Nuveen Limited Term Municipal Bond Fund
Data updated: 2026-08-27
C000001511 — Nuveen Limited Term Municipal Bond Fund. Intermediate Municipal - National Bond · $3.98B AUM. Holdings, fees, performance and SEC filings.
C000001511 Fund Overview
Nuveen Limited Term Municipal Bond Fund is a US mutual fund managed by Nuveen Municipal Trust/ma, categorised as Intermediate Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Nuveen Municipal Trust/ma
- Category: Intermediate Municipal - National Bond
- Assets under management: $3.98B
- 1-year return: 4.2%
- SEC CIK: 0001020660
- SEC series ID: S000000288
- Share class ID: C000001511
C000001511 Investment Objective and Strategy
Nuveen Limited Term Municipal Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Nuveen Municipal Trust/ma.
Investment objective
The investment objective of the Fund is to provide you with as high a level of current interest income exempt from regular federal income taxes as is consistent with preservation of capital.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal personal income tax. These municipal bonds include obligations issued by U.S. states and their subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories (such as Puerto Rico, the U.S. Virgin Islands and Guam) that pay interest that is exempt from regular federal personal income tax. The Fund may invest without limit in securities that generate income subject to the alternative minimum tax. The Fund generally invests in bonds with short-to intermediate-term maturities. The Fund will attempt to maintain the weighted average maturity of its portfolio securities at three to seven years under normal market conditions.
Under normal market conditions, the Fund invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher at the time of purchase by at least one independent rating agency, or, if unrated, judged by the Funds sub-adviser to be of comparable quality. The Fund may invest up to 20% of its net assets in below investment grade municipal bonds, commonly referred to as high yield or junk bonds. The Fund may invest in all types of municipal bonds, including general obligation bonds, revenue bonds and participation interests in municipal leases. The Fund may invest in zero coupon bonds, which are issued at substantial discounts from their value at maturity and pay no cash income to their holders until they mature. The Fund may invest up to 15% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates (inverse floaters).
Inverse floaters are derivative securities that provide leveraged exposure to underlying municipal bonds. The Funds investments in inverse floaters are designed to increase the Funds income and returns through this leveraged exposure. These investments are speculative, however, and also create the possibility that income and returns will be diminished. The Fund may utilize the following derivatives: futures contracts; options on futures contracts; swap agreements, including interest rate swaps, and options on swap agreements. The Fund may use these derivatives in an attempt to manage market risk, credit risk and yield curve risk, and to manage the effective maturity or duration of securities in the Funds portfolio. The Funds sub-adviser uses a value-oriented strategy and looks for higher-yielding and undervalued municipal bonds that offer above-average total return.
The sub-adviser may choose to sell municipal bonds with deteriorating credit or limited upside potential compared to other available bonds.
C000001511 Holdings
Top 10 holdings of Nuveen Limited Term Municipal Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| New York City, New York, General Obligation Bonds, Fiscal 2020 Series C-1 | 0.71% |
| Carroll County, Kentucky, Pollution Control Revenue Bonds, Kentucky Utilities Company Project, Refunding Series 2016A | 0.65% |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1 | 0.59% |
| Indiana Finance Authority, Environmental Improvement Revenue Bonds, Southern Indiana Gas & Electric Company, Refunding Series 2013A | 0.53% |
| Sweetwater County, Wyoming, Pollution Control Revenue Refunding Bonds, Idaho Power Company Project, Series 2006 | 0.52% |
| Alaska Housing Finance Corporation, Mortgage Revenue Bonds, General Series 2020B-II | 0.50% |
| California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A | 0.49% |
| Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-2 | 0.47% |
| Trimble County, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2016A | 0.45% |
| Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 2019A | 0.44% |
C000001511 Portfolio Allocation
Asset-class allocation of Nuveen Limited Term Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.7% |
C000001511 Performance
Total returns for C000001511 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.2% |
C000001511 Risk Information
Risk metrics for C000001511, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.0%
C000001511 Costs and Fees
C000001511 costs about $97 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.97%
- Gross expense ratio: 0.97%
- Portfolio turnover: 30%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000001511 Cashflows
Over the 12 months to 2026-06, Nuveen Limited Term Municipal Bond Fund had net outflows of $696.78M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$146.93M |
| 2026-05 | −$524.48M |
| 2026-04 | $28.19M |
| 2026-03 | −$99.74M |
| 2026-02 | $36.40M |
| 2026-01 | $26.04M |
C000001511 Debt Constituents
Largest debt holdings of Nuveen Limited Term Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| New York City, New York, General Obligation Bonds, Fiscal 2020 Series C-1 | 0.71% |
| Carroll County, Kentucky, Pollution Control Revenue Bonds, Kentucky Utilities Company Project, Refunding Series 2016A | 0.65% |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1 | 0.59% |
| Indiana Finance Authority, Environmental Improvement Revenue Bonds, Southern Indiana Gas & Electric Company, Refunding Series 2013A | 0.53% |
| Sweetwater County, Wyoming, Pollution Control Revenue Refunding Bonds, Idaho Power Company Project, Series 2006 | 0.52% |
| Alaska Housing Finance Corporation, Mortgage Revenue Bonds, General Series 2020B-II | 0.50% |
| California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A | 0.49% |
| Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-2 | 0.47% |
| Trimble County, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2016A | 0.45% |
| Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 2019A | 0.44% |
C000001511 Prospectus and SEC Filings
Official Nuveen Limited Term Municipal Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-29
- Prospectus (485BPOS) — filed 2025-07-29
- Prospectus (485BPOS) — filed 2024-07-29
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-06-12
- Annual census (N-CEN) — filed 2025-06-13
Related Funds
Other Intermediate Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.