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Nuveen NM Municipal Bond I FNMRX

Quantitative rating as of
  • NAV / 1-Day Return 9.76  /  0.11 %
  • Total Assets 75.5 Mil
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 0.640%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 2.68%
  • Effective Duration 6.84 years

Morningstar’s Analysis FNMRX

Will FNMRX outperform in future?

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

Summary

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Nuveen NM Municipal Bond I's Average Process and Parent pillars limit this strategy to a Morningstar Quantitative Rating of Neutral. The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

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