Nuveen North Carolina Municipal Bond Fund Class I (FCNRX)
| Fund Assets | 487.20M |
| Expense Ratio | 0.60% |
| Min. Investment | $100,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.19% |
| Dividend Growth | 8.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 10.18 |
| YTD Return | 1.48% |
| 1-Year Return | 5.73% |
| 5-Year Return | 0.14% |
| 52-Week Low | 9.21 |
| 52-Week High | 10.19 |
| Beta (5Y) | 0.31 |
| Holdings | 219 |
| Inception Date | Feb 4, 1997 |
About FCNRX
The Nuveen North Carolina Municipal Bond Fund Class I is an institutional share class of a mutual fund focused on fixed income investments. Its primary objective is to provide investors with a high level of current interest income that is exempt from regular federal and North Carolina state income taxes, within the framework of capital preservation. The fund primarily invests in investment-grade municipal bonds issued by state and local governments in North Carolina, supporting essential public projects and infrastructure. Up to 20% of the portfolio may be allocated to non-investment-grade municipal bonds, allowing for measured credit risk exposure. The fund’s holdings are broadly diversified across general obligation and revenue bonds, and the investment approach emphasizes maintaining a medium to extensive interest rate sensitivity. Targeted toward institutional investors, this class offers a competitive expense ratio and is designed for those seeking tax-advantaged income and diversification within the municipal bond sector. The Nuveen North Carolina Municipal Bond Fund Class I plays a key role in the market by facilitating tax-efficient financing for North Carolina’s public services while providing investors access to stable, income-generating municipal securities.
Performance
FCNRX had a total return of 5.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.56%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.0285 | Mar 2, 2026 |
| Jan 30, 2026 | $0.0285 | Feb 2, 2026 |
| Dec 31, 2025 | $0.0285 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0285 | Dec 1, 2025 |
| Oct 31, 2025 | $0.027 | Nov 3, 2025 |
| Sep 30, 2025 | $0.027 | Oct 1, 2025 |