NMMDX Fees and Costs — Nuveen Maryland Municipal Bond Fund, Class I
Data updated: 2026-09-28
The net expense ratio is 0.56%: a 0.50% management fee plus 0.10% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 11%.
NMMDX Fees and Expenses
Annual operating expenses and sales charges of NMMDX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.60% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.56% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
NMMDX Costs Over Time
On $10,000 invested in NMMDX, assuming 5% a year before costs, total costs come to $353 over 5 years, cutting the return by 0.59% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.56%) | $59 | $184 | $321 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $193 | $353 |
| Value after costs | $10,441 | $11,383 | $12,409 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
NMMDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $59.5M
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
NMMDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America, National Association | $15.5M | 28.66% |
| JPMorgan Securities LLC | $11.7M | 21.72% |
| Mesirow Financial, Inc. | $6.0M | 11.05% |
| Morgan Stanley | $5.9M | 10.98% |
| Piper Sandler & Co. | $3.5M | 6.46% |
| Jefferies LLC | $3.2M | 5.91% |
| Wells Fargo Securities, LLC | $2.3M | 4.30% |
| RBC Capital Markets, LLC | $2.2M | 4.05% |
| BNY Mellon Capital Markets, LLC | $2.0M | 3.61% |
| Stifel Nicolaus & Company Incorporated | $1.8M | 3.27% |
Nuveen Maryland Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NMMDX | Class I | 0.56% | none |
| NMDAX | Class A | 0.76% | 4.20% |
| NACCX | Class C | 1.56% | none |
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.