Nuveen Arizona Municipal Bond Fund (FAZTX)
Under normal market conditions, the fund invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher at the time of purchase by at least one independent rating agency, or, if unrated, judged by the fund's sub-adviser to be of comparable quality. The fund may invest up to 20% of its net assets in below investment grade municipal bonds, commonly referred to as "high yield" or "junk" bonds.
Fund Info
| ISIN | US67065L1044 |
|---|---|
| CUSIP | 67065L104 |
| Issuer | Nuveen |
| Inception Date | Oct 28, 1986 |
| Category | Municipal Bonds |
| Min. Investment | $3,000 |
| Asset Class | Bond |
Expense Ratio
FAZTX has a high expense ratio of 0.80%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nuveen Arizona Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Nuveen Arizona Municipal Bond Fund had a return of -0.47% year-to-date (YTD) and 2.84% in the last 12 months. Over the past 10 years, Nuveen Arizona Municipal Bond Fund had an annualized return of 2.30%, while the S&P 500 had an annualized return of 10.64%, indicating that Nuveen Arizona Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.47% | 7.50% |
| 1 month | 0.25% | -1.61% |
| 6 months | 6.94% | 17.65% |
| 1 year | 2.84% | 26.26% |
| 5 years (annualized) | 0.92% | 11.73% |
| 10 years (annualized) | 2.30% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.14% | 0.15% | -0.20% | -0.78% | ||||||||
| 2023 | -1.54% | 6.78% | 2.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FAZTX is 23, indicating that it is in the bottom 23% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Nuveen Arizona Municipal Bond Fund(FAZTX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen Arizona Municipal Bond Fund (FAZTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuveen Arizona Municipal Bond Fund granted a 2.86% dividend yield in the last twelve months. The annual payout for that period amounted to $0.29 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.27 | $0.23 | $0.23 | $0.29 | $0.29 | $0.29 | $0.31 | $0.33 | $0.37 | $0.41 | $0.42 |
Dividend yield | 2.86% | 2.68% | 2.31% | 2.00% | 2.54% | 2.65% | 2.77% | 2.81% | 3.09% | 3.41% | 3.76% | 4.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Arizona Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | ||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Nuveen Arizona Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nuveen Arizona Municipal Bond Fund was 15.27%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Nuveen Arizona Municipal Bond Fund drawdown is 6.02%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.27% | Aug 6, 2021 | 309 | Oct 25, 2022 | — | — | — |
| -15.1% | Jan 24, 2008 | 226 | Dec 15, 2008 | 179 | Sep 1, 2009 | 405 |
| -11.7% | Feb 1, 1994 | 210 | Nov 21, 1994 | 94 | Mar 31, 1995 | 304 |
| -11.38% | Mar 10, 2020 | 9 | Mar 20, 2020 | 95 | Aug 5, 2020 | 104 |
| -8.07% | Dec 10, 2012 | 188 | Sep 9, 2013 | 182 | May 30, 2014 | 370 |
Volatility
Volatility Chart
The current Nuveen Arizona Municipal Bond Fund volatility is 0.82%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.