Nuveen Massachusetts Municipal Bond Fund Class A (NMAAX)
| Fund Assets | 426.20M |
| Expense Ratio | 0.79% |
| Min. Investment | $3,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.22% |
| Dividend Growth | 5.98% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 9.20 |
| YTD Return | 0.80% |
| 1-Year Return | 3.54% |
| 5-Year Return | -2.04% |
| 52-Week Low | 8.90 |
| 52-Week High | 9.60 |
| Beta (5Y) | n/a |
| Holdings | 149 |
| Inception Date | Sep 6, 1994 |
About NMAAX
Nuveen Massachusetts Municipal Bond Fund Class A is a mutual fund focused on providing current interest 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 issued by entities within Massachusetts, with some flexibility to allocate up to 20% of its assets to below investment-grade (high-yield) municipal bonds. It targets investors seeking income with a preference for tax efficiency, making it particularly relevant to Massachusetts residents and those seeking double tax-exempt income. The fund emphasizes capital preservation while seeking steady monthly distributions. Established in 1994 and managed by Nuveen, this fund occupies a specialized niche within the municipal bond sector, supporting infrastructure, educational, and public projects across the state through its investments. Its role in the financial market is to offer a tax-advantaged income solution tailored to those affected by federal and state tax considerations, and it acts as an important option for diversification within fixed income portfolios focused on municipal debt securities.
Performance
NMAAX had a total return of 3.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.45%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.026 | Mar 2, 2026 |
| Jan 30, 2026 | $0.026 | Feb 2, 2026 |
| Dec 31, 2025 | $0.026 | Dec 31, 2025 |
| Nov 28, 2025 | $0.026 | Dec 1, 2025 |
| Oct 31, 2025 | $0.026 | Nov 3, 2025 |
| Sep 30, 2025 | $0.026 | Oct 1, 2025 |