Nuveen Massachusetts Municipal Bond Fund Class I (NBMAX)
| Fund Assets | 429.39M |
| Expense Ratio | 0.59% |
| Min. Investment | $100,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.61% |
| Dividend Growth | 5.26% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 9.12 |
| YTD Return | 0.15% |
| 1-Year Return | 3.26% |
| 5-Year Return | 0.43% |
| 52-Week Low | 8.78 |
| 52-Week High | 9.26 |
| Beta (5Y) | 0.28 |
| Holdings | 149 |
| 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 3.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.04%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.0275 | May 1, 2026 |
| Mar 31, 2026 | $0.0275 | Apr 1, 2026 |
| Feb 27, 2026 | $0.0275 | Mar 2, 2026 |
| Jan 30, 2026 | $0.0275 | Feb 2, 2026 |
| Dec 31, 2025 | $0.0275 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0275 | Dec 1, 2025 |