Skip to Content
Morningstar

Nuveen MI Municipal Bond A FMITX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 10.54  /  −0.09 %
  • Total Assets 225.7 Mil
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.840%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 2.75%
  • Effective Duration 7.95 years

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 10:17 PM GMT+0

Morningstar’s Analysis FMITX

Will FMITX outperform in future?

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

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMITX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMITX 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 FMITX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Nuveen MI Municipal Bond A's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FMITX

More FMITX Holdings
  • 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