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Posted by
Two Blokes Jul 11 -
Filed in
Stock
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8 views
Nuveen Mortgage and Income Fund offers a high 9.7% yield and monthly payouts, appealing to income investors but with a history of payout adjustments tied to interest rates. The fund's portfolio is heavily weighted toward below-investment-grade mortgage-backed securities, increasing risk, especially in a high-rate environment. JLS currently trades at a small 3.6% discount to NAV, but this is less attractive compared to its historical average discount of 10.5%.
