Nuveen Pref & Income Securities:JPS

    Manage Alerts


    As of 9/29/2023

    52 Wk Avg$6.64$7.50-11.46%
    52 Wk High$7.71$8.31-6.61%
    52 Wk Low$5.85$6.60-16.44%
    Regular Distribution TypeIncome Only
    Distribution Rate7.39%
    Distribution Amount$0.0380
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s primary investment objective is high current income consistent with capital preservation. The Fund’s secondary investment objective is to enhance portfolio value relative to the market for preferred securities by investing in (i) securities that the Fund’s sub-adviser believes are underrated or undervalued or (ii) sectors that the Fund’s Sub-Adviser believes are undervalued.The Fund will invest at least 80% of its Assets in preferred securities and other income producing securities, including hybrid securities such as contingent capital securities.

    Capital Structure

    As of 9/29/2023

    Total Investment Exposure:$2,337.704M
    Total Common Assets:$1,491.404M
    Common Shares Outstanding:205,710,932

    As of 9/29/2023

    Preferred Share Assets:
    Total Debt (USD): $846.300M
    Regulatory Leverage (USD): $571.300M
    Effective Leverage (USD): $846.300M
    Effective Leverage (%): 36.20%
    Annual Expense Ratios

    As of 7/31/2023

      Per Common Share
    Management Fees1.26%
    Other Expenses:0.07%
    Baseline Expense: N/A
    Interest Expense:0.72%
    Total: 2.06%
    Fund Management

    Fund Sponsor
    Nuveen Fund Advisors, LLC.

    Portfolio Managers
    L. Phillip Jacoby, Mark Lieb

    Category: Fixed Income - Taxable-Preferreds
    Ticker: JPS
    NAV Ticker: XJPSX
    Average Daily Volume (shares): 610,378
    Average Daily Volume (USD): $4.033M
    Inception Date: 9/24/2002
    Inception Share Price: $15.00
    Inception NAV: $14.30
    Tender Offer: No
    Term: No
    Fiscal Year End: July 31
    Third Party Links & Reports


    As of 9/29/2023

    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 1/31/2023
    Annualized Distribution Rate on NAV:
    As of 9/29/2023
    Total Return on NAV (12 months):
    As of 9/29/2023
    Avg. Portfolio Coupon:
    As of 9/29/2023
    Total % Portfolio Effectively Leveraged:
    As of 9/29/2023

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

    Pricing Information

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

    As of 10/2/2023

    PeriodAvg Discount
    6 Month-12.80%
    1 Year-11.46%
    3 Year-6.08%
    5 Year-5.19%

    As of 9/29/2023

    3 Month-1.17
    6 Month-1.69
    1 Year-1.73
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 9/30/2023
    Category: Morningstar US CEF Preferreds

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    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 9/30/2023
    Category: Morningstar US CEF Preferreds

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 9/29/2023
    Number of Holdings:
    As of 8/31/2023
    Annual Portfolio Turnover:
    As of 7/31/2023
    Average Bond Price:
    As of 8/31/2023
    Asset Allocation

    As of 8/31/2023

    Top Sectors

    As of 8/31/2023

    Corporate (Super Sector)96.47%
    Corporate Bond86.32%
    Preferred Stock10.13%
    Financial Services0.97%
    Cyclical (Super Sector)0.97%
    Securitized (Super Sector)0.07%
    Government (Super Sector)0.06%
    Government Related0.05%
    Asset Backed0.05%
    Defensive (Super Sector)0.03%
    Call Exposure

    As of 8/31/2023

    State Allocation

    As of 8/31/2023

    State% Portfolio
    New York0.00%
    Top Holdings

    As of 8/31/2023

    HoldingValue% Portfolio
    Bank of America Corporation 6.13%$43.78M1.85%
    MetLife Inc. 9.25%$42.28M1.78%
    Wells Fargo & Company 3.9%$42.24M1.78%
    Nationwide Financial Services, Inc. 6.75%$39.96M1.69%
    Dominion Energy Inc 4.65%$38.71M1.63%
    HSBC Capital Funding Dollar I L.P. 10.18%$36.83M1.55%
    Duke Energy Corp 4.88%$34.26M1.44%
    JPMorgan Chase & Co DR$33.99M1.43%
    Nordea Bank ABP 6.13%$33.58M1.42%
    Truist Financial Corporation 4.95%$33.36M1.41%
    Credit Quality

    As of 8/31/2023

    Maturity Breakdown

    As of 8/31/2023

    Country Allocation

    As of 8/31/2023

    Country% Portfolio
    United States - Fixed Income11.51%
    France - Fixed Income9.81%
    United Kingdom - Fixed Income9.38%
    Switzerland - Fixed Income5.97%
    Canada - Fixed Income3.35%
    Finland - Fixed Income3.24%
    Spain - Fixed Income1.73%
    Netherlands - Fixed Income1.44%
    Australia - Fixed Income1.37%
    Norway - Fixed Income1.33%
    Japan - Fixed Income1.27%
    Denmark - Fixed Income1.08%
    Italy - Fixed Income1.01%
    United Kingdom - Equity0.97%
    Germany - Fixed Income0.75%
    Sweden - Fixed Income0.66%
    Others - Fixed Income0.02%
    United States - Equity0.02%
    Canada - Equity0.00%
    Belgium - Fixed Income0.00%
    China - Fixed Income0.00%
    Mexico - Fixed Income0.00%
    Indonesia - Fixed Income0.00%
    Ireland - Fixed Income0.00%
    India - Fixed Income0.00%
    Brazil - Fixed Income0.00%
    Hong Kong - Fixed Income0.00%
    South Korea - Fixed Income0.00%
    Colombia - Fixed Income0.00%
    Israel - Fixed Income0.00%
    Thailand - Fixed Income0.00%
    Philippines - Fixed Income0.00%
    Turkey - Fixed Income0.00%
    Singapore - Fixed Income0.00%
    Vietnam - Fixed Income0.00%
    Pakistan - Fixed Income0.00%
    Malaysia - Fixed Income0.00%
    Poland - Fixed Income0.00%
    Taiwan - Fixed Income0.00%
    New Zealand - Fixed Income0.00%

    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.


    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.