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Morningstar

Nuveen MA Municipal Bond A NMAAX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 9.23  /  +0.12 %
  • Total Assets 582.6 Mil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.780%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 2.87%
  • Effective Duration 7.39 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0

Morningstar’s Analysis NMAAX

Will NMAAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NMAAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NMAAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NMAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Nuveen MA Municipal Bond A's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
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Portfolio Holdings NMAAX

More NMAAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST DEV FIN AGY REV 5.25%

2.87 16.5 Mil
municipal

MASSACHUSETTS ST 5%

2.79 16.1 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

2.07 11.9 Mil
municipal

MASSACHUSETTS ST 5%

2.02 11.6 Mil
municipal

UNIVERSITY MASS BLDG AUTH PROJ REV 5%

1.96 11.3 Mil
municipal

MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 5.25%

1.94 11.2 Mil
municipal

MASSACHUSETTS ST 5%

1.87 10.8 Mil
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

1.85 10.7 Mil
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5.25%

1.77 10.2 Mil
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

1.47 8.5 Mil
municipal