Nuveen Wisconsin Municipal Bond Fund (FWIAX)
The investment seeks to provide the investors with as high a level of current interest income exempt from regular federal, Wisconsin State and, in some cases, Wisconsin local income taxes as is consistent with preservation of capital. 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. It 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 | US67065R7219 |
|---|---|
| CUSIP | 67065R721 |
| Issuer | Nuveen |
| Inception Date | May 31, 1994 |
| Category | Municipal Bonds |
| Min. Investment | $3,000 |
| Asset Class | Bond |
Expense Ratio
FWIAX has a high expense ratio of 0.84%, 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 Wisconsin 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 Wisconsin Municipal Bond Fund had a return of 2.54% year-to-date (YTD) and 6.39% in the last 12 months. Over the past 10 years, Nuveen Wisconsin Municipal Bond Fund had an annualized return of 2.71%, while the S&P 500 had an annualized return of 10.90%, indicating that Nuveen Wisconsin Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.54% | 11.05% |
| 1 month | 2.80% | 4.86% |
| 6 months | 8.42% | 17.50% |
| 1 year | 6.39% | 27.37% |
| 5 years (annualized) | 1.74% | 13.14% |
| 10 years (annualized) | 2.71% | 10.90% |
Monthly Returns
The table below presents the monthly returns of FWIAX, 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% | 0.56% | 0.20% | -0.71% | 2.54% | ||||||||
| 2023 | 3.04% | -3.21% | 2.14% | -0.23% | -1.04% | 1.11% | -0.02% | -1.77% | -3.17% | -1.87% | 8.06% | 2.63% | 5.23% |
| 2022 | -2.18% | -0.49% | -1.97% | -3.53% | 1.05% | -3.44% | 4.33% | -2.27% | -5.43% | -0.99% | 5.45% | -0.03% | -9.59% |
| 2021 | 0.70% | -1.29% | 0.71% | 1.07% | 0.61% | 1.15% | 0.78% | -0.12% | -0.74% | 0.09% | 1.30% | -0.03% | 4.28% |
| 2020 | 1.76% | 1.48% | -5.39% | -1.75% | 3.22% | 1.46% | 0.52% | -0.40% | 0.24% | -0.32% | 2.02% | 0.98% | 3.61% |
| 2019 | 0.84% | 0.65% | 1.50% | 0.26% | 1.20% | 0.54% | 0.44% | 1.41% | -0.43% | 0.12% | 0.30% | 0.48% | 7.53% |
| 2018 | -1.24% | -0.40% | 0.37% | 0.08% | 1.33% | 0.27% | 0.36% | 0.27% | -0.30% | -0.69% | 0.76% | 1.04% | 1.82% |
| 2017 | 0.08% | 0.27% | 0.37% | 0.94% | 1.41% | -0.02% | 0.64% | 0.64% | -0.49% | 0.36% | -0.11% | 0.94% | 5.14% |
| 2016 | 0.95% | 0.11% | 0.39% | 0.75% | 0.55% | 1.91% | -0.45% | 0.27% | -0.45% | -0.91% | -4.51% | 0.70% | -0.83% |
| 2015 | 1.87% | -0.88% | 0.49% | -0.52% | -0.34% | -0.25% | 0.59% | 0.40% | 0.59% | 0.31% | 0.59% | 0.77% | 3.63% |
| 2014 | 2.43% | 1.31% | 0.62% | 1.58% | 1.94% | 0.04% | 0.23% | 1.64% | 0.22% | 0.97% | 0.21% | 0.78% | 12.61% |
| 2013 | 1.02% | 0.39% | -1.13% | 1.57% | -1.22% | -4.33% | -1.78% | -2.89% | 2.24% | 1.02% | -0.35% | -0.75% | -6.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FWIAX is 32, 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.
FWIAX (Nuveen Wisconsin Municipal Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen Wisconsin Municipal Bond Fund (FWIAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuveen Wisconsin Municipal Bond Fund granted a 3.13% dividend yield in the last twelve months. The annual payout for that period amounted to $0.32 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.32 | $0.32 | $0.32 | $0.30 | $0.31 | $0.34 | $0.34 | $0.37 | $0.40 | $0.41 | $0.40 |
Dividend yield | 3.13% | 3.27% | 3.32% | 2.91% | 2.77% | 2.82% | 3.21% | 3.17% | 3.55% | 3.64% | 3.75% | 3.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Wisconsin 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 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 | $0.32 |
| 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 | $0.32 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.31 |
| 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 | $0.34 |
| 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 | $0.34 |
| 2016 | $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 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
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 Wisconsin 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 Wisconsin Municipal Bond Fund was 15.05%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Nuveen Wisconsin Municipal Bond Fund drawdown is 2.56%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.05% | Dec 6, 2021 | 223 | Oct 24, 2022 | — | — | — |
| -14.54% | Jan 22, 2008 | 187 | Oct 16, 2008 | 127 | Apr 21, 2009 | 314 |
| -12.86% | Mar 10, 2020 | 9 | Mar 20, 2020 | 197 | Dec 30, 2020 | 206 |
| -10.75% | Dec 10, 2012 | 189 | Sep 10, 2013 | 233 | Aug 13, 2014 | 422 |
| -8.08% | Apr 30, 1999 | 191 | Jan 24, 2000 | 136 | Aug 8, 2000 | 327 |
Volatility
Volatility Chart
The current Nuveen Wisconsin Municipal Bond Fund volatility is 1.37%, 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.