Nuveen Flagship Virginia Muni Bd Fd Cl A
FVATX
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USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- John Nuveen & Co Inc Chicago IL United States of America 60606
- IPO Date
- Mar 27, 1986
- CIK
- 0001018972
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen Flagship Virginia Municipal Bond Fund Class A (FVATX) is an open-end mutual fund that seeks a high level of current interest income exempt from regular federal, Virginia state, and in some cases Virginia local income taxes, while preserving capital; it invests at least 80% of its net assets in investment-grade municipal bonds rated BBB/Baa or higher (or unrated bonds of comparable quality) that are issued by Virginia state and local governments, healthcare facilities, transportation authorities, universities, and small business financing entities; up to 20% may be allocated to below-investment-grade high-yield municipal bonds. The fund's portfolio is diversified across municipal tax-exempt securities (96.13%), with top holdings including Washington D.C. Metropolitan Area Transit Authority revenue bonds, University of Virginia university revenues, Metropolitan Washington Airports Authority Dulles Toll Road revenues, and Virginia Small Business Financing Authority healthcare facilities revenues; it maintains approximately 89% in U.S. bonds, 7% in non-U.S. bonds, and 4% in cash equivalents; Class A shares feature a 4.20% front-end load, 0.75% net expense ratio, and minimum initial investment of $2,500. Launched on March 27, 1986, and domiciled in the United States, the fund is managed by Nuveen Fund Advisors, LLC, with Stephen Candido since May 31, 2016, and Michael Hamilton since October 13, 2023; as of recent data, total net assets stand at $516.65 million, with the Class A share class at $188.58 million. Nuveen, the fund sponsor headquartered at 333 West Wacker Drive, Chicago, IL, part of TIAA with over $1.3 trillion in assets under management, reorganized certain TIAA-CREF funds to Nuveen names effective May 1, 2024; in January 2025, it launched two active municipal bond ETFs (NUMI and NHYM) expanding its tax-exempt income offerings; in October 2025, Nuveen introduced a Global Multi-Asset Infrastructure Platform to accelerate growth in its $340 billion private markets business, alongside a Global Private Capital Platform partnership with Hunter Point Capital and Temasek.