Nuveen Mortgage and Income Fund (JLS) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Nuveen Mortgage and Income Fund (JLS) trades at $17.58 with AI Score 44/100 (Grade C). Nuveen Mortgage and Income Fund is a closed-end fund specializing in fixed-income markets within the United States. Market cap: $96.3M, Sector: Financial services.
Price as of Jul 21, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for JLS: JLS does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates JLS against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
JLS: 1/3 scored disciplines lean bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Nuveen Mortgage and Income Fund (JLS) Financial Services Profile
Nuveen Mortgage and Income Fund (JLS) is a US-based closed-end fund specializing in fixed-income investments, particularly mortgage-backed securities. Managed by Nuveen Fund Advisors and Wellington Management, JLS employs fundamental analysis to identify undervalued assets, offering investors exposure to below-investment-grade securities with a focus on credit performance and structural characteristics.
What Is the Investment Thesis for JLS?
Nuveen Mortgage and Income Fund presents a compelling investment case based on its focused strategy in undervalued mortgage-backed securities. With a dividend yield of 10.13% as of 2026, the fund offers an attractive income stream in a low-yield environment. The fund's rigorous fundamental analysis and bottom-up stock picking approach aim to identify securities with favorable total return potential. The fund's profit margin stands at 92.1%. Ongoing catalysts include the potential for increased returns from strategic investments in below-investment-grade securities. Potential risks include interest rate fluctuations and credit risks associated with the underlying mortgage portfolios. The fund's ability to navigate these risks and capitalize on market opportunities will be crucial for sustained performance.
Based on FMP financials and quantitative analysis
JLS Key Highlights
- Market Cap of $96.3M indicates a smaller, potentially more volatile fund.
- P/E Ratio of 10.47 suggests the fund's earnings are reasonably valued compared to its price.
- Profit Margin of 92.1% demonstrates high profitability in its investment strategies.
- Gross Margin of 47.2% reflects the efficiency of the fund's operations in generating revenue.
- Dividend Yield of 10.13% offers a substantial income stream for investors.
Who Are JLS's Competitors?
JLS is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CCIF Carlyle Credit Income Fund | $2.71 | -2.17% | $57.5M | 39 |
| CEE The Central and Eastern Europe Fund, Inc. | $20.66 | +1.37% | $133M | 49 |
| GDL The GDL Fund | $8.43 | +0.30% | $94.3M | 40 |
| IAE Voya Asia Pacific High Dividend Equity Income Fund | $8.53 | -0.12% | $91.7M | 43 |
| IHD Voya Emerging Markets High Dividend Equity Fund | $7.34 | -0.68% | $130M | 50 |
| GCV The Gabelli Convertible and Income Securities Fund Inc. | $4.65 | +1.09% | $93.7M | 60 |
| PGP PIMCO Global StocksPLUS & Income Fund | $8.58 | +1.30% | $99.4M | 62 |
| MGF MFS Government Markets Income Trust | $2.86 | +1.06% | $93.2M | 60 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are JLS's Key Strengths?
- High profit margin of 92.1%.
- Established expertise in mortgage-backed securities.
- Strong dividend yield of 10.13%.
- Co-management by reputable investment firms.
What Are JLS's Weaknesses?
- Smaller market cap of $96.3M may lead to volatility.
- Focus on below-investment-grade securities increases risk.
- Sensitivity to interest rate fluctuations.
- Dependence on the performance of the mortgage market.
What Could Drive JLS Stock Higher?
- Strategic investments in undervalued mortgage-backed securities can drive returns.
- Effective management of credit risk in the underlying mortgage portfolios.
- Capitalizing on market volatility to acquire assets at attractive prices.
What Are the Key Risks for JLS?
- Interest rate fluctuations impacting the value of fixed-income securities.
- Credit risks associated with below-investment-grade securities.
- Economic downturn affecting mortgage performance.
- Regulatory changes impacting the mortgage market.
What Are the Growth Opportunities for JLS?
- Strategic Allocation to Non-Agency RMBS: The fund's focus on non-agency residential mortgage-backed securities (RMBS) presents a growth opportunity. As the housing market evolves, strategic allocation to RMBS with favorable credit profiles can enhance returns. The market for non-agency RMBS is influenced by factors such as housing affordability, employment rates, and regulatory changes. Successfully navigating these factors can lead to increased profitability and market share for JLS. Timeline: Ongoing.
