Nuveen Minnesota Intermediate Municipal Bond Fund Class A (FAMAX)
| Fund Assets | 341.42M |
| Expense Ratio | 0.81% |
| Min. Investment | $3,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 2.93% |
| Dividend Growth | 4.26% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2025 |
| Previous Close | 9.74 |
| YTD Return | 0.82% |
| 1-Year Return | 2.57% |
| 5-Year Return | 2.08% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | n/a |
| Holdings | 274 |
| Inception Date | Feb 25, 1994 |
About FAMAX
FAMAX was founded on 1994-02-25. The Fund's investment strategy focuses on Oth St Intmdt Muni with 0.8% total expense ratio. The minimum amount to invest in Nuveen Investment Funds, Inc: Nuveen Minnesota Intermediate Municipal Bond Fund; Class A Shares is $3,000 on a standard taxable account. Nuveen Investment Funds, Inc: Nuveen Minnesota Intermediate Municipal Bond Fund; Class A Shares seeks maximum current income that is exempt from both federal income tax and Minnesota state income tax to the extent consistent with prudent investment risk. FAMAX invests at least 80% of its net assets in municipal bonds that pay interest that is exempt from regular federal and Minnesota personal income tax.
Performance
FAMAX had a total return of 2.57% in the past year. Since the fund's inception, the average annual return has been 3.48%, including dividends.
Top 10 Holdings
14.39% of assets| Name | Symbol | Weight |
|---|---|---|
| ST PAUL MINN HSG & REDEV AUTH HEALTH CARE FAC REV 5% | MN STPHSG 5 07.01.2029 | 2.00% |
| HENNEPIN CNTY MINN 5% | MN HEN 5 12.01.2033 | 1.92% |
| UNIVERSITY MINN 5% | MN UNIHGR 5 04.01.2044 | 1.82% |
| MINNESOTA ST 4% | MN MNS 4 09.01.2038 | 1.68% |
| ROSEVILLE MINN INDPT SCH DIST NO 623 4% | MN ROSSCD 4 02.01.2034 | 1.48% |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% | MN MINAPT 5 01.01.2049 | 1.16% |
| VIRGINIA MINN HSG & REDEV AUTH HEALTH CARE FAC LEASE REV 4% | MN VIRMED 4 10.01.2029 | 1.11% |
| CHIPPEWA CNTY MINN GROSS REV 4% | MN CHP 4 03.01.2029 | 1.08% |
| BRAINERD MINN INDPT SCH DIST NO 181 4% | MN BRASCD 4 02.01.2030 | 1.07% |
| MINNESOTA ST HSG FIN AGY 4% | MN MNSHSG 4 08.01.2039 | 1.06% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2025 | $0.0245 | Apr 1, 2025 |
| Feb 28, 2025 | $0.0245 | Mar 3, 2025 |
| Jan 31, 2025 | $0.0245 | Feb 3, 2025 |
| Dec 31, 2024 | $0.0245 | Dec 31, 2024 |
| Nov 29, 2024 | $0.0245 | Dec 2, 2024 |
| Oct 31, 2024 | $0.0245 | Nov 1, 2024 |