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Morningstar

Nuveen High Yield Municipal Bond A NHMAX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 14.74  /  +0.08 %
  • Total Assets 16.2 Bil
  • Adj. Expense Ratio
    0.760%
  • Expense Ratio 1.630%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 5.20%
  • Effective Duration 12.55 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0

Morningstar’s Analysis NHMAX

Will NHMAX outperform in 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 NHMAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NHMAX 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 NHMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This new management team is still settling in.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Nuveen High Yield Municipal Bond benefits from the support of an expansive analyst team and robust analytic tools, but the strategy’s relatively new leadership configuration has more to prove. That, combined with an aggressive approach that courts outsized volatility, keep its People and Process ratings at Average and Below Average, respectively.

by Elizabeth Foos
Rated on Published on

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Portfolio Holdings NHMAX

More NHMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Vistra

7.76 1.2 Bil
Corporate

Fixed Income Clearing Corp Repo

4.10 651.2 Mil
Cash and Equivalents

FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5%

2.97 472.6 Mil
municipal

PUBLIC FIN AUTH WIS LTD OBLIG PILOT REV 7%

1.75 278.8 Mil
municipal

CHICAGO ILL BRD ED 7%

1.67 265.9 Mil
municipal

FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 7.38%

1.38 219.2 Mil
municipal

FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.38%

0.83 131.8 Mil
municipal

FLORIDA DEV FIN CORP REV 8.25%

0.82 130.4 Mil
municipal

PUERTO RICO COMWLTH 0%

0.79 125.4 Mil
municipal

AURORA HIGHLANDS CMNTY AUTH BRD COLO SPL TAX REV 5.75%

0.76 120.6 Mil
municipal