NYSE | FUND
Nuveen Preferred & Income Opportunities Fund is a closed ended balanced mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC.
It invests in the public equity and fixed income markets of the United States.
The fund seeks to invest in securities of companies operating across diversified sectors.
It primarily invests in preferred securities, dividend paying stocks of companies, and corporate and taxable municipal debt securities which are rated BBB/Baa or better by S&P, Moody's, or Fitch.
The fund employs fundamental analysis with a top-down stock picking approach to create its portfolio.
It benchmarks the performance of its portfolio against the BofA/Merrill Lynch Preferred Stock Fixed Rate Index and the JPC Blended Index which is comprised of 82.5% BofA/Merrill Lynch Preferred Stock Fixed Rate Index and 17.5% Barclays Capital Securities Index.
The fund was formerly known as Nuveen Preferred Income Opportunities Fund.
Nuveen Preferred & Income Opportunities Fund was formed on March 26, 2003 and is domiciled in the United States.
Top 20 Holdings
| Name | Weight |
|---|---|
| Fixed Income Clearing Corp | 3.09% |
| JPMorgan Chase & Co DR | 2.27% |
| Land O'Lakes Inc. 8% | 2.04% |
| Bank of America Corporation 6.5% | 1.94% |
| Emera Inc 6.75% | 1.53% |
| PNC Financial Services Group Inc 1/100th Non-Cum Perp Pfd Shs Series -O- | 1.43% |
| Wells Fargo & Company 5.875% | 1.37% |
| Morgan Stanley Deposit Shs Repr 1/1000th Non-Cum Pfd Shs Series -E- | 1.30% |
| Citigroup Inc. 6.25% | 1.12% |
| Farm Credit Bank of Texas Class B | 1.11% |
| HSBC Holdings PLC 6.375% | 1.02% |
| First Citizens BancShares Inc (Delaware) 5.8% | 0.98% |
| Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A | 0.95% |
| MetLife Capital Trust IV 7.875% | 0.95% |
| Deutsche Bank AG New York Branch 6% | 0.88% |
| Ally Financial Inc FXDFR PRF PERPETUAL USD 1000 - Ser B | 0.87% |
| CHS Inc Pfd Shs -B- Series -2- | 0.86% |
| Voya Financial Inc 6.125% | 0.85% |
| CoBank ACB Perp Pfd Shs Series -F- Restricted | 0.85% |
| CHS Inc Pfd Shs -B- Series 3 | 0.82% |