- Expansion into Commercial Mortgage-Backed Securities (CMBS): Diversifying into commercial mortgage-backed securities (CMBS) offers a growth avenue for JLS. The CMBS market is driven by commercial real estate fundamentals, including occupancy rates, rental income, and property values. By identifying undervalued CMBS with strong underlying assets, JLS can enhance its portfolio's risk-adjusted returns. This expansion requires expertise in commercial real estate analysis and market dynamics. Timeline: Ongoing.
- Leveraging Credit Analysis Expertise: Nuveen Mortgage and Income Fund's rigorous credit analysis capabilities provide a competitive advantage. By thoroughly evaluating the credit performance of mortgage loan portfolios, JLS can identify securities with attractive risk-reward profiles. This expertise is particularly valuable in navigating complex and opaque segments of the mortgage-backed securities market. Continued investment in credit analysis tools and personnel can further enhance this advantage. Timeline: Ongoing.
- Optimizing Security Structure Analysis: The fund's focus on security structure characteristics, such as priority of payment and credit enhancement, offers a growth opportunity. By understanding the intricacies of MBS structures, JLS can identify securities with enhanced protection against losses. This requires a deep understanding of securitization techniques and market dynamics. Optimizing security structure analysis can lead to improved portfolio performance and risk management. Timeline: Ongoing.
- Capitalizing on Market Volatility: Market volatility in the fixed-income and mortgage-backed securities markets can create opportunities for JLS. During periods of market stress, undervalued securities may emerge, providing attractive entry points for disciplined investors. By maintaining a flexible investment approach and a strong understanding of market dynamics, JLS can capitalize on volatility to enhance returns. This requires a proactive risk management strategy and the ability to act decisively when opportunities arise. Timeline: Ongoing.
What Opportunities Does JLS Have?
- Strategic allocation to undervalued mortgage-backed securities.
- Expansion into commercial mortgage-backed securities (CMBS).
- Capitalizing on market volatility to acquire assets at attractive prices.
- Leveraging credit analysis expertise for superior security selection.
What Threats Does JLS Face?
- Economic downturn impacting mortgage performance.
- Interest rate hikes reducing the value of fixed-income securities.
- Regulatory changes affecting the mortgage market.
- Increased competition from other asset management firms.
What Are JLS's Competitive Advantages?
- Expertise in mortgage-backed securities analysis.
- Established track record in fixed income investing.
- Co-management by reputable firms: Nuveen Fund Advisors, Nuveen Asset Management, and Wellington Management.
- Rigorous fundamental analysis and bottom-up stock picking approach.
What Does JLS Do?
Nuveen Mortgage and Income Fund (JLS) was established on September 10, 2009, and is domiciled in the United States. It operates as a closed-end fixed income mutual fund managed by Nuveen Investments, Inc., with co-management from Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. The fund's primary investment focus is the fixed income markets of the United States, specifically targeting undervalued mortgage-backed securities (MBS). These securities primarily consist of non-agency residential mortgage-backed securities and commercial mortgage-backed securities, selected for their potential to generate favorable total returns. JLS employs a fundamental analysis approach, emphasizing bottom-up stock picking. This involves a 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. The fund also assesses the relative financial strength of the mortgage loan servicer. The fund seeks to invest in below investment grade securities, adding a layer of risk and potential return. The fund benchmarks its performance against the Barclays Capital U.S. Aggregate Bond Index, providing a standard measure for evaluating its investment strategies and outcomes. Formerly known as Nuveen Mortgage Opportunity Term Fund, JLS aims to deliver income and capital appreciation through strategic investments in the mortgage-backed securities market.
What Products and Services Does JLS Offer?
- Invests in fixed income markets within the United States.
- Focuses on undervalued mortgage-backed securities (MBS).
- Targets non-agency residential mortgage-backed securities.
- Invests in commercial mortgage-backed securities.
- Employs fundamental analysis with a bottom-up stock picking approach.
- Analyzes credit performance of mortgage loan portfolios.
- Evaluates security structure characteristics like priority of payment and credit enhancement.
- Benchmarks performance against the Barclays Capital U.S. Aggregate Bond Index.
How Does JLS Make Money?
- Generates income through strategic investments in mortgage-backed securities.
- Employs rigorous credit analysis to identify undervalued assets.
- Co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP.
- Seeks to invest in below investment grade securities for higher potential returns.
