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Nuveen NM Municipal Bond A FNMTX

Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 9.68  /  0.01 %
  • Total Assets 72.6 Mil
  • Adj. Expense Ratio
    0.860%
  • Expense Ratio 0.870%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 2.84%
  • Effective Duration 6.53 years

Morningstar’s Analysis FNMTX

Will FNMTX outperform in future?

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

Strength in Nuveen NM Municipal Bond A's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

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Portfolio Holdings FNMTX

  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 77
  • Other Holdings 1
  • % Assets in Top 10 Holdings 26.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CENTRAL NEW MEXICO CMNTY COLLEGE 4%

3.52
2,497,644
municipal

LOS RANCHOS DE ALBUQUERQUE NEW MEXICO EDL FACS REV 4%

3.10
2,201,517
municipal

SANTA FE CNTY N MEX CORRECTIONAL SYS REV 6%

3.02
2,142,542
municipal

ALBUQUERQUE N MEX REFUSE REMOVAL & DISP REV 4%

2.79
1,978,159
municipal

VIRGIN ISLANDS PUB FIN AUTH REV 5%

2.67
1,891,568
municipal

NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 3.9%

2.26
1,600,000
municipal

NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 5%

2.25
1,596,815
municipal

NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 4%

2.14
1,517,090
municipal

SANTA FE N MEX WTR UTIL SYS REV 4%

2.13
1,511,230
municipal

NEW MEXICO FIN AUTH REV 5%

2.10
1,491,428
municipal