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NHMRX Nuveen High Yield Municipal Bond I

  • Fund
  • NHMRX
  • Price as of: Jul 13, 2018
  • $17.31
  • + $0.01
  • + 0.06%
  • Category
  • High Yield Municipal Bonds

NHMRX - Profile

Vitals

  • YTD Return -0.9%
  • 3 Yr Annualized Return 6.4%
  • 5 Yr Annualized Return 7.4%
  • Net Assets $17 B
  • Holdings in Top 10 11.9%

52 WEEK LOW AND HIGH

$17.31
$17.01
$17.56

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

N/A

Investment Themes

CATEGORY

High Yield Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Distributions

  • YTD Total Return -0.9%
  • 3 Yr Annualized Total Return 6.4%
  • 5 Yr Annualized Total Return 7.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.35%
DIVIDENDS
  • Dividend Yield 1.0%
  • 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 Inst
  • Currency USD
  • Domiciled Country United States
  • Manager John V. Miller

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. It invests significantly in lower-quality long-term municipal bonds and may employ effective leverage through investments in inverse floaters.

NHMRX - Performance

Return Ranking - Trailing

Period NHMRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.9% -1.9% 5.2% 39.31% 3
1 Yr 6.8% -9.1% 12.2% 7.53% 1
3 Yr 6.4% * 0.2% 8.8% 9.03% 1
5 Yr 7.4% * -0.7% 7.4% 0.74% 1
10 Yr 5.7% * 2.7% 6.5% 10.09% 1

* Annualized


Return Ranking - Calendar

Period NHMRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 6.1% -6.7% 8.6% 8.97% 1
2016 -4.0% -6.7% 2.4% 58.33% 5
2015 -0.8% -2.0% 13.1% 49.31% 4
2014 12.4% -12.2% 13.1% 6.57% 1
2013 -10.4% -13.7% 12.2% 38.52% 4

Total Return Ranking - Trailing

Period NHMRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.9% -100.0% 5.2% 38.62% 3
1 Yr 6.8% -8.3% 9.2% 5.48% 1
3 Yr 6.4% * 0.4% 8.8% 7.64% 1
5 Yr 7.4% * 1.5% 7.4% 0.74% 1
10 Yr 5.7% * 2.7% 6.5% 6.42% 1

* Annualized


Total Return Ranking - Calendar

Period NHMRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 6.1% -4.4% 8.6% 8.97% 1
2016 -4.0% -5.0% 4.3% 61.81% 5
2015 -0.8% -2.0% 19.5% 54.17% 5
2014 12.5% -11.4% 20.0% 12.41% 1
2013 -10.4% -13.7% 17.7% 43.44% 4

NAV & Total Return History

NHMRX - Holdings

Filings data as of: May 31, 2018

Concentration Analysis

NHMRX Category Low Category High NHMRX % Rank Quintile
Net Assets 17 B 152 K 17 B 0.68% 1
Number of Holdings 3048 51 3048 0.68% 1
Net Assets in Top 10 1.99 B -34.9 M 1.99 B 0.68% 1
Weighting of Top 10 11.9% 5.7% 36.2% 20.41% 3

Top 10 Holdings

  1. PUBLIC FIN AUTH WIS 7% 1.90%
  2. FLORIDA DEV FIN CORP 0% 1.83%
  3. CHICAGO ILL BRD ED 7% 1.83%
  4. IOWA FIN AUTH 4.75% 1.13%
  5. GOLDEN ST TOB SECURITIZATION CORP CALIF 5.3% 0.93%
  6. GOLDEN ST TOB SECURITIZATION CORP CALIF 0% 0.91%
  7. IOWA FIN AUTH 5.25% 0.87%
  8. CHICAGO ILL 6% 0.86%
  9. CALIFORNIA STATEWIDE CMNTYS DEV AUTH 5.25% 0.84%
  10. GOLDEN ST TOB SECURITIZATION CORP CALIF 5.12% 0.83%

Asset Allocation

Weighting Category Low Category High NHMRX % Rank Quintile
Bonds
98.31% 77.89% 105.44% 20.41% 4
Cash
0.90% -5.44% 22.11% 15.65% 3
Stocks
0.79% 0.00% 2.97% 1.36% 1
Preferred Stocks
0.00% 0.00% 0.00% 0.68% 2
Other
0.00% -0.32% 3.26% 6.80% 3
Convertible Bonds
0.00% 0.00% 0.00% 0.68% 2

