Nuveen Dividend Advantage Municipal Fund 2 (NYSEMKT: NXZ) is a closed-end management investment company that seeks to provide shareholders with a high level of tax-advantaged income. Listed on the NYSE MKT, the fund primarily invests in investment-grade municipal debt securities, with a focus on bonds issued by state and local governments across the United States. It is structured to offer monthly distributions and potential for capital appreciation over the long term.
The fund’s portfolio is diversified across various sectors of the U.S. municipal market, including general obligation bonds, revenue bonds and other types of public finance instruments. By targeting high-quality, tax-exempt securities, NXZ aims to generate income that is exempt from federal and, in many cases, state and local taxes. The fund may also employ leverage and other portfolio management strategies to enhance yield and total return.
Nuveen Dividend Advantage Municipal Fund 2 is managed by Nuveen Fund Advisors, part of Nuveen, a leading investment manager with a history dating back to 1898. Nuveen is an affiliate of TIAA, a Fortune 100 financial services organization. The fund benefits from the research capabilities and credit-analysis expertise of the broader Nuveen municipal bond team.
Since its launch, the fund has served individual and institutional investors seeking a consistent, tax-efficient income stream from the U.S. municipal sector. Its diversified approach and professional management aim to address the evolving needs of investors in a variety of tax environments.
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