Nuveen Municipal Credit Opportunities/$NMCO

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About Nuveen Municipal Credit Opportunities

Nuveen Municipal Credit Opps Fund is a closed-end fund. The fund's objective is to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. It invests in high yielding, low-to medium-quality municipal securities and uses leverage.

Ticker

$NMCO
Sector

Primary listing

NYSE

Employees

-

NMCO Metrics

BasicAdvanced
$600M
39.52
$0.28
0.94
$0.82
7.51%

Bulls say / Bears say

As of October 27, 2025, NMCO trades at a narrow 1.82% discount to NAV, compared to its 52-week average discount of 4.40%, suggesting potential for capital appreciation if the discount tightens (CEF Connect).
The fund’s effective leverage of 42.18% enhances its ability to generate higher income from long-dated, high-yield municipal securities when borrowing costs remain below portfolio yields (CEF Connect).
NMCO’s 7.63% distribution rate paid monthly offers a steady tax-exempt income stream that compares favorably with other fixed-income alternatives in a low-growth environment (CEF Connect).
NMCO’s total expense ratio of 4.74%, including 2.97% in interest expenses, significantly reduces net income available to common shareholders, making its net yield less competitive versus lower-cost peers (CEF Connect).
The fund’s use of leverage magnifies fluctuations in net asset value and market price; inverse floating rate holdings and preferred share borrowings can lead to outsized NAV declines in rising-rate or volatile markets (Nuveen).
Investing primarily in municipal securities rated Baa/BBB or lower, with up to 30% in CCC+/Caa1 or lower at purchase, exposes NMCO to elevated credit risk and potential defaults during economic stress (Nuveen).
Data summarised monthly by Lightyear AI. Last updated on 3 Nov 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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