FTLCX: Nuveen LA Municipal Bond C2

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FTLCX Nuveen LA Municipal Bond C2


Profile

FTLCX - Profile

Vitals

  • YTD Return -3.9%
  • 3 Yr Annualized Return -0.2%
  • 5 Yr Annualized Return -1.1%
  • Net Assets $195 M
  • Holdings in Top 10 17.7%

52 WEEK LOW AND HIGH

$10.89
$10.38
$11.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.40%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Feb 10, 2014
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

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

Distributions

  • YTD Total Return -3.9%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return -1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.84%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Louisiana Municipal Bond Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Feb 02, 1994
  • Shares Outstanding
    N/A
  • Share Class
    C
  • 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

FTLCX - Performance

Return Ranking - Trailing

Period FTLCX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -8.7% 1.0% 34.21%
1 Yr -2.0% -6.3% 8.6% 44.59%
3 Yr -0.2%* -2.5% 4.4% 28.77%
5 Yr -1.1%* -2.2% 3.5% 45.07%
10 Yr 0.5%* -1.0% 4.0% 7.55%

* Annualized

Return Ranking - Calendar

Period FTLCX Return Category Return Low Category Return High Rank in Category (%)
2019 3.8% 0.0% 8.0% 33.78%
2018 -2.1% -4.8% 7.4% 40.54%
2017 2.4% -6.5% 3.5% 11.11%
2016 -4.9% -6.4% -1.1% 98.59%
2015 0.0% -4.7% 0.6% 30.99%

Total Return Ranking - Trailing

Period FTLCX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -8.7% 1.0% 34.21%
1 Yr -2.0% -6.3% 9.2% 44.59%
3 Yr -0.2%* -2.5% 3.4% 28.77%
5 Yr -1.1%* -2.2% 2.5% 45.07%
10 Yr 0.5%* -1.0% 3.5% 7.55%

* Annualized

Total Return Ranking - Calendar

Period FTLCX Return Category Return Low Category Return High Rank in Category (%)
2019 3.8% 0.0% 8.5% 36.49%
2018 -2.1% -4.8% 7.3% 40.54%
2017 2.4% -6.5% 3.5% 12.50%
2016 -4.9% -6.4% -1.1% 98.59%
2015 0.0% -4.7% 0.6% 30.99%

NAV & Total Return History


Holdings

FTLCX - Holdings

Concentration Analysis

FTLCX Category Low Category High FTLCX % Rank
Net Assets 195 M 55.7 M 1.76 B 43.42%
Number of Holdings 151 56 564 58.67%
Net Assets in Top 10 36.6 M 9.28 M 336 M 58.67%
Weighting of Top 10 17.70% 11.4% 39.3% 74.67%

Top 10 Holdings

  1. JEFFERSON LA SALES TAX DIST SPL SALES TAX REV 4% 2.86%
  2. JEFFERSON LA SALES TAX DIST SPL SALES TAX REV 5% 1.80%
  3. LOUISIANA PUB FACS AUTH HOSP REV 5% 1.77%
  4. LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 5% 1.77%
  5. LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 5% 1.73%
  6. LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 5% 1.67%
  7. PORT NEW ORLEANS LA BRD COMMRSPORT FAC REV 5% 1.61%
  8. LOUISIANA PUB FACS AUTH LEASE REV 5% 1.53%
  9. LOUISIANA PUB FACS AUTH REV 5% 1.52%
  10. LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH RETIREMENT FACS REV 1.44%

Asset Allocation

Weighting Return Low Return High FTLCX % Rank
Bonds
93.60% 17.56% 142.23% 89.47%
Cash
5.50% -42.62% 82.44% 16.00%
Other
0.90% -4.63% 1.83% 16.00%
Stocks
0.00% 0.00% 0.00% 56.58%
Preferred Stocks
0.00% 0.00% 0.00% 57.33%
Convertible Bonds
0.00% 0.00% 0.00% 57.33%

Bond Sector Breakdown

Weighting Return Low Return High FTLCX % Rank
Municipal
94.45% 17.56% 100.92% 89.33%
Cash & Equivalents
5.55% 0.00% 82.44% 16.00%
Derivative
0.00% 0.00% 0.00% 57.33%
Securitized
0.00% 0.00% 0.00% 57.33%
Corporate
0.00% -1.04% 0.57% 57.33%
Government
0.00% 0.00% 0.34% 57.33%

Bond Geographic Breakdown

Weighting Return Low Return High FTLCX % Rank
US
87.72% 17.56% 137.34% 65.33%
Non US
5.88% 0.00% 21.56% 52.00%

Expenses

FTLCX - Expenses

Operational Fees

FTLCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.40% 0.33% 2.75% 32.89%
Management Fee 0.51% 0.30% 0.80% 59.21%
12b-1 Fee 0.75% 0.00% 1.00% 65.85%
Administrative Fee N/A 0.10% 0.30% N/A

Sales Fees

FTLCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load 1.00% 1.00% 4.00% 57.89%

Trading Fees

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

FTLCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 4.67% 67.00% 44.74%

Distributions

FTLCX - Distributions

Dividend Yield Analysis

FTLCX Category Low Category High FTLCX % Rank
Dividend Yield 0.00% 0.00% 1.58% 75.00%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FTLCX Category Low Category High FTLCX % Rank
Net Income Ratio 2.84% 1.05% 4.59% 59.21%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

FTLCX - Fund Manager Analysis

Managers

Steven Hlavin


Start Date

Tenure

Tenure Rank

Jan 01, 2011

9.25

9.3%

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
0.24 29.43 6.78 12.72