Nuveen Intermediate Duration Municipal Bond Fund Class I (NUVBX)

Overview

The described fund is a municipal bond investment fund that primarily focuses on investing in municipal bonds exempt from regular federal personal income tax. With a strategy that allocates at least 80% of its resources towards investment-grade municipal bonds rated BBB/Baa or higher, the fund aims to provide its investors with tax-efficient income. The portfolio management strategy allows for up to 20% of its net assets to be invested in below investment grade, or "high yield" municipal bonds, also known as "junk" bonds, offering a balance between risk and return to its investors.

Products and Services

• Investment-Grade Municipal Bonds

  These are bonds rated BBB/Baa or higher by recognized credit rating agencies. The fund allocates at least 80% of its net assets in these bonds, aiming to secure stable and relatively low-risk income streams that are exempt from federal personal income tax. This core investment reflects the fund's conservative strategy to prioritize security and tax efficiency.

• High Yield Municipal Bonds

  Also known as "junk" bonds, these below investment grade bonds present a higher risk compared to investment-grade bonds. The fund may allocate up to 20% of its net assets in these bonds, seeking higher returns. This component of the fund's portfolio demonstrates a calculated approach to enhancing overall yield potentials, while also exposing the fund to higher credit risks.