XJLSX

About XJLSX

Nuveen Mortgage and Income Fund is a closed-end fixed income fund focused on securitized credit, aiming to deliver high current income through opportunistic allocation across mortgage-related and asset-backed securities. Under normal conditions, the fund invests predominantly in mortgage-backed securities, including residential and commercial pools, and complements this exposure with non-mortgage asset-backed securities tied to consumer and specialized cash flows such as collateralized loan obligations and other ABS segments. The portfolio is actively managed to identify relative value within securitized markets, with flexibility to allocate across the capital structure and utilize leverage to pursue its income objective. The strategy emphasizes bottom-up credit evaluation of underlying loan pools, security structures, and servicer quality, reflecting a research-driven approach to risk and return. In practice, exposures have included mezzanine CMBS, below-investment-grade ABS, and select CRT securities, with position adjustments based on spread dynamics and market liquidity. The fund plays a specialized role in the market by channeling capital to housing finance and broader securitization sectors, providing investors with diversified access to income from structured credit instruments.