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Nuveen Intermediate Duration Municipal Bond Fund Class A: (MF: NMBAX)
(NASDAQ Mutual Funds) As of Apr 24, 2024 08:00 PM ET
$8.77 USD
0.00 (NA)
Zacks MF Rank
1-Strong Buy of 5 1
Fund Description
The fund was incepted in November 1976 and is managed by Nuveen Advisory Corp. The fund seeks to provide a high level of current interest income exempt from regular federal income taxes as is consistent with preservation of capital. The fund purchases only quality municipal bonds that are rated investment grade at the time of purchase by at least one independent rating agency. Under normal market conditions, the fund may invest up to 20% of its net assets in short-term investments, such as, short-term, high quality municipal bonds or money market funds. Dividends are distributed monthly and capital gains are distributed annually in December.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Nuveen Interm Duratn Muni A | NMBAX | 3.00 | NA | 0.00 | 0.20 | 0.38 | 0.65 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Nuveen Interm Duratn Muni I | NUVBX | 8.82 | 11/29/1976 | 0.72 | 3.90 | -0.23 | 1.54 |
| Nuveen Interm Duratn Muni A | NMBAX | 8.77 | 11/30/1976 | 0.69 | 3.70 | -0.39 | 1.36 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Nuveen Interm Duratn Muni A | NMBAX | 3000 | 100 | 0 | M |
Contact Information
| Family | Nuveen |
| Address | 333 West Wacker Drive Chicago, IL 60606 |
| Phone | 800 257-8787 |