Investment Strategy
| The Fund is designed to provide as high a level of current income exempt from regular federal income taxes.* The Fund's investment adviser looks for higher yielding and undervalued limited-term municipal bonds that offer potentially above-average total return. The advisor invests in a diversified portfolio of investment-grade bonds with short- to intermediate-term maturities. |
Who should invest
Investors Seeking to:
| - Earn regular monthly dividends
- Keep more of what they earn
- Preserve investment capital over time
|
|
Fund Basics: Shares
Select Share Class:
A | C | I†
| Fund Symbol | FLTDX |
| Fund Cusip | 67065Q848 |
| Inception Date | 10/19/1987 |
| Latest NAV as of 11/20/2009 | $10.84 |
| Latest Monthly Dividend (11/27/2009) | $0.0280 |
| Fund Symbol | |
| Fund Cusip | |
| Inception Date | |
| Latest NAV as of | |
| Fund Symbol | FLTCX |
| Fund Cusip | 67065Q830 |
| Inception Date | 12/01/1995 |
| Latest NAV as of 11/20/2009 | $10.80 |
| Latest Monthly Dividend (11/27/2009) | $0.0250 |
| Fund Symbol | |
| Fund Cusip | |
| Inception Date | |
| Latest NAV as of | |
| Fund Symbol | FLTRX |
| Fund Cusip | 67065Q822 |
| Inception Date | 2/06/1997 |
| Latest NAV as of 11/20/2009 | $10.77 |
| Latest Monthly Dividend (11/27/2009) | $0.0295 |
|
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. |
|
|
Portfolio Manager
|
|
 | Paul Brennan, CFA, CPA manages several national open- and closed-end funds. Mr. Brennan began his career in the investment business in 1991 when he was a municipal credit analyst, then became a portfolio manager in 1994. He joined Nuveen Investments in 1997 while at Flagship Financial which Nuveen acquired. He earned his BS in Accountancy and Finance from Wright State University. He is a CPA, has earned the Chartered Financial Analyst designation, and currently sits on the Nuveen Asset Management (NAM) Investment Management Committee. Prior to joining Flagship, Paul was employed at Deloitte & Touche within the audit group which participated in auditing mutual funds and investment advisors. | |
|
|
|
|
† Effective May 1, 2008, Class R shares were renamed Class I shares.
|
| *Income is generally exempt from regular federal income taxes. 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. |
|
|
|