FCMNX: Nuveen Minnesota Municipal Bond C1

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FCMNX Nuveen Minnesota Municipal Bond C1

  • Fund
  • FCMNX
  • Price as of: Jan 17, 2020
  • $11.99
    - $0.00 - 0.00%

Profile

FCMNX - Profile

Vitals

  • YTD Return 0.7%
  • 3 Yr Annualized Return 1.4%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $543 M
  • Holdings in Top 10 16.6%

52 WEEK LOW AND HIGH

$11.99
$11.39
$12.04

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.25%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 25.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jan 18, 2011
  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.69%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Minnesota Municipal Bond Fund Class C1
  • Fund Family Name
    Nuveen
  • Inception Date
    Feb 01, 1999
  • Shares Outstanding
    220529
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christopher Drahn

Fund Description

Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal and Minnesota personal income tax.


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Categories

Performance

FCMNX - Performance

Return Ranking - Trailing

Period FCMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -0.3% 3.8% 41.28%
1 Yr 5.1% -1.5% 23.2% 49.23%
3 Yr 1.4%* -5.1% 8.8% 36.83%
5 Yr 0.2%* -5.9% 6.3% 45.82%
10 Yr 1.2%* -8.6% 8.0% 34.90%

* Annualized

Return Ranking - Calendar

Period FCMNX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% -1.7% 83.9% 42.46%
2018 -2.7% -12.4% 0.8% 57.90%
2017 3.1% -6.0% 17.1% 6.71%
2016 -3.6% -58.1% 8.6% 93.32%
2015 0.3% -18.3% 3.0% 7.04%

Total Return Ranking - Trailing

Period FCMNX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -0.3% 3.8% 41.28%
1 Yr 5.1% -2.6% 23.2% 46.05%
3 Yr 1.5%* -5.1% 8.8% 44.18%
5 Yr 0.2%* -5.9% 6.3% 55.06%
10 Yr 1.2%* -8.6% 8.0% 43.64%

* Annualized

Total Return Ranking - Calendar

Period FCMNX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% -1.7% 83.9% 43.04%
2018 -2.7% -11.7% 6.5% 65.46%
2017 3.2% -6.0% 27.0% 14.06%
2016 -3.6% -58.1% 10.7% 94.60%
2015 0.3% -14.6% 4.2% 13.11%

NAV & Total Return History


Holdings

FCMNX - Holdings

Concentration Analysis

FCMNX Category Low Category High FCMNX % Rank
Net Assets 543 M 688 K 249 B 52.69%
Number of Holdings 327 1 17590 46.53%
Net Assets in Top 10 87.1 M -203 M 24.3 B 56.47%
Weighting of Top 10 16.59% 2.3% 138.1% 63.09%

Top 10 Holdings

  1. BEMIDJI MINN 6% 2.01%
  2. ROCHESTER MINN HEALTH CARE FACS REV 1.1% 2.00%
  3. SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 0% 1.89%
  4. WESTERN MINN MUN PWR AGY MINN PWR SUPPLY REV 5% 1.85%
  5. ST PAUL MINN HSG & REDEV AUTH HEALTH CARE FAC REV 5% 1.82%
  6. DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5% 1.62%
  7. MINNEAPOLIS MINN HEALTH CARE SYS REV 5% 1.59%
  8. MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% 1.44%
  9. MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% 1.26%
  10. SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 0% 1.12%

Asset Allocation

Weighting Return Low Return High FCMNX % Rank
Bonds
100.17% 80.34% 160.64% 11.79%
Cash
0.53% -60.64% 28.73% 70.29%
Stocks
0.00% -17.64% 26.58% 70.68%
Preferred Stocks
0.00% 0.00% 7.32% 74.10%
Convertible Bonds
0.00% 0.00% 6.14% 83.18%
Other
-0.70% -26.77% 31.28% 97.93%

Bond Sector Breakdown

Weighting Return Low Return High FCMNX % Rank
Municipal
99.47% 0.00% 100.00% 17.49%
Cash & Equivalents
0.53% -26.49% 21.73% 77.09%
Derivative
0.00% 0.00% 24.95% 71.46%
Securitized
0.00% 0.00% 97.31% 86.28%
Corporate
0.00% 0.00% 99.29% 89.38%
Government
0.00% 0.00% 100.00% 87.96%

Bond Geographic Breakdown

Weighting Return Low Return High FCMNX % Rank
US
99.85% 67.16% 160.64% 11.61%
Non US
0.32% -27.08% 20.66% 75.95%

Expenses

FCMNX - Expenses

Operational Fees

FCMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.25% 0.00% 209.96% 22.84%
Management Fee 0.51% 0.00% 1.25% 91.52%
12b-1 Fee 0.65% 0.00% 1.00% 73.57%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FCMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 74.17%

Trading Fees

FCMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FCMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 2053.00% 33.32%

Distributions

FCMNX - Distributions

Dividend Yield Analysis

FCMNX Category Low Category High FCMNX % Rank
Dividend Yield 0.42% 0.00% 5.21% 75.66%

Dividend Distribution Analysis

FCMNX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FCMNX Category Low Category High FCMNX % Rank
Net Income Ratio 2.69% 0.00% 6.30% 45.50%

Capital Gain Distribution Analysis

FCMNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FCMNX - Fund Manager Analysis

Managers

Christopher Drahn


Start Date

Tenure

Tenure Rank

Nov 08, 2016

3.15

3.2%

Chris manages tax-exempt fixed income portfolios, including the Short Term Municipal Bond, the Colorado Municipal Bond, the Minnesota Municipal Bond, the Minnesota Intermediate Municipal Bond and the Missouri Municipal Bond products and related institutional portfolios. He also oversees various closed-end funds.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.1 7.62 0.67