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As a leader in municipal bond investing, we offer market perspectives that can help clients earn tax-exempt income while building critical American infrastructure through their investments. Stay updated with the latest credit research insights.
Municipal Bonds
Municipal Bonds
Fixed income weekly commentary
Municipal Bonds
Municipal Bonds
See fund performance and calculate taxable equivalent yield (TEY). View funds below.
1 Please see the tooltip on the distribution rate.
If a distribution is estimated to include anything other than net investment income, the Fund provides a Section 19(a) notice of the best estimate of its distribution sources at that time which may be viewed in the Fund’s literature section under 19(a) notices. 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. The distribution rate should not be confused with yield or performance.
Performance data shown represents past performance and does not predict or guarantee future results. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than their original cost. Current performance may be higher or lower than the performance shown. Total Returns assume the reinvestment of distributions, and if shown for a period of less than one year are cumulative. Returns without sales charges would be lower if the sales charges were included. Class I shares have no sales charge and may be purchased by specified classes of investors. For performance current to the most recent month-end, call 800.752.8700 or visit nuveen.com
To view standardized and/or most recent month-end performance, click the fund's ticker symbol.
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Nuveen traces its history to 1898 when the company began underwriting municipal bonds, and TIAA was founded in 1918.
Total credit research analysts Source Nuveen as of 31 Mar 2026.
Top 5 third-party manager of assets in municipal separately managed accounts based on Cerulli Associates, The Cerulli Report, U.S. Managed Accounts 2025. Data as of 31 Dec 2024, updated annually; most recent data available. Based on total assets; includes proprietary assets; does not include model separate accounts.
Top 5 largest municipal fund manager based on data from Nuveen, Morningstar Direct as of 31 Dec 2025. Based on total net assets of U.S. open end funds for the Nuveen Family of Funds, excluding exchange traded funds, money market funds and fund of funds. Based on a review of 631 fund families and 100 fund families with municipal bond assets.
1 Diversification does not assure a profit or protect against loss
2 Data source: Moody’s Investors Service, U.S. Municipal Bond Defaults and Recoveries, 1970-2024, 5 Aug 2025, with data as of 31 Dec 2024; updated annually. The universe for the study represents approximately 12,500 fundamental U.S. public finance ratings from Moody’s.
3 Source: Nuveen, Investing in taxable municipal bonds. Data source: Morningstar Direct. Monthly returns from 01 Oct 2015 - 30 Sep 2025.
4 Source: Nuveen, Investing in America. Correlation to municipal bonds data source: Morningstar Direct, 01 Jan 2006 – 31 Dec 2025.
Important information on risk
Investing involves risk; principal loss is possible. All investments carry a certain degree of risk and there is no assurance that an investment will provide positive performance over any period of time. Investing in municipal bonds involves risks such as interest rate risk, credit risk and market risk. The value of the portfolio will fluctuate based on the value of the underlying securities. Bond insurance guarantees only the payment of principal and interest on the bond when due, and not the value of the bonds themselves, which will fluctuate with the bond market and the financial success of the issuer and the insurer. No representation is made as to an insurer’s ability to meet their commitments. This information should not replace an investor’s consultation with a financial professional regarding their tax situation. Nuveen is not a tax professional.
Investors should contact a tax professional regarding the appropriateness of tax-exempt investments in their portfolio. If sold prior to maturity, municipal securities are subject to gain/losses based on the level of interest rates, market conditions and the credit quality of the issuer. Income may be subject to the alternative minimum tax (AMT) and/or state and local taxes, based on the state of residence. Income from municipal bonds held by a portfolio could be declared taxable because of unfavorable changes in tax laws, adverse interpretations by the Internal Revenue Service or state tax authorities, or noncompliant conduct of a bond issuer. It is important to review your investment objectives, risk tolerance and liquidity needs before choosing an investment style or manager.
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her financial professionals.
The views and opinions expressed are for informational and educational purposes only as of the date of production/writing and may change without notice at any time based on numerous factors, such as market or other conditions, legal and regulatory developments, additional risks and uncertainties and may not come to pass. This material may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition. Any changes to assumptions that may have been made in preparing this material could have a material impact on the information presented herein by way of example. Performance data shown represents past performance and does not predict or guarantee future results.
All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such. For term definitions and index descriptions, please access the glossary on nuveen.com. Please note, it is not possible to invest directly in an index.
This information is confidential and must not be made available, published or distributed to any third party without the prior written consent of Nuveen.
Nuveen Asset Management, LLC is a registered investment adviser and an affiliate of Nuveen, LLC.
Nuveen provides investment advisory solutions through its investment specialists.
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This information does not constitute investment research as defined under MiFID.
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