FMITX Mutual Fund

NAV$10.38

Fund Essentials - as of Feb 28, 2026

Net Assets
$116M
Expense Ratio
0.84%
Dividend Yield (Current)
3.30%
Holdings
218
Inception Date
Jun 27, 1985
Fund Family
Nuveen
Investment Style
PRO
Asset Class
PRO
Legal Structure
PRO
Dividend Frequency
Monthly
SEC 30-Day Yield
PRO

Performance

YTD+1.96%
1 Year+7.03%
3 Year+3.03%
5 Year+0.00%
10 Year+1.44%

Asset Allocation

Bonds: 100.00%

Price Chart (6M)

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Top Holdings

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TickerNameWeight
MI MISTRN 4 11/15/20Michigan State, Trunk Line Fund Bonds, Rebuilding Michigan Program Series 2020b4.54%
MI MISFIN 4 02/15/20Michigan Finance Authority, Hospital Revenue Bonds, Mclaren Health Care, Refunding Series 2019a4.21%
MI MISFIN 4 12/01/20Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2019a-mi4.10%
MI OKLHGR 5 03/01/20Oakland University 5 2047-03-012.76%
MI LANUTL 5 07/01/20Lansing Board Of Water & Light 5 07/01/20442.51%
Top 10 Concentration: 27.31%Report Date: Feb 28, 2026
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Dividend Summary

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Dividend Yield (Current)
3.30%
Frequency
Monthly
Latest Distribution
$0.02
-

Peer Comparison

Benchmark
PRO
Peer outperformance: PRO
Category rank: PRO
This Mutual Fund
PRO
Peer Avg
PRO
See how FMITX ranks against its peers
Category rank, peer-average returns and outperformance, updated daily.
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FMITX Mutual Fund Overview

FMITX Mutual Fund (Nuveen Michigan Municipal Bond Fund Class A) is managed by Nuveen with $116.3M in net assets. FMITX expense ratio is 0.84%, holding 218 positions across sectors including Other, Financials, Utilities. Inception date: 1985-06-27.

FMITX performance shows a YTD return of 1.96%. The 1-year return is 7.03% and the 5-year return is 0.00%. FMITX dividend yield stands at 3.30%, paid monthly.

FMITX top holdings include Michigan State, Trunk Line Fund Bonds, Rebuilding Michigan Program Series 2020b (4.5%), Michigan Finance Authority, Hospital Revenue Bonds, Mclaren Health Care, Refunding Series 2019a (4.2%), Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2019a-mi (4.1%), Oakland University 5 2047-03-01 (2.8%), Lansing Board Of Water & Light 5 07/01/2044 (2.5%). View all FMITX holdings, sector breakdown, or dividend history.

FMITX can be compared against other funds using the overlap calculator or side-by-side comparison tool. FMITX alternatives are available via the screener, along with tax-loss harvesting opportunities.