XJPSX: Nuveen Preferred & Income Securities Fund - MutualFunds.com
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Nuveen Pref & Income Securities Fund

XJPSX - Snapshot

Vitals

  • YTD Return 0.7%
  • 3 Yr Annualized Return 6.0%
  • 5 Yr Annualized Return 8.4%
  • Net Assets $1.97 B
  • Holdings in Top 10 19.7%

52 WEEK LOW AND HIGH

$9.79
$8.09
$9.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.44%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Closed-end mutual fund
  • Investment Style Preferred Stock

Compare XJPSX to Popular Preferred Stock Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$38.67

+0.03%

$18.32 B

4.66%

$1.80

0.42%

0.46%

$14.32

0.00%

$11.27 B

5.10%

$0.73

-0.62%

0.85%

$10.44

0.00%

$8.02 B

4.34%

$0.45

-0.29%

0.81%

$15.11

-0.07%

$6.73 B

4.93%

$0.75

-0.98%

0.50%

$20.32

0.00%

$6.19 B

4.78%

$0.97

0.64%

0.85%

XJPSX - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 6.0%
  • 5 Yr Annualized Total Return 8.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 6.73%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Preferred & Income Securities Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Sep 24, 2002
  • Shares Outstanding
    203790147
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Lieb

Fund Description

N/A


XJPSX - Performance

Return Ranking - Trailing

Period XJPSX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -1.6% 11.6% 37.97%
1 Yr 35.3% 14.4% 110.1% 29.11%
3 Yr 6.0%* 0.2% 9.4% 60.56%
5 Yr 8.4%* 2.0% 10.2% 19.70%
10 Yr 8.4%* 5.3% 10.8% 17.50%

* Annualized

Return Ranking - Calendar

Period XJPSX Return Category Return Low Category Return High Rank in Category (%)
2020 -4.7% -79.5% 4.8% 83.33%
2019 14.8% 2.3% 20.1% 16.00%
2018 -14.1% -19.0% -5.7% 86.76%
2017 8.8% -5.0% 18.5% 3.23%
2016 -0.9% -6.1% 1.7% 56.67%

Total Return Ranking - Trailing

Period XJPSX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -1.6% 11.6% 37.97%
1 Yr 35.3% 12.9% 110.1% 29.11%
3 Yr 6.0%* -0.8% 9.4% 53.52%
5 Yr 8.4%* 1.7% 10.2% 18.18%
10 Yr 8.4%* 5.3% 10.8% 17.50%

* Annualized

Total Return Ranking - Calendar

Period XJPSX Return Category Return Low Category Return High Rank in Category (%)
2020 -4.7% -24.8% 4.8% 84.62%
2019 14.8% 2.3% 20.1% 16.00%
2018 -14.1% -19.0% -1.8% 91.18%
2017 8.8% -5.0% 18.5% 17.74%
2016 -0.9% -6.1% 7.5% 65.00%

NAV & Total Return History


XJPSX - Holdings

Concentration Analysis

XJPSX Category Low Category High XJPSX % Rank
Net Assets 1.97 B 12.1 M 18.3 B 36.59%
Number of Holdings 258 47 515 24.39%
Net Assets in Top 10 599 M 2.34 M 2.64 B 29.27%
Weighting of Top 10 19.66% 12.6% 47.2% 45.12%

Top 10 Holdings

  1. Societe Generale S.A. 8% 2.83%
  2. Barclays PLC 7.75% 2.25%
  3. Credit Suisse AG 7.5% 2.11%
  4. JPMorgan Chase & Co Deposit Shs Repr 1/10th Non-Cum Perp Pfd Shs Series -S- 2.02%
  5. NatWest Group plc 7.5% 1.97%
  6. BNP Paribas 7.62% 1.94%
  7. MetLife Inc. 9.25% 1.82%
  8. Lloyds Banking Group plc 7.5% 1.76%
  9. Nationwide Financial Services, Inc. 6.75% 1.66%
  10. HSBC Capital Funding Dollar I L.P. 10.18% 1.64%

Asset Allocation

Weighting Return Low Return High XJPSX % Rank
Bonds
49.23% -1.36% 82.31% 36.59%
Convertible Bonds
32.98% 0.00% 38.39% 2.44%
Preferred Stocks
16.41% 2.55% 119.38% 81.71%
Stocks
1.49% 0.00% 52.46% 34.15%
Other
0.00% 0.00% 16.63% 68.29%
Cash
-0.13% -28.24% 19.51% 98.78%

