Morningstar

Nuveen Arizona Municipal Bond Fund Class A FAZTX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 10.13  /  −0.20 %
  • Total Assets 185.1M
  • Adj. Expense Ratio
    0.810%
  • Expense Ratio 0.810%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.12%
  • Effective Duration 7.84 years

USD | NAV as of Jul 17, 2026 | 1-Day Return as of Jul 17, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FAZTX

Will FAZTX outperform in the 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 FAZTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Nuveen AZ Municipal Bond A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FAZTX

More FAZTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

YUMA ARIZ INDL DEV AUTH HOSP REV 5.25%

3.24 6M
municipal

QUEEN CREEK ARIZ EXCISE TAX & ST SHARED REV 4%

2.57 5M
municipal

SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV 5.25%

2.39 4M
municipal

ARIZONA INDL DEV AUTH LEASE REV 5%

1.63 3M
municipal

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

1.46 3M
municipal

MARICOPA CNTY ARIZ INDL DEV AUTH EDL FACS REV 5%

1.42 3M
municipal

PHOENIX ARIZ CIVIC IMPT CORP WTR SYS REV 5%

1.30 2M
municipal

YAVAPAI CNTY ARIZ INDL DEV AUTH HOSP FAC REV 4%

1.30 2M
municipal

YAVAPAI CNTY ARIZ JAIL DIST REV 4%

1.28 2M
municipal

Us Dollars

1.27 2M
Cash and Equivalents

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