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Name

As of 11/20/2024

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

Municipal Total Return Managed Accounts Portfolio

NMTRX | Fund

$10.21

$1.58 B

4.21%

$0.43

0.11%

Vitals

YTD Return

2.4%

1 yr return

6.7%

3 Yr Avg Return

-1.3%

5 Yr Avg Return

0.4%

Net Assets

$1.58 B

Holdings in Top 10

7.2%

52 WEEK LOW AND HIGH

$10.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.11%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 7.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/20/2024

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

Municipal Total Return Managed Accounts Portfolio

NMTRX | Fund

$10.21

$1.58 B

4.21%

$0.43

0.11%

NMTRX - Profile

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return -1.3%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.80%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Municipal Total Return Managed Accounts Portfolio
  • Fund Family Name
    Nuveen Funds
  • Inception Date
    Dec 04, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Martin Doyle

Fund Description

Under normal market conditions, the Portfolio 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 personal income tax. These municipal bonds include obligations issued by U.S. states and their 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) that pay interest that is exempt from regular federal personal income tax. The Portfolio may invest without limit in securities that generate income subject to the alternative minimum tax on individuals, therefore, the Portfolio 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 corporate alternative minimum tax for certain tax corporations.
The Portfolio invests in various types of municipal securities, including investment grade (rated BBB/Baa or better), below investment grade (rated BB/Ba or lower), and unrated municipal securities. The Portfolio may invest up to 50% of its net assets in below investment grade municipal bonds, but will normally invest 10-30% of its net assets in such bonds. Such securities are commonly referred to as “high yield” securities or “junk” bonds. The Portfolio may invest up to 5% of its net assets in defaulted bonds.
The Portfolio will focus on securities with intermediate to longer term maturities and, as such, will generally maintain, under normal market conditions, an investment portfolio with an overall weighted average maturity of approximately 12 to 25 years.
The Portfolio may invest in all types of municipal bonds, including general obligation bonds, revenue bonds and participation interests in municipal leases. The Portfolio 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.
The Portfolio may invest up to 50% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates (“inverse floaters”). Inverse floaters are derivative securities that provide leveraged exposure to underlying municipal bonds. The Portfolio’s investments in inverse floaters are designed to increase the Portfolio’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. The Portfolio will only invest in inverse floating rate securities whose underlying bonds are rated A or higher.
The Portfolio may also make forward commitments in which the Portfolio agrees to buy a security for settlement in the future at a price agreed upon today.
The Portfolio’s sub-adviser uses a value-oriented strategy and looks for higher-yielding and undervalued municipal bonds that offer the potential for 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.
Developed exclusively for use within separately managed accounts advised or sub-advised by Nuveen Asset Management, LLC, the Portfolio is a specialized municipal bond portfolio to be used in combination with selected individual securities to effectively model institutional-level investment strategies. The Portfolio enables certain Nuveen municipal separately managed account investors to achieve greater diversification and return potential than might otherwise be achieved by using lower quality, higher yielding securities.
Read More

NMTRX - Performance

Return Ranking - Trailing

Period NMTRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -4.6% 33.0% 49.77%
1 Yr 6.7% -0.1% 38.0% 41.77%
3 Yr -1.3%* -10.8% 3.4% 83.12%
5 Yr 0.4%* -6.7% 1104.0% 75.58%
10 Yr 2.6%* -0.9% 248.8% 9.77%

* Annualized

Return Ranking - Calendar

Period NMTRX Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -1.4% 41.0% 65.40%
2022 -14.7% -39.7% 0.3% 86.59%
2021 -0.1% -5.6% 6.9% 32.06%
2020 2.2% -2.6% 310.0% 29.12%
2019 5.8% 0.0% 26.0% 7.29%

Total Return Ranking - Trailing

Period NMTRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -4.6% 33.0% 49.77%
1 Yr 6.7% -0.1% 38.0% 41.77%
3 Yr -1.3%* -10.8% 3.4% 83.12%
5 Yr 0.4%* -6.7% 1104.0% 75.58%
10 Yr 2.6%* -0.9% 248.8% 9.77%

