FAMTX Performance — Nuveen Minnesota Intermediate Municipal Bond Fund, Class I
Data updated: 2026-09-28
FAMTX returned +1.24% year to date and +5.81% over one year to May 2026. Annualised returns are +3.66% over 3 years and +1.21% over 5 years. Against its Intermediate Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $111, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 4.06% a year. In the 12 months to May 2026 the fund took in a net $76.2M, and assets reached $402.84M.
FAMTX Growth of $100
What $100 invested in Nuveen Minnesota Intermediate Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | FAMTX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $106 |
| 3 years (Jun 2023 – May 2026) | $111 | $111 |
| 5 years (Jun 2021 – May 2026) | $106 | $104 |
| Since data start (Sep 2019 – May 2026) | $111 | $109 |
FAMTX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.24% |
| 1 year | +5.81% |
| 3 years (annualised) | +3.66% |
| 5 years (annualised) | +1.21% |
FAMTX Annual Returns
Calendar-year total returns of Nuveen Minnesota Intermediate Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.24% |
| 2025 | +4.29% |
| 2024 | +2.20% |
| 2023 | +4.34% |
| 2022 | −6.28% |
| 2021 | +1.10% |
| 2020 | +3.68% |
| 2019 (Sep–Dec) | +0.02% |
FAMTX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | +0.9% | −1.7% | +0.9% | +0.4% | — | — | — | — | — | — | — |
| 2025 | +0.4% | +0.9% | −1.2% | −0.5% | +0.2% | +0.7% | 0.0% | +0.7% | +1.5% | +1.0% | +0.3% | +0.3% |
| 2024 | +0.1% | +0.2% | +0.1% | −0.8% | −0.2% | +1.3% | +0.8% | +0.7% | +0.8% | −1.0% | +1.1% | −0.8% |
| 2023 | +2.2% | −1.8% | +1.6% | −0.2% | −0.7% | +0.7% | +0.1% | −0.8% | −2.1% | −1.1% | +4.7% | +1.8% |
| 2022 | −2.1% | −0.4% | −2.4% | −2.2% | +0.9% | −1.3% | +2.2% | −1.5% | −3.0% | −0.6% | +3.9% | +0.3% |
| 2021 | +0.4% | −1.2% | +0.4% | +0.6% | +0.3% | +0.2% | +0.7% | −0.2% | −0.6% | −0.2% | +0.6% | +0.1% |
| 2020 | +1.3% | +1.1% | −3.4% | −1.3% | +2.8% | +0.9% | +1.3% | −0.1% | +0.1% | −0.3% | +1.1% | +0.5% |
| 2019 | — | — | — | — | — | — | — | — | −0.5% | +0.1% | +0.1% | +0.3% |
FAMTX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 4.06%
- 3-year Sharpe ratio: -0.21 (vs 4.5% risk-free rate)
- Best month: +4.73% (Nov 2023)
- Worst month: −2.15% (Sep 2023)
FAMTX Fund Flows
Monthly money in and out of Nuveen Minnesota Intermediate Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $76.2M
- 12-month gross sales (incl. reinvestments): $161.3M
- Sales ÷ redemptions: 1.90×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $8.9M | $5.6M | $3.3M |
| Apr 2026 | $12.7M | $4.6M | $8.1M |
| Mar 2026 | $9.9M | $4.5M | $5.4M |
| Feb 2026 | $11.9M | $5.3M | $6.6M |
| Jan 2026 | $13.3M | $5.1M | $8.2M |
| Dec 2025 | $16.6M | $9.2M | $7.4M |
| Nov 2025 | $9.7M | $7.7M | $2.0M |
| Oct 2025 | $10.2M | $6.3M | $3.9M |
| Sep 2025 | $9.5M | $8.5M | $1.1M |
| Aug 2025 | $17.1M | $9.0M | $8.1M |
| Jul 2025 | $20.0M | $10.2M | $9.8M |
| Jun 2025 | $21.4M | $9.0M | $12.4M |
FAMTX Assets Under Management
Net assets of Nuveen Minnesota Intermediate Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $402.84M |
| 2026-02-28 | $391.00M |
| 2025-11-30 | $364.36M |
| 2025-08-31 | $350.55M |
| 2025-05-31 | $318.47M |
| 2025-02-28 | $315.91M |
| 2024-11-30 | $324.68M |
| 2024-08-31 | $324.39M |
| 2024-05-31 | $320.97M |
| 2024-02-29 | $327.19M |
| 2023-11-30 | $329.73M |
| 2023-08-31 | $335.87M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.