Nuveen Select Maturities Municipal Fd (NIM)
Frequently Asked Questions About Nuveen Select Maturities Municipal Fd (NIM)
Can NIM be affected by changes in interest rates?
Yes, Nuveen Select Maturities Municipal Fund can be affected by changes in interest rates. When interest rates rise, the prices of existing bonds tend to fall, which can lead to declines in the value of the fund's portfolio and impact its NAV. Conversely, when interest rates fall, existing bonds may increase in value, benefiting the fund.
How do I invest in NIM?
Investing in Nuveen Select Maturities Municipal Fund can be done through various brokerage platforms, allowing individuals to buy and sell shares just like any publicly traded stock. Investors should conduct their own research and consult with financial advisors to ensure that the fund aligns with their investment goals and risk tolerance.
How does NIM manage risk?
NIM employs a comprehensive risk management approach by diversifying its portfolio across different issuers, sectors, and bond characteristics. The fund's management team actively monitors market conditions and credit risks associated with the municipal bonds to mitigate exposure and manage volatility.
How does NIM seek to achieve income?
Nuveen Select Maturities Municipal Fund seeks to achieve income through actively managing a diversified portfolio of municipal securities. The fund's management team applies rigorous credit analysis and market research to select bonds that have the potential to offer attractive yields while maintaining a desired level of credit quality.
How often does NIM distribute dividends?
Nuveen Select Maturities Municipal Fund typically distributes dividends on a monthly basis. These distributions represent the income generated from the underlying municipal bonds held in the fund's portfolio and are paid to shareholders, offering a regular income stream to investors.
Is NIM subject to credit risk?
Yes, Nuveen Select Maturities Municipal Fund is subject to credit risk, which is the risk that the issuers of municipal bonds may default on their obligations to pay interest or principal. The fund's management conducts thorough credit analysis to identify and minimize exposure to lower-rated or high-risk bonds.
What are the tax benefits of investing in NIM?
Investing in Nuveen Select Maturities Municipal Fund can provide significant tax advantages for investors, as the income generated from municipal bonds is generally exempt from federal income tax. In some instances, it may also be exempt from state and local taxes, depending on the investor's residency and the bonds held within the fund's portfolio.
What benchmarks does NIM track?
Nuveen Select Maturities Municipal Fund typically measures its performance against a relevant benchmark index, such as the Bloomberg Barclays Municipal Bond Index. This comparison helps investors assess the fund's performance relative to the broader market of municipal securities.
What does Nuveen Select Maturities Municipal Fund (NIM) do?
Nuveen Select Maturities Municipal Fund (NIM) is a closed-end management investment company that primarily seeks to provide investors with current income exempt from federal income tax. The fund primarily invests in a portfolio of intermediate-term municipal bonds, which are issued by government entities and municipalities. Its goal is to achieve a balance between capital preservation and income generation.
What factors influence NIM's performance?
The performance of Nuveen Select Maturities Municipal Fund can be influenced by various factors including interest rate movements, credit quality of the underlying municipal securities, economic conditions, and changes in municipal bond supply and demand. These factors can impact both the price of bonds in the fund’s portfolio and the yield available to investors.
What is the expense ratio of NIM?
The expense ratio of Nuveen Select Maturities Municipal Fund represents the fund's total operating expenses as a percentage of its average net assets. This fee covers management, administrative, and other costs associated with managing the fund, and it's an important factor for investors to consider when assessing the fund’s overall performance.
What is the investment objective of NIM?
The primary investment objective of Nuveen Select Maturities Municipal Fund is to provide current income exempt from federal income tax. The fund's strategy is to invest in a diversified list of intermediate-term municipal securities, balancing income generation with a focus on capital preservation over the long term.
What is the NAV of NIM?
The Net Asset Value (NAV) of Nuveen Select Maturities Municipal Fund reflects the total value of the fund's assets minus its liabilities, divided by the number of outstanding shares. The NAV is subject to daily fluctuations based on the market values of the municipal bonds held within the portfolio, and it is typically reported on a daily basis.
What is the typical duration of bonds in NIM's portfolio?
The typical duration of bonds in Nuveen Select Maturities Municipal Fund's portfolio is focused on intermediate-term securities. This usually refers to bonds with maturities ranging from 4 to 10 years, which the fund considers optimal for balancing yield and interest rate risk.
What makes NIM unique compared to other municipal bond funds?
What sets Nuveen Select Maturities Municipal Fund apart from other municipal bond funds is its specific focus on intermediate-term municipal securities, along with professional management that utilizes in-depth market analysis and credit research. This strategy aims to provide targeted exposure to municipal bonds, resulting in potentially enhanced income while maintaining manageable risk levels.
What types of securities does NIM invest in?
NIM primarily invests in municipal bonds, focusing on those with intermediate maturities. These are bonds issued by state and local governments as well as governmental agencies, and they can include general obligation bonds, revenue bonds, and other tax-exempt securities that serve to fund various public projects.
When was NIM established?
Nuveen Select Maturities Municipal Fund was established in December 2002. Since its inception, NIM has aimed to deliver opportunities for income through investments in a diversified portfolio of municipal bonds, offering its investors a way to benefit from tax-free income.
Where can I find more information about NIM?
More information about Nuveen Select Maturities Municipal Fund, including its fund performance, financial reports, and investment strategy, can be found on the official Nuveen website or through financial news websites that provide coverage on closed-end funds and municipal bond investing.
Who are the typical investors in NIM?
Typical investors in Nuveen Select Maturities Municipal Fund are individuals seeking tax-exempt income, financial advisors, and institutional investors looking for ways to enhance income potential in a diversified portfolio. The fund's tax advantages make it especially appealing to those in higher tax brackets.
Who manages the Nuveen Select Maturities Municipal Fund?
The fund is managed by Nuveen Asset Management, a leading investment manager that specializes in municipal bond investing. Their experienced team utilizes robust research and risk management processes to seek to enhance the fund's performance while considering the tax advantages that municipal bonds offer.
What is the current price of Nuveen Select Maturities Municipal Fd?
The current price of Nuveen Select Maturities Municipal Fd is 9.200
When was Nuveen Select Maturities Municipal Fd last traded?
The last trade of Nuveen Select Maturities Municipal Fd was at 7:00 pm EDT on April 3rd, 2025