Nuveen Minnesota Intermediate Muni Bd I (FAMTX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.58
+0.02 (0.21%)
Sep 3, 2025, 4:00 PM EDT
0.21%
Fund Assets342.15M
Expense Ratio0.61%
Min. Investment$100,000
Turnover21.00%
Dividend (ttm)0.31
Dividend Yield3.28%
Dividend Growth1.29%
Payout FrequencyMonthly
Ex-Dividend DateSep 30, 2025
Previous Close9.56
YTD Return1.26%
1-Year Return1.40%
5-Year Return3.86%
52-Week Low9.35
52-Week High9.83
Beta (5Y)n/a
Holdings283
Inception DateFeb 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.

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

Performance

FAMTX had a total return of 1.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.54%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
FAMAXClass A0.81%
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$0.0265Oct 1, 2025
Aug 29, 2025$0.0265Sep 2, 2025
Jul 31, 2025$0.0265Aug 1, 2025
Jun 30, 2025$0.0265Jul 1, 2025
May 30, 2025$0.0265Jun 2, 2025
Apr 30, 2025$0.026May 1, 2025
Full Dividend History