# Nuveen Preferred Securities Income Fund (JPS): Mutual Fund Facts & Distributions

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- Issuer: Nuveen · Asset class: Equity
- Strategy: Thematic · Inception: 2002-09-24

The Nuveen Preferred Securities Income Fund functions as a closed-end mutual fund, focusing exclusively on fixed income investments. It was established by Nuveen Investments, Inc., and its management responsibilities are shared between Nuveen Fund Advisors LLC and Spectrum Asset Management, Inc. The fund allocates its capital within the fixed income markets of the United States. Its primary investment strategy targets high-quality preferred debt securities, convertible debt instruments, and convertible preferred securities. These holdings must maintain a minimum credit rating of BBB/Baa or...

## Key Facts

| Metric | Value |
|---|---|
| Price | $6.21 |
| Expense Ratio | 4.58% |
| Assets Under Management | $1.28B |
| NAV | — |
| Holdings Count | — |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | Monthly |
| 52-Week Range | $5.80 – $7.71 |
| Beta | 0.86 |

## Latest Distribution

- Amount: $0.0359 /share
- Ex-date: 2023-11-02
- Pay date: 2023-12-01

## Frequently Asked Questions

### What does JPS invest in?

The Nuveen Preferred Securities Income Fund functions as a closed-end mutual fund, focusing exclusively on fixed income investments. It was established by Nuveen Investments, Inc., and its management responsibilities are shared between Nuveen Fund Advisors LLC and Spectrum Asset Management, Inc. The fund allocates its capital within the fixed income markets of the United States. Its primary investment strategy targets high-quality preferred debt securities, convertible debt instruments, and convertible preferred securities. These holdings must maintain a minimum credit rating of BBB/Baa or higher from recognized agencies such as S&P, Moody's, or Fitch. Originally known as Nuveen Quality Preferred Income Fund 2, this entity was inaugurated on June 24, 2002, and is based in the United States.

### What is the expense ratio of JPS?

Nuveen Preferred Securities Income Fund (JPS) charges an expense ratio of 4.58%. This is the annual fee deducted from fund assets to cover management and operations.

### How big is JPS?

Nuveen Preferred Securities Income Fund (JPS) manages $1.28B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

### Is JPS actively managed or an index fund?

JPS's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

### When was JPS launched?

Nuveen Preferred Securities Income Fund (JPS) launched in September 2002 and is managed by Nuveen.

### How has JPS performed?

JPS's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.

### Does JPS pay a dividend?

Nuveen Preferred Securities Income Fund (JPS) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does JPS pay dividends?

Nuveen Preferred Securities Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is JPS's dividend yield?

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

### When is JPS's next ex-dividend date?

The most recently announced ex-dividend date for JPS was 2023-11-02. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page.

### How much will JPS's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 4.58% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does JPS charge its expense ratio?

The expense ratio is deducted in tiny daily slices from JPS's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does JPS cost more than a fund like VOO?

JPS's strategy (current expense ratio 4.58%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where JPS sits within its own category, which is the comparison that actually matters.

### Are there cheaper alternatives to JPS?

The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as JPS (4.58%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/jps
- Distribution history: https://www.dividenddata.com/funds/jps/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/jps/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/jps/expenses
- Peer comparison: https://www.dividenddata.com/funds/jps/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.