Closed-End Funds
Product guide 2024
1Q
Why closed-end funds?
INCOME POTENTIAL | DIVERSIFICATION | GREATER FLEXIBILITY |
Designed for regular | Via a broader investable | Through fully-invested |
cash flow | universe | portfolios |
Nuveen:
a market leader in closed-end funds
Closed-end funds have long been valued for the potential to provide attractive income. A trusted closed-end fund provider for more than 35 years, Nuveen builds on more than a century of industry leadership to offer financial professionals and investors dedicated client service with a legacy of integrity and innovation.
Market leadership
A pioneer in long-term income and cash flow solutions, we are the largest provider of closed-end funds today, with innovative products across traditional and alternative asset classes and strategies.
Focused expertise
Through active fund and distribution management from Nuveen and the expertise and capabilities of its high-caliber investment managers, we are committed to providing world- class investment solutions that align with client needs.
Deep commitment
From our educational resources, robust communications, and industry-leadingclosed-end fund websites to our skilled and dedicated support team, we provide comprehensive support for financial professionals and investors in pursuit of long-term, lasting value for investors and the advisors who serve them.
Learn more about adding regular income potential
to your portfolio with Nuveen's closed-end funds.
INVESTORS:
Contact your Financial Professional or call Nuveen at 800.257.8787.
FINANCIAL PROFESSIONALS:
Contact your Nuveen Advisor Consultant Team at 800.752.8700 or our CEF specialist at CEFSpecialist@nuveen.com.
Visit us on the web at nuveen.com/cef.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE | CLOSED -END FU NDS PRODUCT GUIDE | 1Q 2024 3 |
First launch dates
1987
Nuveen launches first closed-end fund, NUV, which was the largest IPO to date on the NYSE
1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 |
'87
1994
1995
1996
1997
1998
1999
2000
2001
CEFConnect.com launched
Symphony Asset
Management LLC acquired
2002
NWQ Investment
Management Co.,
LLC acquired
2001 | 2002 | 2003 | 2004 |
'99
Nuveen has expanded | '01 | |
'02 | ||
closed-end fund offerings | '03 | |
over 35 years | '03 | |
'03 | ||
Since launching its first closed-end fund in 1987, Nuveen has | '04 | |
led the way, adding asset strategies, new structures, forms |
of leverage, education and support - a range of innovations at the forefront of the closed-end fund marketplace.
4
2005 | ||||||||||||||
Santa Barbara Asset | ||||||||||||||
Management, | 2008 | 2011 | ||||||||||||
LLC acquired | ||||||||||||||
Failure of | All $15.4 billion | |||||||||||||
auction rate | of ARPs | |||||||||||||
preferreds (ARPs) | refinanced | |||||||||||||
2005 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |||||||
2006 |
2014
Acquired by TIAA,
creating one of the industry's largest and most diversified investment organizations
2014 | 2015 | 2016 | 2017 | 2018 |
2019
2020
2021
'06
'06
'07
'09
'10
'11
'12
'15
'17
'21
Municipal bonds
Loans
Real estate
Preferred and income securities
Multi-asset
Value equity
High yield
Equity covered call
Global debt
Global equity
Dividend growth equity
Mortgage-backed securities
Taxable municipals
Master limited partnerships (MLPs)
Real assets
Target term
Emerging markets debt
Impact and ESG
CLOSED -END FU NDS PRODUCT GUIDE | 1Q 2024 5
Choose Nuveen's closed-end funds for income potential and innovation
Offerings as of 31 Mar 2024
Municipal fixed income
National1
- NAD Nuveen Quality Municipal Income Fund
- NDMO Nuveen Dynamic Municipal Opportunities Fund
- NEA Nuveen AMT-Free Quality Municipal Income Fund
- NIM Nuveen Select Maturities Municipal Fund
- NMCO Nuveen Municipal Credit Opportunities Fund
- NMI Nuveen Municipal Income Fund, Inc.
- NMZ Nuveen Municipal High Income Opportunity Fund
- NUV Nuveen Municipal Value Fund, Inc.