Stock Sector Breakdown

Weighting Return Low Return High XJPSX % Rank
Financial Services
96.24% 0.00% 100.00% 40.38%
Utilities
3.19% 0.00% 100.00% 32.69%
Energy
0.49% 0.00% 41.28% 15.38%
Communication Services
0.08% 0.00% 58.72% 15.38%
Technology
0.00% 0.00% 0.00% 23.08%
Real Estate
0.00% 0.00% 100.00% 61.54%
Industrials
0.00% 0.00% 22.67% 50.00%
Healthcare
0.00% 0.00% 4.60% 50.00%
Consumer Defense
0.00% 0.00% 2.04% 23.08%
Consumer Cyclical
0.00% 0.00% 0.00% 23.08%
Basic Materials
0.00% 0.00% 10.71% 50.00%

Stock Geographic Breakdown

Weighting Return Low Return High XJPSX % Rank
Non US
1.44% 0.00% 3.82% 14.63%
US
0.05% 0.00% 48.64% 42.68%

Bond Sector Breakdown

Weighting Return Low Return High XJPSX % Rank
Corporate
99.77% 60.97% 100.00% 6.10%
Government
0.18% 0.00% 20.85% 65.85%
Securitized
0.03% 0.00% 0.03% 1.22%
Cash & Equivalents
0.02% 0.00% 17.68% 97.56%
Derivative
0.00% 0.00% 18.15% 28.05%
Municipal
0.00% 0.00% 0.00% 19.51%

Bond Geographic Breakdown

Weighting Return Low Return High XJPSX % Rank
US
34.44% -1.36% 61.73% 21.95%
Non US
14.79% -4.50% 29.40% 37.80%

XJPSX - Expenses

Operational Fees

XJPSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.44% 0.15% 4.20% 8.86%
Management Fee 0.70% 0.00% 1.21% 56.10%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

XJPSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.00% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

XJPSX 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.

XJPSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 6.30% 202.00% 26.25%

XJPSX - Distributions

Dividend Yield Analysis

XJPSX Category Low Category High XJPSX % Rank
Dividend Yield 0.00% 0.00% 3.52% 37.80%

Dividend Distribution Analysis

XJPSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

XJPSX Category Low Category High XJPSX % Rank
Net Income Ratio 6.73% 2.64% 7.54% 15.00%

Capital Gain Distribution Analysis

XJPSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

XJPSX - Fund Manager Analysis

Managers

Mark Lieb


Start Date

Tenure

Tenure Rank

Sep 24, 2002

18.53

18.5%

Prior to founding Spectrum in 1987, Mr. Lieb was a Founder, Director and Partner of DBL Preferred Management, Inc., a wholly owned corporate cash management subsidiary of Drexel Burnham Lambert, Inc. Mr. Lieb was instrumental in the formation and development of all aspects of DBL Preferred Management, Inc., including the daily management of preferred stock portfolios for institutional clients, hedging strategies, and marketing strategies. Mr. Lieb's prior employment included the development of the preferred stock trading desk at Mosley Hallgarten & Estabrook. Mr. Lieb holds a BA in Economics from Central Connecticut State College and a MBA (Finance) from the University of Hartford.

L. Jacoby


Start Date

Tenure

Tenure Rank

Sep 24, 2002

18.53

18.5%

Mr. Jacoby joined Spectrum in 1995 as a Portfolio Manager and most recently held the position of Managing Director and Senior Portfolio Manager until his appointment as CIO on January 1, 2010, following the planned retirement of his predecessor. Prior to joining Spectrum, Mr. Jacoby was a Senior Investment Officer at USL Capital Corporation (a subsidiary of Ford Motor Corporation) and co-manager of the preferred stock portfolio of its US Corporate Financing Division for six years. Mr. Jacoby began his career in 1981 with The Northern Trust Company, Chicago and then moved to Los Angeles to join E.F. Hutton & Co. as a Vice President and Institutional Salesman, Generalist Fixed Income Sales through most of the 1980s. Mr. Jacoby holds a BSBA (Finance) from the Boston University School of Management.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 29.15 7.46 10.25