
$9,993
$9,960
30 Nov 2013
$8,892
$9,945
$9,906
31 Dec 2013
$8,828
$10,144
$10,128
31 Jan 2014
$9,020
$10,403
$10,426
28 Feb 2014
$9,252
$10,703
$10,772
31 Mar 2014
$9,120
$10,634
$10,691
30 Apr 2014
$9,344
$10,921
$11,028
31 May 2014
$9,364
$11,005
$11,126
30 Jun 2014
$9,392
$11,096
$11,235
31 Jul 2014
$9,244
$11,011
$11,133
31 Aug 2014
$9,380
$11,210
$11,372
30 Sep 2014
$9,164
$11,057
$11,187
31 Oct 2014
$9,284
$11,241
$11,411
30 Nov 2014
$9,284
$11,304
$11,489
31 Dec 2014
$8,980
$11,074
$11,204
31 Jan 2015
$9,348
$11,505
$11,743
28 Feb 2015
$9,436
$11,657
$11,933
31 Mar 2015
$9,372
$11,657
$11,933
30 Apr 2015
$9,464
$11,813
$12,131
31 May 2015
$9,328
$11,741
$12,038
30 Jun 2015
$8,896
$11,374
$11,565
31 Jul 2015
$8,912
$11,455
$11,670
31 Aug 2015
$8,980
$11,588
$11,844
30 Sep 2015
$8,764
$11,437
$11,645
31 Oct 2015
$9,356
$12,094
$12,518
30 Nov 2015
$9,156
$11,959
$12,337
31 Dec 2015
$9,104
$12,046
$12,452
31 Jan 2016
$9,456
$12,463
$13,022
29 Feb 2016
$9,016
$12,088
$12,507
31 Mar 2016
$9,368
$12,505
$13,086
30 Apr 2016
$9,444
$12,646
$13,283
31 May 2016
$9,392
$12,659
$13,301
30 Jun 2016
$9,788
$13,120
$13,954
31 Jul 2016
$9,836
$13,233
$14,117
31 Aug 2016
$10,028
$13,490
$14,485
30 Sep 2016
$9,848
$13,375
$14,320
31 Oct 2016
$9,620
$13,212
$14,083
30 Nov 2016
$9,224
$12,881
$13,597
31 Dec 2016
$9,172
$12,889
$13,610
31 Jan 2017
$9,508
$13,285
$14,198
28 Feb 2017
$9,608
$13,445
$14,437
31 Mar 2017
$9,632
$13,529
$14,564
30 Apr 2017
$9,996
$13,954
$15,205
31 May 2017
$10,044
$14,062
$15,370
30 Jun 2017
$9,836
$13,910
$15,138
31 Jul 2017
$10,060
$14,191
$15,570
31 Aug 2017
$9,956
$14,144
$15,496
30 Sep 2017
$10,072
$14,316
$15,765
31 Oct 2017
$10,068
$14,369
$15,847
30 Nov 2017
$10,004
$14,361
$15,836
31 Dec 2017
$9,904
$14,318
$15,767
31 Jan 2018
$9,552
$14,023
$15,297
28 Feb 2018
$9,456
$13,983
$15,234
31 Mar 2018
$9,484
$14,068
$15,370
30 Apr 2018
$9,488
$14,128
$15,468
31 May 2018
$9,544
$14,241
$15,652
30 Jun 2018
$9,252
$14,003
$15,262
31 Jul 2018
$9,252
$14,057
$15,351
31 Aug 2018
$9,296
$14,156
$15,514
30 Sep 2018
$9,080
$13,994
$15,244
31 Oct 2018
$8,784
$13,752
$14,837
30 Nov 2018
$8,616
$13,638
$14,646
31 Dec 2018
$8,088
$13,164
$13,842
31 Jan 2019
$8,844
$13,975
$15,229
28 Feb 2019
$8,900
$14,085
$15,419
31 Mar 2019
$8,992
$14,231
$15,672
30 Apr 2019
$9,312
$14,605
$16,324
31 May 2019
$9,080
$14,427
$16,013
30 Jun 2019
$9,472
$14,874
$16,799
31 Jul 2019
$9,708
$15,164
$17,314
31 Aug 2019
$9,656
$15,166
$17,318
30 Sep 2019
$9,892
$15,456
$17,838
31 Oct 2019
$9,996
$15,614
$18,123
30 Nov 2019
$10,132
$15,805
$18,468
31 Dec 2019
$10,324
$16,051
$18,918
31 Jan 2020
$10,408
$16,189
$19,171
29 Feb 2020
$9,312
$15,147
$17,252
31 Mar 2020
$7,280
$13,169
$13,585
30 Apr 2020
$8,252
$14,194
$15,497
31 May 2020
$8,436
$14,430
