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Morningstar

Nuveen Intermediate Duration Muni Bd A NMBAX

Morningstar Analyst Rating
Analyst rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 8.87  /  0.35 %
  • Total Assets 8.2 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.630%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 2.11%
  • Effective Duration 5.72 years

USD | NAV as of Feb 02, 2023 | 1-Day Return as of Feb 02, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis NMBAX

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.

There are concerns for this approach to municipal bond exposure.

Associate Director

Summary

| by Elizabeth Foos

Nuveen Intermediate Duration Municipal Bond’s investment process harbors several risks that detract from this strategy’s experienced managers and expansive team. Its cheapest share classes receive a Morningstar Analyst Rating of Neutral, while its most expensive are rated Negative.

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