Fund info

Nuveen All-American Municipal Bond Fund Class C is a mutual fund that primarily invests in long-term municipal bonds issued by state and local governments across the United States. Its main function is to provide investors with a high level of income that is generally exempt from federal income taxes. The fund predominantly holds investment-grade securities, but it may allocate up to 20% of its assets to below investment-grade municipal bonds—commonly known as high yield or "junk" bonds—allowing for a degree of income enhancement while managing credit risk. This fund targets bonds with average maturities exceeding 12 years and durations over 6 years, classifying it as a muni national long fund. By diversifying across many regions and sectors, it aims to minimize risk while capitalizing on market inefficiencies identified by a dedicated team of credit analysts. The fund plays a significant role for investors seeking tax-advantaged income and long-term capital preservation within the municipal bond sector, managing several billion dollars in assets as part of a large suite of municipal bond offerings from Nuveen.