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Nuveen AMT-Free Municipal Credit Income Fund

NVG

Market cap $2.45B

11.35 USD

+0.05

0.44%

At close Updated Oct 30, 3:02 PM EDT

1 day

0.44%

5 days

4.51%

1 month

6.97%

3 months

-8.84%

6 months

-10.13%

Year to date

-10.42%

1 year

-8.98%

5 years

-35.11%

10 years

-24.58%

About: Nuveen AMT-Free Municipal Credit Income Fund is a diversified, closed-end management investment company. Its objective is to provide current income exempt from regular federal income tax and federal alternative minimum tax applicable to individuals and enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the investment adviser believes are underrated or undervalued or represent undervalued municipal market sectors.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 66.7%

Neutral 33.3%

Negative 0%

NVG Vs. NEA: Nuveen's AMT-Free Municipal Bond Popular CEFs - Only For The Rich

Nuveen dominates the municipal bond CEF space, offering three AMT-free funds: NVG, NEA, and NUW, each with distinct risk and credit profiles. NVG allows up to 55% in lower-rated bonds, NEA up to 35%, and NUW maintains at least 80% investment grade, impacting risk and yield. All three funds use leverage to enhance yield, but leverage levels, bond ratings, and portfolio strategies differ, affecting volatility and income potential.

NVG Vs. NEA: Nuveen's AMT-Free Municipal Bond Popular CEFs - Only For The Rich

24/7 Wall Street

The Fed Rate Hike Just Made These 4 Muni Funds a Smarter Buy Than MUB

The Fed just handed muni bond investors a rare pricing window, but the funds worth buying are not the ones most investors already own.

The Fed Rate Hike Just Made These 4 Muni Funds a Smarter Buy Than MUB

7%+ Yielding Monthly Dividend Machines For Tax-Advantaged Retirement Income

Finding securities that generate high monthly yields is a big part of successful retirement income investing. However, taxes can eat significantly into those earnings power. I detail 2 tax-efficient 7%+ yielding monthly dividend payers to hold in a taxable account while detailing their pros and cons.

7%+ Yielding Monthly Dividend Machines For Tax-Advantaged Retirement Income

A Pair Trade Opportunity By Nuveen Municipal Credit Income Funds

I describe a pair trade opportunity between Nuveen AMT-Free Municipal Credit Income Fund and Nuveen Municipal Credit Income Fund to exploit current mispricing. NVG and NZF have very similar, highly correlated portfolios, minimizing credit and duration risk in a paired position. Currently, NZF trades at a premium while NVG is at NAV, diverging from historical discount relationships and presenting a mean reversion opportunity.

A Pair Trade Opportunity By Nuveen Municipal Credit Income Funds

NVG: Flirting With A Premium Limits Current Appeal

Nuveen AMT-Free Municipal Credit Income Fund now trades at a slight premium, continuing the trend of tighter valuation. NVG's 7.48% yield is high and getting investors' attention, but it continues to remain significantly undercovered. I would continue to avoid NVG, though it has done incredibly well thanks to going to a premium.

NVG: Flirting With A Premium Limits Current Appeal

The Motley Fool

RiverNorth Capital Trims Position in Nuveen AMT-Free Municipal Credit Income Fund

Rivernorth Capital Management reduced Nuveen AMT-Free Municipal Credit Income Fund (NVG) position by 2,033,953 shares Quarter-end position value decreased by $24.89 million, reflecting both trading and price movement Transaction represented approximately 1.21% of Rivernorth's 13F AUM Post-trade stake: 280,382 shares valued at $3.55 million The holding now represents 0.17% of AUM, placing it outside the fund's top five holdings

RiverNorth Capital Trims Position in Nuveen AMT-Free Municipal Credit Income Fund

NVG Vs. NZF: Comparing Nuveen Munis I Hold

I increased exposure to municipal bond CEFs, adding Nuveen AMT-Free Municipal Credit Income Fund and Nuveen Municipal Credit Income Fund for higher yields. NXP remains a core holding for its high quality, low leverage, and investment-grade focus, contrasting with NVG and NZF's higher yield and risk profiles. NVG and NZF deploy over 40% leverage and hold 74–75% investment-grade bonds, with notable exposure to Illinois, Texas, and California.

NVG Vs. NZF: Comparing Nuveen Munis I Hold

NVG: Tax Efficiency And High Yield In Municipal Bonds

Nuveen AMT-Free Municipal Credit Income Fund offers a 7.79% yield, monthly distributions, and AMT-free income, appealing to tax-sensitive investors. NVG trades at a 4.85% discount to NAV, below its 10-year average, enhancing its attractiveness for value-focused buyers. The NVG fund's portfolio is diversified across 1,088 holdings, with significant allocations to tax obligation, healthcare, and housing sectors.

NVG: Tax Efficiency And High Yield In Municipal Bonds

NVG: Converting Capital Into Income

NVG is a closed-end municipal bond fund, leveraging credit and interest rate risk to maximize tax-free income for high-income investors. The fund is AMT-free and targets investors facing high federal income tax rates, but its appeal is limited by its capital return distribution. A significant portion of NVG's distribution is return of capital, not earned income, which raises concerns about sustainability and suitability.

NVG: Converting Capital Into Income

NVG: Distribution Increase Leads To Expected Discount Narrowing

Several Nuveen municipal bond closed-end funds aggressively raised distributions earlier this year, one of those funds being NVG. NVG's high leverage and potential mixture of lower credit quality exposure offer higher yields, but that does come with increased risks. Despite recent Fed rate cuts, coverage of the distribution is likely to remain weak, this is likely to lead to a mix of tax-free and tax-deferred income classified distributions.

NVG: Distribution Increase Leads To Expected Discount Narrowing

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