XNMCX

About XNMCX

Nuveen Municipal Credit Opportunities Fund is a closed-end investment fund focused on delivering a high level of current income that is exempt from regular U.S. federal income tax. Its primary strategy targets the municipal bond sector, investing predominantly in high-yield, low- to medium-quality municipal securities, which are typically rated Baa/BBB or lower. The fund is managed with disciplined limits, with no more than 30% of assets allocated to lower-rated or unrated bonds deemed to be of comparable quality, and a maximum of 10% invested in defaulted securities or those involved in bankruptcy or insolvency proceedings at the time of investment. The fund employs leverage and is structured with a 12-year term, although it retains the option to convert to a perpetual fund. As a result, it plays a specialized role in the market by providing access to less traditional segments of the municipal bond universe while aiming for both tax-advantaged income and total return. The fund is actively managed by Nuveen, a firm with significant expertise in municipal securities, and serves investors seeking diversified, income-oriented municipal exposure.