Nuveen Municipal High Income Opportunity Fund

Frequently Asked Questions About NMZ

What does NMZ invest in?

Established in the United States on November 19, 2003, the Nuveen Municipal High Income Opportunity Fund operates as a closed-end fixed income mutual fund. Nuveen Investments Inc. originally launched this fund, which is now jointly managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. Its investment strategy concentrates on the US fixed income markets, specifically targeting investment-grade, tax-exempt municipal securities as its primary holdings. This fund was previously identified as the Nuveen Municipal High Yield Opportunity Fund.

What is the expense ratio of NMZ?

Nuveen Municipal High Income Opportunity Fund (NMZ) charges an expense ratio of 3.50%. This is the annual fee deducted from fund assets to cover management and operations.

What is NMZ's dividend yield?

NMZ's trailing-twelve-month yield is 8.67%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NMZ?

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

What is the credit quality of NMZ?

NMZ'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 NMZ?

Yield to maturity (YTM) is the total return you'd earn from NMZ if every bond in the portfolio is held to maturity at the current price. NMZ'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.