Nuveen Strategic Municipal Opportunities Fund Class I is an actively managed open-end mutual fund focused on the U.S. municipal bond market. Its primary objective is to provide attractive total returns and tax-exempt income by investing across the full spectrum of municipal securities, regardless of credit quality or maturity, affording the portfolio significant flexibility to respond to changing market conditions. The fund typically allocates a substantial portion of its assets to high-yield municipal bonds, including securities rated BBB or below, or those that are unrated, and falls within the high-yield muni category. Managed using a research-driven approach, the fund is designed for institutional investors, with a relatively low expense ratio that provides a cost advantage over many peers. Its portfolio is diversified by geography and sector, holding bonds issued for a variety of projects such as infrastructure, utilities, development authorities, and public improvement initiatives. By targeting tax-advantaged income, Nuveen Strategic Municipal Opportunities Fund Class I plays a significant role for investors seeking tax efficiency and diversified exposure within the municipal bond market.
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