NVG CEF — Nuveen AMT-Free Municipal Credit Income Fund

Nuveen AMT-Free Municipal Credit Income Fund (NVG)

NVG is a CEF. As of August 28, 2026, its distribution rate is 7.77%, its trailing-12-month yield is 7.77%, its expense ratio is 1.50%. Dividend Vision Distribution Safety Score™ is 69/100 (Generally safe). Fund total return is 248.0% over the past 24.4 years, 698.9 points behind SPY at 946.9%.

At the current 7.77% distribution rate, a $10,000 investment would generate approximately $777 per year, or $64.75 per month on an equivalent basis.

Nuveen AMT-Free Municipal Credit Income Fund is a closed-end fund that seeks current income exempt from regular federal income tax and the federal alternative minimum tax by investing in municipal securities rated investment-grade or better that the adviser believes are undervalued. The fund uses fundamental analysis to construct a portfolio of municipal bonds with an average maturity around seventeen years. It appeals to investors in higher tax brackets seeking tax-exempt income from fixed-income investments.

NVG performance versus SPY

Data as of August 28, 2026.

Fund total return is 248.0% over the past 24.4 years, 698.9 points behind SPY at 946.9%. Its deepest 1-year drawdown was 10.4%.

NVG key facts

Data as of August 28, 2026.

Distribution Safety Score™

69 · Generally safe

Safety-Adjusted Yield

5.36%

Issuer

Nuveen

Asset type

CEF

Asset class

Fixed Income

Inception date

03/25/2002

Expense ratio

1.50%

Distribution rate

7.77%

Distribution frequency

Monthly

Trailing yield

7.77%

5-year average yield

5.96

Last close

$12.20

Market cap

$2,624,388,608

Average volume

743239.0

Last dividend

$0.0790

Ex-dividend date

08/14/2026

Payment date

09/01/2026

Beta

0.794

Payout ratio

1.0652

P/E ratio

13.6629

EPS

$0.89

How Dividend Vision calculates yield and returns

Distribution rate (7.77%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (7.77%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 28, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 28, 2026.

Primary sources: Nuveen fund page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NVG risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 10.4%.

Who may consider NVG — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Nuveen.