Nuveen WI Municipal Bond C2
Name
As of 06/04/2021Price
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
Vitals
YTD Return
0.7%
1 yr return
5.7%
3 Yr Avg Return
4.2%
5 Yr Avg Return
2.6%
Net Assets
$146 M
Holdings in Top 10
29.6%
52 WEEK LOW AND HIGH
$11.1
$10.75
$11.10
Expenses
OPERATING FEES
Expense Ratio 1.48%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 23.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/04/2021Price
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
FWICX - Profile
Distributions
- YTD Total Return 0.7%
- 3 Yr Annualized Total Return 4.2%
- 5 Yr Annualized Total Return 2.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.28%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameNuveen Wisconsin Municipal Bond Fund
-
Fund Family NameNuveen
-
Inception DateFeb 25, 1997
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
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 and Wisconsin personal income tax. These municipal bonds include obligations issued by the State of Wisconsin and its 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) or other U.S. states that pay interest that is exempt from regular federal and Wisconsin personal income tax. The Fund may invest up to 20% of its net assets in municipal bonds that are exempt from regular federal income tax, but not from Wisconsin personal income tax if, in the judgment of the Fund’s sub-adviser, such purchases are expected to enhance the Fund's after-tax total return potential. The Fund may invest without limit in securities that generate income subject to the alternative minimum tax, therefore, the Fund may not be suitable for investors subject to the federal alternative minimum tax. The Fund will generally maintain, under normal market conditions, an investment portfolio with an overall weighted average maturity in excess of 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, swap contracts, options on futures contracts and options on swap contracts. 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 long-term 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.
The Fund is primarily designed for investment by Wisconsin taxpayers.
FWICX - Performance
Return Ranking - Trailing
Period | FWICX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.7% | -88.4% | 9.1% | 46.89% |
1 Yr | 5.7% | -19.8% | 22.3% | 28.45% |
3 Yr | 4.2%* | -6.1% | 10.6% | 50.85% |
5 Yr | 2.6%* | -3.5% | 7.1% | 47.81% |
10 Yr | 3.6%* | -0.2% | 9.5% | 56.57% |
* Annualized
Return Ranking - Calendar
Period | FWICX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.7% | -91.1% | 310.0% | 72.29% |
2022 | 4.5% | -79.8% | 15.4% | 25.55% |
2021 | -1.3% | -72.6% | 97.2% | 15.95% |
2020 | 1.8% | -100.0% | 7.6% | 39.38% |
2019 | -4.2% | -35.9% | 96.8% | 87.72% |
Total Return Ranking - Trailing
Period | FWICX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.7% | -88.4% | 8.7% | 46.93% |
1 Yr | 4.7% | -23.6% | 29.0% | 29.42% |
3 Yr | 4.2%* | -6.9% | 11.3% | 40.86% |
5 Yr | 2.6%* | -4.0% | 7.1% | 36.13% |
10 Yr | 3.6%* | -0.4% | 9.5% | 52.95% |
* Annualized
Total Return Ranking - Calendar
Period | FWICX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.7% | -91.1% | 310.0% | 72.29% |
