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Morningstar

Nuveen NM Municipal Bond A FNMTX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 9.62  /  +0.01 %
  • Total Assets 69.8 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 2.93%
  • Effective Duration 6.28 years

USD | NAV as of Apr 15, 2024 | 1-Day Return as of Apr 15, 2024, 11:52 PM GMT+0

Morningstar’s Analysis FNMTX

Will FNMTX outperform in 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.

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.

by Morningstar Manager Research
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Portfolio Holdings FNMTX

More FNMTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 24.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CENTRAL NEW MEXICO CMNTY COLLEGE 4%

3.44 2.5 Mil
municipal

LOS RANCHOS DE ALBUQUERQUE NEW MEXICO EDL FACS REV 4%

3.01 2.2 Mil
municipal

ALBUQUERQUE N MEX REFUSE REMOVAL & DISP REV 4%

2.74 2.0 Mil
municipal

VIRGIN ISLANDS PUB FIN AUTH REV 5%

2.65 1.9 Mil
municipal

SANTA FE CNTY N MEX CORRECTIONAL SYS REV 6%

2.31 1.7 Mil
municipal

NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 3.9%

2.23 1.6 Mil
municipal

NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 5%

2.21 1.6 Mil
municipal

SANTA FE N MEX WTR UTIL SYS REV 4%

2.09 1.5 Mil
municipal

NEW MEXICO ST HOSP EQUIP LN COUNCIL HOSP REV 4%

2.09 1.5 Mil
municipal

NEW MEXICO FIN AUTH REV 5%

2.05 1.5 Mil
municipal