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As of May 9, 2016, Nuveen Quality Preferred Income Fund 3 has been acquired by Nuveen Preferred Securities Income Fund. Nuveen Quality Preferred Income Fund 3 is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors, LLC and Spectrum Asset Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade preferred securities rated Baa or BBB or better by Moody's, Fitch, or Standard & Poor's Corporation. It benchmarks the performance of its portfolio against the Barclays Capital Aggregate Bond Index and a composite benchmark comprising of 55% Merrill Lynch Core Fixed Rate Preferred Securities Index and 45% of the Barclays Capital Tier 1 Capital Securities Index. Nuveen Quality Preferred Income Fund 3 was formed on October 17, 2002 and is domiciled in the United States.
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