FCNCX: Nuveen NC Municipal Bond C2

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FCNCX Nuveen NC Municipal Bond C2


Profile

FCNCX - Profile

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $624 M
  • Holdings in Top 10 18.9%

52 WEEK LOW AND HIGH

$11.42
$10.68
$11.42

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.37%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Feb 10, 2014
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.02%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen North Carolina Municipal Bond Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Oct 04, 1993
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Daniel Close

Fund Description

The fund normally invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher at the time of purchase by at least one independent rating agency, or, if unrated, judged by the fund's sub-adviser to be of comparable quality. The fund may invest up to 20% of its net assets in below investment grade municipal bonds, commonly referred to as "high yield" or "junk" bonds.


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Categories

Performance

FCNCX - Performance

Return Ranking - Trailing

Period FCNCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -2.2% 10.0% 24.12%
1 Yr 6.7% -3.0% 24.4% 30.01%
3 Yr 2.0%* -3.0% 5.8% 19.47%
5 Yr 0.6%* -2.9% 12.5% 30.61%
10 Yr 0.9%* -5.2% 3.9% 26.90%

* Annualized

Return Ranking - Calendar

Period FCNCX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -1.7% 18.3% 40.19%
2018 -2.8% -11.7% 4.6% 61.01%
2017 1.9% -4.4% 8.3% 24.58%
2016 -2.8% -7.8% 7.7% 79.62%
2015 -0.2% -18.3% 3.0% 20.02%

Total Return Ranking - Trailing

Period FCNCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -2.2% 10.0% 24.12%
1 Yr 6.7% -3.0% 24.4% 29.83%
3 Yr 2.0%* -3.0% 8.1% 29.65%
5 Yr 0.6%* -2.9% 12.5% 45.49%
10 Yr 0.9%* -1.3% 7.0% 42.91%

* Annualized

Total Return Ranking - Calendar

Period FCNCX Return Category Return Low Category Return High Rank in Category (%)
2019 4.6% -1.7% 18.3% 40.70%
2018 -2.8% -11.7% 6.5% 68.32%
2017 1.9% -4.4% 10.4% 35.32%
2016 -2.8% -7.8% 10.7% 82.40%
2015 -0.2% -12.6% 4.2% 28.32%

NAV & Total Return History


Holdings

FCNCX - Holdings

Concentration Analysis

FCNCX Category Low Category High FCNCX % Rank
Net Assets 624 M 690 K 259 B 49.87%
Number of Holdings 235 1 17668 57.41%
Net Assets in Top 10 118 M -216 M 21.4 B 50.23%
Weighting of Top 10 18.87% 2.5% 100.0% 55.60%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5% 2.50%
  2. NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 0% 2.25%
  3. NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 0% 2.06%
  4. NORTH CAROLINA DEPT TRANSN PRIVATE ACTIVITY REV 5% 2.02%
  5. NORTH CAROLINA ST LTD OBLIG 5% 1.81%
  6. NORTH CAROLINA CAP FACS FIN AGY REV 5% 1.80%
  7. CHARLOTTE N C ARPT REV 5.38% 1.68%
  8. NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 4.75% 1.64%
  9. NORTH CAROLINA TPK AUTH MONROE CONNECTOR SYS ST APPROPRIATION REV 5% 1.58%
  10. NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 0% 1.54%

Asset Allocation

Weighting Return Low Return High FCNCX % Rank
Bonds
99.82% 80.02% 159.74% 19.36%
Cash
0.46% -59.74% 19.63% 71.45%
Stocks
0.00% -0.98% 25.43% 59.27%
Preferred Stocks
0.00% 0.00% 7.43% 63.42%
Convertible Bonds
0.00% 0.00% 7.23% 75.67%
Other
-0.27% -8.60% 31.85% 97.43%

Bond Sector Breakdown

Weighting Return Low Return High FCNCX % Rank
Municipal
99.54% 0.00% 100.11% 16.40%
Cash & Equivalents
0.46% -29.57% 27.25% 79.35%
Derivative
0.00% -0.83% 22.35% 61.91%
Securitized
0.00% 0.00% 98.40% 80.17%
Corporate
0.00% 0.00% 99.62% 82.89%
Government
0.00% -2.21% 122.41% 82.03%

Bond Geographic Breakdown

Weighting Return Low Return High FCNCX % Rank
US
97.32% 58.28% 156.78% 30.55%
Non US
2.50% -12.35% 26.76% 54.73%

Expenses

FCNCX - Expenses

Operational Fees

FCNCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.37% 0.01% 38.00% 19.86%
Management Fee 0.49% 0.00% 1.10% 79.98%
12b-1 Fee 0.75% 0.00% 1.00% 76.53%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FCNCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 57.97%

Trading Fees

FCNCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FCNCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 0.00% 489.00% 33.35%

Distributions

FCNCX - Distributions

Dividend Yield Analysis

FCNCX Category Low Category High FCNCX % Rank
Dividend Yield 0.33% 0.00% 3.16% 62.45%

Dividend Distribution Analysis

FCNCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FCNCX Category Low Category High FCNCX % Rank
Net Income Ratio 2.02% 0.00% 6.30% 79.18%

Capital Gain Distribution Analysis

FCNCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FCNCX - Fund Manager Analysis

Managers

Daniel Close


Start Date

Tenure

Tenure Rank

Mar 01, 2007

12.93

12.9%

Dan is the lead portfolio manager for the firm’s taxable municipal strategies. He manages several state-specific municipal bond strategies, including Georgia, Kentucky, Michigan, North Carolina, Ohio and Tennessee, and related institutional portfolios. Dan also serves as portfolio manager for the inflation-protected strategy and national closed-end funds. Prior to his current position, he served as a research analyst covering the corporate-backed, energy, transportation and utilities sectors. Before joining the firm in 2000, he worked as an analyst at Banc of America Securities specializing in originating and structuring asset-backed securities. Dan received a BS in business from Miami University in Ohio and an MBA at the J.L. Kellogg School of Management at Northwestern University. He also holds the Chartered Financial Analyst® designation and is a member of the CFA® Institute and the CFA Society of Chicago. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.19 7.42 0.08