About FRKSX
Nuveen Kansas Municipal Bond Fund Class I is an open‑end municipal bond mutual fund focused on debt issued by Kansas state and local entities. Its primary objective is to deliver a high level of current interest income that is generally exempt from regular federal—and, when applicable, state and local—income taxes, while emphasizing preservation of capital. The portfolio normally invests at least 80% of net assets in investment‑grade municipal bonds rated BBB/Baa or higher, with the flexibility to allocate up to 20% to below‑investment‑grade municipal bonds to broaden income opportunities. Positioned in the muni single‑state long category, the fund finances public infrastructure and essential‑service projects across sectors such as transportation, education, healthcare, and utilities, reflecting the fiscal dynamics of Kansas issuers. Notable characteristics include a relatively low turnover approach, monthly income distributions, and an institutional share class structure with an expense ratio in the low‑to‑mid 0.6% range. Established in 1997 and managed under the Nuveen platform, the fund offers targeted tax‑advantaged exposure to the Kansas municipal market within a professionally managed, diversified fixed‑income vehicle.
Fund Family Nuveen
Category Muni Single State Long
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FRKSX
Share Class - Class I
Index S&P Municipal Bond TR USD
FRKSX had a total return of 4.25% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.88%.
