Nuveen Connecticut Municipal Bond Fund (FCTTX)
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. 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
| ISIN | US67065N8864 |
|---|---|
| CUSIP | 67065N886 |
| Issuer | Nuveen |
| Inception Date | Jul 12, 1987 |
| Category | Municipal Bonds |
| Min. Investment | $3,000 |
| Asset Class | Bond |
Expense Ratio
FCTTX has a high expense ratio of 0.78%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nuveen Connecticut Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Nuveen Connecticut Municipal Bond Fund had a return of -0.37% year-to-date (YTD) and 2.59% in the last 12 months. Over the past 10 years, Nuveen Connecticut Municipal Bond Fund had an annualized return of 1.85%, while the S&P 500 had an annualized return of 10.64%, indicating that Nuveen Connecticut Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.37% | 7.50% |
| 1 month | 0.14% | -1.61% |
| 6 months | 6.41% | 17.65% |
| 1 year | 2.59% | 26.26% |
| 5 years (annualized) | 0.63% | 11.73% |
| 10 years (annualized) | 1.85% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.17% | 0.45% | -0.21% | -0.97% | ||||||||
| 2023 | -1.64% | 6.56% | 2.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FCTTX is 21, indicating that it is in the bottom 21% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Nuveen Connecticut Municipal Bond Fund(FCTTX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen Connecticut Municipal Bond Fund (FCTTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuveen Connecticut Municipal Bond Fund granted a 2.84% dividend yield in the last twelve months. The annual payout for that period amounted to $0.27 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.26 | $0.23 | $0.25 | $0.31 | $0.31 | $0.32 | $0.34 | $0.36 | $0.33 | $0.36 | $0.39 |
Dividend yield | 2.84% | 2.70% | 2.41% | 2.31% | 2.83% | 2.92% | 3.08% | 3.25% | 3.39% | 3.06% | 3.34% | 3.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Connecticut 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | ||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 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 |
| 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 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 |
| 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 |
| 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 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 |
| 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 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Nuveen Connecticut 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 Connecticut Municipal Bond Fund was 16.31%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Nuveen Connecticut Municipal Bond Fund drawdown is 6.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.31% | Aug 4, 2021 | 311 | Oct 25, 2022 | — | — | — |
| -13.52% | Jan 24, 2008 | 185 | Oct 16, 2008 | 145 | May 15, 2009 | 330 |
| -11.43% | Feb 1, 1994 | 210 | Nov 21, 1994 | 119 | May 5, 1995 | 329 |
| -10.98% | Mar 10, 2020 | 9 | Mar 20, 2020 | 171 | Nov 20, 2020 | 180 |
| -8.52% | Dec 10, 2012 | 189 | Sep 10, 2013 | 181 | May 30, 2014 | 370 |
Volatility
Volatility Chart
The current Nuveen Connecticut Municipal Bond Fund volatility is 0.74%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.