$15,942
30 Jun 2020
$9,060
$15,106
$17,218
31 Jul 2020
$8,880
$14,978
$16,979
31 Aug 2020
$9,072
$15,222
$17,446
30 Sep 2020
$8,792
$14,995
$17,007
31 Oct 2020
$8,716
$14,971
$16,960
30 Nov 2020
$9,396
$15,703
$18,385
31 Dec 2020
$9,844
$16,203
$19,364
31 Jan 2021
$9,688
$16,099
$19,160
28 Feb 2021
$9,520
$15,984
$18,931
31 Mar 2021
$10,004
$16,520
$19,997
30 Apr 2021
$10,156
$16,724
$20,406
31 May 2021
$10,204
$16,824
$20,609
30 Jun 2021
$10,200
$16,872
$20,707
31 Jul 2021
$10,504
$17,229
$21,431
31 Aug 2021
$10,184
$16,961
$20,888
30 Sep 2021
$9,920
$16,749
$20,454
31 Oct 2021
$10,260
$17,141
$21,261
30 Nov 2021
$9,980
$16,913
$20,791
31 Dec 2021
$10,352
$17,338
$21,681
31 Jan 2022
$9,700
$16,738
$20,425
28 Feb 2022
$9,000
$16,090
$19,061
31 Mar 2022
$8,796
$15,938
$18,739
30 Apr 2022
$8,368
$15,562
$17,940
31 May 2022
$8,312
$15,559
$17,930
30 Jun 2022
$7,684
$14,983
$16,688
31 Jul 2022
$8,204
$15,555
$17,931
31 Aug 2022
$7,964
$15,367
$17,518
30 Sep 2022
$7,368
$14,823
$16,322
31 Oct 2022
$7,232
$14,737
$16,130
30 Nov 2022
$7,740
$15,295
$17,373
31 Dec 2022
$7,432
$15,036
$16,794
31 Jan 2023
$8,148
$15,798
$18,516
28 Feb 2023
$7,828
$15,524
$17,895
31 Mar 2023
$7,052
$14,794
$16,227
30 Apr 2023
$6,816
$14,597
$15,776
31 May 2023
$6,800
$14,621
$15,830
30 Jun 2023
$6,716
$14,576
$15,726
31 Jul 2023
$7,052
$14,951
$16,604
31 Aug 2023
$6,980
$14,918
$16,527
30 Sep 2023
$6,868
$14,845
$16,355
31 Oct 2023
$6,596
$14,613
$15,801
30 Nov 2023
$7,052
$15,108
$16,987
31 Dec 2023
$7,312
$15,407
$17,707
31 Jan 2024
$7,488
$15,622
$18,229
29 Feb 2024
$7,588
$15,761
$18,567
31 Mar 2024
$7,696
$15,909
$18,927
30 Apr 2024
$7,508
$15,760
$18,561
31 May 2024
$7,784
$16,075
$19,340
30 Jun 2024
$7,780
$16,110
$19,427
31 Jul 2024
$7,948
$16,317
$19,945
31 Aug 2024
$7,900
$16,309
$19,922
30 Sep 2024
$8,328
$16,803
$21,169
31 Oct 2024
$8,364
$16,905
$21,432
30 Nov 2024
$8,224
$16,832
$21,249
31 Dec 2024
$7,840
$16,514
$20,432
31 Jan 2025
$8,060
$16,801
$21,178
Price Date ORIGINAL INVESTMENT VALUE ORIGINAL INVESTMENT & CUMULATIVE DISTRIBUTIONS ORIGINAL INVESTMENT WITH ALL DISTRIBUTIONS REINVESTED
Price Date ORIGINAL INVESTMENT VALUE ORIGINAL INVESTMENT & CUMULATIVE DISTRIBUTIONS ORIGINAL INVESTMENT WITH ALL DISTRIBUTIONS REINVESTED
26 Jul 2012
$10,000
$10,000
$10,000
31 Jul 2012
$10,200
$10,200
$10,200
31 Aug 2012
$10,132
$10,132
$10,132
30 Sep 2012
$10,168
$10,236
$10,236
31 Oct 2012
$10,048
$10,183
$10,186
30 Nov 2012
$10,000
$10,203
$10,206
31 Dec 2012
$9,820
$10,129
$10,129
31 Jan 2013
$10,032
$10,409
$10,417
28 Feb 2013
$10,236
$10,681
$10,699
31 Mar 2013
$10,240
$10,752
$10,774
30 Apr 2013
$10,292
$10,872
$10,900
31 May 2013
$10,000
$10,647
$10,663
30 Jun 2013
$9,716
$10,431
$10,432
31 Jul 2013
$9,472
$10,255
$10,242
31 Aug 2013
$9,040
$9,890
