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Nuveen All-American Municipal Bond I FAARX

Analyst rating as of
NAV / 1-Day Return
12.10  /  0.09 %
Total Assets
7.7 Bil
Adj. Expense Ratio
0.470%
Expense Ratio
0.500%
Fee Level
Below Average
Longest Manager Tenure
10.25 years
Category
Muni National Long
Credit Quality / Interest Rate Sensitivity
Medium / Extensive
Min. Initial Investment
100,000
Status
Open
TTM Yield
3.24%
Effective Duration
7.96 years
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Morningstar’s Analysis

Will FAARX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Pushing the envelope among long-dated munis.

Summary

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The Morningstar Analyst Rating of Neutral issued for Nuveen All-American Municipal Bond R6 FAAWX on July 17, 2020, was incorrect due to an error in the prospectus adjusted operating expense ratio that is used as an input to the rating. The correct prospectus adjusted operating expense ratio, exclusive of interest expense, is 0.45%. Based on this corrected figure, the strategy’s strong team and investment process earn that share class a Morningstar Analyst Rating of Bronze. The more expensive share classes are rated Neutral.

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