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Morningstar

Nuveen AZ Municipal Bond I NMARX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 10.07  /  +0.01 %
  • Total Assets 157.8 Mil
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.620%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 2.99%
  • Effective Duration 6.75 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 PM GMT+0

Morningstar’s Analysis NMARX

Will NMARX 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 NMARX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NMARX 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 NMARX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Nuveen AZ Municipal Bond I boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

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Portfolio Holdings NMARX

More NMARX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

QUEEN CREEK ARIZ EXCISE TAX & ST SHARED REV 4%

3.01 4.7 Mil
municipal

PHOENIX ARIZ INDL DEV AUTH HEALTH CARE FACS REV 3.65%

2.03 3.2 Mil
municipal

ARIZONA INDL DEV AUTH LEASE REV 5%

1.90 3.0 Mil
municipal

MARICOPA CNTY ARIZ INDL DEV AUTH EDL FACS REV 4%

1.82 2.8 Mil
municipal

SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV 5%

1.74 2.7 Mil
municipal

PHOENIX ARIZ CIVIC IMPT CORP WTR SYS REV 5%

1.52 2.4 Mil
municipal

YAVAPAI CNTY ARIZ JAIL DIST REV 4%

1.45 2.3 Mil
municipal

MARICOPA CNTY ARIZ UN HIGH SCH DIST NO 210 PHOENIX 5%

1.35 2.1 Mil
municipal

MARICOPA CNTY ARIZ INDL DEV AUTH REV 5%

1.34 2.1 Mil
municipal

PHOENIX ARIZ CIVIC IMPT CORP ARPT REV 5%

1.30 2.0 Mil
municipal