$9,847
30 Sep 2013
$9,072
$9,990
$9,956
31 Oct 2013
$9,008
$9,993
$9,960
30 Nov 2013
$8,892
$9,945
$9,906
31 Dec 2013
$8,828
$10,144
$10,128
31 Jan 2014
$9,020
$10,403
$10,426
28 Feb 2014
$9,252
$10,703
$10,772
31 Mar 2014
$9,120
$10,634
$10,691
30 Apr 2014
$9,344
$10,921
$11,028
31 May 2014
$9,364
$11,005
$11,126
30 Jun 2014
$9,392
$11,096
$11,235
31 Jul 2014
$9,244
$11,011
$11,133
31 Aug 2014
$9,380
$11,210
$11,372
30 Sep 2014
$9,164
$11,057
$11,187
31 Oct 2014
$9,284
$11,241
$11,411
30 Nov 2014
$9,284
$11,304
$11,489
31 Dec 2014
$8,980
$11,074
$11,204
31 Jan 2015
$9,348
$11,505
$11,743
28 Feb 2015
$9,436
$11,657
$11,933
31 Mar 2015
$9,372
$11,657
$11,933
30 Apr 2015
$9,464
$11,813
$12,131
31 May 2015
$9,328
$11,741
$12,038
30 Jun 2015
$8,896
$11,374
$11,565
31 Jul 2015
$8,912
$11,455
$11,670
31 Aug 2015
$8,980
$11,588
$11,844
30 Sep 2015
$8,764
$11,437
$11,645
31 Oct 2015
$9,356
$12,094
$12,518
30 Nov 2015
$9,156
$11,959
$12,337
31 Dec 2015
$9,104
$12,046
$12,452
31 Jan 2016
$9,456
$12,463
$13,022
29 Feb 2016
$9,016
$12,088
$12,507
31 Mar 2016
$9,368
$12,505
$13,086
30 Apr 2016
$9,444
$12,646
$13,283
31 May 2016
$9,392
$12,659
$13,301
30 Jun 2016
$9,788
$13,120
$13,954
31 Jul 2016
$9,836
$13,233
$14,117
31 Aug 2016
$10,028
$13,490
$14,485
30 Sep 2016
$9,848
$13,375
$14,320
31 Oct 2016
$9,620
$13,212
$14,083
30 Nov 2016
$9,224
$12,881
$13,597
31 Dec 2016
$9,172
$12,889
$13,610
31 Jan 2017
$9,508
$13,285
$14,198
28 Feb 2017
$9,608
$13,445
$14,437
31 Mar 2017
$9,632
$13,529
$14,564
30 Apr 2017
$9,996
$13,954
$15,205
31 May 2017
$10,044
$14,062
$15,370
30 Jun 2017
$9,836
$13,910
$15,138
31 Jul 2017
$10,060
$14,191
$15,570
31 Aug 2017
$9,956
$14,144
$15,496
30 Sep 2017
$10,072
$14,316
$15,765
31 Oct 2017
$10,068
$14,369
$15,847
30 Nov 2017
$10,004
$14,361
$15,836
31 Dec 2017
$9,904
$14,318
$15,767
31 Jan 2018
$9,552
$14,023
$15,297
28 Feb 2018
$9,456
$13,983
$15,234
31 Mar 2018
$9,484
$14,068
$15,370
30 Apr 2018
$9,488
$14,128
$15,468
31 May 2018
$9,544
$14,241
$15,652
30 Jun 2018
$9,252
$14,003
$15,262
31 Jul 2018
$9,252
$14,057
$15,351
31 Aug 2018
$9,296
$14,156
$15,514
30 Sep 2018
$9,080
$13,994
$15,244
31 Oct 2018
$8,784
$13,752
$14,837
30 Nov 2018
$8,616
$13,638
$14,646
31 Dec 2018
$8,088
$13,164
$13,842
31 Jan 2019
$8,844
$13,975
$15,229
28 Feb 2019
$8,900
$14,085
$15,419
31 Mar 2019
$8,992
$14,231
$15,672
30 Apr 2019
$9,312
$14,605
$16,324
31 May 2019
$9,080
$14,427
$16,013
30 Jun 2019
$9,472
$14,874
$16,799
31 Jul 2019
$9,708
$15,164
$17,314
31 Aug 2019
$9,656
$15,166
$17,318
30 Sep 2019
$9,892
$15,456
$17,838
31 Oct 2019
$9,996
$15,614
$18,123
30 Nov 2019
$10,132
$15,805
$18,468
31 Dec 2019
$10,324
$16,051
$18,918
31 Jan 2020
$10,408
$16,189
$19,171
29 Feb 2020
$9,312
$15,147
$17,252
31 Mar 2020
$7,280
$13,169
$13,585
30 Apr 2020
