NMMDX

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.