Nuveen Maryland Municipal Bond Fund (NMMDX)
| Fund Assets | 231.50M |
| Expense Ratio | 0.63% |
| Min. Investment | $100,000 |
| Turnover | 23.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.67% |
| Dividend Growth | 5.39% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 9.82 |
| YTD Return | 3.28% |
| 1-Year Return | 1.43% |
| 5-Year Return | 4.10% |
| 52-Week Low | 9.04 |
| 52-Week High | 9.85 |
| Beta (5Y) | 0.33 |
| Holdings | 190 |
| Inception Date | Feb 28, 1992 |
About NMMDX
Nuveen Maryland Municipal Bond Fund Class I is a fixed income mutual fund that primarily invests in investment-grade municipal bonds issued by entities within the state of Maryland. The fund’s main objective is to provide investors with a high level of current interest income that is exempt from regular federal, Maryland state, and, in some cases, local income taxes. By focusing on municipal bonds, the fund supports the financing of essential public projects such as infrastructure, education, and health facilities within Maryland. It may also invest up to 20% of its assets in below investment grade, or high yield, municipal bonds, adding a measure of credit risk for the potential of higher income. This institutional class fund is structured for organizations and professional investors, requiring a higher minimum initial investment compared to its retail counterparts. The Nuveen Maryland Municipal Bond Fund Class I plays a specialized role in the financial market by offering targeted, tax-efficient income to investors with exposure concentrated in Maryland’s municipal bond market, thereby also supporting local public development initiatives.
Performance
NMMDX had a total return of 1.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.58%.
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 | $0.0305 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0305 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0305 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0305 | Oct 1, 2025 |
| Aug 29, 2025 | $0.0305 | Sep 2, 2025 |
| Jul 31, 2025 | $0.0305 | Aug 1, 2025 |