Nuveen Taxable Municipal Income Fund

Frequently Asked Questions About NBB

What does NBB invest in?

The Nuveen Taxable Municipal Income Fund, previously identified as the Nuveen Build America Bond Fund, operates as a closed-end mutual fund concentrated on fixed-income investments. This U.S.-domiciled fund, established by Nuveen Investments, Inc. on December 4, 2009, is jointly overseen by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It primarily allocates capital within the United States' fixed income markets, specifically targeting Build America Bonds, which are taxable municipal securities. A portion of its portfolio may also be directed toward derivative instruments. The fund employs a comprehensive fundamental analysis strategy, integrating both bottom-up and top-down security selection methodologies to construct its holdings. Its investment performance is measured against the Barclays Capital Build America Bond Index.

What is the expense ratio of NBB?

Nuveen Taxable Municipal Income Fund (NBB) charges an expense ratio of 3.65%. This is the annual fee deducted from fund assets to cover management and operations.

What is NBB's dividend yield?

NBB's trailing-twelve-month yield is 7.62%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NBB?

Effective duration measures NBB's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NBB's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NBB?

NBB's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of NBB?

Yield to maturity (YTM) is the total return you'd earn from NBB if every bond in the portfolio is held to maturity at the current price. NBB's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.