$8,252
$14,194
$15,497
31 May 2020
$8,436
$14,430
$15,942
30 Jun 2020
$9,060
$15,106
$17,218
31 Jul 2020
$8,880
$14,978
$16,979
31 Aug 2020
$9,072
$15,222
$17,446
30 Sep 2020
$8,792
$14,995
$17,007
31 Oct 2020
$8,716
$14,971
$16,960
30 Nov 2020
$9,396
$15,703
$18,385
31 Dec 2020
$9,844
$16,203
$19,364
31 Jan 2021
$9,688
$16,099
$19,160
28 Feb 2021
$9,520
$15,984
$18,931
31 Mar 2021
$10,004
$16,520
$19,997
30 Apr 2021
$10,156
$16,724
$20,406
31 May 2021
$10,204
$16,824
$20,609
30 Jun 2021
$10,200
$16,872
$20,707
31 Jul 2021
$10,504
$17,229
$21,431
31 Aug 2021
$10,184
$16,961
$20,888
30 Sep 2021
$9,920
$16,749
$20,454
31 Oct 2021
$10,260
$17,141
$21,261
30 Nov 2021
$9,980
$16,913
$20,791
31 Dec 2021
$10,352
$17,338
$21,681
31 Jan 2022
$9,700
$16,738
$20,425
28 Feb 2022
$9,000
$16,090
$19,061
31 Mar 2022
$8,796
$15,938
$18,739
30 Apr 2022
$8,368
$15,562
$17,940
31 May 2022
$8,312
$15,559
$17,930
30 Jun 2022
$7,684
$14,983
$16,688
31 Jul 2022
$8,204
$15,555
$17,931
31 Aug 2022
$7,964
$15,367
$17,518
30 Sep 2022
$7,368
$14,823
$16,322
31 Oct 2022
$7,232
$14,737
$16,130
30 Nov 2022
$7,740
$15,295
$17,373
31 Dec 2022
$7,432
$15,036
$16,794
31 Jan 2023
$8,148
$15,798
$18,516
28 Feb 2023
$7,828
$15,524
$17,895
31 Mar 2023
$7,052
$14,794
$16,227
30 Apr 2023
$6,816
$14,597
$15,776
31 May 2023
$6,800
$14,621
$15,830
30 Jun 2023
$6,716
$14,576
$15,726
31 Jul 2023
$7,052
$14,951
$16,604
31 Aug 2023
$6,980
$14,918
$16,527
30 Sep 2023
$6,868
$14,845
$16,355
31 Oct 2023
$6,596
$14,613
$15,801
30 Nov 2023
$7,052
$15,108
$16,987
31 Dec 2023
$7,312
$15,407
$17,707
31 Jan 2024
$7,488
$15,622
$18,229
29 Feb 2024
$7,588
$15,761
$18,567
31 Mar 2024
$7,696
$15,909
$18,927
30 Apr 2024
$7,508
$15,760
$18,561
31 May 2024
$7,784
$16,075
$19,340
30 Jun 2024
$7,780
$16,110
$19,427
31 Jul 2024
$7,948
$16,317
$19,945
31 Aug 2024
$7,900
$16,309
$19,922
30 Sep 2024
$8,328
$16,803
$21,169
31 Oct 2024
$8,364
$16,905
$21,432
30 Nov 2024
$8,224
$16,832
$21,249
31 Dec 2024
$7,840
$16,514
$20,432
31 Jan 2025
$8,060
$16,801
$21,178
Created with Highcharts 9.3.326 Jul 201230 Sep 201231 Dec 201231 Mar 201330 Jun 201330 Sep 201331 Dec 201331 Mar 201430 Jun 201430 Sep 201431 Dec 201431 Mar 201530 Jun 201530 Sep 201531 Dec 201531 Mar 201630 Jun 201630 Sep 201631 Dec 201631 Mar 201730 Jun 201730 Sep 201731 Dec 201731 Mar 201830 Jun 201830 Sep 201831 Dec 201831 Mar 201930 Jun 201930 Sep 201931 Dec 201931 Mar 202030 Jun 202030 Sep 202031 Dec 202031 Mar 202130 Jun 202130 Sep 202131 Dec 202131 Mar 202230 Jun 202230 Sep 202231 Dec 202231 Mar 202330 Jun 202330 Sep 202331 Dec 202331 Mar 202430 Jun 202430 Sep 202431 Dec 2024$5000$10000$15000$20000$25000
ORIGINAL INVESTMENT VALUE
ORIGINAL INVESTMENT & CUMULATIVE DISTRIBUTIONS
ORIGINAL INVESTMENT WITH ALL DISTRIBUTIONS REINVESTED

