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Nuveen Mortgage and Income Fund (JLS)

Financial Services | Asset Management | Chicago, United States | NYSE
16.49 USD +0.03 (0.209%) ⇧ (Oct. 12, 2026, 9:56 a.m. EDT)
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★☆☆☆
Hot Take ↕ | Oct. 10, 2026, 2:59 a.m. EDT

The immediate outlook remains neutral as the fund trades near its 52-week low, having underperformed significantly over the last year despite a recent uptick in price. While the 11.34% yield is attractive on the surface, the payout ratio of 167.5% reveals a critical flaw: the fund is distributing more than it earns, eroding capital to maintain the income stream. This unsustainable burn rate prevents a strong long-term recommendation, as the business fundamentals cannot support the current distribution level without further share price depreciation. The recent price action shows some stabilization, but the heavy reliance on NAV erosion to fund dividends makes this a speculative income play rather than a sustainable investment.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.026029
AutoTheta0.027056
AutoETS0.027883
AutoARIMA0.030729

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 62%
H-stat 45.80
Ljung-Box p 0.000
Jarque-Bera p 0.265
Excess Kurtosis -0.97
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-10-14
Last Dividend Date 2026-09-14
Market Cap 90,333,680
Trailing P/E 14.99
Website https://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=JLS&refsrc=vu_nuveen.com/jls

