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Nuveen NM Municipal Bond A (FNMTX)

10.39 0.00(0.00%) Jul 24

Profile as of Jun 29, 2014Get Profile for:
Nuveen NM Municipal Bond A
C/O John Nuveen & Co Inc333 West Wacker Drive 32nd FloorChicago IL 60606
Map
Phone: 800-257-8787
Fund Overview 
Category:Muni Single State Long
Fund Family:Nuveen
Net Assets:82.25M
Year-to-Date Return:5.69%
Yield:3.24%
Morningstar Rating:2 stars
Fund Inception Date:Sep 16, 1992
Morningstar Style Box 
Muni Single State Long
[View Category Definition]
View Top Muni Single State Long Funds
About the Morningstar Style Box
Management Information 
Michael S. Hamilton
Lead Manager since Jan 1, 2011
Michael S. Hamilton entered the financial services industry in 1989 when he joined FAF. He became a portfolio manager in 1992 and most recently served as Senior Fixed-Income Portfolio Manager at FAF until joining Nuveen Asset Management. He joined Nuveen Asset Management as Senior Vice President and Portfolio Manager on January 1, 2011 in connection with its acquisition of a portion of FAF’s asset management business.
Investment Information 
Min Initial Investment:3,000
Min Initial Investment, IRA:N/A
Min Initial Investment, AIP:100
Min Subsequent Investment:100
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:100
FNMTX can be purchased from 90 brokerages.

Fund Summary 
The investment seeks as high a level of current interest income exempt from regular federal, New Mexico state and, in some cases, New Mexico 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. The fund is non-diversified.

Fund Operations 
Last Dividend (Jun 29, 2014) : 0.03
Last Cap Gain : 0.00
Annual Holdings Turnover (Jul 22, 2014) : 7.00%
Average for Category:11.28%
Fees & Expenses 
ExpenseFNMTXCategory Avg
Annual Report Expense Ratio (net):0.84%0.95%
Prospectus Net Expense Ratio:0.84%N/A
Prospectus Gross Expense Ratio:0.84%N/A
Max 12b1 Fee:0.20%N/A
Max Front End Sales Load:4.20%4.49%
Max Deferred Sales Load: N/A2.14%
3 Yr Expense Projection*:677523
5 Yr Expense Projection*:866761
10 Yr Expense Projection*:1,4141,429
* Per $10,000 invested