The investment objective of the fund is to provide an attractive level of current income and total return.
- Diversification potential of foreign currency exposure
- Total return potential from active currency management
- Attractive income potential from higher yielding foreign currencies and interest rate markets
- Potentially benefits from a structural decline of dollar
The fund invests in currencies and short-term debt of both developed market and emerging market countries and has the flexibility to short foreign currencies. It generally maintains a foreign currency orientation –maximum net exposure to the U.S. dollar is 35%. Under normal circumstances, at least 80% of the fund’s net assets are invested in U.S. and foreign government securities, forward currency contracts and other currency-related derivative investments. The fund may invest up to 20% in corporate, asset-backed or other types of non-government debt. The fund may employ effective leverage through forward currency contracts that provide investment exposure of up to 175% of the fund’s capital. The fund will maintain a weighted-average, leverage-adjusted duration of two years or less.
|Closing Share Price (As of 11/21/2014)||$10.71
|Closing NAV per Share (As of 11/21/2014)||$11.77
|Premium / Discount**||-9.01%
|Current Distribution Rate (Market price)††||7.28%
|Distribution Amount (Quarterly)††||$0.1950
|Distribution Type ||Managed Distribution
Potential distribution sources include net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at that time which may be viewed at www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year. Under its Managed Distribution policy, the fund seeks to maintain an attractive and stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate.
Distribution rates represent the latest declared regular distribution, annualized, relative to the most recent market price and NAV. Special distributions, including special capital gains distributions, are not included in the calculation.