The investment seeks to provide maximum current income that is exempt from both federal income tax and Colorado state income tax to the extent consistent with prudent investment risk. The fund invests at least 80% of net assets (plus the amount of any borrowings for investment purposes) in municipal securities that pay interest that is exempt from federal and Colorado income tax, including federal and state alternative minimum tax. It may invest up to 20% of net assets in taxable obligations. The fund attempts to maintain the weighted average maturity of its portfolio securities at ten to twenty-five years under normal market conditions. It is non-diversified.
Fund filings (PDF) »

Asset manager:
Christopher Drahn (Started: Feb 1, 2000)

Advisor Company:
Nuveen Fund Advisors, Inc.
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	2.12	1.28	-0.95	-0.57
Beta*	1.05	1.07	1.14	1.14
Mean annual return	1.21	0.80	0.43	0.44
R-squared*	90.99	96.90	88.20	91.24
Standard deviation	3.50	4.77	6.44	5.60
Sharpe ratio	4.14	1.98	0.62	0.59
* Against standard index

Risk measurement details »

Security	Net Assets
Boulder Larimer & Weld Cntys C Go Bds 5%	4.04%
Gunnison Watershed Colo Sch Di Go 5.25%	3.70%
Denver Colo City & Cnty Hsg Au Cap 4.55%	2.84%
Adams St College Colo Auxiliar Rev 5.5%	2.71%
Colorado St Higher Ed Cap Cons Cops 5.5%	2.53%
Colorado Springs Colo Utils Re Util 5.5%	2.41%
Arkansas River Pwr Auth 6.125%	2.37%
E 470 Pub Hwy Auth	2.21%
Adams Cnty Colo Sch Dist 6.25%	2.19%
Gunnison Watershed Colo Sch Di Go 5.25%	2.12%

Holdings Performance »