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Nuveen MI Municipal Bond A FMITX

Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 10.69  /  0.01 %
  • Total Assets 227.4 Mil
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.840%
  • Distribution Fee Level Above 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 2.66%
  • Effective Duration 7.82 years

Morningstar’s Analysis FMITX

Will FMITX outperform in future?

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

Strength in Nuveen MI Municipal Bond A's Process Pillar is partially offset by an Average People Pillar rating, leading to 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.

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Portfolio Holdings FMITX

  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 124
  • Other Holdings 2
  • % Assets in Top 10 Holdings 25.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LANSING MICH BRD WTR & LT UTIL SYS REV 5%

5.57
13,157,542
municipal

MICHIGAN ST TRUNK LINE 4%

3.92
9,266,758
municipal

MICHIGAN FIN AUTH REV 4%

2.44
5,765,284
municipal

OAKLAND UNIV MICH REV 5%

2.37
5,592,024
municipal

KENT HOSP FIN AUTH MICH REV 4%

2.21
5,215,582
municipal

LANSING MICH BRD WTR & LT UTIL SYS REV 5%

2.18
5,150,607
municipal

GRAND RAPIDS MICH PUB SCHS 5%

1.91
4,517,782
municipal

WEST OTTAWA MICH PUB SCH DIST 5%

1.85
4,367,574
municipal

MICHIGAN FIN AUTH REV 5%

1.73
4,094,605
municipal

MICHIGAN ST BLDG AUTH REV 4%

1.70
4,009,936
municipal