About FCORX
Nuveen Colorado Municipal Bond Fund Class I is an open-end mutual fund specializing in investment-grade municipal bonds primarily issued within the state of Colorado. Its chief objective is to provide a high level of current income that is exempt from regular federal income tax, Colorado state income tax, and, in some cases, local income taxes. The portfolio focuses on bonds issued by state and local governments or agencies to finance public projects, such as infrastructure, utilities, and educational institutions, supporting community development while potentially delivering tax advantages to investors residing in Colorado. This fund is designed with capital preservation in mind and is actively managed to maintain a diverse allocation across over 270 holdings, with an effective duration above eight years, targeting the long-term muni category. With a monthly distribution schedule and competitive expense ratio, Nuveen Colorado Municipal Bond Fund Class I plays a significant role for investors seeking tax-efficient income and stable exposure to the municipal fixed income market in a single-state strategy, particularly for those with a Colorado tax liability.
Fund Family Nuveen
Category Muni Single State Long
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FCORX
Share Class - Class I
Index S&P Municipal Bond TR USD
FCORX had a total return of 5.47% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.85%.
