Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.5%
1 yr return
2.2%
3 Yr Avg Return
-2.4%
5 Yr Avg Return
-0.1%
Net Assets
$587 M
Holdings in Top 10
18.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.58%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 13.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$3,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NAAGX - Profile
Distributions
- YTD Total Return -0.5%
- 3 Yr Annualized Total Return -2.4%
- 5 Yr Annualized Total Return -0.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.97%
- Dividend Yield 2.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameNuveen Massachusetts Municipal Bond Fund
-
Fund Family NameNuveen Funds
-
Inception DateFeb 10, 2014
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Hamilton
Fund Description
NAAGX - Performance
Return Ranking - Trailing
Period | NAAGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -2.7% | 12.2% | 89.21% |
1 Yr | 2.2% | -3.0% | 38.5% | 84.16% |
3 Yr | -2.4%* | -10.3% | 3.3% | 93.85% |
5 Yr | -0.1%* | -5.7% | 1102.9% | 92.59% |
10 Yr | 1.3%* | -0.2% | 248.3% | 75.14% |
* Annualized
Return Ranking - Calendar
Period | NAAGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.6% | -1.4% | 41.0% | 55.31% |
2022 | -13.4% | -39.7% | 0.3% | 77.79% |
2021 | 0.0% | -5.6% | 6.9% | 26.92% |
2020 | 2.4% | -2.6% | 310.0% | 17.71% |
2019 | 4.5% | 0.0% | 26.0% | 26.01% |
Total Return Ranking - Trailing
Period | NAAGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -2.7% | 12.2% | 89.21% |
1 Yr | 2.2% | -3.0% | 38.5% | 84.16% |
3 Yr | -2.4%* | -10.3% | 3.3% | 93.85% |
5 Yr | -0.1%* | -5.7% | 1102.9% | 92.59% |
10 Yr | 1.3%* | -0.2% | 248.3% | 75.14% |
* Annualized
Total Return Ranking - Calendar
Period | NAAGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.7% | -1.3% | 41.0% | 70.98% |
2022 | -12.4% | -39.7% | 1.1% | 88.11% |
2021 | 1.0% | -4.8% | 23761504.0% | 63.76% |
2020 | 4.2% | -1.5% | 17057.9% | 35.23% |
2019 | 6.5% | 0.2% | 3514.6% | 50.28% |
NAV & Total Return History
NAAGX - Holdings
Concentration Analysis
NAAGX | Category Low | Category High | NAAGX % Rank | |
---|---|---|---|---|
Net Assets | 587 M | 3.48 M | 68.1 B | 39.52% |
Number of Holdings | 196 | 2 | 12848 | 59.21% |
Net Assets in Top 10 | 102 M | -317 M | 3.4 B | 42.33% |
Weighting of Top 10 | 18.51% | 1.9% | 100.4% | 46.94% |
Top 10 Holdings
- Massachusetts State, General Obligation Bonds, Series 2022E 2.93%
- Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2019A 2.11%
- University of Massachusetts Building Authority, Project Revenue Bonds, Senior Series 2022-1 2.05%
- Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Senior Series 2023A-1 2.01%
- Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement Program, Sustainability Green Series 2022A 1.93%
- Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Series 2023G 1.80%
- Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement Accelerated Bridge Programs, Series 2017A 1.53%
- Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Green Bonds, Series 2015D 1.42%
- Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2022C 1.40%
- Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Subordinated Series 2018A 1.33%
Asset Allocation
Weighting | Return Low | Return High | NAAGX % Rank | |
---|---|---|---|---|
Bonds | 95.62% | 0.00% | 150.86% | 86.22% |
Cash | 4.38% | -50.86% | 50.09% | 10.82% |
Stocks | 0.00% | 0.00% | 99.80% | 14.62% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 3.99% |
Other | 0.00% | -8.54% | 33.35% | 14.56% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 4.01% |
Bond Sector Breakdown
Weighting | Return Low | Return High | NAAGX % Rank | |
---|---|---|---|---|
Municipal | 99.38% | 44.39% | 100.00% | 32.41% |
Derivative | 0.00% | -8.54% | 23.38% | 10.89% |
Cash & Equivalents | 0.00% | 0.00% | 48.02% | 58.12% |
Securitized | 0.00% | 0.00% | 5.93% | 5.82% |
Corporate | 0.00% | 0.00% | 9.41% | 22.70% |
Government | 0.00% | 0.00% | 52.02% | 11.51% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | NAAGX % Rank | |
---|---|---|---|---|
US | 95.62% | 0.00% | 142.23% | 83.05% |
Non US | 0.00% | 0.00% | 23.89% | 13.08% |
NAAGX - Expenses
Operational Fees
NAAGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.58% | 0.01% | 20.65% | 10.77% |
Management Fee | 0.49% | 0.00% | 1.20% | 76.43% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 80.19% |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
NAAGX 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% | 11.40% |
Trading Fees
NAAGX 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.
NAAGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 13.00% | 0.00% | 283.00% | 33.01% |
NAAGX - Distributions
Dividend Yield Analysis
NAAGX | Category Low | Category High | NAAGX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.21% | 0.00% | 14.36% | 84.55% |
Dividend Distribution Analysis
NAAGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
NAAGX | Category Low | Category High | NAAGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.97% | -0.53% | 5.33% | 87.15% |
Capital Gain Distribution Analysis
NAAGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.017 | OrdinaryDividend |
Mar 01, 2024 | $0.017 | DailyAccrualFund |
Feb 01, 2024 | $0.018 | DailyAccrualFund |
Dec 29, 2023 | $0.018 | DailyAccrualFund |
Dec 01, 2023 | $0.018 | DailyAccrualFund |
Nov 01, 2023 | $0.015 | DailyAccrualFund |
Oct 02, 2023 | $0.015 | DailyAccrualFund |
Sep 01, 2023 | $0.015 | DailyAccrualFund |
Aug 01, 2023 | $0.015 | DailyAccrualFund |
Jul 03, 2023 | $0.015 | DailyAccrualFund |
Jun 01, 2023 | $0.015 | DailyAccrualFund |
May 01, 2023 | $0.014 | DailyAccrualFund |
Apr 03, 2023 | $0.014 | DailyAccrualFund |
Mar 01, 2023 | $0.014 | DailyAccrualFund |
Feb 01, 2023 | $0.012 | DailyAccrualFund |
Dec 30, 2022 | $0.012 | DailyAccrualFund |
Dec 01, 2022 | $0.012 | DailyAccrualFund |
Nov 01, 2022 | $0.012 | DailyAccrualFund |
Oct 03, 2022 | $0.012 | DailyAccrualFund |
Sep 01, 2022 | $0.012 | DailyAccrualFund |
Aug 01, 2022 | $0.010 | DailyAccrualFund |
Jul 01, 2022 | $0.008 | DailyAccrualFund |
Jun 01, 2022 | $0.008 | DailyAccrualFund |
May 02, 2022 | $0.008 | DailyAccrualFund |
Apr 01, 2022 | $0.008 | DailyAccrualFund |
Mar 01, 2022 | $0.008 | DailyAccrualFund |
Feb 01, 2022 | $0.008 | DailyAccrualFund |
Dec 31, 2021 | $0.008 | DailyAccrualFund |
Dec 01, 2021 | $0.008 | DailyAccrualFund |
Nov 01, 2021 | $0.008 | DailyAccrualFund |
Oct 01, 2021 | $0.008 | DailyAccrualFund |
Aug 02, 2021 | $0.008 | DailyAccrualFund |
Jul 01, 2021 | $0.008 | DailyAccrualFund |
Jun 01, 2021 | $0.008 | DailyAccrualFund |
May 03, 2021 | $0.010 | DailyAccrualFund |
Apr 01, 2021 | $0.010 | DailyAccrualFund |
Mar 01, 2021 | $0.010 | DailyAccrualFund |
Feb 01, 2021 | $0.011 | DailyAccrualFund |
Dec 31, 2020 | $0.011 | DailyAccrualFund |
Dec 01, 2020 | $0.011 | DailyAccrualFund |
Nov 02, 2020 | $0.013 | DailyAccrualFund |
Oct 01, 2020 | $0.013 | DailyAccrualFund |
Sep 01, 2020 | $0.013 | DailyAccrualFund |
Aug 03, 2020 | $0.014 | DailyAccrualFund |
Jul 01, 2020 | $0.014 | DailyAccrualFund |
Jun 01, 2020 | $0.014 | DailyAccrualFund |
May 01, 2020 | $0.014 | DailyAccrualFund |
Apr 01, 2020 | $0.014 | DailyAccrualFund |
Mar 02, 2020 | $0.014 | DailyAccrualFund |
Feb 03, 2020 | $0.015 | DailyAccrualFund |
Dec 31, 2019 | $0.015 | DailyAccrualFund |
Dec 02, 2019 | $0.015 | DailyAccrualFund |
Nov 01, 2019 | $0.015 | DailyAccrualFund |
Oct 01, 2019 | $0.015 | DailyAccrualFund |
Sep 03, 2019 | $0.015 | DailyAccrualFund |
Aug 01, 2019 | $0.017 | DailyAccrualFund |
