Nuveen Taxable Municipal Income Fund — Cyborg Score 7/10
Solid
Closed-end municipal bond funds
Strategic Profile
As of March 31, 2026, the fund reported net assets of $477.8 million with a 1-year NAV return of 5.90%, outperforming its benchmark. The fund has effective leverage of 38.11% and an NAV per share of $16.26. Under normal circumstances, the Fund invests at least 80% of its assets in taxable municipal securities, providing stable income with higher yields than tax-exempt municipal bonds.
Cyborg Score Rationale
The fund outperformed its Bloomberg Taxable Municipal Long Bond Index benchmark in the 12-month reporting period ended March 31, 2026. It reported a market yield of 7.39% and paid distributions of $1.1580 per share for the fiscal year. Strategic leverage and diversified municipal holdings provide attractive income, though leverage and credit risk require monitoring.
Top Insights
5.90% NAV return for fiscal year ended March 31, 2026, outperforming Bloomberg Taxable Municipal Long Bond Index (5.04%)
7.39% market yield with $1.1580 annual distributions per share in FY2026
38.11% effective leverage amplifies income and returns but increases portfolio risk
Undervalued at ~9% discount to NAV as of recent valuation (June 2026)
Named Competitors
Nuveen Municipal High Income Opportunity Fund — Municipal high-yield closed-end fund
Nuveen Municipal Credit Opportunities Fund — Municipal credit-focused closed-end fund
Nuveen Dynamic Municipal Opportunities Fund — Dynamic municipal bond closed-end fund
Recent Developments
(March 2026) Filed shareholder report showing $477.8M in net assets and 5.90% 1-year NAV return
(April 2023) Portfolio manager transition: John V. Miller replaced; Daniel Close and Kristen DeJong continue management
(December 2009) Fund established and domiciled in United States
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