NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX)

Basic Info 10.62 0(0.0%)

NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I started on 06/20/1996
NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I is classified as asset class Muni Single State Long
NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I expense ratio is 1.61%
NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I rating is
(92%)

NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX) Dividend Info

NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX) dividend growth in the last 12 months is 24.22%

The trailing 12-month yield of NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I is 2.98%. its dividend history:

DateDividend
04/30/2024 0.0275
03/28/2024 0.0275
02/29/2024 0.0275
01/31/2024 0.0275
12/28/2023 0.0275
11/30/2023 0.0275
10/31/2023 0.0255
09/29/2023 0.0255
08/31/2023 0.0255
07/31/2023 0.0255
06/30/2023 0.0255
05/31/2023 0.0255
04/28/2023 0.024
03/31/2023 0.024
02/28/2023 0.024
01/31/2023 0.022
12/29/2022 0.02
11/30/2022 0.022
10/31/2022 0.02
09/30/2022 0.02
08/31/2022 0.02
07/29/2022 0.02
06/30/2022 0.02
05/31/2022 0.02
04/29/2022 0.02
03/31/2022 0.02
02/28/2022 0.02
01/31/2022 0.02
12/31/2021 0.02
12/30/2021 0.02
12/06/2021 0.0088
11/30/2021 0.02
10/29/2021 0.02
09/30/2021 0.02
08/31/2021 0.02
07/30/2021 0.02
06/30/2021 0.02
05/28/2021 0.0215
04/30/2021 0.0235
03/31/2021 0.0235
02/26/2021 0.0235
01/29/2021 0.0235
12/31/2020 0.0235
11/30/2020 0.0235
10/30/2020 0.026
09/30/2020 0.026
08/31/2020 0.026
07/31/2020 0.026
06/30/2020 0.026
05/29/2020 0.026
04/30/2020 0.026
03/31/2020 0.026
02/28/2020 0.026
01/31/2020 0.026
12/31/2019 0.026
11/29/2019 0.026
10/31/2019 0.026
09/30/2019 0.026
08/30/2019 0.026
07/31/2019 0.026
06/28/2019 0.026
05/31/2019 0.026
04/30/2019 0.026
03/29/2019 0.026
02/28/2019 0.026
01/31/2019 0.0008
12/31/2018 0.026
11/30/2018 0.026
10/31/2018 0.026
09/28/2018 0.026
08/31/2018 0.026
07/31/2018 0.0275
06/29/2018 0.028
05/31/2018 0.028
04/30/2018 0.028
03/29/2018 0.028
02/28/2018 0.028
01/31/2018 0.028
12/29/2017 0.028
11/30/2017 0.028
10/31/2017 0.029
09/29/2017 0.029
08/31/2017 0.029
07/31/2017 0.031
06/30/2017 0.031
05/31/2017 0.031
04/28/2017 0.032
03/31/2017 0.032
02/28/2017 0.032
01/31/2017 0.032
12/30/2016 0.032
12/06/2016 0.03
11/30/2016 0.032
10/31/2016 0.033
09/30/2016 0.033
08/31/2016 0.033
07/29/2016 0.035
06/30/2016 0.035
05/31/2016 0.035
04/29/2016 0.035
03/31/2016 0.035
02/29/2016 0.035
01/29/2016 0.035
12/31/2015 0.035
12/07/2015 0.034
11/30/2015 0.035
10/30/2015 0.036
09/30/2015 0.036
08/31/2015 0.036
07/31/2015 0.036
06/30/2015 0.036
05/29/2015 0.036
04/30/2015 0.038
03/31/2015 0.038
02/27/2015 0.038
01/30/2015 0.04
12/31/2014 0.04
12/05/2014 0.069
11/28/2014 0.04
10/31/2014 0.04
09/30/2014 0.04
08/29/2014 0.04
07/31/2014 0.04
06/30/2014 0.04
05/30/2014 0.04
04/30/2014 0.04
03/31/2014 0.04
02/28/2014 0.04
01/31/2014 0.04
12/31/2013 0.04
12/05/2013 0.022
11/29/2013 0.04
10/31/2013 0.04
09/30/2013 0.04
08/30/2013 0.04
07/31/2013 0.04
06/28/2013 0.04
05/31/2013 0.04
04/30/2013 0.04
03/28/2013 0.04
02/28/2013 0.04
01/31/2013 0.04
12/31/2012 0.04
11/30/2012 0.04
10/31/2012 0.04
09/28/2012 0.04
08/31/2012 0.04
07/31/2012 0.04
06/29/2012 0.04
05/31/2012 0.04
