Thank you for your message. We will contact you shortly.
Closed-end funds
With funds investing across the spectrum of asset classes—including many that are difficult to access with other vehicles—each of our closed-end funds are designed with specific investor goals in mind, such as managing interest rate risk, income market volatility, tax efficiency and more. Explore strategies for long-term income generation.
We have expanded our offerings over 35 years with a range of innovations at the forefront of the closed-end fund marketplace, such as adding new strategies, structures, and forms of leverage—all underpinned with education and support.
From educational resources to dedicated product specialists, we aim to make sure our clients are well supported in the secondary market.
*Nuveen, Morningstar Direct as of 31 Dec 2022. Based on total managed assets of closed-end funds.
**Leverage typically magnifies the total return of a fund’s portfolio, whether that return is positive or negative, and creates an opportunity for increased common share net income as well as higher volatility of net asset value, market price, and distributions. There is no assurance that a fund’s leveraging strategy will be successful.
Visit the CEF resources page and view the distribution (19a) notices section for more information on fund performance and current estimates of the funds' distribution components.
Distribution rates represent the latest declared regular distribution, annualized, relative to the most recent daily market price and NAV. Special distributions, including special capital gains distributions, are not included in the calculation.
Funds have adopted one of three distribution approaches: income-only (IO), managed distribution (M), or level distribution (V). Historical distributions from managed distributions have included realized capital gains along with net investment income, and have also included a return of capital, representing unrealized gains or paid-in capital or both. Historical distributions under a level distribution or capital return plan approach have included a return of capital along with net investment income and may also include realized capital gains. It is important to understand these sources, and also the fund’s distribution rate relative to its NAV performance.
1 Nuveen, Morningstar Direct as of 31 Dec 2022. Based on total managed assets of closed-end funds.
2 Income may be subject to state and local taxes, as well as the federal alternative minimum tax. Capital gains, if any, are subject to capital gains tax.
Past performance is no guarantee of future results. Current performance may be higher or lower than the data shown. Returns assume reinvestment of distributions, and NAV returns are net of fund expenses.
Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested.
The premium/discount is calculated as (most recent price/most recent NAV) -1.
Average duration represents Effective Duration for Non-Leveraged funds and Leveraged-Adjusted Effective Duration for Leveraged Funds. For term definitions and index descriptions, please access the glossary in the footer.
Effective leverage is the fund’s effective economic leverage, and includes both structural leverage and the leverage effects of certain derivative investments in the fund’s portfolio. Currently, the leverage effects of Tender Option Bond (TOB) inverse floater holdings and the effects of investments in a leveraged Public-Private Investment Partnership are included in Effective Leverage values, in addition to any Structural Leverage.
You are on the site for: Financial Professionals and Individual Investors. You can switch to the site for: Institutional Investors or Global Investors
Not registered yet? Register
