Nuveen Municipal Credit Opportunities Fund

Nuveen Build America Bond Fund

Nuveen Dynamic Municipal Opportunities Fund

Nuveen Municipal High Income Opportunity Fund

NEW YORK , April 10, 2023 /PRNewswire/ -- Effective immediately, portfolio manager responsibilities for Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ),  Nuveen Taxable Municipal Income Fund (NYSE: NBB), Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO), and Nuveen Dynamic Municipal Opportunities Fund (NYSE: NDMO) have been updated.

Nuveen Closed-End Funds Announce Updates to Certain Portfolio Management Teams

BlackRock Municipal 2030 Target Term Trust

Eaton Vance

Nuveen Quality Municipal Income Fund

Tax-exempt municipal bonds have had a tough ride since 2022; however, the sector enjoys a number of current and upcoming tailwinds. These tailwinds include a stabilization and likely increase in net income once the Fed starts to reverse the policy rate, likely further gains in the NAV and historically wide discounts.

Municipal CEF Sector Update: A Trio Of Tailwinds

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

BlackRock Taxable Municipal Bond Trust

BlackRock Municipal Income Quality Trust

Central and Eastern Europe Fund

Calamos Convertible Opportunities And Income Fund

Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc.

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Credit Suisse High Yield Bond Fund

DoubleLine Yield Opportunities Fund

Eagle Point Income Company Inc

Eaton Vance National Municipal Opportunities Trust

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

John Hancock Preferred Income Fund

Ivy High Income Opportunities Fund

Nuveen Core Equity Alpha Fund

Macquarie Global Infrastructure Total Return Fund Inc

Pioneer Municipal High Income Opportunities Fund

Nuveen AMT-Free Municipal Credit Income Fund

Pimco California Municipal Income Fund II

PIMCO Dynamic Income Opportunities Fund

Pimco New York Municipal Income Fund

RiverNorth Flexible Muncpl Incme Fnd Inc

RiverNorth Opportunities Fund, Inc.

Cohen & Steers Reit And Preferred Income Fund Inc

Cushing MLP & Infrastructure Total Return Fund

Delaware Investments

2 out of 23 CEF sectors positive on price and 4 out of 23 sectors positive on NAV last week. DEX will merge with AGD.

Weekly Closed-End Fund Roundup: DEX Will Merge With AGD, Tender Next January (December 11, 2022)

John Hancock Financial Opportunities Fund

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

Stone Harbor Emerging Markets Income Fund

Stone Harbor Emerging Markets Total Income Fund

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

First Trust / Aberdeen Emerging Opportunity Fund

Gabelli Equity Trust

Gabelli Convertible and Income Securities Fund

BlackRock Corporate High Yield Fund

Madison Fund

Nuveen Arizona Quality Municipal Income Fund

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Tortoise Energy Independence Fund, Inc.

Nuveen Missouri Quality Municipal Income Fund

Tortoise MLP Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Putnam High Income Securities Fund

Columbia Seligman Premium Technology Growth Func Inc

Tortoise Power and Energy Infrastructure Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

Virtus Total Return Fund

0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.

Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)

Blackrock Long-Term Municipal Advantage Trust

Dreyfus Municipal Bond Infrastructure Fund

Dreyfus Strategic Municipals Inc

iShares National Muni Bond ETF

BlackRock MuniYield Quality Fund III Inc

Nuveen AMT-Free Quality Municipal Income Fund

VanEck CEF Municipal Income ETF 

Munis are giving us a chance to own them again at some compelling discounts relative to long-term valuations.

Muni Market Update January 2022: The Sector Corrects

Pimco Municipal Income Fund III

Taiwan Fund

For the second month in three, equity CEFs on average witnessed negative returns, falling 2.61% on a NAV basis for November.

The Month In Closed-End Funds: November 2021

Tax-exempt municipal yields have trended down since the start of the year on the back of strong demand from investors and lower Treasury yields.

Municipal CEF Sector Update: Under Pressure

Blackrock Investment Quality Municipal Trust

Dreyfus Strategic Municipal Bond Fund Inc

Eaton Vance Municipal Income 2028 Term Trust

Federated Premier Municipal Income Fund

Pioneer Municipal High Income Advantage Trust

Western Asset Municipal High Income Fund

BlackRock MuniAssets Fund

BlackRock MuniYield New York Quality Fund Inc

Neuberger Berman Intermediate Municipal Fund Inc

Nuveen Enhanced Municipal Value Fund

Nuveen Georgia Quality Municipal Income Fund

Nuveen Municipal Value Fund Inc

Nuveen New Jersey Quality Municipal Income Fund

Nuveen Select Tax-Free Income Portfolio 3

Invesco Municipal Income Opportunities Trust

Pimco Municipal Income Fund

Pimco Municipal Income Fund II

Pimco New York Municipal Income Fund II

Invesco Pennsylvania Value Municipal Income Trust

The muni CEF space is largely buy-and-hold (or long-term rental agreements). But right now, there's a lot of dislocation in the sector. Some funds are extremely expensive while others are relatively cheap. Making swaps makes sense to rotate into the better opportunities and see more discount closing tailwinds.

More Relative Value Trades And Opportunities: Munis

Apollo Senior Floating Rate Fund

Apollo Tactical Income Fund, Inc.

