Nuveen AMT-Free Municipal Credit Income Fund
NVG
New York Stock Exchange- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 333 West Wacker Drive Chicago IL United States of America 60606-1220
- IPO Date
- Sep 12, 2002
- CIK
- 0001090116
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen AMT-Free Municipal Credit Income Fund (NVG) is a closed-end fixed income fund that seeks to provide current income exempt from regular federal income tax and federal alternative minimum tax, while enhancing portfolio value relative to the broader municipal bond market through investments in tax-exempt municipal securities the investment adviser deems underrated, undervalued, or representative of undervalued sectors. The fund primarily invests in a diversified portfolio of municipal bonds and related securities rated Baa/BBB or equivalent and higher, including investment-grade and below-investment-grade obligations from issuers such as state governments, local authorities, healthcare institutions, and transportation agencies; it may allocate up to 55% of managed assets to lower-rated municipal securities, municipal lease obligations, variable-rate demand notes, and other municipal derivatives; and it employs leverage through instruments like tender option bonds or borrowing facilities to boost yield potential, with an average portfolio maturity of approximately 17 years. NVG operates exclusively in U.S. municipal fixed income markets, targeting high-income individual and institutional investors seeking tax-advantaged income with prudent credit and interest rate risk management supported by Nuveen's research platform covering economic trends, tax policy, and issuer credit analysis. Launched in 1988 and managed by Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC, with portfolio managers Steven M. Hlavin and Paul L. Brennan, the fund is part of the Nuveen family and trades on the NYSE under the ticker NVG. In recent developments, NVG raised its monthly distribution earlier in 2025, reflecting aggressive yield enhancement amid high leverage and exposure to lower credit quality, which analysts expect to contribute to discount narrowing; distributions as of late 2025 are estimated to include components of capital gains and return of capital alongside net investment income. While NVG-specific operational shifts remain limited, its parent organization Nuveen has pursued broader strategic expansions in 2025, including the full acquisition of Brooklyn Investment Group in June to bolster multi-asset direct indexing and tax-managed solutions following a 2023 partnership, the creation of a global multi-asset infrastructure platform in October to organize $340 billion in private markets across real estate, infrastructure, and private capital, and substantial capital raises such as $785 million for Nuveen C-PACE Lending Fund III in July and $1.3 billion first close for Energy & Power Infrastructure Credit Fund II in August, underscoring ongoing enhancements to Nuveen's fixed income and alternatives capabilities that indirectly support funds like NVG.