Nuveen Mortgage & Income Fund/MA/

# Nuveen Mortgage & Income Fund/MA/

Incorporated in Massachusetts and headquartered in Chicago, this closed-end fixed income fund focuses on mortgage-backed securities in the U.S. market. The fund invests primarily in non-agency residential mortgage-backed securities and commercial mortgage-backed securities, with particular emphasis on below investment grade securities offering favorable total return potential. Portfolio construction relies on fundamental analysis that evaluates credit performance of underlying mortgage loan portfolios, security structure characteristics including payment priority and credit enhancement mechanisms, and the financial strength of loan servicers. The fund benchmarks its performance against the Barclays Capital U.S. Aggregate Bond Index.

The fund is co-managed by three entities: Nuveen Fund Advisors LLC, Nuveen Asset Management LLC, and Wellington Management Company LLP. As a closed-end mutual fund structure, it distributes fixed income investments to shareholders rather than operating as a traditional operating company. The fund was established in September 2009 and was previously known as Nuveen Mortgage Opportunity Term Fund before adopting its current name to reflect its expanded focus on mortgage and income strategies.