The table illustrates the performance of a hypothetical $10,000 investment made on the date indicated. Original Investment & Cumulative Distributions is the original investment value added to the cash flow received from distributions. The total returns are not adjusted to reflect the effects of taxation and assume reinvestment of dividends and capital gains.

Calendar year returns

Inception date: --
Share price and NAV : --

Average annual total returns

As of: --

Performance data shown represents past performance and does not predict or guarantee future results. Current performance may be higher or lower than the data shown. NAV returns are net of fund expenses, and assume reinvestment of distributions.

Distributions

Key information regarding distributions

As of: 31 Jan 2025

Current distribution

$0.1660
As of: 03 Feb 2025

Distribution Frequency

Monthly

Market distribution rate

9.95%
As of: 21 Feb 2025

Avg. Earnings / Share

$0.1055

NAV distribution rate

9.97%
As of: 21 Feb 2025

Avg Earnings / Dist Ratio

63.53%

Avg. UNII Per Share

-$0.2754

Fund Effective Leverage

36.92%
As of: 31 Jan 2025

Annualized leverage cost, based on the latest month

5.64%

Total distributions per share

YTD (Declared) Inception to Date (Declared)
YTD (Declared) Inception to Date (Declared)
$0.3320
$22.0175
YTD (Declared) Inception to Date (Declared)
YTD (Declared) Inception to Date (Declared)
$0.3320
$22.0175

