Nuveen 5-15 Year Laddered Tax-Exempt Bond Fund Class I is an actively managed municipal bond mutual fund focused on delivering current income that is exempt from regular federal income tax. It primarily invests in tax-exempt municipal securities, maintaining at least 80% of assets in bonds whose interest is federally tax-free, and structures holdings in a laddered maturity range of roughly five to fifteen years to balance income, interest rate sensitivity, and reinvestment timing. The portfolio may allocate a minority share to lower-rated or unrated municipals and private activity bonds, providing broader access to revenue-backed projects while maintaining a diversified risk profile across states and issuers. By concentrating in the intermediate segment of the muni curve, the fund targets a core role in tax-aware fixed income allocations, seeking steady, federally tax-exempt distributions with moderate duration exposure. Managed by Nuveen, a long-standing municipal market specialist, the strategy is positioned for investors prioritizing tax efficiency, disciplined maturity segmentation, and diversified municipal credit exposure across essential-service, transportation, education, and healthcare-related issuers.
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