The investment seeks a high level of current interest income exempt from regular federal, California State and, in some cases, California local income taxes as is consistent with preservation of capital. The fund invests at least 80% of its net assets in municipal bonds that pay interest that is exempt from regular federal and California personal income tax. It may invest without limit in securities that generate income subject to the alternative minimum tax. The fund is a long-term bond fund and, as such, will generally maintain, under normal market conditions, an investment portfolio with an overall weighted average maturity of greater than 10 years.
Fund filings (PDF) »
Scott Romans (Started: Jan 31, 2003)
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Nuveen Investment Trust, JOHN NUVEEN & CO INC, CHICAGO MA 60606, USA