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Nuveen Minnesota Intermediate Municipal Bond Fund ...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Nuveen Minnesota Intermediate Municipal Bond Fund (FAMTX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

The investment seeks to provide maximum current income that is exempt from both federal income tax and Minnesota state income tax to the extent consistent with prudent investment risk. 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.

Fund Info

ISIN

US6706786893

Issuer

Nuveen

Inception Date

Feb 24, 1994

Category

Municipal Bonds

Min. Investment

$100,000

Asset Class

Bond

Expense Ratio

FAMTX has an expense ratio of 0.60%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Nuveen Minnesota Intermediate Municipal Bond Fund

Performance

Performance Chart

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S&P 500

Returns By Period

Nuveen Minnesota Intermediate Municipal Bond Fund (FAMTX) returned -0.48% year-to-date (YTD) and 2.74% over the past 12 months. Over the past 10 years, FAMTX returned 2.03% annually, underperforming the S&P 500 benchmark at 10.84%.

FAMTX

YTD

-0.48%

1M

0.38%

6M

-0.87%

1Y

2.74%

3Y*

1.96%

5Y*

0.82%

10Y*

2.03%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of FAMTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.37%0.89%-1.17%-0.46%-0.10%-0.48%
20240.06%0.17%-0.21%-0.49%-0.25%1.32%0.79%0.68%0.78%-0.96%1.09%-0.76%2.22%
20232.20%-1.80%1.59%-0.17%-0.67%0.68%0.15%-0.77%-2.14%-1.12%4.74%1.83%4.38%
2022-2.11%-0.41%-2.36%-2.22%0.91%-1.33%2.18%-1.50%-2.97%-0.62%3.89%0.33%-6.25%
20210.37%-1.23%0.37%0.64%0.35%0.25%0.73%-0.22%-0.59%-0.38%0.80%0.06%1.13%
20201.29%1.07%-3.42%-1.32%2.77%0.88%1.26%-0.08%0.10%-0.27%1.06%0.46%3.74%
20190.65%0.55%1.23%0.35%1.22%0.44%0.73%1.29%-0.51%0.06%0.15%0.34%6.69%
2018-1.00%-0.33%0.45%-0.33%0.85%0.16%0.16%0.16%-0.43%-0.73%0.96%1.15%1.04%
20170.26%0.75%0.25%0.74%1.22%-0.23%0.54%0.83%-0.23%0.15%-0.33%0.81%4.86%
20161.21%-0.03%0.45%0.63%0.07%1.48%-0.03%0.15%-0.41%-0.79%-3.37%0.95%0.23%
20151.52%-1.05%0.36%-0.40%-0.22%-0.03%0.65%0.36%0.65%0.36%0.36%0.64%3.21%
20141.57%0.97%-0.01%1.06%0.96%-0.01%0.18%1.15%0.09%0.56%0.09%0.47%7.29%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of FAMTX is 55, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of FAMTX is 5555
Overall Rank
The Sharpe Ratio Rank of FAMTX is 5252
Sharpe Ratio Rank
The Sortino Ratio Rank of FAMTX is 4545
Sortino Ratio Rank
The Omega Ratio Rank of FAMTX is 6363
Omega Ratio Rank
The Calmar Ratio Rank of FAMTX is 6161
Calmar Ratio Rank
The Martin Ratio Rank of FAMTX is 5454
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Nuveen Minnesota Intermediate Municipal Bond Fund (FAMTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Nuveen Minnesota Intermediate Municipal Bond Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.72
  • 5-Year: 0.28
  • 10-Year: 0.63
  • All Time: 1.41

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Nuveen Minnesota Intermediate Municipal Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Nuveen Minnesota Intermediate Municipal Bond Fund provided a 3.56% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.

2.00%2.50%3.00%$0.00$0.05$0.10$0.15$0.20$0.25$0.30$0.3520142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.34$0.31$0.29$0.24$0.21$0.27$0.31$0.31$0.32$0.32$0.33$0.35

Dividend yield

3.56%3.23%3.00%2.49%1.98%2.51%2.97%3.07%3.08%3.13%3.14%3.32%

Monthly Dividends

The table displays the monthly dividend distributions for Nuveen Minnesota Intermediate Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.03$0.13
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.31
2023$0.02$0.02$0.02$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.29
2022$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.24
2021$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.21
2020$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.27
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.31
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.31
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2015$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2014$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Nuveen Minnesota Intermediate Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Nuveen Minnesota Intermediate Municipal Bond Fund was 10.76%, occurring on Oct 25, 2022. Recovery took 476 trading sessions.

The current Nuveen Minnesota Intermediate Municipal Bond Fund drawdown is 1.72%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-10.76%Aug 6, 2021309Oct 25, 2022476Sep 17, 2024785
-10.13%Mar 10, 20209Mar 20, 202097Aug 7, 2020106
-7.84%Sep 12, 200826Oct 17, 200861Jan 15, 200987
-5.53%May 3, 201387Sep 5, 2013150Apr 10, 2014237
-5.05%Jul 7, 2016104Dec 1, 2016173Aug 10, 2017277
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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