Nuveen Massachusetts Municipal Bond Fund Class I (NBMAX)
| Fund Assets | 384.33M |
| Expense Ratio | 0.59% |
| Min. Investment | $100,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.57% |
| Dividend Growth | 9.18% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.93 |
| YTD Return | -1.95% |
| 1-Year Return | -0.80% |
| 5-Year Return | -1.50% |
| 52-Week Low | 8.78 |
| 52-Week High | 9.45 |
| Beta (5Y) | 0.25 |
| Holdings | 145 |
| Inception Date | Dec 22, 1986 |
About NBMAX
Nuveen Massachusetts Municipal Bond Fund is an open-end mutual fund designed to provide current income that is exempt from regular federal and Massachusetts state income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal bonds, with a focus on securities issued by entities within Massachusetts or benefiting the state. With a mandate for high credit quality, the fund may allocate up to 20% of its assets to below investment-grade, or high-yield, municipal bonds, balancing income opportunities with risk management. Suitable for investors seeking tax-advantaged income, the fund emphasizes capital preservation while distributing monthly income to shareholders. The fund holds a broad mix of over 150 municipal securities, supporting essential sectors such as local government, education, and public infrastructure. Its structure plays a key role in the municipal bond market by channeling investor capital into public projects, while helping shareholders manage tax liabilities through federally and often state tax-exempt interest income.
Performance
NBMAX had a total return of -0.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.99%.
Top 10 Holdings
23.49% of assets| Name | Symbol | Weight |
|---|---|---|
| MASSACHUSETTS ST 5% | MA.MAS 5 11.01.2052 | 3.93% |
| UNIVERSITY MASS BLDG AUTH PROJ REV 5% | MA.UMAFAC 5 11.01.2052 | 2.78% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.25% | MA.MASDEV 5.25 03.01.2054 | 2.67% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.25% | MA.MASDEV 5.25 07.01.2052 | 2.40% |
| MASSACHUSETTS ST 5% | MA.MAS 5 05.01.2045 | 2.19% |
| MASSACHUSETTS ST TRANSN FD REV 5% | MA.MASTRN 5 06.01.2047 | 2.12% |
| MASSACHUSETTS ST DEV FIN AGY REV 5% | MA.MASDEV 5 07.01.2044 | 1.96% |
| MASSACHUSETTS ST 5.25% | MA.MAS 5.25 10.01.2047 | 1.90% |
| MASSACHUSETTS ST DEV FIN AGY REV 5% | MA.MASDEV 5 09.01.2045 | 1.79% |
| LINCOLN MASS 4% | MA.LIN 4 03.01.2049 | 1.75% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.0275 | Aug 1, 2025 |
| Jun 30, 2025 | $0.0275 | Jul 1, 2025 |
| May 30, 2025 | $0.0275 | Jun 2, 2025 |
| Apr 30, 2025 | $0.0265 | May 1, 2025 |
| Mar 31, 2025 | $0.0265 | Apr 1, 2025 |
| Feb 28, 2025 | $0.0265 | Mar 3, 2025 |