FLTDX: Nuveen Limited Term Municipal Bond Fund - MutualFunds.com
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Nuveen Limited Term Municipal Bond A

FLTDX - Snapshot

Vitals

  • YTD Return 0.1%
  • 3 Yr Annualized Return 3.3%
  • 5 Yr Annualized Return 2.4%
  • Net Assets $7.56 B
  • Holdings in Top 10 7.6%

52 WEEK LOW AND HIGH

$11.39
$10.46
$11.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.62%

SALES FEES

  • Front Load 2.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Theme
    Municipal Bond
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Short

Compare FLTDX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Intermediate-Term Tax-Exempt Fund

Fund

$14.87

+0.07%

$81.84 B

-

$0.00

0.07%

-

Vanguard Limited Term Tax Exempt Fund

Fund

$11.27

0.00%

$33.32 B

-

$0.00

0.09%

-

American Funds Tax Exempt Bond Fund®

Fund

$13.65

0.00%

$24.55 B

-

$0.00

0.22%

-

Vanguard Short Term Tax Exempt Fund

Fund

$15.95

0.00%

$20.79 B

-

$0.00

0.00%

-

iShares National Muni Bond ETF

MUB | ETF

$117.09

-0.04%

$20.43 B

-

-

-0.09%

-

FLTDX - Profile

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Limited Term Municipal Bond Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Oct 19, 1987
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Brennan

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. It invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher. 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.

FLTDX - Performance

Return Ranking - Trailing

Period FLTDX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -0.6% 1.4% 52.63%
1 Yr 3.4% -1.0% 10.1% 76.58%
3 Yr 3.3%* -0.4% 9.8% 72.02%
5 Yr 2.4%* -0.3% 7.8% 80.62%
10 Yr 2.6%* -0.1% 10.2% 87.28%

* Annualized

Return Ranking - Calendar

Period FLTDX Return Category Return Low Category Return High Rank in Category (%)
2020 1.4% -2.8% 310.0% 60.84%
2019 2.8% -0.3% 15.4% 80.55%
2018 -0.2% -10.3% 97.2% 7.19%
2017 1.3% -100.0% 7.6% 56.56%
2016 -2.8% -7.9% 96.8% 49.64%

Total Return Ranking - Trailing

Period FLTDX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -0.6% 1.4% 52.63%
1 Yr 0.8% -5.0% 10.1% 80.81%
3 Yr 2.4%* -2.4% 9.8% 80.78%
5 Yr 1.9%* -1.4% 7.8% 87.44%
10 Yr 2.3%* -0.1% 10.2% 88.70%

* Annualized

Total Return Ranking - Calendar

Period FLTDX Return Category Return Low Category Return High Rank in Category (%)
2020 1.4% -2.8% 310.0% 60.84%
2019 2.8% -0.3% 15.4% 80.84%
2018 -0.2% -10.3% 11.0% 11.33%
2017 1.3% -100.0% 7.6% 60.37%
2016 -2.8% -7.9% 3.0% 55.13%

NAV & Total Return History

FLTDX - Holdings

Concentration Analysis

FLTDX Category Low Category High FLTDX % Rank
Net Assets 7.56 B 582 K 81.8 B 4.19%
Number of Holdings 1418 3 10805 5.60%
Net Assets in Top 10 574 M -199 M 4.06 B 4.58%
Weighting of Top 10 7.62% 2.4% 100.0% 89.78%

Top 10 Holdings

  1. TEXAS ST 4% 1.46%
  2. Energy HBR Corp 0.96%
  3. J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 1.1% 0.76%
  4. CALIFORNIA HEALTH FACS FING AUTH REV 5% 0.74%
  5. NEW YORK ST ENERGY RESH & DEV AUTH POLLUTN CTL REV 3% 0.73%
  6. METROPOLITAN TRANSN AUTH N Y REV 4% 0.61%
  7. CONNECTICUT ST HEALTH & EDL FACS AUTH REV 2% 0.60%
  8. OHIO ST ADULT CORRECTIONAL CAP FACS 0.06% 0.60%
  9. MASSACHUSETTS ST 5% 0.59%
  10. MINNESOTA ST 5% 0.58%

