Nuveen AMT-Free Municipal Credit Income Fund
NVG
Market cap $2.52B

11.78 USD

-0.15

1.26%

At close Jun 13, 4:00 PM EDT

1 day

-1.26%

5 days

-0.34%

1 month

-1.75%

3 months

-6.36%

6 months

-7.54%

Year to date

-5.31%

1 year

-4.54%

5 years

-23.90%

10 years

-14.39%

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

0

Funds holding %

of 7,296 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

42% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 57

0.75% less ownership

Funds ownership: 18.02% [Q4 2024] → 17.27% (-0.75%) [Q1 2025]

7% less funds holding

Funds holding: 271 [Q4 2024] → 253 (-18) [Q1 2025]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q4 2024] → 3 (-1) [Q1 2025]

40% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 40

48% less capital invested

Capital invested by funds: $888M [Q4 2024] → $458M (-$431M) [Q1 2025]

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for NVG.

See Analyst Rankings

Financial journalist opinion

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

NVG: Muni Fund To Buy Hand Over Fist

Market conditions are very favorable to own long duration and top credit Muni funds, with rate cut expected and a slowing economy. NVG is a top Muni fund with 7.3% tax-exempt yield and 9.4% NAV discount. NVG's high leverage is expected to work well in the rate-declining cycle.

NVG: Muni Fund To Buy Hand Over Fist

Nuveen Closed-End Funds Declare Distributions

NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Additionally, several funds have announced distribution increases of up to 71%. The distribution.

Nuveen Closed-End Funds Declare Distributions

NVG: 3 Reasons To Be Cautious Despite Large Discount To NAV

The Nuveen AMT-Free Municipal Credit Income Fund is a popular CEF with over $4 billion in managed assets. NVG trades at a significant discount to NAV, but there are several negative factors that make it unattractive compared to other similar products. Negatives include a high expense ratio, weak historical risk-adjusted returns, and a high cost of leverage relative to underlying asset yield.

Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies

NEW YORK--(BUSINESS WIRE)--Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the regular monthly and quarterly distributions. In addition, the Board of Trustees has approved updated distribution polices described below under “Monthly & Quarterly Distributions” for The Nuveen Preferred & Income Opportunities Fund (NYSE: JPC), Nuveen Preferred and Income Term Fund (NYSE: JPI), Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD), Nuveen.

Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies

See News Rankings

Charts implemented using Lightweight Charts™