Nuveen Muni High Inc Opp:NMZ

    Overview

    As of 4/22/2014

     Share
    Price
    NAVPremium/
    Discount
    Current$12.85$14.63-12.17%
    52 Wk Avg$12.24$12.59-2.84%
    52 Wk High$13.89$13.751.25%
    52 Wk Low$10.90$11.81-9.09%
    Regular Distribution TypeIncome Only
    Distribution Rate7.10%
    Distribution Amount$0.0760
    Distribution FrequencyMonthly
    Taxable Equivalent Yield†10.93%
    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 4/22/2014

    Total Net Assets:$740.565M
    Total Common Assets:$653.707M
    Common Shares Outstanding:50,054,086
    Leverage

    As of 3/31/2014

    Preferred Share Assets: $87.000M
    Type of Preferred: Variable Rate MuniFund Term Pref
    Total Debt (USD):
    Structural Leverage (USD): $87.000M
    Structural Leverage (%): 11.87%
    Effective Leverage (USD): $325.000M
    Effective Leverage (%): 33.48%
    Preferred Share Rates
    Date Symbol Series Rate Shares
    Annual Expense Ratios

    As of 10/31/2013

      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 4/22/2014

    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 3/31/2014
    $0.0764
    Annualized Distribution Rate on NAV:
    As of 4/22/2014
    6.99%
    Total Return on NAV (12 months):
    As of 4/22/2014
    2.80%
    Avg. UNII Per Share:
    As of 3/31/2014
    $0.0474
    Avg. Portfolio Coupon:
    As of 4/22/2014
    7.49%
    Total % Portfolio Effectively Leveraged:
    As of 4/22/2014
    33.48%

    Pricing Information

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

    As of 4/22/2014

    PeriodAvg Discount
    6 Month-2.50%
    1 Year-2.84%
    3 Year1.24%
    5 Year4.52%
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 4/22/2014
    Category: Municipal High Yield Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD9.70%9.64%9.99%8.20%
    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 4/22/2014
    Category: Municipal High Yield Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    AMT:
    As of 2/28/2014
    7.12%
    Average Coupon:
    As of 4/22/2014
    7.49%
    Number of Holdings:
    As of 2/28/2014
    472
    Annual Portfolio Turnover:
    As of 10/31/2013
    8.00%
    Pre-Refunded:
    As of 3/31/2014
    0.97%
    Average Bond Price:
    As of 3/31/2014
    $94.90
    Average Priced To Date:
    As of 3/31/2014
    2026
    Asset Allocation

    As of 3/31/2014 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2014 reported by Fund Sponsor

    Sector%Portfolio
    Tax Obligation/Limited 23.65%
    Education and Civic Organ15.85%
    Health Care 15.32%
    Transportation 7.23%
    Industrials 6.77%
    Housing/Multifamily 4.99%
    Utilities 4.82%
    Consumer Discretionary 4.48%
    Consumer Staples 4.25%
    Long Term Care 3.83%
    Call Exposure

    As of 3/31/2014 reported by Fund Sponsor

    State Allocation

    As of 3/31/2014 reported by Fund Sponsor

    State% Portfolio
    California13.58%
    Florida12.87%
    Illinois7.56%
    Texas7.29%
    Colorado6.15%
    Arizona5.07%
    Louisiana3.44%
    Indiana3.06%
    Michigan2.89%
    Ohio2.68%
    Top Holdings

    As of 2/28/2014 reported by Fund Sponsor

    HoldingValue% Portfolio
    Omaha Pub Pwr Dist 01 Aug 2040$10.16M1.05%
    Louisiana Loc Govt Environment Rev 6.75% 6.75 01 Nov 2032$9.12M0.94%
    Washington St Health Care Facs Rev 5.7% 5.70 01 Dec 2032$9.06M0.94%
    Harmony Cmnty Dev Dist 7.25% 7.25 01 May 2032$7.87M0.81%
    Decatur Tex Hosp Auth 7.125% 7.13 01 Sep 2034$6.69M0.69%
    Tennessee Engy Acquisition C Jr R 5.625% 5.63 01 Sep 2026$6.56M0.68%
    Carmel Ind Redev Dist 6.65% 6.65 15 Jan 2024$6.36M0.66%
    Westchester Cmnty Dev Dist 6.125% 6.13 01 May 2035$6.23M0.64%
    Maricopa Cnty Ariz Indl Dev Au Re 6.625% 6.63 01 Jan 2034$5.68M0.59%
    Utah St Charter Sch Fin Auth 5.8% 5.80 15 Jun 2038$5.55M0.57%
    North Carolina Cap Facs Fin Ag Rev 6.75% 6.75 01 Jul 2029$5.18M0.54%
    Credit Quality

    As of 3/31/2014 reported by Fund Sponsor

    Maturity Breakdown

    As of 3/31/2014 reported by Fund Sponsor

    Country Allocation

    As of 7/15/2013 reported by Fund Sponsor

    Country% Portfolio
    USA 100.00%

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