Nuveen Taxable Municipal Income Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-3.4%
1 yr return
2.5%
3 Yr Avg Return
-10.4%
5 Yr Avg Return
-5.7%
Net Assets
$524 M
Holdings in Top 10
22.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.31%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 1.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XNBBX - Profile
Distributions
- YTD Total Return -3.4%
- 3 Yr Annualized Total Return -10.4%
- 5 Yr Annualized Total Return -5.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 5.46%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameNuveen Taxable Municipal Income Fund
-
Fund Family NameNuveen
-
Inception DateApr 28, 2010
-
Shares Outstanding28621105
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJohn Miller
Fund Description
XNBBX - Performance
Return Ranking - Trailing
Period | XNBBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.4% | -3.4% | 6.3% | 100.00% |
1 Yr | 2.5% | 2.5% | 13.5% | 100.00% |
3 Yr | -10.4%* | -12.5% | 34.0% | 96.88% |
5 Yr | -5.7%* | -7.4% | 22.8% | 96.77% |
10 Yr | -0.6%* | -1.0% | 13.5% | 96.15% |
* Annualized
Return Ranking - Calendar
Period | XNBBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.5% | 0.4% | 6.0% | 40.63% |
2022 | -27.9% | -31.0% | 111.9% | 28.13% |
2021 | -1.3% | -8.2% | -0.4% | 12.50% |
2020 | 4.3% | 1.9% | 12.2% | 61.29% |
2019 | 5.3% | 1.2% | 19.0% | 96.67% |
Total Return Ranking - Trailing
Period | XNBBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.4% | -3.4% | 6.3% | 100.00% |
1 Yr | 2.5% | 2.5% | 13.5% | 100.00% |
3 Yr | -10.4%* | -12.5% | 34.0% | 96.88% |
5 Yr | -5.7%* | -7.4% | 22.8% | 96.77% |
10 Yr | -0.6%* | -1.0% | 13.5% | 96.15% |
* Annualized
Total Return Ranking - Calendar
Period | XNBBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.5% | 0.4% | 11.2% | 96.88% |
2022 | -27.9% | -31.0% | 121.2% | 93.75% |
2021 | -1.3% | -2.9% | 3.1% | 43.75% |
2020 | 4.3% | 4.2% | 18.6% | 96.77% |
2019 | 8.5% | 4.6% | 24.6% | 96.67% |
NAV & Total Return History
XNBBX - Holdings
Concentration Analysis
XNBBX | Category Low | Category High | XNBBX % Rank | |
---|---|---|---|---|
Net Assets | 524 M | 10.2 M | 15.5 B | 65.63% |
Number of Holdings | 155 | 40 | 3692 | 96.88% |
Net Assets in Top 10 | 199 M | 3.98 M | 1.72 B | 56.25% |
Weighting of Top 10 | 22.83% | 2.7% | 69.9% | 37.50% |
Top 10 Holdings
- NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5.6% 4.35%
- SAN FRANCISCO CALIF CITY & CNTY CTFS PARTN 6.49% 3.92%
- WASHINGTON ST CONVENTION CTR PUB FACS DIST 6.79% 3.80%
- LOS ANGELES CALIF DEPT WTR & PWR REV 6.6% 3.07%
- MUNICIPAL ELEC AUTH GA 7.055% 2.97%
- LOS ANGELES CALIF CMNTY COLLEGE DIST 6.6% 2.57%
- NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.88% 2.50%
- MASSACHUSETTS ST TRANSN FD REV 5.73% 2.48%
- SEATTLE WASH MUN LT & PWR REV 5.57% 2.32%
- OKLAHOMA DEV FIN AUTH HEALTH SYS REV 5.45% 2.28%
Asset Allocation
Weighting | Return Low | Return High | XNBBX % Rank | |
---|---|---|---|---|
Bonds | 99.45% | 73.25% | 188.11% | 21.88% |
