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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.

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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