NAD · CIK 0001083839 · other
This closed-ended municipal income fund is managed by Nuveen Investments, Inc., a subsidiary of Janus Henderson Group. The fund invests primarily in tax-exempt municipal securities issued in the United States, generating income that is typically exempt from regular federal income taxes. The portfolio focuses on investment-grade municipal bonds with an average maturity of approximately 18 years, selected through fundamental analysis and bottom-up security selection. The fund's strategy emphasizes identifying undervalued municipal securities to generate current income while managing interest rate and credit risk.
Portfolio management is conducted jointly by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, both Nuveen subsidiaries. The fund benchmarks its performance against Standard & Poor's indices. Assets under management total $2.9 billion. The fund was established in January 1999 and is incorporated in Massachusetts with headquarters in Chicago, Illinois. Revenue is generated through management fees charged to the fund based on assets under management, a standard model for closed-end funds. As a publicly traded fund listed on the NYSE, it distributes income to shareholders through regular dividend payments.
No 10-K filings found.