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Morningstar

Nuveen High Yield Municipal Bond A NHMAX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 15.52  /  0.08 %
  • Total Assets 18.4 Bil
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.920%
  • 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 5.39%
  • Effective Duration 13.71 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:24 PM GMT+00:00

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.

Excessive risk for municipal-bond exposure.

Associate Analyst

Summary

| by Elizabeth Templeton

Nuveen High Yield Municipal Bond’s increasingly aggressive approach outweighs the benefit provided by its strong analyst team. Its cheaper share classes receive a Morningstar Analyst rating of Neutral, while its more expensive shares are rated Negative.

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