Nuveen Mortgage & Income Fund/MA/ (JLS)
The Nuveen Mortgage and Income Fund functions as a closed-end mutual fund concentrating on fixed-income assets, originally founded by Nuveen Investments, Inc. Its oversight is a collaborative effort between Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. The fund directs its investments towards the United States' fixed income markets, primarily targeting undervalued mortgage-backed securities (MBS). These include, but are not limited to, non-agency residential and commercial MBS, with the goal of achieving strong total returns. It also strategically seeks out securities classified as below investment grade. To build its portfolio, the fund utilizes a fundamental, bottom-up analytical approach. This rigorous process assesses the credit performance of the underlying mortgage loan portfolios, the structural characteristics of the MBS (such as payment priority, credit enhancement, and default patterns of the underlying loans), and the financial strength of the mortgage loan servicers. Its performance is benchmarked against the Barclays Capital U.S. Aggregate Bond Index. Formerly recognized as the Nuveen Mortgage Opportunity Term Fund, this fund was established on September 10, 2009, and maintains its domicile in the United States.
Industry: Asset Management - Income
Nuveen Mortgage and Income Fund
NYSE:JLSFinancial Services · Asset Management - Income
-0.12%$16.12
AH Close$16.12+0.00%vs close
AH Close$16.12+0.00%vs close
Mkt Cap$88.28M
Float5.47M
O/S5.48M
Inst Own40.3%
SI0.3%
Div Yield11.43%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$10.33M
Net Income$9.51M
Total Assets$137.27M
Free Cash Flow$8.19M
Debt & Equity
Debt 23%
Equity 77%
Total Debt$31.13M
Total Equity$105.95M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in JLS's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$137.27M
Liabilities$31.33M
Accounts Receivable$712K
Accounts Payable$14K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $10.33M | $13.54M | $12.4M | $7.17M | $5.64M | $5.22M | $17.65M | $6.88M | $47.98M |
| YoY Growth | -23.7% | 9.2% | 72.9% | 27.1% | 8.1% | -70.4% | 156.5% | -85.7% | - |
| Cost of Revenue | $1.38M | $1.41M | $1.45M | $1.52M | $1.63M | $450K | $4.18M | $6.06M | $6.34M |
| Gross Profit | $8.95M | $12.12M | $10.95M | $5.65M | $4.01M | $4.77M | $13.46M | $822K | $41.64M |
| Gross Margin | 86.7% | 89.6% | 88.3% | 78.8% | 71.2% | 91.4% | 76.3% | 11.9% | 86.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $222K | $240K | $234K | $196K | $351K | $407K | $489K | $413K |
| Other | -$2.27M | $34K | $192 | $2K | $1K | $672K | -$581K | $229 | $142 |
| Total Operating Expenses | -$2.27M | $255K | $240K | $237K | $197K | $1.02M | -$174K | $489K | $413K |
| Operating Income (EBIT) | $11.22M | $15.7M | $2.52M | -$11.24M | $6M | $2.8M | $17.82M | $11.26M | $51.43M |
| Operating Margin | 108.7% | 116.0% | 20.3% | -156.7% | 106.4% | 53.7% | 101.0% | 163.7% | 107.2% |
| Interest Expense | $1.71M | $2.28M | $2.68M | $1.28M | $556K | $1.06M | $3.64M | $4.87M | $3.86M |
| Interest Income | $11.87M | $13.54M | $12.55M | $9.1M | $6.85M | $6.48M | $0 | $0 | $0 |
| Other Income (Expense) | -$1.71M | -$2.28M | $5.67M | -$1.28M | -$556K | -$1.06M | $0 | -$19.21M | $26.34M |
| Income Before Tax (EBT) | $9.51M | $13.43M | $8.19M | -$12.52M | $5.44M | $1.75M | $17.82M | $6.39M | $47.57M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | -$53K |
