NTCCX: Nuveen Minnesota Municipal Bond Fund - MutualFunds.com

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Nuveen Minnesota Municipal Bond C

NTCCX - Snapshot

Vitals

  • YTD Return -0.3%
  • 3 Yr Annualized Return 3.0%
  • 5 Yr Annualized Return 2.7%
  • Net Assets $649 M
  • Holdings in Top 10 15.0%

52 WEEK LOW AND HIGH

$11.92
$10.83
$12.27

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.59%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 13.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Minnesota

Compare NTCCX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.64

0.00%

$78.20 B

0.00%

$0.00

1.17%

0.17%

$11.21

0.00%

$32.33 B

0.00%

$0.00

1.17%

0.17%

$13.38

0.00%

$24.21 B

0.00%

$0.00

0.38%

0.52%

$15.93

0.00%

$19.35 B

0.00%

$0.00

0.50%

0.17%

$115.26

+0.01%

$17.86 B

-

-

1.33%

0.07%

NTCCX - Profile

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.88%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Minnesota Municipal Bond Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Feb 10, 2014
  • Shares Outstanding
    2831980
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christopher Drahn

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 Minnesota personal income tax.


NTCCX - Performance

Return Ranking - Trailing

Period NTCCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -8.5% 300.4% 61.46%
1 Yr 2.0% -5.9% 6.6% 71.61%
3 Yr 3.0%* -0.9% 7.4% 68.47%
5 Yr 2.7%* -0.2% 7.0% 65.47%
10 Yr 3.4%* -0.1% 8.1% 45.50%

* Annualized

Return Ranking - Calendar

Period NTCCX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% -0.3% 15.4% 27.71%
2018 -2.6% -10.3% 97.2% 72.13%
2017 3.1% -100.0% 7.6% 12.22%
2016 -3.6% -7.9% 96.8% 83.82%
2015 0.3% -4.8% 3.0% 19.36%

Total Return Ranking - Trailing

Period NTCCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -9.2% 300.4% 61.35%
1 Yr 1.0% -8.7% 6.6% 66.00%
3 Yr 3.0%* -2.4% 7.4% 52.65%
5 Yr 2.7%* -1.4% 7.0% 54.18%
10 Yr 3.4%* -0.5% 8.1% 40.91%

* Annualized

Total Return Ranking - Calendar

Period NTCCX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% -0.3% 15.4% 28.18%
2018 -2.6% -10.3% 11.0% 73.96%
2017 3.2% -100.0% 7.6% 12.90%
2016 -3.6% -7.9% 3.0% 85.90%
2015 0.3% -4.8% 4.0% 24.54%

NAV & Total Return History


NTCCX - Holdings

Concentration Analysis

NTCCX Category Low Category High NTCCX % Rank
Net Assets 649 M 617 K 78.2 B 39.25%
Number of Holdings 394 3 10083 28.12%
Net Assets in Top 10 95.4 M -202 M 4.54 B 42.63%
Weighting of Top 10 15.01% 2.4% 99.7% 65.17%

Top 10 Holdings

  1. WESTERN MINN MUN PWR AGY MINN PWR SUPPLY REV 5% 2.65%
  2. SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 0% 1.62%
  3. BEMIDJI MINN 6% 1.60%
  4. ST PAUL MINN HSG & REDEV AUTH HEALTH CARE FAC REV 5% 1.50%
  5. MINNESOTA ST 4% 1.41%
  6. MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% 1.35%
  7. MINNEAPOLIS MINN HEALTH CARE SYS REV 5% 1.32%
  8. MINNEAPOLIS MINN HEALTH CARE SYS REV 0.1% 1.26%
  9. DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5% 1.21%
  10. SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 0% 1.08%

Asset Allocation

Weighting Return Low Return High NTCCX % Rank
Bonds
100.13% 65.51% 149.06% 10.59%
Stocks
0.00% 0.00% 1.67% 90.25%
Preferred Stocks
0.00% -0.98% 1.04% 89.63%
Other
0.00% -1.48% 12.83% 89.74%
Convertible Bonds
0.00% 0.00% 1.83% 90.14%
Cash
-0.14% -49.07% 34.49% 89.74%

Bond Sector Breakdown

Weighting Return Low Return High NTCCX % Rank
Municipal
99.98% 49.08% 100.00% 14.85%
Cash & Equivalents
0.02% 0.00% 34.49% 82.94%
Derivative
0.00% 0.00% 2.16% 89.97%
Securitized
0.00% 0.00% 6.06% 90.53%
Corporate
0.00% 0.00% 13.25% 92.97%
Government
0.00% 0.00% 49.86% 91.61%

Bond Geographic Breakdown

Weighting Return Low Return High NTCCX % Rank
US
99.11% 65.51% 142.92% 23.19%
Non US
1.02% 0.00% 27.43% 45.75%

NTCCX - Expenses

Operational Fees

NTCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.59% 0.01% 4.01% 15.59%
Management Fee 0.50% 0.00% 1.10% 81.96%
12b-1 Fee 1.00% 0.00% 1.00% 96.96%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

NTCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 88.79%

Trading Fees

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

NTCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.00% 0.00% 235.00% 26.62%

NTCCX - Distributions

Dividend Yield Analysis

NTCCX Category Low Category High NTCCX % Rank
Dividend Yield 0.00% 0.00% 3.82% 90.76%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

NTCCX Category Low Category High NTCCX % Rank
Net Income Ratio 1.88% 0.04% 6.48% 78.52%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

NTCCX - Fund Manager Analysis

Managers

Christopher Drahn


Start Date

Tenure

Tenure Rank

Nov 08, 2016

3.9

3.9%

Chris manages tax-exempt fixed income portfolios, including the Short Term Municipal Bond, the Colorado Municipal Bond, the Minnesota Municipal Bond, the Minnesota Intermediate Municipal Bond and the Missouri Municipal Bond products and related institutional portfolios. He also oversees various closed-end funds.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.85 8.29 2.76