Nuveen Michigan Municipal Fund Quote
| FAFNX Fund | USD 10.46 0.02 0.19% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Nuveen Michigan is trading at 10.46 as of the 19th of January 2025; that is 0.19 percent increase since the beginning of the trading day. The fund's open price was 10.44. Nuveen Michigan has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 30th of January 2023 and ending today, the 19th of January 2025. Click here to learn more.
Under normal market conditions, the fund invests at least 80 percent of its net assets in investment grade municipal bonds rated BBBBaa or higher at the time of purchase by at least one independent rating agency, or, if unrated, judged by the funds sub-adviser to be of comparable quality. More on Nuveen Michigan Municipal
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Nuveen Mutual Fund Highlights
| Fund Concentration | Nuveen Funds, Large Funds, Muni Single State Long Funds, Muni Single State Long, Nuveen (View all Sectors) |
| Update Date | 31st of December 2024 |
| Expense Ratio Date | 30th of September 2022 |
| Fiscal Year End | May |
Nuveen Michigan Municipal [FAFNX] is traded in USA and was established 19th of January 2025. Nuveen Michigan is listed under Nuveen category by Fama And French industry classification. The fund is listed under Muni Single State Long category and is part of Nuveen family. This fund currently has accumulated 297.55 M in assets under management (AUM) with no minimum investment requirementsNuveen Michigan Municipal is currently producing year-to-date (YTD) return of 0.22% with the current yeild of 0.0%, while the total return for the last 3 years was -2.4%.
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Instrument Allocation
Nuveen Michigan Municipal Risk Profiles
| Mean Deviation | 0.2071 | |||
| Standard Deviation | 0.3024 | |||
| Variance | 0.0915 | |||
| Risk Adjusted Performance | (0.07) |
Nuveen Michigan Against Markets
Other Information on Investing in Nuveen Mutual Fund
Nuveen Michigan financial ratios help investors to determine whether Nuveen Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nuveen with respect to the benefits of owning Nuveen Michigan security.
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