CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Nuv Muni Cr Incm Fd (NZF)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of Dec. 13, 2017
Current
Market Price $15.34 (- $0.03)
NAV (Dec. 13, 2017) $16.16 (+ $0.08)
Premium / Discount -5.07% (-0.66%)
Fund Info
Inception Sept. 25, 2001
Sponsor Nuveen Fund Advisors
Website www.nuveen.com/CEF/Pro...
Phone 800-257-8787
NAV Symbol XNZFX
Objective: Current income exempt from regular federal income tax; investment grade municipal securities
Related Indexes
12 Major CEF Sectors Index
National Municipal Bond Index
Tax-Sensitive Income Index
Capital & Leverage
Outstanding Shares 142,125,906
Gross Assets $3,556M
Net Assets $2,297M
Market Cap $2,180M
Purchases Turnover 27.84%
Sales Turnover 29.60%
Total Leverage 36.30%
Structural Leverage (out of total) 34.11%
Portfolio Leverage (out of total) 2.19%
Expense Ratio 2.10%
Non Lev Exp Ratio 1.04%
Rel Lev Cost 1.86%
Discount Data
Average Discount (3 Yr) -8.78%
Discount Low(3 Yr) -13.70%
Discount High(3 Yr) -3.78%
Discount Rel Range 86.94%
Comp Discount -1.44
Discount St Dev (1Yr) 0.93
Z-Stat
Z-Stat (6mo) 0.11
Z-Stat (1Yr) 0.67
Z-Stat (3Yr) 1.22
Comp Z-Stat (6mo) 0.87
Comp Z-Stat (3Yr) 1.25
Distribution Data
Market Yield 5.48%
Income Yield 5.48%
Lev Adj NAV Yield 3.81%
Distribution Frequency M
Current Distribution $0.070
Current Income $0.070
Ex-Date 12/14/17
Payable Date 12/29/17
Div Growth (3yr) 12.00%
Dividend Change -5.4% on 12/1/17
Expected Div 1/2/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $4,044
Avg Volume 30 day 275,179
Avg Volume 90 day 263,654
Volume Trend 4.37%
Comp Volume Trend -2.51%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
-2.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
43.0%
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
86.0%
Most Correlated Peer (Mk Pr): NVG 92.0%
NAV - Price Correlation (30 d) 73.8%
NAV - Price Correlation (90 d) 37.8%
NAV - Price Correlation (1 Yr) 96.7%
Price St Dev (1Yr) 5.6%
NAV St Dev (1Yr) 3.6%
Earnings
Earnings / Share (10/31/17) $0.070
Earn Coverage 100.29%
Earnings Trend Down
UNII / Share (10/31/17) $0.015
Rel UNII 1.79
UNII Trend Down
Bond Specific Data
Maturity 21.12
Duration 12.98
Credit Rating (rbo) BBB
Investment Grade 70.80%
Non Investment Grade 20.80%
Unrated Bonds 8.40%
Average Bond Price 90.77
Discount vs Price -14.30
Coupon 5.41%
Zero Coupon 13.80%
AMT 8.10%
AMT Yield 5.35%
Bond Calls Risk 14.80%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
-0.12
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.02
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index
1.01

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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