Nuveen Taxable Municipal Income:NBB

    Manage Alerts

    Overview

    As of 2/21/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$23.39$22.981.78%
    52 Wk Avg$21.45$21.95-2.33%
    52 Wk High$23.40$23.031.78%
    52 Wk Low$19.63$20.77-5.66%
    Regular Distribution TypeIncome Only
    Distribution Rate4.75%
    Distribution Amount$0.0925
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund is a newly organized, diversified, closed-end management investment company. The Funds primary investment objective is to provide current income through investments in taxable municipal securities. As a secondary objective, the Fund will seek to enhance portfolio value and total return. The Fund seeks to achieve its investment objectives by investing primarily in a diversified portfolio of taxable municipal securities known as Build America Bonds. The Fund believes there could be an opportunity to capitalize on the developing market for Build America Bonds by investing in taxable municipal issues at attractive market yields relative to the yields on equivalently rated corporate bonds. Nuveen Asset Management will use its credit research driven investment process to assemble a diversified portfolio. In addition, the Fund will use an integrated leverage and hedging strategy that, in the advisors judgment, has the potential to enhance income and risk-adjusted total return over time. The Funds overall goal is to outperform over time the Barclays Capital Build America Bond Index, an unleveraged index representing the Build America Bond market, while maintaining a comparable overall level of interest rate risk.

    Capital Structure

    As of 2/21/2020

    Total Investment Exposure:$976.093M
    Total Common Assets:$628.638M
    Common Shares Outstanding:27,355,891
    Leverage

    As of 2/28/2019

    Preferred Share Assets:
    Total Debt (USD): $347.455M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $347.455M
    Effective Leverage (%): 35.60%
    Annual Expense Ratios

    As of 3/31/2019

      Per Common Share
    Management Fees0.83%
    Other Expenses:0.18%
    Baseline Expense: N/A
    Interest Expense:0.63%
    Total: 1.64%
    Fund Management

    Fund Sponsor
    Nuveen Fund Advisors, LLC.

    Portfolio Managers
    Daniel J. Close, John V. Miller

    Basics
    Category: Fixed Income - Taxable-Taxable Muni
    Ticker: NBB
    NAV Ticker: XNBBX
    Average Daily Volume (shares): 72,760
    Average Daily Volume (USD): $1.559M
    Inception Date: 4/28/2010
    Inception Share Price: $20.00
    Inception NAV: $19.10
    Tender Offer: No
    Term: No
    Fiscal Year End: March 31
    Third Party Links & Reports

    Distributions

    As of 2/21/2020

    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

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 9/30/2019
    $0.3708
    Annualized Distribution Rate on NAV:
    As of 2/21/2020
    4.83%
    Total Return on NAV (12 months):
    As of 2/21/2020
    15.93%
    Avg. Portfolio Coupon:
    As of 2/21/2020
    9.10%
    Total % Portfolio Effectively Leveraged:
    As of 2/21/2020
    35.60%

    For the latest UNII information on this fund, please visit the Nuveen fund page.

    Pricing Information

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

    As of 2/24/2020

    PeriodAvg Discount
    6 Month-1.29%
    1 Year-2.33%
    3 Year-3.77%
    5 Year-4.39%
    Z-Score

    As of 2/21/2020

    PeriodZStat
    3 Month2.73
    6 Month3.20
    1 Year2.97
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 2/21/2020
    Category: Morningstar US CEF Taxable Muni

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD3.64%4.35%4.06%4.25%
    201919.49%11.38%20.35%10.50%
    2018-6.38%-2.14%-3.39%-1.46%
    201712.97%11.02%11.55%8.87%
    20169.13%6.50%7.26%5.48%
    20151.49%-2.28%3.02%0.77%
    201423.13%22.02%17.45%17.53%
    2013-6.49%-2.53%-7.25%-4.25%
    20129.88%12.48%12.76%12.46%
    201120.32%19.83%22.75%22.56%
    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 2/21/2020
    Category: Morningstar US CEF Taxable Muni

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 2/21/2020
    9.10%
    Number of Holdings:
    As of 12/31/2019
    126
    Annual Portfolio Turnover:
    As of 3/31/2019
    4.00%
    Pre-Refunded:
    6.49%
    Average Bond Price:
    As of 12/31/2019
    $115.47
    Asset Allocation

    As of 12/31/2019 reported by Fund Sponsor

    Top Sectors

    As of 12/31/2019 reported by Fund Sponsor

    Sector%Portfolio
    Municipal96.90%
    Municipal (Super Sector)96.90%
    Government (Super Sector)-0.18%
    Government Related-0.18%
    Cash Equivalents-20.20%
    Cash Equivalents (Super Sector)-20.20%
    Call Exposure

    As of 11/29/2019 reported by Fund Sponsor

    State Allocation

    As of 12/31/2019 reported by Fund Sponsor

    State% Portfolio
    California19.45%
    New York10.50%
    Illinois9.27%
    Texas6.77%
    Ohio6.73%
    Georgia5.12%
    New Jersey2.80%
    Oklahoma2.68%
    Tennessee2.58%
    Washington2.49%
    Top Holdings

    As of 12/31/2019 reported by Fund Sponsor

    HoldingValue% Portfolio
    Net Other Assets$179.71M23.48%
    MUNICIPAL ELEC AUTH GA 7.06%$24.23M3.17%
    OKLAHOMA DEV FIN AUTH HEALTH SYS REV 5.45%$20.50M2.68%
    WASHINGTON ST CONVENTION CTR PUB FACS DIST 6.79%$19.06M2.49%
    DALLAS TEX CONVENTION CTR HOTEL DEV CORP HOTEL REV 7.09%$18.76M2.45%
    NORTHEAST OHIO REGL SWR DIST WASTEWTR REV 6.04%$18.51M2.42%
    LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV 7.62%$17.66M2.31%
    METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 7.46%$16.56M2.16%
    ILLINOIS ST 6.72%$16.44M2.15%
    NORTH TEX TWY AUTH REV 6.72%$16.16M2.11%
    Credit Quality

    As of 8/31/2019 reported by Fund Sponsor

    Maturity Breakdown

    As of 12/31/2019 reported by Fund Sponsor

    Country Allocation

    As of 12/31/2019 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income96.90%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    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. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W