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Nuveen Pref & Income Securities:JPS
As of 12/6/2019
| Current | $10.15 | $10.14 | 0.10% |
| 52 Wk Avg | $9.34 | $9.62 | -3.00% |
| 52 Wk High | $10.30 | $10.14 | 2.28% |
| 52 Wk Low | $7.32 | $8.86 | -16.55% |
| Regular Distribution Type† | Income Only |
| Distribution Rate | 6.62% |
| Distribution Amount | $0.0560 |
| Distribution Frequency | Monthly |
Past performance is no guarantee of future results.
Investment Objective
The primary objective is high current income consistent with capital preservation. The secondary objective is to enhance portfolio value relative to the market. At least 80% of its Managed Assets in preferred and other income producing securities, including hybrid securities such as contingent capital securities. 100% of its total assets are invested in investment grade bonds, which may include up to 10% of securities that are rated investment grade by at least one nationally (U.S) recognized statistical rating organization and lower by another. It intends to invest primarily in fully taxable preferred securities.
Capital Structure
As of 12/6/2019
| Total Investment Exposure: | $3,179.628M |
| Total Common Assets: | $2,066.328M |
| Common Shares Outstanding: | 203,779,868 |
Leverage
As of 2/28/2019
|
Preferred Share Assets:
| |
|
Total Debt (USD):
| $1,113.300M |
|
Regulatory Leverage (USD):
| $853.300M |
|
Effective Leverage (USD):
| $1,113.300M |
|
Effective Leverage (%):
| 35.01% |
Annual Expense Ratios
As of 7/31/2019
| |
| Management Fees | 1.24% |
| Other Expenses: | 0.05% |
| Baseline Expense: |
N/A
|
| Interest Expense: | 1.73% |
| Total: |
3.02%
|
Fund Management
Fund Sponsor
Nuveen
Portfolio Managers
Mark A. Lieb, L. Phillip Jacoby
Basics
| Category: |
Fixed Income - Taxable-Preferreds |
| Ticker: |
JPS |
| NAV Ticker: |
XJPSX |
| Average Daily Volume (shares): |
328,815 |
| Average Daily Volume (USD): |
M |
| 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 12/6/2019
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 7/31/2019 |
$0.3248
|
Annualized Distribution Rate on NAV:
As of 12/6/2019 | 6.63% |
Total Return on NAV (12 months):
As of 12/6/2019 | 18.80% |
Avg. Portfolio Coupon:
As of 12/6/2019 |
7.04%
|
Total % Portfolio Effectively Leveraged:
As of 12/6/2019
| 35.01% |
For the latest UNII information on this fund, please visit the Nuveen fund page.
Premium/Discount Information
Past performance is no guarantee of future results.
Premium/Discount Information
As of 12/7/2019
| 6 Month | -0.81% |
| 1 Year | -3.00% |
| 3 Year | -3.82% |
| 5 Year | -4.40% |
Z-Score
As of 12/6/2019
| 3 Month | 0.20 |
| 6 Month | 0.75 |
| 1 Year | 0.98 |
Pricing History
| Date |
Share Price |
NAV |
Premium / Discount |
Portfolio Characteristics
Average Coupon:
As of 12/6/2019 | 7.04% |
Number of Holdings:
As of 10/31/2019 | 206 |
Annual Portfolio Turnover:
As of 7/31/2019 | 16.00% |
Average Bond Price:
As of 10/31/2019 | $112.47 |
Asset Allocation
As of 10/31/2019 reported by Fund Sponsor
Top Sectors
As of 10/31/2019 reported by Fund Sponsor
| Corporate (Super Sector) | 92.57% |
| Corporate Bond | 45.73% |
| Convertible | 33.26% |
| Preferred Stock | 13.58% |
| Financial Services | 0.93% |
| Cyclical (Super Sector) | 0.93% |
| Securitized (Super Sector) | 0.03% |
| Asset Backed | 0.03% |
| Defensive (Super Sector) | 0.02% |
| Utilities | 0.02% |
Call Exposure
As of 9/30/2019 reported by Fund Sponsor
State Allocation
As of 10/31/2019 reported by Fund Sponsor
| New York | 0.00% |
| Illinois | 0.00% |
Top Holdings
As of 10/31/2019 reported by Fund Sponsor
| Net Other Assets | $278.70M | 8.83% |
| Societe Generale S.A. 8% | $83.75M | 2.65% |
| Lloyds Banking Group plc 7.5% | $80.40M | 2.55% |
| Royal Bank of Scotland Group plc 7.5% | $74.25M | 2.35% |
| HSBC Holdings plc 6.88% | $69.40M | 2.20% |
| Barclays PLC 7.75% | $67.41M | 2.13% |
| Credit Suisse AG 7.5% | $64.30M | 2.04% |
| BNP Paribas 7.62% | $61.69M | 1.95% |
| Centaur Funding Corporation 9.08% | $61.09M | 1.93% |
| JPMorgan Chase & Co Deposit Shs Repr 1/10th Non-Cum Perp Pfd Shs Series -S- | $60.48M | 1.92% |
Credit Quality
As of 10/31/2019 reported by Fund Sponsor
Maturity Breakdown
As of 10/31/2019 reported by Fund Sponsor
Country Allocation
As of 10/31/2019 reported by Fund Sponsor
| United States - Fixed Income | 26.36% |
| Finland - Fixed Income | 2.72% |
| United Kingdom - Fixed Income | 2.30% |
| France - Fixed Income | 2.13% |
| Switzerland - Fixed Income | 1.00% |
| United Kingdom - Equity | 0.93% |
| Sweden - Fixed Income | 0.83% |
| Australia - Fixed Income | 0.79% |
| Japan - Fixed Income | 0.77% |
| Ireland - Fixed Income | 0.52% |
| Canada - Fixed Income | 0.51% |
| Netherlands - Fixed Income | 0.14% |
| Italy - Fixed Income | 0.07% |
| United States - Equity | 0.03% |
| Others - Fixed Income | 0.01% |
| Mexico - Fixed Income | 0.01% |
| Brazil - Fixed Income | 0.00% |
| Spain - Fixed Income | 0.00% |
| South Africa - Fixed Income | 0.00% |
| Colombia - Fixed Income | 0.00% |
| Indonesia - Fixed Income | 0.00% |
| China - Fixed Income | 0.00% |
| Turkey - Fixed Income | 0.00% |
| Norway - Fixed Income | 0.00% |
| Belgium - Fixed Income | 0.00% |
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.
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.
Important information:
This site does not list all of the risks associated with each fund. Investors should contact a fund's sponsor for fund-specific risk information and/or contact a financial advisor before investing.
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 Fund sponsor's website.
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