Nuveen Dividend Advantage Muni Fund 2 (Nuveen Dividend Advantage Muni Fund 2) Return-on-Tangible-Equity : 4.40% (As of Oct. 2015)

Nuveen Dividend Advantage Muni Fund 2 Return-on-Tangible-Equity Chart

Nuveen Dividend Advantage Muni Fund 2 Semi-Annual Data
	Apr10	Oct10	Apr11	Oct11	Apr12	Oct12	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15
Return-on-Tangible-Equity	Get a 7-Day Free Trial							-17.70	14.99	12.49	5.31	4.40

Competitive Comparison of Nuveen Dividend Advantage Muni Fund 2's Return-on-Tangible-Equity

For the Asset Management subindustry, Nuveen Dividend Advantage Muni Fund 2's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nuveen Dividend Advantage Muni Fund 2's Return-on-Tangible-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Dividend Advantage Muni Fund 2's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Nuveen Dividend Advantage Muni Fund 2's Return-on-Tangible-Equity falls into.

Nuveen Dividend Advantage Muni Fund 2 Return-on-Tangible-Equity Calculation

Nuveen Dividend Advantage Muni Fund 2's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2015 is calculated as

Nuveen Dividend Advantage Muni Fund 2's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2015 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Oct. 2015) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Nuveen Dividend Advantage Muni Fund 2  (AMEX:NXZ) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.

Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.

Nuveen Dividend Advantage Muni Fund 2 Return-on-Tangible-Equity Related Terms

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Nuveen Dividend Advantage Muni Fund 2 (Nuveen Dividend Advantage Muni Fund 2) Business Description