FGATX

About FGATX

Nuveen Georgia Municipal Bond Fund Class A is a municipal bond mutual fund focused on providing investors with a high level of current interest income that is generally exempt from regular federal and Georgia state income tax. The fund primarily invests in investment-grade municipal securities issued by state and local governments within Georgia, aiming to support public infrastructure and community projects. By concentrating on bonds from a single state, the fund seeks to offer tax-advantaged income specifically beneficial for residents of Georgia, although a portion of its assets may be allocated to securities from outside the state. Notably, the fund can invest up to 20% of its net assets in below investment grade municipal bonds, which may introduce higher credit risk in pursuit of enhanced yield. The portfolio typically maintains long-duration exposures, reflecting average maturities of more than 12 years. The Nuveen Georgia Municipal Bond Fund Class A plays an important role for investors seeking tax-efficient income within the municipal bond sector, particularly those with exposure to Georgia tax liabilities, and contributes to funding essential public sector projects across the state.