FAFNX

About FAFNX

Nuveen Michigan Municipal Bond Fund Class C is a mutual fund focused on generating tax-exempt income by investing predominantly in investment-grade municipal bonds issued in the state of Michigan. The fund is structured to provide investors with a high level of current interest income that is exempt from both regular federal and Michigan state income taxes, making it particularly relevant for investors seeking tax efficiency, especially Michigan residents. Its portfolio typically targets municipal securities such as general obligation and revenue bonds issued by various Michigan municipalities, supporting public projects and infrastructure within the state. This fund aims to balance current income needs with the preservation of capital by maintaining a high allocation to investment-grade credits and monitoring portfolio duration, which is generally over six years. Nuveen Michigan Municipal Bond Fund Class C plays an important role in the municipal bond market by channeling capital to Michigan’s public sector while offering investors exposure to the state’s municipal debt markets and related tax benefits.