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About half of the fund is invested in municipal “junk” bonds and up to 10 percent of assets can be invested in distressed securities. 5-year annualized return: 3.2 percent Yield: 3.58 percent
Revenue bonds: This type of muni is issued to fund a specific project, like the construction of a water treatment plant or hospital. The revenue from that project or service pays for the bond.
Municipal bonds look a lot like other kinds of bonds. State and local governments issue muni bonds in order to finance a variety of public projects, ranging from general budget outlays to specific ...
Build America Bonds are taxable municipal bonds that carry special tax credits and federal subsidies for either the bond issuer or the bondholder. Build America Bonds were created under Section 1531 of Title I of Division B of the American Recovery and Reinvestment Act that U.S. President Barack Obama signed into law on February 17, 2009.
Tax-free municipal bonds are not just a source of investment but also a significant contributor to public projects such as roads, schools and hospitals. These debt instruments are issued by local ...
Asset management, Fixed income, Money market, Alternative investments, Closed-end funds, Open-end funds, Corporate bonds, High-yield debt, Government bonds, Municipal bonds: AUM: US$381.1 billion (as of 30 June 2024) [1] Parent: Franklin Templeton: Website: www.westernasset.com
Nuveen was founded in Chicago, Illinois, in 1898 and originally focused solely on municipal bond underwriting and investments. While its investments today span nearly all major areas of capital markets, it is known for its size and influence in domestic fixed income generally, tax advantaged municipal bonds in particular and private real estate.
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