# Nuveen Municipal Credit Income Fund (NZF): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nzf for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Nuveen · Asset class: Bond - Strategy: Thematic · Inception: 2001-10-03 The Nuveen Municipal Credit Income Fund (NZF) functions as a closed-end mutual fund that concentrates on fixed-income investments, established by Nuveen Investments, Inc. Its oversight is a joint effort between Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates its capital within the fixed income markets of the United States. Its strategy involves identifying and acquiring undervalued municipal debt instruments and related investments, specifically chosen for their ability to provide income exempt from standard federal income taxes. The fund targets inve... ## Key Facts | Metric | Value | |---|---| | Price | $10.94 | | Expense Ratio | 3.61% | | Assets Under Management | $2.15B | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 8.72% | | Annual Distribution (TTM) | $0.95 /share | | Distribution Frequency | Monthly | | 52-Week Range | $10.45 – $13.02 | | Beta | 0.76 | ## Latest Distribution - Amount: $0.0795 /share - Ex-date: 2026-10-15 - Pay date: 2026-11-02 ## Frequently Asked Questions ### What does NZF invest in? The Nuveen Municipal Credit Income Fund (NZF) functions as a closed-end mutual fund that concentrates on fixed-income investments, established by Nuveen Investments, Inc. Its oversight is a joint effort between Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates its capital within the fixed income markets of the United States. Its strategy involves identifying and acquiring undervalued municipal debt instruments and related investments, specifically chosen for their ability to provide income exempt from standard federal income taxes. The fund targets investment-grade securities, requiring a rating of Baa/BBB or better, and aims for an approximate average maturity of 18 years. Portfolio creation is guided by a bottom-up security selection method, supported by thorough fundamental analysis. The performance of its portfolio is evaluated against the Standard & Poor's (S&P) National Municipal Bond Index. Formerly, this fund was known as the Nuveen Enhanced Municipal Credit Opportunities Fund. It was founded in the United States on March 21, 2001. ### What is the expense ratio of NZF? Nuveen Municipal Credit Income Fund (NZF) charges an expense ratio of 3.61%. This is the annual fee deducted from fund assets to cover management and operations. ### What is NZF's dividend yield? NZF's trailing-twelve-month yield is 8.72%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of NZF? Effective duration measures NZF's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NZF's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of NZF? NZF'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 NZF? Yield to maturity (YTM) is the total return you'd earn from NZF if every bond in the portfolio is held to maturity at the current price. NZF'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. ### Does NZF pay a dividend? Yes, Nuveen Municipal Credit Income Fund (NZF) distributes dividends to shareholders. The trailing-twelve-month yield is 8.72%. Full dividend history is on this page. ### How often does NZF pay dividends? Nuveen Municipal Credit Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is NZF's next ex-dividend date? The most recently announced ex-dividend date for NZF was 2026-10-15. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will NZF's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 3.61% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NZF charge its expense ratio? The expense ratio is deducted in tiny daily slices from NZF's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NZF cost more than a fund like VOO? NZF's strategy (current expense ratio 3.61%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where NZF sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to NZF? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as NZF (3.61%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nzf - Distribution history: https://www.dividenddata.com/funds/nzf/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nzf/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nzf/expenses - Peer comparison: https://www.dividenddata.com/funds/nzf/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.