Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
2.06% -12.93% 2.495B 760494.1
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
8.07% 71.00% -- Upgrade

Basic Info

Investment Strategy
The Fund’s primary investment objective is high current income. The Fund’s secondary investment objective is total return. The fund seeks to achieve it's objective by investing primarily in preferred securities and other income producing securities.
General
Security Type Closed-End Fund
Equity Style Large Cap/Value
Fixed Income Style Medium Quality/Moderate Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Preferred Stock
Category Index ICE BofA Fxd Rate Pref TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Income
Fund Owner Firm Name Nuveen Fund Advisors, LLC.
Prospectus Benchmark Index
ICE BofA Contingent Captl TR USD 40.00%
ICE BofA US All Captl TR USD 60.00%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Brenda Langenfeld 12.01 yrs
Douglas Baker 12.01 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of April 15, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
13.38%
-12.68%
35.25%
-1.97%
9.75%
-19.15%
0.72%
3.35%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
-3.11%
18.04%
-12.28%
30.09%
4.15%
6.33%
-24.73%
-2.54%
--
17.00%
-14.13%
38.66%
14.21%
2.81%
-25.08%
-0.82%
1.77%
16.64%
-11.88%
38.77%
16.02%
-0.83%
-25.16%
-0.24%
1.23%
15.97%
-11.98%
27.51%
10.31%
7.98%
-25.45%
5.96%
4.51%
As of April 15, 2024.

Asset Allocation

As of February 29, 2024.
Type % Net % Long % Short
Cash 0.05% Upgrade Upgrade
Stock 0.61% Upgrade Upgrade
Bond 47.32% Upgrade Upgrade
Convertible 2.53% Upgrade Upgrade
Preferred 49.36% Upgrade Upgrade
Other 0.13% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund’s primary investment objective is high current income. The Fund’s secondary investment objective is total return. The fund seeks to achieve it's objective by investing primarily in preferred securities and other income producing securities.
General
Security Type Closed-End Fund
Equity Style Large Cap/Value
Fixed Income Style Medium Quality/Moderate Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Preferred Stock
Category Index ICE BofA Fxd Rate Pref TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Income
Fund Owner Firm Name Nuveen Fund Advisors, LLC.
Prospectus Benchmark Index
ICE BofA Contingent Captl TR USD 40.00%
ICE BofA US All Captl TR USD 60.00%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Brenda Langenfeld 12.01 yrs
Douglas Baker 12.01 yrs

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