About FAFKX
Nuveen Colorado Municipal Bond Fund Class C is a fixed income mutual fund focused on delivering tax-exempt income to investors through investments primarily in municipal bonds issued by Colorado state and local governments. Its main objective is to provide as high a level of current interest income as possible, exempt from regular federal, Colorado state, and in some cases local income taxes, while maintaining capital preservation as a priority. The fund predominantly holds investment-grade municipal securities supporting public projects such as infrastructure, education, water, and healthcare within Colorado, although it may invest up to 20% of its assets in below investment grade, or "high yield," municipal bonds to enhance yield potential. By concentrating on a single state, the fund offers potential dual federal and state tax advantages to residents of Colorado. It plays a significant role in the market by offering tailored municipal bond exposure for investors seeking stable, tax-advantaged income within a diversified framework of municipal debt instruments.
Fund Family Nuveen
Category Muni Single State Long
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FAFKX
Share Class Class C
Index S&P Municipal Bond TR USD
FAFKX had a total return of 2.85% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.36%.
