Nuveen Colorado Municipal Bond Fund (FCOTX)
The investment seeks as high a level of current interest income exempt from regular federal, Colorado State and, in some cases, Colorado local income taxes as is consistent with preservation of capital. Under normal market conditions, the fund 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.
Fund Info
US67065L6092
67065L609
May 3, 1987
$3,000
Expense Ratio
FCOTX has an expense ratio of 0.77%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Nuveen Colorado Municipal Bond Fund (FCOTX) returned -2.44% year-to-date (YTD) and 0.63% over the past 12 months. Over the past 10 years, FCOTX returned 2.04% annually, underperforming the S&P 500 benchmark at 10.99%.
FCOTX
-2.44%
-0.61%
-3.88%
0.63%
1.05%
0.09%
2.04%
^GSPC (Benchmark)
0.92%
4.38%
-1.84%
12.48%
13.05%
13.71%
10.99%
Monthly Returns
The table below presents the monthly returns of FCOTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.01% | 0.99% | -1.59% | -1.12% | -0.41% | -0.31% | -2.44% | ||||||
| 2024 | -0.11% | 0.19% | -0.39% | -0.72% | -0.01% | 1.60% | 0.78% | 0.48% | 1.07% | -1.18% | 1.68% | -1.28% | 2.07% |
| 2023 | 3.16% | -2.59% | 2.06% | -0.05% | -0.72% | 0.97% | 0.27% | -1.52% | -2.96% | -1.70% | 7.14% | 2.38% | 6.17% |
| 2022 | -2.60% | -0.57% | -2.95% | -3.05% | 0.96% | -2.05% | 2.78% | -2.60% | -4.46% | -1.03% | 5.42% | -0.07% | -10.14% |
| 2021 | 0.43% | -1.78% | 0.70% | 1.05% | 0.32% | 0.32% | 0.85% | -0.38% | -0.91% | -0.27% | 1.09% | 0.14% | 1.53% |
| 2020 | 1.86% | 1.62% | -4.12% | -1.73% | 3.58% | 0.92% | 1.73% | -0.43% | 0.01% | -0.26% | 1.61% | 0.61% | 5.32% |
| 2019 | 0.47% | 0.56% | 1.69% | 0.46% | 1.36% | 0.43% | 0.89% | 1.89% | -0.65% | -0.03% | 0.14% | 0.32% | 7.75% |
| 2018 | -1.12% | -0.38% | 0.56% | -0.39% | 1.03% | 0.08% | -0.01% | 0.28% | -0.67% | -0.68% | 0.95% | 1.24% | 0.87% |
| 2017 | 0.27% | 0.64% | 0.36% | 0.64% | 1.49% | -0.11% | 0.54% | 0.64% | -0.19% | 0.27% | -0.01% | 1.11% | 5.79% |
| 2016 | 1.03% | -0.07% | 0.75% | 0.75% | 0.45% | 2.00% | -0.18% | 0.25% | -0.64% | -1.10% | -4.05% | 1.23% | 0.29% |
| 2015 | 1.80% | -0.97% | 0.50% | -0.52% | -0.24% | 0.04% | 0.79% | 0.30% | 0.58% | 0.30% | 0.67% | 1.04% | 4.34% |
| 2014 | 2.53% | 1.31% | 0.52% | 1.39% | 1.56% | 0.23% | 0.23% | 1.36% | 0.32% | 0.88% | 0.22% | 0.73% | 11.83% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FCOTX is 16, meaning it’s performing worse than 84% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen Colorado Municipal Bond Fund (FCOTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Nuveen Colorado Municipal Bond Fund provided a 3.60% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.35 | $0.32 | $0.23 | $0.20 | $0.26 | $0.33 | $0.35 | $0.34 | $0.36 | $0.40 | $0.41 |
Dividend yield | 3.60% | 3.44% | 3.12% | 2.36% | 1.78% | 2.27% | 2.97% | 3.30% | 3.15% | 3.39% | 3.66% | 3.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Colorado Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.15 | ||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Nuveen Colorado Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nuveen Colorado Municipal Bond Fund was 15.40%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Nuveen Colorado Municipal Bond Fund drawdown is 5.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.4% | Jul 21, 2021 | 321 | Oct 25, 2022 | — | — | — |
| -13.78% | Jan 24, 2008 | 226 | Dec 15, 2008 | 177 | Aug 28, 2009 | 403 |
| -12.28% | Mar 10, 2020 | 9 | Mar 20, 2020 | 94 | Aug 4, 2020 | 103 |
| -11.96% | Feb 1, 1994 | 210 | Nov 21, 1994 | 119 | May 5, 1995 | 329 |
| -8.37% | May 3, 2013 | 87 | Sep 5, 2013 | 163 | Apr 30, 2014 | 250 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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