Investment Strategy

The Nuveen Maryland Municipal Bond Fund is designed to provide as high a level of current interest income exempt from regular federal, state, and in some cases, local income taxes as is consistent with preservation of capital.*

Who should invest

Investors Seeking to:
  • Earn regular monthly dividends
  • Keep more of what they earn
  • Preserve investment capital over time

Fund Basics: A Shares

Select Share Class: A | B | C | I
Fund SymbolNMDAX
Fund Cusip67065L831
Inception Date9/07/1994
Latest NAV as of 11/19/2009$10.56
Latest Monthly Dividend (11/27/2009)$0.0345

A Word On Risk

Investing in municipal bonds involves interest rate risk, the risk that interest rates will rise, causing bond prices to fall; and credit risk, the risk that an issuer of a municipal bond will be unable to make interest and principal payments. As with any mutual fund, loss of principal is a risk of investing.

Investment Style

Portfolio Manager

Cathryn P. Steeves, Ph.D. serves as a portfolio manager for several Nuveen East Coast state-specific open-end municipal bond funds, as well as various Midwest and Southeast municipal bond funds. In addition, she manages several of Nuveen's closed-end funds. She joined Nuveen in 1996 and worked as a senior analyst analyzing hospitals, nursing homes and continuing care retirement facilities. She earned her undergraduate degree from Wake Forest University and her M.A., M. Phil. and Ph.D. from Columbia University.

Investment Spectrum

Effective May 1, 2008 Class B shares are only issued upon exchange of Class B shares from another Nuveen Fund or for purposes of dividend reinvestment. Effective December 31, 2008 the reinstatement privilege for Class B shares will no longer be available. Effective May 1, 2008, Class R shares were renamed Class I shares. See the Fund's prospectus for more information.

*Income is generally exempt from regular federal income taxes. Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax.