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Nuveen MI Municipal Bond C FAFNX

Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 10.63  /  +0.12 %
  • Total Assets 228.1 Mil
  • Adj. Expense Ratio
    1.600%
  • Expense Ratio 1.640%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 1.96%
  • Effective Duration 7.95 years

USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 10:08 PM GMT+0

Morningstar’s Analysis FAFNX

Will FAFNX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Nuveen MI Municipal Bond C's Average People Pillar and Process Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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Portfolio Holdings FAFNX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 26.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LANSING MICH BRD WTR & LT UTIL SYS REV 5%

5.78 13.2 Mil
municipal

MICHIGAN ST TRUNK LINE 4%

4.05 9.2 Mil
municipal

OAKLAND UNIV MICH REV 5%

2.44 5.6 Mil
municipal

MICHIGAN FIN AUTH REV 4%

2.43 5.5 Mil
municipal

KENT HOSP FIN AUTH MICH REV 4%

2.25 5.1 Mil
municipal

LANSING MICH BRD WTR & LT UTIL SYS REV 5%

2.25 5.1 Mil
municipal

GRAND RAPIDS MICH PUB SCHS 5%

1.97 4.5 Mil
municipal

WEST OTTAWA MICH PUB SCH DIST 5%

1.90 4.3 Mil
municipal

MICHIGAN FIN AUTH REV 5%

1.79 4.1 Mil
municipal

MICHIGAN ST BLDG AUTH REV 4%

1.74 4.0 Mil
municipal