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
US67065N8864
67065N886
Jul 12, 1987
$3,000
Expense Ratio
FCTTX has an expense ratio of 0.78%, 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 Connecticut Municipal Bond Fund (FCTTX) returned -2.16% year-to-date (YTD) and 1.19% over the past 12 months. Over the past 10 years, FCTTX returned 1.48% annually, underperforming the S&P 500 benchmark at 10.85%.
FCTTX
-2.16%
-0.69%
-3.72%
1.19%
1.02%
0.10%
1.48%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of FCTTX, 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 | 0.15% | 1.20% | -1.91% | -0.90% | -0.69% | -2.16% | |||||||
| 2024 | -0.16% | 0.46% | -0.21% | -0.96% | 0.15% | 1.73% | 0.77% | 0.46% | 1.18% | -1.29% | 1.81% | -1.60% | 2.29% |
| 2023 | 3.00% | -2.47% | 1.94% | -0.08% | -0.71% | 0.87% | 0.34% | -1.35% | -2.76% | -1.63% | 6.57% | 2.36% | 5.84% |
| 2022 | -2.68% | -0.67% | -3.55% | -3.19% | 0.92% | -2.56% | 3.04% | -2.77% | -4.33% | -0.89% | 5.48% | -0.31% | -11.36% |
| 2021 | 0.68% | -1.43% | 0.50% | 1.06% | 0.47% | 0.38% | 0.74% | -0.37% | -0.84% | -0.18% | 1.19% | 0.08% | 2.27% |
| 2020 | 1.83% | 1.34% | -3.68% | -2.40% | 2.78% | 1.39% | 1.56% | -0.13% | -0.04% | -0.22% | 1.35% | 0.68% | 4.36% |
| 2019 | 0.64% | 0.44% | 1.21% | 0.44% | 1.39% | 0.34% | 0.71% | 1.55% | -0.59% | 0.06% | 0.15% | 0.15% | 6.68% |
| 2018 | -0.87% | -0.40% | 0.27% | -0.40% | 1.03% | 0.15% | 0.16% | 0.15% | -0.62% | -0.53% | 0.84% | 0.94% | 0.71% |
| 2017 | 0.17% | 0.55% | 0.17% | 0.65% | 1.31% | -0.21% | 0.36% | 0.55% | -0.21% | 0.08% | -0.23% | 0.93% | 4.20% |
| 2016 | 0.92% | 0.09% | 0.46% | 0.74% | 0.37% | 1.64% | -0.27% | 0.26% | -0.46% | -1.01% | -3.60% | 1.14% | 0.17% |
| 2015 | 1.57% | -0.91% | 0.28% | -0.55% | -0.28% | -0.28% | 0.75% | 0.28% | 0.56% | 0.28% | 0.20% | 0.93% | 2.84% |
| 2014 | 2.47% | 0.96% | 0.29% | 1.15% | 1.32% | 0.19% | 0.28% | 1.12% | 0.28% | 0.65% | 0.11% | 0.84% | 10.07% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FCTTX is 17, meaning it’s performing worse than 83% 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 Connecticut Municipal Bond Fund (FCTTX) 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 Connecticut Municipal Bond Fund provided a 3.42% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.29 | $0.27 | $0.23 | $0.25 | $0.31 | $0.31 | $0.32 | $0.34 | $0.36 | $0.33 | $0.36 |
Dividend yield | 3.42% | 3.00% | 2.76% | 2.47% | 2.33% | 2.83% | 2.92% | 3.10% | 3.25% | 3.38% | 3.06% | 3.35% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.13 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 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 | $0.27 |
| 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 | $0.25 |
| 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 | $0.31 |
| 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 | $0.31 |
| 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 | $0.32 |
| 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 | $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 | $0.00 | $0.03 | $0.33 |
| 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 | $0.36 |
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 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 16.27%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Nuveen Connecticut Municipal Bond Fund drawdown is 6.32%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.27% | 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 chart below shows the rolling one-month volatility.
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