05/06/2024 | Press release | Distributed by Public on 05/06/2024 04:15
1. |
The section "Fund Summaries-Nuveen Virginia Municipal Bond Fund-Fees and Expenses of the Fund-Annual Fund Operating Expenses" is deleted in its entirety and replaced with the following:
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Class A | Class C | Class I | ||||||||||
Management Fees
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0.49 | % | 0.49 | % | 0.49 | % | ||||||
Distribution and/or Service (12b-1) Fees
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0.20 | % | 1.00 | % | 0.00 | % | ||||||
Other Expenses
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0.09 | % | 0.09 | % | 0.09 | % | ||||||
Total Annual Fund Operating Expenses
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0.78 | % | 1.58 | % | 0.58 | % | ||||||
Fee Waivers and/or Expense Reimbursements2,3
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(0.05 | )% | (0.05 | )% | (0.05 | )% | ||||||
Total Annual Fund Operating Expenses After Fee Waivers and/or
Expense Reimbursements
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0.73 | % | 1.53 | % | 0.53 | % |
1 |
The contingent deferred sales charge on Class C shares applies only to redemptions within 12 months of purchase.
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2 |
Fee Waivers and/or Expense Reimbursements have been restated to reflect current fees.
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3 |
The Fund's investment adviser has agreed to waive fees and/or reimburse expenses through July 31, 2026 so that the total annual operating expenses of the Fund (excluding 12b-1 distribution and/or service fees, interest expenses, taxes, acquired fund fees and expenses, fees incurred in acquiring and disposing of portfolio securities and extraordinary expenses) do not exceed 0.57% of the average daily net assets of any class of Fund shares. This expense limitation may be terminated or modified prior to July 31, 2026 only with the approval of the Board of Trustees of the Fund.
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2. |
The section "Fund Summaries-Nuveen Virginia Municipal Bond Fund-Fees and Expenses of the Fund-Example" is deleted in its entirety and replaced with the following:
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Class A | Class C | Class I | |||||||||||
1 Year
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$ | 491 | $ | 156 | $ | 54 | |||||||
3 Years
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$ | 644 | $ | 484 | $ | 171 | |||||||
5 Years
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$ | 821 | $ | 846 | $ | 309 | |||||||
10 Years
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$ | 1,332 | $ | 1,866 | $ | 712 | |||||||
3. |
The following paragraph is added as the fifth paragraph of the section "How We Manage Your Money-Who Manages the Funds-Management Fees":
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