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.
- NAV / 1-Day Return 14.92 / 0.69 %
- Total Assets 17.6 Bil
-
Adj. Expense Ratio
- 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 5.33%
- Effective Duration 13.17 years
Morningstar’s Analysis NHMAX
Will NHMAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date Apr 30, 2023
- Equity Holdings 3
- Bond Holdings 3493
- Other Holdings 22
- % Assets in Top 10 Holdings 19.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
Fixed Income Clearing Corp Repo
3.43
611,619,171
Cash and Equivalents
FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5%
2.50
445,766,156
municipal
PUBLIC FIN AUTH WIS LTD OBLIG PILOT REV 7%
1.54
274,806,056
municipal
CHICAGO ILL BRD ED 7%
1.51
269,388,331
municipal
FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 7.38%
1.12
199,640,700
municipal
FLORIDA DEV FIN CORP REV 7.25%
1.03
182,754,346
municipal
GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0%
0.80
142,684,051
municipal
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 0%
0.73
130,081,528
municipal
FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.38%
0.70
125,278,153
municipal