Cash | 0.55% | -2.42% | 10.01% | 87.50% |
Stocks | 0.00% | 0.00% | 9.21% | 96.88% |
Preferred Stocks | 0.00% | 0.00% | 17.79% | 96.88% |
Other | 0.00% | -82.99% | 6.42% | 78.13% |
Convertible Bonds | 0.00% | 0.00% | 2.97% | 100.00% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XNBBX % Rank | |
---|---|---|---|---|
Municipal | 99.04% | 0.00% | 99.04% | 3.13% |
Cash & Equivalents | 0.55% | 0.00% | 10.01% | 62.50% |
Corporate | 0.41% | 0.41% | 98.94% | 100.00% |
Derivative | 0.00% | 0.00% | 6.42% | 96.88% |
Securitized | 0.00% | 0.00% | 4.69% | 100.00% |
Government | 0.00% | 0.00% | 46.64% | 100.00% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XNBBX % Rank | |
---|---|---|---|---|
US | 99.45% | 73.25% | 184.13% | 21.88% |
Non US | 0.00% | 0.00% | 4.26% | 96.88% |
XNBBX - Expenses
Operational Fees
XNBBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.31% | 0.04% | 4.14% | 28.13% |
Management Fee | 0.45% | 0.03% | 0.65% | 50.00% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.05% | 0.40% | N/A |
Sales Fees
XNBBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.75% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
XNBBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
XNBBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 1.00% | 1.00% | 85.00% | 3.33% |
XNBBX - Distributions
Dividend Yield Analysis
XNBBX | Category Low | Category High | XNBBX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 6.52% | 100.00% |
Dividend Distribution Analysis
XNBBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
XNBBX | Category Low | Category High | XNBBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.46% | 2.10% | 5.46% | 3.13% |
Capital Gain Distribution Analysis
XNBBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 13, 2019 | $0.103 | OrdinaryDividend |
May 14, 2019 | $0.103 | OrdinaryDividend |
Apr 12, 2019 | $0.103 | OrdinaryDividend |
Mar 14, 2019 | $0.103 | OrdinaryDividend |
Feb 14, 2019 | $0.103 | OrdinaryDividend |
Jan 14, 2019 | $0.103 | OrdinaryDividend |
Dec 13, 2018 | $0.103 | OrdinaryDividend |
Nov 28, 2018 | $0.071 | OrdinaryDividend |
Nov 15, 2018 | $0.032 | ExtraDividend |
Oct 12, 2018 | $0.103 | OrdinaryDividend |
Sep 13, 2018 | $0.103 | OrdinaryDividend |
Aug 14, 2018 | $0.103 | OrdinaryDividend |
Jul 12, 2018 | $0.103 | OrdinaryDividend |
Jun 14, 2018 | $0.103 | OrdinaryDividend |
May 14, 2018 | $0.103 | OrdinaryDividend |
Apr 12, 2018 | $0.103 | OrdinaryDividend |
Mar 14, 2018 | $0.103 | OrdinaryDividend |
Feb 14, 2018 | $0.103 | OrdinaryDividend |
Jan 11, 2018 | $0.103 | OrdinaryDividend |
Dec 14, 2017 | $0.103 | OrdinaryDividend |
Nov 14, 2017 | $0.103 | OrdinaryDividend |
Oct 12, 2017 | $0.103 | OrdinaryDividend |
Sep 14, 2017 | $0.103 | OrdinaryDividend |
Aug 11, 2017 | $0.103 | OrdinaryDividend |
Jul 12, 2017 | $0.103 | OrdinaryDividend |
Jun 13, 2017 | $0.103 | OrdinaryDividend |
May 11, 2017 | $0.103 | OrdinaryDividend |
Apr 11, 2017 | $0.103 | OrdinaryDividend |
