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ANALYTICS
AnalysisScreenerGroups

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NZF

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Benchmark

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Peer Universe

Reference set for percentile ranks and factor bars

Fixed Income Funds · 2,838 total

ANALYTICS
AnalysisScreenerGroups

NZF

Nuveen Municipal Credit Income Fund

AUM
$2.4B
Inception
10/3/2001
1Y Return
-6.8%6th %ilevs 2,838 asset-class peers
·

Nuveen Municipal Credit Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes. It seeks to invest in investment grade securities rated Baa/BBB or better with an average maturity of around 18 years. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against Standard & Poor's (S&P) National Municipal Bond Index. It was formerly known as Nuveen Enhanced Municipal Credit Opportunities Fund. Nuveen Municipal Credit Income Fund was formed on March 21, 2001 and is domiciled in the United States.

Time Series
–

Performance

NameCumulative ReturnAnn. ReturnAnn. VolSharpeMax DD
NZF
Nuveen Municipal Credit Income Fund
-6.8%-6.8%11.9%-0.89-14.9%
ⓘ Methodology

ETF performance based on market prices. Drag on chart to select period. Sharpe Ratio uses the one-month T-bill as the risk-free rate. From 10/7/2025 to 10/7/2026.

Trailing Returns

Name
YTD1D5D1M3M6M1Y2Y3Y5YMAX
NZF
Nuveen Municipal Credit Income Fund
-10.2%-2.1%-1.6%-9.9%-13.8%-9.6%-6.8%-1.7%8.6%-2.3%4.8%
ⓘ Methodology

ETF performance based on market prices. Returns for periods greater than one year are annualized. As of 10/7/2026.

Annual Returns

Name
2001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025YTD
NZF
Nuveen Municipal Credit Income Fund
-9.2%*7.1%12.0%6.4%12.2%15.1%-11.4%-21.1%44.4%5.8%19.3%9.0%-13.6%17.9%10.4%4.4%14.5%-6.8%28.3%3.6%11.2%-25.5%2.5%10.2%11.8%-10.2%
ⓘ Methodology

* partial year — the series ran for only part of it (its first year, or the year it closed); the figure is the return over the part it did run. ETF performance based on market prices. As of 10/7/2026.

Correlation Matrix

Benchmark

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Factor Regression

Name
Ann. αβ MKTβ SMBβ HMLβ RMWβ CMAβ UMDβ iHMLR²Obs
NZFUS
Nuveen Municipal Credit Income Fund
0.2%0.36**0.09-0.130.020.23**0.01-0.080.26226
ⓘ Methodology

ETF performance based on market prices. US factor set. Daily OLS of excess return (fund − T-bill) on factor spread returns over the selected date range, intersected with each series' history. Bold with * |t| ≥ 1.96, ** |t| ≥ 2.58. Cell shading tracks each loading's t-stat. Betas are returns-based — compare with the holdings-based factor scores below. Factor returns are long-short spread returns (© Ken French, Dartmouth). From 10/7/2025 to 8/31/2026.

SnapshotAs ofvsⓘ

Fund Profile

Registrant
Type
ETF
Asset Class
Fixed Income
Region
Peer Group Benchmark
Peer Group
Fixed Income - Muni Intermediate/Long (569 peers)
1Y Peer Percentile
6
3Y Peer Percentile
98
AUM
$2.4B
3Y Flow
+1.6%
Inception
10/3/2001
Holdings (Reported)
785
Equity
0%
Derivatives
0%
Net Equity Exposure
0%
Strategy Summary

Nuveen Municipal Credit Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes. It seeks to invest in investment grade securities rated Baa/BBB or better with an average maturity of around 18 years. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against Standard & Poor's (S&P) National Municipal Bond Index. It was formerly known as Nuveen Enhanced Municipal Credit Opportunities Fund. Nuveen Municipal Credit Income Fund was formed on March 21, 2001 and is domiciled in the United States.

ⓘ Methodology

Expense ratio and its components from the prospectus fee table, else the SEC annual shareholder report, else market data. Yield as of 10/6/2026, AUM 7/31/2026. Holdings, asset class, style, peer group and exposures as of 7/31/2026. Summary may be from an older prospectus.

