Nuveen Mortgage and Income Fund

Frequently Asked Questions About JLS

What does JLS invest in?

The Nuveen Mortgage and Income Fund functions as a closed-end mutual fund concentrating on fixed-income assets, originally founded by Nuveen Investments, Inc. Its oversight is a collaborative effort between Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. The fund directs its investments towards the United States' fixed income markets, primarily targeting undervalued mortgage-backed securities (MBS). These include, but are not limited to, non-agency residential and commercial MBS, with the goal of achieving strong total returns. It also strategically seeks out securities classified as below investment grade. To build its portfolio, the fund utilizes a fundamental, bottom-up analytical approach. This rigorous process assesses the credit performance of the underlying mortgage loan portfolios, the structural characteristics of the MBS (such as payment priority, credit enhancement, and default patterns of the underlying loans), and the financial strength of the mortgage loan servicers. Its performance is benchmarked against the Barclays Capital U.S. Aggregate Bond Index. Formerly recognized as the Nuveen Mortgage Opportunity Term Fund, this fund was established on September 10, 2009, and maintains its domicile in the United States.

What is the expense ratio of JLS?

Nuveen Mortgage and Income Fund (JLS) charges an expense ratio of 3.07%. This is the annual fee deducted from fund assets to cover management and operations.

What is JLS's dividend yield?

JLS's trailing-twelve-month yield is 10.62%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of JLS?

Effective duration measures JLS's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. JLS's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of JLS?

JLS's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of JLS?

Yield to maturity (YTM) is the total return you'd earn from JLS if every bond in the portfolio is held to maturity at the current price. JLS's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.