Nuveen Oregon Intermediate Municipal Bond Fund
Data updated: 2026-09-28
C000096217 — Nuveen Oregon Intermediate Municipal Bond Fund. Long Municipal - National Bond · $237.36M AUM. Holdings, fees, performance and SEC filings.
C000096217 Fund Overview
Nuveen Oregon Intermediate Municipal Bond Fund is a US mutual fund managed by Nuveen Investment Funds INC, categorised as Long 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 Investment Funds INC
- Category: Long Municipal - National Bond
- Assets under management: $237.36M
- 1-year return: 2.1%
- SEC CIK: 0000820892
- SEC series ID: S000005562
- Share class ID: C000096217
C000096217 Investment Objective and Strategy
Nuveen Oregon Intermediate Municipal Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Nuveen Investment Funds INC.
Investment objective
The investment objective of the Fund is to provide maximum current income that is exempt from both federal income tax and Oregon state income tax to the extent consistent with prudent investment risk.
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 and Oregon personal income tax. These municipal bonds include obligations issued by the State of Oregon and its 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 and Oregon personal income tax. The Fund may invest without limit in securities that generate income subject to the alternative minimum tax. The Fund normally may invest up to 20% of its net assets in taxable obligations. The Fund will attempt to maintain the weighted average maturity of its portfolio securities at three to ten 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 and options on futures contracts. 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 Fund may not use such instruments to gain exposure to a security or type of security that it would be prohibited by its investment restrictions from purchasing directly.
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.
C000096217 Holdings
Top 10 holdings of Nuveen Oregon Intermediate Municipal Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Subordinate Lien Series 2020A | 2.33% |
| Oregon Housing and Community Services Department, Single Family Mortgage Program Revenue Bonds, Series 2025D | 2.11% |
| Oregon Health and Science University, Revenue Bonds, Green Series 2021B-1 | 1.84% |
| Washington County, Oregon, General Obligation Bonds, Full Faith & Credit Obligation Series 2025 | 1.80% |
| Oregon Facilities Authority, Revenue Bonds, Peacehealth System, Refunding Series 2014A | 1.68% |
| Lane County School District 4J Eugene, Oregon, General Obligation Bonds, School Bond Guaranty Series 2019 | 1.67% |
| Port of Portland, Oregon, International Airport Revenue Bonds, Green Series 2023-29 | 1.67% |
| Oregon Facilities Authority, Revenue Bonds, Peacehealth System, Refunding Series 2018B | 1.51% |
| Oregon Department of Administrative Services, State Lottery Revenue Bonds, Series 2026A | 1.40% |
| Port of Portland, Oregon, International Airport Revenue Bonds, Series 2022-28 | 1.40% |
C000096217 Portfolio Allocation
Asset-class allocation of Nuveen Oregon Intermediate Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.9% |
C000096217 Performance
Total returns for C000096217 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 2.1% |
C000096217 Risk Information
Risk metrics for C000096217, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.7%
C000096217 Costs and Fees
C000096217 costs about $136 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.36%
- Gross expense ratio: 1.36%
- Portfolio turnover: 10%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000096217 Cashflows
Over the 12 months to 2026-05, Nuveen Oregon Intermediate Municipal Bond Fund had net inflows of $49.00M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $5.23M |
| 2026-04 | $4.63M |
| 2026-03 | $4.08M |
| 2026-02 | $3.40M |
| 2026-01 | $10.19M |
| 2025-12 | $3.13M |
C000096217 Debt Constituents
Largest debt holdings of Nuveen Oregon Intermediate Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Subordinate Lien Series 2020A | 2.33% |
| Oregon Housing and Community Services Department, Single Family Mortgage Program Revenue Bonds, Series 2025D | 2.11% |
| Oregon Health and Science University, Revenue Bonds, Green Series 2021B-1 | 1.84% |
| Washington County, Oregon, General Obligation Bonds, Full Faith & Credit Obligation Series 2025 | 1.80% |
| Oregon Facilities Authority, Revenue Bonds, Peacehealth System, Refunding Series 2014A | 1.68% |
| Lane County School District 4J Eugene, Oregon, General Obligation Bonds, School Bond Guaranty Series 2019 | 1.67% |
| Port of Portland, Oregon, International Airport Revenue Bonds, Green Series 2023-29 | 1.67% |
| Oregon Facilities Authority, Revenue Bonds, Peacehealth System, Refunding Series 2018B | 1.51% |
| Oregon Department of Administrative Services, State Lottery Revenue Bonds, Series 2026A | 1.40% |
| Port of Portland, Oregon, International Airport Revenue Bonds, Series 2022-28 | 1.40% |
C000096217 Prospectus and SEC Filings
Official Nuveen Oregon Intermediate Municipal Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-09-28
- Prospectus (485BPOS) — filed 2025-09-26
- Prospectus supplement (497) — filed 2025-05-01
- Portfolio holdings (N-PORT) — filed 2026-07-24
- Portfolio holdings (N-PORT) — filed 2026-04-27
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2026-08-13
- Annual census (N-CEN) — filed 2025-08-13
Related Funds
Other Long 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.