Factor DetailsRef: Fixed Income Funds

None of the selected metrics are scored for NZF — switch the picker to All, or add metrics under Metrics (top right).

ⓘ Methodology

Hover or click for factor definitions. Weighted average of underlying company-level values with weights equal to position size. Solid blue dots mark the fund's position within the clean equity fund universe (5th–95th percentile scale); the shaded band spans the fund's broad class (Fixed Income Funds) 25th–75th percentile, notched at the median. Holdings as of 7/31/2026. Stock-level data as of 8/31/2026. Expense ratio, yield, and turnover as of 10/6/2026. AUM as of 7/31/2026.

Asset Class Exposure

Fixed Income100.0%
ⓘ Methodology

Shares of the fund's long book, from the asset category each position is filed under. The long book is 166% of net assets, so shares are of the long book rather than of the fund - it is levered by 66%.

Country Exposure

Level
100.0%
99.8%
Other0.2%
ⓘ Methodology

Shares are percentages of the holdings that carry a country, not portfolio weights. Based on N-PORT domicile; ADRs list under their exchange. Holdings as of 7/31/2026. Stock-level data as of 8/31/2026.

Holdings

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659 positions (top 10 shown, create for full holdings)

#NameWeight %Country
1Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1
4.15
USA
2Texas Private Activity Bond Surface Transporation Corporation, Senior Lien Revenue Bonds, NTE Mobility Partners Segments 3 LLC Segments 3C Project
3.67
USA
3New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series 2014
3.38
USA
4New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A
2.83
USA
5New York Transportation Development Corporation, New York, Special Facilities Revenue Bonds, Terminal 6 John F Kennedy International Airport Redevelop
1.95
USA
6Public Finance Authority, Wisconsin, Toll Revenue Bonds, Georgia SR 400 Express Lanes Project, Senior Lien Series 2025
1.62
USA
7Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A
1.57
USA
8Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018A
1.50
USA
9California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A
1.40
USA
10Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds, First Tier Series 2016
1.39
USA
ⓘ Methodology

Sector, country and factor detail need a security match; the share of weight that matched is a member figure, so the rows without one appear here with those columns blank. Holdings as of 7/31/2026. Stock-level data as of 8/31/2026.

ConcentrationRef: Fixed Income Funds

Total Holdings785
Effective Holdings193.2
Top 10 Weight23.4%
Max Position4.2%
Top Sector (of Net Assets)166%
Top Country (of Net Assets)100%
ⓘ Methodology

Hover or click for definitions. Solid blue dots mark the fund: percentage rows on a 0–100% scale, holdings counts log-scaled across the clean-universe 5th–95th percentile range. The shaded band spans the fund's broad class (Fixed Income Funds) 25th–75th percentile, notched at the median. Holdings as of 7/31/2026.

Benchmark DifferentiationRef: Fixed Income Funds

vs AGGBroad Benchmark
Tracking Error10.0%
Benchmark Correlation0.52
ⓘ Methodology

One sub-card per benchmark: the market primary, then the style secondary — the gap between them is the style sleeve itself. Both anchors are Sparkline-inferred (market from asset class and region, style from the holdings size-and-style map), not the fund's official prospectus benchmark. Solid blue dot marks the fund; the shaded band spans the reference set's 25th–75th percentile, notched at the median (band follows the Peer Universe selector). Active Share compares the fund's book with the benchmark's, share for share; Tracking Error is the annualized daily deviation over the trailing two years (ruler runs to just past the universe's 95th percentile, or past the fund's own figure where that is larger); Benchmark Correlation is the plain daily correlation over the trailing year. Hover the labels for full definitions.

Peer Group Rank

See All Peer Groups
Metric
NZF
Nuveen Municipal Credit Income Fund
Peer Group
569 funds
Peer Asset Class
2,838 funds
YTD Return
-10.23%-4.42%4-2.33%2
1Y Return
-6.80%-3.14%6-1.51%6
3Y Return (Ann.)
8.57%3.02%984.80%89
5Y Return (Ann.)
-2.30%-0.57%90.27%6
Expense Ratiohigher = cheaper
---
ⓘ Methodology

Sparkline's own holdings-based peer taxonomy (1,325 share classes across 569 funds). One share class shown per fund — the exchange-listed class where the SEC series has one, else its longest-history class; percentile ranks and medians are computed against the same deduped set. Quartile chips fill the layer the fund's rank falls in (top layer = best quartile). Funds without a full return history rank only on the horizons they cover.

