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NDMO · Nuveen Dynamic Municipal Opportunities Fund

Know the company

Company overview

Nuveen Dynamic Municipal Opportunities Fund can move across municipal-bond opportunities rather than holding a static bond mix. That flexibility seeks tax-exempt income and appreciation, with active credit and financing decisions mattering to the payment.

Business
Municipal income funds
Listing
NDMO · XNYS
Reporting period
2026-04-30
Dividend schedule
Monthly

How the business works

Municipal borrowers pay interest; fund and borrowing costs come out before net investment income reaches common shareholders. Portfolio shifts and rate moves affect NAV separately.

Nuveen Dynamic Municipal Opportunities Fund: financial report supporting reported earnings

Dividend & earnings snapshot

Reported earnings

Each measure shown separately, per share

Net investment income$0.24

Nov 1, 2025 to Apr 30, 2026

Distribution yield7.44%Sourced distributions divided by dated market price
Reported annual income yield4.72%Reported net investment income $0.5000 per share for 2024-11-01 to 2025-10-31, divided by approved 2025-10-31 market price $10.5900. Excludes capital gains; historical, not a current yield or forecast.
Annual dividend$0.70Current regular payment annualized per share
Distribution supportSee period evidenceCash distributions, NAV and reported returns are shown separately; no earnings-coverage ratio is assigned.
Verified dividend dates and payment components

Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.

Verified earnings history and sources

The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.

Reporting periodEarnings measurePer shareSource
Nov 1, 2025 to Apr 30, 2026Net investment income$0.24Issuer source 1
Announced Jul 9, 2026

Market price and NAV per share

Reviewed USD market closes or SEC-reported prices matched to NAV dates. A different price date or split adjustment is shown in the label.

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting periodEnding NAVNAV changeDistributions / shareReported NAV total returnSource
Nov 1, 2025 to Apr 30, 2026$10.36-2.26%$0.37Not availableNDMO financial highlights in the SEC shareholder report for 2026-04-30. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Nov 1, 2024 to Oct 31, 2025$10.60-4.42%$0.74Not availableNDMO financial highlights in the SEC shareholder report for 2026-04-30. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Nov 1, 2023 to Oct 31, 2024$11.09+13.16%$0.74Not availableNDMO financial highlights in the SEC shareholder report for 2026-04-30. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Nov 1, 2022 to Oct 31, 2023$9.80-5.22%$0.80Not availableNDMO financial highlights in the SEC shareholder report for 2026-04-30. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.
Nov 1, 2021 to Oct 31, 2022$10.34-33.72%$0.92Not availableNDMO financial highlights in the SEC shareholder report for 2026-04-30. Distributions are total cash per share for the stated period, including any capital-gain or return-of-capital component. Partial periods are not annualized.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

Distribution and NAV evidence

Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable.

Reporting period and filingCash distributions/shareOpening NAVClosing NAVNAV changeReported NAV total return
2021-11-01 to 2022-10-31 $0.92 $15.60 $10.34 -33.72% Not reported
2022-11-01 to 2023-10-31 $0.80 $10.34 $9.80 -5.22% Not reported
2023-11-01 to 2024-10-31 $0.74 $9.80 $11.09 13.16% Not reported
2024-11-01 to 2025-10-31 $0.74 $11.09 $10.60 -4.42% Not reported
2025-11-01 to 2026-04-30 $0.37 $10.60 $10.36 -2.26% Not reported

Risk monitor

RiskCurrent conditionDirectionWhy it matters
Portfolio riskLosses or weaker cash generation in municipal credit can reduce the resources available for future distributions.MonitorA change can affect future shareholder cash payments or the capital supporting them.
Leverage and financingThe current data service reports effective leverage of 32.81%. Financing magnifies gains and losses, and borrowing costs reduce income available to common shareholders.MonitorA change can affect future shareholder cash payments or the capital supporting them.
Municipal credit and tax treatmentMunicipal issuers can face revenue pressure or defaults. Tax-exempt objectives do not guarantee every distribution has the same tax treatment.MonitorA change can affect future shareholder cash payments or the capital supporting them.

The assets behind the earnings

How NDMO makes money

Financial snapshot: 2026-04-30. Research reviewed 2026-09-18. Source dates are retained with each measure; historical results are not a forecast.

The assets it owns

$592.677 million net assets567 holdings · As of 7/31/2026

Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.

  • Municipal99.1%
  • Cash Equivalents0.85%
  • Corporate0.05%

Reported broad sector weights from the dated portfolio information checked September 11, 2026. Weights may differ from subsequent holdings.

Nuveen Dynamic Municipal Opportunities Fund: net assets and portfolio information, checked 2026-09-11

Reported earnings and distributions

2025-11-01 through 2026-04-30 · $ per share

Fund net investment income per common share; actual reporting period, not annualized$0.2400

For the six months ended April 30, 2026, NDMO reported $0.24 of net investment income per common share. That is an interim interest-after-costs figure, not a full-year distribution-support verdict.

Nuveen Dynamic Municipal Opportunities Fund: financial report supporting reported earnings

The income-producing business

Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

Nuveen Dynamic Municipal Opportunities Fund: financial report supporting reported earnings

What the reported earnings support

Nuveen Dynamic Municipal Opportunities Fund reported $0.2400 per share for 2025-11-01 through 2026-04-30, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

Nuveen Dynamic Municipal Opportunities Fund: financial report supporting reported earnings

What would change the earnings picture?

Compare the next like-for-like income and cash totals. Then check the changing bond mix, financing costs and NAV to understand the direction of support.

Net asset value (NAV)

NAV per share$9.2400Sep 29, 2026
Market price$8.6100Sep 29, 2026
PREMIUM / DISCOUNT TO NAV6.82% discountCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Current evidence and recent developments

  • Regular distribution screen: 7.44% on 2026-09-11.
  • Reported net investment income per common share: $0.24 for 2025-11-01 through 2026-04-30; not annualized.

What to watch next

  • Compare the next like-for-like income and cash totals. Then check the changing bond mix, financing costs and NAV to understand the direction of support.

Fly High context

Compare the next like-for-like income and cash totals. Then check the changing bond mix, financing costs and NAV to understand the direction of support.

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U.S. federal · Tax year 2025

Dividend tax treatment

The fund's published 2025 breakdown shows mainly federal tax-exempt interest and return of capital. The mix can change from year to year.

This issuer information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.

Total ordinary dividends
3.34%
Qualified dividends
Not confirmed
Capital-gain distributions
0%
Return of capital
36.81%
Federal tax-exempt interest
59.85%

Tax year: 2025.

Tax details and source
Total ordinary dividends (includes qualified)
3.34%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
59.85%
Reporting form
Form 1099-DIV
Source date
Not stated

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

Public Research updated September 30, 2026 4:00 pm

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