Mutual Fund Insights: Nuveen NC Municipal Bond A Fund (FLNCX)

In-depth Analysis of Nuveen NC Municipal Bond A Fund (FLNCX)

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See Nuveen NC Municipal Bond A Fund (FLNCX) performance details as of February 28, 2010

  

Last Trade: $10.49 on 3/19/2010, Change: +0.01 (0.1%)

  

Fund Manager - Daniel J. Close

Fund Manager Tenure: 3.1 years   [Similar Funds: FLMCX ]
Fundmojo Fund Grade: B (Score: 0.68)     (What does this score mean?)

Mr. Daniel J. Close is a co-portfolio manager of the Nuveen Preferred Securities Fund from Jan.8,2008. Daniel J. Close is an Assistant Vice President of NAM. Daniel J. Close joined Nuveen Investments in 2000 as a member of Nuveens product management and development team. Daniel J. Close then served as a research analyst for Nuveens municipal investing team, covering corporate-backed, energy, transportation and utility credits. Daniel J. Close holds the Chartered Financial Analyst designation.  Get more insights on Daniel J. Close

  

 What we like about Nuveen NC Municipal Bond A Fund (FLNCX)

Data for Nuveen NC Municipal Bond A Fund (FLNCX) as of February 28, 2010

• Nuveen NC Municipal Bond A Fund (FLNCX) management has been with Nuveen NC Municipal Bond A Fund for 3.1 years
• Nuveen NC Municipal Bond A Fund (FLNCX) has good mid-term performance (3-year return 3.59% vs 2.40 % Muni Single State Long category average)
• Nuveen NC Municipal Bond A Fund (FLNCX) has good Long-term performance (5-year return 3.83% vs 3.41 % Muni Single State Long category average)
• Nuveen NC Municipal Bond A Fund (FLNCX) ratio of up-years vs down years is greater than 2
• Nuveen NC Municipal Bond A Fund (FLNCX) has a Morningstar rating of 4 and above
• Nuveen NC Municipal Bond A Fund (FLNCX) has an annual stock turnover rate of 17.00% vs Muni Single State Long average of 19.68%. It is good that Nuveen NC Municipal Bond A management does not trade extensively for its return.
• Nuveen NC Municipal Bond A Fund (FLNCX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.73, lower than category average of 7.98
• Nuveen NC Municipal Bond A Fund (FLNCX) has a lower management fee than its Muni Single State Long average: 0.87% vs 1.03%

  

 What we are cautious about Nuveen NC Municipal Bond A Fund (FLNCX)

Data for Nuveen NC Municipal Bond A Fund (FLNCX) as of February 28, 2010

• Nuveen NC Municipal Bond A Fund (FLNCX) has a less-than-ideal short-term performance (1-year return 11.04% vs 13.50 % Muni Single State Long category average)
• Nuveen NC Municipal Bond A Fund (FLNCX) carries a 4.2% load

See Nuveen NC Municipal Bond A Fund (FLNCX) performance details as of February 28, 2010

  

  

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Nuveen NC Municipal Bond A Fund (FLNCX) Net Asset

Track net asset change of Nuveen NC Municipal Bond A fund (FLNCX)

Date	Net Asset
02/2010	$429.75M
01/2010	$172.66M
11/2009	$166.57M

More historic net asset information on Nuveen NC Municipal Bond A Fund (FLNCX)

  

Nuveen NC Municipal Bond A Fund (FLNCX) Portfolio Allocation

Track portfolio allocation change of Nuveen NC Municipal Bond A fund (FLNCX)

Date	Cash	Stock	Bond	Other
01/2010	0%	0%	100%	0%
10/2009	0%	0%	100%	0%
09/2009	1.69%	0%	98.31%	0%

Click here to see more historic asset allocation information on Nuveen NC Municipal Bond A Fund (FLNCX)

  

Most Recent Top 10 Holdings in Nuveen NC Municipal Bond A Fund (FLNCX)

Discover what Nuveen NC Municipal Bond A Fund (FLNCX) manager is buying

31-Jan-10 North Carolina Tpk Auth 5.75% [2.2%] Brunswick Cnty N C Entpr Rev Bds 5% [1.96%] Charlotte-Mecklenberg Hosp Aut Ref Re 5% [1.81%] North Carolina Med Care Commn Mtg Rev 5% [1.69%] Wake Cnty N C Ltd Obl Ltd Go Bd 5% [1.53%] Charlotte N C Arpt Rev Airport R 5.5% [1.53%] Charlotte N C Arpt Rev Airport R 5.375% [1.49%] North Carolina Eastn Mun Pwr A Pwr Sy 6% [1.45%] Harnett Cnty N C Entpr Sy Enterpris 5% [1.42%] North Carolina Eastn Mun Pwr A Rev Re 5% [1.39%]

31-Oct-09 North Carolina Tpk Auth 5.75% [2.29%] North Carolina Mun Pwr Agy No Rev B 6.5% [2.26%] Brunswick Cnty N C Entpr Rev Bds 5% [2.06%] Charlotte-Mecklenberg Hosp Aut Ref Re 5% [1.83%] North Carolina Med Care Commn Mtg Rev 5% [1.75%] Charlotte N C Arpt Rev Airport R 6% [1.53%] North Carolina Eastn Mun Pwr A Pwr Sy 6% [1.5%] Harnett Cnty N C Entpr Sy Enterpris 5% [1.49%] North Carolina Eastn Mun Pwr A Rev Re 5% [1.44%] North Carolina Med Care Commn Mtg Rev 5% [1.44%]

30-Sep-09 North Carolina Tpk Auth 5.75% [2.25%] NORTH CAROLINA MUN PWR AGY NO REV BDS [2.17%] Brunswick Cnty N C Entpr Rev Bds 5% [2.04%] Charlotte-Mecklenberg Hosp Aut Ref Re 5% [1.88%] North Carolina Med Care Commn Mtg Rev 5% [1.74%] North Carolina Eastn Mun Pwr A Pwr Sy 6% [1.49%] Harnett Cnty N C Entpr Sy Enterpris 5% [1.48%] Charlotte N C Arpt Rev Airport R 6% [1.46%] NORTH CAROLINA EASTN MUN PWR A REV REF B [1.42%] North Carolina Med Care Commn Mtg Rev 5% [1.4%]

Click here for Stock Holding Change Map in Nuveen NC Municipal Bond A Fund (FLNCX)

  

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See more information on Nuveen NC Municipal Bond A Fund (FLNCX)

• Nuveen NC Municipal Bond A Fund Insights
• Nuveen NC Municipal Bond A Fund Performance Data
• Nuveen NC Municipal Bond A Fund News
• Nuveen NC Municipal Bond A Fund Score Explaination
• Nuveen NC Municipal Bond A Fund Manager Information
• Historic Nuveen NC Municipal Bond A Fund Asset Allocation Report
• Historic Nuveen NC Municipal Bond A Fund Top 10 Holding Tracking
• Historic Nuveen NC Municipal Bond A Fund Asset Under Management Tracking