Guide to Nuveen All-American Municipal Bond A Fund (FLAAX)
Nuveen All-American Municipal Bond A (FLAAX) a Zacks Rank #1 (Strong Buy) seeks to provide a high level of current interest income exempt from regular federal income taxes as is consistent with preservation of capital
The Nuveen All-American Municipal Bond A fund, managed by Nuveen, carries an expense ratio of 0.7%. Moreover, FLAAX requires a minimal initial investment of $3,000.
FLAAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 7.07%, 3 year 7.38% and 5 year 5.86%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
FLAAX’s performance, as of the last filing, when compared to funds in its category was in the top 23% in 1 year, top 15% over the past 3 years, and in the 16% over the past 5 years.
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