Investment Strategy
| The Fund invests primarily in investment-grade municipal bonds and is designed to provide as high a level of current interest income exempt from regular federal, state, and in some cases, local income taxes as is consistent with preservation of capital.* |
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Who should invest
Investors Seeking to:
| - Earn regular monthly dividends
- Keep more of what they earn
- Preserve investment capital over time
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A Word On Risk
| Investing in municipal bonds involves interest rate risk, the risk that interest rates will rise, causing bond prices to fall; and credit risk, the risk that an issuer of a municipal bond will be unable to make interest and principal payments. As with any mutual fund, loss of principal is a risk of investing. |
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Fund Basics: Shares
Select Share Class:
A | B | C | I
| Fund Symbol | FCOTX |
| Fund Cusip | 67065L609 |
| Inception Date | 5/04/1987 |
| Latest NAV as of 9/02/2010 | $10.31 |
| Latest Monthly Dividend (9/01/2010) | $0.0360 |
| Fund Symbol | FCOBX |
| Fund Cusip | 67065L500 |
| Inception Date | 2/25/1997 |
| Latest NAV as of 9/02/2010 | $10.32 |
| Latest Monthly Dividend (9/01/2010) | $0.0300 |
| Fund Symbol | FCOCX |
| Fund Cusip | 67065L807 |
| Inception Date | 2/05/1997 |
| Latest NAV as of 9/02/2010 | $10.29 |
| Latest Monthly Dividend (9/01/2010) | $0.0315 |
| Fund Symbol | |
| Fund Cusip | |
| Inception Date | |
| Latest NAV as of | |
| Fund Symbol | FCORX |
| Fund Cusip | 67065L880 |
| Inception Date | 2/25/1997 |
| Latest NAV as of 9/02/2010 | $10.29 |
| Latest Monthly Dividend (9/01/2010) | $0.0375 |
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Portfolio Manager(s)
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 | Scott Romans, PhD joined Nuveen Investments in 2000 as a senior analyst in the education sector. In January, 2003, he was assigned management responsibility for several closed- and open-ended municipal bond funds most of which are state funds covering California and other western states. Scott holds an undergraduate degree from the University of Pennsylvania and an MA and PhD from the University of Chicago. |
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| *Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax. |
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