Nuveen Preferred Securities Fund - Cl C (NPSCX)

The Nuveen Preferred Securities Fund - Cl C (NPSCX) is a mutual fund that primarily invests in preferred securities, which are hybrid securities that have characteristics of both stocks and bonds. These securities typically offer a fixed dividend payment and have a higher priority in receiving payments compared to common stocks. The fund aims to provide investors with a steady stream of income through its investments in preferred securities issued by companies across various industries. It is managed by Nuveen, a leading investment management firm, and is classified as a Class C fund, which typically has a higher expense ratio but may offer lower initial investment requirements.