Nuveen AMT-Free Municipal Value Fund

Nuveen AMT-Free Municipal Value Fund operates as a closed-end investment trust. It intends to provide exempt current income from regular federal income taxes and to enhance portfolio value and total return. The company was founded on November 19, 2008 and is headquartered in Chicago, IL.

BNY Mellon High Yield Strategies Fund 

Flaherty & Crumrine Total Return Fund Inc

John Hancock Tax-Advantaged Dividend Income Fund

New American High Income Fund

NextEra Energy

Tortoise Essential Assets Income Term Fund

Utilities Select Sector SPDR Fund

The broader market indexes continue to hit all-time highs, with broader participation continuing into September. Every month, I add to my positions in my closed-end fund portfolio to grow my cash flow month after month. The main theme this month, which has been most of the theme this year, was adding to funds that should benefit from a lower rate environment.

5 Closed-End Fund Buys In The Month Of September 2024

Central Securities

PIMCO Dynamic Income Strategy Fund

Closed-end funds offer unique advantages like fixed share numbers, no redemption liquidity issues, and exposure to hard-to-access asset classes, enhancing portfolio diversification. CEFs can trade at significant discounts or premiums to NAV due to supply and demand, unlike mutual funds and ETFs which align closely with NAV. Nuveen's AMT-Free Municipal Value Fund is a low-risk CEF with strong distribution coverage, primarily investing in investment-grade municipal bonds and trading at a discount to NAV.

The ABCs On CEFs

Nuveen AMT-Free Municipal Value Fund is a closed-end fund offering investors exposure to municipal bonds. NUW's portfolio is focused on high-quality, investment-grade holdings, and the fund is essentially non-leveraged (less than 1% effective leverage). The fund's discount remains deep, which can provide some potential further upside for investors.

NUW: Tax-Free Income At A Discount

Adams Diversified Equity Fund

Aberdeen Standard Global Infr Inc Fd

BlackRock Enhanced Equity Dividend Trust

Blackrock Health Sciences Trust

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Western Asset Investment Grade Income Fund

Cohen & Steers Real Estate Opportunities and Income Fund

Closed-end funds overall have seen discounts narrow since the start of the year, but opportunities still exist in certain areas of the market. With increased market volatility more recently, that may lead to discounts widening back out, which could create even more opportunities in this structure. I hold 42 positions in my CEF portfolio, with the top 10 positions making up 37.40% of the portfolio—here's a review of those top 10 names.

My Top 10 Closed-End Fund Holdings: August 2024

Eagle Point Income Company Inc

June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month.

5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024

Blackrock ESG Capital Allocation Trust

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

The overall broader indexes were heading higher after April's rather brief and shallow pullback. There was a bit more volatility toward the end of the month, which will be interesting to see if that develops into anything more material. Every month I make some purchases to compound and grow my monthly cash flow over time.

4 Closed-End Fund Buys In The Month Of May 2024

Nuveen Floating Rate Income Fund

Nuveen Global High Income Fund

Nuveen Mortgage Opportunity Term Fund

Nuveen Multi-Market Income Fund

Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Term Fund

Nuveen Credit Strategies Income Fund

Nuveen Real Asset Income & Growth Fund

Nuveen California Quality Municipal Income Fund

Nuveen Quality Municipal Income Fund

Nuveen New York Quality Muni Income Fund

Nuveen Arizona Quality Municipal Income Fund

Nuveen Build America Bond Fund

Nuveen California Municipal Value Fund

Nuveen Dynamic Municipal Opportunities Fund

Nuveen AMT-Free Quality Municipal Income Fund

Nuveen Select Maturity Municipal Fund

Nuveen California AMT-Free Quality Municipal Income Fund

Nuveen Multi-Asset Income Fund

Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Income Fund Inc

Nuveen Minnesota Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Municipal High Income Opportunity Fund

Nuveen New York Municipal Value Fund

Nuveen Missouri Quality Municipal Income Fund

Nuveen Core Plus Impact Fund

Nuveen Variable Rate Preferred & Income Fund

Nuveen Virginia Quality Municipal Income Fund

Nuveen Pennsylvania Quality Municipal Income Fund

Nuveen New York AMT

Nuveen Municipal Value Fund Inc

Nuveen AMT-Free Municipal Credit Income Fund

Nuveen California Select Tax-Free Income Portfolio

Nuveen New Jersey Quality Municipal Income Fund

Nuveen New York Select Tax-Free Income Portfolio

Nuveen Select Tax-Free Income Portfolio

Nuveen Municipal Credit Income Fund

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

BlackRock Enhanced Capital and Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

April turned out to be a little more exciting, with the broader equity market pulling back. This helped to create some added volatility that saw discounts widen in some closed-end funds. Every month I put some money to work in an effort to grow my monthly cash flow over time.

5 Closed-End Fund Buys In The Month Of April 2024

BlackRock Utilities Infrastructure & Power Opportunities Trust

John Hancock Premium Dividend Fund

4 Closed-End Fund Buys In The Month Of March 2024

Cornerstone Strategic Value Fund Inc

Flaherty & Crumrine Dynamic Preferred & Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Miller/Howard High Income Equity Fund

SPDR S&P 500 ETF Trust

January saw some mixed results in terms of sector performance, with real estate returning some of the gains they saw in the previous couple of months.

5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps)

Ares Dynamic Credit Allocation Fund

BlackRock 2037 Municipal Target Term Trust

Western Asset Mortgage Opportunity Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

Flaherty & Crumrine Preferred Income OpportunityFund Inc

The price action in the CEF market over the last few months has been fast and furious. We revisit the key decision factors of income investing that can streamline and organize the allocation process as applied to CEFs.