| Net Income | $9.51M | $13.43M | $8.19M | -$12.52M | $5.44M | $1.75M | $17.82M | $6.39M | $47.57M |
| Net Income Margin | 92.1% | 99.2% | 66.1% | -174.6% | 96.5% | 33.5% | 101.0% | 92.9% | 99.1% |
| Supplementary Data | |||||||||
| EPS | 1.74 | 2.45 | 1.49 | -2.29 | 0.99 | 0.32 | 3.25 | 0.40 | 2.99 |
| Diluted EPS | 1.74 | 2.45 | 1.49 | -2.26 | 0.99 | 0.31 | 3.25 | 0.40 | 2.99 |
| Weighted Average OS | 5.48M | 5.48M | 5.50M | 5.48M | 5.49M | 5.49M | 5.49M | 15.89M | 15.89M |
| EBITDA | $11.22M | $15.7M | $10.87M | -$11.01M | $6.24M | $2.8M | $17.99M | $18.59M | $21.23M |
| EBITDA Margin | 108.7% | 116.0% | 87.7% | -153.6% | 110.6% | 53.7% | 102.0% | 270.3% | 44.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $0 | $0 | $0 | $0 | $0 | $0 | $19K | $891 | $0 |
| Short-Term Investments | $3.62M | $1.09M | $1.06M | $1.96M | $215K | $4.5M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3.62M | $1.09M | $1.06M | $1.96M | $215K | $4.5M | $19K | $891 | $0 |
| Accounts Receivable | $712K | $694K | $802K | $700K | $573K | $604K | $1.65M | $1.56M | $1.73M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $9.25M | $14.01M | $0 |
| Other Current Assets | $0 | -$694K | -$1.06M | -$1.96M | -$215K | -$4.5M | -$1.67M | -$14.01M | -$1.73M |
| Total Current Assets | $4.33M | $1.09M | $802K | $700K | $573K | $604K | $1.67M | $1.57M | $1.73M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $132.92M | $138.73M | $139.61M | $148.35M | $164.69M | $172.81M | $177.54M | $512.41M | $565.89M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $24K | $0 | $1.06M | $0 | $0 | $0 | $0 | -$512.41M | -$565.89M |
| Total Long-Term Assets | $132.95M | $138.73M | $140.67M | $148.35M | $164.69M | $172.81M | $177.54M | $512.41M | $565.89M |
| Other Assets | $0 | -$374K | $141.53M | $54K | $65K | $86K | $51K | $208K | $43K |
| Total Assets | $137.27M | $139.45M | $141.53M | $149.11M | $165.32M | $173.5M | $179.26M | $514.18M | $567.67M |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $14K | $14K | $39K | $66K | $13K | $10.44M | $1.69M | $413K | $351K |
| Short-Term Debt | $28.61M | $30.21M | $32.88M | $33M | $34.73M | $25.57M | $0 | $0 | $26.94M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$32.94M | -$34.72M | -$15.13M | $0 | $0 | -$26.59M |
| Other Current Liabilities | -$124K | -$113K | -$32.8M | -$66K | -$13K | -$10.44M | $0 | -$455K | -$351K |
| Total Current Liabilities | $28.61M | $14K | $114K | $66K | $13K | $10.44M | $1.69M | $413K | $351K |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $2.52M | $32.7M | $5.52M | $45.5M | $43.19M | $15.51M | $0 | $0 | $147.2M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $199K | $212K | $0 | $276K | $0 | $0 | $0 | $0 | -$147.2M |
| Total Long-Term Liabilities | $2.72M | $32.92M | $5.52M | $45.77M | $43.19M | $41.07M | $52.05M | $147.2M | $174.14M |
| Other Liabilities | $0 | $32.93M | $33.03M | $45.71M | $338K | $350K | $273K | $758K | $722K |
| Total Liabilities | $31.33M | $32.93M | $38.67M | $45.84M | $43.54M | $51.86M | $54.01M | $148.37M | $175.21M |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $18.48M | $1.26M | $2.06M | $0 | $0 | $0 |
| Common Stock | $55K | $55K | $55K | $55K | $55K | $55K | $55K | $159K | $159K |
| Retained Earnings | -$14.71M | -$15.19M | -$18.88M | -$18.48M | -$1.26M | -$2.06M | $202K | -$5.56M | -$2.67M |
