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Trending ETFs

Nuveen All-American Municipal Bond Fund

mutual fund
FAAWX
Payout Change
No Change
Price as of:
$10.13 +0.0 +0.0%
primary theme
Municipal Bond
share class
A (FLAAX) I (FAARX) C (FACCX) R6 (FAAWX)
FAAWX (Mutual Fund)

Nuveen All-American Municipal Bond Fund

Payout Change
No Change
Price as of:
$10.13 +0.0 +0.0%
primary theme
Municipal Bond
share class
A (FLAAX) I (FAARX) C (FACCX) R6 (FAAWX)
FAAWX (Mutual Fund)

Nuveen All-American Municipal Bond Fund

Payout Change
No Change
Price as of:
$10.13 +0.0 +0.0%
primary theme
Municipal Bond
share class
A (FLAAX) I (FAARX) C (FACCX) R6 (FAAWX)

Name

As of 12/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nuveen All-American Municipal Bond Fund

FAAWX | Fund

$10.13

$4.38 B

4.38%

$0.44

0.53%

Vitals

YTD Return

2.3%

1 yr return

2.6%

3 Yr Avg Return

-2.9%

5 Yr Avg Return

0.2%

Net Assets

$4.38 B

Holdings in Top 10

8.4%

52 WEEK LOW AND HIGH

$10.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.53%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Nuveen All-American Municipal Bond Fund

FAAWX | Fund

$10.13

$4.38 B

4.38%

$0.44

0.53%

FAAWX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return -2.9%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.04%
DIVIDENDS
  • Dividend Yield 4.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen All-American Municipal Bond Fund
  • Fund Family Name
    Nuveen Funds
  • Inception Date
    Jun 30, 2016
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Miller

Fund Description

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. Regular federal personal income tax is different from, and does not include, the federal alternative minimum tax. These municipal bonds include obligations issued by U.S. states and their subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories (such as Puerto Rico, the U.S. Virgin Islands and Guam) that pay interest that is exempt from regular federal personal income tax. The Fund may invest without limit in securities that generate income subject to the alternative minimum tax on individuals. For tax years beginning after December 31, 2022, income received from the Fund’s municipal bonds may affect the federal corporate alternative minimum tax for certain corporations. The Fund is a long-term bond fund and, as such, will generally maintain, under normal market conditions, an investment portfolio with an overall weighted average maturity of greater than 10 years.
Under normal market conditions, the Fund 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.
The Fund may invest in all types of municipal bonds, including general obligation bonds, revenue bonds and participation interests in municipal leases. The Fund may invest in zero coupon bonds, which are issued at substantial discounts from their value at maturity and pay no cash income to their holders until they mature.
The Fund may invest up to 15% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates (“inverse floaters”). Inverse floaters are derivative securities that provide leveraged exposure to underlying municipal bonds. The Fund’s investments in inverse floaters are designed to increase the Fund’s income and returns through this leveraged exposure. These investments are speculative, however, and also create the possibility that income and returns will be diminished.
The Fund may utilize the following derivatives: futures contracts; options on futures contracts; swap agreements, including interest rate swaps, and options on swap agreements. The Fund may use these derivatives in an attempt to manage market risk, credit risk and yield curve risk, and to manage the effective maturity or duration of securities in the Fund’s portfolio.
The Fund’s sub-adviser uses a value-oriented strategy and looks for higher-yielding and undervalued municipal bonds that offer above-average total return. The sub-adviser may choose to sell municipal bonds with deteriorating credit or limited upside potential compared to other available bonds.
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FAAWX - Performance

Return Ranking - Trailing

Period FAAWX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -7.3% 38.7% 25.59%
1 Yr 2.6% -7.5% 38.2% 15.51%
3 Yr -2.9%* -11.8% 5.2% 94.13%
5 Yr 0.2%* -7.4% 1103.2% 75.40%
10 Yr N/A* -1.0% 248.8% 15.43%

* Annualized

Return Ranking - Calendar

Period FAAWX Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -1.4% 41.0% 53.74%
2022 -19.0% -39.7% 0.3% 95.36%
2021 1.1% -5.6% 6.9% 8.25%
2020 2.3% -2.6% 310.0% 23.95%
2019 5.1% 0.0% 26.0% 12.10%

Total Return Ranking - Trailing

Period FAAWX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -7.3% 38.7% 25.59%
1 Yr 2.6% -7.5% 38.2% 15.51%
3 Yr -2.9%* -11.8% 5.2% 94.13%
5 Yr 0.2%* -7.4% 1103.2% 75.40%
10 Yr N/A* -1.0% 248.8% 16.57%

* Annualized

Total Return Ranking - Calendar

Period FAAWX Return Category Return Low Category Return High Rank in Category (%)
2023 6.7% -1.3% 41.0% 24.11%
2022 -16.2% -39.7% 1.1% 94.81%
2021 4.2% -4.8% 23761504.0% 5.91%
2020 6.1% -1.5% 17057.9% 6.09%
2019 9.3% 0.2% 3514.6% 5.11%

