Nuveen Credit Opportunities 2022 Target Term Fund (JCO) Stock
The Nuveen Credit Opportunities 2022 Target Term Fund (JCO) is structured as a closed-end mutual fund, focusing its investments within the fixed income sector. Established by Nuveen Investments, Inc., the fund receives joint oversight from Nuveen Fund Advisors, LLC, and Symphony Asset Management.
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About Nuveen Credit Opportunities 2022 Target Term Fund
The Nuveen Credit Opportunities 2022 Target Term Fund (JCO) is structured as a closed-end mutual fund, focusing its investments within the fixed income sector. Established by Nuveen Investments, Inc., the fund receives joint oversight from Nuveen Fund Advisors, LLC, and Symphony Asset Management. Its investment strategy primarily targets the United States' fixed income landscape, concentrating on corporate debt instruments such as bonds and senior loans. A critical selection criterion for its holdings is an investment-grade credit rating of at least BBB- from S&P, alongside a specific maturity date of June 1, 2022. To build its portfolio, the fund utilizes a comprehensive fundamental analysis, employing a bottom-up stock-picking approach. This involves a thorough examination of factors like industry dynamics, the operational models of companies, the inherent quality of assets, and an assessment of relative value to inform investment decisions. This fund, domiciled in the United States, began its operations on September 28, 2016.
Nuveen Credit Opportunities 2022 Target Term Fund is headquartered in US.
Nuveen Credit Opportunities 2022 Target Term Fund (JCO) stock trades at $7.95 with a market capitalization of $220.81M. The stock is valued at a price-to-earnings (P/E) ratio of 24.84, price-to-book of 0.97, price-to-sales of 24.55. Over the past 52 weeks the stock has ranged between $7.94 and $7.96, and currently trades at its 52-week high. It pays a dividend yielding 5.60%.
On profitability, Nuveen Credit Opportunities 2022 Target Term Fund generates a return on equity (ROE) of 3.86%, return on capital employed of 3.88%, an operating margin of 97.94%, a net profit margin of 97.94%.
Official website: www.nuveen.com/CEF/Product/Overview.aspx?fundcode=JCO