Nuveen Dividend Advantage Municipal Fund 2 (NYSEMKT:NXZ) is a diversified, closed-end management investment company focused on generating tax-advantaged income through investments in municipal debt obligations. Listed on the NYSE MKT, the fund seeks to provide shareholders with a high level of monthly dividends by investing primarily in investment-grade and non-investment-grade municipal bonds issued by U.S. states, municipalities and related entities. The fund may employ leverage to enhance income potential, consistent with its objective of delivering attractive after-tax yields.
As part of Nuveen’s Dividend Advantage series, NZX applies an active, research-driven approach to portfolio construction. The investment team evaluates credit quality, call features and relative value across a broad range of sectors, including general obligation, revenue and essential service bonds. Through ongoing credit analysis and duration management, the fund aims to balance income generation with risk mitigation, adapting to changing market conditions and interest rate environments.
The fund is managed by Nuveen Asset Management, a TIAA subsidiary with a long history in municipal bond investing dating back decades. A dedicated group of seasoned municipal portfolio managers and credit analysts oversees day-to-day decision making, drawing upon Nuveen’s global resources and local market expertise. This team is responsible for security selection, portfolio diversification and leveraging strategies designed to support the fund’s distribution policy.
Serving primarily U.S. investors, Nuveen Dividend Advantage Municipal Fund 2 offers exposure to state and local government financing across North America. The fund’s focus on municipal debt can appeal to those seeking potential tax-exempt income, portfolio diversification and professional management within a closed-end structure. Nuveen continues to emphasize disciplined credit research and risk management as cornerstones of the fund’s long-term strategy.
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