TIXRX

About TIXRX

Nuveen 5-15 Year Laddered Tax-Exempt Bond Fund Class A is an open‑end municipal bond fund designed to provide current income that is exempt from regular federal income tax. The strategy primarily invests in tax‑exempt municipal securities and structures its portfolio in a maturity ladder spanning roughly five to fifteen years, aiming to balance income stability with measured interest‑rate sensitivity. According to the fund sponsor, at least 80% of assets are allocated to tax‑exempt bonds, with the flexibility to include up to 20% in below‑investment‑grade or comparable unrated municipal issues, and limited exposure to private activity bonds where interest may remain federally tax‑exempt, including from the alternative minimum tax. This intermediate‑term, nationally diversified approach emphasizes credit research and duration management typical of the muni national intermediate category. The fund distributes income on a monthly basis and targets a medium credit quality profile with moderate interest‑rate risk characteristics, aligning with investors seeking federally tax‑advantaged income from state and local government financing across sectors such as transportation, education, housing, and essential services.