Morningstar

Nuveen New Mexico Municipal Bond Fund Class A FNMTX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 9.70  /  −0.10 %
  • Total Assets 71.5M
  • Adj. Expense Ratio
    0.840%
  • Expense Ratio 0.900%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.07%
  • Effective Duration 7.51 years

USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 2:17 AM GMT+0

Morningstar’s Analysis FNMTX

Will FNMTX 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 FNMTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FNMTX 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 FNMTX’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 A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FNMTX

More FNMTX 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%

4.09 3M
municipal

CENTRAL NEW MEXICO CMNTY COLLEGE 4%

3.55 2M
municipal

LOS RANCHOS DE ALBUQUERQUE NEW MEXICO EDL FACS REV 4%

3.22 2M
municipal

ALBUQUERQUE N MEX REFUSE REMOVAL & DISP REV 4%

2.87 2M
municipal

UNIVERSITY N MEX UNIV REVS 5.5%

2.64 2M
municipal

NEW MEXICO FIN AUTH REV 5%

2.45 2M
municipal

SANTA FE N MEX WTR UTIL SYS REV 4%

2.18 2M
municipal

NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 4%

2.15 1M
municipal

NEW MEXICO FIN AUTH REV 5%

2.05 1M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

2.00 1M
municipal

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