2022 | 4.5% | -79.8% | 15.4% | 25.96% |
2021 | -1.3% | -72.6% | 11.0% | 18.45% |
2020 | 1.8% | -100.0% | 7.6% | 43.72% |
2019 | -4.2% | -35.9% | 3.0% | 87.94% |
NAV & Total Return History
FWICX - Holdings
Concentration Analysis
FWICX | Category Low | Category High | FWICX % Rank | |
---|---|---|---|---|
Net Assets | 146 M | 901 K | 86.4 B | 77.82% |
Number of Holdings | 121 | 1 | 11766 | 57.69% |
Net Assets in Top 10 | 42.6 M | -241 M | 4.86 B | 46.32% |
Weighting of Top 10 | 29.55% | 2.4% | 100.0% | 38.31% |
Top 10 Holdings
- WISCONSIN HSG & ECONOMIC DEV AUTH HSG REV 3.38% 4.93%
- WISCONSIN ST HEALTH & EDL FACS AUTH REV 4% 4.59%
- WISCONSIN ST HEALTH & EDL FACS AUTH REV 5% 3.21%
- ASHWAUBENON WIS CMNTY DEV AUTH LEASE REV 0% 2.64%
- ASHWAUBENON WIS CMNTY DEV AUTH LEASE REV 3% 2.58%
- SOUTHEAST WIS PROFESSIONAL BASEBALL PK DIST SALES TAX REV 5.5% 2.58%
- WISCONSIN ST HEALTH & EDL FACS AUTH REV 4% 2.44%
- TENDER OPT BD TR RCPTS / CTFS VAR STS 17.81% 2.41%
- PUERTO RICO ELEC PWR AUTH PWR REV 5.25% 2.26%
- VIRGIN ISLANDS PUB FIN AUTH REV 5% 2.19%
Asset Allocation
Weighting | Return Low | Return High | FWICX % Rank | |
---|---|---|---|---|
Bonds | 97.80% | 51.33% | 145.79% | 68.80% |
Stocks | 2.02% | -0.08% | 2.59% | 0.40% |
Cash | 0.19% | -45.79% | 48.67% | 55.12% |
Preferred Stocks | 0.00% | -3.41% | 1.06% | 0.68% |
Other | 0.00% | -13.42% | 30.00% | 2.85% |
Convertible Bonds | 0.00% | 0.00% | 1.24% | 0.68% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FWICX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 0.00% | 12.50% |
Technology | 0.00% | 0.00% | 0.00% | 12.50% |
Real Estate | 0.00% | 0.00% | 0.00% | 12.50% |
Industrials | 0.00% | 0.00% | 100.00% | 12.50% |
Healthcare | 0.00% | 0.00% | 0.00% | 12.50% |
Financial Services | 0.00% | 0.00% | 0.00% | 12.50% |
Energy | 0.00% | 0.00% | 0.00% | 12.50% |
Communication Services | 0.00% | 0.00% | 0.00% | 12.50% |
Consumer Defense | 0.00% | 0.00% | 0.00% | 12.50% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 12.50% |
Basic Materials | 0.00% | 0.00% | 0.00% | 12.50% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FWICX % Rank | |
---|---|---|---|---|
US | 2.02% | -0.08% | 2.59% | 0.40% |
Non US | 0.00% | 0.00% | 0.00% | 0.40% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FWICX % Rank | |
---|---|---|---|---|
Municipal | 99.81% | 39.29% | 100.00% | 39.37% |
Cash & Equivalents | 0.19% | 0.00% | 48.67% | 59.26% |
Derivative | 0.00% | 0.00% | 0.10% | 0.48% |
Securitized | 0.00% | 0.00% | 7.63% | 2.21% |
Corporate | 0.00% | 0.00% | 13.54% | 16.55% |
Government | 0.00% | 0.00% | 51.02% | 4.78% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FWICX % Rank | |
---|---|---|---|---|
US | 89.49% | 0.00% | 141.11% | 89.31% |
Non US | 8.31% | 0.00% | 100.00% | 3.94% |
FWICX - Expenses
Operational Fees
FWICX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.48% | 0.01% | 4.23% | 13.55% |
Management Fee | 0.50% | 0.00% | 1.12% | 73.73% |
12b-1 Fee | 0.75% | 0.00% | 1.00% | 68.76% |
Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
FWICX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | 1.00% | 0.25% | 5.50% | 33.47% |
Trading Fees
FWICX 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.
