Mutual Fund Insights: Nuveen MI Municipal Bond I Fund (NMMIX)

In-depth Analysis of Nuveen MI Municipal Bond I Fund (NMMIX)

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

  

Last Trade: $11.17 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Daniel J. Close

Fund Manager Tenure: 3.1 years
Fundmojo Fund Grade: B (Score: 0.68)     (What does this score mean?)

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

  

 What we like about Nuveen MI Municipal Bond I Fund (NMMIX)

Data for Nuveen MI Municipal Bond I Fund (NMMIX) as of January 31, 2010

• Nuveen MI Municipal Bond I Fund (NMMIX) management has been with Nuveen MI Municipal Bond I Fund for 3.1 years
• Nuveen MI Municipal Bond I Fund (NMMIX) has good mid-term performance (3-year return 3.47% vs 2.51% Muni Single State Long category average)
• Nuveen MI Municipal Bond I Fund (NMMIX) has good Long-term performance (5-year return 3.53% vs 3.16% Muni Single State Long category average)
• Nuveen MI Municipal Bond I Fund (NMMIX) ratio of up-years vs down years is greater than 2
• Nuveen MI Municipal Bond I Fund (NMMIX) has a Morningstar rating of 4 and above
• Nuveen MI Municipal Bond I Fund (NMMIX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.19, lower than category average of 7.99
• Nuveen MI Municipal Bond I Fund (NMMIX) has a lower management fee than its Muni Single State Long average: 0.66% vs 1.03%
• Nuveen MI Municipal Bond I Fund (NMMIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Nuveen MI Municipal Bond I Fund (NMMIX)

Data for Nuveen MI Municipal Bond I Fund (NMMIX) as of January 31, 2010

• Nuveen MI Municipal Bond I Fund (NMMIX) has a less-than-ideal short-term performance (1-year return 9.39% vs 13.75% Muni Single State Long category average)
• Nuveen MI Municipal Bond I Fund (NMMIX) is less safe compared to its Muni Single State Long peers

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

  

  

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Nuveen MI Municipal Bond I Fund (NMMIX) Net Asset

Track net asset change of Nuveen MI Municipal Bond I fund (NMMIX)

Date	Net Asset
01/2010	$20.19M
11/2009	$19.16M
10/2009	$17.58M

More historic net asset information on Nuveen MI Municipal Bond I Fund (NMMIX)

  

Nuveen MI Municipal Bond I Fund (NMMIX) Portfolio Allocation

Track portfolio allocation change of Nuveen MI Municipal Bond I fund (NMMIX)

Date	Cash	Stock	Bond	Other
10/2009	0%	0%	100%	0%
09/2009	1.68%	0%	98.32%	0%
08/2009	0%	0%	100%	0%

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

  

Most Recent Top 10 Holdings in Nuveen MI Municipal Bond I Fund (NMMIX)

Discover what Nuveen MI Municipal Bond I Fund (NMMIX) manager is buying

31-Oct-09 Detroit/Wayne Cnty Mich Stad A Sta 5.25% [5.44%] Williamston Mich Cmnty Sch Dis Sch 5.5% [2.92%] Hartland Mich Cons Sch Dist 5.125% [2.91%] Michigan St Bldg Auth 5% [2.38%] Michigan St Bldg Auth 5% [2.18%] Michigan Mun Bd Auth 5% [2.09%] OTTAWA CNTY MICH LTD TAX G [2.05%] Grand Rapids Mich San Swr Sys Rev Bds 5% [2.03%] Kent Hosp Fin Auth 5.5% [2.02%] Michigan St Bldg Auth 5% [1.89%]

30-Sep-09 DETROIT/WAYNE CNTY MICH STAD A STAD AUTH [5.12%] Wayne St Univ Mich Univ Revs Gen 5.125% [2.96%] Williamston Mich Cmnty Sch Dis Sch 5.5% [2.86%] Hartland Mich Cons Sch Dist 5.125% [2.77%] MICHIGAN ST BLDG AUTH REV REV REFUN [2.26%] Michigan St Bldg Auth 5% [2.1%] MICHIGAN MUN BD AUTH REV REV BDS [2.02%] OTTAWA CNTY MICH LTD TAX G [2%] Grand Rapids Mich San Swr Sys Rev Bds 5% [1.96%] Kent Hosp Fin Auth 5.5% [1.91%]

31-Aug-09 Detroit/Wayne Cnty Mich Stad A Sta 5.25% [5.47%] Wayne St Univ Mich Univ Revs Gen 5.125% [3.07%] Williamston Mich Cmnty Sch Dis Sch 5.5% [2.99%] Hartland Mich Cons Sch Dist 5.125% [2.92%] Michigan St Bldg Auth 5% [2.5%] Michigan St Bldg Auth 5% [2.17%] Michigan Mun Bd Auth 5% [2.11%] OTTAWA CNTY MICH LTD TAX G [2.05%] Kent Hosp Fin Auth 5.5% [2.04%] Grand Rapids Mich San Swr Sys Rev Bds 5% [2.03%]

Click here for Stock Holding Change Map in Nuveen MI Municipal Bond I Fund (NMMIX)

  

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See more information on Nuveen MI Municipal Bond I Fund (NMMIX)

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