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NVG - NVG: Nuveen's Higher Yielding AMT-FREE Municipal Bond CEF
Nuveen AMT-Free Municipal Credit Income Fund
Nuveen offers over a dozen non-state-specific Municipal Bond CEFs for investors to choose from. Even these come in various investment strategies like High Yield, Quality-focused or AMT-Free.
Last week, I covered NEA, another AMT-Free CEF from Nuveen. It has a lower yield than NVG due to its higher-rated bond holdings, thus giving investors two good choices.
For those willing to take on some extra risk, you receive 74bps more in yield with NVG, equal to the yield on Nuveen's HY Muni CEF. I rated it Bullish.