FKSTX: Nuveen KS Municipal Bond A

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FKSTX Nuveen KS Municipal Bond A


Profile

FKSTX - Profile

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 2.9%
  • Net Assets $282 M
  • Holdings in Top 10 18.2%

52 WEEK LOW AND HIGH

$10.84
$10.52
$10.84

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

  • Front Load 4.20%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 15.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Long

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.28%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Kansas Municipal Bond Fund Class A
  • Fund Family Name
    Nuveen
  • Inception Date
    Jan 09, 1992
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Steven Hlavin

Fund Description

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.


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Categories

Performance

FKSTX - Performance

Return Ranking - Trailing

Period FKSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% 0.0% 1.7% 39.88%
1 Yr 5.3% 0.1% 10.8% 36.50%
3 Yr 3.8%* -1.0% 6.8% 11.33%
5 Yr 2.9%* -1.4% 5.1% 11.92%
10 Yr 4.1%* -0.8% 5.4% 5.98%

* Annualized

Return Ranking - Calendar

Period FKSTX Return Category Return Low Category Return High Rank in Category (%)
2019 2.1% 0.0% 8.0% 91.99%
2018 -1.6% -4.8% 7.4% 21.84%
2017 1.0% -6.5% 3.5% 48.28%
2016 -4.1% -6.4% -0.4% 92.91%
2015 -0.1% -4.7% 1.1% 33.45%

Total Return Ranking - Trailing

Period FKSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% 0.0% 1.7% 39.88%
1 Yr 0.9% 0.1% 9.8% 97.03%
3 Yr 2.4%* -1.0% 6.8% 24.60%
5 Yr 2.0%* -1.4% 5.1% 26.16%
10 Yr 3.7%* -0.8% 5.4% 11.55%

* Annualized

Total Return Ranking - Calendar

Period FKSTX Return Category Return Low Category Return High Rank in Category (%)
2019 2.1% 0.0% 8.5% 91.99%
2018 -1.6% -4.8% 7.3% 23.10%
2017 1.1% -6.5% 4.7% 50.69%
2016 -4.0% -6.4% 0.7% 94.68%
2015 -0.1% -4.7% 4.0% 35.94%

NAV & Total Return History


Holdings

FKSTX - Holdings

Concentration Analysis

FKSTX Category Low Category High FKSTX % Rank
Net Assets 282 M 6.57 M 2.32 B 46.33%
Number of Holdings 176 32 564 32.35%
Net Assets in Top 10 50.8 M 2.78 M 336 M 54.12%
Weighting of Top 10 18.22% 9.6% 54.2% 78.82%

Top 10 Holdings

  1. OVERLAND PARK KANS DEV CORP REV 5% 2.60%
  2. LAWRENCE KANS HOSP REV 5% 2.11%
  3. JOHNSON CNTY KANS 4% 2.05%
  4. KANSAS ST DEV FIN AUTH HEALTH FACS REV 5.12% 1.81%
  5. OVERLAND PARK KANS DEV CORP REV 5.25% 1.80%
  6. PUERTO RICO COMWLTH 5% 1.77%
  7. GUAM GOVT LTD OBLIG REV 5% 1.70%
  8. WICHITA KANS HOSP REV 5% 1.54%
  9. GUAM PWR AUTH REV 5% 1.53%
  10. WASHBURN UNIV TOPEKA KANS REV 5% 1.31%

Asset Allocation

Weighting Return Low Return High FKSTX % Rank
Bonds
100.02% 17.56% 139.76% 28.45%
Cash
0.35% -40.79% 82.44% 49.71%
Stocks
0.00% 0.00% 0.18% 60.70%
Preferred Stocks
0.00% 0.00% 0.00% 59.71%
Convertible Bonds
0.00% 0.00% 0.00% 59.71%
Other
-0.38% -7.55% 26.55% 92.65%

Bond Sector Breakdown

Weighting Return Low Return High FKSTX % Rank
Municipal
99.65% 17.56% 100.92% 50.29%
Cash & Equivalents
0.35% 0.00% 82.44% 49.71%
Derivative
0.00% 0.00% 0.00% 59.71%
Securitized
0.00% 0.00% 11.28% 60.00%
Corporate
0.00% -1.04% 2.75% 60.59%
Government
0.00% -2.21% 0.13% 59.41%

Bond Geographic Breakdown

Weighting Return Low Return High FKSTX % Rank
US
77.70% 17.56% 132.28% 98.53%
Non US
22.32% 0.00% 22.85% 2.06%

Expenses

FKSTX - Expenses

Operational Fees

FKSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.24% 2.75% 42.06%
Management Fee 0.50% 0.20% 0.80% 64.81%
12b-1 Fee 0.20% 0.00% 1.00% 31.80%
Administrative Fee N/A 0.08% 0.47% N/A

Sales Fees

FKSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.20% 1.50% 4.75% 39.81%
Deferred Load N/A 0.50% 3.00% N/A

Trading Fees

FKSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

FKSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 0.00% 97.00% 53.53%

Distributions

FKSTX - Distributions

Dividend Yield Analysis

FKSTX Category Low Category High FKSTX % Rank
Dividend Yield 0.76% 0.00% 2.24% 43.99%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FKSTX Category Low Category High FKSTX % Rank
Net Income Ratio 3.28% 0.47% 4.59% 17.35%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FKSTX - Fund Manager Analysis

Managers

Steven Hlavin


Start Date

Tenure

Tenure Rank

Jan 01, 2011

9.0

9.0%

Steven M. Hlavin is Managing Director and Portfolio Manager for Nuveen Asset Management. Prior to his current position, Mr. Hlavin worked as a senior analyst responsible for the risk management and performance reporting process for Nuveen Asset Management. Mr. Hlavin joined an affiliate of Nuveen Asset Management in 2003. Mr. Hlavin earned a BA in finance and accounting and an MBA in finance from Miami University. He has been a speaker at the Leveraging Performance Attribution Analysis for Fixed Income Investments Conference series.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 33.1 11.27 9.0