Nuveen Limited Term Municipal Bond Fund (FLTDX)
The investment seeks a level of current interest income exempt from regular federal income taxes as is consistent with preservation of capital. 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 | US67065Q8481 |
---|---|
CUSIP | 67065Q848 |
Issuer | Nuveen |
Inception Date | Oct 18, 1987 |
Category | Municipal Bonds |
Min. Investment | $3,000 |
Asset Class | Bond |
Expense Ratio
FLTDX has a high expense ratio of 0.60%, 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 Limited Term 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 Limited Term Municipal Bond Fund had a return of 0.95% year-to-date (YTD) and 3.70% in the last 12 months. Over the past 10 years, Nuveen Limited Term Municipal Bond Fund had an annualized return of 1.61%, while the S&P 500 had an annualized return of 10.97%, indicating that Nuveen Limited Term Municipal Bond Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 0.95% | 11.29% |
1 month | 1.02% | 4.87% |
6 months | 3.88% | 17.88% |
1 year | 3.70% | 29.16% |
5 years (annualized) | 1.38% | 13.20% |
10 years (annualized) | 1.61% | 10.97% |
Monthly Returns
The table below presents the monthly returns of FLTDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -0.09% | 0.47% | -0.18% | -0.26% | 0.95% | ||||||||
2023 | 1.52% | -1.42% | 1.45% | -0.23% | -0.57% | 0.64% | 0.17% | -0.38% | -1.22% | -0.39% | 3.04% | 1.48% | 4.06% |
2022 | -1.69% | -0.38% | -1.64% | -1.39% | 1.00% | -0.85% | 1.76% | -1.19% | -2.32% | -0.10% | 2.31% | 0.12% | -4.38% |
2021 | 0.40% | -0.86% | 0.28% | 0.46% | 0.18% | 0.36% | 0.27% | 0.00% | -0.44% | 0.00% | 0.43% | -0.02% | 1.05% |
2020 | 1.23% | 0.78% | -3.26% | -0.10% | 2.44% | 0.88% | 0.16% | -0.10% | 0.08% | -0.28% | 0.94% | 0.66% | 3.38% |
2019 | 0.81% | 0.53% | 0.71% | 0.25% | 0.79% | 0.43% | 0.52% | 0.61% | -0.63% | 0.35% | 0.16% | 0.25% | 4.88% |
2018 | -0.31% | -0.22% | 0.06% | -0.03% | 0.80% | 0.15% | 0.43% | 0.06% | -0.21% | -0.21% | 0.44% | 0.72% | 1.70% |
2017 | 0.61% | 0.52% | 0.15% | 0.70% | 0.70% | -0.22% | 0.51% | 0.70% | -0.30% | 0.06% | -0.66% | 0.36% | 3.16% |
2016 | 0.78% | 0.24% | -0.12% | 0.33% | -0.12% | 0.78% | 0.15% | 0.05% | -0.30% | -0.40% | -2.65% | 0.25% | -1.02% |
2015 | 1.14% | -0.56% | -0.03% | -0.12% | -0.30% | -0.03% | 0.43% | 0.06% | 0.52% | 0.33% | -0.03% | 0.25% | 1.68% |
2014 | 0.97% | 0.61% | -0.47% | 0.61% | 0.52% | -0.02% | 0.07% | 0.61% | -0.11% | 0.25% | 0.06% | -0.11% | 3.05% |
2013 | 0.27% | 0.43% | -0.11% | 0.52% | -0.65% | -1.37% | -0.03% | -0.66% | 1.07% | 0.61% | -0.03% | -0.10% | -0.07% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FLTDX is 61, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
FLTDX (Nuveen Limited Term Municipal Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen Limited Term Municipal Bond Fund (FLTDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuveen Limited Term Municipal Bond Fund granted a 2.13% dividend yield in the last twelve months. The annual payout for that period amounted to $0.23 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.23 | $0.21 | $0.11 | $0.14 | $0.22 | $0.22 | $0.20 | $0.20 | $0.20 | $0.21 | $0.21 | $0.21 |
Dividend yield | 2.13% | 1.92% | 1.05% | 1.22% | 1.89% | 1.95% | 1.86% | 1.82% | 1.86% | 1.85% | 1.92% | 1.93% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Limited Term 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 | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.08 | |||||||
2023 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
2021 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.14 |
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 | $0.22 |
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 | $0.22 |
2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
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 Limited Term 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 Limited Term Municipal Bond Fund was 8.57%, occurring on Mar 20, 2020. Recovery took 97 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-8.57% | Mar 10, 2020 | 9 | Mar 20, 2020 | 97 | Aug 7, 2020 | 106 |
-7.03% | Aug 6, 2021 | 308 | Oct 24, 2022 | 390 | May 13, 2024 | 698 |
-4.48% | Sep 16, 2008 | 23 | Oct 16, 2008 | 58 | Jan 9, 2009 | 81 |
-4.18% | Feb 1, 1994 | 45 | Apr 4, 1994 | 236 | Feb 28, 1995 | 281 |
-3.65% | Mar 10, 2004 | 46 | May 13, 2004 | 89 | Sep 21, 2004 | 135 |
Volatility
Volatility Chart
The current Nuveen Limited Term Municipal Bond Fund volatility is 0.61%, 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.