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.
Nuveen MI Municipal Bond C FAFNX
- NAV / 1-Day Return 10.63 / +0.12 %
- Total Assets 228.1 Mil
-
Adj. Expense Ratio
- 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.
People Pillar
Parent Pillar
- 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 |