Mar 13, 2017 | $0.103 | OrdinaryDividend |
Feb 13, 2017 | $0.103 | OrdinaryDividend |
Jan 11, 2017 | $0.103 | OrdinaryDividend |
Dec 13, 2016 | $0.103 | OrdinaryDividend |
Nov 10, 2016 | $0.108 | OrdinaryDividend |
Oct 12, 2016 | $0.108 | OrdinaryDividend |
Sep 13, 2016 | $0.108 | OrdinaryDividend |
Aug 11, 2016 | $0.108 | OrdinaryDividend |
Jul 13, 2016 | $0.108 | OrdinaryDividend |
Jun 13, 2016 | $0.108 | OrdinaryDividend |
May 11, 2016 | $0.112 | OrdinaryDividend |
Apr 13, 2016 | $0.112 | OrdinaryDividend |
Mar 11, 2016 | $0.112 | OrdinaryDividend |
Feb 10, 2016 | $0.112 | OrdinaryDividend |
Jan 13, 2016 | $0.112 | OrdinaryDividend |
Dec 11, 2015 | $0.112 | OrdinaryDividend |
Nov 10, 2015 | $0.112 | OrdinaryDividend |
Oct 13, 2015 | $0.112 | OrdinaryDividend |
Sep 11, 2015 | $0.112 | OrdinaryDividend |
Aug 12, 2015 | $0.112 | OrdinaryDividend |
Jul 13, 2015 | $0.112 | OrdinaryDividend |
Jun 11, 2015 | $0.112 | OrdinaryDividend |
May 13, 2015 | $0.116 | OrdinaryDividend |
Apr 13, 2015 | $0.116 | OrdinaryDividend |
Mar 11, 2015 | $0.116 | OrdinaryDividend |
Feb 11, 2015 | $0.116 | OrdinaryDividend |
Jan 13, 2015 | $0.116 | OrdinaryDividend |
Dec 11, 2014 | $0.116 | OrdinaryDividend |
Nov 12, 2014 | $0.116 | OrdinaryDividend |
Oct 10, 2014 | $0.116 | OrdinaryDividend |
Sep 11, 2014 | $0.116 | OrdinaryDividend |
Aug 13, 2014 | $0.116 | OrdinaryDividend |
Jul 11, 2014 | $0.116 | OrdinaryDividend |
Jun 11, 2014 | $0.116 | OrdinaryDividend |
May 13, 2014 | $0.116 | OrdinaryDividend |
Apr 11, 2014 | $0.116 | OrdinaryDividend |
Mar 12, 2014 | $0.116 | OrdinaryDividend |
Feb 12, 2014 | $0.116 | OrdinaryDividend |
Jan 13, 2014 | $0.116 | OrdinaryDividend |
Dec 24, 2013 | $0.021 | ExtraDividend |
Dec 11, 2013 | $0.116 | OrdinaryDividend |
Nov 13, 2013 | $0.116 | OrdinaryDividend |
Oct 10, 2013 | $0.116 | OrdinaryDividend |
Sep 11, 2013 | $0.116 | OrdinaryDividend |
Aug 13, 2013 | $0.114 | OrdinaryDividend |
Jul 11, 2013 | $0.114 | OrdinaryDividend |
Jun 12, 2013 | $0.114 | OrdinaryDividend |
May 13, 2013 | $0.114 | OrdinaryDividend |
Apr 11, 2013 | $0.114 | OrdinaryDividend |
Mar 13, 2013 | $0.114 | OrdinaryDividend |
Feb 13, 2013 | $0.111 | OrdinaryDividend |
Jan 11, 2013 | $0.111 | OrdinaryDividend |
Dec 12, 2012 | $0.111 | OrdinaryDividend |
Nov 13, 2012 | $0.109 | OrdinaryDividend |
Oct 11, 2012 | $0.109 | OrdinaryDividend |
Sep 12, 2012 | $0.109 | OrdinaryDividend |
Aug 13, 2012 | $0.109 | OrdinaryDividend |
Jul 11, 2012 | $0.109 | OrdinaryDividend |
Jun 13, 2012 | $0.109 | OrdinaryDividend |
May 11, 2012 | $0.109 | OrdinaryDividend |
Apr 11, 2012 | $0.109 | OrdinaryDividend |
Mar 13, 2012 | $0.109 | OrdinaryDividend |
Feb 13, 2012 | $0.117 | OrdinaryDividend |
Jan 11, 2012 | $0.117 | OrdinaryDividend |
Dec 13, 2011 | $0.117 | OrdinaryDividend |
Nov 10, 2011 | $0.117 | OrdinaryDividend |
Oct 12, 2011 | $0.117 | OrdinaryDividend |
Sep 13, 2011 | $0.117 | OrdinaryDividend |
Aug 11, 2011 | $0.117 | OrdinaryDividend |
Jul 13, 2011 | $0.117 | OrdinaryDividend |
Jun 13, 2011 | $0.117 | OrdinaryDividend |
