Nuveen Intermediate Duration Munical Bond Fund Cl C (NNCCX)

The Nuveen Intermediate Duration Municipal Bond Fund Class C (NNCCX) is a mutual fund that primarily invests in a diversified portfolio of intermediate-term municipal bonds. These bonds are issued by state and local governments and are used to fund public projects such as schools, roads, and hospitals. The fund aims to provide investors with a steady stream of tax-free income while also maintaining a moderate level of risk. With a focus on intermediate-term bonds, the fund offers a balance between potential for higher returns and lower interest rate risk. As a Class C fund, it may have higher fees compared to other classes, but it also offers the potential for higher returns. Overall, the Nuveen Intermediate Duration Municipal Bond Fund Class C is a suitable option for investors seeking tax-free income with a moderate level of risk.