Nuveen MI Municipal Bond I holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.
Nuveen Michigan Municipal Bond Fund Class I NMMIX
- NAV / 1-Day Return 10.50 / −0.10 %
- Total Assets 219.1M
-
Adj. Expense Ratio
0.610%
- Expense Ratio 0.640%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Muni Single State Long
- Credit Quality / Interest Rate Sensitivity Medium/Extensive
- Min. Initial Investment 100,000
- Status Open
- TTM Yield 3.47%
- Effective Duration 8.72 years
USD | NAV as of Jun 11, 2026 | 1-Day Return as of Jun 11, 2026, 12:11 AM GMT+0
Morningstar’s Analysis NMMIX
Will NMMIX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the NMMIX 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 NMMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 30.2
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
LANSING MICH BRD WTR & LT UTIL SYS REV 5% | 5.05 | 10M | municipal |
MICHIGAN ST TRUNK LINE 4% | 4.47 | 9M | municipal |
MICHIGAN FIN AUTH REV 4% | 4.10 | 8M | municipal |
MICHIGAN FIN AUTH REV 4% | 3.96 | 8M | municipal |
MICHIGAN FIN AUTH REV 4% | 3.17 | 6M | municipal |
LANSING MICH BRD WTR & LT UTIL SYS REV 5% | 2.49 | 5M | municipal |
Us Dollars | 2.49 | 5M | Cash and Equivalents |
MICHIGAN FIN AUTH REV 5% | 2.04 | 4M | municipal |
MICHIGAN ST BLDG AUTH REV 4% | 1.89 | 4M | municipal |
WAYNE CNTY MICH ARPT AUTH REV 5% | 1.79 | 4M | municipal |
United States