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Morningstar

Nuveen WI Municipal Bond A FWIAX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 10.06  /  0.01 %
  • Total Assets 94.7 Mil
  • Adj. Expense Ratio
    0.840%
  • Expense Ratio 0.890%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 3,000
  • Status Closed
  • TTM Yield 3.31%
  • Effective Duration 9.90 years

USD | NAV as of Jan 26, 2023 | 1-Day Return as of Jan 26, 2023, 11:10 PM GMT+00:00

Morningstar’s Analysis FWIAX

Will FWIAX 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 FWIAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FWIAX 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 FWIAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Nuveen WI Municipal Bond A's Average Process and Parent pillars limit this strategy to a Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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