Closed-End Funds


Nuveen Preferred and Income Term Fund (NYSE: JPI)

Fund Manager

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

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.

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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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