Nuveen All-American Municipal Bond sports a broad and experienced team, but its increasingly risky investment process doesn’t inspire confidence. Its cheaper share classes receive a Morningstar Analyst Rating of Neutral, while its more expensive shares are rated Negative.
Will FLAAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of FLAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.