NAV & Total Return History

FAAWX - Holdings

Concentration Analysis

FAAWX Category Low Category High FAAWX % Rank
Net Assets 4.38 B 3.22 M 71.9 B 8.47%
Number of Holdings 934 4 13418 11.75%
Net Assets in Top 10 358 M -317 M 3.09 B 9.74%
Weighting of Top 10 8.36% 1.8% 100.3% 86.16%

Top 10 Holdings

  1. Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2016 1.65%
  2. Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Forty-Fourth Series 2024 0.92%
  3. Oklahoma State Turnpike Authority, Turnpike System Revenue Bonds, Second Senior Series 2023 0.90%
  4. Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016A 0.84%
  5. Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Series 2024A 0.78%
  6. Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Refunding Series 2022 0.70%
  7. Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1 0.68%
  8. California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A 0.65%
  9. Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2017B-1 0.61%
  10. Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2024A 0.61%

Asset Allocation

Weighting Return Low Return High FAAWX % Rank
Bonds 		102.79% 0.00% 150.86% 5.57%
Stocks 		0.00% 0.00% 99.77% 62.21%
Preferred Stocks 		0.00% 0.00% 0.07% 55.81%
Convertible Bonds 		0.00% 0.00% 0.93% 55.36%
Cash 		0.00% -50.86% 44.62% 92.08%
Other 		-0.13% -3.69% 53.54% 98.72%

Bond Sector Breakdown

Weighting Return Low Return High FAAWX % Rank
Municipal 		100.00% 44.39% 100.00% 5.19%
Cash & Equivalents 		0.00% 0.00% 44.41% 81.46%
Securitized 		0.00% 0.00% 5.93% 55.63%
Corporate 		0.00% 0.00% 9.41% 63.12%
Government 		0.00% 0.00% 52.02% 58.60%
Derivative 		-0.13% -3.69% 53.54% 98.72%

Bond Geographic Breakdown

Weighting Return Low Return High FAAWX % Rank
US 		102.79% 0.00% 142.23% 5.57%
Non US 		0.00% 0.00% 23.89% 57.76%

FAAWX - Expenses

Operational Fees

FAAWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% 0.01% 8.02% 78.97%
Management Fee 0.41% 0.00% 1.20% 46.24%
12b-1 Fee 0.00% 0.00% 1.00% 8.37%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

FAAWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

FAAWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FAAWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 0.00% 283.00% 74.82%

FAAWX - Distributions

Dividend Yield Analysis

FAAWX Category Low Category High FAAWX % Rank
Dividend Yield 4.38% 0.00% 14.51% 3.02%

Dividend Distribution Analysis

FAAWX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FAAWX Category Low Category High FAAWX % Rank
Net Income Ratio 3.04% -0.53% 5.33% 6.39%

Capital Gain Distribution Analysis

FAAWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

FAAWX - Fund Manager Analysis

Managers

John Miller

Start Date

Tenure

Tenure Rank

Dec 06, 2010

11.49

11.5%

John leads the municipals fixed income strategic direction and investment perspectives for Nuveen. He also manages several municipal bond strategies and closed-end funds. John is a trusted public voice in discussing key issues and trends within the municipal market. He is a frequent guest on CNBC, Bloomberg Television and Fox Business News. His perspective is often sought out by leading industry media such as The Wall Street Journal, Barron’s, Bloomberg News and Morningstar. Before being named the co-head of fixed income in 2011, he was chief investment officer for the firm’s municipal bond team starting in 2007. He was named a managing director and head of portfolio management for Nuveen Asset Management in 2006. John became a portfolio manager in 2000 after starting at the firm as a municipal credit analyst in 1996. He began working in the financial industry at a private account management firm in 1993. John earned a B.A. in Economics and Political Science from Duke University, an M.A. in Economics from Northwestern University and an M.B.A. in Finance with honors from the University of Chicago. He holds the Chartered Financial Analyst designation and is a member of the CFA institute and the CFA society of Chicago. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA institute.

Timothy Ryan

Start Date

Tenure

Tenure Rank

Nov 08, 2016

5.56

5.6%

Timothy T. Ryan, CFA, is a Managing Director and Portfolio Manager at Nuveen Asset Management. Mr. Ryan joined an affiliate of Nuveen Asset Management in 2010. Prior to joining Nuveen Asset Management, Mr. Ryan was a principal of SSGA FM and a Vice President of SSGA and responsible for managing the series of the Trust that invest primarily in municipal securities. Prior to joining SSGA, Mr. Ryan was a lead portfolio manager in the municipal bond group at Deutsche Bank Asset Management, formally Scudder Insurance Asset Management. His clients included nuclear decommissioning trusts, insurance portfolios and corporate cash. Mr. Ryan began working at Deutsche Bank in 1991 as a municipal bond analyst covering high yield, transportation, higher education, general obligation, and money market sectors. He joined Deutsche Bank with 8 years of experience as vice president and investment banker at Mesirow Financial and vice president and financial consultant at Speer Financial. Mr. Ryan has a BS from University of Wisconsin and a Master of Management from JL Kellogg Graduate School of Management Northwestern University. Mr. Ryan has earned the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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