Mutual Fund Insights: Nuveen VA Municipal Bond I Fund (NMVAX)

In-depth Analysis of Nuveen VA Municipal Bond I Fund (NMVAX)

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See Nuveen VA Municipal Bond I Fund (NMVAX) performance details as of February 28, 2010

  

Last Trade: $10.81 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Cathryn Steeves

Fund Manager Tenure: 3.7 years   [Similar Funds: NMDAX ]
Fundmojo Fund Grade: A (Score: 0.77)     (What does this score mean?)

Ms. Cathryn Steeves currently manages investments for 42 state-specific Nuveen-sponsored municipal bond funds. Cathryn Steeves has been Vice President of NAM since 2003 and was, previously, Assistant Vice President (2001-2003).  Get more insights on Cathryn Steeves

  

 What we like about Nuveen VA Municipal Bond I Fund (NMVAX)

Data for Nuveen VA Municipal Bond I Fund (NMVAX) as of February 28, 2010

• Nuveen VA Municipal Bond I Fund (NMVAX) management has been with Nuveen VA Municipal Bond I Fund for 3.7 years
• Nuveen VA Municipal Bond I Fund (NMVAX) has good short-term performance (1-year return 14.91% vs 13.50 % Muni Single State Long category average)
• Nuveen VA Municipal Bond I Fund (NMVAX) has good mid-term performance (3-year return 4.05% vs 2.40 % Muni Single State Long category average)
• Nuveen VA Municipal Bond I Fund (NMVAX) has good Long-term performance (5-year return 4.24% vs 3.41 % Muni Single State Long category average)
• Nuveen VA Municipal Bond I Fund (NMVAX) ratio of up-years vs down years is greater than 2
• Nuveen VA Municipal Bond I Fund (NMVAX) has a Morningstar rating of 4 and above
• Nuveen VA Municipal Bond I Fund (NMVAX) has an annual stock turnover rate of 11.00% vs Muni Single State Long average of 19.68%. It is good that Nuveen VA Municipal Bond I management does not trade extensively for its return.
• Nuveen VA Municipal Bond I Fund (NMVAX) is less volatile than its peers as it has a 3-year Standard Deviation of 7.63, lower than category average of 7.98
• Nuveen VA Municipal Bond I Fund (NMVAX) has a lower management fee than its Muni Single State Long average: 0.65% vs 1.03%
• Nuveen VA Municipal Bond I Fund (NMVAX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Nuveen VA Municipal Bond I Fund (NMVAX)

Data for Nuveen VA Municipal Bond I Fund (NMVAX) as of February 28, 2010

See Nuveen VA Municipal Bond I Fund (NMVAX) performance details as of February 28, 2010

  

  

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Nuveen VA Municipal Bond I Fund (NMVAX) Net Asset

Track net asset change of Nuveen VA Municipal Bond I fund (NMVAX)

Date	Net Asset
02/2010	$366.95M
01/2010	$142.12M
11/2009	$139.88M

More historic net asset information on Nuveen VA Municipal Bond I Fund (NMVAX)

  

Nuveen VA Municipal Bond I Fund (NMVAX) Portfolio Allocation

Track portfolio allocation change of Nuveen VA Municipal Bond I fund (NMVAX)

Date	Cash	Stock	Bond	Other
01/2010	0.04%	0%	99.96%	0%
10/2009	0.04%	0%	99.96%	0%
09/2009	0.89%	0%	99.11%	0%

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

  

Most Recent Top 10 Holdings in Nuveen VA Municipal Bond I Fund (NMVAX)

Discover what Nuveen VA Municipal Bond I Fund (NMVAX) manager is buying

31-Jan-10 Tobacco Settlement Fing Corp V Asset 5% [3.29%] Cap Region Arpt Commn Va A Arpt 5% [1.95%] Virginia St Hsg Dev Auth 4.9% [1.81%] Virginia St Hsg Dev Auth 4.75% [1.73%] Tobacco Settlement Fing Corp V Tob 5.5% [1.62%] Washington Cnty Va Indl Dev Au Rev 7.5% [1.61%] Metropolitan Wash D C Arpts Au Arpt B 5% [1.4%] Puerto Rico Comwlth Hwy & Tran Rev 5.25% [1.36%] Univ Va Univ Revs Gen Rev P 5% [1.34%] Univ Va Univ Revs Rev Pledg 5% [1.31%]

31-Oct-09 Tobacco Settlement Fing Corp V Asset 5% [3.35%] Cap Region Arpt Commn Va A Arpt 5% [2.03%] Virginia St Hsg Dev Auth 4.9% [1.88%] Virginia St Hsg Dev Auth 4.75% [1.83%] Washington Cnty Va Indl Dev Au Rev 7.5% [1.68%] Tobacco Settlement Fing Corp V Tob 5.5% [1.67%] Fairfax Cnty Va Econ Dev A Resden 5.125% [1.49%] Metropolitan Wash D C Arpts Au Arpt B 5% [1.47%] Puerto Rico Comwlth Hwy & Tran Rev 5.25% [1.41%] Univ Va Univ Revs Gen Rev P 5% [1.39%]

30-Sep-09 TOBACCO SETTLEMENT FING CORP V ASSET BAC [3.72%] Cap Region Arpt Commn Va A Arpt 5% [2.04%] Virginia St Hsg Dev Auth 4.9% [1.85%] Virginia St Hsg Dev Auth 4.75% [1.79%] Washington Cnty Va Indl Dev Au Rev 7.5% [1.65%] Tobacco Settlement Fing Corp V Tob 5.5% [1.63%] METROPOLITAN WASH D C ARPTS AU ARPT BDS [1.47%] FAIRFAX CNTY VA ECONOMIC DEV A RESDENT C [1.45%] Puerto Rico Comwlth Hwy & Tran Rev 5.25% [1.44%] Univ Va Univ Revs Gen Rev P 5% [1.38%]

Click here for Stock Holding Change Map in Nuveen VA Municipal Bond I Fund (NMVAX)

  

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See more information on Nuveen VA Municipal Bond I Fund (NMVAX)

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