Nuveen Virginia Municipal Bond Fund Class C is a mutual fund that primarily invests in investment-grade municipal bonds issued within Virginia. Its principal objective is to generate a high level of current interest income that is exempt from regular federal and Virginia state income taxes, with a secondary focus on preserving capital. The fund targets at least 80% of its assets toward Virginia municipal debt, including both general obligation and revenue bonds that finance local government and public infrastructure projects. By specializing in securities from a single state, it serves investors seeking potential tax advantages on both federal and state levels. The fund features a broad portfolio, holding over 200 securities across diverse sectors such as public buildings, healthcare facilities, transportation, and housing development. Regular monthly dividend distributions provide a steady income stream, reflecting its role as a core holding for those prioritizing tax-exempt income. Managed by Nuveen, a firm with longstanding expertise in municipal bonds, this fund is particularly significant for investors residing in Virginia or with specific state tax considerations, playing a key part in the municipal bond fund category focused on single-state strategies.
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