| Comprehensive Income & Other | $0 | $0 | $0 | -$18.48M | -$1.26M | -$2.06M | $0 | $0 | $22.69M |
| Other Stockholders' Equity | $120.6M | $121.66M | $121.69M | $121.69M | $122.99M | $123.65M | $125M | $371.21M | $394.96M |
| Total Equity | $105.95M | $106.52M | $102.87M | $103.27M | $121.78M | $121.64M | $125.25M | $365.81M | $392.45M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $137.27M | $139.45M | $141.53M | $149.11M | $165.32M | $173.5M | $179.26M | $514.18M | $567.67M |
| Supplementary Data | |||||||||
| Total Debt | $31.13M | $32.7M | $38.4M | $45.5M | $43.19M | $41.07M | $52.05M | $147.2M | $174.14M |
| Net Debt | $31.13M | $32.7M | $38.37M | $45.5M | $43.19M | $41.07M | $52.03M | $147.2M | $174.14M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | $9.51M | $13.43M | $8.19M | -$12.52M | $5.44M | $1.75M | $17.82M | $6.39M | $47.57M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$18K | $109K | -$102K | -$128K | $31K | $1.04M | -$84K | $168K | -$150K |
| Inventory | $0 | $0 | $0 | -$253 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $13K | -$47K | -$14K | $256K | -$10.32M | $9.03M | $909K | $14K | $25K |
| Other Working Capital | -$21K | -$274K | $205K | -$30K | -$37K | -$237K | -$120K | $75K | -$138K |
| Total Working Capital Change | -$27K | -$212K | $90K | $98K | -$10.32M | $9.84M | $705K | $257K | -$161K |
| Other Non-Cash Items | -$1.3M | $1.94M | -$218K | $16.34M | $8.12M | $4.73M | $334.86M | $53.48M | -$21.69M |
| Net Cash from Operating | $8.19M | $15.16M | $8.06M | $3.91M | $3.24M | $16.31M | $353.39M | $60.13M | $25.71M |
| Investing Activities | |||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$30.41M | -$34.31M | -$47.33M | -$71.09M | -$125.09M | -$180.04M | -$731.12M | -$277.24M | -$479.14M |
| Sales of Investments | $36.29M | $28.32M | $40.33M | $71.47M | $119.95M | $180.77M | $392.43M | $222.08M | $482.15M |
| Other Investing Activities | $0 | $0 | $14M | -$762K | $10.29M | -$1.46M | $677.37M | $0 | $0 |
| Net Cash from Investing | $5.88M | $5.98M | $7M | -$381K | $5.15M | -$731K | $338.68M | $55.16M | -$3.01M |
| Financing Activities | |||||||||
| Debt Repaid | - | $3M | $7.87M | -$2.08M | -$2.06M | $10.98M | $95.15M | $26.94M | -$26.94M |
| Common Stock Issuance | $0 | $0 | $0 | $172K | $0 | $0 | $240.29M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$172K | $0 | $0 | -$240.29M | $0 | $0 |
| Dividends Paid | -$10.09M | -$9.77M | -$8.59M | -$5.82M | -$5.3M | -$5.36M | -$18.08M | -$33.03M | -$52.72M |
| Other Financing Activities | $0 | -$272K | $503K | $0 | $0 | $0 | $0 | -$12.42M | $0 |
| Net Cash from Financing | -$11.68M | -$15.16M | -$15.96M | -$3.91M | -$3.24M | -$16.33M | -$353.53M | -$59.97M | -$25.78M |
| Forex Effect | -$2.39M | $0 | $0 | $0 | $0 | $731K | -$338.68M | $0 | $0 |
| Net Change in Cash | $0 | $0 | $0 | -$381K | $5.15M | -$19K | -$139K | $55.32M | -$3.08M |
| Supplementary Data | |||||||||
| Operating Cash Flow | $8.19M | $15.16M | $8.06M | $3.91M | $3.24M | $16.31M | $353.39M | $60.13M | $25.71M |
| Capital Expenditure | $3 | $3 | $0 | $0 | -$4 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $8.19M | $15.16M | $15.96M | $3.91M | $3.24M | $16.31M | $353.39M | $60.13M | $25.71M |
| Cash at Beginning | $0 | $0 | $0 | $0 | $0 | $19K | $158K | -$55.16M | $66K |
| Cash at End | $0 | $0 | $0 | -$381K | $5.15M | $0 | $19K | $158K | -$3.01M |