Nuveen Preferred Securities and Income Fund
Nuveen Investment Trust V · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Nuveen Preferred Securities and Income Fund is an actively managed global bond fund.
- Asset class
- Bonds
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Mixed credit
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2025 Q4
The Fund seeks to provide a high level of current income and total return.
The fund invests at least 80% of assets in preferred securities and hybrid securities issued by financial and non-financial companies, along with contingent capital securities (CoCos) from non-U.S. financial institutions; a sub-adviser constructs the portfolio by analyzing credit risk, diversification, call protection, and yield curve positioning to identify attractive risk-adjusted income and value. The fund holds at least 50% in investment-grade securities at purchase and may hold up to 50% in high-yield securities. Because the fund's selection depends on the sub-adviser's credit and valuation judgments, portfolio composition will vary with those assessments.
| Share class | Expense ratio |
|---|---|
| NPSAX | 1.00% |
| NPSCX | 1.75% |
| NPSRX | 0.75% |
| NPSFX | 0.68% |
Portfolio turnover 28.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 91.04% |
| Stocks | 8.38% |
| Derivatives | 5.51% |
| Cash & short-term | 4.24% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Financials | 41.8% |
| International | 31.1% |
| Other | 13.8% |
| Cash | 3.7% |
| 7 smaller | 9.5% |
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: US 10YR NOTE (CBT)Sep26, JPMorgan Chase & Co, US ULTRA BOND CBT Sep26, US LONG BOND(CBT) Sep26, Wells Fargo & Co, BNP Paribas SA, The Charles Schwab Corp, HSBC Holdings PLC
Largest exited: Chicago Board of Trade ×3, EMERA INC, Reinsurance Group of America Inc, AXIS SPECIALTY FINANCE, CITIZENS FINANCIAL GROUP, PNC FINANCIAL SERVICES
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +10.77% | +34.07% | +19.24% | 4.06% | -2.48% | |
| +9.89% | +31.11% | +14.85% | 4.04% | -2.54% | |
| +11.12% | +35.20% | +20.80% | 4.08% | -2.46% | |
| +11.10% | +35.42% | +21.16% | 4.07% | -2.44% |
These classes hold the same portfolio, so the 6.31pp spread over 5 years is the cost difference between them — roughly 1.26pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
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 | 99.0% |
| Floating rate | 1.0% |
Share of the fund's debt value in each maturity band, shortest first.
| 3-5y | 0.1% |
| 10y+ | 25.9% |
| Unknown | 74.0% |
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 | 52% |
| Interest rates | 48% |
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 | +2.87 yr |
| High yield | +2.09 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.42 yr | 9% |
| 1 yr | 0.04 yr | 1% |
| 5 yr | 0.00 yr | 0% |
| 10 yr | 0.09 yr | 2% |
| 30 yr | 3.98 yr | 88% |
| 1 yr | 0.00 yr | 0% |
| 5 yr | 0.00 yr | 0% |
| 10 yr | 0.13 yr | 3% |
| 30 yr | 4.82 yr | 97% |
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 | +0.42 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +0.04 | +0.00 | +0.00 | $841 | $0 |
| 5 yr | +0.00 | +0.00 | +0.00 | $1.4k | $0 |
| 10 yr | +0.09 | +0.09 | +0.04 | $54.8k | $23.4k |
| 30 yr | +3.98 | +2.77 | +2.05 | $1.68m | $1.24m |
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 |
|---|---|---|---|---|
| — | STATE STR NAVIGATOR SECS L TR | 4.09% | $247.85M | — |
| — | US 10YR NOTE (CBT)Sep26 | 3.57% | $216.47M | — |
| — | UBS Group AG9.25% | 2.25% | $136.11M | — |
| — | Barclays PLC9.63% | 1.76% | $106.75M | — |
| — | NatWest Group PLC8.13% | 1.61% | $97.46M | — |
| — | Banco Santander SA9.63% | 1.51% | $91.69M | — |
| — | Banco Santander SA8.00% | 1.50% | $91.18M | — |
| — | SBL HOLDINGS INC9.51% | 1.50% | $91.15M | — |
| — | NatWest Group PLC7.30% | 1.48% | $89.52M | — |
| — | Bank of Montreal7.30% · due 2084-11-26 | 1.37% | $83.29M | — |
Top 10 positions are 20.65% of net assets, top 25 37.42%, across 137 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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