Nuveen MI Municipal Bond C holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.
Nuveen Michigan Municipal Bond Fund Class C FAFNX
- NAV / 1-Day Return 10.49 / −0.19 %
- Total Assets 218.1M
-
Adj. Expense Ratio
1.610%
- 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 2,500
- Status Open
- TTM Yield 2.49%
- Effective Duration 8.72 years
USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 2:09 AM GMT+0
Morningstar’s Analysis FAFNX
Will FAFNX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the FAFNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FAFNX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 30.2
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
LANSING MICH BRD WTR & LT UTIL SYS REV 5% | 5.05 | 10M | municipal |
MICHIGAN ST TRUNK LINE 4% | 4.47 | 9M | municipal |
MICHIGAN FIN AUTH REV 4% | 4.10 | 8M | municipal |
MICHIGAN FIN AUTH REV 4% | 3.96 | 8M | municipal |
MICHIGAN FIN AUTH REV 4% | 3.17 | 6M | municipal |
LANSING MICH BRD WTR & LT UTIL SYS REV 5% | 2.49 | 5M | municipal |
Us Dollars | 2.49 | 5M | Cash and Equivalents |
MICHIGAN FIN AUTH REV 5% | 2.04 | 4M | municipal |
MICHIGAN ST BLDG AUTH REV 4% | 1.89 | 4M | municipal |
WAYNE CNTY MICH ARPT AUTH REV 5% | 1.79 | 4M | municipal |
United States