NMDAX Performance — Nuveen Maryland Municipal Bond Fund, Class A
Data updated: 2026-09-28
NMDAX returned +1.79% year to date and +7.66% over one year to May 2026. Annualised returns are +4.05% over 3 years and +0.65% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $113, against $112 for the category, and to $108 over one year, against $107. Volatility over the past three years was 6.45% a year. In the 12 months to May 2026 the fund took in a net $24.7M, and assets reached $267.95M.
NMDAX Growth of $100
What $100 invested in Nuveen Maryland Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | NMDAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $107 |
| 3 years (Jun 2023 – May 2026) | $113 | $112 |
| 5 years (Jun 2021 – May 2026) | $103 | $103 |
| Since data start (Sep 2019 – May 2026) | $109 | $109 |
NMDAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.79% |
| 1 year | +7.66% |
| 3 years (annualised) | +4.05% |
| 5 years (annualised) | +0.65% |
NMDAX Annual Returns
Calendar-year total returns of Nuveen Maryland Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.79% |
| 2025 | +3.61% |
| 2024 | +2.09% |
| 2023 | +6.79% |
| 2022 | −10.94% |
| 2021 | +2.32% |
| 2020 | +4.36% |
| 2019 (Sep–Dec) | −0.16% |
NMDAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | +1.4% | −2.0% | +1.3% | +0.6% | — | — | — | — | — | — | — |
| 2025 | +0.3% | +1.3% | −2.1% | −0.9% | −0.5% | +0.8% | −0.7% | +0.8% | +2.9% | +1.3% | +0.4% | +0.1% |
| 2024 | 0.0% | +0.1% | +0.2% | −1.1% | −0.2% | +1.8% | +0.8% | +0.7% | +1.3% | −1.6% | +1.9% | −1.5% |
| 2023 | +3.5% | −2.5% | +1.9% | +0.1% | −0.9% | +1.1% | +0.3% | −1.3% | −3.5% | −1.9% | +7.4% | +2.7% |
| 2022 | −2.5% | −0.5% | −3.2% | −3.1% | +1.0% | −2.5% | +3.1% | −2.5% | −4.9% | −1.1% | +5.6% | −0.4% |
| 2021 | +0.7% | −1.4% | +0.5% | +1.0% | +0.6% | +0.3% | +1.0% | −0.4% | −0.9% | −0.1% | +1.0% | +0.1% |
| 2020 | +1.8% | +1.3% | −4.6% | −2.2% | +3.2% | +1.4% | +1.8% | −0.3% | 0.0% | −0.2% | +1.5% | +0.8% |
| 2019 | — | — | — | — | — | — | — | — | −0.6% | +0.1% | +0.1% | +0.2% |
NMDAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.45%
- 3-year Sharpe ratio: -0.07 (vs 4.5% risk-free rate)
- Best month: +7.44% (Nov 2023)
- Worst month: −3.46% (Sep 2023)
NMDAX Fund Flows
Monthly money in and out of Nuveen Maryland Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $24.7M
- 12-month gross sales (incl. reinvestments): $83.4M
- Sales ÷ redemptions: 1.42×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $7.4M | $4.8M | $2.6M |
| Apr 2026 | $5.1M | $4.5M | $686K |
| Mar 2026 | $7.0M | $4.1M | $2.9M |
| Feb 2026 | $4.8M | $1.5M | $3.2M |
| Jan 2026 | $12.2M | $5.4M | $6.9M |
| Dec 2025 | $8.1M | $3.9M | $4.2M |
| Nov 2025 | $5.8M | $3.2M | $2.6M |
| Oct 2025 | $5.9M | $3.1M | $2.8M |
| Sep 2025 | $5.3M | $3.7M | $1.6M |
| Aug 2025 | $4.4M | $6.6M | −$2.2M |
| Jul 2025 | $7.8M | $9.9M | −$2.1M |
| Jun 2025 | $9.5M | $7.9M | $1.6M |
NMDAX Assets Under Management
Net assets of Nuveen Maryland Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $267.95M |
| 2026-02-28 | $264.50M |
| 2025-11-30 | $247.18M |
| 2025-08-31 | $231.56M |
| 2025-05-31 | $234.37M |
| 2025-02-28 | $249.73M |
| 2024-11-30 | $282.36M |
| 2024-08-31 | $274.98M |
| 2024-05-31 | $263.70M |
| 2024-02-29 | $260.27M |
| 2023-11-30 | $215.53M |
| 2023-08-31 | $246.66M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.