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Nuveen High Yield Municipal Bond A NHMAX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Nuveen Investment Hub

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.

New management at the helm.

Associate Analyst Elizabeth Templeton

Elizabeth Templeton

Associate Analyst

Summary

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.

by Elizabeth Templeton
Rated on Published on

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