Recently Nuveen North Carolina funds NRB, NNO and NII were combined into NNC
The Expense Ratio is 3.280% an exceptionally high ratio.
What’s going on usually the combined rate would be a lower rate not increased.
Which is why the Average coupon yield is 4.95% and the Yield 4.4%
Even though the fund 36% Leveraged at probably 1%-2% and should yield well higher than the coupon, they are well.. Taking the money.
Most orther Nuveen funds have Cionsiderabley higher yields than coupons