Sector Allocation - FMITX
as of 04/30/2013
| Basic Materials | -- | |
|---|---|---|
| Consumer Cyclical | -- | |
| Financial Services | -- | |
| Real Estate | -- | |
| Consumer Defensive | -- | |
| Healthcare | -- | |
| Utilities | -- | |
| Communication Services | -- | |
| Energy | -- | |
| Industrials | -- | |
| Technology | -- |
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FMITX:NASDAQ
Nuveen Michigan Municipal Bond Fund Class A – FMITX Fund Overview
| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 11.89 | -0.01 (-0.08%) | 11.72 - 12.11 | 0.0 |
Market data as of 6:05PM 05/21/13. Quotes are delayed by at least 15 min.
Overview - FMITX
The investment seeks as high a level of current interest income exempt from regular federal, Michigan state and, in some cases, Michigan local income taxes as is consistent with preservation of capital. The fund invests at least 80% of its net assets in municipal bonds that pay interest that is exempt from regular federal and Michigan personal income tax. It invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher at the time of purchase by at least one independent rating agency, or, if unrated, judged by the fund's sub-adviser to be of comparable quality.
Growth of $10,000 (10 Years)
| Total Return | 6.43% |
|---|---|
| Yield (Trailing 12 Mo.) | 3.77% |
| Expense Ratio | 0.83% |
| Front Load | 4.20% |
| Deferred Load | None |
| Minimum Investment | $3,000 |
| Management Tenure | 6 Years |
| Fund Inception | 06/27/1985 |
Trailing Total Returns - FMITX
as of 04/30/2013
| Timeframe | FMITX | S&P 500 | Muni Single State Long |
|---|---|---|---|
| 1 Month | 0.99% | 1.93% | 1.19% |
| 3 Month | 0.95% | 7.18% | 0.69% |
| Year-to-Date | 1.52% | 12.74% | 1.39% |
| 1 Year | 6.07% | 16.89% | 5.23% |
| 3 Year | 6.48% | 12.80% | 5.87% |
| 5 Year | 5.66% | 5.21% | 5.29% |
| 10 Year | 4.60% | 7.88% | 4.35% |
| Since Inception | 6.43% | 10.38% | -- |
Asset Allocation - FMITX
as of 04/30/2013
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | -- | 0.00 | 0.00 | ||
| Bond | -- | 100.00 | 100.00 | ||
| Other | -- | 0.00 | 0.00 | ||
| Foreign Stock | -- | 0.00 | 0.00 | ||
| Foreign Bond | -- | 0.00 | 0.00 | ||
| Total | -- | 100.00 | 100.00 | ||
| Cash | -- | 0.00 | 0.00 | ||
| Total Net Assets | $214.40M |
|---|---|
| Total Stock Holdings | 0 |
| Total Bond Holdings | 127 |
Bond Credit Quality - FMITX
as of 04/30/2013
| AAA | 18.59% | |
|---|---|---|
| AA | 51.60% | |
| A | 19.05% | |
| BBB | 5.00% |
| BB | 5.20% | |
|---|---|---|
| B | 0.00% | |
| Below B | 0.00% | |
| Not Rated | 0.56% |
Top Ten Holdings - FMITX
as of 04/30/2013
| Company | YTD Return | % of Assets |
|---|---|---|
| Michigan Tob Settlement Fin Au To 6.875% | -- | 4.76% |
| Williamston Mich Cmnty Sch Dis Sch 5.5% | -- | 3.00% |
| Detroit/Wayne Cnty Mich Stad A Ref Bd 5% | -- | 2.33% |
| Michigan St Bldg Auth 5% | -- | 2.24% |
| Ottawa Cnty Mich Ltd Tax G 5% | -- | 2.11% |
| Grand Rapids Mich San Swr Sys Rev Bds 5% | -- | 2.03% |
| Michigan St Bldg Auth 5% | -- | 2.02% |
| Michigan Mun Bd Auth 5% | -- | 1.92% |
| Grand Rapids Mich San Swr Sys Rev Bds 5% | -- | 1.85% |
| Michigan St Hosp Fin Auth 5.75% | -- | 1.76% |
Valuation & Growth - FMITX
as of 04/30/2013
| Valuation | FMITX | Category Range |
|---|---|---|
| Price/Earnings | -- | |
| Price/Book | -- | |
| Price/Sales | -- | |
| Price/Cash Flow | -- | |
| Dividend Yield | ||
| LT Earnings | ||
| Historical Earnings | ||
| Sales Growth | ||
| Cash-Flow Growth | ||
| Book-Value Growth |
Key: Lo Hi
Morningstar Summary - FMITX, 3 Year
| Rate Sensitivity | |||
|---|---|---|---|
| High | |||
| Mid | |||
| Low | |||
 |  |  |
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | Low | |
| Return | Avg |
Key: Lo Hi
Tax Analysis - FMITX, 3 Year Avg
| Pretax Return | 6.48% |
|---|---|
| Tax-adjusted Return | 4.97% |
| Tax Cost Ratio | 0.00% |
| Potential Cap Gains | 9.06% |
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