FWICX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 23.00% | 0.00% | 299.40% | 56.24% |
FWICX - Distributions
Dividend Yield Analysis
FWICX | Category Low | Category High | FWICX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 1.75% | 4.45% |
Dividend Distribution Analysis
FWICX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FWICX | Category Low | Category High | FWICX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.28% | -1.65% | 24.00% | 47.50% |
Capital Gain Distribution Analysis
FWICX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2019 | $0.023 | |
Feb 01, 2019 | $0.023 | |
Dec 31, 2018 | $0.023 | |
Dec 03, 2018 | $0.023 | |
Oct 01, 2018 | $0.023 | |
Sep 04, 2018 | $0.023 | |
Aug 01, 2018 | $0.023 | |
Jul 02, 2018 | $0.023 | |
Jun 01, 2018 | $0.023 | |
May 01, 2018 | $0.023 | |
Apr 02, 2018 | $0.023 | |
Mar 01, 2018 | $0.023 | |
Feb 01, 2018 | $0.023 | |
Dec 29, 2017 | $0.023 | |
Dec 07, 2017 | $0.001 | |
Dec 01, 2017 | $0.023 | |
Nov 01, 2017 | $0.023 | |
Oct 02, 2017 | $0.023 | |
Sep 01, 2017 | $0.023 | |
Aug 01, 2017 | $0.023 | |
Jul 03, 2017 | $0.023 | |
Jun 01, 2017 | $0.023 | |
May 01, 2017 | $0.023 | |
Apr 03, 2017 | $0.023 | |
Mar 01, 2017 | $0.023 | |
Feb 01, 2017 | $0.023 | |
Dec 30, 2016 | $0.023 | |
Dec 07, 2016 | $0.005 | |
Dec 01, 2016 | $0.023 | |
Nov 01, 2016 | $0.025 | |
Oct 03, 2016 | $0.025 | |
Sep 01, 2016 | $0.025 | |
Aug 01, 2016 | $0.025 | |
Jul 01, 2016 | $0.025 | |
Jun 01, 2016 | $0.025 | |
May 02, 2016 | $0.027 | |
Apr 01, 2016 | $0.027 | |
Mar 01, 2016 | $0.027 | |
Feb 01, 2016 | $0.028 | |
Dec 31, 2015 | $0.028 | |
Dec 01, 2015 | $0.028 | |
Nov 02, 2015 | $0.028 | |
Oct 01, 2015 | $0.028 | |
Sep 01, 2015 | $0.028 | |
Aug 03, 2015 | $0.028 | |
Jul 01, 2015 | $0.028 | |
Jun 01, 2015 | $0.028 | |
May 01, 2015 | $0.028 | |
Apr 01, 2015 | $0.028 | |
Mar 02, 2015 | $0.028 | |
Feb 02, 2015 | $0.028 | |
Dec 31, 2014 | $0.028 | |
Dec 08, 2014 | $0.002 | |
Dec 01, 2014 | $0.028 | |
Nov 03, 2014 | $0.030 | |
Oct 01, 2014 | $0.030 | |
Sep 02, 2014 | $0.030 | |
Aug 01, 2014 | $0.030 | |
Jul 01, 2014 | $0.030 | |
Jun 02, 2014 | $0.030 | |
May 01, 2014 | $0.030 | |
Apr 01, 2014 | $0.030 | |
Mar 03, 2014 | $0.030 | |
Feb 03, 2014 | $0.030 | |
Dec 31, 2013 | $0.030 | |
Dec 02, 2013 | $0.030 | |
Nov 01, 2013 | $0.028 | |
Oct 01, 2013 | $0.028 | |
