NNJAX Nuveen NJ Municipal Bond A Forecast, Technical & Fundamental Analysis

The investment seeks to provide with as high a level of current interest income exempt from regular federal, New Jersey State and, in some cases, New Jersey local income taxes as is consistent with preservation of capital. The fund invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher at the time of purchase by at least one independent rating agency, or, if unrated, judged by the fund’s sub-adviser to be of comparable quality. The fund may invest up to 20% of its net assets in below investment grade municipal bonds, commonly referred to as “high yield” or “junk” bonds.