Morningstar

Nuveen Virginia Municipal Bond Fund Class I NMVAX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 10.22  /  −0.10 %
  • Total Assets 572.0M
  • Adj. Expense Ratio
    0.510%
  • Expense Ratio 0.540%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.79%
  • Effective Duration 8.04 years

USD | NAV as of Jul 14, 2026 | 1-Day Return as of Jul 14, 2026, 12:11 AM GMT+0

Morningstar’s Analysis NMVAX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Nuveen VA Municipal Bond I holds a quantitatively derived Bronze Morningstar Medalist Rating. The rating reflects that it has scored better than the norm on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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Portfolio Holdings NMVAX

More NMVAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.90 11M
municipal

UNIVERSITY VA UNIV REVS 5%

1.87 11M
municipal

WASHINGTON D C MET AREA TRAN AUTH DEDICATED REV 5.25%

1.58 9M
municipal

METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 0%

1.55 9M
municipal

VIRGINIA SMALL BUSINESS FING AUTH HEALTHCARE FACS REV 4%

1.32 7M
municipal

NEWPORT NEWS VA INDL DEV AUTH HEALTH SYS REV 5%

1.32 7M
municipal

VIRGINIA COMWLTH UNIV HEALTH SYS AUTH REV 5%

1.16 7M
municipal

FAIRFAX CNTY VA INDL DEV AUTH HEALTH CARE REV 5%

1.11 6M
municipal

CHESAPEAKE BAY BRDG & TUNL DIST VA REV 5%

1.03 6M
municipal

VIRGINIA SMALL BUSINESS FING AUTH PRIVATE ACTIVITY REV 5%

1.03 6M
municipal

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