Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Nuveen Municipal Creditome Fund's operating assets for the quarter that ended in Oct. 2020 was $3,667.72 Mil. Nuveen Municipal Creditome Fund's operating liabilities for the quarter that ended in Oct. 2020 was $1,398.74 Mil. Nuveen Municipal Creditome Fund's Total Assets for the quarter that ended in Apr. 2020 was $3,488.32 Mil. Therefore, Nuveen Municipal Creditome Fund's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2020 was 0.65.
Nuveen Municipal Creditome Fund Scaled Net Operating Assets Calculation
Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Nuveen Municipal Creditome Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2020 is calculated as
| Scaled Net Operating Assets (SNOA) | | (A: Oct. 2020 ) |
| = | (Operating Assets (A: Oct. 2020 ) | - | Operating Liabilities (A: Oct. 2020 )) | / | Total Assets (A: Oct. 2019 ) |
| = | (3667.724 | - | 1398.741) | / | 3765.258 |
| = | 0.60 |
where
Nuveen Municipal Creditome Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2020 is calculated as
| Scaled Net Operating Assets (SNOA) | | (Q: Oct. 2020 ) |
| = | (Operating Assets (Q: Oct. 2020 ) | - | Operating Liabilities (Q: Oct. 2020 )) | / | Total Assets (Q: Apr. 2020 ) |
| = | (3667.724 | - | 1398.741) | / | 3488.32 |
| = | 0.65 |
where
* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
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