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Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal High Income Opportunity Fund

Sector: Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices Region: IL, United States


: | NYSE MKT: NMZ


The primary investment objective of the Nuveen Municipal High Income Opportunity Fund is to provide high current income exempt from regular federal income tax. Its secondary investment objective is to seek attractive total return consistent with its primary objective. The fund invests in municipal securities that are exempt from federal income taxes. The fund invests at least 50% of its managed assets in municipal securities rated, at the time of investment, investment grade (Baa/BBB or better by S&P, Moody's, and Fitch) or, if they are unrated, are judged by the manager to be of comparable quality. The fund may invest up to 50% of its managed assets in municipal securities that, at the time of investment, are rated below investment grade quality or that are unrated but judged by the manager to be of comparable quality. No more than 5% of the fund's managed assets may be invested in municipal securities rated at or below B3/B-, or that are unrated but judged by the manager to be of comparable quality. Up to 30% of the fund's managed assets may be invested in municipal securities that pay interest that is taxable under the federal alternative minimum tax applicable to individuals. The fund uses leverage.

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Nuveen Municipal High Income Opportunity Fund video

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