Nuveen Minnesota Intermediate Muni Bd A (FAMAX)
| Fund Assets | 350.50M |
| Expense Ratio | 0.81% |
| Min. Investment | $3,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 2.93% |
| Dividend Growth | 1.02% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 31, 2025 |
| Previous Close | 9.81 |
| YTD Return | 3.39% |
| 1-Year Return | 3.74% |
| 5-Year Return | 5.33% |
| 52-Week Low | 9.39 |
| 52-Week High | 9.85 |
| Beta (5Y) | n/a |
| Holdings | 286 |
| 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 3.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.49%.
Top 10 Holdings
15.33% of assets| Name | Symbol | Weight |
|---|---|---|
| Minneapolis, Minnesota, Revenue Bonds, University Gateway Project, Variable Rate Demand Obligation Series 1997B | MN.MINGEN 12.01.2027 | 2.10% |
| Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic Series 2008B | MN.ROCMED 11.15.2038 | 2.00% |
| Hennepin County, Minnesota, General Obligation Bonds, Series 2021A | MN.HEN 5 12.01.2033 | 1.69% |
| Minnesota State, General Obligation Bonds, Various Purpose Series 2024A | MN.MNS 5 08.01.2031 | 1.62% |
| University of Minnesota, General Obligation Bonds, Series 2019A | MN.UNIHGR 5 04.01.2044 | 1.58% |
| Minnesota State, General Obligation Bonds, Various Purpose Series 2021A | MN.MNS 4 09.01.2038 | 1.45% |
| South Washington County Independent School District 833, Minnesota, General Obligation Bonds, Refunding Facilities Maintenance Series 2024A | MN.SWHSCD 4 02.01.2042 | 1.38% |
| Roseville Independent School District 623, Ramsey County, Minnesota, General Obligation Bonds, School Building Series 2018A | MN.ROSSCD 4 02.01.2034 | 1.31% |
| Pequot Lakes Independent School District 186, Minnesota, General Obligation Bonds, School Building Series 2025A | MN.PEQSCD 5 02.01.2040 | 1.12% |
| Minneapolis, Minnesota, General Obligation Bonds, Series 2025 | n/a | 1.10% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 31, 2025 | $0.025 | Nov 3, 2025 |
| Sep 30, 2025 | $0.025 | Oct 1, 2025 |
| 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 |