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Trending ETFs

Name

As of 06/04/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$18.34

$22.6 B

0.00%

1.74%

Vitals

YTD Return

4.1%

1 yr return

17.0%

3 Yr Avg Return

6.5%

5 Yr Avg Return

5.4%

Net Assets

$22.6 B

Holdings in Top 10

13.9%

52 WEEK LOW AND HIGH

$18.3
$16.73
$18.34

Expenses

OPERATING FEES

Expense Ratio 1.74%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 18.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/04/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$18.34

$22.6 B

0.00%

1.74%

NHMCX - Profile

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return 6.5%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.68%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen High Yield Municipal Bond Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Jun 07, 1999
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

Under normal market conditions, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal personal income tax. These municipal bonds include obligations issued by U.S. states and their subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories (such as Puerto Rico, the U.S. Virgin Islands and Guam) that pay interest that is exempt from regular federal personal income tax. The Fund may invest without limit in securities that generate income subject to the alternative minimum tax. The Fund is a long-term bond fund and, as such, will generally maintain, under normal market conditions, an investment portfolio with an overall weighted average maturity of greater than 10 years.
The Fund invests significantly in lower-quality long-term municipal bonds and may employ effective leverage through investments in inverse floaters. These investment strategies should be considered high risk relative to strategies employed by investment grade municipal bond funds.
Under normal market conditions, the Fund invests at least 65% of its net assets in low- to medium-quality bonds rated BBB/Baa or lower at the time of purchase by at least one independent rating agency or, if unrated, judged by the Fund’s sub-adviser to be of comparable quality. Below investment grade municipal bonds (those rated BB/Ba or lower) are commonly referred to as “high yield” or “junk” bonds. The Fund may invest up to 10% of its net assets in defaulted municipal bonds (i.e., bonds on which the issuer has not paid principal or interest on time).
The Fund may invest in all types of municipal bonds, including general obligation bonds, revenue bonds and participation interests in municipal leases. The Fund may invest in zero coupon bonds, which are issued at substantial discounts from their value at maturity and pay no cash income to their holders until they mature.
The Fund may invest up to 15% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates (“inverse floaters”). Inverse floaters are derivative securities that provide leveraged exposure to underlying municipal bonds. The Fund’s investments in inverse floaters are designed to increase the Fund’s income and returns through this leveraged exposure. These investments are speculative, however, and also create the possibility that income and returns will be diminished. The Fund may invest in inverse floaters that create effective leverage of up to 30% of the Fund’s total investment exposure. The Fund will only invest in inverse floating rate securities whose underlying bonds are rated A or higher.
The Fund may utilize the following derivatives: futures contracts; options on futures contracts; swap agreements, including interest rate swaps, total return swaps and credit default swaps, and options on swap agreements. The Fund may use these derivatives in an attempt to manage market risk, credit risk and yield curve risk, and to manage the effective maturity or duration of securities in the Fund’s portfolio.
The Fund’s sub-adviser uses a research-intensive investment process to identify high-yielding municipal bonds that offer attractive value in terms of their current yields, prices, credit quality, liquidity and future prospects. The sub-adviser may choose to sell municipal bonds with deteriorating credit or limited upside potential compared to other available bonds.
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NHMCX - Performance

Return Ranking - Trailing

Period NHMCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -1.4% 7.1% 33.18%
1 Yr 17.0% 0.4% 18.1% 0.90%
3 Yr 6.5%* 2.3% 9.4% 29.44%
5 Yr 5.4%* 2.0% 7.7% 14.85%
10 Yr 7.5%* 3.8% 9.5% 9.80%

* Annualized

Return Ranking - Calendar

Period NHMCX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.0% -10.1% 4.2% 89.25%
2022 6.6% -0.7% 11.7% 17.70%
2021 -3.4% -5.7% 95.6% 84.82%
2020 6.1% -0.7% 8.6% 8.24%
2019 -4.0% -6.7% -0.8% 84.57%

Total Return Ranking - Trailing

Period NHMCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -1.4% 7.1% 33.18%
1 Yr 16.0% 0.4% 18.1% 2.25%
3 Yr 6.5%* 2.3% 9.4% 24.77%
5 Yr 5.4%* 1.9% 7.7% 13.37%
10 Yr 7.5%* 3.8% 9.5% 9.15%

