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Nuveen Municipal Credit Opportunities Fund (NMCO)

National Muni Bond Funds - Muni High Yield

Data as of Feb. 23, 2024
Market Price $10.44 (+ $0.04)
NAV (Feb. 23, 2024) $11.60 (+ $0.03)
Fund Listed NYSE
Premium / Discount -10.00% (+0.11%)
Fund Info
Inception Sept. 16, 2019
Sponsor Nuveen Fund Advisors
Website https://www.nuveen.com...
Location Illinois
Incorporated Massachusetts
Staggered Board Yes
Term Date Oct. 1, 2031
Objective: seeks to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return
Related Indexes
High Yield Municipal Index
Term Municipal Fund Index
Tax-Sensitive Income Index
Capital & Leverage
Outstanding Shares 54,801,890
Total Assets (Reported: Dec. 31, 2023) $1,061M
Estimated Total Assets $1,077M
Net Assets $636M
Market Cap $572M
Portfolio Turnover 34.00%
Total Leverage 40.97%
Structural Leverage (out of total) 95.41%
Portfolio Leverage (out of total) 4.59%
Expense Ratio 4.79%
Non Lev Exp Ratio 1.67%
Rel Lev Cost 4.49%
Discount Data
Average Discount (3 Yr) -4.20%
Discount Low(3 Yr) -14.40%
Discount High(3 Yr) 2.40%
Discount Rel Range (3 Yr) 25.51%
Comp Discount -0.14
Discount St Dev (1Yr) 3.18
Z-Stat (6mo) -0.17
Z-Stat (1Yr) -0.71
Z-Stat (3Yr) -1.62
Comp Z-Stat (6mo) -1.22
Comp Z-Stat (3Yr) -0.93
Distribution Data
Market Yield 5.23%
Income Yield 5.23%
Lev Adj NAV Yield 3.34%
Distribution Frequency M
Current Distribution $0.046
Current Income $0.046
Ex-Date 2/14/24
Payable Date 3/1/24
Div Growth (3yr) -26.61%
Dividend Change -9.0% on 10/2/23
Expected Div 3/1/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $3,067
Avg Volume 30 day 214,875
Avg Volume 90 day 293,768
Volume Trend -26.86%
Comp Volume Trend -3.96%
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): NMZ 80.0%
NAV - Price Correlation (30 d) 89.7%
NAV - Price Correlation (90 d) 51.8%
NAV - Price Correlation (1 Yr) 88.4%
Price St Dev (1Yr) 15.7%
NAV St Dev (1Yr) 7.8%
Earnings / Share (1/31/24) $0.039
Earn Coverage 85.49%
Earnings Trend Up
UNII / Share (1/31/24) $-0.078
Rel UNII -14.25
UNII Trend Down
Bond Specific Data
Maturity 20.20
Duration 16.34
Credit Rating (rbo) BBB
Investment Grade 22.10%
Non Investment Grade 14.70%
Unrated Bonds 63.20%
Average Bond Price 62.48
Discount vs Price -47.52
Coupon 5.60%
Zero Coupon 12.10%
AMT 28.76%
AMT Yield 4.81%
Bond Calls Risk 28.70%
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.

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