Nuveen Municipal Credit Income Fund

NZF

Market cap $2.39B

Overview Fund Activity

12.33 USD

-0.05

0.4%

At close Updated Sep 17, 4:00 PM EDT

1 day

-0.4%

5 days

-1.2%

1 month

4.23%

3 months

4.58%

6 months

0.74%

Year to date

-0.08%

1 year

-5.01%

5 years

-16.35%

10 years

-8.6%

About: Nuveen Municipal Credit Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax and to enhance portfolio value relative to the municipal bond market by investing in an actively managed portfolio of tax-exempt municipal securities.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

26% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 19

0% more funds holding

Funds holding: 240 [Q1] → 240 (+0) [Q2]

7% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 74

1.07% less ownership

Funds ownership: 20.42% [Q1] → 19.35% (-1.07%) [Q2]

8% less capital invested

Capital invested by funds: $484M [Q1] → $447M (-$36.8M) [Q2]

50% less funds holding in top 10

Funds holding in top 10: 4 [Q1] → 2 (-2) [Q2]

See Fund Rankings

Financial journalist opinion

CEFs Are Becoming Less Appealing For Income Investors

The investment case for closed-end funds (CEFs) is weak now due to tight discounts, high leverage costs, and expensive underlying assets. Most CEFs do not deliver sustainable alpha, and lower-fee actively managed ETFs now offer similar exposures with better economics. We have reduced our CEF allocation, favoring alternatives like BDCs, select ETFs, preferreds, and bonds for better value and risk/reward.

CEFs Are Becoming Less Appealing For Income Investors

NZF: Large Muni Bond CEF With Attractive Yield, But Valuation Is Too High

NZF is a well-run fund with a high yield, but the valuation risk is very high now. The discount has dropped below 2%. There is a high risk of a distribution cut since the fund has not been earning its high distributions.

NZF: Large Muni Bond CEF With Attractive Yield, But Valuation Is Too High

24/7 Wall Street

Need Almost $1100 per Month in Tax-Free Income? Invest in 8 Municipal Bond ETFs

One of the only downsides to passive income from stocks and bonds is that the revenue generated from those investments is subject to federal and state income tax.

Need Almost $1100 per Month in Tax-Free Income? Invest in 8 Municipal Bond ETFs

NZF: Buy High-Yield Muni And Expect Good Return In The Next 12 Months

I rate NZF a buy, expecting a double-digit total return in the next 12 months due to attractive yields and a likely rate cut late this year. NZF's 8%+ tax-exempt yield is compelling, especially for high-income investors. The muni fund could also see price gains due to the NAV discount and favorite price move, adding total returns. Stock market such as the S&P 500 may prove to be more challenging to get double-digit gains from the current level, after the V-shape rebound.

NZF: Buy High-Yield Muni And Expect Good Return In The Next 12 Months

Municipal Update: Key Themes And Allocation Tilts

We discuss key Muni themes, including tariffs, federal funding freeze, tax exemption, and more. Muni valuations remain attractive, particularly the value of the tax exemption. We highlight the four Muni buckets where we see value.

Municipal Update: Key Themes And Allocation Tilts

24/7 Wall Street

Want Over $1000 per Month in Tax-Free Income? Buy These 8 Municipal Bond ETFs

One of the only downsides to passive income from stocks and bonds is that the revenue generated from those investments is subject to federal and state income tax.

Want Over $1000 per Month in Tax-Free Income? Buy These 8 Municipal Bond ETFs

5 Best Monthly Dividends For 2025 With Yields Up To 13.7%

Are higher interest rates and lower bond prices a sure thing for 2025? Mainstream financial pundits say yes.

5 Best Monthly Dividends For 2025 With Yields Up To 13.7%

NZF: A High Yielding, Well Run CEF, But The Distribution Is Likely Not Sustainable

NZF offers a high distribution yield of 7.33%, but its earnings coverage ratio and negative UNII suggest a possible future distribution cut. The fund's discount to NAV is currently -5.24%, below its 6-month average, indicating a less favorable buying opportunity. NZF has a leverage ratio of 39.49% and an average leverage cost of 4.28%, with a significant interest rate exposure of 12.98 years.

NZF: A High Yielding, Well Run CEF, But The Distribution Is Likely Not Sustainable

Ideas For Managing CEF Discount Volatility

Volatility in the closed-end fund, or CEF, market has recently increased, while tight discounts create a point of vulnerability for the market. We discuss various strategies investors can use to make their CEF portfolios more resilient to take advantage of future draw-downs. These strategies include focusing on likely CEF distribution changes, seeking funds with wide discounts, considering term CEFs, and riding sidecar with CEF activists.

Ideas For Managing CEF Discount Volatility

CEF Weekly Review: Managers Kick It Up A Notch In Fight With Saba

We review the CEF market valuation and performance through the first week of August and highlight recent market action. CEF performance diverged this week as higher-quality / longer duration sectors like Munis outperformed. NYSE proposed rule change could eliminate annual CEF shareholder meetings, potentially impacting shareholder activism and competition in the CEF space.

CEF Weekly Review: Managers Kick It Up A Notch In Fight With Saba

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