NDMO: I'd Stay Patient As The Leverage Hurdle Is Sticky
The Nuveen Dynamic Municipal Opportunities Fund (NDMO) aims for total returns through tax-exempt income and capital appreciation. Recent performance has not met expectations, lagging behind cash returns over the last 5.5 months. Current distribution and valuation factors do not support a positive outlook for the fund.
- ▪NDMO targets total return via tax-exempt income and capital appreciation from a diversified muni bond portfolio.
- ▪Recent performance has lagged cash returns over the past 5.5 months.
- ▪Distribution and valuation dynamics do not currently justify a bullish outlook for NDMO.
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