Nuveen Investment Inc.’s Limited-Term Municipal Bond Fund has outperformed a benchmark index for 2007, bucking the downward trend of most municipal bonds in 2007, according to the Wall Street Journal.

Fund manager Paul Brennan said the limited-term fund differs from most Nuveen funds by investing in maturities of between one and seven years, compared with an average of between 15 and 30 years. Also, the fund selects bonds with a triple-B rating or lower.

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