Nuveen Taxable Municipal Income FundNBB
NBB
About: Nuveen Taxable Municipal Income Fund is a closed-end fund incorporated in the United States. Its primary objective is current income through investments in taxable municipal securities; the secondary objective is to seek enhanced portfolio value and total return. The fund invests primarily in a diversified portfolio of taxable municipal securities.
0
Funds holding %
of 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
32% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 19
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
1% more funds holding
Funds holding: 74 [Q2] → 75 (+1) [Q3]
7.51% less ownership
Funds ownership: 47.53% [Q2] → 40.02% (-7.51%) [Q3]
11% less capital invested
Capital invested by funds: $217M [Q2] → $194M (-$23M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for NBB.
Financial journalist opinion
Neutral
Business Wire
8 months ago
Nuveen Closed-End Funds Declare Distributions
NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Additionally, several funds have announced distribution increases of up to 71%. The distribution.
Neutral
Seeking Alpha
8 months ago
NBB: Outlook For Taxable Munis Remains Modest In 2024 (Rating Downgrade)
Here is an evaluation of the Nuveen Taxable Municipal Income Fund as an investment option at its current market price. After a nice run since mid-2023, I view the recent gains as a time to take some profit and am downgrading my outlook going forward. Taxable munis remain challenged by higher interest rates and inaction by the Fed. Further, investors have poured into the sector in 2024, mitigating the contrarian play I saw last year.
Positive
Seeking Alpha
9 months ago
Dissecting The Current CEF Sell-Off And Opportunities
We take a look at the shape of the current CEF sell-off. The sell-off has followed a similar pattern to previous instances, with equity funds falling more than fixed-income funds, leveraged funds underperforming and discounts widening. Longer-duration assets may become more compelling as longer-term rates rise, and investors should consider adding them to their portfolios.
Positive
Seeking Alpha
1 year ago
CEF Weekly Commentary | Swap Some MAIN Bonds?
Macro markets saw positive movement, with the S&P 500 up 1.81% and bonds performing well. The PPI report offset slightly hot CPI, leaving uncertainty about how the Fed will respond to rising inflation figures. PIMCO Corp & Inc Strat (PCN), a fund I've been high on for some time, has gone parabolic. There was a recommendation from a Seeking Alpha author that likely drove.
Positive
Seeking Alpha
1 year ago
The Month In Closed-End Funds: December 2023
For the second consecutive month, both equity (+3.42% on a NAV basis) and fixed income (+3.14%) CEFs on average posted plus-side returns. At month end, 9% of all CEFs traded at a premium to their NAV, with 9% of equity CEFs and 8% of fixed income CEFs trading in premium territory. Developed Markets CEFs (+6.45%), for the second straight month, outpaced the other classifications in the equity CEF universe for December.
Negative
Seeking Alpha
1 year ago
NBB: Yield Is Low Versus Alternatives And Bonds Are Overpriced
The Nuveen Taxable Municipal Income Fund has a lower current yield compared to other comparable closed-end fixed-income funds. The NBB closed-end fund's price performance has been worse than the ICE BofAML US Taxable Municipal Securities Index over the past five years. The NBB fund's use of leverage and exposure to states with strained finances pose risks for investors.
Neutral
Business Wire
1 year ago
Two Nuveen Closed-End Funds Declare Distributions
NEW YORK--(BUSINESS WIRE)--Two Nuveen closed-end funds have declared additional cash distributions with the record, ex-dividend and payable date outlined below. The following dates apply to today's distribution declarations for the following taxable closed-end funds: Record Date December 27, 2023 Ex-Dividend Date December 26, 2023 Payable Date December 29, 2023 Taxable Per Share Distribution Amount Ordinary Short-Term Long-Term Ticker Exchange Fund Name Income Capital Gain Capital Gain.
Neutral
Business Wire
1 year ago
Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies
NEW YORK--(BUSINESS WIRE)--Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the regular monthly and quarterly distributions. In addition, the Board of Trustees has approved updated distribution polices described below under “Monthly & Quarterly Distributions” for The Nuveen Preferred & Income Opportunities Fund (NYSE: JPC), Nuveen Preferred and Income Term Fund (NYSE: JPI), Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD), Nuveen.
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