Nuveen Mortgage and Income Fund (JLS)

FairStock Score: 40/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at JLS as a closed-end fund, not an operating company. Its stated job is to buy undervalued U.S. mortgage-backed securities, mainly non-agency residential and commercial mortgage bonds, with Nuveen and Wellington managing the portfolio. At $16.46 on 2026-10-13, the market value is only about $100.1 million, so it is a small vehicle. The FairStock P/E is 14.96, and the dividend yield is 11.19%, which is the main attraction but also a warning: the data does not show whether that payout is covered. The Graham Number is $21.59, giving a 23.76% margin of safety, so the price sits below that rough value marker. Still, the Piotroski F-Score is 2/9 and the Altman Z-Score is 1.61, both weak, and the FairStock Score is 40/100. There are no revenue, profit, ROE, debt, or growth figures, and no multi-year filed results; the Lynch category is none because only 0 years of filed results are available and 3 are needed. The 52-week range is $16.01 to $18.96, so the shares are near the low end. I cannot identify a durable moat from these numbers; the managers' expertise may help, but no performance history is provided. This looks like a possible discount on mortgage credit, not a clear bargain.

In plain English: Nuveen Mortgage and Income Fund is a closed-end fund that buys U.S. mortgage-backed securities, mostly non-agency residential and commercial mortgage bonds. Based on the limited numbers available, the fund looks risky: its health scores are weak, it has a very high dividend, and there is no multi-year track record in the data. The share price looks somewhat cheap compared with a simple value estimate, but that does not make it safe.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer