Nuveen Investments, Inc. has launched the Nuveen Taxable Municipal Income Fund, a closed-ended fixed income mutual fund. The fund, which is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, invests primarily in the United States fixed income markets and additionally, some portion of its portfolio in derivative instruments. The Nuveen Taxable Municipal Income Fund focuses on taxable municipal securities, especially the Build America Bonds. In building its portfolio, the fund utilizes a fundamental analysis approach with both bottom-up and top-down stock picking strategies. The fund evaluates its success against the Barclays Capital Build America Bond Index. The Nuveen Taxable Municipal Income Fund was previously known as the Nuveen Build America Bond Fund and was established on December 4, 2009, and operates in the United States.