CEF Advisors

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Nuveen Municipal 2021 Target Term Fund (NHA)

National Muni Bond Funds - Muni High Yield

Data as of April 3, 2020
Market Price $9.46 (- $0.04)
NAV (April 3, 2020) $9.77 (+ $0.02)
Premium / Discount -3.17% (-0.61%)
Fund Info
Inception Jan. 27, 2016
Sponsor Nuveen Fund Advisors
Website https://www.nuveen.com...
Objective: High level of current income exempt from federal income tax and to return the Original $9.85 net asset value per common share on or about March 1, 2021
Related Indexes
High Yield Municipal Index
Term Municipal Fund Index
Capital & Leverage
Outstanding Shares 8,622,711
Total Assets (Reported: Feb. 28, 2020) $85M
Estimated Total Assets $84M
Net Assets $84M
Market Cap $82M
Purchases Turnover 7.70%
Sales Turnover 34.42%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 0.70%
Non Lev Exp Ratio 0.70%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -1.23%
Discount Low(3 Yr) -6.44%
Discount High(3 Yr) 6.42%
Discount Rel Range 25.44%
Comp Discount 4.68
Discount St Dev (1Yr) 1.01
Z-Stat (6mo) -1.40
Z-Stat (1Yr) -1.54
Z-Stat (3Yr) -0.93
Comp Z-Stat (6mo) 0.01
Comp Z-Stat (3Yr) 1.04
Distribution Data
Market Yield 1.65%
Income Yield 1.65%
Lev Adj NAV Yield 1.60%
Distribution Frequency M
Current Distribution $0.013
Current Income $0.013
Ex-Date 4/14/20
Payable Date 5/1/20
Div Growth (3yr) -35.00%
Dividend Change -13.3% on 3/2/20
Expected Div 5/1/20
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $272
Avg Volume 30 day 44,882
Avg Volume 90 day 28,768
Volume Trend 56.01%
Comp Volume Trend -0.74%
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 Municipal Index
Most Correlated Peer (Mk Pr): RMI 79.0%
NAV - Price Correlation (30 d) 93.4%
NAV - Price Correlation (90 d) 95.6%
NAV - Price Correlation (1 Yr) 85.2%
Price St Dev (1Yr) 7.7%
NAV St Dev (1Yr) 2.0%
Earnings / Share (2/29/20) $0.014
Earn Coverage 108.46%
Earnings Trend Down
UNII / Share (2/29/20) $0.070
Rel UNII 45.06
UNII Trend Down
Bond Specific Data
Maturity 4.22
Duration 0.82
Credit Rating (rbo) BBB
Investment Grade 60.80%
Non Investment Grade 23.60%
Unrated Bonds 15.70%
Average Bond Price 102.10
Discount vs Price -1.07
Coupon 4.56%
Zero Coupon 4.00%
AMT 16.20%
AMT Yield 1.57%
Bond Calls Risk 16.90%
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 Municipal 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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