Profile: Nuveen Amt-Free Municipal Income Fund (NEA.A)
12 Dec 2013
Nuveen Insured Tax-Free Advantage Municipal Fund (the Fund) is a diversified closed-end management investment company. The Fund seeks to provide current income exempt from regular federal income tax and alternative minimum tax applicable to individuals, by investing primarily in a diversified portfolio of municipal obligations issued by state and local government authorities or certain United States territories. Nuveen Asset Management, a wholly owned subsidiary of Nuveen Investments, Inc., serves as the investment advisor of the Fund.
The Fund invests at least 80% of its net assets (including net assets attributable to preferred shares) in municipal securities that are covered by insurance. It may also invest up to 20% of its net assets (including net assets attributable to preferred shares) in municipal securities, which are either backed by an escrow or trust containing sufficient United States Government or the United States Government agency securities, or rated, at the time of investment, within the four highest grades (Baa or BBB or better by Moody’s Investor Service, Inc., Standard & Poor’s Group or Fitch), or unrated but judged to be of comparable quality by the Fund’s investment advisor. The Fund invests in sectors, such as healthcare, utilities, transportation and other sectors. The Fund is authorized to invest in inverse floating-rate securities and certain derivative financial instruments.
Nuveen Amt-Free Municipal Income Fund
333 WEST WACKER DRIVE
CHICAGO IL 60606