Closed-end funds for income

Past performance does not guarantee future results. Distribution rates represent the latest declared regular distribution, annualized, relative to the most recent market price and NAV. Special distributions, including special capital gains distributions, are not included in the calculation. Historical distribution sources have included net investment income, realized gains and return of capital.

* Nuveen, Morningstar Direct as of 31 Dec 2021. Based on total managed assets of closed-end funds.

1 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. Closed-end fund historical distribution sources include net investment income, realized gains, and return of capital.

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.