NVCCX

About NVCCX

Nuveen Short Duration High Yield Municipal Bond Fund Class C is a mutual fund focused on producing high current income that is exempt from regular federal income taxes. The fund primarily invests in a diversified portfolio of municipal bonds, placing emphasis on those with short durations—typically maintaining a weighted average portfolio duration under 4.5 years—which helps manage interest rate risk. A notable characteristic is its significant allocation to lower-quality, or below investment-grade, municipal bonds, aiming to capture enhanced yield relative to higher-rated issuers. The fund may occasionally employ leverage strategies, such as inverse floating rate securities, to optimize income generation. It distributes income monthly and holds a broad array of positions across various issuers, supporting diversification. Nuveen Short Duration High Yield Municipal Bond Fund Class C plays a critical role in the market by addressing demand for tax-advantaged, income-oriented investments, particularly appealing to investors who seek higher yields in the municipal bond sector without extended duration exposure.