Nuveen Taxable Municipal Income Fund Overview
Pro stress-test →Nuveen Taxable Municipal Income Fund is a diversified, closed-end management investment company whose primary investment objective is to provide current income through investments in taxable municipal securities. The Fund seeks to enhance portfolio value and total return as a secondary objective. The fund distributes monthly income to shareholders and employs leverage to boost returns.
Strategic Profile
Pro stress-test →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.
Competitive Landscape
Pro stress-test →The fund is a closed-end fixed income mutual fund launched by Nuveen Investments, Inc. and co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It competes within the taxable municipal bond CEF space, benchmarked against the Bloomberg Taxable Municipal Long Bond Index. Direct competitors include other Nuveen municipal CEFs and comparable taxable muni funds from larger asset managers.
Industry Context
Nuveen Taxable Municipal Income Fund operates in Closed-end municipal bond funds.
Key facts
Founded: 2009 · Headquarters: Chicago, US