Nuveen New York Municipal Bond Fund Class A is an open-end mutual fund focused on providing current interest income exempt from regular federal, New York State, and often local income taxes. The fund primarily invests in investment-grade municipal bonds issued within New York, seeking tax-advantaged income while emphasizing the preservation of capital. Its portfolio spans various New York state and local issuers, including transportation, development, and education projects, leading to a diversified exposure across the region’s tax-exempt debt markets. The fund maintains a notable concentration in its top holdings—about 20% of its assets are allocated to the ten largest positions—while holding nearly 200 distinct municipal securities. With total assets exceeding $1 billion and a moderate expense ratio in line with peers, the fund serves individual and institutional investors interested in targeted municipal fixed-income strategies. Its monthly dividend distributions and a history dating back to 1994 underscore its established role within the municipal bond mutual fund space, especially for those prioritizing tax-exempt income tied to New York municipal issuers.
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