Nuveen Kentucky Municipal Bond Fund Class C is an actively managed mutual fund that primarily invests in investment-grade municipal bonds issued by entities within Kentucky. Its core objective is to generate a high level of current interest income that is exempt from regular federal, Kentucky state, and in some instances, local income taxes. The fund holds a diversified portfolio of municipal securities supporting state and local projects such as healthcare, education, and infrastructure, with notable allocations to Kentucky-specific revenue and development authority bonds. Classified in the muni single-state long category, it typically features an effective duration of approximately 7.9 years, reflecting moderate-to-extensive sensitivity to interest rate movements. The fund’s structure, including its above-average expense ratio, aims to balance income generation with preservation of capital and tax advantages specifically for Kentucky residents. Nuveen Kentucky Municipal Bond Fund Class C serves investors seeking tax-advantaged fixed income exposure tied to Kentucky’s municipal sector, and its performance is measured against municipal bond benchmarks and category averages.
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