Nuveen Select Maturities Municipal Fund

Frequently Asked Questions About NIM

What does NIM invest in?

Nuveen Select Maturities Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests primarily in municipal securities rated Baa/BBB or better. It invests in securities that provide income exempt from federal income tax. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the S&P Intermediate Municipal Bond Index and the S&P National Municipal Bond Index. Nuveen Select Maturities Municipal Fund was formed on September 18, 1992 and is domiciled in the United States.

What is the expense ratio of NIM?

Nuveen Select Maturities Municipal Fund (NIM) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations.

What is NIM's dividend yield?

NIM's trailing-twelve-month yield is 3.79%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NIM?

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

What is the credit quality of NIM?

NIM'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 NIM?

Yield to maturity (YTM) is the total return you'd earn from NIM if every bond in the portfolio is held to maturity at the current price. NIM'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.