Nuveen Intermediate Duration Municipal Bond boasts an expansive team and experienced managers, but its investment process harbors several risks. Its least expensive share classes receive a Morningstar Analyst Rating of Neutral while its most expensive are rated Negative.
Will NMBAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NMBAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the NMBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of NMBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.