04/30/2012 0.04
03/30/2012 0.04
02/29/2012 0.04
01/31/2012 0.04
12/30/2011 0.04
11/30/2011 0.04
10/31/2011 0.039
09/30/2011 0.039
08/31/2011 0.039
07/29/2011 0.039
06/30/2011 0.039
05/31/2011 0.039
04/29/2011 0.039
03/31/2011 0.039
02/28/2011 0.039
01/31/2011 0.04
12/31/2010 0.04
11/30/2010 0.04
10/29/2010 0.041
09/30/2010 0.041
08/31/2010 0.041
07/30/2010 0.041
06/30/2010 0.041
05/28/2010 0.041
04/30/2010 0.017
03/31/2010 0.041
02/26/2010 0.041
01/29/2010 0.041
12/24/2009 0.041
11/30/2009 0.041
10/30/2009 0.041
09/30/2009 0.041
08/31/2009 0.041
07/31/2009 0.041
06/30/2009 0.041
05/29/2009 0.041
04/30/2009 0.041
03/31/2009 0.041
02/27/2009 0.041
01/30/2009 0.041
12/24/2008 0.041
12/04/2008 0.014
11/28/2008 0.041
10/31/2008 0.041
09/30/2008 0.041
08/29/2008 0.041
07/31/2008 0.041
06/30/2008 0.041
05/30/2008 0.041
04/30/2008 0.041
03/31/2008 0.041
02/29/2008 0.041
01/31/2008 0.042
12/24/2007 0.042
12/04/2007 0.032
11/29/2007 0.042
10/10/2007 0.042
09/10/2007 0.042
08/10/2007 0.042
07/10/2007 0.042
06/11/2007 0.042
05/10/2007 0.042
04/10/2007 0.042
03/12/2007 0.042
02/12/2007 0.042
01/10/2007 0.042
12/11/2006 0.042
12/04/2006 0.099
11/10/2006 0.042
10/10/2006 0.042
09/11/2006 0.042
08/10/2006 0.042
07/10/2006 0.042
06/12/2006 0.042
05/10/2006 0.042
04/10/2006 0.042
03/10/2006 0.042
02/10/2006 0.042
01/10/2006 0.042
12/12/2005 0.042
12/02/2005 0.133
11/10/2005 0.042
10/10/2005 0.042
09/12/2005 0.042
08/10/2005 0.042
07/11/2005 0.044
06/10/2005 0.044
05/10/2005 0.044
04/11/2005 0.044
03/10/2005 0.044
02/10/2005 0.044
01/10/2005 0.044
12/10/2004 0.044
12/02/2004 0.006
11/10/2004 0.044
10/11/2004 0.046
09/10/2004 0.046
08/10/2004 0.046
07/12/2004 0.046
06/10/2004 0.046
05/10/2004 0.046
04/12/2004 0.048
03/10/2004 0.048
02/10/2004 0.048
01/12/2004 0.048
12/10/2003 0.048
12/02/2003 0.126
11/10/2003 0.048
10/10/2003 0.049
09/10/2003 0.049
08/11/2003 0.049
07/10/2003 0.049
06/10/2003 0.049
05/12/2003 0.049
04/10/2003 0.049
03/10/2003 0.049
02/10/2003 0.049
01/10/2003 0.049
12/10/2002 0.049
12/03/2002 0.007
11/11/2002 0.049
10/10/2002 0.049
09/10/2002 0.049
08/12/2002 0.049
07/10/2002 0.049
06/10/2002 0.049
05/10/2002 0.041
04/10/2002 0.041
03/11/2002 0.049
02/11/2002 0.049
01/10/2002 0.049
12/27/2001 0.049
12/05/2001 0.026
11/12/2001 0.049
10/10/2001 0.05
09/10/2001 0.05
08/10/2001 0.05
07/10/2001 0.05
06/11/2001 0.05
05/10/2001 0.05
04/10/2001 0.049
03/12/2001 0.049
02/12/2001 0.049
01/10/2001 0.049
12/11/2000 0.049
11/10/2000 0.049
10/10/2000 0.049
09/11/2000 0.049
08/10/2000 0.049
07/10/2000 0.049
06/12/2000 0.049
05/10/2000 0.049
04/10/2000 0.049
03/10/2000 0.049
02/10/2000 0.049
01/10/2000 0.051
12/20/1999 0.051
12/03/1999 0.051
11/10/1999 0.051
10/11/1999 0.051
09/10/1999 0.051
08/10/1999 0.051
07/12/1999 0.051
06/10/1999 0.051
05/28/1999 0.051
04/12/1999 0.051
03/10/1999 0.052
02/10/1999 0.052
01/11/1999 0.052
12/10/1998 0.052
12/03/1998 0.057
11/10/1998 0.052
10/12/1998 0.052
09/10/1998 0.052
08/10/1998 0.052
07/10/1998 0.052
06/10/1998 0.052
05/11/1998 0.052
04/13/1998 0.052
03/10/1998 0.052
02/10/1998 0.052
01/12/1998 0.052
12/10/1997 0.08
11/10/1997 0.053
10/10/1997 0.053
09/09/1997 0.053
08/08/1997 0.053
07/09/1997 0.053
06/10/1997 0.053
05/12/1997 0.053
04/10/1997 0.053
03/10/1997 0.053
02/28/1997 0.053

