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Nuveen MI Municipal Bond I NMMIX

Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 10.66  /  −0.18 %
  • Total Assets 227.4 Mil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.640%
  • Distribution Fee Level Above Average
  • 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 2.87%
  • Effective Duration 7.82 years

USD | NAV as of Feb 22, 2024 | 1-Day Return as of Feb 22, 2024, 11:17 PM GMT+0

Morningstar’s Analysis NMMIX

Will NMMIX outperform in future?

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

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

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Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

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Portfolio Holdings NMMIX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 25.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LANSING MICH BRD WTR & LT UTIL SYS REV 5%

5.57 13.2 Mil
municipal

MICHIGAN ST TRUNK LINE 4%

3.92 9.3 Mil
municipal

MICHIGAN FIN AUTH REV 4%

2.44 5.8 Mil
municipal

OAKLAND UNIV MICH REV 5%

2.37 5.6 Mil
municipal

KENT HOSP FIN AUTH MICH REV 4%

2.21 5.2 Mil
municipal

LANSING MICH BRD WTR & LT UTIL SYS REV 5%

2.18 5.2 Mil
municipal

GRAND RAPIDS MICH PUB SCHS 5%

1.91 4.5 Mil
municipal

WEST OTTAWA MICH PUB SCH DIST 5%

1.85 4.4 Mil
municipal

MICHIGAN FIN AUTH REV 5%

1.73 4.1 Mil
municipal

MICHIGAN ST BLDG AUTH REV 4%

1.70 4.0 Mil
municipal