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Nuveen High Yield Municipal Bond A NHMAX

Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 14.73  /  +0.01 %
  • 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 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 NHMAX

Will NHMAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

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.

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Portfolio Holdings NHMAX

  • 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