The Nuveen North Carolina Municipal Bond Fund Class I is an institutional share class of a mutual fund focused on fixed income investments. Its primary objective is to provide investors with a high level of current interest income that is exempt from regular federal and North Carolina state income taxes, within the framework of capital preservation. The fund primarily invests in investment-grade municipal bonds issued by state and local governments in North Carolina, supporting essential public projects and infrastructure. Up to 20% of the portfolio may be allocated to non-investment-grade municipal bonds, allowing for measured credit risk exposure. The fund’s holdings are broadly diversified across general obligation and revenue bonds, and the investment approach emphasizes maintaining a medium to extensive interest rate sensitivity. Targeted toward institutional investors, this class offers a competitive expense ratio and is designed for those seeking tax-advantaged income and diversification within the municipal bond sector. The Nuveen North Carolina Municipal Bond Fund Class I plays a key role in the market by facilitating tax-efficient financing for North Carolina’s public services while providing investors access to stable, income-generating municipal securities.
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