Nuveen All-American Municipal Bond Fund

Scorecard
4 / 5 Stars
Lipper
5 5 2 5 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
B+ (Buy)

U.S. News evaluated 59 Muni National Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -2.29 percent over the past year, 7.00 percent over the past three years, 7.98 percent over the past five years, and 4.11 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 4.2%
1 Year -2.3%
3 Years (Annualized) 7.0%
5 Years (Annualized) 8.0%
10 Years (Annualized) 4.1%

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Summary

The investment seeks to provide a high level of current interest income exempt from regular federal income taxes as is consistent with preservation of capital. 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.

Fees

Fees are Above Average compared to funds in the same category.
Nuveen All-American Municipal Bond Fund has an expense ratio of 1.27 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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