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Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nuveen Intermediate Duration Municipal Bond Fund

NNCCX | Fund

$8.74

$7.71 B

2.25%

$0.20

1.45%

Vitals

YTD Return

0.4%

1 yr return

0.7%

3 Yr Avg Return

-1.5%

5 Yr Avg Return

0.0%

Net Assets

$7.71 B

Holdings in Top 10

4.7%

52 WEEK LOW AND HIGH

$8.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.45%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 26.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$3,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nuveen Intermediate Duration Municipal Bond Fund

NNCCX | Fund

$8.74

$7.71 B

2.25%

$0.20

1.45%

NNCCX - Profile

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.07%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Intermediate Duration Municipal Bond Fund
  • Fund Family Name
    Nuveen Funds
  • Inception Date
    Feb 10, 2014
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul Brennan

Fund Description

Under normal market conditions, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal personal income tax. Regular federal personal income tax is different from, and does not include, the federal alternative minimum tax. These municipal bonds include obligations issued by U.S. states and their subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories (such as Puerto Rico, the U.S. Virgin Islands and Guam) that pay interest that is exempt from regular federal personal income tax. The Fund may invest without limit in securities that generate income subject to the alternative minimum tax on individuals. For tax years beginning after December 31, 2022, income received from the Fund’s municipal bonds may affect the federal corporate alternative minimum tax for certain corporations. Under normal market conditions, the Fund maintains a weighted average effective duration of between 3 and 10 years, and expects to generally maintain a weighted average effective duration of between 4.5 and 7 years.
Under normal market conditions, the Fund invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher at the time of purchase by at least one independent rating agency, or, if unrated, judged by the Fund’s sub-adviser to be of comparable quality. The Fund may invest up to 20% of its net assets in below investment grade municipal bonds, commonly referred to as “high yield” or “junk” bonds.
The Fund may invest in all types of municipal bonds, including general obligation bonds, revenue bonds and participation interests in municipal leases. The Fund may invest in zero coupon bonds, which are issued at substantial discounts from their value at maturity and pay no cash income to their holders until they mature.
The Fund may invest up to 15% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates (“inverse floaters”). Inverse floaters are derivative securities that provide leveraged exposure to underlying municipal bonds. The Fund’s investments in inverse floaters are designed to increase the Fund’s income and returns through this leveraged exposure. These investments are speculative, however, and also create the possibility that income and returns will be diminished.
The Fund may utilize the following derivatives: futures contracts; options on futures contracts; swap agreements, including interest rate swaps, and options on swap agreements. The Fund may use these derivatives in an attempt to manage market risk, credit risk and yield curve risk, and to manage the effective maturity or duration of securities in the Fund’s portfolio.
The Fund’s sub-adviser uses a value-oriented strategy and looks for higher-yielding and undervalued municipal bonds that offer above-average total return. The sub-adviser may choose to sell municipal bonds with deteriorating credit or limited upside potential compared to other available bonds.
Read More

NNCCX - Performance

Return Ranking - Trailing

Period NNCCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -6.1% 36.1% 78.24%
1 Yr 0.7% -6.0% 38.2% 72.67%
3 Yr -1.5%* -11.5% 5.9% 72.54%
5 Yr 0.0%* -7.2% 1103.7% 79.40%
10 Yr 1.2%* -1.1% 248.9% 67.37%

* Annualized

Return Ranking - Calendar

Period NNCCX Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -1.4% 41.0% 49.90%
2022 -10.2% -39.7% 0.3% 36.93%
2021 -0.2% -5.6% 6.9% 38.21%
2020 1.8% -2.6% 310.0% 45.10%
2019 4.1% 0.0% 26.0% 39.02%

Total Return Ranking - Trailing

Period NNCCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -6.1% 36.1% 78.24%
1 Yr 0.7% -6.0% 38.2% 72.67%
3 Yr -1.5%* -11.5% 5.9% 72.54%
5 Yr 0.0%* -7.2% 1103.7% 79.40%
10 Yr 1.2%* -1.1% 248.9% 67.37%

* Annualized

Total Return Ranking - Calendar

Period NNCCX Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% -1.3% 41.0% 72.19%
2022 -9.1% -39.7% 1.1% 46.62%
2021 1.0% -4.8% 23761504.0% 65.29%
2020 3.5% -1.5% 17057.9% 58.82%
2019 6.0% 0.2% 3514.6% 63.35%

NAV & Total Return History

NNCCX - Holdings

Concentration Analysis

NNCCX Category Low Category High NNCCX % Rank
Net Assets 7.71 B 3.22 M 71.9 B 3.76%
Number of Holdings 1629 4 13418 4.37%
Net Assets in Top 10 367 M -317 M 3.09 B 9.20%
Weighting of Top 10 4.72% 1.8% 100.3% 98.59%

