NMNJX: Nuveen NJ Municipal Bond I

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NMNJX Nuveen NJ Municipal Bond I


Profile

NMNJX - Profile

Vitals

  • YTD Return -5.1%
  • 3 Yr Annualized Return -0.4%
  • 5 Yr Annualized Return -0.8%
  • Net Assets $439 M
  • Holdings in Top 10 13.4%

52 WEEK LOW AND HIGH

$11.08
$10.44
$12.04

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.62%

SALES FEES

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

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -5.1%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return -0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.33%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen New Jersey Municipal Bond Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Feb 28, 1992
  • 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 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 New Jersey personal income tax. These municipal bonds include obligations issued by the State of New Jersey and its subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories.


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Categories

Performance

NMNJX - Performance

Return Ranking - Trailing

Period NMNJX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.1% -9.1% 2.6% 50.82%
1 Yr -2.8% -7.0% 8.1% 36.67%
3 Yr -0.4%* -2.3% 2.8% 44.44%
5 Yr -0.8%* -2.6% 0.9% 35.85%
10 Yr 0.4%* -1.0% 1.6% 11.11%

* Annualized

Return Ranking - Calendar

Period NMNJX Return Category Return Low Category Return High Rank in Category (%)
2019 4.7% 3.3% 7.6% 36.67%
2018 -2.9% -5.1% 11.0% 70.18%
2017 2.9% -10.2% 5.5% 42.59%
2016 -2.9% -4.8% -1.4% 37.04%
2015 -0.3% -4.8% -0.1% 20.75%

Total Return Ranking - Trailing

Period NMNJX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.1% -9.1% 2.6% 50.82%
1 Yr -2.8% -7.0% 8.6% 36.67%
3 Yr -0.4%* -2.3% 2.8% 44.44%
5 Yr -0.8%* -2.6% 0.9% 32.08%
10 Yr 0.4%* -1.0% 1.6% 11.11%

* Annualized

Total Return Ranking - Calendar

Period NMNJX Return Category Return Low Category Return High Rank in Category (%)
2019 4.7% 3.3% 8.0% 36.67%
2018 -2.9% -5.1% 11.0% 70.18%
2017 2.9% -10.2% 5.5% 40.74%
2016 -2.6% -4.8% -1.4% 33.33%
2015 -0.3% -4.8% -0.1% 20.75%

NAV & Total Return History


Holdings

NMNJX - Holdings

Concentration Analysis

NMNJX Category Low Category High NMNJX % Rank
Net Assets 439 M 24.4 M 2.65 B 36.07%
Number of Holdings 280 52 768 13.11%
Net Assets in Top 10 58.9 M -126 M 205 M 60.66%
Weighting of Top 10 13.44% 7.1% 78.1% 96.72%

Top 10 Holdings

  1. NEW JERSEY ST TRANSN TR FD AUTH 0% 2.56%
  2. NEW JERSEY ST TRANSN TR FD AUTH 5% 1.57%
  3. NEW JERSEY HEALTH CARE FACS FING AUTH REV 5% 1.35%
  4. NEW JERSEY ST TRANSN TR FD AUTH 0% 1.20%
  5. NEW JERSEY ST EDL FACS AUTH REV 5% 1.19%
  6. NEW JERSEY ECONOMIC DEV AUTH WTR FACS REV 2.2% 1.15%
  7. NEW JERSEY HEALTH CARE FACS FING AUTH REV 4% 1.14%
  8. TOBACCO SETTLEMENT FING CORP N J 4% 1.13%
  9. NEW JERSEY ECONOMIC DEV AUTH WTR FACS REV 4% 1.08%
  10. GLOUCESTER CNTY N J IMPT AUTH REV 4% 1.07%

Asset Allocation

Weighting Return Low Return High NMNJX % Rank
Bonds
99.45% 95.61% 102.28% 75.41%
Cash
1.78% -2.28% 4.38% 19.67%
Stocks
0.00% 0.00% 0.00% 68.85%
Preferred Stocks
0.00% 0.00% 0.00% 68.85%
Convertible Bonds
0.00% 0.00% 0.00% 68.85%
Other
-1.24% -1.24% 1.59% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High NMNJX % Rank
Municipal
98.24% 95.19% 100.44% 86.89%
Cash & Equivalents
1.76% -0.04% 4.81% 19.67%
Derivative
0.00% 0.00% 0.00% 68.85%
Securitized
0.00% 0.00% 0.00% 68.85%
Corporate
0.00% -0.86% 0.00% 67.21%
Government
0.00% -0.01% 0.20% 70.49%

Bond Geographic Breakdown

Weighting Return Low Return High NMNJX % Rank
US
98.20% 79.55% 99.98% 52.46%
Non US
1.25% 0.00% 20.03% 60.66%

Expenses

NMNJX - Expenses

Operational Fees

NMNJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.09% 2.49% 81.97%
Management Fee 0.50% 0.08% 0.60% 67.21%
12b-1 Fee 0.00% 0.00% 1.00% 3.33%
Administrative Fee N/A 0.04% 0.20% N/A

Sales Fees

NMNJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

NMNJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 4.00% 47.00% 88.52%

Distributions

NMNJX - Distributions

Dividend Yield Analysis

NMNJX Category Low Category High NMNJX % Rank
Dividend Yield 0.00% 0.00% 1.40% 77.05%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NMNJX Category Low Category High NMNJX % Rank
Net Income Ratio 3.33% 1.99% 4.65% 36.07%

Capital Gain Distribution Analysis

NMNJX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

NMNJX - 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
0.27 31.82 9.37 0.27