Sep 03, 2013 | $0.028 | |
Aug 01, 2013 | $0.028 | |
Jun 03, 2013 | $0.028 | |
May 01, 2013 | $0.028 | |
Apr 01, 2013 | $0.028 | |
Mar 01, 2013 | $0.028 | |
Feb 01, 2013 | $0.028 | |
Dec 31, 2012 | $0.028 | |
Dec 03, 2012 | $0.028 | |
Nov 01, 2012 | $0.029 | |
Oct 01, 2012 | $0.029 | |
Sep 04, 2012 | $0.029 | |
Aug 01, 2012 | $0.029 | |
Jul 02, 2012 | $0.029 | |
Jun 01, 2012 | $0.029 | |
May 01, 2012 | $0.029 | |
Apr 02, 2012 | $0.029 | |
Mar 01, 2012 | $0.029 | |
Feb 01, 2012 | $0.029 | |
Dec 30, 2011 | $0.029 | |
Dec 01, 2011 | $0.029 | |
Nov 01, 2011 | $0.029 | |
Oct 03, 2011 | $0.029 | |
Sep 01, 2011 | $0.029 | |
Aug 01, 2011 | $0.028 | |
Jul 01, 2011 | $0.028 | |
Jun 01, 2011 | $0.028 | |
May 02, 2011 | $0.028 | |
Apr 01, 2011 | $0.028 | |
Mar 01, 2011 | $0.028 | |
Feb 01, 2011 | $0.028 | |
Dec 31, 2010 | $0.028 | |
Dec 01, 2010 | $0.028 | |
Nov 01, 2010 | $0.028 | |
Oct 01, 2010 | $0.028 | |
Sep 01, 2010 | $0.028 | |
Aug 02, 2010 | $0.028 | |
Jul 01, 2010 | $0.028 | |
Jun 01, 2010 | $0.028 | |
May 03, 2010 | $0.028 | |
Apr 01, 2010 | $0.028 | |
Mar 01, 2010 | $0.028 | |
Feb 01, 2010 | $0.028 | |
Dec 28, 2009 | $0.028 | |
Dec 01, 2009 | $0.028 | |
Nov 02, 2009 | $0.028 | |
Oct 01, 2009 | $0.028 | |
Sep 01, 2009 | $0.028 | |
Aug 03, 2009 | $0.028 | |
Jul 01, 2009 | $0.028 | |
Jun 01, 2009 | $0.028 | |
May 01, 2009 | $0.028 | |
Apr 01, 2009 | $0.028 | |
Mar 02, 2009 | $0.028 | |
Feb 02, 2009 | $0.027 | |
Dec 26, 2008 | $0.027 | |
Dec 01, 2008 | $0.027 | |
Nov 03, 2008 | $0.027 | |
Oct 01, 2008 | $0.027 | |
Sep 02, 2008 | $0.027 | |
Aug 01, 2008 | $0.027 | |
Jul 01, 2008 | $0.027 | |
Jun 02, 2008 | $0.027 | |
May 01, 2008 | $0.027 | |
Apr 01, 2008 | $0.027 | |
Mar 03, 2008 | $0.027 | |
Feb 01, 2008 | $0.028 | |
Dec 27, 2007 | $0.028 | |
Dec 03, 2007 | $0.028 | |
Nov 01, 2007 | $0.028 | |
Oct 01, 2007 | $0.028 | |
Sep 04, 2007 | $0.028 | |
Aug 01, 2007 | $0.028 | |
Jul 02, 2007 | $0.028 | |
Jun 01, 2007 | $0.028 | |
May 01, 2007 | $0.028 | |
Mar 01, 2007 | $0.028 | |
Feb 01, 2007 | $0.028 | |
Dec 27, 2006 | $0.028 | |
Dec 01, 2006 | $0.028 | |
Nov 01, 2006 | $0.028 | |
Oct 02, 2006 | $0.028 | |
Sep 01, 2006 | $0.028 | |
Aug 01, 2006 | $0.028 | |
Jun 01, 2006 | $0.028 | |
May 01, 2006 | $0.028 | |
Apr 03, 2006 | $0.028 | |
Mar 01, 2006 | $0.028 | |
Feb 01, 2006 | $0.030 | |
Dec 27, 2005 | $0.030 | |
