Nuveen Preferred & Income Opportunities Fund

Frequently Asked Questions About JPC

What does JPC invest in?

The Nuveen Preferred & Income Opportunities Fund (JPC) functions as a closed-ended, balanced investment vehicle, initially launched by Nuveen Investments Inc. Its oversight is a joint effort between Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. This fund directs its investments towards public equity and fixed income opportunities within the United States, seeking exposure across a variety of industry sectors. A core component of its investment approach involves preferred shares, common stocks that distribute dividends, and corporate or taxable municipal debt. These debt instruments must carry a credit rating of at least BBB/Baa from agencies such as S&P, Moody's, or Fitch. The fund constructs its holdings by employing fundamental analysis coupled with a top-down security selection methodology. For performance benchmarking, JPC measures itself against the BofA/Merrill Lynch Preferred Stock Fixed Rate Index, as well as a customized JPC Blended Index. This blended index is comprised of 82.5% of the BofA/Merrill Lynch Preferred Stock Fixed Rate Index and 17.5% of the Barclays Capital Securities Index. Established on March 26, 2003, and based in the United States, the fund was formerly recognized as the Nuveen Preferred Income Opportunities Fund.

What is the expense ratio of JPC?

Nuveen Preferred & Income Opportunities Fund (JPC) charges an expense ratio of 4.67%. This is the annual fee deducted from fund assets to cover management and operations.

What is JPC's dividend yield?

JPC's trailing-twelve-month yield is 9.94%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of JPC?

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

What is the credit quality of JPC?

JPC'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 JPC?

Yield to maturity (YTM) is the total return you'd earn from JPC if every bond in the portfolio is held to maturity at the current price. JPC'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.