# Nuveen Intermediate Duration Municipal Term Fund (NID): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nid for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Nuveen · Asset class: Bond - Strategy: Thematic · Inception: 2012-12-06 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... ## Key Facts | Metric | Value | |---|---| | Price | $13.00 | | Expense Ratio | 1.47% | | Assets Under Management | $610.0M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $12.52 – $13.55 | | Beta | 0.28 | ## Latest Distribution - Amount: $0.0430 /share - Ex-date: 2023-02-14 - Pay date: 2023-03-01 ## Frequently Asked Questions ### 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. ### Does NID pay a dividend? Nuveen Intermediate Duration Municipal Term Fund (NID) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does NID pay dividends? Nuveen Intermediate Duration Municipal Term Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is NID's dividend yield? NID's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is NID's next ex-dividend date? The most recently announced ex-dividend date for NID was 2023-02-14. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will NID's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.47% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NID charge its expense ratio? The expense ratio is deducted in tiny daily slices from NID's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NID cost more than a fund like VOO? NID's strategy (current expense ratio 1.47%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where NID sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to NID? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as NID (1.47%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nid - Distribution history: https://www.dividenddata.com/funds/nid/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nid/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nid/expenses - Peer comparison: https://www.dividenddata.com/funds/nid/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.