What Industry Does JLS Operate In?
Nuveen Mortgage and Income Fund operates within the asset management industry, specifically focusing on fixed-income and mortgage-backed securities. The industry is characterized by intense competition, with firms vying for assets under management and striving to deliver superior risk-adjusted returns. Market trends, such as interest rate movements and credit market conditions, significantly impact the performance of funds like JLS. The fund's focus on undervalued and below-investment-grade securities positions it in a niche segment of the market, requiring specialized expertise in credit analysis and risk management. Competitors include other closed-end funds and asset managers with similar investment strategies.
Who Are JLS's Key Customers?
- Institutional investors seeking fixed income exposure.
- Retail investors looking for income-generating investments.
- Investors interested in mortgage-backed securities.
- Those seeking diversification through specialized asset classes.
JLS Valuation & Market Position
Relative to its peer group, JLS's quantitative score of 44/100 is roughly in line with the peer average of 44/100.
F-Score 5/9Financial Health
Nuveen Mortgage and Income Fund's Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 2.30 places it in the grey zone, a middle ground that warrants monitoring.
JLS Financials
Bull Case vs Bear Case
Bull Case
- High profit margin of 92.1%.
- Established expertise in mortgage-backed securities.
- Strong dividend yield of 10.13%.
- Co-management by reputable investment firms.
Bear Case
- Smaller market cap of $96.3M may lead to volatility.
- Focus on below-investment-grade securities increases risk.
- Sensitivity to interest rate fluctuations.
- Dependence on the performance of the mortgage market.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
JLS Latest News
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· Mar 24, 2020
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· Dec 13, 2019
JLS Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for JLS.
Price Targets
Wall Street price target analysis for JLS.
JLS MoonshotScore
What does this score mean?
The MoonshotScore rates JLS 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Aashh Parekh
CEO
Aashh Parekh serves as CEO. Information regarding Aashh Parekh's detailed background, including career history, education, and previous roles, is not available in the provided context. Further research would be required to provide a comprehensive profile.
Track Record: Information regarding Aashh Parekh's track record, including key achievements, strategic decisions, and company milestones under their leadership, is not available in the provided context. Further research would be required to provide a comprehensive assessment.
Nuveen Mortgage and Income Fund Financial Services Stock: Key Questions Answered
What does the AI Score mean for JLS?
JLS holds an AI Score of 44/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. Nuveen Mortgage and Income Fund is a closed-end fund specializing in fixed-income markets within the United States. The fund focuses on undervalued mortgage-backed securities, aiming for favorable …
What does Nuveen Mortgage and Income Fund do?
Nuveen Mortgage and Income Fund (JLS) is a closed-end fund specializing in fixed-income investments, particularly mortgage-backed securities within the United States. The fund focuses on identifying and investing in undervalued mortgage-backed securities, including non-agency residential and commercial MBS, with the goal of generating favorable total returns for its investors.
What are the main risks for JLS?
The main risks for Nuveen Mortgage and Income Fund (JLS) include interest rate risk, credit risk, and market risk. Interest rate risk stems from the potential for rising interest rates to decrease the value of fixed-income securities, including mortgage-backed securities. Credit risk arises from the possibility of borrowers defaulting on their mortgage payments, leading to losses for the fund.
How does Nuveen Mortgage and Income Fund generate revenue?
Nuveen Mortgage and Income Fund generates revenue primarily through interest income earned from its investments in mortgage-backed securities. The fund also may realize capital gains from the sale of securities that have appreciated in value.
What regulatory challenges does Nuveen Mortgage and Income Fund face?
As a closed-end fund investing in mortgage-backed securities, Nuveen Mortgage and Income Fund faces regulatory challenges related to compliance with securities laws and regulations, including those set forth by the Securities and Exchange Commission (SEC). The fund must adhere to regulations governing investment company operations, disclosure requirements, and portfolio composition.
What are the key factors to evaluate for JLS?
Nuveen Mortgage and Income Fund (JLS) holds an AI score of 44/100 (low). Not financial advice.
How frequently does JLS data refresh on this page?
JLS's price was last updated on Jul 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven JLS's recent stock price performance?
Nuveen Mortgage and Income Fund (JLS) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: High profit margin of 92.1%. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider JLS overvalued or undervalued right now?
Nuveen Mortgage and Income Fund (JLS) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Some CEO details are missing and require further research.
- AI analysis pending, limiting insights.