Nuveen Preferred and Income Term Fund of Beneficial Interest
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$18.97
- Net Assets:$420 Million
- NAV:$19.49
- Premium-2.67%
- Peer Rank:218 of 298
- Investment Rating:D+
- Performance:D+
- RiskC+
We rate Nuveen Preferred and Income Term at D+. Negative factors that influence this rating include a high expense structure. The fund may be considered for investors seeking a Global Income strategy.
Total return ranks below peers over the last three years. The Nuveen Preferred and Income Term has returned an annual rate of 5.37% since inception. More recently, the fund has generated a total return of 3.39% in the last five years, -1.47% in the last three years, and 2.56% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 38% of them. It has also outpaced 27% of its competitors on a three year basis and 19% of them over the last year for the period ending 2/29/2024. On a year to date basis, JPI has returned 4.53%.
Downside risk has been below average. JPI has a draw down risk of -37.20%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 16.3%. This fund has had moderate volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. On total assets of $420.00 million, JPI maintains a high expense ratio compared to its Global Income peers of 4.40% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As JPI is a closed end fund, it has no front end or back end load.