FWIAX: Nuveen WI Municipal Bond A

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FWIAX Nuveen WI Municipal Bond A


Profile

FWIAX - Profile

Vitals

  • YTD Return -2.9%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return -0.6%
  • Net Assets $179 M
  • Holdings in Top 10 25.3%

52 WEEK LOW AND HIGH

$10.61
$9.83
$11.28

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.93%

SALES FEES

  • Front Load 4.20%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Sep 27, 2019
  • 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 -2.9%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.11%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Wisconsin Municipal Bond Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Jun 01, 1994
  • 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. It 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

FWIAX - Performance

Return Ranking - Trailing

Period FWIAX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.9% -4.2% 1.0% 76.32%
1 Yr -0.7% -3.2% 8.6% 66.22%
3 Yr 0.6%* -1.1% 4.4% 26.39%
5 Yr -0.6%* -1.5% 3.5% 46.48%
10 Yr 0.4%* -0.8% 4.0% 18.87%

* Annualized

Return Ranking - Calendar

Period FWIAX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% 0.0% 8.0% 17.57%
2018 -1.4% -4.8% 7.4% 25.68%
2017 1.8% -6.5% 3.5% 27.78%
2016 -4.1% -6.4% -1.1% 81.69%
2015 -0.1% -4.7% 0.6% 38.03%

Total Return Ranking - Trailing

Period FWIAX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.9% -4.2% 1.0% 76.32%
1 Yr -0.7% -3.2% 9.2% 66.22%
3 Yr 0.6%* -1.1% 3.4% 26.39%
5 Yr -0.6%* -1.5% 2.5% 46.48%
10 Yr 0.4%* -0.8% 3.5% 18.87%

* Annualized

Total Return Ranking - Calendar

Period FWIAX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% 0.0% 8.5% 18.92%
2018 -1.4% -4.8% 7.3% 25.68%
2017 1.8% -6.5% 3.5% 29.17%
2016 -4.1% -6.4% -1.1% 81.69%
2015 -0.1% -4.7% 0.6% 38.03%

NAV & Total Return History


Holdings

FWIAX - Holdings

Concentration Analysis

FWIAX Category Low Category High FWIAX % Rank
Net Assets 179 M 55.7 M 1.8 B 44.74%
Number of Holdings 143 56 564 60.00%
Net Assets in Top 10 45.3 M 9.28 M 336 M 38.67%
Weighting of Top 10 25.28% 10.2% 39.3% 20.00%

Top 10 Holdings

  1. WISCONSIN HSG & ECONOMIC DEV AUTH HSG REV 3.38% 3.94%
  2. WISCONSIN ST HEALTH & EDL FACS AUTH REV 4% 3.75%
  3. WISCONSIN ST HEALTH & EDL FACS AUTH REV 5% 2.67%
  4. WISCONSIN CTR DIST WIS TAX REV 5.25% 2.44%
  5. SOUTHEAST WIS PROFESSIONAL BASEBALL PK DIST SALES TAX REV 5.5% 2.16%
  6. TENDER OPT BD TR RCPTS / CTFS VAR STS 14.43% 2.13%
  7. ASHWAUBENON WIS CMNTY DEV AUTH LEASE REV 0% 2.09%
  8. ASHWAUBENON WIS CMNTY DEV AUTH LEASE REV 3% 2.06%
  9. PUERTO RICO COMWLTH 5% 2.02%
  10. WISCONSIN ST HEALTH & EDL FACS AUTH REV 4% 2.01%

Asset Allocation

Weighting Return Low Return High FWIAX % Rank
Bonds
101.53% 17.56% 141.46% 3.95%
Stocks
0.00% 0.00% 0.00% 28.95%
Preferred Stocks
0.00% 0.00% 0.00% 29.33%
Convertible Bonds
0.00% 0.00% 0.00% 29.33%
Other
-0.04% -1.45% 1.94% 85.33%
Cash
-1.50% -43.15% 82.44% 93.33%

Bond Sector Breakdown

Weighting Return Low Return High FWIAX % Rank
Municipal
100.00% 17.56% 100.92% 12.00%
Derivative
0.00% 0.00% 0.00% 29.33%
Cash & Equivalents
0.00% 0.00% 82.44% 64.00%
Securitized
0.00% 0.00% 0.00% 29.33%
Corporate
0.00% -1.04% 0.57% 33.33%
Government
0.00% 0.00% 0.34% 30.67%

Bond Geographic Breakdown

Weighting Return Low Return High FWIAX % Rank
US
80.55% 17.56% 135.59% 78.67%
Non US
20.98% 0.00% 21.56% 6.67%

Expenses

FWIAX - Expenses

Operational Fees

FWIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.93% 0.33% 2.75% 60.53%
Management Fee 0.51% 0.30% 0.80% 51.32%
12b-1 Fee 0.20% 0.00% 1.00% 12.20%
Administrative Fee N/A 0.10% 0.30% N/A

Sales Fees

FWIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.20% 2.25% 4.75% 69.57%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FWIAX 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.

FWIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 4.67% 67.00% 85.53%

Distributions

FWIAX - Distributions

Dividend Yield Analysis

FWIAX Category Low Category High FWIAX % Rank
Dividend Yield 0.00% 0.00% 1.54% 55.26%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FWIAX Category Low Category High FWIAX % Rank
Net Income Ratio 3.11% 1.05% 4.59% 48.68%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

FWIAX - Fund Manager Analysis

Managers

Steven Hlavin


Start Date

Tenure

Tenure Rank

Jan 01, 2011

9.17

9.2%

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
0.16 29.35 6.69 12.63