Dividend Growth History for NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX)

Year
Payout Amount
Year Start Yield
Annual Payout Growth (YoY)
CAGR to 2023
2023 $0.302 2.87% 24.79% -
2022 $0.242 2.02% -14.88% 24.79%
2021 $0.2843 2.35% -7.39% 3.07%
2020 $0.307 2.60% 7.04% -0.55%
2019 $0.2868 2.54% -11.89% 1.30%
2018 $0.3255 2.82% -10.58% -1.49%
2017 $0.364 3.22% -16.89% -3.06%
2016 $0.438 3.74% -7.59% -5.17%
2015 $0.474 4.05% -13.66% -5.48%
2014 $0.549 5.00% 9.36% -6.43%
2013 $0.502 4.21% 4.58% -4.95%
2012 $0.48 4.19% 1.91% -4.12%
2011 $0.471 4.35% 1.07% -3.64%
2010 $0.466 4.21% -5.28% -3.28%
2009 $0.492 4.79% -2.96% -3.43%
2008 $0.507 4.46% -5.41% -3.39%
2007 $0.536 4.63% -11.11% -3.52%
2006 $0.603 5.20% -7.37% -3.99%
2005 $0.651 5.51% 15.84% -4.18%
2004 $0.562 4.81% -21.07% -3.22%
2003 $0.712 5.99% 22.97% -4.20%
2002 $0.579 5.05% -6.61% -3.05%
2001 $0.62 5.43% 5.08% -3.22%
2000 $0.59 5.45% -11.41% -2.87%
1999 $0.666 5.51% -2.20% -3.24%
1998 $0.681 5.63% 11.64% -3.20%
1997 $0.61 5.80% - -2.67%

Dividend Growth Chart for NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX)

NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX) Historical Returns And Risk Info

From 04/13/1992 to 05/09/2024, the compound annualized total return (dividend reinvested) of NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX) is 4.425%. Its cumulative total return (dividend reinvested) is 233.935%.

From 04/13/1992 to 05/09/2024, the Maximum Drawdown of NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX) is 15.1%.

From 04/13/1992 to 05/09/2024, the Sharpe Ratio of NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX) is 0.72.

From 04/13/1992 to 05/09/2024, the Annualized Standard Deviation of NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX) is 4.1%.

From 04/13/1992 to 05/09/2024, the Beta of NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX) is 0.82.

