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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Nuveen High Income November 2021 Target Term Fund (JHB)

Taxable Bond Funds - High Yield Bond Funds

Data as of Dec. 12, 2019
Market Price $10.02 (- $0.02)
NAV (Dec. 12, 2019) $9.93 (- $0.03)
Premium / Discount 0.91% (+0.10%)
Fund Info
Inception Aug. 23, 2016
Sponsor Nuveen Fund Advisors
Website https://www.nuveen.com...
Objective: high level of current income and return the original $9.85 net asset value per common share on or about November 1, 2021.
Related Indexes
High Yield Bond Index
60/40 Balanced (w/ BDCs) Index
US Bond Index
Capital & Leverage
Outstanding Shares 55,871,646
Total Assets (Reported: Oct. 31, 2019) $760M
Estimated Total Assets $762M
Net Assets $555M
Market Cap $560M
Purchases Turnover 36.96%
Sales Turnover 38.15%
Total Leverage 27.22%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.03%
Non Lev Exp Ratio 0.97%
Rel Lev Cost 2.83%
Discount Data
Average Discount (3 Yr) -1.71%
Discount Low(3 Yr) -6.32%
Discount High(3 Yr) 1.41%
Discount Rel Range 92.11%
Comp Discount 5.33
Discount St Dev (1Yr) 1.15
Z-Stat (6mo) 1.71
Z-Stat (1Yr) 1.52
Z-Stat (3Yr) 1.48
Comp Z-Stat (6mo) 1.39
Comp Z-Stat (3Yr) 0.82
Distribution Data
Market Yield 4.97%
Income Yield 4.97%
Lev Adj NAV Yield 3.94%
Distribution Frequency M
Current Distribution $0.042
Current Income $0.042
Ex-Date 12/12/19
Payable Date 12/31/19
Div Growth (3yr) -17.00%
Dividend Change -10.8% on 3/1/19
Expected Div 1/2/20
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2018 2016 - 2018
Income 96.6% 98.9%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 3.4% 1.1%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $755
Avg Volume 30 day 87,891
Avg Volume 90 day 75,365
Volume Trend 16.62%
Comp Volume Trend 3.18%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's High Yield Bond Index
Most Correlated Peer (Mk Pr): VLT 56.0%
NAV - Price Correlation (30 d) 71.6%
NAV - Price Correlation (90 d) -12.4%
NAV - Price Correlation (1 Yr) 91.0%
Price St Dev (1Yr) 7.3%
NAV St Dev (1Yr) 2.8%
Earnings / Share (10/31/19) $0.041
Earn Coverage 98.55%
Earnings Trend Down
UNII / Share (10/31/19) $0.116
Rel UNII 23.31
UNII Trend Down
Bond Specific Data
Maturity 1.36
Duration 1.66
Credit Rating (rbo) BB
Investment Grade 16.60%
Non Investment Grade 82.30%
Unrated Bonds 1.20%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's High Yield Bond Index


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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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