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Separately Managed Accounts

Municipal Total Return

Nuveen
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Strategy description

Municipal Total Return combines holdings of investment grade, intermediate municipal bonds with a commingled fund that allocates to municipal bonds across the credit spectrum. The strategy seeks to provide total return and tax-exempt income through a portfolio that combines two types of investments, with a target allocation that generally includes: 
    •60% Intermediate Municipal Separately Managed Account
    •40% Municipal Total Return Managed Accounts Portfolio1

Asset class: Municipal fixed income

For term definitions and index descriptions, please access the glossary in the footer.

At a glance



 
Benchmark Bloomberg Barclays Municipal Bond Index
Average duration target (years) 5-9
Average maturity target (years) 10-20
Average credit quality target A
Average annual turnover (%) 15-40

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.

muni process diagram

            Resources

Investment specialist

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More strategies
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Separately Managed Accounts Customized Municipal Fixed Income
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Separately Managed Accounts Intermediate Term Municipal
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Separately Managed Accounts State Specific & State Preference portfolios
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The material contained on this website is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or investment strategy and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her financial professionals.

Nuveen provides investment advisory solutions through its investment specialists. Nuveen Securities, LLC, member FINRA  and SIPC  .

The TIAA group of companies does not provide legal or tax advice. Please consult your legal or tax advisor.

The information on this website is intended for U.S. residents only. If you are a non-U.S. resident, please visit the Global section of our website www.nuveen.com/global  . The information provided does not constitute a solicitation of an offer to buy, or an offer to sell securities in any jurisdiction to any person to whom it is not lawful to make such an offer.

NOT FDIC INSURED         MAY LOSE VALUE         NO BANK GUARANTEE

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