- What does FVATX invest in?
- The primary objective of this fund is to deliver a substantial level of current income that is exempt from federal, Virginia state, and in some instances, local Virginia income taxes, all while safeguarding the initial capital. In typical market environments, the fund commits at least 80% of its net assets to municipal bonds of investment-grade quality. Such bonds must possess a rating of BBB/Baa or higher from at least one independent agency when purchased, or, if unrated, be assessed by the fund's sub-adviser as having comparable creditworthiness. The portfolio retains the flexibility to allocate up to 20% of its net assets to municipal bonds that are rated below investment grade, commonly referred to as "high-yield" or "junk" bonds.
- What is the expense ratio of FVATX?
- Nuveen Flagship Virginia Muni Bd Fd Cl A (FVATX) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FVATX's dividend yield?
- FVATX's trailing-twelve-month yield is 3.71%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FVATX?
- Effective duration measures FVATX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FVATX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FVATX?
- FVATX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of FVATX?
- Yield to maturity (YTM) is the total return you'd earn from FVATX if every bond in the portfolio is held to maturity at the current price. FVATX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
