Nuveen Louisiana Municipal Bond Fund (FTLAX)
The fund normally 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 | US67065P8813 |
|---|---|
| CUSIP | 67065P881 |
| Issuer | Nuveen |
| Inception Date | Sep 11, 1989 |
| Category | Municipal Bonds |
| Min. Investment | $3,000 |
| Asset Class | Bond |
Expense Ratio
FTLAX has a high expense ratio of 0.79%, 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 Louisiana 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 Louisiana Municipal Bond Fund had a return of 0.87% year-to-date (YTD) and 4.59% in the last 12 months. Over the past 10 years, Nuveen Louisiana Municipal Bond Fund had an annualized return of 2.67%, while the S&P 500 had an annualized return of 10.97%, indicating that Nuveen Louisiana Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.87% | 11.29% |
| 1 month | 1.19% | 4.87% |
| 6 months | 6.43% | 17.88% |
| 1 year | 4.59% | 29.16% |
| 5 years (annualized) | 1.64% | 13.20% |
| 10 years (annualized) | 2.67% | 10.97% |
Monthly Returns
The table below presents the monthly returns of FTLAX, 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 | 0.05% | 0.33% | -0.09% | -0.83% | 0.87% | ||||||||
| 2023 | 2.93% | -2.31% | 1.68% | 0.04% | -0.62% | 1.00% | 0.23% | -1.20% | -3.24% | -1.86% | 7.43% | 2.44% | 6.26% |
| 2022 | -2.14% | -0.62% | -2.65% | -2.73% | 0.85% | -2.60% | 3.19% | -2.02% | -4.44% | -0.97% | 5.18% | -0.16% | -9.12% |
| 2021 | 0.84% | -1.01% | 0.82% | 1.08% | 0.63% | 0.63% | 0.63% | -0.24% | -0.67% | -0.00% | 1.22% | 0.08% | 4.06% |
| 2020 | 1.83% | 1.29% | -4.30% | -1.72% | 2.55% | 1.15% | 0.70% | -0.30% | 0.41% | -0.12% | 1.75% | 0.93% | 4.07% |
| 2019 | 0.73% | 0.72% | 1.44% | 0.44% | 1.25% | 0.35% | 0.61% | 1.49% | -0.61% | 0.08% | 0.08% | 0.25% | 7.03% |
| 2018 | -1.06% | -0.35% | 0.28% | -0.08% | 1.38% | 0.10% | 0.28% | 0.18% | -0.46% | -0.73% | 0.74% | 1.01% | 1.26% |
| 2017 | 0.39% | 0.29% | 0.29% | 1.12% | 1.74% | -0.07% | 0.47% | 0.91% | -0.34% | 0.11% | 0.01% | 0.91% | 5.97% |
| 2016 | 0.84% | -0.12% | 0.66% | 0.83% | 0.47% | 1.58% | -0.22% | 0.27% | -0.58% | -1.02% | -4.69% | 0.66% | -1.45% |
| 2015 | 2.15% | -1.14% | 0.67% | -0.72% | -0.11% | -0.20% | 0.68% | 0.33% | 0.59% | 0.32% | 0.58% | 0.75% | 3.94% |
| 2014 | 2.22% | 1.26% | 0.60% | 1.52% | 1.87% | 0.24% | 0.15% | 1.58% | 0.42% | 0.85% | 0.15% | 1.03% | 12.53% |
| 2013 | 0.66% | 0.31% | -0.64% | 1.19% | -1.35% | -3.66% | -1.70% | -1.64% | 2.73% | 0.80% | -0.22% | -0.21% | -3.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FTLAX is 29, 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.
FTLAX (Nuveen Louisiana Municipal Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen Louisiana Municipal Bond Fund (FTLAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuveen Louisiana Municipal Bond Fund granted a 2.81% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.29 | $0.26 | $0.27 | $0.33 | $0.35 | $0.37 | $0.38 | $0.41 | $0.44 | $0.44 | $0.43 |
Dividend yield | 2.81% | 2.75% | 2.48% | 2.32% | 2.89% | 3.10% | 3.33% | 3.41% | 3.71% | 3.85% | 3.83% | 4.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Louisiana 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.10 | |||||||
| 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 | $0.29 |
| 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 | $0.26 |
| 2021 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 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 | $0.33 |
| 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 | $0.35 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 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 | $0.44 |
| 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 | $0.44 |
| 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 | $0.43 |
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 Louisiana 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 Louisiana Municipal Bond Fund was 17.06%, occurring on Dec 15, 2008. Recovery took 191 trading sessions.
The current Nuveen Louisiana Municipal Bond Fund drawdown is 2.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.06% | Jan 24, 2008 | 226 | Dec 15, 2008 | 191 | Sep 18, 2009 | 417 |
| -14% | Jan 4, 2022 | 204 | Oct 25, 2022 | — | — | — |
| -12.11% | Feb 1, 1994 | 210 | Nov 21, 1994 | 98 | Apr 6, 1995 | 308 |
| -10.71% | Mar 3, 2020 | 14 | Mar 20, 2020 | 177 | Dec 1, 2020 | 191 |
| -8.79% | May 3, 2013 | 87 | Sep 5, 2013 | 164 | May 1, 2014 | 251 |
Volatility
Volatility Chart
The current Nuveen Louisiana Municipal Bond Fund volatility is 0.76%, 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.