497 1 d438275d497.htm NUVEEN MUNICIPAL TRUST Nuveen Municipal Trust

NUVEEN LIMITED TERM MUNICIPAL BOND FUND

NUVEEN SHORT TERM MUNICIPAL BOND FUND

SUPPLEMENT DATED OCTOBER 13, 2023

TO THE PROSPECTUS DATED JULY 31, 2023

Steven M. Hlavin has been named a portfolio manager of Nuveen Limited Term Municipal Bond Fund and Nuveen Short Term Municipal Bond Fund. Paul L. Brennan, CFA, will continue to serve as a portfolio manager for the Funds. Christopher L. Drahn, CFA, will continue to serve as a portfolio manager for the Funds until his retirement on April 1, 2024.

Steven M. Hlavin, is Managing Director and Portfolio Manager at Nuveen Asset Management, LLC (“NAM”). He began his career in the financial services industry when he joined NAM in 2003 as a senior analyst. From 2008 until he was named a portfolio manager of certain municipal bond funds in 2010, he was an assistant portfolio manager responsible for NAM’s tender option bond program.

PLEASE KEEP THIS WITH YOUR

FUND’S PROSPECTUS

FOR FUTURE REFERENCE

MGN-NATPRO-1023P


NUVEEN LIMITED TERM MUNICIPAL BOND FUND

SUPPLEMENT DATED OCTOBER 13, 2023

TO THE STATEMENT OF ADDITIONAL INFORMATION DATED JULY 31, 2023

 

1.

Steven M. Hlavin has been named a portfolio manager of Nuveen Limited Term Municipal Bond Fund. Paul L. Brennan, CFA, will continue to serve as portfolio manager for the Fund. Christopher L. Drahn, CFA, will continue to serve as portfolio manager for the Fund until his retirement on April 1, 2024.

 

2.

The following is added to the table in the section of the Statement of Additional Information entitled “Service Providers – Portfolio Managers – Other Accounts Managed”:

 

Portfolio Manager

  

Type of Account Managed

   Number
of Accounts
   Assets
 (millions) 
   Number of
Accounts with
Performance-
 Based Fees 
   Assets of
Accounts with
Performance-
Based Fees

Steven M. Hlavin*

   Registered Investment Companies    7    $6,757.73    0    $0
   Other Pooled Investment Vehicles    1    $412.27    0    $0
   Other Accounts    0    $0    0    $0

 

*

Information provided is as of August 31, 2023.

 

3.

The following is added to the table in the section of the Statement of Additional Information entitled “Service Providers – Portfolio Managers – Beneficial Ownership of Securities”:

 

Portfolio Manager

  

Fund

   Dollar Range of
Equity Securities
Beneficially Owned in
Fund Managed
   Dollar Range of Equity
Securities Beneficially
Owned in the
Remainder of Nuveen
Funds Managed by
Nuveen Asset
Management’s
Municipal
Investment Team

Steven M. Hlavin*

   Nuveen Limited Term Municipal Bond Fund    A    A

 

*

Information provided is as of August 31, 2023.

PLEASE KEEP THIS WITH YOUR STATEMENT OF ADDITIONAL INFORMATION

FOR FUTURE REFERENCE

MGN-NATSAI-1023P