FDCDX: Nuveen CT Municipal Bond C

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

FDCDX Nuveen CT Municipal Bond C


Profile

FDCDX - Profile

Vitals

  • YTD Return 2.4%
  • 3 Yr Annualized Return 1.4%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $255 M
  • Holdings in Top 10 20.8%

52 WEEK LOW AND HIGH

$10.94
$10.36
$10.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.60%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 7.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.34%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Connecticut Municipal Bond Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Feb 10, 2014
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Hamilton

Fund Description

Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal and Connecticut personal income tax. These municipal bonds include obligations issued by the State of Connecticut and its subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

FDCDX - Performance

Return Ranking - Trailing

Period FDCDX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -2.2% 10.0% 40.69%
1 Yr 5.4% -3.0% 24.4% 51.38%
3 Yr 1.4%* -3.0% 5.8% 49.20%
5 Yr 0.2%* -2.9% 12.5% 63.93%
10 Yr N/A* -5.2% 3.9% 23.73%

* Annualized

Return Ranking - Calendar

Period FDCDX Return Category Return Low Category Return High Rank in Category (%)
2019 3.6% -1.7% 18.3% 58.86%
2018 -2.4% -11.7% 4.6% 45.83%
2017 0.9% -4.4% 8.3% 59.18%
2016 -3.1% -7.8% 7.7% 84.73%
2015 -0.3% -18.3% 3.0% 24.22%

Total Return Ranking - Trailing

Period FDCDX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -2.2% 10.0% 40.69%
1 Yr 5.4% -3.0% 24.4% 51.24%
3 Yr 1.4%* -3.0% 8.1% 55.70%
5 Yr 0.2%* -2.9% 12.5% 69.87%
10 Yr N/A* -1.3% 7.0% 26.03%

* Annualized

Total Return Ranking - Calendar

Period FDCDX Return Category Return Low Category Return High Rank in Category (%)
2019 3.6% -1.7% 18.3% 59.63%
2018 -2.4% -11.7% 6.5% 54.17%
2017 0.9% -4.4% 10.4% 63.49%
2016 -3.0% -7.8% 10.7% 86.97%
2015 -0.3% -12.6% 4.2% 32.91%

NAV & Total Return History


Holdings

FDCDX - Holdings

Concentration Analysis

FDCDX Category Low Category High FDCDX % Rank
Net Assets 255 M 690 K 259 B 69.24%
Number of Holdings 136 1 17668 74.60%
Net Assets in Top 10 53 M -216 M 21.4 B 67.99%
Weighting of Top 10 20.75% 2.5% 100.0% 50.07%

Top 10 Holdings

  1. CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% 2.86%
  2. CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4% 2.61%
  3. CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% 2.28%
  4. HARTFORD CNTY CONN MET DIST CLEAN WTR PROJ REV 5% 2.21%
  5. CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% 2.07%
  6. CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% 1.94%
  7. CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5.38% 1.73%
  8. SOUTH CENT CONN REGL WTR AUTH WTR SYS REV 5% 1.72%
  9. CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% 1.67%
  10. CONNECTICUT ST SPL TAX OBLIG REV 5% 1.66%

Asset Allocation

Weighting Return Low Return High FDCDX % Rank
Bonds
99.08% 80.02% 159.74% 30.23%
Other
0.65% -8.60% 31.85% 5.97%
Cash
0.28% -59.74% 19.63% 74.71%
Stocks
0.00% -0.98% 25.43% 86.35%
Preferred Stocks
0.00% 0.00% 7.43% 89.17%
Convertible Bonds
0.00% 0.00% 7.23% 92.93%

Bond Sector Breakdown

Weighting Return Low Return High FDCDX % Rank
Municipal
99.72% 0.00% 100.11% 14.15%
Cash & Equivalents
0.28% -29.57% 27.25% 82.53%
Derivative
0.00% -0.83% 22.35% 88.57%
Securitized
0.00% 0.00% 98.40% 93.68%
Corporate
0.00% 0.00% 99.62% 95.11%
Government
0.00% -2.21% 122.41% 94.11%

Bond Geographic Breakdown

Weighting Return Low Return High FDCDX % Rank
US
93.64% 58.28% 156.78% 48.48%
Non US
5.44% -12.35% 26.76% 42.48%

Expenses

FDCDX - Expenses

Operational Fees

FDCDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.60% 0.01% 38.00% 12.50%
Management Fee 0.50% 0.00% 1.10% 89.31%
12b-1 Fee 1.00% 0.00% 1.00% 96.88%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FDCDX 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% 82.68%

Trading Fees

FDCDX 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.

FDCDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 489.00% 5.10%

Distributions

FDCDX - Distributions

Dividend Yield Analysis

FDCDX Category Low Category High FDCDX % Rank
Dividend Yield 0.35% 0.00% 3.16% 59.84%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FDCDX Category Low Category High FDCDX % Rank
Net Income Ratio 2.34% 0.00% 6.30% 64.14%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FDCDX - Fund Manager Analysis

Managers

Michael Hamilton


Start Date

Tenure

Tenure Rank

Jan 01, 2011

9.09

9.1%

Michael S. Hamilton entered the financial services industry in 1989 when he joined FAF. He became a portfolio manager in 1992 and most recently served as Senior Fixed-Income Portfolio Manager at FAF until joining Nuveen Asset Management. He joined Nuveen Asset Management as Senior Vice President and Portfolio Manager on January 1, 2011 in connection with its acquisition of a portion of FAF’s asset management business.

Tenure Analysis

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