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Morningstar

Nuveen AZ Municipal Bond A FAZTX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 10.06  /  +0.11 %
  • Total Assets 157.8 Mil
  • Adj. Expense Ratio
    0.820%
  • Expense Ratio 0.820%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 2.80%
  • Effective Duration 6.84 years

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:10 PM GMT+0

Morningstar’s Analysis FAZTX

Will FAZTX 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 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.

Nuveen AZ Municipal Bond A 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 strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FAZTX

More FAZTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.5
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