Price Chart

Key Stats

Customize
Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
2.49% -6.51% 3.574B 260997.6
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
5.49% 6.00% -- Upgrade

Basic Info

Investment Strategy
The Fund's investment objectives are to provide current income exempt from regular federal income tax and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the Fund's investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued. The Fund invests in municipal securities that are exempt from federal income taxes. The Fund uses leverage. By investment policy, the Fund may invest up to 55% of its managed assets in municipal securities rated at the time of investment Baa/BBB and below or judged by the manager to be of comparable quality.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Long
Category Index BBgBarc Municipal TR USD
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name Nuveen Fund Advisors, LLC.
Prospectus Benchmark Index
BBgBarc Municipal Insured TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Paul Brennan 13.93 yrs

Net Fund Flows Versus Category

1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: --
-453.86M Category Low
2.643B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
Date Unavailable

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
--
As of October 19, 2020. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

Edit comparables
Name
2013
2014
2015
2016
2017
2018
2019
YTD
-13.64%
18.75%
8.34%
5.66%
12.55%
-4.66%
25.65%
-1.58%
-2.55%
9.05%
3.30%
0.25%
5.45%
1.28%
7.54%
3.01%
-13.99%
22.11%
6.36%
1.51%
8.74%
-5.73%
22.42%
3.04%
-18.67%
13.82%
1.54%
-4.06%
1.56%
-6.09%
21.93%
3.34%
-13.60%
17.83%
10.41%
3.89%
14.39%
-7.22%
28.34%
-5.73%
-7.55%
11.67%
9.91%
-2.44%
10.16%
-4.83%
19.75%
4.51%
As of October 19, 2020.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-19-20) 5.49%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 4.71%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of August 31, 2020

Asset Allocation

As of August 31, 2020.
Type % Net % Long % Short
Cash 0.07% Upgrade Upgrade
Stock 0.22% Upgrade Upgrade
Bond 99.71% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
CHICAGO ILL BRD ED DEDICATED CAP IMPT 6%
1.32% -- --
CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25%
1.19% -- --
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0%
1.12% -- --
SOUTH CAROLINA ST PUB SVCS AUTH REV 5%
0.87% -- --
CHICAGO ILL BRD ED 7%
0.79% -- --
WEST VIRGINIA ST HOSP FIN AUTH HOSP REV 5.5%
0.75% -- --
TOBACCO SETTLEMENT FING CORP RHODE IS 0%
0.75% -- --
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%
0.74% -- --
ILLINOIS FIN AUTH REV 4%
0.71% -- --
JOBSOHIO BEVERAGE SYS OHIO STATEWIDE LIQUOR PROFITS REV 5%
0.70% -- --

Basic Info

Investment Strategy
The Fund's investment objectives are to provide current income exempt from regular federal income tax and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the Fund's investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued. The Fund invests in municipal securities that are exempt from federal income taxes. The Fund uses leverage. By investment policy, the Fund may invest up to 55% of its managed assets in municipal securities rated at the time of investment Baa/BBB and below or judged by the manager to be of comparable quality.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Long
Category Index BBgBarc Municipal TR USD
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name Nuveen Fund Advisors, LLC.
Prospectus Benchmark Index
BBgBarc Municipal Insured TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Paul Brennan 13.93 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-19-20) 5.49%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 4.71%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of August 31, 2020

Fund Details

Key Dates
Inception Date 3/25/2002
Last Annual Report Date 10/31/2019
Last Prospectus Date 3/26/2002
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No