Nuveen Municipal Credit Income Fund

Nuveen Municipal Credit Income Fund

Actively managed U.S. bond closed-end fund
$2.45B NAV
662 positions · as of 2026-04-30 · filed 2026-06-24

Fund classification

Classified from what the fund holds · as of 2026 Q2

Nuveen Municipal Credit Income Fund is an actively managed U.S. bond closed-end fund.

Asset class
Bonds
Region
United States
Management
Actively managed
Fund type
Closed-end fund
Credit quality
Mixed credit
Rate sensitivity
Long duration

Fund profile

This fund files no prospectus profile. Unit investment trusts and closed-end funds register on forms that carry no objective or fee tagging, and some fund families file without it — a gap in what was filed, not a fund without an objective or without fees.

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

165.37%
of net assets
Bonds165.36%
Loans0.01%

These positions come to 165.37% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 4 new13 exited

New: Black Belt Energy Gas District, Alabama, Gas Project Revenue Bonds, Series 2024A, Louisiana Publics Facilities Authority, Louisiana, Revenue Bonds, I-10 Calcasieu River Bridge Public-Private Partnership Project, Senior Lien Series 2, Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Refunding Project Second Lien Series 2026A, Metropolitan Wastewater Reclamation District, Colorado, Sewer Revenue Bonds, Improvement Series 2026A

Largest exited: Southeast Energy Authority, Alabama, Revenue Bonds, Cooperative District Energy Supply Series 2025A, New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, John F Kennedy International Airport New Terminal 1 Project, Gulf Coast Industrial Development Authority, Texas, Solid Waste Disposal Revenue Bonds, Citgo Petroleum Corporation Project, Series 1998, Indianapolis Local Public Improvement Bond Bank, Indiana, Series 1999E, Dallas Independent School District, Dallas County, Texas, General Obligation Bonds, Refunding & School Building Series 2025B, Arkansas Development Finance Authority, Industrial Development Revenue Bonds, Big River Steel Project, Series 2019, San Joaquin Hills Transportation Corridor Agency, Orange County, California, Refunding Senior Lien Toll Road Revenue Bonds, Series 2021A, Montgomery Independent School District, Montgomery County, Texas, General Obligation Bonds, School Building Series 2024B

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+7.89%
3-year
+11.91%
5-year
-1.73%
Volatility
7.83%
Worst 3-yr fall
-11.02%
Cumulative return· May 2023 – Apr 2026

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30

Avg coupon
4.33%
Avg maturity
21.12 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

3%
floating
Fixed rate97.3%
Floating rate2.7%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y10y+
<1y0.8%
1-3y3.2%
3-5y2.1%
5-10y9.6%
10y+84.3%
Flagged holdings
Defaulted: 0.49% · $19.63M · 38 positions
In arrears: 0.46% · $18.47M · 8 positions
Paid in kind: 0.01% · $0.22M · 1 positions

These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2

Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.

Interest-rate duration
13.18 yr
approx. move per 100bp
Credit-spread duration
11.48 yr
approx. move per 100bp
If rates and spreads both rise 100bp

Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.

≈ -24.5%
of value
Interest rates53%
Credit spreads47%

Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.

Credit risk by quality

Share of the fund's spread duration carried by each credit tier.

+11.48
yrs total
Investment grade+9.45 yr
High yield+2.03 yr
Where the risk sits on the curve

Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.

Interest rate13.18 yr total
3 mo30 yr
3 mo0.20 yr2%
1 yr0.71 yr5%
5 yr2.04 yr15%
10 yr5.78 yr44%
30 yr4.44 yr34%
Credit spread11.48 yr total
3 mo30 yr
3 mo0.01 yr0%
1 yr0.11 yr1%
5 yr0.69 yr6%
10 yr3.32 yr29%
30 yr7.34 yr64%

The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.

Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.20+0.01+0.00$2.8k$71
1 yr+0.71+0.11+0.00$27.3k$653
5 yr+2.04+0.64+0.05$156.7k$13.2k
10 yr+5.78+2.72+0.60$665.2k$147.4k
30 yr+4.44+5.97+1.37$1.46m$335.5k

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-15.00% · due 2058-07-014.15%$101.43M
Texas Private Activity Bond Surface Transporation Corporation, Senior Lien Revenue Bonds, NTE Mobility Partners Segments 3 LLC Segments 3C Project, Se5.00% · due 2058-06-303.69%$90.17M
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series 20145.00% · due 2044-11-153.34%$81.73M
New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A5.25% · due 2050-01-012.80%$68.37M
New York Transportation Development Corporation, New York, Special Facilities Revenue Bonds, Terminal 6 John F Kennedy International Airport Redevelop5.50% · due 2060-12-311.93%$47.09M
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A0.00% · due 2038-12-151.61%$39.44M
Public Finance Authority, Wisconsin, Toll Revenue Bonds, Georgia SR 400 Express Lanes Project, Senior Lien Series 20255.75% · due 2060-06-301.58%$38.67M
Illinois Finance Authority, Revenue Bonds, Mercy Health Corporation, Series 20165.00% · due 2046-12-011.55%$37.84M
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018A5.25% · due 2043-12-011.49%$36.47M
Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds, First Tier Series 20165.00% · due 2051-07-011.40%$34.18M
Showing 10 of 662Sign in to see more

Top 10 positions are 23.53% of net assets, top 25 42.05%, across 480 issuers.

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