Mutual Fund Insights: Nuveen Preferred Securities A Fund (NPSAX)

In-depth Analysis of Nuveen Preferred Securities A Fund (NPSAX)

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See Nuveen Preferred Securities A Fund (NPSAX) performance details as of January 31, 2010

  

Last Trade: $16.04 on 3/15/2010, Change: +0.02 (0.12%)

  

Fund Manager - Douglas M. Baker

Fund Manager Tenure: 2.7 years   [Similar Funds: NPSCX  NPSRX ]
Fundmojo Fund Grade: C (Score: 0.53)     (What does this score mean?)

Baker is a co-portfolio manager of the Nuveen Preferred Securities Fund from Jan.8,2008. He joined NAMs derivatives overlay team in 2006 as a vice president and derivatives analyst. Prior to joining Nuveen, he spent three years at Lehman Brothers in institutional fixed income derivatives sales and strategy, and before joining Lehman Brothers spent five years at Bank of America in corporate/commercial banking. Baker holds the Chartered Financial Analyst designation.  Get more insights on Douglas M. Baker

  

 What we like about Nuveen Preferred Securities A Fund (NPSAX)

Data for Nuveen Preferred Securities A Fund (NPSAX) as of January 31, 2010

• Nuveen Preferred Securities A Fund (NPSAX) is a new fund and has been performing well against its peers for both three-month and 1-year performance
• Nuveen Preferred Securities A Fund (NPSAX) has good short-term performance (1-year return 64.88% vs 22.68% Long-Term Bond category average)
• Nuveen Preferred Securities A Fund (NPSAX) has an annual stock turnover rate of 30.00% vs Long-Term Bond average of 173.33%. It is good that Nuveen Preferred Securities A management does not trade extensively for its return.

  

 What we are cautious about Nuveen Preferred Securities A Fund (NPSAX)

Data for Nuveen Preferred Securities A Fund (NPSAX) as of January 31, 2010

• Nuveen Preferred Securities A Fund (NPSAX) management has been with Nuveen Preferred Securities A Fund for only 2.7 years, it is hard to judge manager's ability based on this fund's operation record
• Nuveen Preferred Securities A Fund is a focused fund with 30.27% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Nuveen Preferred Securities A Fund (NPSAX) has a less-than-ideal mid-term performance (3-year return -0.41% vs 5.57% Long-Term Bond category average)
• Nuveen Preferred Securities A Fund (NPSAX) ratio of up-years vs down years can be improved
• Nuveen Preferred Securities A Fund (NPSAX) has a Morningstar rating of 3 and below
• Nuveen Preferred Securities A Fund (NPSAX) is less safe compared to its Long-Term Bond peers
• Nuveen Preferred Securities A Fund (NPSAX) does not have a good risk adjusted return as its 3-year Alpha of -9.45 is worse than category average of -4.33, and its 3-year Sharpe ratio is 0.04
• Nuveen Preferred Securities A Fund (NPSAX) is more volatile than its peers as it has a 3-year Standard Deviation of 26.16 that is higher than category average of 11.64
• Nuveen Preferred Securities A Fund (NPSAX) has a higher management fee of 0.94% than its Long-Term Bond average of 0.88%
• Nuveen Preferred Securities A Fund (NPSAX) carries a 4.75% load

See Nuveen Preferred Securities A Fund (NPSAX) performance details as of January 31, 2010

  

  

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Nuveen Preferred Securities A Fund (NPSAX) Net Asset

Track net asset change of Nuveen Preferred Securities A fund (NPSAX)

Date	Net Asset
01/2010	$107.34M
11/2009	$92.60M
10/2009	$98.16M

More historic net asset information on Nuveen Preferred Securities A Fund (NPSAX)

  

Nuveen Preferred Securities A Fund (NPSAX) Portfolio Allocation

Track portfolio allocation change of Nuveen Preferred Securities A fund (NPSAX)

Date	Cash	Stock	Bond	Other
11/2009	4.99%	0.95%	45.95%	48.11%
09/2009	2.14%	0.97%	47.14%	49.76%
08/2009	0.93%	1.04%	47.97%	50.06%

Click here to see more historic asset allocation information on Nuveen Preferred Securities A Fund (NPSAX)

  

Most Recent Top 10 Holdings in Nuveen Preferred Securities A Fund (NPSAX)

Discover what Nuveen Preferred Securities A Fund (NPSAX) manager is buying

30-Nov-09 Jpmorgan Chase FRN [5.94%] Wells Fargo Cap Xiii FRN [3.45%] Santander Fin Preferred Sa Uniperson Pfd [3.34%] Wells Fargo & Co, San Francisco Ca Pfd [3.09%] Countrywide Cap V Pfd [2.92%] Pnc Preferred Fdg Tr 144A FRN [2.91%] Deutsche Bk Contingent Cap Tr V Pfd [2.33%] Rabobank Nederland FRN [2.11%] Prudential Finl 8.875% [2.11%] Allianz Societas Europaea-Se Pfd [2.07%]

30-Sep-09 Jpmorgan Chase FRN [6.63%] Wells Fargo Cap Xiii FRN [3.79%] Santander Fin Preferred Sa Uniperson Pfd [3.74%] Countrywide Cap V Pfd [3.5%] Wells Fargo & Co New Pfd [3.37%] Usb Realty 144A FRN [2.68%] Deutsche Bk Contingent Cap Tr V Pfd [2.38%] Rabobank Nederland FRN [2.38%] Metlife FRN [2.34%] Pnc Preferred Fdg Tr 144A FRN [2.27%]

31-Aug-09 Jpmorgan Chase FRN [7.49%] Wells Fargo Cap Xiii FRN [4.27%] Wells Fargo & Co New Pfd [3.78%] Countrywide Cap V Pfd [3.74%] Rabobank Nederland FRN [2.61%] Metlife FRN [2.48%] Pnc Preferred Fdg Tr 144A FRN [2.41%] Bb&T Cap Tr Vi Pfd [2.33%] Credit Agricole Sa London [2.26%] Santander Fin Pfd S A Unipersonal Pfd [2.13%]

Click here for Stock Holding Change Map in Nuveen Preferred Securities A Fund (NPSAX)

  

Related books and products to Nuveen Preferred Securities A Fund (NPSAX)

  

Latest News on Nuveen Preferred Securities A (NPSAX)

See what is happening with Nuveen Preferred Securities A Fund (NPSAX)

The Zacks Mutual Fund Rank reveals its top 5 High Yield funds: Nuveen Preferred Securities A, Fidelity High Income, Rydex/SGI High Yield A, Northeast Investors and MFS High Yield Opportunities A. (Zacks.com) See more news on Nuveen Preferred Securities A Fund (NPSAX)

 

Books and Resources

 

 

See more information on Nuveen Preferred Securities A Fund (NPSAX)

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