Similar Funds

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Nearest funds across the whole universe, by holdings and behavior — the peer taxonomy is ignored, so matches can come from any category.

Top Similarity52
Top Overlap
Top Active Tilt
Top Return Corr
FundPeer Group
1NVG
Nuveen AMT-Free Municipal Credit Income Fund
Fixed Income - Muni Intermediate/Long
Fixed Income - Muni Intermediate/Long
52---
2NAD
Nuveen Quality Municipal Income Fund
Fixed Income - Muni Intermediate/Long
Fixed Income - Muni Intermediate/Long
52---
3XMPT
VanEck CEF Muni Income ETF
Fixed Income - Muni Intermediate/Long
Fixed Income - Muni Intermediate/Long
44---
4NMZ
Nuveen Municipal High Income Opportunity Fund
Fixed Income - Muni High Yield
Fixed Income - Muni High Yield
43---
5VMO
Invesco Municipal Opportunity Trust
Fixed Income - Muni Intermediate/Long
Fixed Income - Muni Intermediate/Long
38---
6NMCO
Nuveen Municipal Credit Opportunities Fund
Fixed Income - Muni Intermediate/Long
Fixed Income - Muni Intermediate/Long
35---
7NAN
Nuveen New York Quality Municipal Income Fund
Fixed Income - Muni Intermediate/Long
Fixed Income - Muni Intermediate/Long
34---
8NEA
Nuveen AMT-Free Quality Municipal Income Fund
Fixed Income - Muni Intermediate/Long
Fixed Income - Muni Intermediate/Long
34---
9VGM
Invesco Trust for Investment Grade Municipals
Fixed Income - Muni Intermediate/Long
Fixed Income - Muni Intermediate/Long
34---
10IQI
Invesco Quality Municipal Income Trust
Fixed Income - Muni Intermediate/Long
Fixed Income - Muni Intermediate/Long
34---

The method columns are members-only — create a free account to see these figures.

ⓘ Methodology

Rows are the consensus top matches (a fund must place in at least two methods' top 250 to qualify, and matches missing more than one of this fund's own methods are not ranked — a row scored on fewer methods is a noisier estimate, not a better match). Click a method column to see that method's own top matches across the whole universe instead. Gray (N) beside each method's metric is that fund's rank in the whole universe on that method. Similarity is a percentile among match-grade fund pairs, 0–100 — 87 means the pair is closer than 87% of the strongest matches in the universe, averaged across the methods — so it compares across funds: index clones tie at the top with thousands of other clone pairs, so scores top out in the high 80s to 90s, while a one-of-a-kind fund's best match can score in the 30s. Rows are ordered by the Consensus Rank — the geometric mean of those universe ranks, shown in each cell's tooltip — and the score is held down the list to the level of the closest match above it, so equal scores mean equally close and the number reads as a floor. A dash means that method has no figure for the pair at all (one of them lacks the holdings or return history it needs). Hover a column header for each method's definition. The “Top…” strips above compare against every fund's own top match across the whole universe (they deliberately don't follow the Peer Universe selector); Top Similarity is simply the best match's score, with no reference band; the Holdings and Active Tilt strips carry no reference band because computing every fund's best book overlap would require a full holdings scan per fund — the dot stands alone on its natural 0–100% scale. One share class shown per fund, and a fund's own sister share classes are excluded from its Top-match strips. Holdings as of 7/31/2026. Consensus Rank is the geometric mean of the match's universe-wide rank across the methods (#1.0 = top match on every one). Holdings Overlap = common-holdings weight (sum of the minimum weight across shared positions, long only). Active Tilt Overlap = the same statistic on active weights (holdings minus the fund's own default benchmark, floored at 0), which strips the benchmark ballast that dominates raw overlap. Return Correlation = correlation of market-hedged daily returns over the trailing two years (CAPM residuals), so only market-beta co-movement is removed; requires ~18 months of daily history (378 of the window's 504 trading days).