Expenses
Basis: Percent of net assets attributable to common shares (SEC N-2 fee table, Inline XBRL) · Form 424B2 · source filing. A management fee charged on managed assets (including leverage) is a larger share of common net assets than the headline rate suggests.
Illustrative cost of $10,000
Leverage
Leverage amplifies both gains and losses and increases the volatility of NAV and market price. Financing costs (interest on borrowings, dividends on preferred shares) reduce distributable income and are included in the total expense ratio when the fund reports them that way. Instruments, fixed-versus-floating terms, reset dates and maturities are described in the notes to the financial statements. “No reported borrowing” does not rule out economic leverage from derivatives or structured instruments.
Where to verify
- Annual shareholder report (Form N-CSR) — NUVEEN MUNICIPAL CREDIT OPPORTUNITIES FUND (Oct 31, 2025)
- Annual shareholder report (Form N-CSR) — NUVEEN MUNICIPAL CREDIT OPPORTUNITIES FUND (Oct 31, 2024)
- Annual shareholder report (Form N-CSR) — NUVEEN MUNICIPAL CREDIT OPPORTUNITIES FUND (Oct 31, 2023)
- Annual shareholder report (Form N-CSR) — NUVEEN MUNICIPAL CREDIT OPPORTUNITIES FUND (Jan 9, 2023)
CEF Explorer research page for Nuveen Municipal Credit Opportunities Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.