Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) is a closed-end management investment company established in 2008 and advised by Nuveen Asset Management, a TIAA company. The fund seeks to provide attractive current income through a diversified portfolio of preferred securities and other income-producing instruments. As a part of the Nuveen family of funds, JPC leverages decades of fixed-income expertise and rigorous credit research to identify opportunities across a broad spectrum of issuers and sectors.
The fund invests primarily in U.S. and non-U.S. preferred and hybrid securities, including corporate preferred stocks, bank capital instruments and similar instruments that rank senior to common equity in the issuer’s capital structure. It may also hold corporate bonds, collateralized mortgage obligations, asset-backed securities and other debt instruments. Portfolio managers employ a combination of bottom-up credit analysis and top-down interest rate scenario planning to manage risk, seek attractive yields, and mitigate volatility.
While the fund maintains a significant allocation to U.S. issuers, it also pursues income opportunities in developed markets such as Europe and Asia, as well as select emerging markets. Geographic diversification helps the fund capture relative value across regions, sectors and currencies. Active duration management and currency hedging strategies are used to address interest rate and foreign exchange risks.
Oversight of the Nuveen Preferred & Income Opportunities Fund is provided by an independent board of trustees, and daily portfolio management is carried out by a team of seasoned fixed-income professionals at Nuveen. As part of TIAA, Nuveen brings extensive resources, research capabilities and risk-management infrastructure, supporting JPC’s objective of delivering reliable income while striving for capital preservation.
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