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The investment objective of the Nuveen AMT-Free Municupal Income Fund is to provide current income exempt from regular federal income tax and the alternative minimum tax applicable to individuals and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the fund's investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued. The fund invests in municipal securities that are exempt from federal income taxes, including the alternative minimum tax (AMT). The fund invests at least 80% of its managed assets in municipal securities rated, at the time of investment, investment grade (Baa/BBB or better by S&P, Moody’s, or Fitch) or, if they are unrated, are judged by the manager to be of comparable quality. The fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The fund uses leverage.