JLS CEF — Nuveen Mortgage and Income Fund

Nuveen Mortgage and Income Fund (JLS)

Updated November 12, 2026.

JLS is a CEF. Its distribution rate is 11.34%, its trailing-12-month yield is 12.32%, its expense ratio is 1.643%. Dividend Vision Distribution Safety Score™ is 90/100 (Safe). Total return is 161.9% over the past 17 years, 656.1 points behind SPY at 818.0%.

At the current 11.34% distribution rate, a $10,000 investment would generate approximately $1,134 per year, or $94.50 per month.

JLS performance versus SPY

As of Nov 12, 2026

Total return is 161.9% over the past 17 years, 656.1 points behind SPY at 818.0%. Over the past year its total return — price change plus distributions reinvested — is -4.6%. Its deepest 1-year drawdown was 9.6%.

JLS key facts

Distribution Safety Score™

90 · Safe

Safety-Adjusted Yield

10.21%

Issuer

Nuveen

Asset type

CEF

Asset class

Fixed Income

Inception date

11/25/2009

Expense ratio

1.643%

Distribution rate

11.34%

Distribution frequency

Monthly

Trailing yield

12.32%

5-year average yield

8.05

Last close

$16.25 (as of 2026-11-12)

NAV

$18.27; NAV date unknown

Premium / discount

Premium not shown · NAV date unknown

Market cap

$88,995,192

Average volume

6,682

Dividend

$0.1535

Ex-dividend date

11/13/2026

Payment date

12/01/2026

AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (11.34%) uses latest regular dividend ($0.1535) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (12.32%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Nuveen; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

JLS risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.6%.

Who may consider JLS — and who may not

JLS may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on JLS

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Tagged: CEF, Fixed Income, Credit.

Frequently asked questions

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