NBPAX: Nuveen PA Municipal Bond I

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NBPAX Nuveen PA Municipal Bond I


Profile

NBPAX - Profile

Vitals

  • YTD Return -3.8%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return -0.7%
  • Net Assets $501 M
  • Holdings in Top 10 16.2%

52 WEEK LOW AND HIGH

$10.78
$10.17
$11.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.60%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -3.8%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return -0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.23%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Pennsylvania Municipal Bond Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Feb 03, 1997
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Brennan

Fund Description

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.


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Categories

Performance

NBPAX - Performance

Return Ranking - Trailing

Period NBPAX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.8% -22.0% 197.1% 72.98%
1 Yr -1.6% -20.7% 191.9% 68.13%
3 Yr 0.1%* -7.3% 7.0% 41.57%
5 Yr -0.7%* -6.0% 11.3% 60.66%
10 Yr 0.4%* -5.3% 3.9% 28.52%

* Annualized

Return Ranking - Calendar

Period NBPAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.0% -4.3% 18.3% 34.42%
2018 -2.6% -11.7% 4.6% 55.78%
2017 2.4% -6.0% 8.3% 14.29%
2016 -3.8% -7.8% 7.7% 95.42%
2015 0.1% -18.3% 3.0% 10.64%

Total Return Ranking - Trailing

Period NBPAX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.8% -22.0% 197.1% 72.98%
1 Yr -1.6% -20.7% 191.9% 68.13%
3 Yr 0.1%* -7.3% 9.1% 48.08%
5 Yr -0.7%* -6.0% 11.3% 66.92%
10 Yr 0.4%* -5.3% 6.7% 45.49%

* Annualized

Total Return Ranking - Calendar

Period NBPAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.0% -4.3% 18.3% 35.15%
2018 -2.6% -11.7% 6.5% 63.71%
2017 2.4% -6.0% 10.4% 25.00%
2016 -3.8% -7.8% 10.7% 96.15%
2015 0.1% -12.6% 4.2% 18.20%

NAV & Total Return History


Holdings

NBPAX - Holdings

Concentration Analysis

NBPAX Category Low Category High NBPAX % Rank
Net Assets 501 M 652 K 269 B 56.38%
Number of Holdings 287 1 17723 50.82%
Net Assets in Top 10 81.2 M -216 M 24.5 B 59.99%
Weighting of Top 10 16.23% 2.4% 100.0% 64.41%

Top 10 Holdings

  1. ALLEGHENY CNTY PA HOSP DEV AUTH REV 4% 2.39%
  2. BERKS CNTY PA INDL DEV AUTH HEALTH SYS REV 5% 2.38%
  3. COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV 4% 1.77%
  4. PENNSYLVANIA ECONOMIC DEV FING AUTH REV 3% 1.60%
  5. PHILADELPHIA PA 1.15% 1.53%
  6. PENNSYLVANIA ST TPK COMMN TPK REV 6.38% 1.38%
  7. ALLEGHENY CNTY PA SAN AUTH SWR REV 5% 1.34%
  8. PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV 3.2% 1.32%
  9. PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV 3.35% 1.28%
  10. ALLEGHENY CNTY PA 5% 1.25%

Asset Allocation

Weighting Return Low Return High NBPAX % Rank
Bonds
100.78% 80.16% 159.74% 8.27%
Cash
0.33% -59.74% 19.63% 74.36%
Stocks
0.00% -0.38% 24.73% 67.69%
Preferred Stocks
0.00% 0.00% 7.43% 70.88%
Convertible Bonds
0.00% 0.00% 7.24% 80.73%
Other
-1.10% -4.63% 28.26% 98.64%

Bond Sector Breakdown

Weighting Return Low Return High NBPAX % Rank
Municipal
99.68% 0.00% 100.11% 14.47%
Cash & Equivalents
0.32% -29.57% 39.95% 81.30%
Derivative
0.00% -0.83% 31.05% 69.45%
Securitized
0.00% 0.00% 98.30% 83.74%
Corporate
0.00% 0.00% 99.29% 86.93%
Government
0.00% -2.21% 122.41% 85.14%

Bond Geographic Breakdown

Weighting Return Low Return High NBPAX % Rank
US
100.58% 61.81% 156.78% 4.41%
Non US
0.20% -17.15% 26.76% 77.22%

Expenses

NBPAX - Expenses

Operational Fees

NBPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.01% 34.57% 68.16%
Management Fee 0.50% 0.00% 1.10% 87.30%
12b-1 Fee 0.00% 0.00% 1.00% 10.84%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

NBPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

NBPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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.

NBPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 489.00% 15.71%

Distributions

NBPAX - Distributions

Dividend Yield Analysis

NBPAX Category Low Category High NBPAX % Rank
Dividend Yield 0.00% 0.00% 3.72% 73.46%

Dividend Distribution Analysis

NBPAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Annually Monthly Monthly

Net Income Ratio Analysis

NBPAX Category Low Category High NBPAX % Rank
Net Income Ratio 3.23% -0.20% 6.30% 14.98%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

NBPAX - Fund Manager Analysis

Managers

Paul Brennan


Start Date

Tenure

Tenure Rank

Jan 01, 2011

9.17

9.2%

Paul L. Brennan, CFA, is Senior Vice President and Portfolio Manager of Nuveen Asset Management. He began his career in the financial industry in 1991 as a municipal credit analyst for Flagship Financial Inc. (“Flagship”) before becoming a portfolio manager at Flagship in 1994. Mr. Brennan joined Nuveen Asset Management in 1997 when the firm acquired Flagship.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.27 7.4 0.16