Nuveen Municipal Credit Income Fund is a closed-ended mutual fund specializing in fixed income investments across the United States. Managed by Nuveen Investments, it focuses on undervalued municipal securities that are exempt from federal income taxes, aiming for investment-grade securities with an average maturity of around 18 years. The fund uses a bottom-up stock picking approach to build its portfolio, comparing its performance against the S&P National Municipal Bond Index. Originally known as Nuveen Enhanced Municipal Credit Opportunities Fund, it was established in 2001 and is based in the United States.
Tax-exempt muni income sounds like a clean win until you discover it quietly works against two separate parts of your tax return in ways most investors never see coming.
By investing $20,000 in each of these high-yielding municipal bond ETFs, investors can generate $1,080 per month in tax-free income.
These eight national high-yielding municipal bond ETFs trade below net asset value, which means the price of the funds is less than the value of the bonds in the fund.
