Nuveen All-American Municipal Bond Fund Class A FLAAX

Medalist Rating as of Sep 30, 2026 See Nuveen Investment Hub

NAV / 1-Day Return$9.58 / 0.00
Fund Size$3.1B
Adjusted Expense Ratio0.660%
Net Expense Ratio0.780%
Fee Level: DistributionLow
Share Class TypeFront Load
Morningstar CategoryMuni National Long
Fixed-Income Style Box (Funds)—
Minimum Initial Investment$2,500
Investment StatusOpen
TTM Yield4.33%
Average Effective Duration9.09 yrs

NAV and 1-Day Return as of Nov 12, 2026, 1:11:04 AM

Will FLAAX outperform in the future?

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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FLAAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FLAAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FLAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Morningstar Automated Analysis

Summary

Nuveen All-American Municipal Bond A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis

Rated on Sep 30, 2026 Published on Oct 27, 2026

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Portfolio Holdings FLAAX

More FLAAX Holdings

Current Portfolio DateSep 30, 2026
Equity Holdings—
Bond Holdings—
Other Holdings—
% Assets in Top 10 Holdings9.4

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
Us Dollars	2.76	84M	Cash and Equivalents
PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%	1.35	41M	municipal
BOYS TOWN VLG NEB REV 5%	1.18	36M	municipal
NEW JERSEY ST TRANSN TR FD AUTH 0%	1.07	33M	municipal
IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 5%	0.89	27M	municipal
CALIFORNIA MUN FIN AUTH REV 5%	0.87	27M	municipal
Nuveen Municipal Income ETF	0.84	26M	—
NEW YORK TRANSN DEV CORP SPL FAC REV 5%	0.83	25M	municipal
PENNSYLVANIA ST TPK COMMN TPK REV 5%	0.82	25M	municipal
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.25%	0.77	23M	municipal

Nuveen All-American Municipal Bond Fund Class A FLAAX

Morningstar’s Analysis FLAAX

Will FLAAX outperform in the future?

Process Pillar

People Pillar

Parent Pillar

Summary

Portfolio Holdings FLAAX

Us Dollars

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

BOYS TOWN VLG NEB REV 5%

NEW JERSEY ST TRANSN TR FD AUTH 0%

IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 5%

CALIFORNIA MUN FIN AUTH REV 5%

Nuveen Municipal Income ETF

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

PENNSYLVANIA ST TPK COMMN TPK REV 5%

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.25%

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