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Nuveen Pref & Income Securities:JPS

    Manage Alerts


    As of 12/6/2019

    52 Wk Avg$9.34$9.62-3.00%
    52 Wk High$10.30$10.142.28%
    52 Wk Low$7.32$8.86-16.55%
    Regular Distribution TypeIncome Only
    Distribution Rate6.62%
    Distribution Amount$0.0560
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    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

    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

      Per Common Share
    Management Fees1.24%
    Other Expenses:0.05%
    Baseline Expense: N/A
    Interest Expense:1.73%
    Total: 3.02%
    Fund Management

    Fund Sponsor

    Portfolio Managers
    Mark A. Lieb, L. Phillip Jacoby

    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
    Annualized Distribution Rate on NAV:
    As of 12/6/2019
    Total Return on NAV (12 months):
    As of 12/6/2019
    Avg. Portfolio Coupon:
    As of 12/6/2019
    Total % Portfolio Effectively Leveraged:
    As of 12/6/2019

    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 12/7/2019

    PeriodAvg Discount
    6 Month-0.81%
    1 Year-3.00%
    3 Year-3.82%
    5 Year-4.40%

    As of 12/6/2019

    3 Month0.20
    6 Month0.75
    1 Year0.98
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 12/6/2019
    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 12/6/2019
    Category: Morningstar US CEF Preferreds

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 12/6/2019
    Number of Holdings:
    As of 10/31/2019
    Annual Portfolio Turnover:
    As of 7/31/2019
    Average Bond Price:
    As of 10/31/2019
    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 Bond45.73%
    Preferred Stock13.58%
    Financial Services0.93%
    Cyclical (Super Sector)0.93%
    Securitized (Super Sector)0.03%
    Asset Backed0.03%
    Defensive (Super Sector)0.02%
    Call Exposure

    As of 9/30/2019 reported by Fund Sponsor

    State Allocation

    As of 10/31/2019 reported by Fund Sponsor

    State% Portfolio
    New York0.00%
    Top Holdings

    As of 10/31/2019 reported by Fund Sponsor

    HoldingValue% Portfolio
    Net Other Assets$278.70M8.83%
    Societe Generale S.A. 8%$83.75M2.65%
    Lloyds Banking Group plc 7.5%$80.40M2.55%
    Royal Bank of Scotland Group plc 7.5%$74.25M2.35%
    HSBC Holdings plc 6.88%$69.40M2.20%
    Barclays PLC 7.75%$67.41M2.13%
    Credit Suisse AG 7.5%$64.30M2.04%
    BNP Paribas 7.62%$61.69M1.95%
    Centaur Funding Corporation 9.08%$61.09M1.93%
    JPMorgan Chase & Co Deposit Shs Repr 1/10th Non-Cum Perp Pfd Shs Series -S-$60.48M1.92%
    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

    Country% Portfolio
    United States - Fixed Income26.36%
    Finland - Fixed Income2.72%
    United Kingdom - Fixed Income2.30%
    France - Fixed Income2.13%
    Switzerland - Fixed Income1.00%
    United Kingdom - Equity0.93%
    Sweden - Fixed Income0.83%
    Australia - Fixed Income0.79%
    Japan - Fixed Income0.77%
    Ireland - Fixed Income0.52%
    Canada - Fixed Income0.51%
    Netherlands - Fixed Income0.14%
    Italy - Fixed Income0.07%
    United States - Equity0.03%
    Others - Fixed Income0.01%
    Mexico - Fixed Income0.01%
    Brazil - Fixed Income0.00%
    Spain - Fixed Income0.00%
    South Africa - Fixed Income0.00%
    Colombia - Fixed Income0.00%
    Indonesia - Fixed Income0.00%
    China - Fixed Income0.00%
    Turkey - Fixed Income0.00%
    Norway - Fixed Income0.00%
    Belgium - 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.