Morningstar

Nuveen Minnesota Intermediate Municipal Bond Fund Class A FAMAX

Morningstar Medalist Rating
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Medalist Rating as of See Nuveen Investment Hub
  • NAV / 1-Day Return $9.50  /  +0.32 %
  • Fund Size $361.1M
  • Adjusted Expense Ratio 0.790%
  • Net Expense Ratio 0.790%
  • Fee Level: Distribution Average
  • Share Class Type Front Load
  • Morningstar Category Muni Minnesota
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 3.17%
  • Average Effective Duration 6.62 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FAMAX

Will FAMAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FAMAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FAMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FAMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Nuveen Minnesota Intermediate Muni Bd A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

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Portfolio Holdings FAMAX

More FAMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MINNESOTA ST 5%

2.64 10M
municipal

HENNEPIN CNTY MINN 5%

1.44 6M
municipal

UNIVERSITY MINN 5%

1.41 5M
municipal

ROCHESTER MINN HEALTH CARE FACS REV 2.95%

1.38 5M
municipal

MINNESOTA ST 5%

1.37 5M
municipal

METROPOLITAN COUNCIL MINN MINNEAPOLIS-ST PAUL MET AREA 5%

1.33 5M
municipal

ST CLOUD MINN HEALTH CARE REV 5%

1.31 5M
municipal

MINNESOTA ST 4%

1.22 5M
municipal

SOUTH WASHINGTON CNTY INDPT SCH DIST NO 833 MINN 4%

1.17 4M
municipal

ROSEVILLE MINN INDPT SCH DIST NO 623 4%

1.14 4M
municipal

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