Nuveen Minnesota Intermediate Municipal Bond Fund Class A (FAMAX)
| Fund Assets | 333.28M |
| Expense Ratio | 0.81% |
| Min. Investment | $3,000 |
| Turnover | 21.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 2.98% |
| Dividend Growth | 1.72% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.62 |
| YTD Return | 0.77% |
| 1-Year Return | 1.21% |
| 5-Year Return | 1.77% |
| 52-Week Low | 9.39 |
| 52-Week High | 9.87 |
| Beta (5Y) | n/a |
| Holdings | 274 |
| Inception Date | Feb 25, 1994 |
About FAMAX
Nuveen Minnesota Intermediate Municipal Bond Fund Class A is a fixed income mutual fund specializing in a diversified portfolio of primarily investment-grade, intermediate-term municipal bonds issued within Minnesota. The fund's central objective is to provide investors with current income that is exempt from both regular federal and Minnesota state income taxes, aligning with the distinctive needs of individuals seeking tax-advantaged income. This fund maintains a targeted weighted average maturity between 3 to 10 years and typically invests at least 80% of its assets in municipal bonds that meet its tax-exemption and credit criteria. Key holdings commonly include bonds issued by Minnesota governmental entities, school districts, and public projects, such as healthcare and transportation infrastructure. The fund features a front-load share class and a moderate expense ratio, and it distributes income monthly. Its market significance lies in offering a practical solution for residents looking for consistent, tax-exempt income while maintaining a balance between yield and interest rate sensitivity through a focus on intermediate-duration bonds.
Performance
FAMAX had a total return of 1.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.43%.
Top 10 Holdings
14.66% of assets| Name | Symbol | Weight |
|---|---|---|
| ROCHESTER MINN HEALTH CARE FACS REV 1.75% | MN.ROCMED 11.15.2038 | 2.20% |
| HENNEPIN CNTY MINN 5% | MN.HEN 5 12.01.2033 | 1.85% |
| UNIVERSITY MINN 5% | MN.UNIHGR 5 04.01.2044 | 1.74% |
| MINNESOTA ST 4% | MN.MNS 4 09.01.2038 | 1.60% |
| SOUTH WASHINGTON CNTY INDPT SCH DIST NO 833 MINN 4% | MN.SWHSCD 4 02.01.2042 | 1.53% |
| ROSEVILLE MINN INDPT SCH DIST NO 623 4% | MN.ROSSCD 4 02.01.2034 | 1.44% |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% | MN.MINAPT 5 01.01.2049 | 1.11% |
| VIRGINIA MINN HSG & REDEV AUTH HEALTH CARE FAC LEASE REV 4% | MN.VIRMED 4 10.01.2029 | 1.09% |
| CHIPPEWA CNTY MINN GROSS REV 4% | MN.CHP 4 03.01.2029 | 1.06% |
| BRAINERD MINN INDPT SCH DIST NO 181 4% | MN.BRASCD 4 02.01.2030 | 1.04% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.025 | Sep 2, 2025 |
| Jul 31, 2025 | $0.025 | Aug 1, 2025 |
| Jun 30, 2025 | $0.025 | Jul 1, 2025 |
| May 30, 2025 | $0.025 | Jun 2, 2025 |
| Apr 30, 2025 | $0.0245 | May 1, 2025 |
| Mar 31, 2025 | $0.0245 | Apr 1, 2025 |