Nuveen Michigan Municipal Bond Fund (FMITX) Alternatives

Nuveen Michigan Municipal Bond Fund (FMITX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FMITX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to FMITX

FMITX charges 0.78% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among FMITX alternatives.

Symbol	Name	Expense Ratio	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	Dec 22, 2015	FMITX vs LSMSX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	May 30, 2007	FMITX vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	Feb 2, 2021	FMITX vs FHMIX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	Jun 24, 2021	FMITX vs FSMUX
FMBIX	Fidelity Municipal Bond Index Fund	0.07%	Jul 11, 2019	FMITX vs FMBIX

Best Risk-Adjusted Alternatives to FMITX

Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
ATOIX	abrdn Ultra Short Municipal Income Fund	100	Dec 4, 2002	FMITX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	Apr 21, 2016	FMITX vs TFCYX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	99	Dec 25, 2017	FMITX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	Feb 2, 2021	FMITX vs FHMIX
USMTX	JPMorgan Ultra-Short Municipal Fund	99	May 30, 2016	FMITX vs USMTX

Top Performing FMITX Alternatives (YTD)

FMITX alternatives from the Municipal Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
NMI	Nuveen Municipal Income Fund, Inc.	6.43%	Apr 20, 1998	FMITX vs NMI
NPV	Nuveen Virginia Quality Municipal Income Fund	4.12%	Mar 18, 1993	FMITX vs NPV
NRK	Nuveen New York AMT Free Quality Municipal Income	3.25%	Nov 21, 2002	FMITX vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	2.55%	Oct 30, 1992	FMITX vs MIY
NQP	Nuveen Pennsylvania Quality Municipal Income	2.31%	Feb 21, 1991	FMITX vs NQP

Lowest Volatility Alternatives to FMITX

FMITX alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.68%	Aug 19, 2002	FMITX vs DFSMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.69%	May 31, 2016	FMITX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.70%	May 30, 2016	FMITX vs USMTX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.71%	Apr 11, 2022	FMITX vs DFABX
BATVX	BlackRock Allocation Target Shares	0.76%	May 20, 2021	FMITX vs BATVX

Lowest Drawdown Alternatives to FMITX

FMITX alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
BATVX	BlackRock Allocation Target Shares	0.00%	May 20, 2021	FMITX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	Dec 4, 2002	FMITX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	Apr 21, 2016	FMITX vs TFCYX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.20%	Dec 25, 2017	FMITX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.20%	Feb 2, 2021	FMITX vs FHMIX

Other Mutual Funds from Nuveen

Most popular Nuveen mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
QQQX	Nuveen NASDAQ 100 Dynamic Overwrite Fund	Large Cap Growth Equities	71	-4.39%	Jan 30, 2007	FMITX vs QQQX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	9	-9.14%	Nov 23, 2005	FMITX vs SPXX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	9	0.13%	Jun 26, 2003	FMITX vs JQC
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	23	-4.17%	Mar 28, 2006	FMITX vs NSBRX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	15	-0.75%	Jun 6, 1999	FMITX vs NHMRX
FASEX	Nuveen Mid Cap Value Fund	Mid Cap Value Equities	49	2.64%	Dec 22, 1987	FMITX vs FASEX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	High Yield Muni	28	-0.04%	Jan 31, 2013	FMITX vs NVHIX
NVLIX	Nuveen Winslow Large-Cap Growth ESG Fund Class I	Large Cap Growth Equities, ESG	11	-14.74%	May 15, 2009	FMITX vs NVLIX
NELIX	Nuveen Equity Long/Short Fund	Long-Short	47	-4.35%	Dec 29, 2008	FMITX vs NELIX
FARCX	Nuveen Real Estate Securities Fund	REIT	13	2.69%	Jun 30, 1995	FMITX vs FARCX

Often Compared With FMITX

What investors most often compare with FMITX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
QQQ	Invesco QQQ ETF	Large Cap Growth Equities	69	-5.93%	Mar 10, 1999	FMITX vs QQQ
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	90	-1.95%	Dec 18, 2006	FMITX vs NPSRX
BMN	Blackrock 2037 Municipal Target Term Trust	Municipal Bonds	27	0.14%	Oct 28, 2022	FMITX vs BMN
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	94	1.10%	Nov 3, 2014	FMITX vs DMREX
FMNDX	Fidelity Conservative Income Municipal Bond Fund I...	Municipal Bonds	99	0.30%	Oct 15, 2013	FMITX vs FMNDX
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	28	-0.72%	Jun 24, 2012	FMITX vs FXIEX
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	48	-0.10%	Dec 27, 2017	FMITX vs FGNSX

Compare FMITX with Any Fund or Stock

Compare FMITX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Nuveen Michigan Municipal Bond Fund

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