Business Description
Managed by Nuveen Investments, this U.S.-based closed-end fund focuses on municipal bonds that are exempt from federal income taxes and carry an investment-grade credit rating of Baa/BBB or higher from major rating agencies. The fund targets undervalued securities with an average maturity of around 17 years, building its portfolio through careful, individual security selection. Its performance is measured against the S&P Insured Municipal Bond Index, and it has operated under several different names since its founding in July 1999.
