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Miro, I downloaded the spreadsheet for JTP from the website, and my reading of it shows the USA holdings are Treasuries -- 30-year note and 10-year note, totaling approx 25% of holdings (by value) as of May 31.

Yes, the fund has concentrated holdings in banks, financial svcs, and REITS, all of which have been hit hard recently. But these are bonds and preferreds, not common.

Again, I'm not a Nuveen salesman or anything. I'm just saying that, in my view, the discount to NAV and the monthly interest paid makes it attractive.

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