Understanding Closed-End Funds


1: Closed-End Fund Types & Strategies

Find out more about the types of closed-end funds we offer and their investment strategies using the chart below.

So, why the variety? Depending on the assets and strategies they use, our funds offer payouts based mostly on investment income like dividends and interest, or based on a combination of income and expected capital appreciation. They also feature other potential benefits and potential risks. From funds investing in single assets like municipal bonds or equities to multi-asset combinations using several different instruments to help deliver their investment objectives and cash flow, Nuveen's closed-end products are designed to meet the needs of a wide range of investors and investment needs.

Next: What is Leverage in a Closed-End Fund?

Related to Leverage


Income-oriented closed-end funds make payouts largely from interest and dividends.

Income and capital appreciation funds seek regular cash flow made up of interest and dividends, with the remainder from capital appreciation or, if necessary, return of capital.

Capital appreciation and income closed-end funds seek cash flow mainly from capital appreciation.

Single-asset-class funds invest primarily in one asset class, which can be used as components in a well-diversified income portfolio.

Pre-packaged combinations are funds featuring multiple asset types, which are designed to work together to diversify fund cash flow risks.
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