CEF Advisors

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Nuveen Municipal Credit Opportunities Fund (NMCO)

National Muni Bond Funds - Muni High Yield

Data as of July 7, 2020
Market Price $12.80 (+ $0.24)
NAV (July 7, 2020) $12.88 (+ $0.02)
Premium / Discount -0.62% (+1.71%)
Fund Info
Inception Sept. 16, 2019
Sponsor Nuveen Fund Advisors
Website https://www.nuveen.com...
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 53,268,524
Total Assets (Reported: May 31, 2020) $1,099M
Estimated Total Assets $1,162M
Net Assets $686M
Market Cap $682M
Purchases Turnover %
Sales Turnover %
Total Leverage 42.13%
Structural Leverage (out of total) 97.18%
Portfolio Leverage (out of total) 2.82%
Expense Ratio 2.11%
Non Lev Exp Ratio 1.27%
Rel Lev Cost 1.15%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -10.68%
Discount High(3 Yr) 10.38%
Discount Rel Range 47.74%
Comp Discount 4.93
Discount St Dev (1Yr)
Z-Stat (6mo) 0.49
Z-Stat (1Yr)
Z-Stat (3Yr)
Comp Z-Stat (6mo) 0.49
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 5.81%
Income Yield 5.81%
Lev Adj NAV Yield 4.06%
Distribution Frequency M
Current Distribution $0.062
Current Income $0.062
Ex-Date 7/14/20
Payable Date 8/3/20
Div Growth (3yr) %
Dividend Change 18.1% on 7/1/20
Expected Div 8/3/20
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $1,802
Avg Volume 30 day 134,254
Avg Volume 90 day 140,768
Volume Trend -4.63%
Comp Volume Trend 4.31%
Correlation & Volatility
NAV - Price Correlation (30 d) 48.5%
NAV - Price Correlation (90 d) 83.9%
NAV - Price Correlation (1 Yr) %
Price St Dev (1Yr) %
NAV St Dev (1Yr) %
Earnings / Share (5/31/20) $0.062
Earn Coverage 100.16%
Earnings Trend Up
UNII / Share (5/31/20) $-0.055
Rel UNII -7.38
UNII Trend Down
Bond Specific Data
Maturity 22.67
Duration 19.02
Credit Rating (rbo) BB
Investment Grade 18.90%
Non Investment Grade 27.00%
Unrated Bonds 54.20%
Average Bond Price 42.78
Discount vs Price -57.84
Coupon 5.43%
Zero Coupon 23.35%
AMT 19.18%
AMT Yield 5.50%
Bond Calls Risk 17.40%
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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