Top 10 Holdings

  1. Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1 0.62%
  2. Invesco Value Municipal Income Trust Variable Rate Munifund Term Preferred Shares Series 2015/6 IIM. JP MORGAN CHASE PUTTERS / DRIVERS TR VAR STS CTFS 0.53%
  3. Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Series 2024A 0.50%
  4. Washington State Housing Finance Commission, Social Municipal Certificates Multifamily Revenue Bonds, Series 2021-1 Class A 0.49%
  5. Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-2 0.44%
  6. Richmond Hospital Authority, Indiana, Revenue Bonds, Reid Hospital Project, Refunding Series 2018B 0.44%
  7. New Jersey Economic Development Authority, Water Facilities Revenue Bonds, New Jersey-American Water Company Inc. Project, Refunding Series 2019A 0.43%
  8. District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2006A 0.43%
  9. Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master Settlement, Series 2018 0.42%
  10. Whiting, Indiana, Environmental Facilities Refunding Revenue Bonds, BP Products North America Inc. Project, Refunidng Series 2019A 0.41%

Asset Allocation

Weighting Return Low Return High NNCCX % Rank
Bonds 		98.32% 0.00% 150.86% 62.42%
Cash 		1.95% -50.86% 44.62% 33.58%
Stocks 		0.00% 0.00% 99.77% 68.39%
Preferred Stocks 		0.00% 0.00% 0.07% 61.58%
Convertible Bonds 		0.00% 0.00% 0.93% 61.43%
Other 		-0.27% -3.69% 53.54% 99.06%

Bond Sector Breakdown

Weighting Return Low Return High NNCCX % Rank
Municipal 		99.08% 44.39% 100.00% 38.10%
Cash & Equivalents 		0.00% 0.00% 44.41% 83.95%
Securitized 		0.00% 0.00% 5.93% 62.24%
Corporate 		0.00% 0.00% 9.41% 67.97%
Government 		0.00% 0.00% 52.02% 64.06%
Derivative 		-0.27% -3.69% 53.54% 99.13%

Bond Geographic Breakdown

Weighting Return Low Return High NNCCX % Rank
US 		98.32% 0.00% 142.23% 59.97%
Non US 		0.00% 0.00% 23.89% 63.67%

NNCCX - Expenses

Operational Fees

NNCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.45% 0.01% 8.02% 17.94%
Management Fee 0.39% 0.00% 1.20% 36.44%
12b-1 Fee 1.00% 0.00% 1.00% 92.54%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

NNCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load 1.00% 0.25% 5.00% 61.89%

Trading Fees

NNCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NNCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.00% 283.00% 73.65%

NNCCX - Distributions

Dividend Yield Analysis

NNCCX Category Low Category High NNCCX % Rank
Dividend Yield 2.25% 0.00% 14.51% 87.99%

Dividend Distribution Analysis

NNCCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

NNCCX Category Low Category High NNCCX % Rank
Net Income Ratio 1.07% -0.53% 5.33% 84.84%

Capital Gain Distribution Analysis

NNCCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

NNCCX - Fund Manager Analysis

Managers

Paul Brennan

Start Date

Tenure

Tenure Rank

Dec 21, 2007

14.45

14.5%

Paul L. Brennan, CFA, is Senior Vice President and Portfolio Manager of Nuveen Asset Management. He began his career in the financial industry in 1991 as a municipal credit analyst for Flagship Financial Inc. (“Flagship”) before becoming a portfolio manager at Flagship in 1994. Mr. Brennan joined Nuveen Asset Management in 1997 when the firm acquired Flagship.

Stephen Candido

Start Date

Tenure

Tenure Rank

Dec 10, 2020

1.47

1.5%

Stephen J. Candido, CFA, is Vice President, Portfolio Manager and Senior Research Analyst at Nuveen Asset Management, LLC. Mr. Candido is a portfolio manager and senior research analyst for the Municipal Fixed Income Team, responsible for conducting fundamental credit analysis and contributing to relative value assessments with portfolio managers and traders, primarily for high yield strategies. He specializes in covering land secured credits, including special assessment districts, tax increment financings, and project finance. In addition, he is assigned to the student loan and housing sectors, including student housing. Mr. Candido started working in the financial services industry in 1996 when he joined the firm in the Unit Trust Division. Prior to his current role on the research team, he was an assistant vice president for Nuveen’s Global Structured Products team beginning in 2005. He also served as the manager of the Fixed Income Unit Trust Product Management and Pricing Group starting in 2001 and prior to that held positions as an equity research analyst and fixed income pricing analyst. Mr. Candido earned a B.S. in finance from Miami University in Ohio and an M.B.A. in finance with honors as a member of Beta Gamma Sigma from the University of Illinois-Chicago. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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