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.