Nuveen Select Maturities Municipal Fund (NIM)

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Nuveen Select Maturities Municipal Fund (NIM) is up 1.4% since the beginning of the year. NIM is currently trading at $9 per share. Investors who bought $1,000 worth of NIM shares 5 years ago would now be looking at an investment worth $1,007.

Nuveen Select Maturities Municipal Fund (NIM) has returned 1.41% so far this year and 7.21% over the past 12 months. Over the last ten years, NIM has returned 1.79% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Oct 27, 1994, NIM's average daily return is +0.02%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.

Historically, 56% of months were positive and 44% were negative. The best month was Jan 2001 with a return of +9.2%, while the worst month was Sep 2008 at -9.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.

On a daily basis, NIM closed higher 45% of trading days. The best single day was Oct 20, 2008 with a return of +12.6%, while the worst single day was Mar 23, 2020 at -8.4%.

Nuveen Select Maturities Municipal Fund has an annualized alpha of 2.77%, beta of 0.11, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since October 27, 1994.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (12.99%) than losses (6.85%) - typical of diversified or defensive assets.
• Beta of 0.11 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

NIM has an expense ratio of 0.03%, which is considered low.

NIM ranks 11 for risk / return — in the bottom 11% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Nuveen Select Maturities Municipal Fund provided a 3.72% dividend yield over the last twelve months, with an annual payout of $0.35 per share.

The table displays the monthly dividend distributions for Nuveen Select Maturities Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Nuveen Select Maturities Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Nuveen Select Maturities Municipal Fund was 23.09%, occurring on Dec 17, 1999. Recovery took 416 trading sessions.

The current Nuveen Select Maturities Municipal Fund drawdown is 5.15%.

The chart below shows the rolling one-month volatility.