Nuveen All-American Municipal Bond Fund (FLAAX)
Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal personal income tax. It invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher. 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 | US67065Q8895 |
|---|---|
| CUSIP | 67065Q889 |
| Issuer | Nuveen |
| Inception Date | Oct 2, 1988 |
| Category | Municipal Bonds |
| Min. Investment | $3,000 |
| Asset Class | Bond |
Expense Ratio
FLAAX has a high expense ratio of 0.66%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nuveen All-American 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 All-American Municipal Bond Fund had a return of 0.08% year-to-date (YTD) and 3.49% in the last 12 months. Over the past 10 years, Nuveen All-American Municipal Bond Fund had an annualized return of 2.47%, while the S&P 500 had an annualized return of 10.64%, indicating that Nuveen All-American Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.08% | 7.50% |
| 1 month | 0.32% | -1.61% |
| 6 months | 6.77% | 17.65% |
| 1 year | 3.49% | 26.26% |
| 5 years (annualized) | 0.41% | 11.73% |
| 10 years (annualized) | 2.47% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.02% | 0.32% | -0.00% | -0.75% | ||||||||
| 2023 | -1.66% | 6.05% | 2.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FLAAX is 29, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Nuveen All-American Municipal Bond Fund(FLAAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen All-American Municipal Bond Fund (FLAAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuveen All-American Municipal Bond Fund granted a 3.68% dividend yield in the last twelve months. The annual payout for that period amounted to $0.37 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.36 | $0.33 | $0.34 | $0.37 | $0.40 | $0.42 | $0.43 | $0.43 | $0.45 | $0.48 | $0.46 |
Dividend yield | 3.68% | 3.54% | 3.33% | 2.80% | 3.06% | 3.38% | 3.68% | 3.67% | 3.85% | 3.88% | 4.13% | 4.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen All-American 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 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 All-American 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 All-American Municipal Bond Fund was 21.04%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current Nuveen All-American Municipal Bond Fund drawdown is 11.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.04% | Jul 21, 2021 | 322 | Oct 26, 2022 | — | — | — |
| -18.77% | Jan 24, 2008 | 226 | Dec 15, 2008 | 180 | Sep 2, 2009 | 406 |
| -13.96% | Mar 3, 2020 | 15 | Mar 23, 2020 | 175 | Nov 30, 2020 | 190 |
| -11.67% | Feb 1, 1994 | 210 | Nov 21, 1994 | 119 | May 5, 1995 | 329 |
| -9.83% | May 3, 2013 | 87 | Sep 5, 2013 | 169 | May 8, 2014 | 256 |
Volatility
Volatility Chart
The current Nuveen All-American Municipal Bond Fund volatility is 0.96%, 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.