May 11, 2011 | $0.117 | OrdinaryDividend |
Apr 13, 2011 | $0.117 | OrdinaryDividend |
Mar 11, 2011 | $0.117 | OrdinaryDividend |
Feb 11, 2011 | $0.117 | OrdinaryDividend |
Jan 12, 2011 | $0.117 | OrdinaryDividend |
Dec 13, 2010 | $0.117 | OrdinaryDividend |
Nov 10, 2010 | $0.117 | OrdinaryDividend |
Oct 13, 2010 | $0.117 | OrdinaryDividend |
Sep 13, 2010 | $0.117 | OrdinaryDividend |
Aug 11, 2010 | $0.117 | OrdinaryDividend |
Jul 13, 2010 | $0.117 | OrdinaryDividend |
Jun 11, 2010 | $0.117 | OrdinaryDividend |
XNBBX - Fund Manager Analysis
Managers
John Miller
Start Date
Tenure
Tenure Rank
Apr 28, 2010
12.1
12.1%
John leads the municipals fixed income strategic direction and investment perspectives for Nuveen. He also manages several municipal bond strategies and closed-end funds. John is a trusted public voice in discussing key issues and trends within the municipal market. He is a frequent guest on CNBC, Bloomberg Television and Fox Business News. His perspective is often sought out by leading industry media such as The Wall Street Journal, Barron’s, Bloomberg News and Morningstar. Before being named the co-head of fixed income in 2011, he was chief investment officer for the firm’s municipal bond team starting in 2007. He was named a managing director and head of portfolio management for Nuveen Asset Management in 2006. John became a portfolio manager in 2000 after starting at the firm as a municipal credit analyst in 1996. He began working in the financial industry at a private account management firm in 1993. John earned a B.A. in Economics and Political Science from Duke University, an M.A. in Economics from Northwestern University and an M.B.A. in Finance with honors from the University of Chicago. He holds the Chartered Financial Analyst designation and is a member of the CFA institute and the CFA society of Chicago. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA institute.
Daniel Close
Start Date
Tenure
Tenure Rank
Apr 28, 2010
12.1
12.1%
Dan is the lead portfolio manager for the firm’s taxable municipal strategies. He manages several state-specific municipal bond strategies, including Georgia, Kentucky, Michigan, North Carolina, Ohio and Tennessee, and related institutional portfolios. Dan also serves as portfolio manager for the inflation-protected strategy and national closed-end funds. Prior to his current position, he served as a research analyst covering the corporate-backed, energy, transportation and utilities sectors. Before joining the firm in 2000, he worked as an analyst at Banc of America Securities specializing in originating and structuring asset-backed securities. Dan received a BS in business from Miami University in Ohio and an MBA at the J.L. Kellogg School of Management at Northwestern University. He also holds the Chartered Financial Analyst® designation and is a member of the CFA® Institute and the CFA Society of Chicago. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
1.67 | 17.42 | 8.03 | 6.25 |