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FCTCX Nuveen CT Municipal Bond C2

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Fund FCTCX Nuveen CT Municipal Bond C2 FSAZX Fidelity® Arizona Municipal Income  
Similarity
?
100% 85%
Annual Fees
?
$136.78
(1.34% Exp. Ratio)
$56.14
(0.55% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$12,364.74 $15,707.08
Est. savings over 30 yrs +$3,342.33
Return
As of 12/31/16
1 YR RETURN -0.41%
3 YR 3.78%
5 YR 2.41%
10 YR 3.22%
1 YR RETURN 0.00%
3 YR 4.57%
5 YR 3.55%
10 YR 4.10%
Description
The investment seeks a high 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. 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. 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.
The investment seeks a high level of current income, exempt from federal income tax and Arizona personal income tax. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and Arizona personal income taxes. It allocates assets across different market sectors and maturities. The fund invests more than 25% of total assets in municipal securities that finance similar types of projects. It is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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