Nuveen Maryland Municipal Bond Fund Class A (NMDAX)
| Fund Assets | 231.50M |
| Expense Ratio | 0.83% |
| Min. Investment | $3,000 |
| Turnover | 23.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.34% |
| Dividend Growth | 5.85% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 10.26 |
| YTD Return | 3.27% |
| 1-Year Return | 1.29% |
| 5-Year Return | 2.73% |
| 52-Week Low | 9.46 |
| 52-Week High | 10.29 |
| Beta (5Y) | n/a |
| Holdings | 190 |
| Inception Date | Sep 6, 1994 |
About NMDAX
Nuveen Maryland Municipal Bond Fund Class A is a mutual fund focused on investing primarily in investment-grade municipal bonds, with an emphasis on securities issued in the state of Maryland. The fund’s primary purpose is to generate a high level of current interest income that is exempt from regular federal, Maryland state, and in some cases, local income taxes. It typically holds a mix of general obligation and revenue bonds, providing diversified exposure to government and municipal sectors that fund public projects and infrastructure. By concentrating on investment-grade debt, the fund aims to balance income generation with the preservation of capital. The Nuveen Maryland Municipal Bond Fund Class A plays a significant role for investors seeking tax-advantaged income, particularly those residing in Maryland or with tax liabilities in the state, and it serves as a specialized fixed-income option within the broader municipal bond market.
Performance
NMDAX had a total return of 1.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.54%.
Top 10 Holdings
19.68% of assets| Name | Symbol | Weight |
|---|---|---|
| MARYLAND ST DEPT TRANSN SPL TRANSN PROJ REV 5.25% | MD.MDSTRN 5.25 08.01.2054 | 3.03% |
| MONTGOMERY CNTY MD REV 4% | MD.MONGEN 4 12.01.2044 | 2.69% |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5% | MD.MDSMED 5 05.15.2045 | 2.33% |
| MARYLAND ST 5% | MD.MDS 5 03.15.2027 | 2.25% |
| MURRIETA VY CALIF UNI SCH DIST 0% | CA.MUVSCD 0 09.01.2032 | 1.91% |
| BALTIMORE MD CONVENTION CTR HOTEL REV 5% | MD.BALFAC 5 09.01.2039 | 1.65% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.65% |
| WASHINGTON SUBN SAN DIST MD 2.6% | MD.WASUTL 06.01.2027 | 1.44% |
| MARYLAND ST 5% | MD.MDS 5 06.01.2040 | 1.40% |
| Us Dollars | n/a | 1.33% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2025 | $0.029 | Dec 31, 2025 |
| Nov 28, 2025 | $0.029 | Dec 1, 2025 |
| Oct 31, 2025 | $0.029 | Nov 3, 2025 |
| Sep 30, 2025 | $0.029 | Oct 1, 2025 |
| Aug 29, 2025 | $0.029 | Sep 2, 2025 |
| Jul 31, 2025 | $0.029 | Aug 1, 2025 |