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.94% 10.24% 9.94% 8.96%
Dividend History
Date Dividend Yield %
2026-09-15 0.154 0.939024
2026-08-14 0.154 0.896391
2026-07-15 0.154 0.882521
2026-06-15 0.154 0.871041
2026-05-15 0.154 0.832432
2026-04-15 0.154 0.833785
2026-03-13 0.154 0.846619
2026-02-13 0.154 0.823089
2026-01-15 0.154 0.836957
2025-12-15 0.154 0.839695
2025-11-14 0.154 0.820458
2025-10-15 0.154 0.819585
2025-09-15 0.154 0.813523
2025-08-15 0.154 0.820021
2025-07-15 0.154 0.809674
2025-06-13 0.154 0.842912
2025-05-15 0.154 0.849890
2025-04-15 0.154 0.870056
2025-03-14 0.154 0.817410
2025-02-14 0.154 0.809674
2025-01-15 0.154 0.829741
2024-12-13 0.154 0.822650
2024-11-15 0.154 0.857939
2024-10-15 0.154 0.829295
2024-09-13 0.154 0.851770
2024-08-15 0.154 0.860335
2024-07-15 0.154 0.856031
2024-06-14 0.154 0.857461
2024-05-14 0.142 0.816092
2024-04-12 0.142 0.822711
2024-03-14 0.142 0.801807
2024-02-14 0.142 0.851830
2024-01-11 0.142 0.821759
2023-12-26 0.057 0.339084
2023-12-14 0.142 0.829439
2023-11-14 0.142 0.901015
2023-10-12 0.142 0.884735
2023-09-14 0.123 0.759728
2023-08-14 0.123 0.742305
2023-07-13 0.123 0.756923
2023-06-14 0.123 0.771160
2023-05-12 0.123 0.778481
2023-04-13 0.123 0.766833
2023-03-14 0.116 0.726362
2023-02-14 0.116 0.675991
2023-01-12 0.116 0.711656
2022-12-14 0.116 0.722741
2022-11-14 0.116 0.728643
2022-10-13 0.083 0.532051
2022-09-14 0.083 0.494931
2022-08-12 0.083 0.483401
2022-07-14 0.083 0.507645
2022-06-14 0.083 0.499398
2022-05-12 0.083 0.480324
2022-04-13 0.083 0.464986
2022-03-14 0.083 0.453057
2022-02-14 0.083 0.442667
2022-01-13 0.083 0.403304
2021-12-14 0.083 0.397319
2021-11-12 0.083 0.396181
2021-10-14 0.083 0.394862
2021-09-14 0.083 0.392435
2021-08-12 0.083 0.390772
2021-07-14 0.083 0.394674
2021-06-14 0.083 0.397700
2021-05-13 0.083 0.398847
2021-04-14 0.083 0.390405
2021-03-12 0.083 0.402522
2021-02-11 0.068 0.334152
2021-01-14 0.068 0.343434
2020-12-14 0.068 0.346232
2020-11-12 0.068 0.365788
2020-10-14 0.068 0.356021
2020-09-14 0.068 0.354721
2020-08-13 0.068 0.363054
2020-07-14 0.068 0.362087
2020-06-12 0.068 0.370169
2020-05-14 0.091 0.522989
2020-04-14 0.091 0.512965
2020-03-12 0.091 0.442822
2020-02-13 0.114 0.502203
2020-01-14 0.114 0.509156
2019-12-12 0.114 0.516538
2019-11-14 0.114 0.502424
2019-10-11 0.114 0.500879
2019-09-12 0.114 0.495652
2019-08-14 0.114 0.495868
2019-07-12 0.114 0.491379
2019-06-13 0.114 0.492228
2019-05-14 0.114 0.490112
2019-04-12 0.114 0.490323
2019-03-14 0.114 0.491591
2019-02-14 0.114 0.496949
2019-01-14 0.114 0.500219
2018-12-26 0.718 3.184036
2018-12-13 0.114 0.484282
2018-11-14 0.114 0.480000
2018-10-12 0.114 0.480000
2018-09-13 0.114 0.474012
2018-08-14 0.114 0.477987
2018-07-12 0.114 0.482030
2018-06-14 0.114 0.486556
2018-05-14 0.114 0.488432
2018-04-12 0.114 0.482846
2018-03-14 0.114 0.480810
2018-02-14 0.114 0.476987
2018-01-11 0.114 0.473815
2017-12-26 1.956 8.042763
2017-12-14 0.114 0.440154
2017-11-14 0.114 0.445312
2017-10-12 0.114 0.441689
2017-09-14 0.114 0.448466
2017-08-11 0.114 0.451664
2017-07-12 0.114 0.448113
2017-06-13 0.114 0.450949
2017-05-11 0.114 0.455453
2017-04-11 0.114 0.463980
2017-03-13 0.114 0.468365
2017-02-13 0.114 0.472637
2017-01-11 0.114 0.478992
2016-12-22 0.283 1.176715
2016-12-13 0.114 0.481216
2016-11-10 0.114 0.490956
2016-10-12 0.114 0.475000
2016-09-13 0.114 0.481013
2016-08-11 0.114 0.479798
2016-07-13 0.114 0.492653
2016-06-13 0.114 0.504648
2016-05-11 0.127 0.555070
2016-04-13 0.127 0.558487
2016-03-11 0.127 0.564947
2016-02-10 0.127 0.564444
2016-01-13 0.127 0.564194
2015-12-11 0.127 0.569507
2015-11-10 0.127 0.559718
2015-10-13 0.127 0.563193
2015-09-11 0.127 0.569507
2015-08-12 0.127 0.569762
2015-07-13 0.127 0.558487
2015-06-11 0.127 0.555799
2015-05-13 0.127 0.553377
2015-04-13 0.127 0.551215
2015-03-11 0.127 0.546942
2015-02-11 0.127 0.546707
2015-01-13 0.127 0.547886
2014-12-11 0.127 0.554343
2014-11-12 0.127 0.542040
2014-10-10 0.127 0.537908
2014-09-11 0.127 0.529829
2014-08-13 0.127 0.532049
2014-07-11 0.127 0.514795
2014-06-11 0.127 0.523280
2014-05-13 0.127 0.523927
2014-04-11 0.127 0.533838
2014-03-12 0.127 0.526971
2014-02-12 0.141 0.590947
2014-01-13 0.141 0.593434
2013-12-24 0.824 3.548665
2013-12-11 0.141 0.603596
2013-11-13 0.141 0.593684
2013-10-10 0.141 0.598980
2013-09-11 0.241 1.053322
2013-08-13 0.159 0.663883
2013-07-11 0.159 0.650839
2013-06-12 0.159 0.632207
2013-05-13 0.172 0.585034
2013-04-11 0.172 0.606916
2013-03-13 0.172 0.576601
2013-02-13 0.172 0.586630
2013-01-11 0.172 0.600768
2012-12-12 0.173 0.624098
2012-11-13 0.173 0.630926
2012-10-11 0.173 0.635095
2012-09-12 0.173 0.659048
2012-08-13 0.173 0.679764
2012-07-11 0.173 0.711056
2012-06-13 0.173 0.715467
2012-05-11 0.173 0.718439
2012-04-11 0.173 0.727502
2012-03-13 0.173 0.732740
2012-02-13 0.173 0.744727
2012-01-11 0.173 0.786006
2011-12-13 0.173 0.855589
2011-11-10 0.173 0.834539
2011-10-12 0.173 0.832131
2011-09-13 0.173 0.819129
2011-08-11 0.173 0.781391
2011-07-13 0.173 0.716356
2011-06-13 0.173 0.717247
2011-05-11 0.173 0.697299
2011-04-13 0.173 0.702395
2011-03-11 0.173 0.692554
2011-02-11 0.173 0.692277
2011-01-12 0.173 0.677369
2010-12-13 0.173 0.721736
2010-11-10 0.173 0.690343
2010-10-13 0.173 0.686236
2010-09-13 0.238 0.964344
2010-08-11 0.173 0.712521
2010-07-13 0.173 0.718737
2010-06-11 0.173 0.703252
2010-05-12 0.173 0.693109
2010-04-13 0.173 0.690619
2010-03-11 0.173 0.692000
2010-02-10 0.173 0.697581
Additional Data
dividendRate 1.84
dividendYield 11.34
exDividendDate 2026-10-15
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.154
lastDividendDate 2026-09-15
dividendDate 2019-02-01

