No Transaction Fee funds will also be offered without a load or on a load waived basis. However, the fund may charge a short term trading fee or a redemption fee. Other fees and expenses, including those which apply to a continued investment in the fund, are described in the fund's current prospectus.
Is Nhmax tax free?
Its portfolio consists primarily of non-investment-grade and unrated municipal bonds. The fund strives to maintain a weighted average maturity in excess of 10 years. Many investors in high tax brackets seek municipal bonds because these securities are exempt from regular federal income taxes.
Are Nuveen funds a good investment?
With nearly $1.1 trillion in assets under management as of , Nuveen Investments manages a wide range of mutual funds, including both equity and fixed income funds, and domestic and foreign funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future.
Is Nchax tax free?
About NCHAX Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal and California personal income tax.
Is Nuveen tax-exempt?
(NUV) in 1987, Nuveen municipal closed-end funds have been providing investors attractive regular tax-exempt income. Explore opportunities to maximize your after-tax income.
Is Nhmax closed to new investors?
The Nuveen High Yield Municipal Bond Fund (NHMAX) is one fund that has announced closure to new investors.Sep 1, 2021
Is Nuveen a good investment?
Nuveen Wins 2020 Lipper Awards for Best Fixed Income and Best Mixed Assets. The firm has expertise across a broad range of fixed income classes, including municipals, high-yield, emerging markets debt, corporates, and responsible investing.Mar 6, 2020
Does Nuveen have a money market fund?
Nuveen Securities, LLC, member FINRA and SIPC. The Fund seeks high current income consistent with maintaining liquidity and preserving capital. Generally it seeks to maintain a share value of $1.00 per share.
Is Nuveen a hedge fund?
Nuveen's global headquarters, located at 333 Wacker Drive
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Why is municipal bond interest tax-exempt?
The strongest economic justification for the tax exemption of municipal bonds is that it encourages state and local governments to invest in infrastructure projects that create benefits for nonresidents.