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Morningstar

Nuveen VA Municipal Bond I NMVAX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 10.19  /  +0.01 %
  • Total Assets 511.7 Mil
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.580%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.35%
  • Effective Duration 7.55 years

USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 10:18 PM GMT+0

Morningstar’s Analysis NMVAX

Will NMVAX 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 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.

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

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

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings NMVAX

More NMVAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

HAMPTON RDS VA TRANSN ACCOUNTABILITY COMMN REV 5.5%

2.11 10.7 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

2.10 10.7 Mil
municipal

UNIVERSITY VA UNIV REVS 5%

1.94 9.9 Mil
municipal

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

1.59 8.1 Mil
municipal

VIRGINIA SMALL BUSINESS FING AUTH PRIVATE ACTIVITY REV 5%

1.55 7.9 Mil
municipal

TOBACCO SETTLEMENT FING CORP VA 5%

1.43 7.3 Mil
municipal

VIRGINIA SMALL BUSINESS FING AUTH HEALTHCARE FACS REV 4%

1.34 6.8 Mil
municipal

VIRGINIA COMWLTH UNIV HEALTH SYS AUTH REV 5%

1.31 6.7 Mil
municipal

FAIRFAX CNTY VA 5%

1.14 5.8 Mil
municipal

ROANOKE VA ECONOMIC DEV AUTH HOSP REV 4%

1.13 5.7 Mil
municipal