About NACCX
Nuveen Maryland Municipal Bond Fund Class C is an actively managed mutual fund that focuses on investing in municipal bonds issued within the state of Maryland. Its primary objective is to provide a high level of current interest income that is exempt from regular federal, state, and, in some cases, local income taxes, while also aiming to preserve capital. The fund invests chiefly in investment-grade municipal securities, making it particularly relevant for investors who benefit from Maryland's municipal bond tax advantages. The fund's portfolio includes a broad array of holdings across various municipal sectors, such as public infrastructure, education, and healthcare, reflecting the diverse funding needs of Maryland's state and local governments. Since its inception in 2014, it has played a specialized role in providing tax-advantaged income solutions to residents and entities seeking state-specific municipal bond exposure, efficiently addressing the income and tax-planning needs of investors within this market segment.
Fund Family Nuveen
Category Muni Single State Long
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol NACCX
Share Class Class C
Index S&P Municipal Bond TR USD
NACCX had a total return of 4.62% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.26%.
