Nuveen Preferred & Income Opportunities Fund
Nuveen Preferred & Income Opportunities Fund
Fund classification
Classified from what the fund holds · as of 2026 Q2
Nuveen Preferred & Income Opportunities Fund is an actively managed global bond closed-end fund.
- Asset class
- Bonds
- Region
- Global
- Management
- Actively managed
- Fund type
- Closed-end fund
- Credit quality
- Mixed credit
- Rate sensitivity
- Intermediate duration
Fund profile
This fund files no prospectus profile. Unit investment trusts and closed-end funds register on forms that carry no objective or fee tagging, and some fund families file without it — a gap in what was filed, not a fund without an objective or without fees.
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 137.13% |
| Stocks | 13.34% |
| Derivatives | 5.32% |
| Securitized | 0.00% |
| Cash & short-term | -20.55% |
These positions come to 135.25% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Financials | 46.5% |
| International | 30.7% |
| Other | 11.1% |
| Utilities | 5.6% |
| 9 smaller | 6.1% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Chicago Board of Trade ×2, Wells Fargo & Co, BNP Paribas SA, HSBC Holdings PLC, The Charles Schwab Corp, UniCredit SpA, Ally Financial Inc
Largest exited: Chicago Board of Trade ×2, CHARLES SCHWAB CORP, WELLS FARGO & COMPANY, EMERA INC, HSBC HOLDINGS PLC, FMC Corp, PNC FINANCIAL SERVICES
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 98.7% |
| Floating rate | 1.3% |
Share of the fund's debt value in each maturity band, shortest first.
| 3-5y | 1.0% |
| 10y+ | 25.9% |
| Unknown | 73.1% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 53% |
| Interest rates | 47% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +4.06 yr |
| High yield | +2.88 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 3 mo | 0.35 yr | 6% |
| 10 yr | 0.30 yr | 5% |
| 30 yr | 5.61 yr | 90% |
1 yr and 5 yr are NEGATIVE (-0.05 yr, -0.00 yr) — a deliberate hedge at that point on the curve, so they are not part of the band above.
| 1 yr | 0.01 yr | 0% |
| 5 yr | 0.03 yr | 0% |
| 10 yr | 0.31 yr | 5% |
| 30 yr | 6.59 yr | 95% |
3 mo is NEGATIVE (-0.00 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.35 | +0.00 | -0.00 | $0 | -$3 |
| 1 yr | -0.05 | +0.01 | +0.00 | $3.5k | $691 |
| 5 yr | -0.00 | +0.02 | +0.00 | $7.0k | $1.2k |
| 10 yr | +0.30 | +0.22 | +0.09 | $69.8k | $28.0k |
| 30 yr | +5.61 | +3.80 | +2.78 | $1.19m | $867.2k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Chicago Board of Trade | 4.84% | $150.85M | — |
| — | Barclays PLC9.63% | 2.94% | $91.79M | — |
| — | NatWest Group PLC8.13% | 2.51% | $78.29M | — |
| — | TRUIST FINANCIAL CORP6.67% | 2.35% | $73.36M | — |
| — | HSBC Holdings PLC6.95% | 2.25% | $70.28M | — |
| — | JPMorgan Chase & Co6.88% | 2.25% | $70.14M | — |
| — | Banco Santander SA8.00% | 2.13% | $66.25M | — |
| — | UBS Group AG9.25% | 2.01% | $62.75M | — |
| — | Citigroup Inc7.63% | 1.99% | $62.00M | — |
| — | BNP Paribas SA8.00% | 1.94% | $60.43M | — |
Top 10 positions are 25.22% of net assets, top 25 49.08%, across 161 issuers.
See more of this fund's book
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