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Morningstar

Nuveen CO Municipal Bond C FAFKX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 10.02  /  +0.11 %
  • Total Assets 472.2 Mil
  • Adj. Expense Ratio
    1.580%
  • Expense Ratio 1.580%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 2.41%
  • Effective Duration 8.06 years

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

Morningstar’s Analysis FAFKX

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

  • People Pillar

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

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FAFKX

More FAFKX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BRIGHTON COLO WTR ACTIVITY ENTERPRISE REV 5%

2.99 14.2 Mil
municipal

DENVER COLO CITY & CNTY BRD WTR COMMRS WTR REV 5%

2.75 13.0 Mil
municipal

GRAND JUNCTION COLO GEN FD REV 4.13%

2.12 10.1 Mil
municipal

WELD CNTY COLO SCH DIST NO RE-4 5.25%

2.00 9.5 Mil
municipal

PARKER COLO WTR & SANTN DIST WTR & SWR ENTERPRISE REV 4%

1.84 8.7 Mil
municipal

DENVER COLO CITY & CNTY ARPT REV 5%

1.81 8.6 Mil
municipal

DENVER COLO CITY & CNTY ARPT REV 4%

1.63 7.7 Mil
municipal

COLORADO HEALTH FACS AUTH REV 5%

1.50 7.1 Mil
municipal

COMMERCE CITY COLO SALES & USE TAX REV 5%

1.32 6.3 Mil
municipal

EBERT MET DIST COLO 5%

1.22 5.8 Mil
municipal