Nuveen Muni High Inc Opp:NMZ

    Overview

    As of 12/19/2014

     Share
    Price
    NAVPremium/
    Discount
    Current$13.32$13.77-3.27%
    52 Wk Avg$12.93$13.23-2.21%
    52 Wk High$13.54$13.860.97%
    52 Wk Low$11.75$12.18-5.11%
    Regular Distribution TypeIncome Only
    Distribution Rate6.85%
    Distribution Amount$0.0760
    Distribution FrequencyMonthly
    Taxable Equivalent Yield†10.54%
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks to provide high current income exempt from regular federal income tax; its secondary investment objective is to seek total return consistent with its primary objective.

    Capital Structure

    As of 12/19/2014

    Total Net Assets:$776.762M
    Total Common Assets:$689.496M
    Common Shares Outstanding:50,072,301
    Leverage

    As of 10/31/2014

    Preferred Share Assets: $87.000M
    Type of Preferred: Variable Rate MuniFund Term Pref
    Total Debt (USD):
    Structural Leverage (USD): $87.000M
    Structural Leverage (%): 11.25%
    Effective Leverage (USD): $325.000M
    Effective Leverage (%): 32.14%
    Preferred Share Rates
    Date Symbol Series Rate Shares
    Annual Expense Ratios

    As of 10/31/2014

      Per Common Share
    Management Fees1.00%
    Other Expenses:0.07%
    Baseline Expense: 1.07%
    Interest Expense:0.20%
    Total: 1.28%

    Fund Management

    Fund Sponsor
    Nuveen Fund Advisors

    Portfolio Managers
    John Miller (19 Nov 2003)

    Basics
    Category:Tax-Free Income-High Yield
    Ticker:NMZ
    NAV Ticker:XNMZX
    Average Daily Volume (shares):
    Average Daily Volume (USD): 
    Inception Date:11/19/2003
    Inception Share Price:$15.00
    Inception NAV:$14.33
    Tender Offer:No
    Term:No
    Fiscal Year End:October 31
    Third Party Links & Reports

    Distributions

    As of 12/19/2014

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC
    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 10/31/2014
    $0.0749
    Annualized Distribution Rate on NAV:
    As of 12/19/2014
    6.63%
    Total Return on NAV (12 months):
    As of 12/19/2014
    21.20%
    Avg. UNII Per Share:
    As of 10/31/2014
    $0.0492
    Avg. Portfolio Coupon:
    As of 12/19/2014
    5.89%
    Total % Portfolio Effectively Leveraged:
    As of 12/19/2014
    32.14%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 12/19/2014

    PeriodAvg Discount
    6 Month-3.48%
    1 Year-2.21%
    3 Year-0.09%
    5 Year2.74%
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 12/19/2014
    Category: Municipal High Yield Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD19.17%21.00%17.69%18.97%
    2013-8.64%-3.49%-9.80%-5.51%
    201224.63%23.12%16.86%21.01%
    201115.28%18.63%19.86%14.73%
    2010-1.29%4.04%2.95%5.54%
    200953.28%60.50%72.51%52.14%
    2008-34.01%-42.23%-37.74%-35.89%
    2007-9.61%-1.29%-9.35%-2.82%
    200617.31%10.39%14.62%10.36%
    200513.95%11.01%8.40%7.58%
    20047.42%11.32%5.61%8.87%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 12/19/2014
    Category: Municipal High Yield Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    AMT:
    As of 10/31/2014
    6.41%
    Average Coupon:
    As of 12/19/2014
    5.89%
    Number of Holdings:
    As of 7/31/2014
    486
    Annual Portfolio Turnover:
    As of 10/31/2014
    8.00%
    Pre-Refunded:
    As of 11/28/2014
    1.24%
    Average Bond Price:
    As of 11/28/2014
    $99.82
    Average Priced To Date:
    As of 11/28/2014
    2023
    Asset Allocation

    As of 11/28/2014 reported by Fund Sponsor

    Top Sectors

    As of 11/28/2014 reported by Fund Sponsor

    Sector%Portfolio
    Tax Obligation/Limited 20.80%
    Health Care 19.70%
    Education and Civic Organ16.20%
    Transportation 6.90%
    Utilities 6.70%
    Tax Obligation/General 5.10%
    Industrials 4.80%
    Consumer Staples 3.80%
    Long Term Care 3.50%
    Housing/Multifamily 3.30%
    Call Exposure

    As of 11/28/2014 reported by Fund Sponsor

    State Allocation

    As of 11/30/2014 reported by Fund Sponsor

    State% Portfolio
    California19.10%
    Florida10.10%
    Illinois7.60%
    Colorado5.60%
    Texas5.40%
    Arizona5.20%
    Indiana4.10%
    Nebraska3.20%
    Louisiana3.10%
    Ohio2.90%
    Top Holdings

    As of 7/31/2014 reported by Fund Sponsor

    HoldingValue% Portfolio
    Omaha Pub Pwr Dist 20.24 01 Aug 2040$11.33M1.14%
    Energysolutions, Llc, Term Loan$9.61M0.96%
    Louisiana Loc Govt Environment Rev 6.75% 6.75 01 Nov 2032$9.47M0.95%
    Washington St Health Care Facs Rev 5.7% 5.70 01 Dec 2032$9.27M0.93%
    American Airlines Group Inc$8.84M0.89%
    Golden St Tob Securitization C Tob 5.75% 5.75 01 Jun 2047$7.27M0.73%
    Tennessee Engy Acquisition C Jr R 5.625% 5.63 01 Sep 2026$6.84M0.69%
    Decatur Tex Hosp Auth 7.125% 7.13 01 Sep 2034$6.64M0.67%
    Carmel Ind Redev Dist 6.65% 6.65 15 Jan 2024$6.38M0.64%
    Utah St Charter Sch Fin Auth 5.8% 5.80 15 Jun 2038$5.69M0.57%
    Texas Private Activity Bd Surf Sr Lie 7% 7.00 30 Jun 2040$5.36M0.54%
    Credit Quality

    As of 11/28/2014 reported by Fund Sponsor

    Maturity Breakdown

    As of 11/28/2014 reported by Fund Sponsor

    Country Allocation

    As of 7/15/2013 reported by Fund Sponsor

    Country% Portfolio
    USA 100.00%

    CEFConnect.com makes data for the universe of closed-end funds available as a courtesy to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value.

    Data provided by MorningstarData Provided by Morningstar