Nuveen Preferred & Income Term Fund:JPI

    Manage Alerts

    Overview

    As of 6/11/2021. NAV as of 6/10/2021.

     Share
    Price
    NAVPremium/
    Discount
    Current$25.66$25.261.50%
    52 Wk Avg$23.58$23.82-0.98%
    52 Wk High$25.82$25.286.58%
    52 Wk Low$20.20$21.42-5.71%
    Regular Distribution TypeIncome Only
    Distribution Rate6.10%
    Distribution Amount$0.1305
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    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. The Fund uses leverage and has a 12-year term and intends to liquidate and distribute its then-current net assets to shareholders on or before 31 Aug 2024.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$851.108M
    Total Common Assets:$575.408M
    Common Shares Outstanding:22,761,391
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $275.700M
    Regulatory Leverage (USD): $223.700M
    Effective Leverage (USD): $275.700M
    Effective Leverage (%): 32.39%
    Annual Expense Ratios

    As of 7/31/2020

      Per Common Share
    Management Fees1.26%
    Other Expenses:0.07%
    Baseline Expense: N/A
    Interest Expense:1.01%
    Total: 2.34%
    Fund Management

    Fund Sponsor
    Nuveen Fund Advisors, LLC.

    Portfolio Managers
    Douglas M. Baker, Brenda A. Langenfeld

    Basics
    Category: Fixed Income - Taxable-Preferreds
    Ticker: JPI
    NAV Ticker: XJPIX
    Average Daily Volume (shares): 55,082
    Average Daily Volume (USD): $1.282M
    Inception Date: 7/27/2012
    Inception Share Price: $25.00
    Inception NAV: $23.83
    Tender Offer: No
    Term: Yes
    Fiscal Year End: July 31
    Third Party Links & Reports

    Distributions

    As of 6/11/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 1/31/2021
    $0.8224
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    6.19%
    Total Return on NAV (12 months):
    As of 6/11/2021
    25.84%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    6.41%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    32.39%

    For the latest UNII information on this fund, please visit the Nuveen fund page.

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-0.28%
    1 Year-0.98%
    3 Year-2.79%
    5 Year-2.95%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month0.45
    6 Month1.03
    1 Year1.10
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Preferreds

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD6.46%5.06%5.67%4.84%
    20202.40%2.04%4.66%3.39%
    201936.77%24.04%34.61%24.84%
    2018-12.28%-8.58%-10.75%-7.07%
    201715.92%15.48%15.74%14.49%
    20169.37%7.02%12.97%6.81%
    201511.98%6.62%7.23%5.58%
    201410.66%12.21%18.73%17.64%
    20130.07%6.70%-4.38%2.61%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2021
    Category: Morningstar US CEF Preferreds

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/10/2021
    6.41%
    Number of Holdings:
    As of 4/30/2021
    192
    Annual Portfolio Turnover:
    As of 7/31/2020
    34.00%
    Average Bond Price:
    As of 4/30/2021
    $109.70
    Asset Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 4/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)99.83%
    Corporate Bond48.25%
    Convertible29.00%
    Preferred Stock22.58%
    Cash Equivalents0.41%
    Cash Equivalents (Super Sector)0.41%
    Government Related-0.25%
    Government (Super Sector)-0.25%
    Call Exposure

    As of 4/30/2021 reported by Fund Sponsor

    Top Holdings

    As of 4/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    HSBC Holdings plc 6.38%$15.89M1.87%
    CoBank ACB Perp Pfd Shs Series -F- Restricted$14.34M1.69%
    Compeer Financial, ACA 6.75%$13.59M1.60%
    Land O'Lakes Inc. 8%$13.32M1.57%
    Assured Guaranty Municipal Holdings Inc 6.4%$13.10M1.54%
    UBS Group Funding (Switzerland) AG 7%$13.08M1.54%
    Truist Financial Corporation 4.8%$12.77M1.50%
    Lloyds Banking Group plc 7.5%$12.25M1.44%
    HSBC Holdings plc 6%$12.24M1.44%
    Farm Credit Bank of Texas 6.75%$12.07M1.42%
    Credit Quality

    As of 4/30/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 4/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income34.73%
    Switzerland - Fixed Income4.24%
    Netherlands - Fixed Income1.52%
    Germany - Fixed Income1.42%
    Italy - Fixed Income0.96%
    United Kingdom - Fixed Income0.89%
    France - Fixed Income0.63%
    Sweden - Fixed Income0.51%
    Chile - Fixed Income0.47%
    Mexico - Fixed Income0.38%
    Canada - Fixed Income0.19%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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