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Nuveen Mortgage Opportunity Term Fund 2 (Nuveen Mortgage Opportunity Term Fund 2) Scaled Net Operating Assets : 1.01 (As of Jun. 2019)


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What is Nuveen Mortgage Opportunity Term Fund 2 Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nuveen Mortgage Opportunity Term Fund 2's operating assets for the quarter that ended in Jun. 2019 was $158.12 Mil. Nuveen Mortgage Opportunity Term Fund 2's operating liabilities for the quarter that ended in Jun. 2019 was $1.20 Mil. Nuveen Mortgage Opportunity Term Fund 2's Total Assets for the quarter that ended in Dec. 2018 was $155.13 Mil. Therefore, Nuveen Mortgage Opportunity Term Fund 2's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2019 was 1.01.

Nuveen Mortgage Opportunity Term Fund 2 Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nuveen Mortgage Opportunity Term Fund 2's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2018 )
=(Operating Assets (A: Dec. 2018 )-Operating Liabilities (A: Dec. 2018 ))/Total Assets (A: Dec. 2017 )
=(155.115-0.447)/170.317
=0.91

where

Operating Assets(A: Dec. 2018 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=155.128 - 0.013
=155.115

Operating Liabilities(A: Dec. 2018 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=46.647 - 46.2 - 0
=0.447

Nuveen Mortgage Opportunity Term Fund 2's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2019 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2019 )
=(Operating Assets (Q: Jun. 2019 )-Operating Liabilities (Q: Jun. 2019 ))/Total Assets (Q: Dec. 2018 )
=(158.124-1.202)/155.128
=1.01

where

Operating Assets(Q: Jun. 2019 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=158.124 - 0
=158.124

Operating Liabilities(Q: Jun. 2019 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=48.432 - 47.23 - 0
=1.202

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nuveen Mortgage Opportunity Term Fund 2 Scaled Net Operating Assets Related Terms

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Nuveen Mortgage Opportunity Term Fund 2 (Nuveen Mortgage Opportunity Term Fund 2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Website
http://www.nuveen.com
Nuveen Mortgage Opportunity Term Fund 2 is a non-diversified, closed-end management investment company. Its investment objective is to generate attractive total returns through opportunistic investments in mortgage-backed securities (MBS).
Executives
Jon Scott Meissner officer: Vice President 333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Jacques M Longerstaey officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brian J Lockhart officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
E. Scott Wickerham officer: Vice C/O NUVEEN, STE 3400, CHICAGO IL 60606
Amy B Kramer officer: Officer of Investment Adviser 280 CONGRESS STREET, BOSTON MA 01867
William T. Meyers officer: Vice President C/O NUVEEN, 333 W. WACKER DRIVE, CHICAGO IL 60606
Gifford R Zimmerman officer: Chief Administrative Officer 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Si Ping Yu officer: Officer of Investment Adviser 280 CONGRESS STREET, BOSTON MA 02210
Carl Dirk Enderlein officer: Officer of Investment Adviser 280 CONGRESS STREET, BOSTON MA 02210
Michael A Perry officer: Vice President 101 PARK AVENUE, SUITE 1400, OKLAHOMA CITY OK 73102
William A Siffermann officer: Vice President C/O NUVEEN, 333 W. WACKER DRIVE, CHICAGO IL 60606
Young L Robert other: Trustee 1111 POLARIS PARKWAY, COLUMBUS OH 43240
Nuveen Fund Advisors, Llc other: Investment Adviser 333 W. WACKER DRIVE, CHICAGO IL 60606
Mary K. Shannon officer: Officer of Investment Adviser 280 CONGRESS STREET, BOSTON MA 02210
Gregory A Mattiko officer: Officer of Investment Adviser 280 CONGRESS STREET, BOSTON MA 02210