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.
Will NNSCX 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 NNSCX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the NNSCX 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 NNSCX’s parent organization’s priorities and whether they’re in line with investors’ interests.