About FCTRX
Nuveen Connecticut Municipal Bond Fund Class I is a mutual fund focused on generating high current interest income by investing primarily in municipal bonds. The fund's core objective is to deliver income that is exempt from regular federal, Connecticut state, and, in some cases, local income taxes, making it especially beneficial for investors seeking tax-advantaged income. Its portfolio emphasizes investment-grade municipal securities, though it may allocate up to 20% of net assets to below investment grade, or high-yield, municipal bonds, providing additional income opportunities while maintaining a focus on capital preservation. The fund typically holds a diversified set of municipal obligations, with limited foreign exposure and virtually no allocation to domestic stocks. With its targeted strategy, Nuveen Connecticut Municipal Bond Fund Class I plays an important role in the municipal bond market, supporting local infrastructure, education, and public services, while offering investors steady, tax-exempt income suitable for tax-sensitive investment portfolios.
Fund Family Nuveen
Category Muni Single State Long
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FCTRX
Share Class - Class I
Index S&P Municipal Bond TR USD
FCTRX had a total return of 5.66% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.59%.
