Nuveen Short Term Municipal Bond Fund Class C is an actively managed municipal bond mutual fund focused on generating current income that is exempt from regular federal income taxes while emphasizing capital preservation. The portfolio primarily holds investment‑grade, short‑term municipal securities, targeting an average weighted maturity of three years or less to help manage interest‑rate sensitivity and dampen volatility relative to longer‑duration muni strategies. The fund typically invests at least 80% of assets in municipal bonds whose interest is federally tax‑exempt, aligning with its tax‑advantaged income objective. Its mandate positions it within the short‑duration segment of the municipal market, providing exposure to financing for essential public projects such as state and local infrastructure, utilities, transportation, and education. This time‑horizon focus seeks to balance income generation with lower duration risk, making it a tool for investors seeking tax‑efficient cash‑flow from high‑quality U.S. municipal issuers in a conservative maturity range. Class C shares may carry a contingent deferred sales charge on short‑term redemptions, reflecting their distribution structure.
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