* Annualized

Total Return Ranking - Calendar

Period NMTRX Return Category Return Low Category Return High Rank in Category (%)
2023 5.9% -1.3% 41.0% 46.09%
2022 -12.0% -39.7% 1.1% 85.09%
2021 2.7% -4.8% 23761504.0% 21.21%
2020 3.7% -1.5% 17057.9% 54.20%
2019 9.6% 0.2% 3514.6% 3.93%

NAV & Total Return History

NMTRX - Holdings

Concentration Analysis

NMTRX Category Low Category High NMTRX % Rank
Net Assets 1.58 B 3.22 M 71.9 B 21.87%
Number of Holdings 674 4 13418 17.59%
Net Assets in Top 10 112 M -317 M 3.09 B 40.64%
Weighting of Top 10 7.18% 1.8% 100.3% 89.53%

Top 10 Holdings

  1. Clark County Water Reclamation District, Nevada, General Obligation Water Bonds, Limited Tax Series 2023 0.86%
  2. University of Vermont and State Agricultural College, General Obligation Bonds, Series 2015 0.78%
  3. Florida Mid-Bay Bridge Authority, Revenue Bonds, 1st Senior Lien Series 2015A 0.78%
  4. Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2015C 0.77%
  5. Lakeland, Florida, Energy System Revenue Bonds, Series 2021 0.72%
  6. Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St. Louis International Airport, Series 2024A 0.71%
  7. King County, Washington, Sewer Revenue Bonds, Refunding Series 2016A 0.65%
  8. Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2014A 0.64%
  9. Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children's Hospital, Series 2015B 0.64%
  10. Wasatch County School District Local Building Authority, Utah, Lease Revenue Bonds, Board of Education Series 2022 0.62%

Asset Allocation

Weighting Return Low Return High NMTRX % Rank
Bonds 		98.28% 0.00% 150.86% 64.45%
Cash 		1.72% -50.86% 44.62% 33.91%
Stocks 		0.00% 0.00% 99.78% 90.88%
Preferred Stocks 		0.00% 0.00% 0.07% 90.14%
Other 		0.00% -3.69% 51.88% 85.54%
Convertible Bonds 		0.00% 0.00% 0.93% 89.83%

Bond Sector Breakdown

Weighting Return Low Return High NMTRX % Rank
Municipal 		97.86% 44.39% 100.00% 57.66%
Derivative 		0.00% -3.69% 51.88% 80.48%
Cash & Equivalents 		0.00% 0.00% 44.41% 95.14%
Securitized 		0.00% 0.00% 5.93% 90.10%
Corporate 		0.00% 0.00% 9.41% 91.30%
Government 		0.00% 0.00% 52.02% 91.91%

Bond Geographic Breakdown

Weighting Return Low Return High NMTRX % Rank
US 		98.28% 0.00% 142.23% 61.96%
Non US 		0.00% 0.00% 23.89% 89.81%

NMTRX - Expenses

Operational Fees

NMTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.11% 0.01% 8.02% 98.60%
Management Fee 0.00% 0.00% 1.20% 0.93%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

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

Trading Fees

NMTRX 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.

NMTRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 283.00% 11.76%

NMTRX - Distributions

Dividend Yield Analysis

NMTRX Category Low Category High NMTRX % Rank
Dividend Yield 4.21% 0.00% 14.51% 3.46%

Dividend Distribution Analysis

NMTRX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

NMTRX Category Low Category High NMTRX % Rank
Net Income Ratio 2.80% -0.53% 5.33% 9.98%

Capital Gain Distribution Analysis

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

Distributions History

View More +

NMTRX - Fund Manager Analysis

Managers

Martin Doyle

Start Date

Tenure

Tenure Rank

May 31, 2007

15.01

15.0%

Marty oversees the investment team that manages separately managed account portfolios in the Municipal Fixed Income Group. He also serves as portfolio manager for a number of national and institutional client portfolios. Marty started working in the financial services industry in 1987 when he joined Nuveen Investments. Prior to assuming his current role in 1998, he was a municipal research analyst covering several sectors for four years. He was also a unit investment trust pricing analyst, responsible for pricing and selling bonds for the UITs for four years. Marty earned a B.A. in economics from the University of Illinois and an M.B.A. in finance from Loyola University, Chicago. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.35 1.58

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