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Nuveen Maryland Municipal Bond Fund Class A NMDAX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | NMDAX | Replication |
|---|---|---|
| Annualized growth | -0.6% | -0.2% |
| Annualized volatility | 6.0% | 5.1% |
| Sharpe ratio | -0.07 | -0.02 |
| Maximum drawdown | 15.4% | 12.9% |
| Replication fit (R²) | 0.95 · Tracking error 1.3% | |
Replication portfolio
The published portfolio below is the investable basket used to model NMDAX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 92.7% |
| VCLT | FI · Long Corp | 7.3% |