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Morningstar

Nuveen NJ Municipal Bond A NNJAX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 10.48  /  +0.10 %
  • Total Assets 378.4 Mil
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.820%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.05%
  • Effective Duration 8.15 years

USD | NAV as of Jul 02, 2024 | 1-Day Return as of Jul 02, 2024, 10:17 PM GMT+0

Morningstar’s Analysis NNJAX

Will NNJAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NNJAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NNJAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NNJAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Nuveen NJ Municipal Bond A's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings NNJAX

More NNJAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW JERSEY ST TRANSN TR FD AUTH 0%

3.00 11.1 Mil
municipal

NEW JERSEY INFRASTRUCTURE BK 5%

1.83 6.8 Mil
municipal

HUDSON CNTY N J IMPT AUTH LEASE REV 5%

1.77 6.6 Mil
municipal

TOBACCO SETTLEMENT FING CORP N J 5%

1.41 5.2 Mil
municipal

BRIDGEWATER & RARITAN N J SCH DIST 4%

1.34 5.0 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH 0%

1.34 5.0 Mil
municipal

NEW JERSEY INFRASTRUCTURE BK 3%

1.25 4.6 Mil
municipal

NEW JERSEY ST HSG & MTG FIN AGY REV 2.3%

1.23 4.6 Mil
municipal

SALEM CNTY N J POLLUTN CTL FING AUTH POLLUTN CTL REV 2.25%

1.19 4.4 Mil
municipal

NEW JERSEY ECONOMIC DEV AUTH WTR FACS REV 2.2%

1.16 4.3 Mil
municipal