NMBAX

About NMBAX

Nuveen Intermediate Duration Municipal Bond Fund Class A is a mutual fund designed to provide a high level of tax-exempt income while seeking to preserve capital. This fund primarily invests in a diversified portfolio of investment-grade, intermediate-term municipal bonds, maintaining a weighted average effective duration typically between 4.5 and 7 years. These bonds are sourced from issuers such as state and local governments, and the fund leverages a large credit analyst team to identify value opportunities within the municipal bond market. At least 80% of the fund’s net assets are allocated to investment-grade securities, with the remainder available for lower-rated holdings, enhancing diversification. The fund stands out for its focus on tax efficiency, as most of its income is exempt from regular federal income tax, which makes it especially relevant for investors seeking tax-advantaged income streams. Nuveen Intermediate Duration Municipal Bond Fund Class A plays a key role for those seeking income stability, broad municipal market exposure, and potential risk mitigation within fixed-income allocations.