Nuveen Minnesota Intermediate Muni Bd I (FAMTX)
| Fund Assets | 350.50M |
| Expense Ratio | 0.61% |
| Min. Investment | $100,000 |
| Turnover | 21.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.24% |
| Dividend Growth | 1.29% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 9.70 |
| YTD Return | 2.53% |
| 1-Year Return | 2.26% |
| 5-Year Return | 5.06% |
| 52-Week Low | 9.35 |
| 52-Week High | 9.83 |
| Beta (5Y) | n/a |
| Holdings | 283 |
| 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 2.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.58%.
Top 10 Holdings
16.27% of assets| Name | Symbol | Weight |
|---|---|---|
| MINNEAPOLIS MINN REV 2.46% | MN.MINGEN 12.01.2027 | 2.14% |
| ROCHESTER MINN HEALTH CARE FACS REV 2.08% | MN.ROCMED 11.15.2038 | 2.04% |
| Us Dollars | n/a | 1.75% |
| HENNEPIN CNTY MINN 5% | MN.HEN 5 12.01.2033 | 1.71% |
| MINNESOTA ST 5% | MN.MNS 5 08.01.2031 | 1.64% |
| UNIVERSITY MINN 5% | MN.UNIHGR 5 04.01.2044 | 1.61% |
| MINNESOTA ST 4% | MN.MNS 4 09.01.2038 | 1.50% |
| SOUTH WASHINGTON CNTY INDPT SCH DIST NO 833 MINN 4% | MN.SWHSCD 4 02.01.2042 | 1.40% |
| ROSEVILLE MINN INDPT SCH DIST NO 623 4% | MN.ROSSCD 4 02.01.2034 | 1.33% |
| PEQUOT LAKES MINN INDPT SCH DIST NO 186 5% | MN.PEQSCD 5 02.01.2040 | 1.15% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| May 30, 2025 | $0.0265 | Jun 2, 2025 |
| Apr 30, 2025 | $0.026 | May 1, 2025 |