FAMTX

About FAMTX

Nuveen Minnesota Intermediate Municipal Bond Fund Class I is a mutual fund focused on providing investors with a source of tax-exempt income by investing primarily in investment-grade, intermediate-term municipal bonds issued within the state of Minnesota. The fund targets bonds with a weighted average maturity of three to ten years, aiming to balance income generation with capital preservation. It holds a diverse mix of municipal securities, including general obligation bonds, revenue bonds, and participation interests, all selected for their credit quality and compliance with the fund’s guidelines. The income generated is exempt from both federal and Minnesota state income taxes, making it particularly attractive for residents of Minnesota seeking tax-advantaged income. The fund’s portfolio construction and management are designed to minimize risk within the municipal bond sector and provide stable returns, fulfilling a significant role in diversified portfolios focused on tax efficiency and risk-adjusted income generation within the municipal fixed income market.