Nuveen North Carolina Municipal Bond Fund

Scorecard
3 / 5 Stars
Lipper
4 4 2 5 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
B (Buy)

U.S. News evaluated 80 Muni Single State Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -0.65 percent over the past year, 5.35 percent over the past three years, 5.30 percent over the past five years, and 3.50 percent over the past decade.

Trailing Returns Updated 03.31.2014
Year to date 3.9%
1 Year -0.6%
3 Years (Annualized) 5.3%
5 Years (Annualized) 5.3%
10 Years (Annualized) 3.5%

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Summary

The investment seeks to provide the investors with as high a level of current interest income exempt from regular federal, North Carolina state and, in some cases, North Carolina local income taxes as is consistent with preservation of capital. The fund normally 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.

Fees

Fees are Above Average compared to funds in the same category.
Nuveen North Carolina Municipal Bond Fund has an expense ratio of 1.33 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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