Nuveen Preferred and Income Term Fund is a close ended balanced mutual fund launched by Nuveen Investments Inc The fund is comanaged by Nuveen Fund Advisors LLC and Nuveen Asset Management LLC It invests into public equity and fixed income markets across the globe The fund seeks to invest in stocks of companies that are operating in financial services sectors such as bank insurance REITs and utility companies It primarily invests in preferred securities and other income producing securities including debt securities hybrid securities and convertible securities At least 60 of the funds assets are rated investment grade ie BBBBaa or better by one of the nationally recognized statistical rating organizations It employs fundamental and quantitative analysis with focus a on bottomup fundamental credit research to create its portfolio The fund benchmarks the performance of its portfolio against the Bank of AmericaMerrill Lynch Preferred Stock Fixed Rate Index Nuveen Preferred and Income Term Fund was founded on July 26 2012 and is domiciled in the United States