Key Decision Factors For CEF Allocation In Today's Market

NUW is trading at a substantial discount on an absolute and relative basis, which could narrow helping to provide better returns going forward.

NUW: Tax-Free AMT-Free Income While Waiting For Upside

BlackRock Health Sciences Trust II

Saba Capital Income & Opportunities Fund

Blackrock Floating Rate Income Strategies Fund Inc

abrdn Healthcare Investors 

OFS Credit Company Inc

Invesco S&P 500 Equal Weight ETF

Special Opportunities Fund Inc

SPDR S&P Biotech ETF

Health Care Select Sector SPDR Fund

Equity and fixed-income markets had another strong month in December, driven by continuing retreating risk-free Treasury rates. We even saw an improvement in the breadth of the overall market, with broader participation lifting some of the beaten-down sectors for the year. That said, closed-end fund discounts remain historically wide, and that continues to drive opportunity in the CEF wrapper.

5 Closed-End Fund Buys In The Month Of December 2023 (Plus 1 Sell)

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

Eaton Vance Enhanced Equity Income Fund II

Hoya Capital High Dividend Yield ETF

October was a challenging month for the equity and fixed-income markets, with surging risk-free rates in the Treasury market putting pressure across the board. I've added to positions with utility, REIT, and municipal bond exposure, taking advantage of some extraordinary discounts in the closed-end fund space. The key theme was to continue to limit adding any significant fund-level leverage to my portfolio in the current month, as I've been doing throughout this year.

5 Closed-End Fund Buys In The Month Of October 2023 (And 1 ETF)

Nuveen Select Tax-Free Income Portfolio (NXP) and Nuveen AMT-Free Municipal Value Fund (NUW) are worth considering as tax-free income plays. NXP is trading at a slight discount, while NUW remains more attractive for potential upside if the discount narrows. Both funds have low or no leverage and focus on high-quality municipal securities, making them more conservative options in the fixed-income space while also looking to exploit discounts/premiums as CEFs.

NXP And NUW: 2 Tax-Free Income CEFs To Consider

NEW YORK--(BUSINESS WIRE)--Today, the Board of Trustees of certain Nuveen municipal closed-end funds declared regular monthly distribution rates and updated certain distribution policies. Additionally, several leveraged municipal closed-end funds have announced distribution rate increases of between 7% and 24% to deliver higher monthly cash flows to shareholders. These changes are intended to help support secondary market trading in fund shares and improve each fund's discount to NAV. It is ant.

Nuveen Municipal Closed-End Funds Announce Distribution Updates

September was the worst month for equities in 2023, but that's simply creating buying opportunities for the long-term investor. I added to four different positions in my CEF portfolio this month, though they are all familiar names that I've already owned. The theme this month was once again avoiding taking on leveraged funds, and none of the four funds take on any leverage in the form of borrowings.

4 Closed-End Fund Buys In The Month Of September 2023

Duff & Phelps Global Utility Income Fund Inc

NXG NextGen Infrastructure Income Fund

PIMCO Dynamic Income Fund

PIMCO Income Strategy Fund II

Brookfield Real Assets Income Fund

This month, I added to 5 different closed-end funds, but it came from the result of selling off 2 for swaps as well. Swap opportunities come up as we can exploit the discount/premium mechanics in closed-end funds. Overall, I have continued to stick with a low or no-leverage theme in this environment as I look to de-risk my CEF portfolio.

5 Closed-End Fund Buys In The Month Of August 2023 (Plus 2 I Sold)

This month I added to three of my already existing positions to grow my income. I'm continuing to avoid adding too much in terms of leveraged funds to deleverage my overall portfolio, and letting some cash build-up has a similar effect. The market overall is continuing to remain resilient despite another 25-basis point Fed hike and broader participation to the upside continued for a second month.

3 Closed-End Fund Buys In The Month Of July 2023

Nuveen AMT-Free Municipal Value Fund offers exposure to tax-free municipal bond distributions and has a large discount, making it a solid consideration for a portfolio. The fund has strong distribution coverage and has seen net investment income increase due to the higher yield environment. NUW's portfolio is diversified across various types of issuers and has a significant majority of investment-grade holdings.

NUW: Muni Exposure, Low Leverage, And Strong Distribution Coverage

In June, the broader indexes headed higher, with more participation outside of only the mega-cap growth names. As usual, I continue to put capital to work every month, but I've also been letting some cash accumulate, too, as the broader indexes continue to march. This month I've added to my position in ASGI and NUW; I've also added ECAT as a new position to my portfolio as a tactical play.

3 Closed-End Fund Buys In The Month Of June 2023

April saw the market continuing to push off the lows it touched in March due to bank failures. Despite the overall uncertainty and precarious banking situation, the overall market volatility has continued to sink lower and lower.

3 Closed-End Fund Buys In The Month Of April 2023

NXP and NUW are both municipal bond funds focused on higher quality portfolios. The overwhelming majority of their portfolios are invested in investment-grade municipal bonds.

NXP And NUW: 2 Higher Quality Muni Choices

The Nuveen AMT-Free Quality Municipal Income Fund is the older and larger of these two Nuveen funds. The Nuveen AMT-Free Municipal Value Fund has lower leverage and shorter duration than its sister fund.

NEA Vs. NUW: Clear Winner Between These Nuveen AMT-Free CEFs

News for Nuveen AMT-Free Municipal Value Fund ETF (NUW)