Nuveen Michigan Municipal Bond Fund Class C (FAFNX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

10.29

-0.01 (-0.10%)

At close: Aug 26, 2026

1.78% (1Y)

Fund Assets	212.50M
Expense Ratio	1.64%
Min. Investment	$3,000
Turnover	19.00%
Dividend (ttm)	0.26
Dividend Yield	2.51%
Dividend Growth	10.95%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 31, 2026

Previous Close	10.30
YTD Return	-0.76%
1-Year Return	4.16%
5-Year Return	-6.30%
52-Week Low	10.09
52-Week High	10.62
Beta (5Y)	0.03
Holdings	127
Inception Date	Feb 10, 2014

About FAFNX

Nuveen Michigan Municipal Bond Fund Class C is a mutual fund focused on generating tax-exempt income by investing predominantly in investment-grade municipal bonds issued in the state of Michigan. The fund is structured to provide investors with a high level of current interest income that is exempt from both regular federal and Michigan state income taxes, making it particularly relevant for investors seeking tax efficiency, especially Michigan residents. Its portfolio typically targets municipal securities such as general obligation and revenue bonds issued by various Michigan municipalities, supporting public projects and infrastructure within the state. This fund aims to balance current income needs with the preservation of capital by maintaining a high allocation to investment-grade credits and monitoring portfolio duration, which is generally over six years. Nuveen Michigan Municipal Bond Fund Class C plays an important role in the municipal bond market by channeling capital to Michigan’s public sector while offering investors exposure to the state’s municipal debt markets and related tax benefits.

Fund Family Nuveen

Category Muni Single State Long

Performance Rating Low

Risk Rating Below Average

Stock Exchange NASDAQ

Ticker Symbol FAFNX

Share Class Class C

Index S&P Municipal Bond TR USD

Performance

FAFNX had a total return of 4.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.94%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
NMMIX	- Class I	0.64%
FMITX	- Class A	0.84%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 31, 2026	$0.0215	Sep 1, 2026
Jul 31, 2026	$0.022	Aug 3, 2026
Jun 30, 2026	$0.022	Jul 1, 2026
May 29, 2026	$0.022	Jun 1, 2026
Apr 30, 2026	$0.022	May 1, 2026
Mar 31, 2026	$0.022	Apr 1, 2026

Full Dividend History