JLS: What's In Store For This Cheapest RMBS CEF [Seeking Alpha]
Nuveen Mortgage and Income Fund (JLS)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=jls
Company Research
Source: Seeking Alpha
Summary JLS has recently ditched its term date and tweaked its investment objective. The fund allocates to an attractive asset class linked to healthier household balance sheets, strong labor growth and rising house prices. We think the fund could drive returns by stronger earnings growth coming out of the restructuring as well as the compression in the discount differential to the sector. The newly rechristened Nuveen Mortgage and Income Fund ( In this article, we place the fund within its sector and evaluate its future drivers of return. We like the fund and think it should be able to drive returns from both an increase in earnings as well as a compression in discount between it and the rest of the sector. A Brief History of JLS To recap the history of the fund, it IPO'd in 2009 just as the financial crisis was coming to an end. Nuveen set up JLS and its now-terminated sister fund, JMT, to take advantage of the crisis in the mortgage market, specifically the non-agency mortgage-back
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JLS
Sec Filings
- 3/15/24 - Form N-CEN
- 3/11/24 - Form 3
- 3/8/24 - Form 3
- JLS's page on the SEC website