About FAZTX
Nuveen Arizona Municipal Bond Fund Class A is a municipal bond mutual fund that primarily invests in investment-grade municipal securities issued within the state of Arizona. The fund’s main purpose is to provide current interest income that is generally exempt from regular federal, Arizona state, and, in some cases, local income taxes, making it specifically attractive to residents of Arizona seeking tax-advantaged income. With at least 80% of its net assets allocated to bonds carrying these tax benefits, the fund supports public projects and infrastructure across Arizona, such as schools, transportation, and utilities.
Nuveen Arizona Municipal Bond Fund Class A is managed using an active, multi-manager approach and follows a long-duration strategy typical of its muni single-state long Morningstar category, focusing on bonds with an average maturity exceeding 12 years. The fund is notable for its monthly dividend distributions, consistent payout track record, and emphasis on capital preservation and appreciation through a diversified municipal bond portfolio. By concentrating on Arizona issuers, it allows investors to support local government initiatives while potentially minimizing their tax liability, playing a key role in connecting community development with private capital.
Fund Family Nuveen
Category Muni Single State Long
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FAZTX
Share Class - Class A
Index S&P Municipal Bond TR USD
FAZTX had a total return of 5.36% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.10%.
