In a prospectus supplement filed Dec. 10, 2020, Nuveen Asset Management announced that Christopher Drahn, a municipal-bond-focused portfolio manager at the firm, will join portfolio manager Paul Brennan as a named manager on Nuveen Limited Term Municipal Bond effective immediately. Brennan, who has led this strategy as its only named manager since late 2007, joined Nuveen in 1997. Drahn, who joined the firm in 1980, has managed other Nuveen municipal-bond strategies since 1994. His addition here does not change the strategy's Morningstar Analyst Ratings.
Nuveen Limited Term Municipal Bond C2 FLTCX
NAV / 1-Day Return
11.30
/
0.10
%
Total Assets
7.8 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.960%
Expense Ratio
0.970%
Fee Level
Low
Longest Manager Tenure
14.56
years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
0
Status
Closed
TTM Yield
1.45%
Effective Duration
3.40
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FLTCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FLTCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FLTCX 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 FLTCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Nuveen Limited Term Municipal Bond Adds a Manager; Ratings Unchanged
