NDMO Profile
Nuveen Dynamic Municipal Opportunities Fund (NDMO) is a closed-end fund that invests in a portfolio of municipal securities that provide tax-free income. The fund is managed by Nuveen Asset Management, a subsidiary of TIAA-CREF.
NDMO seeks to provide investors with high current income exempt from regular federal income tax. The fund invests primarily in a diversified portfolio of municipal bonds issued by state and local governments, and it may also invest in other types of fixed income securities, such as U.S. government bonds, corporate bonds, and asset-backed securities.
As of February 18, 2023, the current market capitalization of NDMO is approximately $124 million. The fund has a distribution rate of 4.46% and a net asset value (NAV) of $14.63 per share. NDMO has a management fee of 0.68% and an expense ratio of 1.05%.
Investing in NDMO carries certain risks, such as interest rate risk, credit risk, and market risk. Fluctuations in interest rates may negatively impact the market value of the fund's investments, and changes in credit ratings or defaults by issuers may affect the income generated by the fund's portfolio. In addition, changes in market conditions may affect the liquidity of the fund's investments.
Investors should carefully consider their investment objectives, risks, and expenses before investing in NDMO. It is also important to note that the fund's performance may be subject to certain tax consequences, and investors should consult their tax advisors before investing.
Overall, NDMO may be suitable for investors seeking tax-free income from municipal securities with a moderate risk tolerance. It is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
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