About NMVAX
Nuveen Virginia Municipal Bond Fund Class I is a mutual fund focused on providing tax-advantaged current income, primarily through investment in investment-grade municipal bonds issued by entities within the Commonwealth of Virginia. The fund’s primary objective is to deliver a high level of interest income that is generally exempt from federal, Virginia state, and, in some circumstances, local income taxes. This makes it particularly relevant for investors seeking income while minimizing tax liabilities, especially residents of Virginia.
The portfolio consists largely of bonds with a credit rating of BBB/Baa or higher, emphasizing credit quality and capital preservation. The fund is structured to invest at least 80% of its net assets in Virginia municipal securities, which support public infrastructure, transportation, healthcare, and educational projects across the state. With a long-duration profile, it targets investors with a medium- to long-term investment horizon. The fund distributes income monthly, catering to those who prefer consistent cash flow. As part of the municipal bond segment, Nuveen Virginia Municipal Bond Fund Class I plays a significant role in both supporting public finance in Virginia and serving investors with tax-sensitive income needs.
Fund Family Nuveen
Category VA Municipal Debt
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol NMVAX
Share Class - Class I
Index S&P Municipal Bond TR USD
NMVAX had a total return of -1.66% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.73%.
