Performance
Trailing returns
| 1 day |
| -0.08% | |||
| 1 week |
| -0.02% | |||
| 4 week |
| -0.05% | |||
| 3 month | +0.69% |
| |||
| YTD | +1.34% |
| |||
| 1 year | +4.84% |
| |||
| 3 years* | +7.26% |
| |||
| 5 years* | +5.75% |
| |||
| *annualized | |||||
| Best 3 month return | +7.83% | |
| Worst 3 month return | -9.71% |
Morningstar statistics
Morningstar category: Muni Single State Long
| Return | Risk | Rating | |
| 3 years | High | Average |
|
| 5 years | High | Above Average |
|
| 10 years | High | Above Average |
|
| Overall | High | Above Average |
|
Key statistics
| Total assets | 137.08M | |
| Front load | - | |
| Deferred load | - | |
| Expense ratio | 0.65% | |
| Management fee | - | |
| Fund family | Nuveen |
Asset allocation
| Cash | 0.00% | |
| Stocks | 0.00% | |
| Bonds | 100.00% | |
| Other | 0.00% |
Purchase information
| Initial | $100,000 |
11.47-0.02(-0.17%)
May 22, 4:00PM EDT
Overall Morningstar RatingTM
Description
The investment seeks a high level of current interest income exempt from regular federal, Louisiana state and, in some cases, Louisiana local income taxes as is consistent with preservation of capital. The fund invests at least 80% of its net assets in municipal bonds that pay interest that is exempt from regular federal and Louisiana personal income tax. It 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 is non-diversified.
Fund filings (PDF) »
Fund filings (PDF) »
Asset manager:
Steven Hlavin (Started: Jan 1, 2011)
Steven Hlavin (Started: Jan 1, 2011)
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | 0.32 | 1.10 | -0.48 | -0.61 | |
| Beta* | 1.14 | 1.05 | 1.09 | 1.11 | |
| Mean annual return | 0.51 | 0.62 | 0.51 | 0.40 | |
| R-squared* | 97.34 | 95.73 | 75.39 | 84.60 | |
| Standard deviation | 3.29 | 4.04 | 5.97 | 5.50 | |
| Sharpe ratio | 1.84 | 1.83 | 0.97 | 0.56 | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| Louisiana Pub Facs Auth 5.5% | 3.96% | |
| Louisiana Pub Facs Auth 5% | 2.77% | |
| Louisiana Pub Facs Auth 5% | 2.50% | |
| New Orleans La Go Ref Bd 5.25% | 2.48% | |
| Terrebonne Parish La Hosp Svc Rev Ref 4% | 2.31% | |
| Louisiana Pub Facs Auth 5% | 2.30% | |
| Louisiana Stad & Exposition Di Snr Re 5% | 2.07% | |
| Orleans Parish La Sch Brd Pub Sch R | 1.99% | |
| Ernest N Morial-New Orleans La Spec T 5% | 1.96% | |
| Louisiana Pub Facs Auth 5.625% | 1.93% |