About FLNCX
Nuveen North Carolina Municipal Bond Fund Class A is a fixed income mutual fund specializing in investment-grade municipal bonds issued within North Carolina. Its primary function is to provide shareholders with a high level of current interest income that is generally exempt from regular federal, state, and, in some cases, local income taxes, making it particularly relevant for investors seeking tax-advantaged income within the state. The fund's portfolio is broadly diversified across North Carolina municipal issuers in sectors including health care, transportation, utilities, and education. Notably, it can allocate up to 20% of its assets to below investment grade (high yield) municipal bonds, adding an additional layer of credit risk and potential income. The fund maintains a medium level of credit quality and a relatively extensive interest rate sensitivity, with an effective duration of approximately 7.4 years. As a single-state municipal bond fund, it serves individuals and institutions interested in localized public infrastructure funding and the preservation of capital, reinforcing its specialized role in the broader tax-exempt bond market.
Fund Family Nuveen
Category Muni Single State Long
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FLNCX
Index S&P Municipal Bond TR USD
FLNCX had a total return of 5.36% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.84%.
