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Nuveen Michigan Municipal Bond Fund Class C2 (FLMCX)

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12.09+0.01 (+0.08%)
At close: 8:03PM EDT

Nuveen Michigan Municipal Bond Fund Class C2

C/O John Nuveen & Co Inc

333 West Wacker Drive 32nd Floor

Chicago IL 60606

800-257-8787
Management Information
Daniel J. Close,Lead Manager since February 28, 2007
Dan is the lead portfolio manager for the firm’s taxable municipal strategies. He manages several state-specific municipal bond strategies, including Georgia, Kentucky, Michigan, North Carolina, Ohio and Tennessee, and related institutional portfolios. Dan also serves as portfolio manager for the inflation-protected strategy and national closed-end funds. Prior to his current position, he served as a research analyst covering the corporate-backed, energy, transportation and utilities sectors. Before joining the firm in 2000, he worked as an analyst at Banc of America Securities specializing in originating and structuring asset-backed securities. Dan received a BS in business from Miami University in Ohio and an MBA at the J.L. Kellogg School of Management at Northwestern University. He also holds the Chartered Financial Analyst® designation and is a member of the CFA® Institute and the CFA Society of Chicago. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryMuni Single State Long
Fund FamilyNuveen
Net Assets349.01M
YTD Return0.65%
Yield1.68%
Morningstar Rating★★
Inception DateJun. 21, 1993

Fund Operations

Last Dividend0.01
Last Cap Gain0.00
Holdings Turnover10.00%
Average for CategoryN/A

Fees & Expenses

ExpenseFLMCXCategory Average
Annual Report Expense Ratio (net)1.38%0.91%
Prospectus Net Expense Ratio1.38%N/A
Prospectus Gross Expense Ratio1.38%N/A
Max 12b1 Fee0.75%N/A
Max Front End Sales LoadN/A3.97%
Max Deferred Sales Load1.00%1.46%
3 Yr Expense Projection437N/A
5 Yr Expense Projection755N/A
10 Yr Expense Projection1,657N/A