Nuveen High Yield Municipal Bond leverages an expansive analyst team to support its aggressive approach. Yet, the abrupt change in leadership of the group and the management of this strategy, combined with a process that comes with added volatility, give us reason to pause. Its cheapest share classes receive a Morningstar Analyst Rating of Neutral, while its most expensive are rated Negative.
Nuveen High Yield Municipal Bond I NHMRX
- NAV / 1-Day Return 14.73 / +0.01 %
- Total Assets 16.2 Bil
-
Adj. Expense Ratio
0.560%
- Expense Ratio 1.430%
- Distribution Fee Level Below Average
- Share Class Type Institutional
- Category High Yield Muni
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 100,000
- Status Open
- TTM Yield 5.40%
- Effective Duration 13.15 years
USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 11:49 PM GMT+0
Morningstar’s Analysis NHMRX
Will NHMRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 22.3
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Energy HBR Corp | 10.30 | 1.6 Bil | Utilities |
FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5% | 2.97 | 471.7 Mil | municipal |
PUBLIC FIN AUTH WIS LTD OBLIG PILOT REV 7% | 1.72 | 272.3 Mil | municipal |
CHICAGO ILL BRD ED 7% | 1.68 | 266.3 Mil | municipal |
FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 7.38% | 1.36 | 215.2 Mil | municipal |
FLORIDA DEV FIN CORP REV 8% | 1.19 | 189.5 Mil | municipal |
Fixed Income Clearing Corp Repo | 1.08 | 170.8 Mil | Cash and Equivalents |
FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.38% | 0.83 | 131.6 Mil | municipal |
PUERTO RICO COMWLTH 0% | 0.80 | 126.9 Mil | municipal |
AURORA HIGHLANDS CMNTY AUTH BRD COLO SPL TAX REV 5.75% | 0.76 | 121.1 Mil | municipal |