Investment Strategy
| A portfolio of primarily investment-grade long-term municipal bonds with a targeted average maturity between 15 to 30 years that seeks to provide as high a level of current income exempt from regular federal income taxes as is consistent with preservations of capital.* |
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Who should invest
Investors Seeking to:
| - Earn regular monthly dividends
- Keep more of what they earn
- Preserve investment capital over time
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A Word On Risk
| Investing in municipal bonds involves interest rate risk, the risk that interest rates will rise, causing bond prices to fall; and credit risk, the risk that an issuer of a municipal bond will be unable to make interest and principal payments. As with any mutual fund, loss of principal is a risk of investing. |
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Fund Basics: Shares
Select Share Class:
A | B | C | I
| Fund Symbol | FLAAX |
| Fund Cusip | 67065Q889 |
| Inception Date | 10/03/1988 |
| Latest NAV as of 9/02/2010 | $10.96 |
| Latest Monthly Dividend (9/01/2010) | $0.0460 |
| Fund Symbol | FAAMX |
| Fund Cusip | 67065Q871 |
| Inception Date | 2/05/1997 |
| Latest NAV as of 9/02/2010 | $10.99 |
| Latest Monthly Dividend (9/01/2010) | $0.0395 |
| Fund Symbol | FAACX |
| Fund Cusip | 67065Q863 |
| Inception Date | 6/02/1993 |
| Latest NAV as of 9/02/2010 | $10.96 |
| Latest Monthly Dividend (9/01/2010) | $0.0415 |
| Fund Symbol | |
| Fund Cusip | |
| Inception Date | |
| Latest NAV as of | |
| Fund Symbol | FAARX |
| Fund Cusip | 67065Q855 |
| Inception Date | 2/06/1997 |
| Latest NAV as of 9/02/2010 | $11.01 |
| Latest Monthly Dividend (9/01/2010) | $0.0480 |
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Portfolio Manager(s)
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 | Johnathan N. Wilhelm - Mr. Wilhelm has been with Nuveen Investments for seven years and has seventeen years of industry experience. He is currently a co-portfolio manager of Nuveen's high yield open- and closed-end municipal bond funds. Prior to joining Nuveen Asset Management, Mr. Wilhelm was a Senior Credit Analyst in the Van Kampen Senior Loan Group. As a Senior Analyst, he was responsible for the oversight of a team of analysts with coverage of 180 companies with a total exposure of approximately $6 billion. Before joining the senior loan group at Van Kampen, he was a Senior Fixed-Income Analyst for the Van Kampen mutual funds and unit investment trusts where he specialized in the healthcare, electric utility, chemicals and paper and forest product sectors. He received his BS in Business from Miami University of Ohio and his JD from DePaul University. |
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| *Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax. |
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