Mutual Funds

MF

Nuveen Maryland Municipal Bond Fund


Fund Description

The Fund invests primarily in investment-grade municipal bonds and 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:
  • Monthly, tax-free income* from a high-quality state municipal fund
  • Attractive after-tax returns
  • Potential for preservation of capital over time

Fund Basics - A Shares

Fund SymbolNMDAX
Fund Cusip67065L831
Inception Date9/07/1994
Latest NAV as of 4/23/2014$10.58
Latest Monthly Dividend (4/01/2014)$0.0330

Morningstar Ratings: A Shares

As of date: 3/31/2014 Category: Muni Single State Long

 Number of FundsRatingsLoad Waived Ratings
Overall293
3 year293
5 year277
10 year230

Morningstar ratings may vary among share classes and are based on historical risk-adjusted total returns, which are not indicative of future results. The fund may have experienced negative returns over the time periods rated.

View Nuveen's 4-and 5-Star Funds

Portfolio Manager


Thomas Spalding, CFA
39 years investment experience
Managed fund since 2011
More

Average Annual Total Returns: A Shares

as of date: 3/31/2014

 With
Sales Charge
Without
Sales Charge
YTD - 04/23/2014 0.33%4.74%
1 Month -3.80%0.41%
3 Month -0.48%3.90%
6 Month -0.97%3.41%
1 Year -5.95%-1.81%
3 Year 3.56%5.06%
5 Year 5.04%5.94%
10 Year 3.43%3.87%
Since Inception 4.78%4.99%

Expense Ratios: A Shares

Updated annually

Net Expense Ratio0.82%
Gross Expense Ratio0.82%

A Word On Risk

Mutual fund investing involves risk; principal loss is possible. Debt or fixed income securities such as those held by the Fund, are subject to market risk, credit risk, interest rate risk, call risk, state concentration risk, tax risk, and income risk. As interest rates rise, bond prices fall. Credit risk refers to an issuers ability to make interest and principal payments when due. Below investment grade or high yield debt securities are subject to liquidity risk and heightened credit risk. The Fund's use of inverse floaters creates effective leverage. Leverage involves the risk that the Fund could lose more than its original investment and also increases the Fund's exposure to volatility and interest rate risk.

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