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Nuveen High Yield Municipal Bond I NHMRX

Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 14.88  /  0.15 %
  • Total Assets 16.0 Bil
  • Adj. Expense Ratio
    0.560%
  • Expense Ratio 1.430%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 5.51%
  • Effective Duration 13.38 years

Morningstar’s Analysis NHMRX

Will NHMRX 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 NHMRX

  • Current Portfolio Date
  • Equity Holdings 4
  • Bond Holdings 2978
  • Other Holdings 38
  • % Assets in Top 10 Holdings 22.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
10.04
1,552,733,692
Utilities

FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5%

2.99
462,951,876
municipal

PUBLIC FIN AUTH WIS LTD OBLIG PILOT REV 7%

1.72
266,325,346
municipal

CHICAGO ILL BRD ED 7%

1.72
266,085,281
municipal

FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 7.38%

1.37
211,574,160
municipal

FLORIDA DEV FIN CORP REV 8%

1.19
184,201,213
municipal

GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0%

0.84
129,360,871
municipal

FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.38%

0.83
127,797,957
municipal

AURORA HIGHLANDS CMNTY AUTH BRD COLO SPL TAX REV 5.75%

0.78
120,273,707
municipal

PUERTO RICO COMWLTH 0%

0.76
118,279,839
municipal