Nuveen Connecticut Municipal Bond Fund
Data updated: 2026-07-24
C000001526 — Nuveen Connecticut Municipal Bond Fund. Long Municipal - National Bond · $252.38M AUM. Holdings, fees, performance and SEC filings.
C000001526 Fund Overview
Nuveen Connecticut Municipal Bond Fund is a US mutual fund managed by Nuveen Multistate Trust II /ma/, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Nuveen Multistate Trust II /ma/
- Category: Long Municipal - National Bond
- Assets under management: $252.38M
- 1-year return: 5.3%
- SEC CIK: 0001018975
- SEC series ID: S000000554
- Share class ID: C000001526
C000001526 Investment Objective and Strategy
Nuveen Connecticut Municipal Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Nuveen Multistate Trust II /ma/.
Investment objective
The investment objective of the Fund is to provide you with as high a level of current interest income exempt from regular federal, Connecticut state and, in some cases, Connecticut local income taxes as is consistent with preservation of capital.
Principal investment strategy
Under normal market conditions, 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. Regular federal personal income tax is different from, and does not include, the federal alternative minimum tax. These municipal bonds include obligations issued by the State of Connecticut and its subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories (such as Puerto Rico, the U.S. Virgin Islands and Guam) 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 municipal bonds that are exempt from regular federal income tax, but not from Connecticut personal income tax if, in the judgment of the Funds sub-adviser, such purchases are expected to enhance the Fund's after-tax total return potential.
The Fund may invest without limit in securities that generate income subject to the alternative minimum tax on individuals, therefore, the Fund may not be suitable for investors subject to the federal alternative minimum tax on individuals. The Fund is a long-term bond fund and, as such, will generally maintain, under normal market conditions, an investment portfolio with an overall weighted average maturity of greater than 10 years. Under normal market conditions, the Fund 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 Funds 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.
The Fund may invest in all types of municipal bonds, including general obligation bonds, revenue bonds and participation interests in municipal leases. The Fund may invest in zero coupon bonds, which are issued at substantial discounts from their value at maturity and pay no cash income to their holders until they mature. The Fund may invest up to 15% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates ( inverse floaters ). Inverse floaters are derivative securities that provide leveraged exposure to underlying municipal bonds. The Funds investments in inverse floaters are designed to increase the Funds income and returns through this leveraged exposure. These investments are speculative, however, and also create the possibility that income and returns will be diminished.
The Fund may utilize the following derivatives: futures contracts, swap contracts, options on futures contracts and options on swap contracts. The Fund may use these derivatives in an attempt to manage market risk, credit risk and yield curve risk, and to manage the effective maturity or duration of securities in the Funds portfolio. The Funds sub-adviser uses a value-oriented strategy and looks for higher-yielding and undervalued long-term municipal bonds that offer above-average total return. The sub-adviser may choose to sell municipal bonds with deteriorating credit or limited upside potential compared to other available bonds. The Fund is primarily designed for investment by Connecticut taxpayers.
C000001526 Holdings
Top 10 holdings of Nuveen Connecticut Municipal Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Connecticut State, General Obligation Bonds, Series 2026A | 2.50% |
| Connecticut Airport Authority, Connecticut, Customer Facility Charge Revenue Bonds, Ground Transportation Center Project, Series 2019A | 2.44% |
| Connecticut Health and Educational Facilities Authority, Revenue Bonds, Nuvance Health Series 2019A | 2.22% |
| New Britain, Connecticut, General Obligation Bonds, Series 2022A | 2.06% |
| Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart University, Series 2017I-1 | 2.05% |
| Connecticut Health and Educational Facilities Authority, Revenue Bonds, Connecticut Children?s Medical Center and Subsidiaries, Series 2023E | 1.88% |
| Connecticut Health and Educational Facilities Authority, Revenue Bonds, Masonicare Issue, Series 2016F | 1.73% |
| Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2016E-3 | 1.68% |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1 | 1.62% |
| Connecticut Health and Educational Facilities Authority, Revenue Bonds, Trinity College, Series 2021S | 1.51% |
C000001526 Portfolio Allocation
Asset-class allocation of Nuveen Connecticut Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 99.1% |
C000001526 Performance
Total returns for C000001526 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.3% |
C000001526 Risk Information
Risk metrics for C000001526, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.9%
C000001526 Costs and Fees
C000001526 costs about $135 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.35%
- Gross expense ratio: 1.35%
- Portfolio turnover: 13%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000001526 Cashflows
Over the 12 months to 2026-05, Nuveen Connecticut Municipal Bond Fund had net inflows of $25.09M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $1.18M |
| 2026-04 | $4.01M |
| 2026-03 | $7.24M |
| 2026-02 | $5.02M |
| 2026-01 | $1.19M |
| 2025-12 | $1.95M |
C000001526 Debt Constituents
Largest debt holdings of Nuveen Connecticut Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Connecticut State, General Obligation Bonds, Series 2026A | 2.50% |
| Connecticut Airport Authority, Connecticut, Customer Facility Charge Revenue Bonds, Ground Transportation Center Project, Series 2019A | 2.44% |
| Connecticut Health and Educational Facilities Authority, Revenue Bonds, Nuvance Health Series 2019A | 2.22% |
| New Britain, Connecticut, General Obligation Bonds, Series 2022A | 2.06% |
| Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart University, Series 2017I-1 | 2.05% |
| Connecticut Health and Educational Facilities Authority, Revenue Bonds, Connecticut Children?s Medical Center and Subsidiaries, Series 2023E | 1.88% |
| Connecticut Health and Educational Facilities Authority, Revenue Bonds, Masonicare Issue, Series 2016F | 1.73% |
| Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2016E-3 | 1.68% |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1 | 1.62% |
| Connecticut Health and Educational Facilities Authority, Revenue Bonds, Trinity College, Series 2021S | 1.51% |
C000001526 Prospectus and SEC Filings
Official Nuveen Connecticut Municipal Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-06-26
- Prospectus (485BPOS) — filed 2025-06-27
- Prospectus (485BPOS) — filed 2024-06-28
- Portfolio holdings (N-PORT) — filed 2026-07-24
- Portfolio holdings (N-PORT) — filed 2026-04-27
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2026-05-13
- Annual census (N-CEN) — filed 2025-05-13
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.