Nuveen Preferred Securities and Income Managed Accounts Portfolio
Name
As of 12/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$10.35
$18.1 M
6.81%
$0.71
0.84%
Vitals
YTD Return
10.3%
1 yr return
11.4%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$18.1 M
Holdings in Top 10
38.8%
52 WEEK LOW AND HIGH
$10.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.84%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$10.35
$18.1 M
6.81%
$0.71
0.84%
NISPX - Profile
Distributions
- YTD Total Return 10.3%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 6.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameNuveen Preferred Securities and Income Managed Accounts Portfolio
-
Fund Family NameNuveen Funds
-
Inception DateNov 01, 2022
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
Under normal circumstances, the Portfolio invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in preferred securities or other income producing securities. The Portfolio may invest in all types of preferred securities, including both perpetual preferred securities and hybrid securities. Perpetual preferred securities are generally equity securities of the issuer that have priority over the issuer’s common shares as to the payment of dividends (i.e., the issuer cannot pay dividends on its common shares until the dividends on the preferred shares are current) and as to the payout of proceeds of a bankruptcy or other liquidation, but are subordinate to an issuer’s senior debt and junior debt as to both types of payments. Additionally, in a bankruptcy or other liquidation, perpetual preferred securities are generally subordinate to an issuer’s trade creditors and other general obligations. Perpetual preferred securities typically have a fixed liquidation (or “par”) value.
The term “preferred securities” also includes hybrid securities and other types of preferred securities that do not have the features described above. Preferred securities that are hybrid securities often behave similarly to investments in perpetual preferred securities and are regarded by market investors as being part of the preferred securities market. Such hybrid securities possess varying combinations of features of both debt and perpetual preferred securities and as such they may constitute senior debt, junior debt or preferred shares in an issuer’s capital structure.
The term “preferred securities” also includes certain forms of debt that are regarded by the investment marketplace to be part of the broader preferred securities market. Among these preferred securities are certain exchange-listed debt issues that historically have several attributes, including trading and investment performance characteristics, in common with exchange-listed perpetual preferred securities and hybrid securities. Generally, these types of preferred securities are senior debt in the capital structure of an issuer.
The Portfolio may also invest in income producing securities that are not preferred securities. These include contingent capital securities (sometimes referred to as “CoCos”), which are hybrid securities, issued primarily by non-U.S. financial institutions, that have loss absorption mechanisms benefitting the issuer built into their terms. These loss absorption mechanisms may include automatic conversion into the issuer’s common stock or an automatic write down of the security’s principal amount upon the occurrence of a specified trigger or event. In addition, although the Portfolio will invest primarily in preferred securities and CoCos, it may invest up to 20% of its assets, in the aggregate, in corporate debt securities, U.S. government securities (including securities issued or guaranteed by U.S. government agencies and instrumentalities) and taxable municipal securities.
The Portfolio may also invest in preferred securities or CoCos that are convertible into common stock.
The Portfolio may invest up to 50% of its assets in securities rated lower than investment grade or unrated securities of comparable quality as determined by the Portfolio’s sub-adviser (securities commonly referred to as “high-yield” securities or “junk” bonds). The Portfolio may also invest in U.S. dollar-denominated securities issued by non-U.S. companies.
The Portfolio may invest in securities that have not been registered under the Securities Act of 1933, but that may be resold to qualified institutional buyers in accordance with the provisions of Rule 144A under the Securities Act of 1933 (“Rule 144A securities”).
The Portfolio intends to invest at least 25% of its assets in the securities of companies principally engaged in financial services.
Developed exclusively for use within separately managed accounts advised or sub-advised by Nuveen Asset Management, LLC, the Portfolio is a specialized fixed-income portfolio to be used in combination with selected individual securities to effectively model institutional-level investment strategies. The Portfolio enables certain Nuveen separately managed account investors to achieve greater diversification and return potential than might otherwise be achieved by investing in additional fixed-income classes, including those that have a lower credit quality and potentially higher yielding securities.
