Morningstar

Nuveen New Mexico Municipal Bond Fund Class I FNMRX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 9.75  /  +0.10 %
  • Total Assets 70.9M
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 0.700%
  • 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 3.30%
  • Effective Duration 7.51 years

USD | NAV as of Jun 16, 2026 | 1-Day Return as of Jun 16, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FNMRX

Will FNMRX outperform in the 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 FNMRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Nuveen NM Municipal Bond I holds a quantitatively derived Silver Morningstar Medalist Rating. The rating reflects that it has scored well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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Portfolio Holdings FNMRX

More FNMRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOS ALAMOS CNTY N MEX INC GROSS RCPTS TAX IMPT REV 5%

4.03 3M
municipal

CENTRAL NEW MEXICO CMNTY COLLEGE 4%

3.49 2M
municipal

LOS RANCHOS DE ALBUQUERQUE NEW MEXICO EDL FACS REV 4%

3.18 2M
municipal

ALBUQUERQUE N MEX REFUSE REMOVAL & DISP REV 4%

2.81 2M
municipal

UNIVERSITY N MEX UNIV REVS 5.5%

2.59 2M
municipal

NEW MEXICO FIN AUTH REV 5%

2.43 2M
municipal

SANTA FE N MEX WTR UTIL SYS REV 4%

2.14 2M
municipal

NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 4%

2.11 1M
municipal

NEW MEXICO FIN AUTH REV 5%

2.03 1M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

2.00 1M
municipal

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