Nuveen Mortgage and Income Fund changes investment policies effective March 1, 2024
Effective March 1, 2024, the Fund changed its investment policies to give it more flexibility in securitized credit. The core mortgage-backed securities requirement drops from 65% to 50% of Managed Assets, while a new 80% policy covers mortgage-related and other income-producing assets, and the limits on futures and short selling are removed.
Key points
- Minimum MBS allocation lowered from at least 65% to at least 50% of Managed Assets
- Non-mortgage ABS allowance raised from up to 35% to up to 50% of Managed Assets
- New policy requires at least 80% of Assets in mortgage-related and other income-producing securities
- Limits on futures contracts and short sales eliminated; catastrophe bond limit of up to 5% unchanged
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 01, 2024.
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