Distribution history

Payable Date Record Date Ex-Div Date Amount Distribution Type
Payable Date Record Date Ex-Div Date Amount Distribution Type
03 Mar 2025
14 Feb 2025
14 Feb 2025
$0.1660
Taxable
03 Feb 2025
15 Jan 2025
15 Jan 2025
$0.1660
Taxable
31 Dec 2024
13 Dec 2024
13 Dec 2024
$0.1660
Taxable
Payable Date Record Date Ex-Div Date Amount Distribution Type
Payable Date Record Date Ex-Div Date Amount Distribution Type
03 Mar 2025
14 Feb 2025
14 Feb 2025
$0.1660
Taxable
03 Feb 2025
15 Jan 2025
15 Jan 2025
$0.1660
Taxable
31 Dec 2024
13 Dec 2024
13 Dec 2024
$0.1660
Taxable

Distribution sources may include net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the Fund provides a notice of the best estimate of its distribution sources at that time which may be viewed at nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year's distributions) contained in shareholders' 1099-DIVforms after the end of the year. You should not draw any conclusions about a fund's past or future investment performance from its current distribution rate.

Distribution Rate at market price and NAV is calculated by annualizing the most recent declared regular distribution and dividing by the fund's market price or NAV, respectively. Special distributions, including special capital gains distributions, are not included in the calculation.

Characteristics

Fund characteristics

As of: 31 Jan 2025

Number of Holdings

219

Avg Leverage-Adjusted Effective Duration (years)

5.25

% Contingent Capital Securities (CoCos)

37.68%
  • Call exposure
  • Top 5 industries
  • Top countries
  • Credit quality
  • Coupon structure
  • Issue denomination

Call exposure

As of: 31 Jan 2025
Timeframe Percentage
Timeframe Percentage
Next 12 Months
21.2%
13-24 Months
12.7%
25-36 Months
7.4%
37-48 Months
14.5%
49-60 Months
17.4%
Timeframe Percentage
Timeframe Percentage
Next 12 Months
21.2%
13-24 Months
12.7%
25-36 Months
7.4%
37-48 Months
14.5%
49-60 Months
17.4%
Created with Highcharts 9.3.3Next 12 Months13-24 Months25-36 Months37-48 Months49-60 Months0%1%2%3%4%5%6%7%8%9%10%11%12%13%14%15%16%17%18%19%20%21%22%23%
Timeframe
Call exposure (%)

For the percentage of the portfolio in debt, preferred and other hybrid securities, including CoCos (if any). Percentages reflect the percentage of the Fund's investment exposure callable in the timeframe relative to the “as of” date shown. The "Next 12 months" figure (if shown) includes investments that are currently callable, as well as callable in the next 12 months. Securities subject to call may not be called.

Top 5 industries

As of: --

Top countries

As of: --

Based on bond holdings and reflects country of risk of the issuer. Holdings may vary and are subject to change.

Credit quality

As of: --

Ratings shown are the highest rating given by one of the following national rating agencies: S&P, Moody's, Fitch, DBRS or AM Best. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Holdings designated NR are not rated by these national rating agencies and, where applicable, include net derivative positions.

Coupon structure

As of: --

Fixed-to-Floating Rate Securities pay a fixed coupon for a set number of years, then convert to a variable coupon for the remaining life of the security that is based on a benchmark rate, such as the 3-month SOFR. Fixed-to-Fixed Rate Securities step from one fixed rate to another based on a schedule. Other includes income-producing securities that do not have a specified coupon structure. Examples would include, but are not limited to, shares of income-oriented ETFs or other closed-end funds.

