The Fund seeks primarily to offer high current income consistent with capital preservation. The Fund invests at least 80% of its managed assets in preferred and other income-producing securities, including hybrid securities such as contingent capital securities. The Fund uses leverage.

Is JPS a good investment?

JPS boasts a 6.21% yield and a great deal of share price stability, which should be appealing for more conservative investors. The fund shows its very low turnover as it continues to be invested in the world’s biggest firms, but is also more diversified than the overall preferred stock index.

Is JPS a closed end fund?

JPS: A High-Yield (Yet Pricey) Closed-End Fund.

What is a preferred security?

Preferred securities, also known as “preferreds” or “hybrids,” share the characteristics of both stocks and bonds, and may offer investors higher yields than common stock or corporate bonds. Understanding preferreds is an important first step in determining if they are an appropriate investment.

What kind of securities are in JPS Nuveen preferred fund?

The Fund invests at least 80% of its managed assets in preferred and other income-producing securities, including hybrid securities such as contingent capital securities. At least 50% is invested in securities that are rated investment grade. The Fund uses leverage.

Is the Nuveen quality Municipal Income Fund rated?

Moody’s Investors Service, (“Moody’s”) has affirmed the ratings of Nuveen Quality Municipal Income Fund (NAD) following the reorganization of Nuveen Texas Quality Municipal Income Fund (NTX) into NAD.

What are the characteristics of a Nuveen bond fund?

Debt characteristics (duration, maturity, bond price) are relative to the percentage of the portfolio invested in debt securities. Effective duration can be measured differently by different analytics tools used by Nuveen or the fund sub-adviser.

What causes negative sector weighting in Nuveen preferred securities?

Negative sector weightings may result from the use of derivatives and from unsettled trade positions. Positions are subject to change. 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.