Jul 01, 2019 | $0.017 | DailyAccrualFund |
Jun 03, 2019 | $0.017 | DailyAccrualFund |
May 01, 2019 | $0.017 | DailyAccrualFund |
Apr 01, 2019 | $0.017 | DailyAccrualFund |
Feb 01, 2019 | $0.017 | DailyAccrualFund |
Dec 31, 2018 | $0.017 | DailyAccrualFund |
Dec 03, 2018 | $0.017 | DailyAccrualFund |
Oct 01, 2018 | $0.017 | DailyAccrualFund |
Sep 04, 2018 | $0.017 | DailyAccrualFund |
Aug 01, 2018 | $0.017 | DailyAccrualFund |
Jul 02, 2018 | $0.017 | DailyAccrualFund |
Jun 01, 2018 | $0.017 | DailyAccrualFund |
May 01, 2018 | $0.017 | DailyAccrualFund |
Apr 02, 2018 | $0.017 | DailyAccrualFund |
Mar 01, 2018 | $0.017 | DailyAccrualFund |
Feb 01, 2018 | $0.017 | DailyAccrualFund |
Dec 29, 2017 | $0.017 | DailyAccrualFund |
Dec 01, 2017 | $0.017 | DailyAccrualFund |
Nov 01, 2017 | $0.017 | DailyAccrualFund |
Oct 02, 2017 | $0.017 | DailyAccrualFund |
Sep 01, 2017 | $0.017 | DailyAccrualFund |
Aug 01, 2017 | $0.017 | DailyAccrualFund |
Jul 03, 2017 | $0.017 | DailyAccrualFund |
Jun 01, 2017 | $0.017 | DailyAccrualFund |
May 01, 2017 | $0.017 | DailyAccrualFund |
Apr 03, 2017 | $0.017 | DailyAccrualFund |
Mar 01, 2017 | $0.017 | DailyAccrualFund |
Feb 01, 2017 | $0.017 | DailyAccrualFund |
Dec 30, 2016 | $0.017 | DailyAccrualFund |
Dec 01, 2016 | $0.017 | DailyAccrualFund |
Nov 16, 2016 | $0.002 | DailyAccrualFund |
Nov 01, 2016 | $0.019 | DailyAccrualFund |
Oct 03, 2016 | $0.019 | DailyAccrualFund |
Sep 01, 2016 | $0.019 | DailyAccrualFund |
Aug 01, 2016 | $0.020 | DailyAccrualFund |
Jul 01, 2016 | $0.020 | DailyAccrualFund |
Jun 01, 2016 | $0.020 | DailyAccrualFund |
May 02, 2016 | $0.020 | DailyAccrualFund |
Apr 01, 2016 | $0.020 | DailyAccrualFund |
Mar 01, 2016 | $0.020 | DailyAccrualFund |
Feb 01, 2016 | $0.022 | DailyAccrualFund |
Dec 31, 2015 | $0.022 | DailyAccrualFund |
Dec 01, 2015 | $0.022 | DailyAccrualFund |
Nov 02, 2015 | $0.022 | DailyAccrualFund |
Oct 01, 2015 | $0.022 | DailyAccrualFund |
Sep 01, 2015 | $0.022 | DailyAccrualFund |
Aug 03, 2015 | $0.023 | DailyAccrualFund |
Jul 01, 2015 | $0.023 | DailyAccrualFund |
Jun 01, 2015 | $0.023 | DailyAccrualFund |
May 01, 2015 | $0.023 | DailyAccrualFund |
Apr 01, 2015 | $0.023 | DailyAccrualFund |
Mar 02, 2015 | $0.023 | DailyAccrualFund |
Feb 02, 2015 | $0.024 | DailyAccrualFund |
Dec 31, 2014 | $0.024 | DailyAccrualFund |
Dec 01, 2014 | $0.024 | DailyAccrualFund |
Nov 14, 2014 | $0.003 | ExtraDividend |
Nov 03, 2014 | $0.024 | DailyAccrualFund |
Oct 01, 2014 | $0.024 | DailyAccrualFund |
Sep 02, 2014 | $0.024 | DailyAccrualFund |
Aug 01, 2014 | $0.024 | DailyAccrualFund |
Jul 01, 2014 | $0.024 | DailyAccrualFund |
Jun 02, 2014 | $0.024 | DailyAccrualFund |
May 01, 2014 | $0.025 | DailyAccrualFund |
Apr 01, 2014 | $0.025 | DailyAccrualFund |
Mar 30, 2014 | $0.025 | DailyAccrualFund |
NAAGX - Fund Manager Analysis
Managers
Michael Hamilton
Start Date
Tenure
Tenure Rank
Jan 01, 2011
11.42
11.4%
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 | 7.36 | 1.58 |