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Municipal bond investing hero

Municipal bond investing

Leading the way in municipal bonds

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.

Featured insights
MuniTV
Watch Episode 20 of MuniTV with Dan Close, Head of Municipals, as he focuses on ways to capture extra income potential by moving out on the municipal yield curve.
Municipal Bonds Munis in your community: Scorecard
The Nuveen Muni Monitor is a guide that informs our discussions and debate around the unique landscape of the U.S. municipal bond market.
Municipal Bonds Municipal bonds: Attractive yields and solid credit create opportunities
Investors look to high yield municipals to drive additional yield and total return.




Awards

Nuveen Award

Nuveen receives Smith's All Star Municipal Analysts Award

Explore municipal funds


See fund performance and calculate taxable equivalent yield (TEY). View funds below.

NUVBX
Invests primarily in investment-grade intermediate-term municipal bonds, seeking to provide investors with as high a level of tax-exempt income as possible while also preserving capital [Calculate TEY]

NHMRX
Focuses on providing investors with a high level of income by investing in non-investment-grade and unrated municipal bonds [Calculate TEY]


Municipal funds


Filters

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 for a period of less than one year are cumulative. Returns without sales charges would be lower if the sales charges were included. Returns assume reinvestment of dividends and capital gains. 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.

To view standardized and/or most recent month-end performance, click the fund's ticker symbol.

Overview

An interval fund is a continuously offered closed-end fund that provides periodic liquidity through share repurchases (typically monthly, quarterly, semi-annually or annually). Investors can access less liquid investment strategies in a registered product and enter or exit their investment at net asset value (NAV). An interval fund shares characteristics of an open-end fund, closed-end fund and private fund, for investors with a higher tolerance for risk and illiquidity preference.
Returns quoted represent past performance which is no guarantee of 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 for a period of less than one year are cumulative. Returns without sales charges would be lower if the sales charges were included. Returns assume reinvestment of dividends and capital gains. Class I shares have no sales charge and may be purchased by specified classes of investors.
 

Why Nuveen for tax-exempt income?

125+
years of experience1
25
credit research analysts
Top 5
third-party manager of assets in municipal separately managed accounts
#3
largest municipal fund manager

Nuveen traces its history to 1898 when the company began underwriting municipal bonds, and TIAA was founded in 1918.

Total credit research analyst as of 31 Dec 2024.

Top 5 third-party manager of assets in municipal separately managed accounts based on Cerulli Associates, The Cerulli Report, U.S. Managed Accounts 2024. Data as of 31 Dec 2023, updated annually; most recent data available. Based on total assets; includes proprietary assets; does not include model separate accounts.

#3 largest municipal fund manager based on data from Nuveen, Morningstar Direct as of 31 Dec 2024. Based on total net assets of U.S. open end funds for the Nuveen Family of Funds and the TIAA CREF 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.

Important information on risk

Past performance is no guarantee of future results. Investing in municipal bonds involves risks such as interest rate risk, credit risk and market risk, including the possible loss of the entire principal amount that you invest, and there is no assurance that an investment will provide positive performance over any period of time. The value of the portfolio will fluctuate based on the value of the underlying securities. There are special risks associated investments in high yield bonds, hedging activities and the potential use of leverage. Portfolios that include lower rated municipal bond commonly referred to as "high yield" or "junk" bonds, which are considered to be speculative, the credit and investment risk is heightened for the portfolio. 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. Certain products and services may not be available to all entities or persons. There is no guarantee that a Fund's investment objectives will be achieved.


This information should not replace an investors consultation with a financial professional regarding their tax situation. Nuveen is not a tax advisor. 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.

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