Nuveen Intermediate Duration Municipal Bond boasts an experienced manager and an impressive team. Yet its fee advantage has eroded against cheaper options in the category. Under our new ratings methodology, which places greater emphasis on fees, its cheaper share classes receive a Morningstar Analyst Rating Downgrade to Neutral, while its most expensive earns a Negative.
Nuveen Intermediate Duration Muni Bd A NMBAX
NAV / 1-Day Return
9.55
/
0.11
%
Total Assets
10.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.650%
Expense Ratio
0.650%
Fee Level
Low
Longest Manager Tenure
13.20
years
Category
Muni National Interm
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
3,000
Status
Open
TTM Yield
2.34%
Effective Duration
4.98
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will NMBAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
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.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of NMBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
An adventurous option for broad municipal exposure.
