Nuveen Mortgage & Income Fund

Nuveen Mortgage and Income Fund is a closed-ended fixed income mutual fund that invests in the fixed income markets of the United States. The fund, launched by Nuveen Investments, Inc., is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and Wellington Management Company LLP. It focuses on undervalued mortgage-backed securities, primarily non-agency residential mortgage-backed securities and commercial mortgage-backed securities, aiming for favorable total return potential. The fund seeks to invest in below investment grade securities. Its investment strategy involves fundamental analysis and a bottom-up stock picking approach. This approach includes rigorous analysis of the credit performance of the mortgage loan portfolios underlying the mortgage-backed securities, security structure characteristics such as payment priority, credit enhancement, and default patterns of underlying loans, and the relative financial strength of the mortgage loan servicer. The fund benchmarks its performance against the Barclays Capital U.S. Aggregate Bond Index. Formerly known as Nuveen Mortgage Opportunity Term Fund, Nuveen Mortgage and Income Fund was formed on September 10, 2009, and is domiciled in the United States.