Two Nuveen funds make changes to weighted average portfolio maturity

By Toni Weeks

San Diego, March 12 - Two Nuveen funds made changes to their portfolio durations, according to form 497 filings with the Securities and Exchange Commission.

The Nuveen High Yield Municipal Bond Fund will maintain, under normal market conditions, an investment portfolio with an overall weighted average maturity in excess of 10 years. The previous duration for the fund was specified as 15 to 30 years.

In addition, the Nuveen California High Yield Municipal Bond Fund will maintain an overall weighted average maturity of over 10 years. Previously it specified the portfolio maturity as 15 to 30 years.

Chicago-based Nuveen Fund Advisors, Inc. serves as the investment adviser to the funds.

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