Asset Allocation

Weighting Return Low Return High FLTDX % Rank
Bonds 		97.16% 15.80% 147.66% 70.45%
Cash 		1.88% -47.66% 84.20% 37.82%
Stocks 		0.96% 0.00% 2.07% 1.30%
Preferred Stocks 		0.00% -0.96% 1.04% 58.68%
Other 		0.00% -13.14% 13.72% 59.07%
Convertible Bonds 		0.00% 0.00% 1.44% 59.19%

Stock Sector Breakdown

Weighting Return Low Return High FLTDX % Rank
Utilities 		0.00% 0.00% 0.00% 89.80%
Technology 		0.00% 0.00% 0.00% 88.86%
Real Estate 		0.00% 0.00% 0.00% 88.86%
Industrials 		0.00% 0.00% 100.00% 89.40%
Healthcare 		0.00% 0.00% 0.00% 88.86%
Financial Services 		0.00% 0.00% 0.00% 91.68%
Energy 		0.00% 0.00% 0.00% 15.44%
Communication Services 		0.00% 0.00% 0.00% 89.40%
Consumer Defense 		0.00% 0.00% 0.00% 88.99%
Consumer Cyclical 		0.00% 0.00% 100.00% 89.26%
Basic Materials 		0.00% 0.00% 0.38% 89.13%

Stock Geographic Breakdown

Weighting Return Low Return High FLTDX % Rank
US 		0.96% 0.00% 2.07% 1.30%
Non US 		0.00% 0.00% 0.00% 58.79%

Bond Sector Breakdown

Weighting Return Low Return High FLTDX % Rank
Municipal 		98.11% 15.02% 100.00% 58.51%
Cash & Equivalents 		1.89% 0.00% 84.20% 38.89%
Derivative 		0.00% 0.00% 0.85% 59.02%
Securitized 		0.00% 0.00% 6.51% 59.47%
Corporate 		0.00% 0.00% 15.75% 64.90%
Government 		0.00% 0.00% 84.56% 61.62%

Bond Geographic Breakdown

Weighting Return Low Return High FLTDX % Rank
US 		95.51% 15.80% 141.34% 62.75%
Non US 		1.65% 0.00% 28.07% 37.03%

FLTDX - Expenses

Operational Fees

FLTDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.01% 16.95% 68.20%
Management Fee 0.34% 0.00% 1.10% 21.42%
12b-1 Fee 0.20% 0.00% 1.00% 29.89%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

FLTDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.50% 0.50% 5.75% 79.09%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FLTDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

FLTDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 0.00% 299.40% 54.78%

FLTDX - Distributions

Dividend Yield Analysis

FLTDX Category Low Category High FLTDX % Rank
Dividend Yield 0.00% 0.00% 2.98% 60.96%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FLTDX Category Low Category High FLTDX % Rank
Net Income Ratio 1.97% -1.65% 6.48% 70.26%

Capital Gain Distribution Analysis

FLTDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

FLTDX - Fund Manager Analysis

Managers

Paul Brennan

Start Date

Tenure

Tenure Rank

Aug 15, 2006

14.39

14.4%

Paul L. Brennan, CFA, is Senior Vice President and Portfolio Manager of Nuveen Asset Management. He began his career in the financial industry in 1991 as a municipal credit analyst for Flagship Financial Inc. (“Flagship”) before becoming a portfolio manager at Flagship in 1994. Mr. Brennan joined Nuveen Asset Management in 1997 when the firm acquired Flagship.

Christopher Drahn

Start Date

Tenure

Tenure Rank

Dec 10, 2020

0.06

0.1%

Chris manages tax-exempt fixed income portfolios, including the Short Term Municipal Bond, the Colorado Municipal Bond, the Minnesota Municipal Bond, the Minnesota Intermediate Municipal Bond and the Missouri Municipal Bond products and related institutional portfolios. He also oversees various closed-end funds.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 35.78 6.92 0.16

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