Nuveen Minnesota Intermediate Muni Bd I (FAMTX)
| Fund Assets | 350.50M |
| Expense Ratio | 0.61% |
| Min. Investment | $100,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.23% |
| Dividend Growth | 1.12% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 9.77 |
| YTD Return | 3.84% |
| 1-Year Return | 4.07% |
| 5-Year Return | 6.58% |
| 52-Week Low | 9.35 |
| 52-Week High | 9.80 |
| Beta (5Y) | n/a |
| Holdings | 286 |
| Inception Date | Feb 25, 1994 |
About FAMTX
Nuveen Minnesota Intermediate Municipal Bond Fund Class I is a mutual fund focused on providing investors with a source of tax-exempt income by investing primarily in investment-grade, intermediate-term municipal bonds issued within the state of Minnesota. The fund targets bonds with a weighted average maturity of three to ten years, aiming to balance income generation with capital preservation. It holds a diverse mix of municipal securities, including general obligation bonds, revenue bonds, and participation interests, all selected for their credit quality and compliance with the fund’s guidelines. The income generated is exempt from both federal and Minnesota state income taxes, making it particularly attractive for residents of Minnesota seeking tax-advantaged income. The fund’s portfolio construction and management are designed to minimize risk within the municipal bond sector and provide stable returns, fulfilling a significant role in diversified portfolios focused on tax efficiency and risk-adjusted income generation within the municipal fixed income market.
Performance
FAMTX had a total return of 4.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.61%.
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 |
|---|---|---|
| Nov 28, 2025 | $0.0265 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0265 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0265 | Oct 1, 2025 |
| Aug 29, 2025 | $0.0265 | Sep 2, 2025 |
| Jul 31, 2025 | $0.0265 | Aug 1, 2025 |
| Jun 30, 2025 | $0.0265 | Jul 1, 2025 |