FAZTX – Nuveen AZ Municipal Bond A Investment Strategy | Morningstar

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Strategy

The investment seeks as high a level of current interest income exempt from regular federal, Arizona State and, in some cases, Arizona local income taxes as is consistent with preservation of capital. Under normal market conditions, 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
NMARX	Nuveen Arizona Municipal Bond Fund Class I	Institutional	Open			Feb 3, 1997	$89.77M	0.620%	High	$100,000	$5.35M
FAZTX	Nuveen Arizona Municipal Bond Fund Class A	Front Load	Open			Oct 29, 1986	$73.21M	0.820%	Above Average	$2,500	−$2.37M
FZCCX	Nuveen Arizona Municipal Bond Fund Class C	Level Load	Open			Feb 10, 2014	$1.42M	1.620%	High	$2,500	−$1.07M

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