FAMAX

About FAMAX

Nuveen Minnesota Intermediate Municipal Bond Fund Class A is a fixed income mutual fund specializing in a diversified portfolio of primarily investment-grade, intermediate-term municipal bonds issued within Minnesota. The fund's central objective is to provide investors with current income that is exempt from both regular federal and Minnesota state income taxes, aligning with the distinctive needs of individuals seeking tax-advantaged income. This fund maintains a targeted weighted average maturity between 3 to 10 years and typically invests at least 80% of its assets in municipal bonds that meet its tax-exemption and credit criteria. Key holdings commonly include bonds issued by Minnesota governmental entities, school districts, and public projects, such as healthcare and transportation infrastructure. The fund features a front-load share class and a moderate expense ratio, and it distributes income monthly. Its market significance lies in offering a practical solution for residents looking for consistent, tax-exempt income while maintaining a balance between yield and interest rate sensitivity through a focus on intermediate-duration bonds.