Nuveen Kentucky Municipal Bond Fund (FKYTX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FKYTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FKYTX
FKYTX charges 0.77% annually. There are 367 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | FKYTX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | FKYTX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | FKYTX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | FKYTX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | FKYTX vs FSMUX |
Best Risk-Adjusted Alternatives to FKYTX
FKYTX has a PortfoliosLab risk / return rank of 56. There are 268 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | FKYTX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | FKYTX vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 99 | — | Apr 2022 | FKYTX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | FKYTX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | FKYTX vs TFCYX |
Top Performing FKYTX Alternatives (YTD)
FKYTX is at -0.40% YTD. There are 429 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.42% | — | Apr 1998 | FKYTX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 7.26% | — | Nov 2002 | FKYTX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 6.51% | — | Oct 1992 | FKYTX vs MIY | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 5.51% | 12.30B | Sep 1994 | FKYTX vs VTMFX | |
| AllianceBernstein National Municipal Income Fund | 5.23% | — | Nov 2001 | FKYTX vs AFB |
Lowest Volatility Alternatives to FKYTX
FKYTX has 3.20% 1-year volatility. There are 385 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.53%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.53% | — | Aug 2002 | FKYTX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.57% | — | Apr 2022 | FKYTX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | FKYTX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.64% | — | May 2016 | FKYTX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.64% | — | May 2016 | FKYTX vs USMSX |
Lowest Drawdown Alternatives to FKYTX
FKYTX has a 1-year max drawdown of -3.19%. There are 397 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | FKYTX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | FKYTX vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | FKYTX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | FKYTX vs FHMIX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | FKYTX vs DFABX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, TILIX and span 11 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Index Fund Class I | Large Cap Blend Equities | 75 | 12.01% | — | Jul 1999 | FKYTX vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | 64 | 12.49% | — | Jan 2007 | FKYTX vs QQQX | |
| Nuveen Large Cap Growth Index Fund R6 Class | Large Cap Growth Equities | 17 | 2.65% | — | Oct 2002 | FKYTX vs TILIX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 30 | 9.75% | — | Nov 2005 | FKYTX vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 3 | 2.40% | — | Jun 2003 | FKYTX vs JQC | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 82 | 2.06% | — | Jun 1999 | FKYTX vs NHMRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock | 71 | 1.12% | — | Dec 2006 | FKYTX vs NPSRX | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 33 | 6.10% | — | Mar 2006 | FKYTX vs NSBRX | |
| Nuveen Flexible Income Fund | Diversified Portfolio | 96 | 5.70% | — | Dec 2009 | FKYTX vs NWQIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 88 | 1.83% | — | Jan 2013 | FKYTX vs NVHIX |
Often Compared With FKYTX
Investors most often compare FKYTX with SPY, MUB, VTEB. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare FKYTX with Any Fund or Stock
Compare FKYTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FKYTX with funds that move differently
Nuveen Kentucky Municipal Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FKYTX.
Explore FKYTX Diversifiers