FJMNX Performance — Nuveen Minnesota Municipal Bond Fund, Class A
Data updated: 2026-09-28
FJMNX returned +1.63% year to date and +7.02% over one year to May 2026. Annualised returns are +3.78% over 3 years and +0.67% over 5 years. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $112, against $112 for the category, and to $107 over one year, against $107. Volatility over the past three years was 5.77% a year. In the 12 months to May 2026 the fund took in a net $87.8M, and assets reached $758.47M.
FJMNX Growth of $100
What $100 invested in Nuveen Minnesota Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | FJMNX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $107 |
| 3 years (Jun 2023 – May 2026) | $112 | $112 |
| 5 years (Jun 2021 – May 2026) | $103 | $103 |
| Since data start (Sep 2019 – May 2026) | $108 | $109 |
FJMNX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.63% |
| 1 year | +7.02% |
| 3 years (annualised) | +3.78% |
| 5 years (annualised) | +0.67% |
FJMNX Annual Returns
Calendar-year total returns of Nuveen Minnesota Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.63% |
| 2025 | +3.48% |
| 2024 | +2.60% |
| 2023 | +5.35% |
| 2022 | −9.86% |
| 2021 | +1.52% |
| 2020 | +4.00% |
| 2019 (Sep–Dec) | −0.10% |
FJMNX 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 | +0.5% | +1.3% | −1.7% | +1.1% | +0.5% | — | — | — | — | — | — | — |
| 2025 | +0.3% | +0.9% | −1.7% | −0.9% | −0.4% | +0.7% | −0.7% | +0.9% | +2.5% | +1.2% | +0.4% | +0.2% |
| 2024 | +0.1% | +0.2% | +0.1% | −1.0% | 0.0% | +1.6% | +0.8% | +0.7% | +0.9% | −1.0% | +1.4% | −1.2% |
| 2023 | +3.2% | −2.2% | +1.6% | 0.0% | −0.8% | +0.8% | +0.2% | −1.2% | −3.1% | −2.1% | +6.9% | +2.4% |
| 2022 | −2.3% | −0.5% | −3.0% | −3.0% | +1.0% | −2.2% | +2.7% | −2.2% | −4.4% | −1.3% | +5.4% | −0.1% |
| 2021 | +0.3% | −1.4% | +0.4% | +0.8% | +0.5% | +0.4% | +0.8% | −0.3% | −0.8% | −0.2% | +0.8% | +0.1% |
| 2020 | +1.5% | +1.4% | −4.3% | −2.2% | +3.4% | +1.2% | +1.6% | −0.3% | +0.1% | −0.2% | +1.4% | +0.6% |
| 2019 | — | — | — | — | — | — | — | — | −0.6% | +0.1% | +0.2% | +0.2% |
FJMNX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.77%
- 3-year Sharpe ratio: -0.12 (vs 4.5% risk-free rate)
- Best month: +6.94% (Nov 2023)
- Worst month: −3.14% (Sep 2023)
FJMNX Fund Flows
Monthly money in and out of Nuveen Minnesota Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $87.8M
- 12-month gross sales (incl. reinvestments): $284.4M
- Sales ÷ redemptions: 1.45×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $24.0M | $9.8M | $14.2M |
| Apr 2026 | $26.6M | $12.8M | $13.8M |
| Mar 2026 | $30.7M | $10.1M | $20.6M |
| Feb 2026 | $24.7M | $11.3M | $13.4M |
| Jan 2026 | $22.7M | $11.7M | $11.0M |
| Dec 2025 | $25.9M | $25.0M | $867K |
| Nov 2025 | $22.8M | $9.9M | $12.8M |
| Oct 2025 | $19.8M | $15.7M | $4.0M |
| Sep 2025 | $22.9M | $23.4M | −$562K |
| Aug 2025 | $19.6M | $24.3M | −$4.7M |
| Jul 2025 | $24.1M | $19.3M | $4.8M |
| Jun 2025 | $20.7M | $23.0M | −$2.3M |
FJMNX Assets Under Management
Net assets of Nuveen Minnesota Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $758.47M |
| 2026-02-28 | $716.85M |
| 2025-11-30 | $683.83M |
| 2025-08-31 | $646.68M |
| 2025-05-31 | $649.56M |
| 2025-02-28 | $667.55M |
| 2024-11-30 | $668.09M |
| 2024-08-31 | $630.79M |
| 2024-05-31 | $603.04M |
| 2024-02-29 | $592.25M |
| 2023-11-30 | $549.61M |
| 2023-08-31 | $547.34M |
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.