Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Credit Opportunities Fund (NMCO) is a diversified, closed-end management investment company that aims to provide a high level of current income exempt from regular U.S. federal income tax, with a secondary objective of total return. The fund primarily invests in high-yielding, low- to medium-quality municipal securities that are rated Baa/BBB or lower, or are unrated but judged by portfolio managers to be of comparable quality. No more than 30% of the fund's managed assets will be in municipal securities rated CCC+/Caa1 or lower, or unrated but judged to be of comparable quality. Additionally, no more than 10% of managed assets can be in defaulted securities or those of issuers in bankruptcy or insolvency proceedings at the time of investment. NMCO emphasizes credit selection and active management strategies to identify undervalued opportunities in both public and private municipal markets. The fund allocates capital across general obligation bonds, revenue bonds, taxable municipal debt, and non-investment-grade securities when market conditions warrant. It may also use derivatives for hedging and yield enhancement. The fund diversifies across sectors such as healthcare, education, transportation, and utilities to manage risk and capture income streams. NMCO utilizes leverage and has a 12-year term with the potential to convert to perpetual. The fund was founded on April 18, 2019, and is headquartered in Chicago, IL. Sources: [1] https://www.nuveen.com/en-us/closed-end-funds/nmco-nuveen-municipal-credit-opportunities-fund [2] https://www.sec.gov/Archives/edgar/data/1774342/000119312519120377/d725000dn2.htm [3] https://www.marketbeat.com/stocks/NYSE/NMCO/ [4] https://www.morningstar.com/cefs/xnys/nmco/strategy [5] https://documents.nuveen.com/Documents/Nuveen/Default.aspx?uniqueId=aad7f5ad-1fb7-4f35-8f96-c3e300de4ee5 [6] https://stockanalysis.com/stocks/nmco/company/ [7] https://stockanalysis.com/stocks/nmco/