The Nuveen Preferred & Income Securities Fund of Benef.Interest (ticker: JPS) is a mutual fund that primarily invests in preferred and income securities. These types of securities typically offer a fixed rate of return and are considered less risky than common stocks. The fund aims to provide investors with a steady stream of income through a diversified portfolio of preferred stocks, convertible securities, and other income-producing assets. It may also invest in high-quality corporate bonds and government securities. With a focus on generating income, this fund may be suitable for investors seeking a more conservative investment option.