Morningstar

Nuveen Massachusetts Municipal Bond Fund Class I NBMAX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 8.53  /  −0.93 %
  • Total Assets 378.0M
  • Adj. Expense Ratio
    0.590%
  • Expense Ratio 0.590%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni Massachusetts
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.84%
  • Effective Duration 8.74 years

USD | NAV as of Oct 08, 2026 | 1-Day Return as of Oct 08, 2026, 12:15 AM GMT+0

Morningstar’s Analysis NBMAX

Will NBMAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NBMAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NBMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NBMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Nuveen MA Municipal Bond I holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings NBMAX

More NBMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST 5%

3.54 15M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5.25%

2.49 11M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5.25%

2.40 10M
municipal

UNIVERSITY MASS BLDG AUTH PROJ REV 5%

2.12 9M
municipal

MASSACHUSETTS ST 5%

1.98 9M
municipal

MASSACHUSETTS ST TRANSN FD REV 5%

1.92 8M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

1.85 8M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

1.79 8M
municipal

MASSACHUSETTS ST 5.25%

1.71 7M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

1.64 7M
municipal

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