Dec 01, 2005 | $0.030 | |
Nov 01, 2005 | $0.030 | |
Oct 03, 2005 | $0.030 | |
Sep 01, 2005 | $0.030 | |
Aug 01, 2005 | $0.030 | |
Jul 01, 2005 | $0.030 | |
Jun 01, 2005 | $0.030 | |
May 02, 2005 | $0.030 | |
Apr 01, 2005 | $0.030 | |
Mar 01, 2005 | $0.030 | |
Feb 01, 2005 | $0.030 | |
Dec 27, 2004 | $0.030 | |
Dec 01, 2004 | $0.030 | |
Nov 01, 2004 | $0.030 | |
Oct 01, 2004 | $0.030 | |
Sep 01, 2004 | $0.030 | |
Aug 02, 2004 | $0.030 | |
Jul 01, 2004 | $0.030 | |
Jun 01, 2004 | $0.030 | |
May 03, 2004 | $0.032 | |
Apr 01, 2004 | $0.032 | |
Mar 01, 2004 | $0.032 | |
Feb 02, 2004 | $0.032 | |
Dec 29, 2003 | $0.032 | |
Dec 01, 2003 | $0.032 | |
Nov 03, 2003 | $0.033 | |
Oct 01, 2003 | $0.033 | |
Sep 02, 2003 | $0.033 | |
Aug 01, 2003 | $0.033 | |
Jul 01, 2003 | $0.033 | |
Jun 02, 2003 | $0.033 | |
May 01, 2003 | $0.033 | |
Mar 03, 2003 | $0.033 | |
Feb 03, 2003 | $0.033 | |
Dec 27, 2002 | $0.033 | |
Dec 02, 2002 | $0.033 | |
Nov 01, 2002 | $0.033 | |
Oct 01, 2002 | $0.033 | |
Sep 03, 2002 | $0.033 | |
Aug 01, 2002 | $0.033 | |
Jul 01, 2002 | $0.033 | |
Jun 03, 2002 | $0.033 | |
May 01, 2002 | $0.033 | |
Apr 01, 2002 | $0.033 | |
Mar 01, 2002 | $0.033 | |
Feb 01, 2002 | $0.033 | |
Dec 26, 2001 | $0.033 | |
Dec 03, 2001 | $0.033 | |
Nov 01, 2001 | $0.033 | |
Oct 01, 2001 | $0.033 | |
Sep 04, 2001 | $0.033 | |
Aug 01, 2001 | $0.033 | |
Jul 02, 2001 | $0.033 | |
Jun 01, 2001 | $0.033 | |
May 01, 2001 | $0.033 | |
Apr 02, 2001 | $0.033 | |
Mar 01, 2001 | $0.033 | |
Feb 01, 2001 | $0.033 | |
Dec 26, 2000 | $0.033 | |
Dec 01, 2000 | $0.033 | |
Nov 01, 2000 | $0.032 | |
Oct 02, 2000 | $0.032 | |
Sep 01, 2000 | $0.032 | |
Aug 01, 2000 | $0.032 | |
Jul 03, 2000 | $0.032 | |
Jun 01, 2000 | $0.032 | |
May 01, 2000 | $0.032 | |
Apr 03, 2000 | $0.032 | |
Mar 01, 2000 | $0.032 | |
Feb 01, 2000 | $0.032 | |
Dec 20, 1999 | $0.032 | |
Dec 01, 1999 | $0.032 | |
Nov 01, 1999 | $0.032 | |
Oct 01, 1999 | $0.032 | |
Sep 01, 1999 | $0.032 | |
Aug 02, 1999 | $0.034 | |
Jul 01, 1999 | $0.034 | |
Jun 01, 1999 | $0.034 | |
May 03, 1999 | $0.034 | |
Apr 01, 1999 | $0.034 | |
Mar 01, 1999 | $0.034 | |
Feb 01, 1999 | $0.034 | |
Dec 21, 1998 | $0.036 | |
Dec 01, 1998 | $0.036 | |
Nov 02, 1998 | $0.036 | |
Oct 01, 1998 | $0.036 | |
Sep 01, 1998 | $0.036 | |
Aug 03, 1998 | $0.036 | |
Jul 01, 1998 | $0.037 | |
Jun 01, 1998 | $0.037 |