Issue denomination

As of: --

Top 10 portfolio positions

As of: 31 Jan 2025
Name % Portfolio
Name % Portfolio
Barclays Plc
2.0%
Jpmorgan Chase & Co
1.9%
Hsbc Holdings Plc
1.7%
Natwest Group Plc
1.6%
Bnp Paribas Sa
1.4%
Citigroup Inc
1.4%
Ubs Group Ag
1.3%
Banco Santander Sa
1.3%
Aercap Holdings Nv
1.3%
Truist Financial Corp
1.2%
Name % Portfolio
Name % Portfolio
Barclays Plc
2.0%
Jpmorgan Chase & Co
1.9%
Hsbc Holdings Plc
1.7%
Natwest Group Plc
1.6%
Bnp Paribas Sa
1.4%
Citigroup Inc
1.4%
Ubs Group Ag
1.3%
Banco Santander Sa
1.3%
Aercap Holdings Nv
1.3%
Truist Financial Corp
1.2%
Holdings may vary and are subject to change without notice.

All characteristics as a percentage of the fund's total net assets. Holdings and ratings are subject to change. Totals may not add up to 100% due to rounding.

Important information on risk

Investment, Market, and Price Risk: Closed-end fund shares are subject to investment risk, including the possible loss of the entire principal amount that you invest. Common shares frequently trade at a discount to their NAV. At any point in time, your common shares may be worth less than you paid, even after considering the reinvestment of fund distributions.

Preferred Securities Risk: Preferred securities are subordinated to bonds and other debt instruments in a company’s capital structure, and therefore are subject to greater credit risk.

Interest Rate Risk: Fixed-income securities such as bonds, preferred, convertible and other debt securities will decline in value if market interest rates rise.

Credit Risk: Debt or preferred securities held by the fund may fail to make dividend or interest payments when due. Investments in securities below investment grade credit quality are predominantly speculative and subject to greater volatility and risk of default. Unrated securities are evaluated by fund managers using industry data and their own analysis processes that may be similar to that of a nationally recognized rating agency; however, such internal ratings are not equivalent to a national agency credit rating. Counterparty credit risk may arise if counterparties fail to meet their obligations, should the fund hold any derivative instruments for either investment exposure or hedging purposes.

Leverage Risk: The fund’s use of leverage may cause higher volatility for the fund’s per share NAV, market price, and distributions. Leverage typically magnifies the total return of the fund’s portfolio, whether that return is positive or negative. Leverage is intended to increase common share net income, but there is no assurance that the fund’s leveraging strategy will be successful. Different forms of leverage, including swaps, may introduce additional credit or interest rate risk. Leverage may also increase a fund’s liquidity risk, as the fund may need to sell securities at inopportune times to stay within fund or regulatory limits.

Contingent Capital Security Risk: Certain types of preferred, hybrid or debt securities with special loss absorption provisions, such as contingent capital securities (CoCos), may be or become so subordinated that they present risks equivalent to, or in some cases even greater than, the same company’s common stock. These loss absorption provisions work to the benefit of the security issuer, not the investor (this fund).

Concentration Risk: The fund’s investments are concentrated in issuers of one or a few specific economic sectors, so the fund may be subject to more risks than if it were broadly diversified across the economy.

Foreign Investment Risk: Investments in non-U.S. securities involve special risks not typically associated with domestic investments including currency risk, if not hedged - the risk that changes in exchange rates will affect the value of the fund’s investments, as well as adverse political, social and economic developments. These risks often are magnified in emerging markets.

Call Risk or Prepayment Risk: Issuers may exercise their option to prepay principal earlier than scheduled, forcing the fund to reinvest in lower-yielding securities.

Illiquid Securities Risk: The fund may not be able to sell securities in its portfolio at the time or price the fund desires.

Tax Risk: The tax treatment of fund distributions may be affected by future changes in tax laws and regulations or their interpretation by the Internal Revenue Service or state tax authorities.

Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Closed-end funds frequently trade at a discount to their net asset value (NAV).

An investment in this fund presents a number of risks and is not suitable for all investors. Investors should carefully review and consider potential risks before investing.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Performance data shown represents past performance and does not predict or guarantee future results. Current performance may be higher or lower than the data shown. NAV returns are net of fund expenses, and assume reinvestment of distributions.

Nuveen Asset Management, LLC is the subadviser to the Fund and an affiliate of Nuveen, LLC.

Nuveen Securities, LLC, member FINRA and SIPC.

E-3780861C-E0824W

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Distribution history since inception