Company: NMZ
Filing Date: 2025-01-06
Form Type: N-CSR
Source: 0001193125-25-002222
Chunk: 151

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-01-06
Form: N-CSR
Chunk 151
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, because securities are subject to market fluctuations, the value of the securities at time of delivery may be less (or more) than their cost. A separate account of the Fund will be established with its custodian consisting of cash equivalents or liquid securities having a market value at all times at least equal to the amount of any delayed payment commitment. The following principal risk was consolidated into a single risk factor entitled, “Leverage Risk,” and is therefore no longer included as a stand-alone principal risk of Nuveen Dynamic Municipal Credit Opportunities Fund (NDMO): Borrowing Risk.In addition to borrowing for leverage, the Fund may borrow for temporary or emergency purposes, to pay dividends, repurchase its shares, or clear portfolio transactions. Borrowing may exaggerate changes in the NAV of the Fund’s shares and may affect the Fund’s net income. When the Fund borrows money, it must pay interest and other fees, which will reduce the Fund’s returns if such costs exceed the returns on the portfolio securities purchased or retained with such borrowings. Any such borrowings are intended to be temporary. However, under certain market circumstances, such borrowings might be outstanding for longer periods of time. 236 ADDITIONAL DISCLOSURES FOR CERTAIN FUNDS AS OF THE FISCAL YEAR ENDED OCTOBER 31, 2024 The following includes additional disclosures for the Funds in this annual report with an effective shelf offering registration statement as of the fiscal year ended October 31, 2024. NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND (NMZ) NUVEEN MUNICIPAL CREDIT OPPORTUNITIES FUND (NMCO) NUVEEN DYNAMIC MUNICIPAL OPPORTUNITIES FUND (NDMO) SUMMARY OF FUND EXPENSES The purpose of the tables and the example below are to help you understand all fees and expenses that you, as a common shareholder, would bear directly or indirectly. The tables show the expenses of each Fund as a percentage of the average net assets applicable to Common Shares and not as a percentage of total assets or managed assets.

| Shareholder Transaction Expenses                             |     |   NMZ |     |  NMCO |     |  NDMO |
| Maximum Sales Charge (as a percentage of offering price) (1) |     | 1.00% |     | 1.00% |     | 1.00% |
| Dividend Reinvestment Plan Fees (2)                          |