Nuveen Michigan Municipal Bond Fund Class C (FAFNX)
| Fund Assets | 297.55M |
| Expense Ratio | 1.65% |
| Min. Investment | $3,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.23 |
| Dividend Yield | 2.27% |
| Dividend Growth | 7.66% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 10.12 |
| YTD Return | -3.16% |
| 1-Year Return | -2.40% |
| 5-Year Return | -7.31% |
| 52-Week Low | 9.98 |
| 52-Week High | 10.77 |
| Beta (5Y) | n/a |
| Holdings | 110 |
| Inception Date | Feb 10, 2014 |
About FAFNX
FAFNX was founded on 2014-02-10. The Fund's investment strategy focuses on Other States Muni with 1.6% total expense ratio. The minimum amount to invest in Nuveen Multistate Trust IV: Nuveen Michigan Municipal Bond Fund; Class C Shares is $3,000 on a standard taxable account. Nuveen Multistate Trust IV: Nuveen Michigan Municipal Bond Fund; Class C Shares seeks provide you with as high a level of current interest income exempt from regular federal, Michigan state and, in some cases, Michigan local income taxes. FAFNX invests at least 80% of its net assets in municipal bonds that pay interest that is exempt from regular federal and Michigan personal income tax.
Performance
FAFNX had a total return of -2.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.60%.
Top 10 Holdings
31.56% of assets| Name | Symbol | Weight |
|---|---|---|
| LANSING MICH BRD WTR & LT UTIL SYS REV 5% | MI.LANUTL 5 07.01.2048 | 5.03% |
| MICHIGAN ST TRUNK LINE 4% | MI.MISTRN 4 11.15.2045 | 4.30% |
| MICHIGAN FIN AUTH REV 4% | MI.MISFIN 4 02.15.2047 | 4.18% |
| MICHIGAN FIN AUTH REV 4% | MI.MISFIN 4 12.01.2049 | 3.94% |
| MICHIGAN FIN AUTH REV 4% | MI.MISFIN 4 11.01.2055 | 3.11% |
| OAKLAND UNIV MICH REV 5% | MI.OKLHGR 5 03.01.2047 | 2.67% |
| LANSING MICH BRD WTR & LT UTIL SYS REV 5% | MI.LANUTL 5 07.01.2044 | 2.47% |
| MICHIGAN FIN AUTH REV 5% | MI.MISFIN 5 11.01.2026 | 2.09% |
| KAREGNONDI WTR AUTH MICH 5% | MI.KARWTR 5 11.01.2041 | 1.89% |
| MICHIGAN ST BLDG AUTH REV 4% | MI.MISFAC 4 10.15.2046 | 1.88% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.0205 | Jul 1, 2025 |
| May 30, 2025 | $0.0205 | Jun 2, 2025 |
| Apr 30, 2025 | $0.0195 | May 1, 2025 |
| Mar 31, 2025 | $0.0195 | Apr 1, 2025 |
| Feb 28, 2025 | $0.0195 | Mar 3, 2025 |
| Jan 31, 2025 | $0.0195 | Feb 3, 2025 |