Last 1 Week* YTD*(2024) 1 Yr 3 Yr 5 Yr 10 Yr 15 Yr 20 Yr Inception** 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Annualized Return(%) 0.8 -0.7 2.5 -1.7 0.8 2.3 3.4 3.6 4.4 5.7 -10.6 1.7 5.2 6.8 0.9 5.1 0.4 4.1 11.8 -3.8 8.3 10.4 1.9 12.9 -5.0 2.7 5.1 3.7 5.8 4.2 9.5 6.2 10.6 -4.8 5.9 20.3 2.9
Sharpe Ratio NA -1.88 -0.33 -1.02 -0.16 0.33 NA NA 0.72 0.33 -2.54 0.88 0.63 2.87 -0.24 1.92 0.08 1.86 5.71 -1.11 4.03 3.94 0.62 3.68 -0.78 -0.11 0.94 0.6 1.37 1.05 2.6 1.53 2.86 -3.33 1.23 1.47 0.49
Draw Down(%) NA 1.9 6.3 15.1 15.1 15.1 NA NA 15.1 6.7 14.9 2.3 10.9 1.7 2.1 1.6 5.9 2.1 1.0 8.5 1.7 2.7 5.2 2.7 13.4 2.2 1.3 2.6 5.4 5.5 3.6 4.0 3.1 5.8 1.5 1.8 2.4
Standard Deviation(%) NA 3.1 4.1 3.9 4.8 3.7 NA NA 4.1 4.3 4.7 1.9 7.9 1.9 1.8 2.4 2.9 2.2 2.1 3.5 2.1 2.6 2.9 3.5 7.6 2.4 1.9 2.6 3.6 3.4 3.2 2.5 2.3 2.4 2.1 11.4 4.2
Treynor Ratio NA -0.07 -0.02 -0.05 -0.01 0.01 NA NA 0.04 0.02 -0.14 0.02 0.05 0.07 -0.01 0.05 0.0 0.05 0.14 -0.04 0.1 0.12 0.02 0.15 -0.06 0.0 0.03 0.02 0.06 0.05 0.12 0.07 0.11 -0.13 0.05 0.24 0.03
Alpha NA 0.0 0.0 0.0 0.0 0.0 NA NA 0.0 -0.01 -0.01 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.01 0.0 0.01 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.01 0.0 0.01 0.01 0.0 -0.02 0.0 0.05 -0.02
Beta NA 0.87 0.85 0.86 0.9 0.89 NA NA 0.82 0.86 0.86 0.95 0.93 0.79 0.79 0.86 0.89 0.86 0.86 0.89 0.8 0.89 0.88 0.84 0.97 0.67 0.55 0.77 0.77 0.7 0.71 0.59 0.57 0.6 0.49 0.7 0.7
RSquare NA 0.89 0.92 0.93 0.95 0.94 NA NA 0.57 0.94 0.94 0.8 0.98 0.85 0.83 0.91 0.93 0.86 0.83 0.92 0.8 0.87 0.88 0.76 0.75 0.7 0.57 0.67 0.85 0.75 0.74 0.59 0.53 0.55 0.55 0.04 0.61
Yield(%) N/A 1.1 N/A N/A N/A N/A N/A N/A N/A 3.0 2.0 2.2 2.9 2.9 3.1 3.2 3.9 4.4 5.0 4.2 4.2 4.4 4.2 4.7 4.3 4.4 5.0 5.2 5.0 6.1 5.1 5.5 5.5 5.4 5.5 5.5 0.0
Dividend Growth(%) N/A -62.5 N/A N/A N/A N/A N/A N/A N/A 33.3 -11.1 -20.6 3.0 -8.3 0.0 -21.7 -9.8 -7.3 10.0 4.2 0.0 4.3 -4.2 -2.0 -3.9 -12.1 -4.9 3.4 -19.2 23.7 -6.3 5.0 -7.7 -1.5 13.8 N/A N/A

Return Calculator for NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX)

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NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX) Historical Return Chart

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NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX) Rolling Returns Charts

A rolling return for a period such as 5-year, as of a specific date, represents the investment’s performance over the preceding five years leading up to that date. In the 5-year rolling chart, the value on any given date corresponds to the annualized return for the preceding 5 years up to that very date. Thus, for instance, the chart value on 8/28/2015 reflects the annualized return from 8/28/2010 to 8/28/2015. A 5-year rolling return chart for an investment (stock, fund or portfolio) depicts the return sequence of 5-year trailing returns for the dates in the chart.

These rolling returns contrast with the most recent 3, 5, 10, and 15-year returns, as they solely depict the returns for those respective periods leading up to the most recent date, without encompassing every date in the historical record.

Rolling return charts offer a more precise insight into a portfolio’s risk and return stability (including funds or individual stocks). This is particularly true when focusing on the minimal return points within a rolling return chart as a measure of a fund or a portfolio's risk. A well-known observation, often attributed to ‘Murphy’s law’, is that it tends to perform poorly when investors decide to follow an investment due to its recent strong returns. Sound familiar? Information regarding minimum rolling returns could help mitigate this predicament. Investors can opt for an investment showcasing high minimum rolling returns within their preferred holding durations. In fact, merely possessing knowledge of such minimum rolling period returns can anchor investors’ expectations.

For instance, let’s consider an investor who follows a model portfolio (or even simply purchases and holds a fund like VFINX or SPY) for 10 years. Armed with knowledge of this portfolio’s minimum 10-year rolling return since its inception date or the fund’s inception (in the case of VFINX, recognizing that the minimum 10-year rolling return since 1987 could be as low as -2.24%), the investor should reasonably anticipate the potential for the portfolio to incur losses over the forthcoming 10 years.

Minimum rolling return for a period such as 10-year offers a different and often better historical risk and return metric than other popular risk and return metrics such as Sharpe ratio, standard deviation (volatility) or maximum drawdown.

See Portfolio Calculator and Rolling Returns for more detailed description.

From 04/13/1992 to 05/09/2024, the worst annualized return of 3-year rolling returns for NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX) is -3.77%.
From 04/13/1992 to 05/09/2024, the worst annualized return of 5-year rolling returns for NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX) is 0.04%.
From 04/13/1992 to 05/09/2024, the worst annualized return of 10-year rolling returns for NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX) is 1.56%.
From 04/13/1992 to 05/09/2024, the worst annualized return of 20-year rolling returns for NUVEEN MICHIGAN MUNICIPAL BOND FUND NUVEEN MICHIGAN MUNICIPAL BOND FUND - CLASS I (NMMIX) is 3.75%.

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