NBMAX Mutual Fund

NAV$8.97

TER0.61%

Holdings150

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NBMAX Mutual Fund

NAV$8.97

Nuveen Massachusetts Municipal Bond Fund Class I

TER0.61%

Holdings150

See how much of NBMAX you already own

Just $25 once·$99/mo·Download sample

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Overview Performance Chart Dividends Top Holdings All Holdings Sectors Geography Similar Compare Overlap

Showing top 50 of 138 holdings · as of May 31, 2026

NBMAX holdings, by weight
#	Ticker	Name	Weight	Cumulative	Mkt value	Sector	Industry
1	—	Cwlth Of Massachusett 01/11/2052Financials · Banks	3.52%	3.5%	$15.47M	Financials	Banks
2	—	Massachusetts Development Finance Agency 07/01/2052Financials · Diversified Financial Services	2.51%	6.0%	$11.04M	Financials	Diversified Financial Services
Sector and industry · Pro
3	Debt	Massachusetts Development Finance Agency	2.39%	8.4%	$10.50M
4	—	University Of Massachusetts Building Authority, Project Revenue Bonds, Senior Series 2022-1	2.10%	10.5%	$9.21M
5	—	Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2019C	1.95%	12.5%	$8.59M
6	—	Massachusetts Development Finance Agency, Revenue Bonds, Mass General Brigham, Series 2024D 5 2047-07-01	1.82%	14.3%	$8.02M
7	Debt	Massachusetts St Ma St	1.69%	16.0%	$7.44M
8	Debt	Greater Fall River Vocational School District	1.63%	17.6%	$7.18M
9	—	Town of Lincoln	1.63%	19.2%	$7.17M
10	Debt	Mass Dfa Worcester Polytechnic 17B	1.61%	20.8%	$7.09M
11	Debt	Masedu	1.51%	22.4%	$6.63M
12	—	Massachusetts Development Finance Agency, Revenue Bonds, Woods Hole Oceanographic Institution, Series 2018	1.43%	23.8%	$6.30M
13	—	Massachusetts-C 5 6/53 5	1.42%	25.2%	$6.24M
14	—	Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2017a	1.38%	26.6%	$6.09M
15	Debt	Massachusetts Development Finance Agency	1.30%	27.9%	$5.70M
16	—	Puerto Rico Sales Tax Fing Corp Sales Tax Revenue	1.28%	29.2%	$5.63M
17	—	University Of Massachusetts Bldg Auth	1.22%	30.4%	$5.38M
18	—	Ma Dev Fi 5.% 10/01/46 5 2046-10-01	1.18%	31.6%	$5.17M
19	—	Taunton, Massachusetts, General Obligation Bonds, Municipal Purpose Loan Series 2024	1.18%	32.8%	$5.18M
20	—	Massachusetts Development Finance Agency, Revenue Bonds, Worcester Polytechnic Institute, Series 2017b	1.16%	33.9%	$5.08M
21	—	Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2018A 5 53693 2047-01-01	1.15%	35.1%	$5.07M
22	—	Boston Mass 5% Feb 01, 2043	1.09%	36.1%	$4.78M
23	Debt	Puerto Rico Sales Tax Financing Corp Sa	1.04%	37.2%	$4.55M
24	—	Greater Fall River Regional Vocational Technical School District, Massachusetts, State Qualified General Obligation Bonds, School Project Loan, Chapte	0.99%	38.2%	$4.36M
25	—	Boston, Massachusetts, General Obligation Bonds, Series 2025A	0.93%	39.1%	$4.09M
26	Debt	Boston Wtr & Swr Comn Rev 18A	0.91%	40.0%	$4.00M
27	Debt	Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Senior Series 2023A-1	0.84%	40.9%	$3.71M
28	Debt	E Longmeadow Twn	0.84%	41.7%	$3.69M
29	—	North Attleborough, Massachusetts, General Obligation Bonds, Municipal Purpose Loan, Series 2026 4.125 2055-03-15	0.81%	42.5%	$3.54M
30	Debt	Massachusetts St Port Auth	0.80%	43.3%	$3.53M
31	—	Ma Dev Fin Agy-Q 5 12/47	0.79%	44.1%	$3.45M
32	—	Webster, Massachusetts, General Obligation Bonds, Qualified School Project, Chapter 70B, Loan Series	0.79%	44.9%	$3.46M
33	—	Commonwealth of Massachusetts 5.5 2034-01-01	0.78%	45.7%	$3.44M
34	—	Massachusetts Development Finance Agency, Revenue Bonds, Lahey Health System Obligated Group Issue, Series 2015f	0.75%	46.4%	$3.28M
35	—	Massachusetts Development Finance Agency, Revenue Bonds, Northeastern University Issue, Series 2026A	0.73%	47.1%	$3.22M
36	—	Puerto Rico Sales Tax Fing Cor Regd Oid B/e 4.55000000	0.72%	47.9%	$3.18M
37	—	Massachusetts Development Finance Authority, Revenue Bonds, Olin College, Refunding Series 2023G	0.71%	48.6%	$3.14M
38	Debt	Prcutl	0.71%	49.3%	$3.12M
39	—	Quincy, Massachusetts, General Obligation Bonds, Municipal Purpose Loan Series 2022B	0.71%	50.0%	$3.13M
40	—	Massachusetts St Sch Bldg Auth 5% Aug 15, 2050	0.70%	50.7%	$3.09M
41	—	Massachusetts Bay Transportation Authority Sales Tax Revenue	0.70%	51.4%	$3.10M
42	—	Massachusetts Housing Finance Agency, Housing Bonds, Green Series 2025C-1 4.85 56949 2055-12-01	0.68%	52.1%	$2.97M
43	—	Ma Wtr 25C Q=Rc V7 50253	0.68%	52.8%	$3.00M
44	—	Massachusetts St Dev Fin Agy Revenue	0.66%	53.4%	$2.90M
45	—	Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2017	0.64%	54.1%	$2.83M
46	Debt	Mass Hfa Hsg 22C-1	0.63%	54.7%	$2.76M
47	Debt	Commonwealth of Puerto Rico	0.61%	55.3%	$2.66M
48	—	Massachusetts Port Authority, Revenue Bonds, Series 2021E	0.58%	55.9%	$2.56M
49	—	Massachusetts Development Finance Agency, Revenue Bonds, Northeastern University, Series 2024A 5 2042-10-01	0.58%	56.5%	$2.56M
50	—	Massachusetts Clean Water State Revolving Fund 5.0% 02-01-42	0.57%	57.0%	$2.51M
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Not reported for this fund: shares, share changes.

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NBMAX Mutual Fund All Holdings

NBMAX holdings total 150 positions. The top 10 holdings account for 20.8% of the fund, led by Cwlth Of Massachusett 01/11/2052 at 3.5%, Massachusetts Development Finance Agency 07/01/2052 at 2.5%, Massachusetts Development Finance Agency 5.25% 03/01/2054 at 2.4%.

NBMAX portfolio concentration is well-diversified, with the top 10 representing 20.8% of total assets. The largest sector exposure is Financials at 27.5%.

NBMAX sectors provide a detailed breakdown. NBMAX overlap shows how holdings compare to other funds in your portfolio.