MFS Intermediate High Income Fund

DoubleLine Income Solutions Fund

Eagle Point Credit

Eagle Point Credit Company Inc 7.75 % Pfd Registered Shs 2016-30.10.26 Series B

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Eagle Point Cr 6.75 % Notes 2017-30.09.27

BlackRock MuniYield Fund

Nuveen AMT-Free Municipal Value Fund

OFS Credit Company Inc

OFS Credit Company Inc - 6.875% PRF REDEEM 31/03/2024 USD 25 - Ser A

Pimco New York Municipal Income Fund III

XAI Octagon Floating Rate & Alternative Income Term Trust

We review CEF market valuation and performance over the past week and highlight recent events. CEF prices stalled in July on the back of lower risk sentiment driving discounts wider.

CEF Weekly Market Review: Funds Take A Breather

Aptus Collared Income Opportunity ETF

Eaton Vance Risk-Managed Diversified Equity Income Fund

First Trust Senior Floating Rate Income Fund II

Flaherty & Crumrine Total Return Fund Inc

First Trust Intermediate Duration Preferred & Income Fund

Templeton Global Income Fund

Miller/Howard High Income Equity Fund

Morgan Stanley Emerging Markets Debt Fund

Virtus InfraCap U.S. Preferred Stock ETF

Global X U.S. Preferred ETF

Putnam Premier Income Trust

Principal Spectrum Preferred Secs Active ETF

The major equity indices had their worst week since early January - mostly on inflation concerns and a hawkish FOMC that signaled an increase in rates may come sooner than expected. On Friday, stocks took another leg lower after St. Louis Fed President James Bullard said that he expects the Fed's first rate hike in late 2022.

CEF Weekly Commentary | June 20, 2021

MFS Investment Grade Municipal Trust

MainStay MacKay DefinedTerm Municipal Opportunities Fund

Nuveen Municipal Credit Income Fund

The municipal sector has remained resilient this year despite a rise in Treasury yields.

Municipal CEF Sector Update

BlackRock Science & Technology

BlackRock Science and Technology Trust II

ClearBridge Energy MLP Fund Inc

ClearBridge Energy MLP Opportunity Fund Inc

For the eighth month in a row, equity CEFs on average posted positive returns, rising 1.34% on a NAV basis for June.

The Month In Closed-End Funds: June 2021

Blackstone Strategic Credit Fund

Blackstone Long-Short Credit Income Fund

Blackstone/GSO Senior Floating Rate Term Fund

Nuveen High Income November 2021 Target Term Fund

We review CEF market valuation and performance over the past week and highlight recent events. We highlight news and market action across a number of CEFs such as JHB, EIC, and the Blackstone loan trio.

CEF Weekly Market Review: A Value Conundrum

ASA Gold and Precious Metals Ltd

ClearBridge Energy MLP Total Return Fund Inc

Fiduciary / Claymore Mlp Opportunity Fund

Highland Income Fund

NexPoint Strategic Opportunities Fund

Western Asset/Claymore Inflation-Linked Securities & Income Fund

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund

For the seventh month in a row, equity closed-end funds (CEFs) on average posted positive returns, rising 1.90% on a NAV basis for May. While for the third month running fixed income CEFs posted plus-side returns (+0.86%).

The Month In Closed-End Funds: May 2021

MFS High Yield Municipal Trust

BlackRock MuniVest Fund Inc

Nuveen Intermediate Duration Municipal Term Fund

We take a look at the Municipal CEF sector which has held up very well despite a rise in Treasury yields. Fundamentals remain in good shape with the fiscal stimulus feeding through and the potential infrastructure tailwind in the pipeline.

Municipal CEF Market Update

Western Asset Mortgage Opportunity Fund

Nuveen Mortgage Opportunity Term Fund

Nuveen Preferred & Income Opportunities Fund

The CEF market has put in very strong returns in the few months since our last update. We discuss some of the key themes driving the CEF market in the medium term.

Key Themes Of The CEF Market

The tax-exempt CEF sector has proven to be relatively resilient over the past year, generating attractive absolute and risk-adjusted returns.

Tax-Exempt Municipal CEF Sector Review

Invesco High Income 2023 Target Term Fund

RENN Fund

For the third month in a row, equity CEFs on average posted positive returns, rising 0.84% on a NAV basis for January. While for the tenth month running, fixed income CEFs witnessed returns in the black (+1.13%).

The Month In Closed-End Funds: January 2021

The tax-exempt sector continues to receive investor attention due to potential tailwinds of the new administration such as higher taxes and more fiscal support of municipalities. On the back of a new shareholder report we take a look at a number of tax-exempt Nuveen funds with significant allocations to high-yield and unrated bonds.

Nuveen Credit-Focused Muni CEFs Remain Attractive

Getting extra return by having an unusually wide discount reverting to the CEF's average level is a strategy used by CEF investors. Trying to determine if such a wide discount is the new normal isn't always easy but needs to be attempted as part of an investor's due diligence.

Nuveen Municipal Credit Opportunities Fund: Betting On Discount Shrinkage

News for Nuveen Municipal Credit Opportunities Fund ETF (NMCO)