10.66 Down -0.02 -0.19%
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 10.68
Category Muni Single State Long
Net Assets 26.69 Mil
Yield 4.09%
Morningstar Risk Average
Morningstar Return High
  • Last NAV update 7/31/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks as high a level of current interest income exempt from regular federal, Arizona state and, in some cases, Arizona local income taxes as is consistent with preservation of capital. Under normal market conditions, the fund invests at least 80% of its 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 fund's sub-adviser to be of comparable quality. The fund may invest up to 20% of its net assets in below investment grade municipal bonds, commonly referred to as "high yield" or "junk" bonds.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 3.66% 10.02% 8.73% -4.03% 6.49%
Value ($) 10,366.15 11,405.05 12,401.11 11,901.69 12,674.28
  • Year to date performance as of 7/31/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Nuveen
Fund Manager Michael Hamilton
Tenure (Years) 4
Fund Status Open
Minimum Initial Purchase 100,000.00
Minimum IRA Investment NA
Front Load 0.00
Expense Ratio 0.67%
PERFORMANCE
Symbol Value ($)
1 Month 0.05%
3 Months 1.56%
1 Year 6.24%
3 Years* 5.09%
5 Years* 6.03%
  • * Annualized returns
  • Performance as of 7/31/2014 12:00 AM ET
PEER COMPARISON
  NMARX Muni Single State Long
5-Yr Return 6.03% 5.06%
Sharpe Ratio 1.19 1.27
Net Assets 26.69 Mil 88.90 Mil
Avg Market Cap NA 30.94 Bil
Avg P/E NA NA
Portfolio Turnover 10 15
HOLDINGS
Symbol Value ($)
Stocks 0.00%
Cash 4.48%
Fixed Income 95.00%
Other 0.52%
TOP 10 HOLDINGS
NAME % NET ASSETS
Maricopa Cnty Ariz Uni Sch Dis Sch Im 5% 3.97%
Gila Cnty Ariz Uni Sch Dist 2.98%
Arizona Brd Regents Ariz St Un Ref Bd 5% 2.98%
Multifamily Hsg Rev Bd Pass Th Rev 5.8% 2.88%
Arizona St Ctfs Partn Ctfs Part 5% 2.86%
Arizona Health Facs Auth 5.5% 2.47%
San Luis Ariz Civic Impt Corp Go Bds 5% 2.22%
Mesa Ariz Str & Hwy Rev Rev Bds 5% 2.18%
Tempe Ariz Tran Excise Tax Rev Rev Re 5% 2.15%
Maricopa Cnty Ariz Indl Dev Au Hosp S 7% 2.13%
DATA PROVIDERS

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