Snapshot: NBB

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NUVEEN TAXABLE MUNICIPAL INCOME FUND

21.08down-0.12 (-0.57%)

 as of 4:10:00pm ET 01/20/2022

Please note: Closed end funds are subject to the risk of their underlying assets and investment strategy. Unlike open end funds, closed end funds trade on an exchange at a price which is often a discount to their net asset value (NAV). The market price may experience periods of increased volatility due to the use of leverage as well as market and fund illiquidity. Important information you should know about investing in closed-end funds.

Bid/Size 17.40/1
Ask/Size 23.16/1
Open 21.24
High 21.57
Low 21.08
Previous Close
AS OF 01/20/2022
21.08
Price Performance (Last 52 Wk) -11.54%
Volume 0
Volume (90-Day Average) 58,112
NAV (Daily) --
Bid/Ask Midpoint (Previous Day) --
Premium / Discount (1 Month Average)^
as of 12/31/2021
0.53%
NAV
as of 01/19/2022
21.96
NAV Update Frequency Daily
Options No
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Security Type

Closed End Fund

Asset Class

Taxable Bond

Morningstar Category

Long-Term Bond

Prospectus Objective

Government Bond - Treasury

Net Assets
AS OF 12/31/2021

$644.0M

Net Expense Ratio
AS OF 03/31/2021

1.37%

Sponsor

Nuveen Fund Advisors, LLC.

Inception Date

04/28/2010

Financial Year-End

March 31, 2021

Benchmark Index

Bloomberg Taxable Municipal TR USD

Legal Structure

Closed End Fund

Total Holdings
AS OF 12/31/2021

151

Investment Objective Summary

Primary objective is current income through investments in taxable municipal securities. Secondary objective is to seek enhanced portfolio value and total return. The Fund invests primarily in a diversified portfolio of taxable municipal securities. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade.

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News, Commentary & Events

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News

Commentary

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Analyst Opinions

Analyst Ratings

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Key Statistics

Bond Holdings Valuation AS OF 12/31/2021

Average Duration --
Average Maturity --
Average Coupon % 6.86%

Distributions as of 01/20/2022

Total Distribution Rate (Market Price) 6.14%
Total Distribution Rate (NAV) 5.93%
See all Key Stats

Compare

NBB
NUVEEN TAXABLE MUNICIPAL INCOME FUND
Asset Class Median
Market Capitalization
AS OF 12/31/2021
915.2M 515.9M
Volume (10-Day Avg)
AS OF 01/19/2022
109.4K 97.4M
YTD Market Price Total Return
AS OF 12/31/2021
+0.97% +10.51%
1 Month Market Price Total Return
AS OF 12/31/2021
+0.66% +0.54%
1 Year Market Price Total Return
AS OF 12/31/2021
+0.97% +10.51%
1 Year NAV Total Return
AS OF 12/31/2021
+4.25% +6.13%
3 Year Annualized Market Price Total Return
AS OF 12/31/2021
+11.38% +10.51%
Beta (Market Price 1 Yr)
AS OF 12/31/2021
1.60 0.11
Annual Turnover Ratio
AS OF 3/31/2021
9.00% 48.00%
Net Expense Ratio
AS OF 03/31/2021
1.47% 1.80%
Total Expense Ratio (Adjusted)
AS OF 03/31/2021
1.37% 1.59%
Compare to Other CEFs

Performance

Premium / Discount to NAV^ as of 12/31/2021

Premium Chart
Date Average
12/2021 0.53%
11/2021 -1.56%
10/2021 1.19%
09/2021 0.39%
08/2021 0.65%
07/2021 0.60%
06/2021 1.83%
05/2021 0.93%
04/2021 1.29%
03/2021 2.17%
02/2021 -0.84%
01/2021 2.82%
Quarter-End Average Annual Total ReturnsAS OF 12/31/2021
NAV Return Market Return
1 Year +4.25% +0.97%
3 Year +8.41% +11.38%
5 Year +6.72% +7.88%
10 Year +6.78% +7.43%
Life +7.70% +7.63%
Life as of inception date: 04/28/2010       Gross Expense Ratio: 1.47

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

More about Performance & Risk

Portfolio Composition

Reported by Fund Sponsor

Top 10 HoldingsAs of 12/31/2021

WASHINGTON ST CONVENTION CTR PUB FACS DIST 6.79% 3.72%
MUNICIPAL ELEC AUTH GA 7.055% 2.95%
METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 7.462% 2.3%
OKLAHOMA DEV FIN AUTH HEALTH SYS REV 5.45% 2.24%
DALLAS TEX CONVENTION CTR HOTEL DEV CORP HOTEL REV 7.088% 2.18%
LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV 7.618% 2.06%
TENDER OPT BD TR RCPTS / CTFS VAR STS 29.93251% 1.97%
NORTH TEX TWY AUTH REV 6.718% 1.91%
ILLINOIS ST 6.725% 1.89%
GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV 3.236% 1.79%
Assets in Top 10 Holdings23.01%

Credit Quality  AS OF 11/30/2021

Type % Bonds
AAA 6.35
AA 44.93
A 27.87
BBB 13.01
BB 2.15
B 1.11
Below B 0.00
Not Rated 4.57

Maturity  AS OF 12/31/2021

% Bonds
10 to 15 Years 10.06
15 to 20 Years 40.28
1 to 3 Years 0.34
20 to 30 Years 37.38
3 to 5 Years 0.00
5 to 7 Years 2.82
7 to 10 Years 1.07
Over 30 Years 8.06
More about Portfolio Composition
*The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly performance (including the effects of sales charges, loads and redemption fees, if applicable), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)

The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Distributions are not guaranteed and the amount of distributions will vary depending on a number of factors. Market prices and investment return will vary, therefore you may have a gain or loss when you sell your shares. Click on the "Performance & Risk" link to view quarter-end performance. All performance data is for the common shares of the fund. Total distribution rate (at market or NAV) may include unknown combinations of income, capital gains and return of capital.

Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated.

^Premium/Discount to NAV represents the percentage by which the funds market price exceeds or is less than net asset value (NAV). Shares of closed-end funds frequently trade at a market price that is a discount to their NAV.

Top holdings are as of the date indicated and may not be representative of the funds current or future investments.

News, commentary and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate closed end funds. Criteria and inputs entered, including the choice to make closed end fund comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating closed end funds. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

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Before investing in any fund, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for the most recent shareholder report for this information. Read it carefully. Please also review information provided by the fund on its web site.