Though the team helming Nuveen Limited Term Municipal Bond is impressive in scope, its appetite for outsize risk-taking can lead to volatility versus a relatively conservative peer group. It retains its Morningstar Analyst Rating of Neutral on its cheaper share classes, while more expensive share classes are rated Negative.
Will FLTDX 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 FLTDX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FLTDX 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 FLTDX’s parent organization’s priorities and whether they’re in line with investors’ interests.