Morningstar

Nuveen LA Municipal Bond I FTLRX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 10.73  /  −0.25 %
  • Total Assets 232.8 Mil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.630%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.11%
  • Effective Duration 7.65 years

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0

Morningstar’s Analysis FTLRX

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

  • People Pillar

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

Strength in Nuveen LA Municipal Bond I's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

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Portfolio Holdings FTLRX

More FTLRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Vistra Vision

3.49 8.0 Mil
—

Us Dollars

3.23 7.4 Mil
Cash and Equivalents

LOUISIANA PUB FACS AUTH LEASE REV 5%

2.65 6.0 Mil
municipal

LOUISIANA PUB FACS AUTH LEASE REV 5%

2.01 4.6 Mil
municipal

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.90 4.3 Mil
municipal

LOUISIANA PUB FACS AUTH HOSP REV 5%

1.79 4.1 Mil
municipal

LOUISIANA PUB FACS AUTH REV 5%

1.42 3.3 Mil
municipal

NEW ORLEANS LA AVIATION BRD SPL FAC REV 5%

1.40 3.2 Mil
municipal

NEW ORLEANS LA 4%

1.39 3.2 Mil
municipal

LOUISIANA PUB FACS AUTH REV 5.25%

1.38 3.1 Mil
municipal

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