Nuveen Intermediate Duration Municipal Term Fund

Frequently Asked Questions About NID

What does NID invest in?

The Nuveen Intermediate Duration Municipal Term Fund is a closed-end mutual fund dedicated to fixed income investments. Established by Nuveen Investments, Inc., its management is a collaborative effort between Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. The fund's investment strategy primarily involves capital allocation within the United States' fixed income markets, with a particular focus on municipal securities that offer the benefit of federal income tax exemption. It specifically targets municipal debt instruments that maintain an investment-grade credit rating (Baa/BBB or higher from S&P, Moody's, or Fitch) and possess an effective duration typically ranging from 3 to 10 years. This fund began operations on December 5, 2012, and is domiciled in the United States.

What is the expense ratio of NID?

Nuveen Intermediate Duration Municipal Term Fund (NID) charges an expense ratio of 1.47%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of NID?

Effective duration measures NID's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NID's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NID?

NID's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of NID?

Yield to maturity (YTM) is the total return you'd earn from NID if every bond in the portfolio is held to maturity at the current price. NID's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is NID?

Nuveen Intermediate Duration Municipal Term Fund (NID) manages $610.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.