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Name

As of 10/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nuveen Nebraska Municipal Bond Fund

NAAFX | Fund

$9.97

$73.6 M

2.11%

$0.21

1.72%

Vitals

YTD Return

1.8%

1 yr return

10.9%

3 Yr Avg Return

-1.9%

5 Yr Avg Return

-0.6%

Net Assets

$73.6 M

Holdings in Top 10

24.5%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.72%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 4.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$3,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nuveen Nebraska Municipal Bond Fund

NAAFX | Fund

$9.97

$73.6 M

2.11%

$0.21

1.72%

NAAFX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.00%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Nebraska Municipal Bond Fund
  • Fund Family Name
    Nuveen Funds
  • Inception Date
    Feb 10, 2014
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Hamilton

Fund Description

div style="font-size:10.0pt;font-family:arial;text-align:left;color:#000000;font-weight:normal;text-decoration:none;margin-top:1em;margin-bottom:1em;"Under normal market conditions, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal and Nebraska personal income tax. Regular federal personal income tax is different from, and does not include, the federal alternative minimum tax. These municipal bonds include obligations issued by the State of Nebraska and its subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories (such as Puerto Rico, the U.S. Virgin Islands and Guam) or other U.S. states that pay interest that is exempt from regular federal and Nebraska personal income tax. The Fund may invest without limit in securities that generate income subject to the alternative minimum tax on individuals, therefore, the Fund may not be suitable for investors subject to the federal alternative minimum tax on individuals. For tax years beginning after December 31, 2022, exempt-interest dividends may affect the federal corporate alternative minimum tax for certain corporations. The Fund normally may invest up to 20% of its net assets in taxable obligations, which include municipal bonds that are exempt from regular federal income tax, but not from Nebraska personal income tax if, in the judgment of the Fund’s sub-adviser, such purchases are expected to enhance the Fund's after-tax total return potential. The Fund will attempt to maintain the weighted average maturity of its portfolio securities at ten to twenty-five years under normal market conditions./divdiv style="font-size:10.0pt;font-family:arial;text-align:left;color:#000000;font-weight:normal;text-decoration:none;margin-top:1em;margin-bottom:1em;"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./divdiv style="font-size:10.0pt;font-family:arial;text-align:left;color:#000000;font-weight:normal;text-decoration:none;margin-top:1em;margin-bottom:1em;"The Fund may invest in all types of municipal bonds, including general obligation bonds, revenue bonds and participation interests in municipal leases. The Fund may invest in zero coupon bonds, which are issued at substantial discounts from their value at maturity and pay no cash income to their holders until they mature./divdiv style="font-size:10.0pt;font-family:arial;text-align:left;color:#000000;font-weight:normal;font-style:normal;margin-top:1em;margin-bottom:1em;"span style="font-size:10.0pt;font-family:arial;font-style:normal;color:#000000;font-weight:normal;text-decoration:none"The Fund may invest up to 15% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates (“/spanspan style="font-size:10.0pt;font-family:arial;font-style:italic;color:#000000;font-weight:normal;text-decoration:none"inverse floaters/spanspan style="font-size:10.0pt;font-family:arial;font-style:normal;color:#000000;font-weight:normal;text-decoration:none"”). Inverse floaters are derivative securities that provide leveraged exposure to underlying municipal bonds. The Fund’s investments in inverse floaters are designed to increase the Fund’s income and returns through this leveraged exposure. These investments are speculative, however, and also create the possibility that income and returns will be diminished./span/divdiv style="font-size:10.0pt;font-family:arial;text-align:left;color:#000000;font-weight:normal;text-decoration:none;margin-top:1em;margin-bottom:1em;"The Fund may utilize the following derivatives: futures contracts, swap contracts, options on futures contracts and options on swap contracts. The Fund may use these derivatives in an attempt to manage market risk, credit risk and yield curve risk, and to manage the effective maturity or duration of securities in the Fund’s portfolio. The Fund may not use such instruments to gain exposure to a security or type of security that it would be prohibited by its investment restrictions from purchasing directly./divdiv style="font-size:10.0pt;font-family:arial;text-align:left;color:#000000;font-weight:normal;text-decoration:none;margin-top:1em;margin-bottom:1em;"The Fund’s sub-adviser uses a value-oriented strategy and looks for higher-yielding and undervalued long-term municipal bonds that offer above-average total return. The sub-adviser may choose to sell municipal bonds with deteriorating credit or limited upside potential compared to other available bonds./divdiv style="font-size:10.0pt;font-family:arial;text-align:left;color:#000000;font-weight:normal;text-decoration:none;margin-top:1em;margin-bottom:1em;"The Fund is primarily designed for investment by Nebraska taxpayers./div
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NAAFX - Performance

Return Ranking - Trailing

Period NAAFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -1.5% 25.5% 91.90%
1 Yr 10.9% 2.1% 38.6% 54.08%
3 Yr -1.9%* -9.9% 3.5% 94.46%
5 Yr -0.6%* -6.5% 1104.9% 94.69%
10 Yr 0.9%* -0.8% 248.9% 89.56%

