Nuveen Mortgage and Income Fund (JLS)

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The chart shows the growth of an initial investment of $10,000 in Nuveen Mortgage and Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Nuveen Mortgage and Income Fund (JLS) has returned 2.20% so far this year and 6.72% over the past 12 months. Over the last ten years, JLS has returned 6.04% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 27, 2009, JLS's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, your investment would double in approximately 10.3 years.

Historically, 63% of months were positive and 37% were negative. The best month was Jan 2012 with a return of +12.2%, while the worst month was Mar 2020 at -24.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, JLS closed higher 50% of trading days. The best single day was Aug 9, 2011 with a return of +5.7%, while the worst single day was Mar 18, 2020 at -14.1%.

Nuveen Mortgage and Income Fund has an annualized alpha of 4.05%, beta of 0.24, and R² of 0.12 versus S&P 500 Index. Calculated based on daily prices since November 30, 2009.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (36.85%) than losses (34.87%) — typical of diversified or defensive assets.
• Beta of 0.24 may look defensive, but with R² of 0.12 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.12 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

JLS has an expense ratio of 0.04%, which is considered low.

JLS ranks 25 for risk / return — below 25% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Nuveen Mortgage and Income Fund (JLS) and compare them to a chosen benchmark (S&P 500 Index).

Nuveen Mortgage and Income Fund provided a 10.16% dividend yield over the last twelve months, with an annual payout of $1.84 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Nuveen Mortgage and Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Nuveen Mortgage and Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Nuveen Mortgage and Income Fund was 35.18%, occurring on Mar 26, 2020. Recovery took 347 trading sessions.

The current Nuveen Mortgage and Income Fund drawdown is 2.27%.

The chart below shows the rolling one-month volatility.