Nuveen Minnesota Intermediate Municipal Bond Fund Class C (NIBCX)
| Fund Assets | 333.28M |
| Expense Ratio | 1.61% |
| Min. Investment | $3,000 |
| Turnover | 21.00% |
| Dividend (ttm) | 0.22 |
| Dividend Yield | 2.28% |
| Dividend Growth | 2.35% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.55 |
| YTD Return | 0.29% |
| 1-Year Return | 0.30% |
| 5-Year Return | -2.41% |
| 52-Week Low | 9.33 |
| 52-Week High | 9.81 |
| Beta (5Y) | n/a |
| Holdings | 274 |
| Inception Date | Feb 10, 2014 |
About NIBCX
Nuveen Minnesota Intermediate Municipal Bond Fund Class C is a mutual fund specializing in intermediate-term municipal bonds that primarily serve residents of Minnesota. Its core purpose is to provide investors with current income that is exempt from both federal and Minnesota state personal income taxes, focusing on tax-advantaged strategies within the municipal bond sector. The fund invests at least 80% of its assets in municipal bonds issued by Minnesota entities, targeting intermediate maturities to balance yield and interest rate risk. The portfolio heavily concentrates in bonds from state agencies, housing authorities, healthcare, and educational institutions, resulting in a high allocation—over 99%—to domestic fixed income securities. It typically holds hundreds of individual bond investments to diversify credit risk, with holdings spanning local government projects, infrastructure, and public services. Distributions are paid monthly, appealing to investors seeking steady tax-exempt income streams. Nuveen Minnesota Intermediate Municipal Bond Fund Class C plays a significant role among state-specific municipal bond funds, acting as a tool for income generation and tax reduction for Minnesota-based investors and organizations concerned with state-focused infrastructure and development financing.
Performance
NIBCX had a total return of 0.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.96%.
Top 10 Holdings
14.66% of assets| Name | Symbol | Weight |
|---|---|---|
| ROCHESTER MINN HEALTH CARE FACS REV 1.75% | MN.ROCMED 11.15.2038 | 2.20% |
| HENNEPIN CNTY MINN 5% | MN.HEN 5 12.01.2033 | 1.85% |
| UNIVERSITY MINN 5% | MN.UNIHGR 5 04.01.2044 | 1.74% |
| MINNESOTA ST 4% | MN.MNS 4 09.01.2038 | 1.60% |
| SOUTH WASHINGTON CNTY INDPT SCH DIST NO 833 MINN 4% | MN.SWHSCD 4 02.01.2042 | 1.53% |
| ROSEVILLE MINN INDPT SCH DIST NO 623 4% | MN.ROSSCD 4 02.01.2034 | 1.44% |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% | MN.MINAPT 5 01.01.2049 | 1.11% |
| VIRGINIA MINN HSG & REDEV AUTH HEALTH CARE FAC LEASE REV 4% | MN.VIRMED 4 10.01.2029 | 1.09% |
| CHIPPEWA CNTY MINN GROSS REV 4% | MN.CHP 4 03.01.2029 | 1.06% |
| BRAINERD MINN INDPT SCH DIST NO 181 4% | MN.BRASCD 4 02.01.2030 | 1.04% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0185 | Sep 2, 2025 |
| Jul 31, 2025 | $0.0185 | Aug 1, 2025 |
| Jun 30, 2025 | $0.0185 | Jul 1, 2025 |
| May 30, 2025 | $0.0185 | Jun 2, 2025 |
| Apr 30, 2025 | $0.018 | May 1, 2025 |
| Mar 31, 2025 | $0.018 | Apr 1, 2025 |