NSIOX: Nuveen Strategic Municipal Opps I

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NSIOX Nuveen Strategic Municipal Opps I

  • Fund
  • NSIOX
  • Price as of: Oct 18, 2019
  • $11.16 - $0.01 - 0.09%

NSIOX - Profile

Vitals

  • YTD Return 6.9%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return N/A
  • Net Assets $469 M
  • Holdings in Top 10 12.8%

52 WEEK LOW AND HIGH

$11.16
$10.27
$11.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.71%

SALES FEES

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

BROKERAGE FEES

  • Turnover 50.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Long

Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.55%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Nuveen Strategic Municipal Opportunities Fund
  • Fund Family Name Nuveen
  • Inception Date Dec 16, 2014
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Timothy T. Ryan

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 personal income tax. It may invest in bonds of any maturity. The fund may invest up to 20% of its net assets in taxable debt obligations, including taxable municipal bonds and U.S. Treasury securities.

NSIOX - Performance

Return Ranking - Trailing

Period NSIOX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% 0.0% 11.4% 18.18%
1 Yr 8.1% 0.0% 12.8% 25.49%
3 Yr 2.0%* -1.6% 4.7% 18.75%
5 Yr N/A* -1.4% 5.6% N/A
10 Yr N/A* -0.1% 6.7% N/A

* Annualized


Return Ranking - Calendar

Period NSIOX Return Category Return Low Category Return High Rank in Category (%)
2018 0.1% -5.2% 0.2% 8.16%
2017 6.2% 0.0% 7.6% 10.64%
2016 -4.1% -6.3% -1.4% 62.79%
2015 N/A -1.4% 1.9% N/A
2014 N/A 0.1% 24.7% N/A

Total Return Ranking - Trailing

Period NSIOX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% 0.0% 11.7% 18.18%
1 Yr 8.1% 0.0% 12.8% 23.53%
3 Yr 2.4%* -1.6% 3.9% 16.67%
5 Yr N/A* -1.4% 5.6% N/A
10 Yr N/A* -0.1% 6.7% N/A

* Annualized


Total Return Ranking - Calendar

Period NSIOX Return Category Return Low Category Return High Rank in Category (%)
2018 0.1% -5.2% 1.2% 8.16%
2017 6.3% 0.0% 7.6% 10.64%
2016 -3.1% -6.3% -1.4% 48.84%
2015 N/A -1.4% 1.9% N/A
2014 N/A 0.1% 24.7% N/A

NAV & Total Return History

NSIOX - Holdings

Concentration Analysis

NSIOX Category Low Category High NSIOX % Rank
Net Assets 469 M 9.22 M 4.09 B 48.15%
Number of Holdings 353 3 1843 27.78%
Net Assets in Top 10 56.1 M -77.7 M 527 M 57.41%
Weighting of Top 10 12.82% 5.8% 109.5% 77.78%

Top 10 Holdings

  1. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% 2.09%

  2. INDIANAPOLIS IND LOC PUB IMPT BD BK 5% 1.43%

  3. KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG 5% 1.40%

  4. NEW YORK N Y 4% 1.32%

  5. OAKLAND CALIF UNI SCH DIST ALAMEDA CNTY 3% 1.18%

  6. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5.25% 1.15%

  7. CALIFORNIA HEALTH FACS FING AUTH REV 4% 1.08%

  8. MICHIGAN FIN AUTH REV 4% 1.07%

  9. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5.75% 1.06%

  10. TRIBOROUGH BRDG & TUNL AUTH NY REVS 5% 1.04%


Asset Allocation

Weighting Return Low Return High NSIOX % Rank
Bonds
98.79% 67.07% 147.50% 31.48%
Cash
1.26% -48.60% 30.36% 68.52%
Stocks
0.00% 0.00% 0.09% 9.26%
Preferred Stocks
0.00% 0.00% 0.60% 9.26%
Convertible Bonds
0.00% 0.00% 0.03% 9.26%
Other
-0.05% -13.48% 30.00% 75.93%

Bond Sector Breakdown

Weighting Return Low Return High NSIOX % Rank
Municipal
98.64% 67.07% 146.64% 44.44%
Cash & Equivalents
1.26% -48.60% 30.36% 68.52%
Corporate
0.09% 0.00% 7.70% 12.96%
Derivative
0.07% -0.13% 0.07% 1.85%
Securitized
0.00% 0.00% 0.18% 9.26%
Government
0.00% -23.67% 2.69% 5.56%

Bond Geographic Breakdown

Weighting Return Low Return High NSIOX % Rank
US
95.00% 65.78% 147.50% 38.89%
Non US
3.79% 0.00% 33.51% 14.81%

NSIOX - Expenses

Operational Fees

NSIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.01% 2.58% 60.00%
Management Fee 0.51% 0.00% 1.60% 72.73%
12b-1 Fee 0.00% 0.00% 1.00% 5.00%
Administrative Fee N/A 0.01% 0.34% N/A

Sales Fees

NSIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.50% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

NSIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Turnover 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.

NSIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.00% 7.00% 298.00% 83.33%

NSIOX - Distributions

Dividend Yield Analysis

NSIOX Category Low Category High NSIOX % Rank
Dividend Yield 0.88% 0.00% 3.63% 70.91%

Dividend Distribution Analysis

NSIOX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

NSIOX Category Low Category High NSIOX % Rank
Net Income Ratio 3.55% 0.92% 7.16% 44.00%

Capital Gain Distribution Analysis

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

NSIOX - Managers

Timothy T. Ryan

Manager

Start Date

Tenure

Tenure Rank

Dec 16, 2014

4.79

4.8%

Timothy T. Ryan, CFA, is Senior Vice President and Portfolio Manager at Nuveen Asset Management. He began his municipal career in 1983 in public finance, later switching to asset management in 1991. From 2003 until he joined Nuveen Asset Management in 2010, he was a vice-president and head of the municipal unit at State Street Global Advisors. Mr. Ryan holds the Chartered Financial Analyst designation.


John V. Miller

Manager

Start Date

Tenure

Tenure Rank

Dec 16, 2014

4.79

4.8%

John V. Miller, CFA, is Managing Director and Co-Head of Fixed Income at Nuveen Asset Management. Before being named to co-head of fixed income in 2011, he was chief investment officer for the firm’s municipal bond team starting in 2007. He was named a managing director and head of portfolio management for Nuveen Asset Management in 2006. Mr. Miller became a portfolio manager in 2000 after starting at the firm as a municipal credit analyst in 1996. He began working in the financial industry at a private account management firm in 1993. Mr. Miller earned a B.A. in Economics and Political Science from Duke University, an M.A. in Economics from Northwestern University, and an M.B.A. with honors in Finance from the University of Chicago.


Tenure Analysis

Category Low

0.0

Category High

14.76

Category Average

4.89

Category Mode

7.37