Nuveen Pennsylvania Municipal Bond Fund (FPNTX)

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Nuveen Pennsylvania Municipal Bond Fund (FPNTX) is up 1.6% since the beginning of the year. FPNTX is currently trading at $10 per share. Investors who bought $1,000 worth of FPNTX shares 5 years ago would now be looking at an investment worth $1,030.

Nuveen Pennsylvania Municipal Bond Fund (FPNTX) has returned 1.63% so far this year and 8.59% over the past 12 months. Over the last ten years, FPNTX has returned 1.96% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Oct 29, 1986, FPNTX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +6.9%, while the worst month was Sep 2008 at -5.3%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FPNTX closed higher 39% of trading days. The best single day was Apr 1, 1987 with a return of +5.0%, while the worst single day was Mar 31, 1987 at -5.3%.

Nuveen Pennsylvania Municipal Bond Fund has an annualized alpha of 4.28%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 30, 1986.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (15.56%) than losses (3.15%) - typical of diversified or defensive assets.
• Beta of 0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FPNTX has an expense ratio of 0.76%, placing it in the medium range.

FPNTX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Nuveen Pennsylvania Municipal Bond Fund (FPNTX) and compare them to S&P 500 Index.

Nuveen Pennsylvania Municipal Bond Fund provided a 3.10% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Nuveen Pennsylvania Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Nuveen Pennsylvania 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 Pennsylvania Municipal Bond Fund was 19.11%, occurring on Oct 16, 1987. Recovery took 701 trading sessions.

The current Nuveen Pennsylvania Municipal Bond Fund drawdown is 0.69%.

The chart below shows the rolling one-month volatility.