About: The Fund seeks current income exempt from regular Federal income tax. The secondary objective is the enhancement of portfolio value relative to the municipal bond market. Under normal circumstances, the Fund will have at least 80% of the Funds managed assets invested in municipal securities that, at time of purchase, are covered by insurance guaranteeing the timely payment of principal and interest thereon. The Fund will also be investment grade at the time of purchase (including bonds insured by investment grade insurers or rated investment grade; unrated bonds that are judged to be investment grade by Nuveen Asset Management and escrowed bonds and up to 20% in uninsured municipal bonds that are either escrowed to maturity, rated investment grade or unrated but judged by the Funds investment adviser to be investment grade quality.
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