Dow Down 0.22% Nasdaq Up 0.14%

Nuveen MI Municipal Bond A (FMITX)

11.67 0.00(0.00%) Aug 22
Prev Close:11.67
YTD Return*:7.82%
Net Assets*:160.22M

* As of 31-Jul-14

Quotes delayed, except where indicated otherwise. Currency in USD.


  • No Headlines available for FMITX at this time.

Top Holdings

Symbol% AssetsYTD Return %
Williamston Mich Cmnty Sch Dis Sch 5.5%3.85N/A
Ottawa Cnty Mich Ltd Tax G 5%2.79N/A
Detroit/Wayne Cnty Mich Stad A Ref Bd 5%2.68N/A
Michigan St Bldg Auth 5%2.67N/A
Grand Rapids Mich San Swr Sys Rev Bds 5%2.43N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:160.22M
Category:Muni Single State Long
Annual Report Expense Ratio (net):0.84%

Performance & Risk

YTD Return:7.82%
5y Avg Return:5.51%
Rank in Category (ytd):16
% Rank in Category (ytd):5.39%
Beta (3y):1.07
Morningstar Risk Rating:3

Fund Summary

The investment seeks to provide the investors with as high a level of current interest income exempt from regular federal, Michigan state and, in some cases, Michigan local income taxes as is consistent with preservation of capital. Under normal market conditions, the fund invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher at the time of purchase by at least one independent rating agency, or, if unrated, judged by the fund's sub-adviser to be of comparable quality. The fund may invest up to 20% of its net assets in below investment grade municipal bonds, commonly referred to as "high yield" or "junk" bonds. View More
Your browser doesn't support canvas
Submit Feedback