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Nuveen North Carolina Municipal Bond Fund (FLNCX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US67065P8409

CUSIP

67065P840

Issuer

Nuveen

Inception Date

Mar 26, 1986

Min. Investment

$3,000

Asset Class

Bond

Expense Ratio

FLNCX has an expense ratio of 0.76%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
FLNCX vs. BND FLNCX vs. FBND
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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Nuveen North Carolina 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.


500.00%1,000.00%1,500.00%2,000.00%December2025FebruaryMarchAprilMay
410.43%
2,197.74%
FLNCX (Nuveen North Carolina Municipal Bond Fund)
Benchmark (^GSPC)

Returns By Period

Nuveen North Carolina Municipal Bond Fund (FLNCX) returned -1.69% year-to-date (YTD) and -0.15% over the past 12 months. Over the past 10 years, FLNCX returned 1.38% annually, underperforming the S&P 500 benchmark at 10.43%.


FLNCX

YTD

-1.69%

1M

1.67%

6M

-1.12%

1Y

-0.15%

5Y*

-0.10%

10Y*

1.38%

^GSPC (Benchmark)

YTD

-3.70%

1M

13.67%

6M

-5.18%

1Y

9.18%

5Y*

14.14%

10Y*

10.43%

*Annualized

Monthly Returns

The table below presents the monthly returns of FLNCX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.24%0.94%-2.04%-0.81%0.00%-1.69%
2024-0.08%-0.08%-0.30%-0.95%-0.07%1.44%0.83%0.62%1.02%-1.54%1.64%-1.43%1.05%
20233.01%-2.55%2.22%-0.20%-0.98%0.82%0.11%-1.09%-3.23%-1.25%6.31%2.43%5.34%
2022-3.05%-0.51%-3.63%-3.39%1.53%-1.90%2.85%-2.65%-4.73%-0.67%4.95%0.25%-10.84%
20210.69%-1.95%0.60%1.04%0.41%0.24%1.03%-0.48%-1.00%-0.35%0.97%-0.05%1.11%
20202.00%1.33%-3.24%-1.99%3.24%0.54%1.61%-0.44%-0.18%-0.36%1.69%0.70%4.83%
20190.60%0.51%1.63%0.41%1.40%0.47%0.84%1.82%-0.87%0.11%-0.07%0.20%7.24%
2018-1.59%-0.41%0.34%-0.50%1.08%-0.05%0.13%0.04%-0.71%-0.82%1.19%1.18%-0.18%
20170.34%0.43%0.34%0.52%1.54%-0.22%0.52%0.70%-0.40%0.24%-0.31%1.16%4.93%
20161.08%-0.01%0.53%0.80%0.34%1.95%-0.37%0.32%-0.74%-1.10%-3.83%1.19%0.03%
20151.81%-0.99%0.26%-0.73%-0.10%-0.28%0.82%0.36%0.27%0.26%0.45%0.90%3.04%
20142.23%1.25%0.67%1.23%1.29%0.00%0.37%1.28%0.18%0.54%0.09%0.55%10.11%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of FLNCX is 20, meaning it’s performing worse than 80% 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.


The Risk-Adjusted Performance Rank of FLNCX is 2020
Overall Rank
The Sharpe Ratio Rank of FLNCX is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of FLNCX is 1919
Sortino Ratio Rank
The Omega Ratio Rank of FLNCX is 1919
Omega Ratio Rank
The Calmar Ratio Rank of FLNCX is 2222
Calmar Ratio Rank
The Martin Ratio Rank of FLNCX is 2222
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Nuveen North Carolina Municipal Bond Fund (FLNCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The current Nuveen North Carolina Municipal Bond Fund Sharpe ratio is -0.03. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Nuveen North Carolina Municipal Bond Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
-0.03
0.48
FLNCX (Nuveen North Carolina Municipal Bond Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Nuveen North Carolina Municipal Bond Fund provided a 2.64% dividend yield over the last twelve months, with an annual payout of $0.26 per share. The fund has been increasing its distributions for 3 consecutive years.


2.00%2.50%3.00%$0.00$0.10$0.20$0.30$0.4020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.26$0.27$0.25$0.20$0.20$0.24$0.27$0.30$0.31$0.33$0.35$0.37

Dividend yield

2.64%2.74%2.44%2.06%1.72%2.11%2.45%2.79%2.85%3.08%3.16%3.33%

Monthly Dividends

The table displays the monthly dividend distributions for Nuveen North Carolina Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.02$0.02$0.02$0.00$0.00$0.07
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$0.27
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$0.25
2022$0.02$0.01$0.01$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.04$0.20
2021$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.01$0.02$0.01$0.20
2020$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.24
2019$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
2018$0.03$0.03$0.03$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.30
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$0.31
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$0.33
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$0.35
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$0.37

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.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-7.64%
-7.82%
FLNCX (Nuveen North Carolina Municipal Bond Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Nuveen North Carolina 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 North Carolina Municipal Bond Fund was 16.51%, occurring on Oct 26, 2022. The portfolio has not yet recovered.

The current Nuveen North Carolina Municipal Bond Fund drawdown is 7.64%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-16.51%Aug 4, 2021312Oct 26, 2022
-13.74%Jan 24, 2008185Oct 16, 2008127Apr 21, 2009312
-11.8%Mar 10, 20209Mar 20, 2020177Dec 1, 2020186
-11.22%Feb 1, 1994210Nov 21, 1994125May 15, 1995335
-8.17%Dec 11, 2012185Sep 5, 2013164May 1, 2014349

Volatility

Volatility Chart

The current Nuveen North Carolina Municipal Bond Fund volatility is 3.64%, 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.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
3.64%
11.21%
FLNCX (Nuveen North Carolina Municipal Bond Fund)
Benchmark (^GSPC)