Nuveen Louisiana Municipal Bond Fund Class I (FTLRX)
| Fund Assets | 218.19M |
| Expense Ratio | 0.63% |
| Min. Investment | $100,000 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.43% |
| Dividend Growth | 8.09% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 10.63 |
| YTD Return | 1.06% |
| 1-Year Return | 4.96% |
| 5-Year Return | 6.08% |
| 52-Week Low | 9.69 |
| 52-Week High | 10.64 |
| Beta (5Y) | 0.31 |
| Holdings | 172 |
| Inception Date | Feb 24, 1997 |
About FTLRX
Nuveen Louisiana Municipal Bond Fund Class I is a mutual fund that focuses on generating a high level of current interest income exempt from regular federal, Louisiana state, and, in certain cases, local income taxes. Its primary strategy is to invest at least 80% of its assets in investment-grade municipal bonds issued primarily within the state of Louisiana, targeting tax-advantaged income for investors who are Louisiana residents. Serving the muni single state long category, the fund emphasizes capital preservation while providing regular monthly distributions, with an annualized yield around 3.2%. Featuring a portfolio diversified across sectors such as public facilities, hospital revenue, and state tax-backed bonds, it holds over 170 individual securities. Launched in 1997, this fund is positioned for institutional investors, requiring a substantial minimum investment and maintaining a relatively low expense ratio. Nuveen’s expertise in municipal bonds underpins the fund’s objective of combining tax efficiency with consistent income, making it a significant vehicle for those seeking exposure to Louisiana's municipal debt market.
Performance
FTLRX had a total return of 4.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.42%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.0315 | Mar 2, 2026 |
| Jan 30, 2026 | $0.0315 | Feb 2, 2026 |
| Dec 31, 2025 | $0.0315 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0315 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0315 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0315 | Oct 1, 2025 |