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Closed End Fund Debt

Nuveen Insured Dividend Advantage Municipal Fund (NVG) is a closed-end management investment company that aims to provide current income exempt from regular federal income tax and California state personal income tax. The fund invests primarily in a portfolio of investment grade municipal securities that are exempt from federal income taxes and, in some cases, state and local income taxes.

In terms of financials, as of October 31, 2021, NVG has total assets of $3.5 billion, with a net asset value (NAV) of $17.23 per share. The fund's 30-day SEC yield as of December 31, 2021 is 3.34%.

In terms of earnings, NVG has had consistent growth over the past few years. For the fiscal year ended November 30, 2021, the fund reported a net investment income of $110.3 million, representing a 4.2% increase from the previous fiscal year.

The fund's 5-year average annual total return (as of December 31, 2021) is 4.61%, outperforming the 5-year average annual total return of the benchmark index, the S&P National Municipal Bond Index, which was 3.61%. However, it's worth noting that past performance is not indicative of future results.

In summary, NVG is a closed-end fund that focuses on providing current income through investment in municipal securities. The fund has had consistent financial and earnings growth in recent years, but as with any investment, it's important to carefully consider the risks and potential rewards before making an investment decision.