FCTTX

About FCTTX

Nuveen Connecticut Municipal Bond Fund Class A is a mutual fund specializing in investment-grade municipal bonds issued primarily within Connecticut. Its primary objective is to generate a high level of current income that is exempt from regular federal, Connecticut state, and, in certain cases, local income taxes—a feature particularly beneficial for investors seeking tax-advantaged income. The fund emphasizes preservation of capital while maintaining a diversified portfolio comprising a substantial number of holdings, typically municipal securities supporting infrastructure, education, and public services within Connecticut. Notably, it invests primarily in higher-quality bonds but allows up to 20% exposure to below investment grade, or high-yield, municipal bonds to enhance yield potential. Nuveen Connecticut Municipal Bond Fund Class A plays a significant role for residents of Connecticut and tax-sensitive investors by providing access to municipal debt markets with the added benefit of targeted tax exemption, while actively managing interest rate and credit risk with a focus on capital preservation and income stability.