Nuveen Minnesota Intermediate Muni Bd A (FAMAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.67
+0.04 (0.42%)
Sep 5, 2025, 4:00 PM EDT
0.42%
Fund Assets342.15M
Expense Ratio0.81%
Min. Investment$3,000
Turnover21.00%
Dividend (ttm)0.30
Dividend Yield2.97%
Dividend Growth1.37%
Payout FrequencyMonthly
Ex-Dividend DateSep 30, 2025
Previous Close9.63
YTD Return1.65%
1-Year Return1.64%
5-Year Return3.26%
52-Week Low9.39
52-Week High9.87
Beta (5Y)n/a
Holdings283
Inception DateFeb 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.

Fund Family Nuveen
Category Muni Minnesota
Stock Exchange NASDAQ
Ticker Symbol FAMAX
Share Class Class A
Index S&P Municipal Bond Intermediate TR

Performance

FAMAX had a total return of 1.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.45%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
FAMTXClass I0.61%
NIBCXClass C1.61%

Top 10 Holdings

16.27% of assets
NameSymbolWeight
MINNEAPOLIS MINN REV 2.46%MN.MINGEN 12.01.20272.14%
ROCHESTER MINN HEALTH CARE FACS REV 2.08%MN.ROCMED 11.15.20382.04%
Us Dollarsn/a1.75%
HENNEPIN CNTY MINN 5%MN.HEN 5 12.01.20331.71%
MINNESOTA ST 5%MN.MNS 5 08.01.20311.64%
UNIVERSITY MINN 5%MN.UNIHGR 5 04.01.20441.61%
MINNESOTA ST 4%MN.MNS 4 09.01.20381.50%
SOUTH WASHINGTON CNTY INDPT SCH DIST NO 833 MINN 4%MN.SWHSCD 4 02.01.20421.40%
ROSEVILLE MINN INDPT SCH DIST NO 623 4%MN.ROSSCD 4 02.01.20341.33%
PEQUOT LAKES MINN INDPT SCH DIST NO 186 5%MN.PEQSCD 5 02.01.20401.15%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Sep 30, 2025$0.025Oct 1, 2025
Aug 29, 2025$0.025Sep 2, 2025
Jul 31, 2025$0.025Aug 1, 2025
Jun 30, 2025$0.025Jul 1, 2025
May 30, 2025$0.025Jun 2, 2025
Apr 30, 2025$0.0245May 1, 2025
Full Dividend History