The investment seeks high current income exempt from regular federal income taxes; capital appreciation is a secondary objective. The fund normally invests at least 80% of net assets in municipal bonds that pay interest that is exempt from regular federal personal income tax. Under normal market conditions, it invests at least 65% of its net assets in low-to-medium-quality bonds rated BBB/Baa or lower. The fund may invest up to 15% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates ("inverse floaters").
Fund filings (PDF) »
John Miller (Started: Dec 31, 2000)
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Nuveen Investment Trust, JOHN NUVEEN & CO INC, CHICAGO MA 60606, USA