Info Dump

Attribute Value
52 Week Change -0.13002115
Address1 333 West Wacker Drive
All Time High 30.33
All Time Low 13.82
Ask 16.51
Ask Size 1,100
Average Daily Volume10 Day 36,050
Average Daily Volume3 Month 26,625
Average Volume 26,625
Average Volume10Days 36,050
Bid 16.32
Bid Size 100
City Chicago
Country United States
Crypto Tradeable 0
Currency USD
Current Price 16.4944
Custom Price Alert Confidence HIGH
Date Short Interest 1,789,430,400
Day High 16.5
Day Low 16.4944
Dividend Date 1,548,979,200
Dividend Rate 1.84
Dividend Yield 11.34
Ebitda Margins 0.0
Eps Trailing Twelve Months 1.1
Esg Populated 0
Ex Dividend Date 1,792,022,400
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 16.7462
Fifty Day Average Change -0.25180054
Fifty Day Average Change Percent -0.015036278
Fifty Two Week Change Percent -13.002115
Fifty Two Week High 18.98
Fifty Two Week High Change -2.4855995
Fifty Two Week High Change Percent -0.13095888
Fifty Two Week Low 16.01
Fifty Two Week Low Change 0.4843998
Fifty Two Week Low Change Percent 0.030256078
Fifty Two Week Range 16.01 - 18.98
First Trade Date Milliseconds 1,259,332,200,000
Five Year Avg Dividend Yield 7.87
Full Exchange Name NYSE
Fullday Change 0.03440094
Fullday Change Percent 0.20899722
Fullday Price 16.4944
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Has Pre Post Market Data 1
Held Percent Insiders 0.00014
Held Percent Institutions 0.40313
Implied Shares Outstanding 5,476,627
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Language en-US
Last Dividend Date 1,789,430,400
Last Dividend Value 0.154
Long Business Summary Nuveen Mortgage and Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. It invests in the fixed income markets of the United States. The fund invests in undervalued mortgage-backed securities consisting primarily of non-agency residential mortgage-backed securities and commercial mortgage-backed securities with a favorable total return potential. It seeks to invest in below investment grade securities. The fund employs fundamental analysis with a focus on bottom-up stock picking approach based on rigorous analysis of the credit performance of the mortgage loan portfolios underlying the MBS, security structure characteristics such as the priority of payment, credit enhancement and default patterns of underlying loans, and the relative financial strength of the mortgage loan servicer to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital U.S. Aggregate Bond Index. It was formerly known as Nuveen Mortgage Opportunity Term Fund. Nuveen Mortgage and Income Fund was formed on September 10, 2009 and is domiciled in the United States.
Long Name Nuveen Mortgage and Income Fund
Market us_market
Market Cap 90,333,680
Market State REGULAR
Max Age 86,400
Message Board Id finmb_65060703
Non Diluted Market Cap 89,707,133
Open 16.51
Operating Margins 0.0
Payout Ratio 1.6753
Phone 312 917 7700
Previous Close 16.46
Price Hint 2
Profit Margins 0.0
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.03440094
Regular Market Change Percent 0.20899722
Regular Market Day High 16.5
Regular Market Day Low 16.4944
Regular Market Day Range 16.4944 - 16.5
Regular Market Open 16.51
Regular Market Previous Close 16.46
Regular Market Price 16.4944
Regular Market Time 1,791,813,365
Regular Market Volume 1,123
Sand P52 Week Change 0.17383456
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 5,476,626
Shares Percent Shares Out 0.0007
Shares Short 3,995
Shares Short Previous Month Date 1,786,665,600
Shares Short Prior Month 844
Short Name Nuveen Mortgage Opportunity Ter
Short Percent Of Float 0.00090000004
Short Ratio 0.16
Source Interval 15
State IL
Symbol JLS
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 1.1
Trailing P E 14.994908
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 17.76785
Two Hundred Day Average Change -1.2734509
Two Hundred Day Average Change Percent -0.07167163
Type Disp Equity
Volume 1,123
Website https://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=JLS&refsrc=vu_nuveen.com/jls
Zip 60,606-1220