NVG: Nuveen AMT-Free Municipal Credit Income Fund
Nuveen · CEF - Fixed Income · Tracks Municipal Bonds
Growth of $100
Green is what an investor who reinvested every payout would have; red is the price alone. The gap between them is the income. If the red line keeps falling, the payouts are partly your own money coming back.
Was the payout earned?
Over the last year NVG paid 8.2% but its total return was -0.2%, so none of the payout was earned: the price fell by more than the fund paid out.
| Earned % (3 months) | below -100% |
| Earned % (1 year) | -3% |
| Earned % (full history, up to 5 yrs) | -52% |
Earned % = total return ÷ payouts. 100% means every dollar paid out was earned; below 100% means part of it came from the fund's own value. This is an economic measure based on market price, not the tax label on the payout.
Where the DT Score comes from
Total 35.1 / 100 · rank #264 of 420. How the score works
Risk
| Sortino ratio (1Y) | -0.46 |
| Sharpe ratio (1Y) | -0.33 |
| Steadiness vs S&P 500 | 99% |
| Beta to S&P 500 | 0.32 |
| Correlation to S&P 500 | 0.32 |
| Max drop (1Y) | -19.1% |
| Max drop (up to 5 yrs) | -40.5% |
| Trend | Mixed |
| History | 5.0 yrs |
Vs. MUB (what it's built on)
| Upside capture | 229% |
| Downside capture | 240% |
| Capture ratio | 0.95 |
| Beta | 2.29 |
| Correlation | 0.62 |
| Tracking | Weakly |
On days MUB rose, NVG caught 229% of the gain; on days it fell, NVG took 240% of the loss.
Payout history
Each bar is one payout (last 36 shown). Pays Monthly.
| Ex-date | Amount |
|---|---|
| 2026-10-15 | $0.0790 |
| 2026-09-15 | $0.0790 |
| 2026-08-14 | $0.0790 |
| 2026-07-15 | $0.0790 |
| 2026-06-15 | $0.0790 |
| 2026-05-15 | $0.0790 |
| 2026-04-15 | $0.0790 |
| 2026-03-13 | $0.0790 |
| 2026-02-13 | $0.0790 |
| 2026-01-15 | $0.0790 |
| 2025-12-15 | $0.0790 |
| 2025-11-14 | $0.0790 |
Funds that track the same thing
Other Municipal Bonds income funds, ranked by DT Score. See them all · Compare NVG with the top 3
| Fund | Category | Fwd rate | 12m yield | 1Y total ret. | Earned % 1Y | Upside capt. | Downside capt. | Tracking | DT Score | Momentum | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OVM Overlay Shares Municipal Bond ETF | Bonds / Fixed Income | 5.2% | 5.8% | +3.0% | 53% | 132% | 125% | Loosely | 44 | 67 | Mixed |
| YYYM Amplify Municipal CEF High Income ETF | Fund of Funds / Multi-Strategy | 6.9% | 4.3% | – | – | 168% | 186% | Weakly | – | 51 | Up (short history) |
About NVG
| Issuer | Nuveen |
| Structure | CEF |
| Category | CEF - Fixed Income |
| Strategy | Leveraged national municipal bonds |
| Underlying | Munis |
| Exposure | Bonds / Treasuries |
| Index linkage | No - active |
| Pays | Monthly |
| Expense ratio | – |
| Launched | 2012 |
| Uses leverage | Yes |
| Upside capped | No |
| Rate sensitivity | High |
| Return of capital common | Sometimes |
| Tax notes | Tax-exempt federal |
Research notes: Nuveen merged several muni funds in Dec 2025-Apr 2026 (NOM, NXJ, NQP into NMZ etc.).
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