Nuveen New Mexico Municipal Bond Fund Class A (FNMTX)
| Fund Assets | 67.19M |
| Expense Ratio | 0.90% |
| Min. Investment | $3,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.05% |
| Dividend Growth | 2.76% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 30, 2025 |
| Previous Close | 9.37 |
| YTD Return | -1.69% |
| 1-Year Return | 0.15% |
| 5-Year Return | 3.29% |
| 52-Week Low | 9.09 |
| 52-Week High | 9.82 |
| Beta (5Y) | 0.97 |
| Holdings | 77 |
| Inception Date | Sep 14, 1992 |
About FNMTX
The investment seeks as high a level of current interest income exempt from regular federal, New Mexico State and, in some cases, New Mexico local income taxes as is consistent with preservation of capital. Under normal market conditions, the fund invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher at the time of purchase by at least one independent rating agency, or, if unrated, judged by the fund's sub-adviser to be of comparable quality. The fund may invest up to 20% of its net assets in below investment grade municipal bonds, commonly referred to as "high yield" or "junk" bonds.
Performance
FNMTX had a total return of 0.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.84%.
Top 10 Holdings
25.78% of assets| Name | Symbol | Weight |
|---|---|---|
| CENTRAL NEW MEXICO CMNTY COLLEGE 4% | NM CENHGR 4 08.15.2037 | 3.60% |
| LOS RANCHOS DE ALBUQUERQUE NEW MEXICO EDL FACS REV 4% | NM LSREDU 4 09.01.2040 | 3.16% |
| ALBUQUERQUE N MEX REFUSE REMOVAL & DISP REV 4% | NM ALBUTL 4 07.01.2043 | 2.80% |
| UNIVERSITY N MEX UNIV REVS 5.5% | NM UNMHGR 5.5 06.01.2053 | 2.74% |
| VIRGIN ISLANDS PUB FIN AUTH REV 5% | VI VITGEN 5 10.01.2032 | 2.65% |
| NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 5% | NM NMSMED 5 08.01.2044 | 2.33% |
| SANTA FE N MEX WTR UTIL SYS REV 4% | NM SFEWTR 4 06.01.2039 | 2.23% |
| NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 4% | NM NMSMED 4 06.01.2034 | 2.15% |
| NEW MEXICO FIN AUTH REV 5% | NM NMSGEN 5 06.01.2041 | 2.10% |
| SANTA FE NEW MEXICO RETIREMENT FAC REV 5% | NM STEFAC 5 05.15.2042 | 2.02% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 30, 2025 | $0.0245 | Jun 2, 2025 |
| Apr 30, 2025 | $0.0245 | May 1, 2025 |
| Mar 31, 2025 | $0.0245 | Apr 1, 2025 |
| Feb 28, 2025 | $0.0245 | Mar 3, 2025 |
| Jan 31, 2025 | $0.025 | Feb 3, 2025 |
| Dec 31, 2024 | $0.025 | Dec 31, 2024 |