Mutual Fund Insights: Nuveen NM Municipal Bond I Fund (FNMRX)

In-depth Analysis of Nuveen NM Municipal Bond I Fund (FNMRX)

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See Nuveen NM Municipal Bond I Fund (FNMRX) performance details as of January 31, 2010

  

Last Trade: $10.37 on 3/12/2010, Change: 0.00 (0%)

  

Fund Manager - Scott R. Romans

Fund Manager Tenure: 6.4 years   [Similar Funds: FNMBX  FNMCX  FNMTX ]
Fundmojo Fund Grade: B (Score: 0.69)     (What does this score mean?)

Mr. Romans has been the portfolio manager of several Nuveen funds since 2003. Currently he manages 29 Nuveen-sponsored investment companies. He has been Vice President of NAM since 2004, Portfolio Manager since 2003, and was, formerly, Assistant Vice President (2003-2004) and Senior Analyst (2000-2003).  Get more insights on Scott R. Romans

  

 What we like about Nuveen NM Municipal Bond I Fund (FNMRX)

Data for Nuveen NM Municipal Bond I Fund (FNMRX) as of January 31, 2010

• Nuveen NM Municipal Bond I Fund (FNMRX) management has been with Nuveen NM Municipal Bond I Fund for 6.4 years
• Nuveen NM Municipal Bond I Fund (FNMRX) has good mid-term performance (3-year return 3.73% vs 2.51% Muni Single State Long category average)
• Nuveen NM Municipal Bond I Fund (FNMRX) has good Long-term performance (5-year return 3.66% vs 3.16% Muni Single State Long category average)
• Nuveen NM Municipal Bond I Fund (FNMRX) ratio of up-years vs down years is greater than 2
• Nuveen NM Municipal Bond I Fund (FNMRX) has a Morningstar rating of 4 and above
• Nuveen NM Municipal Bond I Fund (FNMRX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.79, lower than category average of 7.99
• Nuveen NM Municipal Bond I Fund (FNMRX) has a lower management fee than its Muni Single State Long average: 0.70% vs 1.03%
• Nuveen NM Municipal Bond I Fund (FNMRX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Nuveen NM Municipal Bond I Fund (FNMRX)

Data for Nuveen NM Municipal Bond I Fund (FNMRX) as of January 31, 2010

• Nuveen NM Municipal Bond I Fund is a focused fund with 40.25% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Nuveen NM Municipal Bond I Fund (FNMRX) has a less-than-ideal short-term performance (1-year return 10.37% vs 13.75% Muni Single State Long category average)

See Nuveen NM Municipal Bond I Fund (FNMRX) performance details as of January 31, 2010

  

  

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Nuveen NM Municipal Bond I Fund (FNMRX) Net Asset

Track net asset change of Nuveen NM Municipal Bond I fund (FNMRX)

Date	Net Asset
01/2010	$4.08M
11/2009	$3.71M
10/2009	$3.03M

More historic net asset information on Nuveen NM Municipal Bond I Fund (FNMRX)

  

Nuveen NM Municipal Bond I Fund (FNMRX) Portfolio Allocation

Track portfolio allocation change of Nuveen NM Municipal Bond I fund (FNMRX)

Date	Cash	Stock	Bond	Other
09/2009	2.94%	0%	97.06%	0%
08/2009	0%	0%	100%	0%
07/2009	0%	0%	100%	0%

Click here to see more historic asset allocation information on Nuveen NM Municipal Bond I Fund (FNMRX)

  

Most Recent Top 10 Holdings in Nuveen NM Municipal Bond I Fund (FNMRX)

Discover what Nuveen NM Municipal Bond I Fund (FNMRX) manager is buying

30-Sep-09 Santa Fe Cnty N Mex Correction Rev Bd 6% [6.94%] New Mexico Fin Auth 5% [6.08%] Albuquerque N Mex Gross Rcpts Rev Bds [5.37%] Univ N Mex Univ Revs Sys Rev R 6% [4.32%] New Mexico St Hosp Equip Ln Co Re 6.375% [3.25%] Albuquerque Bernalillo Cnty Wt Jt Wtr 5% [3.17%] NEW MEXICO ST HOSP EQUIP LN CO HOSPITAL [3.17%] Albuquerque Bernalillo Cnty Wt Jt Wtr 5% [3.12%] Univ N Mex Univ Revs Rev Ref & 5% [3.11%] Sandoval Cnty N Mex Go Bds 5% [3.08%]

31-Aug-09 Santa Fe Cnty N Mex Correction Rev Bd 6% [7.29%] New Mexico Fin Auth 5% [6.41%] Albuquerque N Mex Gross Rcpts Rev Bds [5.8%] Univ N Mex Univ Revs Sys Rev R 6% [4.65%] NEW MEXICO ST HOSP EQUIP LN CO HOSPITAL [3.46%] New Mexico St Hosp Equip Ln Co Re 6.375% [3.41%] Albuquerque Bernalillo Cnty Wt Jt Wtr 5% [3.35%] Univ N Mex Univ Revs Rev Ref & 5% [3.32%] Sandoval Cnty N Mex Go Bds 5% [3.28%] Albuquerque Bernalillo Cnty Wt Jt Wtr 5% [3.26%]

31-Jul-09 Santa Fe Cnty N Mex Correction Rev Bd 6% [7.27%] New Mexico Fin Auth 5% [6.39%] Albuquerque N Mex Gross Rcpts Rev Bds [5.86%] Univ N Mex Univ Revs Sys Rev R 6% [4.7%] NEW MEXICO ST HOSP EQUIP LN CO HOSPITAL [3.52%] New Mexico St Hosp Equip Ln Co Re 6.375% [3.42%] Albuquerque Bernalillo Cnty Wt Jt Wtr 5% [3.36%] Univ N Mex Univ Revs Rev Ref & 5% [3.36%] Sandoval Cnty N Mex Go Bds 5% [3.31%] Albuquerque Bernalillo Cnty Wt Jt Wtr 5% [3.24%]

Click here for Stock Holding Change Map in Nuveen NM Municipal Bond I Fund (FNMRX)

  

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Latest News on Nuveen NM Municipal Bond I (FNMRX)

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See more information on Nuveen NM Municipal Bond I Fund (FNMRX)

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