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Nuveen Minnesota Municipal Bond C1 (FCMNX) Fund Ranking and Research

Ranking, Research and Recommendation of Nuveen Minnesota Municipal Bond C1 (FCMNX) Fund

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Graph of Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) ManagerFund Manager - Douglas J. White

Fund Manager Information

Fund Manager Tenure: 30.4 years
Fund Family: Nuveen
Fund Category: Muni Minnesota
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.58)     (What does this score mean?)
White is the Head of Tax Exempt Fixed Income. He joined FAF Advisors in 1992. White holds the Chartered Financial Analyst designation and a member of the Twin Cities Society of Security Analysts.  Get more insights on Douglas J. White

 

Graph of Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) ProfileNuveen Minnesota Municipal Bond C1 Fund (FCMNX) Profile

Fund Profile and Description

Nuveen Minnesota Municipal Bond C1 Fund seeks current income that is exempt from both federal and Minnesota income taxes, consistent with prudent investment risk. Nuveen Minnesota Municipal Bond C1 Fund normally invests at least 80% of assets in securities that generate interest exempt from federal and Minnesota personal income taxes, and from the alternative minimum tax. It may typically invest up to 20% of assets in tax obligations. Nuveen Minnesota Municipal Bond C1 Fund attempts to maintain the weighted average maturity of its portfolio securities at 10 to 25 years. It is non-diversified.

 

Nuveen Minnesota Municipal Bond C1 (FCMNX) Fund Strength What we like about Nuveen Minnesota Municipal Bond C1 (FCMNX) Fund

Data for Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) as of May 30, 2016

  • Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) management has been with Nuveen Minnesota Municipal Bond C1 Fund for 30.4 years
  • Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) has good short-term performance (1-year return 5.93% vs 4.55% Muni Minnesota category median performance)
  • Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) has good mid-term performance (3-year return 3.83% vs 3.37% Muni Minnesota category median performance)
  • Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) has good Long-term performance (5-year return 5.62% vs 4.37% Muni Minnesota category median performance)
  • Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) ratio of up-years vs down years is greater than 2
  • Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) has a Morningstar rating of 4 and above
  • Asset base in Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support

Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) Weakness What we are cautious about Nuveen Minnesota Municipal Bond C1 (FCMNX) Fund

Data for Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) as of May 30, 2016

  • Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) is less safe compared to its Muni Minnesota peers
  • Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) has an annual stock turnover rate of 10.00% that is higher than the Muni Minnesota average of 8.07%. This could mean Nuveen Minnesota Municipal Bond C1 is more nimble, but also signal potential high tax impact and high trading fees
  • Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) is more volatile than its peers as it has a 3-year Standard Deviation of 4.2 that is higher than category average of 3.37
  • Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) has a higher expense ratio of 1.29% than its Muni Minnesota average of 0.96%
  • Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) carries a 1% load
See Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) performance details as of May 30, 2016

 

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Compare Nuveen Minnesota Municipal Bond C1 Fund (FCMNX)Compare with other top Muni Minnesota category mutual funds

Aadditional top Muni Minnesota mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Nuveen Minnesota Municipal Bond C12.655.933.835.62
Columbia Minnesota Tax-Exempt A (IMNTX)2.475.734.155.39Compare
Delaware MN High-Yield Muni Bd A (DVMHX)2.264.973.675.22Compare
Columbia Minnesota Tax-Exempt Z (CMNZX)2.765.994.415.65Compare

See top fund managers for Muni Minnesota Category Funds

 

Graph of Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) Net Asset TrackingNuveen Minnesota Municipal Bond C1 (FCMNX) Fund Net Asset

Track net asset change of Nuveen Minnesota Municipal Bond C1 fund (FCMNX)

DateNet Asset
05/2016$325.80M
03/2016$307.37M
02/2016$296.57M
More historic net asset information on Nuveen Minnesota Municipal Bond C1 Fund (FCMNX)

  

Graph of Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) Portfolio TrackingNuveen Minnesota Municipal Bond C1 (FCMNX) Fund Portfolio Allocation

Track portfolio allocation change of Nuveen Minnesota Municipal Bond C1 fund (FCMNX)

DateCashStockBondOther
04/20163.6%0%96.4%0%
03/20162.81%0%97.19%0%
01/20162.38%0%97.62%0%
Click here to see more historic asset allocation information on Nuveen Minnesota Municipal Bond C1 Fund (FCMNX)

 

graph of Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) Top 10 Position TrackingTop 10 Holdings in Nuveen Minnesota Municipal Bond C1 (FCMNX) Fund

Discover what Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) manager is buying

Apr 29, 2016
Bemidji Minn Go Sales 6% [3.76%]
Minnesota St Mun Pwr Agy Elec Elec 5% [1.82%]
St Paul Minn Hsg & Redev Auth 4% [1.53%]
Minneapolis Minn Rev Rev Bds 4.875% [1.42%]
Minneapolis & St Paul Minn Met Sr Arp 5% [1.4%]
St Paul Minn Hsg & Redev Auth 5% [1.31%]
Southern Minn Mun Pwr Agy Pwr Cap Appre [1.27%]
Minneapolis Minn Health Care S Re 6.625% [1.17%]

Mar 30, 2016
Bemidji Minn Go Sales 6% [3.86%]
Minnesota St Mun Pwr Agy Elec Elec 5% [1.87%]
St Paul Minn Hsg & Redev Auth 4% [1.56%]
Minneapolis Minn Rev Rev Bds 4.875% [1.46%]
Minneapolis & St Paul Minn Met Sr Arp 5% [1.44%]
St Paul Minn Hsg & Redev Auth 5% [1.33%]
Southern Minn Mun Pwr Agy Pwr Cap Appre [1.29%]
Minneapolis Minn Health Care S Re 6.625% [1.21%]

Jan 30, 2016
Bemidji Minn Go Sales 6% [4.12%]
Minnesota St Mun Pwr Agy Elec Elec 5% [1.99%]
St Paul Minn Hsg & Redev Auth 4% [1.66%]
Minneapolis Minn Rev Rev Bds 4.875% [1.56%]
Minneapolis & St Paul Minn Met Sr Arp 5% [1.54%]
St Paul Minn Hsg & Redev Auth 5% [1.42%]
Southern Minn Mun Pwr Agy Pwr Cap Appre [1.36%]
Minneapolis Minn Health Care S Re 6.625% [1.29%]
Click here for Stock Holding Change Map in Nuveen Minnesota Municipal Bond C1 Fund (FCMNX)

  

Latest News on Nuveen Minnesota Municipal Bond C1 (FCMNX) Fund

See what is happening with Nuveen Minnesota Municipal Bond C1 Fund (FCMNX)

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Nuveen Minnesota Municipal Bond C1 Fund (FCMNX) Related ResourcesSee more information on Nuveen Minnesota Municipal Bond C1 (FCMNX) Fund

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