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Close the Income Gap® with Nuveen closed-end funds
A trusted closed-end fund provider for more than thirty years, Nuveen offers advisors and investors dedicated client service with a legacy of integrity and innovation.
- Market Leadership: A pioneer in long-term income and cash flow solutions
- Focused Expertise: Active management from Nuveen and its independent investment affiliates
- Deep Commitment: Pursuing long term, lasting value for advisors and investors
Closed-end funds can be an attractive choice for income-focused investors. Because of their distinct structure and ability to use leverage1, closed-end funds may offer the potential for higher regular income than other types of investment products. What’s more, the funds may help address specific investment goals or concerns.
- Cash flow - All nuveen closed-end funds are designed and managed with the goal of offering regular attractive cash flow from a wide range of investment strategies
- Interest rate risk - Shorter duration, higher yield or equity exposure may reduce rate sensitivityCash flow - All nuveen closed-end funds are designed and managed with the goal of offering regular attractive cash flow from a wide range of investment strategies
- Income market volatility - Higher income investments may help offset price volatility
- Tax efficiency - Professional distribution management, as well as tax-exempt or tax-advantaged asset classes may help ease the tax burden*
The funds meet at least two of the four following criteria: make regular monthly or quarterly distributions, have a lower duration than the Bloomberg Barclays U.S Aggregate Bond Index, have a higher distribution rate and/or lower standard deviation than U.S. Treasury bonds, or invest at least 80% of their managed assets in tax-exempt municipal bonds or had at least 80% of their prior year’s distributions represent QDI or a nontaxable distribution (return of capital).
1 Leverage typically magnifies the total return of a fund’s portfolio, whether that return is positive or negative, and creates an opportunity for increased common share net income as well as higher volatility of net asset value, market price, and distributions. There is no assurance that a fund’s leveraging strategy will be successful.
There is no guarantee that any of the funds will achieve their stated objectives. For detailed information on the specific risks associated with each fund, please view the fund overview by clicking on the fund name above.
Closed-end fund historical distribution sources Include net investment income, realized gains, and return of capital.
*Income may be subject to state and local income taxes and the alternative minimum tax. Capital gains, if any, will be subject to capital gains tax.
Asset class related risks: There are risks inherent in any investment, including the possible loss of principal. Different types of asset investments have different types of risks, which may provide higher returns but also greater volatility. In general, equity securities tend to be more volatile than fixed income or hybrid securities. Foreign investments may involve exposure to additional risks such as currency fluctuation and political and economic instability. The value of, and income generated by, debt securities will decrease or increase based on changes in market interest rates. High yield corporate bonds are subject to liquidity risks and heightened credit risk. Government bonds are guaranteed as to the timely payment of principal and interest.
Duration : A measure of the price sensitivity of a fixed income security or portfolio to changes in interest rates. Duration is stated in years. For example, if a bond has a duration of four years, the price of the bond is expected to change by approximately 4% for every one percentage point change in interest rates. The shorter the duration, the less price variability expected in the security's price due to changes in interest rates.
Standard deviation : A measure of the degree to which a fund's actual returns varied from its average return over a certain period. The smaller the variation, the lower the standard deviation will be. The standard deviation is a common measure of volatility and risk.
Qualified dividend income (QDI) : Qualified dividend income ("QDI") is dividend income that is paid by a "qualifying" company and for which the recipient (shareholder) meets certain holding period requirements. A qualifying company for this purpose includes any domestic company (with special rules for REITs and regulated investment companies). In order for a foreign company to be treated as a qualifying company, either its shares must be traded on a qualifying exchange or the foreign company’s country of origin must have a comprehensive income tax treaty with the United States that includes an exchange of information program.
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