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 Municipal Credit Income Fund (NZF)

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

Data as of Oct. 17, 2019
Market Price $16.04 (- $0.11)
NAV (Oct. 17, 2019) $16.67 (- $0.02)
Premium / Discount -3.78% (-0.54%)
Fund Info
Inception Sept. 25, 2001
Sponsor Nuveen Fund Advisors
Website www.nuveen.com/CEF/Pro...
Phone 800-257-8787
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
Total Assets (Reported: Sept. 30, 2019) $3,783M
Estimated Total Assets $3,711M
Net Assets $2,369M
Market Cap $2,280M
Purchases Turnover 21.13%
Sales Turnover 22.15%
Total Leverage 37.08%
Structural Leverage (out of total) 97.52%
Portfolio Leverage (out of total) 2.48%
Expense Ratio 2.61%
Non Lev Exp Ratio 1.05%
Rel Lev Cost 2.65%
Discount Data
Average Discount (3 Yr) -6.56%
Discount Low(3 Yr) -13.95%
Discount High(3 Yr) -2.47%
Discount Rel Range 88.57%
Comp Discount 0.13
Discount St Dev (1Yr) 3.03
Z-Stat (6mo) 0.06
Z-Stat (1Yr) 0.79
Z-Stat (3Yr) 1.27
Comp Z-Stat (6mo) -0.57
Comp Z-Stat (3Yr) 0.76
Distribution Data
Market Yield 4.94%
Income Yield 4.94%
Lev Adj NAV Yield 3.47%
Distribution Frequency M
Current Distribution $0.066
Current Income $0.066
Ex-Date 10/14/19
Payable Date 11/1/19
Div Growth (3yr) -13.16%
Dividend Change -5.7% on 6/1/18
Expected Div 11/1/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $4,099
Avg Volume 30 day 220,761
Avg Volume 90 day 255,555
Volume Trend -13.62%
Comp Volume Trend 2.84%
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 National Municipal Bond Index
Most Correlated Peer (Mk Pr): NVG 88.0%
NAV - Price Correlation (30 d) 84.4%
NAV - Price Correlation (90 d) 85.5%
NAV - Price Correlation (1 Yr) 97.8%
Price St Dev (1Yr) 8.6%
NAV St Dev (1Yr) 3.2%
Earnings / Share (8/31/19) $0.063
Earn Coverage 95.45%
Earnings Trend Up
UNII / Share (8/31/19) $-0.043
Rel UNII -5.48
UNII Trend Down
Bond Specific Data
Maturity 20.29
Duration 10.49
Credit Rating (rbo) A
Investment Grade 70.10%
Non Investment Grade 16.60%
Unrated Bonds 13.30%
Average Bond Price 95.98
Discount vs Price -7.80
Coupon 5.33%
Zero Coupon 15.65%
AMT 10.11%
AMT Yield 4.80%
Bond Calls Risk 13.00%
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 National Municipal 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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