* Annualized

Total Return Ranking - Calendar

Period NHMCX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.0% -10.1% 4.2% 89.25%
2022 6.6% -0.7% 12.0% 18.66%
2021 -3.4% -5.7% 4.2% 87.96%
2020 6.1% -0.7% 9.8% 12.94%
2019 -4.0% -6.1% 1.1% 88.27%

NAV & Total Return History


NHMCX - Holdings

Concentration Analysis

NHMCX Category Low Category High NHMCX % Rank
Net Assets 22.6 B 10.5 K 23.5 B 2.24%
Number of Holdings 3601 1 3784 2.23%
Net Assets in Top 10 2.97 B -39.5 M 3.27 B 2.23%
Weighting of Top 10 13.88% 1.1% 100.0% 49.11%

Top 10 Holdings

  1. Energy HBR Corp 2.61%
  2. FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5% 2.14%
  3. PUBLIC FIN AUTH WIS LTD OBLIG PILOT REV 7% 1.66%
  4. CHICAGO ILL BRD ED 7% 1.44%
  5. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0% 1.24%
  6. FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 7.38% 1.02%
  7. PUERTO RICO COMWLTH 8% 0.98%
  8. PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% 0.98%
  9. PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% 0.95%
  10. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 0.85%

Asset Allocation

Weighting Return Low Return High NHMCX % Rank
Bonds
92.60% 0.00% 141.48% 90.63%
Cash
4.48% -1.83% 99.53% 25.00%
Stocks
2.92% -0.08% 3.64% 4.46%
Preferred Stocks
0.00% -42.79% 0.35% 49.11%
Other
0.00% -0.35% 100.00% 52.23%
Convertible Bonds
0.00% 0.00% 0.06% 50.45%

Stock Sector Breakdown

Weighting Return Low Return High NHMCX % Rank
Utilities
0.00% 0.00% 0.00% 68.75%
Technology
0.00% 0.00% 0.00% 68.75%
Real Estate
0.00% 0.00% 0.00% 68.75%
Industrials
0.00% 0.00% 4.74% 43.75%
Healthcare
0.00% 0.00% 0.00% 68.75%
Financial Services
0.00% 0.00% 0.00% 68.75%
Energy
0.00% 0.00% 0.00% 68.75%
Communication Services
0.00% 0.00% 0.00% 68.75%
Consumer Defense
0.00% 0.00% 0.00% 68.75%
Consumer Cyclical
0.00% 0.00% 76.00% 43.75%
Basic Materials
0.00% 19.26% 100.00% 75.00%

Stock Geographic Breakdown

Weighting Return Low Return High NHMCX % Rank
US
2.92% -0.08% 3.64% 4.46%
Non US
0.00% 0.00% 0.01% 50.00%

Bond Sector Breakdown

Weighting Return Low Return High NHMCX % Rank
Municipal
94.07% 0.47% 100.00% 79.37%
Cash & Equivalents
4.61% 0.00% 99.53% 27.80%
Corporate
1.30% 0.00% 9.67% 5.38%
Derivative
0.02% 0.00% 1.40% 1.79%
Securitized
0.00% 0.00% 18.80% 51.57%
Government
0.00% 0.00% 0.39% 52.47%

Bond Geographic Breakdown

Weighting Return Low Return High NHMCX % Rank
US
85.42% 0.00% 134.95% 83.04%
Non US
7.18% 0.00% 17.11% 42.41%

NHMCX - Expenses

Operational Fees

NHMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.74% 0.07% 3.70% 5.26%
Management Fee 0.47% 0.00% 1.60% 33.48%
12b-1 Fee 0.75% 0.00% 1.00% 70.63%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

NHMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 52.27%

Trading Fees

NHMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NHMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 7.00% 314.00% 21.82%

NHMCX - Distributions

Dividend Yield Analysis

NHMCX Category Low Category High NHMCX % Rank
Dividend Yield 0.00% 0.00% 0.74% 50.00%

Dividend Distribution Analysis

NHMCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

NHMCX Category Low Category High NHMCX % Rank
Net Income Ratio 4.68% 0.00% 6.78% 4.52%

Capital Gain Distribution Analysis

NHMCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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NHMCX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 23.27 7.35 1.61