Closed-End Funds

CEF

Nuveen Preferred & Income Opportunities Fund (NYSE: JPC)

Prior to market open on June 12th, 2017, the assets of the Nuveen Flexible Investment Income Fund (JPW) were merged into the Nuveen Preferred Income Opportunities Fund (JPC). For details, see the Press Release.

Fund Manager

NWQ seeks to provide consistent, long-term performance through an investment philosophy focused on attractive absolute valuations, downside protection and understanding change such as market catalysts and inflection points. The philosophy is employed through a bottom-up, disciplined, opportunistic and research-driven approach. The firm applies this philosophy and approach to a variety of products including equity strategies of all capitalizations, core and preferred fixed income strategies and balanced portfolios.
Nuveen Asset Management is a premier asset manager with a broad range of investment solutions for high net worth individuals and institutional clients. With an extensive history evaluating the municipal bond markets, Nuveen Asset Management offers our clients an approach to investing that emphasizes quality and ingenuity. Today our solutions span multiple asset classes, from traditional and specialized equity to taxable and municipal fixed income. Our heritage demonstrates quality and innovation that stand the test of time.

Manager Bios

Thomas J. Ray, CFA

Thomas J. Ray, CFA
Thomas J. Ray, CFA, is Managing Director, Head of Fixed Income and Portfolio Manager at NWQ. Prior to joining NWQ in 2015, he served as Chief Investment Officer, President and founding member of Inflective Asset Management, a boutique investment firm specializing in convertible securities, from 2001 until 2011. From 2011 until joining NWQ in 2015, Mr. Ray was a private investor. Prior to founding Inflective, Mr. Ray served as portfolio manager at Transamerica Investment Management.

Susi Budiman, CFA, FRM

Susi Budiman, CFA, FRM
Susi Budiman, CFA, FRM - Prior to joining NWQ in 2006, Susi was Portfolio Manager for China Life Insurance Company, Ltd. in Taiwan where she managed multi-sector and multi-currency fixed income portfolios with responsibility for over $1.8 billion in assets under management. Prior to that, she was a currency exchange associate at Fleet National Bank in Singapore covering Asian, Euro, UK and other major currencies.

Susi earned her bachelors degree in Finance from the University of British Columbia and holds an M.B.A. from the University of Southern California. She earned her Chartered Financial Analyst designation from the CFA Institute in 2006 and is a member of the Los Angeles Society of Financial Analysts. She also earned her Financial Risk Manager designation in 2003.

Douglas M. Baker, CFA

Douglas M. Baker, CFA

Doug is the head of the Preferred Securities Sector Team and a member of the Fixed Income Strategy Committee, which establishes investment policy for all taxable fixed income products. He co-leads the taxable fixed income credit oversight process, which uses a rigorous structured platform for analyzing, formulating, and implementing credit strategy across the entire fixed income complex. As a senior fixed income portfolio manager, he is the lead manager for Nuveen Asset Management’s Preferred Securities related strategies, as well as a co-portfolio manager for the Mulit-Sector, Core Plus Bond, and Inflation Protected Municipal Bond strategies. Doug has managed the Preferred Securities strategy since its inception in 2006, the Multi-Sector and Core Plus strategies since 2016, and the Inflation Protected Municipal Bond strategy since 2011. He also manages Nuveen Asset Management’s municipal derivatives overlay group, where he is responsible for implementing derivatives-based hedging strategies across the Nuveen municipal bond complex.

Doug began working in the financial services industry in 1996. He joined Nuveen Asset Management in 2006 as a vice president and derivatives analyst, and later that year his responsibilities expanded to include portfolio management duties. Previously, Doug spent three years at Lehman Brothers in institutional fixed income and derivatives sales and five years at Bank of America in corporate and commercial banking.

He earned his B.S. in finance with honors from the University of Illinois and his M.B.A. in finance and economics with honors from the University of Chicago’s Graduate School of Business. Doug holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago.

Brenda Langenfeld, CFA

Brenda Langenfeld, CFA
Brenda A. Langenfeld, CFA - Brenda is a portfolio manager for the Preferred Securities Strategy and related institutional portfolios. She joined the Preferred Securities Sector Team in 2011. She is also a co-manager for the Real Asset Income Strategy, which invests in income-generating debt and equity securities from both the real estate and infrastructure segments, since 2015.

Brenda started working in the financial services industry in 2004 when she joined the firm. Prior to her portfolio management roles, she was a member of the High-Grade Credit Sector Team, responsible for trading corporate bonds. Previously, she was a member of the Securitized Debt Sector Team, trading mortgage-backed securities, assetbacked securities and commercial mortgage-backed securities.

A graduate of the University of Wisconsin–Madison, Brenda received a B.B.A. in finance and international business. She also holds the Chartered Financial Analyst designation from the CFA Institute.

CFA and Chartered Financial Analyst® are trademarks owned by the CFA Institute.

An investment in this fund presents a number of risks and is not suitable for all investors. Investors should carefully review and consider potential risks before investing. For more detailed information on the specific risks associated with this fund, please view the Overview tab.

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