* Annualized

Return Ranking - Calendar

Period NAAFX Return Category Return Low Category Return High Rank in Category (%)
2023 3.0% -1.4% 41.0% 40.72%
2022 -12.8% -39.7% 0.3% 67.21%
2021 -0.7% -5.6% 6.9% 61.14%
2020 3.0% -2.6% 310.0% 7.78%
2019 3.8% 0.0% 26.0% 46.97%

Total Return Ranking - Trailing

Period NAAFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -1.5% 25.5% 91.90%
1 Yr 10.9% 2.1% 38.6% 54.08%
3 Yr -1.9%* -9.9% 3.5% 94.46%
5 Yr -0.6%* -6.5% 1104.9% 94.69%
10 Yr 0.9%* -0.8% 248.9% 89.56%

* Annualized

Total Return Ranking - Calendar

Period NAAFX Return Category Return Low Category Return High Rank in Category (%)
2023 4.5% -1.3% 41.0% 76.11%
2022 -12.1% -39.7% 1.1% 85.63%
2021 -0.1% -4.8% 23761504.0% 88.93%
2020 4.5% -1.5% 17057.9% 28.06%
2019 5.9% 0.2% 3514.6% 66.38%

NAV & Total Return History

NAAFX - Holdings

Concentration Analysis

NAAFX Category Low Category High NAAFX % Rank
Net Assets 73.6 M 3.22 M 71.9 B 90.64%
Number of Holdings 90 4 13418 88.25%
Net Assets in Top 10 18 M -317 M 3.45 B 89.32%
Weighting of Top 10 24.46% 1.9% 100.1% 23.97%

Top 10 Holdings

  1. Nebraska Educational, Health, Cultural and Social Services Finance Authority, Revenue Bonds, Immanuel Retirement Communities Obligated Group, Series 2 4.37%
  2. University of Nebraska Facilities Corporation, Nebraska, Facilities Program Bonds, Green Series 2021B 2.86%
  3. Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015 2.74%
  4. Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2017 2.69%
  5. Douglas County School District 54, Ralston, Nebraska, General Obligation Bonds, Series 2023 2.16%
  6. Public Power Generation Agency, Nebraska, Whelan Energy Center Unit 2 Revenue Bonds, Refunding Series 2016A 2.07%
  7. Douglas County, Nebraska, Educational Facilities Revenue Bonds, Creighton University Projects, Refunding Series 2017 2.06%
  8. Nebraska Public Power District, General Revenue Bonds, Series 2016A 2.05%
  9. Nebraska State Colleges Facilities Corporation, Nebraska, Revenue Bonds, Facilities Program Series 2022B 1.75%
  10. Nebraska Public Power District, General Revenue Bonds, Series 2023A 1.72%

Asset Allocation

Weighting Return Low Return High NAAFX % Rank
Bonds 		100.58% 0.00% 150.86% 15.98%
Stocks 		0.00% 0.00% 99.89% 72.21%
Preferred Stocks 		0.00% 0.00% 0.08% 68.94%
Other 		0.00% -3.72% 51.88% 68.02%
Convertible Bonds 		0.00% 0.00% 0.93% 68.49%
Cash 		0.00% -50.86% 43.45% 94.03%

Bond Sector Breakdown

Weighting Return Low Return High NAAFX % Rank
Municipal 		98.56% 44.39% 100.00% 47.70%
Derivative 		0.00% -3.72% 51.88% 66.62%
Cash & Equivalents 		0.00% 0.00% 43.45% 86.66%
Securitized 		0.00% 0.00% 5.93% 69.29%
Corporate 		0.00% 0.00% 9.41% 73.95%
Government 		0.00% 0.00% 52.02% 71.55%

Bond Geographic Breakdown

Weighting Return Low Return High NAAFX % Rank
US 		100.58% 0.00% 142.23% 15.46%
Non US 		0.00% 0.00% 23.89% 70.87%

NAAFX - Expenses

Operational Fees

NAAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.72% 0.01% 8.02% 5.11%
Management Fee 0.51% 0.00% 1.20% 88.59%
12b-1 Fee 1.00% 0.00% 1.00% 94.46%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

NAAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load 1.00% 0.25% 5.00% 72.47%

Trading Fees

NAAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NAAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 4.00% 0.00% 283.00% 3.18%

NAAFX - Distributions

Dividend Yield Analysis

NAAFX Category Low Category High NAAFX % Rank
Dividend Yield 2.11% 0.00% 14.51% 92.51%

Dividend Distribution Analysis

NAAFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

NAAFX Category Low Category High NAAFX % Rank
Net Income Ratio 1.00% -0.53% 5.33% 86.64%

Capital Gain Distribution Analysis

NAAFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

NAAFX - Fund Manager Analysis

Managers

Michael Hamilton

Start Date

Tenure

Tenure Rank

Nov 08, 2016

5.56

5.6%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.33 1.58

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