NISPX - Performance
Return Ranking - Trailing
Period | NISPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.3% | N/A | N/A | N/A |
1 Yr | 11.4% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | NISPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | NISPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.3% | N/A | N/A | N/A |
1 Yr | 11.4% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | NISPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
NAV & Total Return History
NISPX - Holdings
Concentration Analysis
NISPX | Category Low | Category High | NISPX % Rank | |
---|---|---|---|---|
Net Assets | 18.1 M | N/A | N/A | N/A |
Number of Holdings | 70 | N/A | N/A | N/A |
Net Assets in Top 10 | 6.9 M | N/A | N/A | N/A |
Weighting of Top 10 | 38.75% | N/A | N/A | N/A |
Top 10 Holdings
- State Street Navigator Securities Lending Government Money Market Portfolio 13.92%
- QBE Insurance Group Ltd 3.62%
- CoBank ACB 3.01%
- Barclays PLC 2.97%
- General Motors Financial Co Inc 2.93%
- AerCap Ireland Capital DAC / AerCap Global Aviation Trust 2.77%
- Charles Schwab Corp/The 2.50%
- UBS Group AG 2.45%
- Credit Agricole SA 2.44%
- Truist Financial Corp 2.15%
Asset Allocation
Weighting | Return Low | Return High | NISPX % Rank | |
---|---|---|---|---|
Bonds | 97.00% | N/A | N/A | N/A |
Cash | 13.92% | N/A | N/A | N/A |
Preferred Stocks | 2.03% | N/A | N/A | N/A |
Stocks | 0.00% | N/A | N/A | N/A |
Other | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | NISPX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 13.92% | N/A | N/A | N/A |
Derivative | 0.00% | N/A | N/A | N/A |
Securitized | 0.00% | N/A | N/A | N/A |
Corporate | 0.00% | N/A | N/A | N/A |
Municipal | 0.00% | N/A | N/A | N/A |
Government | 0.00% | N/A | N/A | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | NISPX % Rank | |
---|---|---|---|---|
US | 97.00% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
NISPX - Expenses
Operational Fees
NISPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.84% | N/A | N/A | N/A |
Management Fee | 0.00% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
NISPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
NISPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
NISPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
NISPX - Distributions
Dividend Yield Analysis
NISPX | Category Low | Category High | NISPX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.81% | N/A | N/A | N/A |
Dividend Distribution Analysis
NISPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly |
Net Income Ratio Analysis
NISPX | Category Low | Category High | NISPX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
NISPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 16, 2024 | $0.032 | CapitalGainShortTerm |
Dec 16, 2024 | $0.178 | CapitalGainLongTerm |
Nov 29, 2024 | $0.059 | OrdinaryDividend |
Oct 31, 2024 | $0.064 | OrdinaryDividend |
Sep 30, 2024 | $0.057 | OrdinaryDividend |
Aug 30, 2024 | $0.058 | OrdinaryDividend |
Jul 31, 2024 | $0.058 | OrdinaryDividend |
May 31, 2024 | $0.063 | OrdinaryDividend |
Apr 30, 2024 | $0.059 | OrdinaryDividend |
Mar 29, 2024 | $0.058 | OrdinaryDividend |
Feb 29, 2024 | $0.058 | OrdinaryDividend |
Jan 31, 2024 | $0.057 | OrdinaryDividend |
Dec 28, 2023 | $0.057 | OrdinaryDividend |
Dec 15, 2023 | $0.024 | OrdinaryDividend |
Dec 15, 2023 | $0.024 | CapitalGainShortTerm |
Nov 30, 2023 | $0.057 | OrdinaryDividend |
Oct 31, 2023 | $0.057 | OrdinaryDividend |
Sep 29, 2023 | $0.058 | OrdinaryDividend |
Aug 31, 2023 | $0.057 | OrdinaryDividend |
Jul 31, 2023 | $0.055 | OrdinaryDividend |
Jun 30, 2023 | $0.055 | OrdinaryDividend |
May 31, 2023 | $0.056 | OrdinaryDividend |
Apr 28, 2023 | $0.058 | OrdinaryDividend |
Mar 31, 2023 | $0.059 | OrdinaryDividend |
Feb 28, 2023 | $0.057 | OrdinaryDividend |
Jan 31, 2023 | $0.057 | OrdinaryDividend |
Dec 29, 2022 | $0.116 | OrdinaryDividend |