- NUW Nuveen AMT-Free Municipal Value Fund
- NVG Nuveen AMT-Free Municipal Credit Income Fund
- NXP Nuveen Select Tax-Free Income Portfolio
- NZF Nuveen Municipal Credit Income Fund
Taxable
- NBB Nuveen Taxable Municipal Income Fund
- Leveraged
- Non-Leveraged
State1
- NAZ Nuveen Arizona Quality Municipal Income Fund NMT Nuveen Massachusetts Quality Municipal
- Income Fund
- NMS Nuveen Minnesota Quality Municipal Income Fund
- NOM Nuveen Missouri Quality Municipal Income Fund
● | NXJ | Nuveen New Jersey Quality Municipal |
Income Fund | ||
● | NQP | Nuveen Pennsylvania Quality Municipal |
Income Fund | ||
● | NPV | Nuveen Virginia Quality Municipal Income Fund |
California
- NAC Nuveen California Quality Municipal Income Fund
- NCA Nuveen California Municipal Value Fund, Inc.
● | NKX | Nuveen California AMT-Free Quality Municipal |
Income Fund | ||
● | NXC | Nuveen California Select Tax-Free Income Portfolio |
New York
- NAN Nuveen New York Quality Municipal Income Fund
- NNY Nuveen New York Municipal Value Fund
● | NRK | Nuveen New York AMT-Free Quality Municipal |
Income Fund | ||
● | NXN | Nuveen New York Select Tax-Free Income Portfolio |
1 Income may be subject to state and local income taxes and the alternative minimum tax. Capital gains, if any, will be subject to capital gains tax.
6
Taxable fixed income
Multi-sector
- NPCT Nuveen Core Plus Impact Fund
High yield
- JGH Nuveen Global High Income Fund
Senior loans
- JFR Nuveen Floating Rate Income Fund
- JQC Nuveen Credit Strategies Income Fund
Preferreds and income
- JPC Nuveen Preferred & Income Opportunities Fund
- JPI Nuveen Preferred and Income Term Fund
- NPFD Nuveen Variable Rate Preferred & Income Fund
Securitized credit
- JLS Nuveen Mortgage and Income Fund
Mortgage backed securities
- JMM Nuveen Multi-Market Income Fund
U.S. equities
Large cap - core
- JCE Nuveen Core Equity Alpha Fund
Options
- BXMX Nuveen S&P 500 Buy-Write Income Fund
- DIAX Nuveen D30SM Dynamic Overwrite Fund
- QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund
- SPXX Nuveen S&P 500 Dynamic Overwrite Fund
Multi-asset
Diversified solution
- NMAI Nuveen Multi-Asset Income Fund
Public real assets
Multi-asset
- JRI Nuveen Real Asset Income and Growth Fund
Real estate
REITs
- JRS Nuveen Real Estate Income Fund
CLOSED -END FU NDS PRODUCT GUIDE | 1Q 2024 7
Important information on risk
Closed-end fund shares are subject to investment risk, including the possible loss of the entire principal amount that you invest. Common shares frequently trade at a discount to their NAV. At any point in time, your common shares may be worth less than you paid, even after considering the reinvestment of fund distributions.
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or investment strategy and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor's objectives and circumstances and in consultation with his or her financial professionals. The London Interbank Offered Rate or LIBOR, is used throughout global banking and financial industries to determine interest rates for a variety of financial instruments (such as debt instruments and derivatives) and borrowing arrangements. The United Kingdom's Financial Conduct
800.752.8700 | nuveen.com/cef
Authority has undertaken a multi-year phase out of LIBOR. As a result, the administrator of LIBOR ceased publishing certain LIBOR settings after December 31, 2021 and expects to cease publication of all settings after June 30, 2023. The transition away from LIBOR may involve, among other things, increased volatility or illiquidity in markets for instruments that currently rely on LIBOR, such as floating-rate debt obligations. Libor risk is assessed quarterly in arrears.
Leverage: Leverage typically magnifies the total return of a fund's portfolio, whether that return is positive or negative, and creates an opportunity for increased common share net income as well as higher volatility of net asset value, market price, and distributions. There is no assurance that a fund's leveraging strategy will be successful.
More information about these and other risks specific to each fund is available at nuveen.com/cef.
Nuveen Securities, LLC, member FINRA and SIPC.
EBR-3482019CR-Q0324P 1309090
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Disclaimer
Nuveen Core Plus Impact Fund published this content on 15 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2024 19:43:03 UTC.