Nuveen Minnesota Municipal Bond Fund Class A (FJMNX)
| Fund Assets | 650.28M |
| Expense Ratio | 0.79% |
| Min. Investment | $3,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.45% |
| Dividend Growth | 0.67% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.41 |
| YTD Return | -1.24% |
| 1-Year Return | -0.71% |
| 5-Year Return | -0.83% |
| 52-Week Low | 10.20 |
| 52-Week High | 10.96 |
| Beta (5Y) | n/a |
| Holdings | 388 |
| Inception Date | Jul 11, 1988 |
About FJMNX
Nuveen Minnesota Municipal Bond Fund Class A is a municipal bond mutual fund focused on generating current income that is exempt from both federal and Minnesota state income tax. This fund invests primarily in a diversified portfolio of investment-grade, long-term municipal bonds issued within the state of Minnesota, aiming for a weighted average maturity between 10 and 25 years. Its primary purpose is to provide tax-advantaged income for individuals, especially those residing in Minnesota who can benefit from the double tax exemption. The fund’s holdings are concentrated across sectors critical to Minnesota’s economy, including healthcare, airports, housing, and public infrastructure. By emphasizing bonds with high credit quality and prudent risk management, this fund serves investors seeking tax-efficient income sources while supporting public financing initiatives within the state. Nuveen Minnesota Municipal Bond Fund Class A holds a notable presence in the state-specific municipal bond market, offering targeted exposure for investors looking to align their portfolios with regional development and stable income objectives.
Performance
FJMNX had a total return of -0.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.06%.
Top 10 Holdings
14.89% of assets| Name | Symbol | Weight |
|---|---|---|
| DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5% | MN.DULDEV 5 02.15.2048 | 2.04% |
| WESTERN MINN MUN PWR AGY MINN PWR SUPPLY REV 5% | MN.WESPWR 5 01.01.2049 | 1.76% |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% | MN.MINAPT 5 01.01.2047 | 1.73% |
| MINNEAPOLIS MINN HEALTH CARE SYS REV 4% | MN.MINMED 4 11.15.2039 | 1.51% |
| ST CLOUD MINN HEALTH CARE REV 5% | MN.SUDMED 5 05.01.2048 | 1.46% |
| ROCHESTER MINN HEALTH CARE FACS REV 2.95% | MN.MNHOSP 11.15.2064 | 1.40% |
| HENNEPIN CNTY MINN 5% | MN.HEN 5 12.01.2043 | 1.27% |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% | MN.MINAPT 5 01.01.2046 | 1.27% |
| MINNESOTA ST 5% | MN.MNS 5 08.01.2044 | 1.23% |
| MINNEAPOLIS MINN HEALTH CARE SYS REV 4.1% | MN.MINMED 11.15.2048 | 1.23% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.031 | Sep 2, 2025 |
| Jul 31, 2025 | $0.031 | Aug 1, 2025 |
| Jun 30, 2025 | $0.031 | Jul 1, 2025 |
| May 30, 2025 | $0.031 | Jun 2, 2025 |
| Apr 30, 2025 | $0.031 | May 1, 2025 |
| Mar 31, 2025 | $0.031 | Apr 1, 2025 |