FCNRX — Nuveen North Carolina Municipal Bond Fund
Data updated: 2026-07-24
FCNRX — Nuveen North Carolina Municipal Bond Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $487.65M AUM · 0.61% expense ratio · 4.9% 1-yr return. From SEC regulatory filings.
FCNRX Fund Overview
FCNRX — Nuveen North Carolina Municipal Bond Fund is a US mutual fund managed by Nuveen Multistate Trust III, 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 III
- Category: Long Municipal - National Bond
- Assets under management: $487.65M
- 1-year return: 4.9%
- Ticker: FCNRX
- SEC CIK: 0001020661
- SEC series ID: S000000562
- Share class ID: C000001559
FCNRX Holdings
Top 10 holdings of Nuveen North Carolina Municipal Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Novant Health Obligated Group, Series 2019A | 5.36% |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B | 2.75% |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B | 2.64% |
| North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot Lanes Project, Series 2015 | 2.07% |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B | 2.06% |
| University of North Carolina, Chapel Hill, Revenue Bonds, Hospital System, Series 2019 | 1.86% |
| Cabarrus County, North Carolina, Limited Obligation Installment Financing Contract Bonds, Refunding Series 2024A | 1.54% |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2 | 1.51% |
| Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Series 2023A | 1.27% |
| University of North Carolina, Greensboro, General Revenue Bonds, Series 2018 | 1.26% |
FCNRX Portfolio Allocation
Asset-class allocation of Nuveen North Carolina Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.9% |
FCNRX Performance
Total returns for FCNRX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.3% |
| 1 year | 4.9% |
| 3 years (annualised) | 4.1% |
| 5 years (annualised) | 0.7% |
FCNRX Risk Information
Risk metrics for FCNRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.4%
FCNRX Costs and Fees
FCNRX costs about $61 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.61%
- Gross expense ratio: 0.61%
- Portfolio turnover: 18%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FCNRX Cashflows
Over the 12 months to 2026-02, Nuveen North Carolina Municipal Bond Fund had net outflows of $27.69M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $2.78M |
| 2026-01 | $1.18M |
| 2025-12 | $2.33M |
| 2025-11 | $2.97M |
| 2025-10 | −$447.25K |
| 2025-09 | −$2.10M |
FCNRX Debt Constituents
Largest debt holdings of Nuveen North Carolina Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Novant Health Obligated Group, Series 2019A | 5.36% |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B | 2.75% |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B | 2.64% |
| North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot Lanes Project, Series 2015 | 2.07% |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B | 2.06% |
| University of North Carolina, Chapel Hill, Revenue Bonds, Hospital System, Series 2019 | 1.86% |
| Cabarrus County, North Carolina, Limited Obligation Installment Financing Contract Bonds, Refunding Series 2024A | 1.54% |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2 | 1.51% |
| Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Series 2023A | 1.27% |
| University of North Carolina, Greensboro, General Revenue Bonds, Series 2018 | 1.26% |
FCNRX Prospectus and SEC Filings
Official Nuveen North Carolina Municipal Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
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.