Nuveen Minnesota Municipal Bond Fund Class I (FYMNX)
| Fund Assets | 650.28M |
| Expense Ratio | 0.59% |
| Min. Investment | $100,000 |
| Turnover | 26.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.81% |
| Dividend Growth | 1.28% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 10.40 |
| YTD Return | -1.11% |
| 1-Year Return | -0.53% |
| 5-Year Return | 0.21% |
| 52-Week Low | 10.19 |
| 52-Week High | 10.94 |
| Beta (5Y) | n/a |
| Holdings | 388 |
| Inception Date | Aug 1, 1997 |
About FYMNX
Nuveen Minnesota Municipal Bond Fund Class I is a mutual fund that focuses on providing investors with maximum current income that is exempt from both federal and Minnesota state income taxes, as far as permitted by prudent investment practices. The fund predominantly invests in investment-grade, long-term municipal bonds issued within Minnesota, targeting a weighted average maturity of 10 to 25 years. Its portfolio is designed to support the state’s infrastructure and public projects, impacting sectors such as healthcare, transportation, and housing, as seen in its notable holdings that include municipal authorities and health care systems within the state. As an institutional share class, the fund is structured for eligible investors such as employee benefit plans and financial intermediaries, offering relatively low expense ratios compared to peers. With a focus on capital preservation and income generation, the fund plays a significant role in the financial market for Minnesota-based investors seeking tax-advantaged fixed income exposure while supporting local economic development.
Performance
FYMNX had a total return of -0.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.85%.
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 | $0.033 | Sep 2, 2025 |
| Jul 31, 2025 | $0.033 | Aug 1, 2025 |
| Jun 30, 2025 | $0.033 | Jul 1, 2025 |
| May 30, 2025 | $0.033 | Jun 2, 2025 |
| Apr 30, 2025 | $0.033 | May 1, 2025 |
| Mar 31, 2025 | $0.033 | Apr 1, 2025 |