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Nuveen NY Municipal Bond A (NNYAX) Fund Ranking and Research

Ranking, Research and Recommendation of Nuveen NY Municipal Bond A (NNYAX) Fund

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Graph of Nuveen NY Municipal Bond A Fund (NNYAX) ManagerFund Manager - Scott R. Romans

Fund Manager Information

Fund Manager Tenure: 6.9 years
Similar Funds: NNYCX 
Fund Family: Nuveen
Fund Category: Muni New York Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.72)     (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

 

Graph of Nuveen NY Municipal Bond A Fund (NNYAX) ProfileNuveen NY Municipal Bond A Fund (NNYAX) Profile

Fund Profile and Description

Nuveen NY Municipal Bond A Fund seeks a high level of current interest income exempt from regular federal, state and, in some cases, local income taxes consistent with preservation of capital. Normally the fund invests at least 80% of net assets in municipal bonds that pay interest that is exempt from regular federal and New York personal income tax. It invests at least 80% of net assets in investment grade municipal bonds rated BBB/Baa or higher at the time of purchase by at least one independent rating agency, or, if unrated, judged by the funds’ investment adviser to be of comparable quality. Nuveen NY Municipal Bond A Fund can invest up to 20% of net assets in "junk" bond.

 

Nuveen NY Municipal Bond A (NNYAX) Fund Strength What we like about Nuveen NY Municipal Bond A (NNYAX) Fund

Data for Nuveen NY Municipal Bond A Fund (NNYAX) as of May 30, 2016

  • Nuveen NY Municipal Bond A Fund (NNYAX) management has been with Nuveen NY Municipal Bond A Fund for 6.9 years
  • Nuveen NY Municipal Bond A Fund (NNYAX) has good short-term performance (1-year return 6.55% vs 5.58% Muni New York Long category median performance)
  • Nuveen NY Municipal Bond A Fund (NNYAX) has good mid-term performance (3-year return 4.33% vs 3.53% Muni New York Long category median performance)
  • Nuveen NY Municipal Bond A Fund (NNYAX) has good Long-term performance (5-year return 5.16% vs 4.95% Muni New York Long category median performance)
  • Nuveen NY Municipal Bond A Fund (NNYAX) ratio of up-years vs down years is greater than 2
  • Asset base in Nuveen NY Municipal Bond A Fund (NNYAX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Nuveen NY Municipal Bond A Fund (NNYAX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.87, lower than category average of 4.33

Nuveen NY Municipal Bond A Fund (NNYAX) Weakness What we are cautious about Nuveen NY Municipal Bond A (NNYAX) Fund

Data for Nuveen NY Municipal Bond A Fund (NNYAX) as of May 30, 2016

  • Nuveen NY Municipal Bond A Fund (NNYAX) has a Morningstar rating of 3 and below
  • Nuveen NY Municipal Bond A Fund (NNYAX) carries a 4.2% load
See Nuveen NY Municipal Bond A Fund (NNYAX) performance details as of May 30, 2016

 

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Compare Nuveen NY Municipal Bond A Fund (NNYAX)Compare with other top Muni New York Long category mutual funds

Aadditional top Muni New York Long mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Nuveen NY Municipal Bond A2.976.554.335.16
Columbia New York Tax-Exempt A (COLNX)2.956.474.315.62Compare

See top fund managers for Muni New York Long Category Funds

 

Compare Nuveen NY Municipal Bond A Fund (NNYAX)Compare with Muni New York Long category ETFs

Some Muni New York Long ETFs for your consideration

ETFYear to DateOne YearThree Year
SPDR Nuveen Barclays NY Muni Bd ETF (INY)2.91%7.87%5.02%

 

Graph of Nuveen NY Municipal Bond A Fund (NNYAX) Net Asset TrackingNuveen NY Municipal Bond A (NNYAX) Fund Net Asset

Track net asset change of Nuveen NY Municipal Bond A fund (NNYAX)

DateNet Asset
05/2016$765.79M
03/2016$740.96M
02/2016$734.10M
More historic net asset information on Nuveen NY Municipal Bond A Fund (NNYAX)

  

Graph of Nuveen NY Municipal Bond A Fund (NNYAX) Portfolio TrackingNuveen NY Municipal Bond A (NNYAX) Fund Portfolio Allocation

Track portfolio allocation change of Nuveen NY Municipal Bond A fund (NNYAX)

DateCashStockBondOther
04/20162.64%0%97.36%0%
03/20161.78%0%98.22%0%
01/20161.3%0%98.03%0.67%
Click here to see more historic asset allocation information on Nuveen NY Municipal Bond A Fund (NNYAX)

 

graph of Nuveen NY Municipal Bond A Fund (NNYAX) Top 10 Position TrackingTop 10 Holdings in Nuveen NY Municipal Bond A (NNYAX) Fund

Discover what Nuveen NY Municipal Bond A Fund (NNYAX) manager is buying

Apr 29, 2016
Hudson Yds Infrasct Corp Senior Re 5.25% [1.82%]
New York Liberty Dev Corp Libe Rev Bd 5% [1.81%]
Util Debt Securitization Au Restructu 5% [1.66%]
Port Auth 5.25% [1.6%]
Hudson Yds Infrasct Corp Rev Bds 5% [1.6%]
Niagara N Y Area Dev Corp Soli Ref 5.25% [1.59%]
New York N Y City Mun Wtr Fin Second 5% [1.58%]
New York N Y City Transitional Sub 0.05% [1.57%]
Long Island Pwr Auth 6% [1.57%]
New York N Y City Tr Cultural Rev Bds 5% [1.52%]

Mar 30, 2016
Hudson Yds Infrasct Corp Senior Re 5.25% [1.85%]
New York Liberty Dev Corp Libe Rev Bd 5% [1.82%]
Util Debt Securitization Au Restructu 5% [1.67%]
Hudson Yds Infrasct Corp Rev Bds 5% [1.62%]
Niagara N Y Area Dev Corp Soli Ref 5.25% [1.61%]
Port Auth 5.25% [1.61%]
New York N Y City Mun Wtr Fin Second 5% [1.6%]
Long Island Pwr Auth 6% [1.6%]
New York N Y City Transitional Sub 0.05% [1.57%]
New York N Y City Tr Cultural Rev Bds 5% [1.53%]

Jan 30, 2016
Hudson Yds Infrasct Corp Senior Re 5.25% [1.88%]
New York Liberty Dev Corp Libe Rev Bd 5% [1.82%]
Util Debt Securitization Au Restructu 5% [1.7%]
Hudson Yds Infrasct Corp Rev Bds 5% [1.66%]
Long Island Pwr Auth 6% [1.63%]
Niagara N Y Area Dev Corp Soli Ref 5.25% [1.63%]
Port Auth 5.25% [1.62%]
New York N Y City Mun Wtr Fin Second 5% [1.61%]
New York N Y City Transitional Sub 0.05% [1.59%]
New York N Y City Tr Cultural Rev Bds 5% [1.54%]
Click here for Stock Holding Change Map in Nuveen NY Municipal Bond A Fund (NNYAX)

  

Latest News on Nuveen NY Municipal Bond A (NNYAX) Fund

See what is happening with Nuveen NY Municipal Bond A Fund (NNYAX)

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Nuveen NY Municipal Bond A Fund (NNYAX) Related ResourcesSee more information on Nuveen NY Municipal Bond A (NNYAX) Fund

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