Nuveen AMT-Free Municipal Credit Income Fund

Frequently Asked Questions About NVG

What does NVG invest in?

Nuveen AMT-Free Municipal Credit Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments exempt from regular federal income taxes that are rated Baa/BBB or better by S&P, Moody’s, or Fitch, and that have an average maturity of 17.02 years. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against Standard & Poor’s (S&P) Insured Municipal Bond Index. It was formerly known as Nuveen Insured Dividend Advantage Municipal Fund. It was formerly known as Nuveen Enhanced AMT-Free Municipal Credit Opportunities Fund. Nuveen AMT-Free Municipal Credit Income Fund was formed on July 12, 1999 and is domiciled in the United States.

What is the expense ratio of NVG?

Nuveen AMT-Free Municipal Credit Income Fund (NVG) charges an expense ratio of 3.64%. This is the annual fee deducted from fund assets to cover management and operations.

What is NVG's dividend yield?

NVG's trailing-twelve-month yield is 7.68%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NVG?

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

What is the credit quality of NVG?

NVG'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 NVG?

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