Nuveen Louisiana Municipal Bond Fund Class C (FAFLX)
| Fund Assets | 218.19M |
| Expense Ratio | 1.63% |
| Min. Investment | $3,000 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 2.44% |
| Dividend Growth | 12.50% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 10.56 |
| YTD Return | 0.98% |
| 1-Year Return | 3.91% |
| 5-Year Return | 0.85% |
| 52-Week Low | 9.70 |
| 52-Week High | 10.57 |
| Beta (5Y) | n/a |
| Holdings | 172 |
| Inception Date | Feb 10, 2014 |
About FAFLX
Nuveen Louisiana Municipal Bond Fund Class C is a mutual fund focused on generating a high level of current interest income that is exempt from regular federal, Louisiana state, and in some cases, local income taxes. This fund primarily invests at least 80% of its assets in investment-grade municipal bonds issued by state and local entities within Louisiana, supporting essential public projects and infrastructure. It falls within the 'Muni Single State Long' category, characterized by a portfolio duration typically exceeding six years and an average bond maturity over twelve years. The fund offers monthly dividend distributions, with recent yields around 2.2%, making it appealing to investors seeking regular tax-advantaged income. Featuring a diversified allocation across more than 170 holdings, it plays a role in providing capital to Louisiana’s municipalities while enabling investors to benefit from potential state and federal tax exemptions on the income received. The fund’s management emphasizes preservation of capital, though its expense ratio is relatively high compared to peers, which is an important factor in its overall performance and risk profile.
Performance
FAFLX had a total return of 3.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.65%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.0225 | Mar 2, 2026 |
| Jan 30, 2026 | $0.0225 | Feb 2, 2026 |
| Dec 31, 2025 | $0.0225 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0225 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0225 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0225 | Oct 1, 2025 |