FJMNX

About FJMNX

Nuveen Minnesota Municipal Bond Fund Class A is a municipal bond mutual fund focused on generating current income that is exempt from both federal and Minnesota state income tax. This fund invests primarily in a diversified portfolio of investment-grade, long-term municipal bonds issued within the state of Minnesota, aiming for a weighted average maturity between 10 and 25 years. Its primary purpose is to provide tax-advantaged income for individuals, especially those residing in Minnesota who can benefit from the double tax exemption. The fund’s holdings are concentrated across sectors critical to Minnesota’s economy, including healthcare, airports, housing, and public infrastructure. By emphasizing bonds with high credit quality and prudent risk management, this fund serves investors seeking tax-efficient income sources while supporting public financing initiatives within the state. Nuveen Minnesota Municipal Bond Fund Class A holds a notable presence in the state-specific municipal bond market, offering targeted exposure for investors looking to align their portfolios with regional development and stable income objectives.