Nuveen Short Term Municipal Bond Fund Class C (NAAEX)
| Fund Assets | 440.34M |
| Expense Ratio | 1.46% |
| Min. Investment | $3,000 |
| Turnover | 29.00% |
| Dividend (ttm) | 0.21 |
| Dividend Yield | 2.08% |
| Dividend Growth | 4.88% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 9.86 |
| YTD Return | 0.57% |
| 1-Year Return | 2.53% |
| 5-Year Return | 2.21% |
| 52-Week Low | 9.54 |
| 52-Week High | 9.86 |
| Beta (5Y) | n/a |
| Holdings | 344 |
| Inception Date | Feb 10, 2014 |
About NAAEX
Nuveen Short Term Municipal Bond Fund Class C is an actively managed municipal bond mutual fund focused on generating current income that is exempt from regular federal income taxes while emphasizing capital preservation. The portfolio primarily holds investment‑grade, short‑term municipal securities, targeting an average weighted maturity of three years or less to help manage interest‑rate sensitivity and dampen volatility relative to longer‑duration muni strategies. The fund typically invests at least 80% of assets in municipal bonds whose interest is federally tax‑exempt, aligning with its tax‑advantaged income objective. Its mandate positions it within the short‑duration segment of the municipal market, providing exposure to financing for essential public projects such as state and local infrastructure, utilities, transportation, and education. This time‑horizon focus seeks to balance income generation with lower duration risk, making it a tool for investors seeking tax‑efficient cash‑flow from high‑quality U.S. municipal issuers in a conservative maturity range. Class C shares may carry a contingent deferred sales charge on short‑term redemptions, reflecting their distribution structure.
Performance
NAAEX had a total return of 2.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.25%.
Top 10 Holdings
14.27% of assets| Name | Symbol | Weight |
|---|---|---|
| COLORADO HEALTH FACS AUTH REV 5% | CO.COSMED 05.15.2062 | 2.35% |
| MARICOPA CNTY ARIZ INDL DEV AUTH REV 5% | AZ.MARDEV 01.01.2046 | 1.77% |
| METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5% | DC.METAPT 5 10.01.2026 | 1.42% |
| HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV 5% | TX.HAREDU 07.01.2049 | 1.35% |
| FLORIDA ST MUN PWR AGY REV 5% | FL.FLSPWR 5 10.01.2029 | 1.29% |
| WASHINGTON ST HEALTH CARE FACS AUTH REV 5% | WA.WASMED 08.01.2049 | 1.28% |
| WASHINGTON ST 5% | WA.WAS 5 07.01.2028 | 1.25% |
| ALASKA ST HSG FIN CORP 5% | AK.AKSHSG 5 12.01.2027 | 1.21% |
| MASSACHUSETTS ST PORT AUTH REV 5% | MA.MASTRN 5 07.01.2026 | 1.18% |
| UNIVERSITY TEX UNIV REVS 5% | TX.UNIHGR 5 08.15.2028 | 1.17% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.016 | Mar 2, 2026 |
| Jan 30, 2026 | $0.016 | Feb 2, 2026 |
| Dec 31, 2025 | $0.016 | Dec 31, 2025 |
| Nov 28, 2025 | $0.016 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0175 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0175 | Oct 1, 2025 |