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.
Fund Family Nuveen
Category Muni Single State Long
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FTLRX
Share Class - Class I
Index S&P Municipal Bond TR USD
FTLRX had a total return of 6.00% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.85%.
