Skip to main content
utility-drawer__close
0
Welcome to Nuveen
Select your preferred site so we can tailor your experience.
Americas
  • Americas
  • Asia Pacific
  • Europe, Middle East, Africa
location select
United States
  • Canada
  • Latin America
  • United States
location select
Financial Professional
  • Institutional Investor
  • Individual Investor
  • Financial Professional
  • Global Cities REIT (GCREIT)
  • Green Capital
  • Private Capital Income Fund (PCAP)
location select

RECENT SEARCHES

Intermediate Term Municipal

Find another strategy

Recently Viewed
Strategy highlights
  • Tax-exempt income: The strategy seeks to deliver consistent income while reducing fluctuations in portfolio value
  • Risk and reward balance: Capitalize on inefficincies and effectively manage risk through rigorous evaluation of securities, sectors, bond structure, yield curve and duration positioning
  • Tap into experience: One of the industry's largest credit research teams uncovers opportunities that others may overlook

Strategy description

Investing in the intermediate portion of the municipal yield curve can provide unique risk and reward characteristics while generating consistent tax-exempt income. Intermediate Term Municipal focuses on total return performance while seeking to provide consistent income.

Investment process

Fundamental credit research is the foundation of the investment process. The municipal team considers economic outlook, credit analysis, trading and yield curve analysis when determining overall investment strategy. Targets and guidelines are developed for duration, yield curve positioning, security structure, sectors and credit quality. Portfolio managers construct portfolios through close collaboration with the credit research analysts and traders.

At-a-glance

Benchmark

Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index

Number of positions range

8 – 15

Average duration target (years)

5 – 6.5

Average maturity target (years)

7 – 10

Average credit quality target

AA

Average annual turnover (%)

15 – 40

Literature and resources

A separately managed account (SMA) is a private portfolio of actively managed, individual securities that may be customized to achieve an individual investor's unique objectives.

SMA accounts typically require a minimum investment of $100,000 for equity and asset allocation strategies and $350,000 for fixed income strategies, although the specific minimum account size varies by program and may be subject to change. The manager may waive these minimums based on client type, asset class, pre-existing relationship with client and other factors. For certain accounts, a negotiated minimum annual fee applies. Please consult with your Nuveen Advisor Consultant for applicable minimums.

Important information on risk

All investments carry a certain degree of risk, including possible loss of principal, and there is no assurance that an investment will provide positive performance over any period of time. An investment in any municipal portfolio should be made with an understanding of the risks involved in investing in municipal bonds, such as interest rate risk, credit risk, and market risk. The value of the portfolio will fluctuate based on the value of the underlying securities. Please contact a tax advisor regarding the appropriateness of tax-exempt investments in your portfolio. Nuveen is not a tax advisor. If sold prior to maturity, municipal securities are subject to gain/losses based on the level of interest rates, market conditions and the credit quality of the issuer. Income may be subject to the alternative minimum tax (AMT) and/or state and local taxes, based on the investor’s state of residence. Income from municipal bonds held by a portfolio could be declared taxable because of unfavorable changes in tax laws, adverse interpretations by the Internal Revenue Service or state tax authorities, or noncompliant conduct of a bond issuer. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.

Check with your financial professional for specific product availability and performance information. This information may change without notice. From time to time, we may close or reopen strategies.

Nuveen Asset Management, LLC is a registered investment adviser and an affiliate of Nuveen, LLC.

S-3758227P-E0724W

Aerial view of the ocean shore

You are on the site for: Financial Professionals and Individual Investors. You can switch to the site for: Institutional Investors or Global Investors

Subscribe to receive timely research and thought leadership based on your preferences
Leverage insights to help navigate evolving markets and discover opportunities across asset classes.
< Back

Important information about subscriptions and our privacy policy.

You are about to access our website for visitors outside of the United States.

You are about to access our website for Nuveen Global Cities REIT

You are leaving the Nuveen website.

You are leaving the Nuveen website and going to the website of the MI 529 Advisor Plan, distributed by Nuveen Securities, LLC.

The Nuveen website for institutional investors is available for you.

You are about to access our website for visitors outside of the United States.

You are about to access our website for Nuveen Churchill Private Capital Income Fund (“NC - PCAP”)

Back to Top