Nuveen Minnesota Municipal Bond Fd Class A: (MF: FJMNX)
(NASDAQ Mutual Funds) As of Apr 23, 2024 08:00 PM ET
$10.69 USD
0.00 (NA)
Fund Description
The fund was incepted in July 1988 and is managed by U.S. Bancorp Asset Management. The fund seeks maximum current income that is exempt from both federal income tax and Minnesota state income tax to extent consistent with prudent investment risk. The fund may invest in securities that are subject to the federal alternative minimum tax. The fund invests at least 80% of assets in municipal securities, including general obligation bonds and revenue bonds that pay interest exempt from both federal and Minnesota income tax. In selecting securities, fund managers first determine their economic outlook and the direction in which inflation and interest rates are expected to move. Securities are selected based on credit quality, yield, maturity, liquidity, and portfolio diversification. Dividends are declared and paid monthly. Capital gains, if any, are distributed annually.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Nuveen MN Muni Bond A | FJMNX | 4.20 | NA | 0.00 | 0.20 | 0.50 | 0.78 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Nuveen MN Muni Bond A | FJMNX | 10.69 | 7/11/1988 | 0.83 | 3.22 | -0.91 | 1.01 |
| Nuveen MN Muni Bond I | FYMNX | 10.70 | 7/11/1988 | 0.86 | 3.43 | -0.63 | 1.24 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Nuveen MN Muni Bond A | FJMNX | 3000 | 100 | 0 | M |
Contact Information
| Family | Nuveen |
| Address | 333 West Wacker Drive Chicago, IL 60606 |
| Phone | 800 257-8787 |