Stock Sector Breakdown

Weighting Category Low Category High NHMRX % Rank Quintile
Industrials
0.78% 0.00% 2.96% 5.56% 1
Consumer Cyclical
0.01% 0.00% 0.01% 2.78% 1
Utilities
0.00% 0.00% 0.00% 2.78% 4
Technology
0.00% 0.00% 0.00% 2.78% 4
Real Estate
0.00% 0.00% 0.00% 2.78% 4
Healthcare
0.00% 0.00% 0.00% 2.78% 4
Financial Services
0.00% 0.00% 0.00% 2.78% 4
Energy
0.00% 0.00% 0.00% 2.78% 4
Communication Services
0.00% 0.00% 0.00% 2.78% 4
Consumer Defense
0.00% 0.00% 0.00% 2.78% 4
Basic Materials
0.00% 0.00% 0.00% 2.78% 4

Stock Geographic Breakdown

Weighting Category Low Category High NHMRX % Rank Quintile
US
0.79% 0.00% 2.97% 1.36% 1
Non US
0.00% 0.00% 0.00% 0.68% 2

Bond Sector Breakdown

Weighting Category Low Category High NHMRX % Rank Quintile
Municipal
98.26% 90.16% 104.02% 20.41% 4
Cash & Equivalents
0.90% -5.44% 22.10% 14.97% 2
Derivative
0.05% -4.18% 0.05% 0.68% 1
Securitized
0.00% 0.00% 0.08% 1.36% 2
Corporate
0.00% 0.00% 0.76% 10.20% 3
Government
0.00% -8.50% 7.10% 5.44% 3

Bond Geographic Breakdown

Weighting Category Low Category High NHMRX % Rank Quintile
US
97.88% 74.69% 102.07% 18.37% 3
Non US
0.43% -0.14% 13.03% 18.37% 4

NHMRX - Expenses

Operational Fees

NHMRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.78% 0.27% 44.43% 42.18% 2
Management Fee 0.49% 0.00% 0.75% 8.16% 2
12b-1 Fee 0.00% 0.00% 1.00% 18.02% 1
Administrative Fee N/A 0.00% 0.35% N/A N/A

Sales Fees

NHMRX Fees (% of AUM) Category Low Category High NHMRX Rank Quintile
Front Load N/A 1.00% 4.75% N/A N/A
Deferred Load N/A 0.60% 5.50% N/A N/A

Trading Fees

NHMRX Fees (% of AUM) Category Low Category High NHMRX Rank Quintile
Max Redemption Fee N/A 0.75% 2.00% N/A N/A

Turnover 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.

NHMRX Fees (% of AUM) Category Low Category High NHMRX Rank Quintile
Turnover 17.00% 3.00% 172.00% 18.37% 1

NHMRX - Distributions

Dividend Yield Analysis

NHMRX Category Low Category High NHMRX % Rank Quintile
Dividend Yield 1.0% 0.16% 0.96% 0.70% 1

Dividend Distribution Analysis

NHMRX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

NHMRX Category Low Category High NHMRX % Rank Quintile
Net Income Ratio 5.35% 1.39% 5.74% 4.08% 1

Capital Gain Distribution Analysis

NHMRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

NHMRX - Managers

John V. Miller

Manager

Start Date

Dec 31, 2000

Tenure

17.51

Tenure Rank

1.4%

John V. Miller, CFA, is Managing Director and Co-Head of Fixed Income at Nuveen Asset Management. Before being named to co-head of fixed income in 2011, he was chief investment officer for the firm’s municipal bond team starting in 2007. He was named a managing director and head of portfolio management for Nuveen Asset Management in 2006. Mr. Miller became a portfolio manager in 2000 after starting at the firm as a municipal credit analyst in 1996. He began working in the financial industry at a private account management firm in 1993. Mr. Miller earned a B.A. in Economics and Political Science from Duke University, an M.A. in Economics from Northwestern University, and an M.B.A. with honors in Finance from the University of Chicago.


Tenure Analysis

Category Low

0.0

Category High

29.5

Category Average

8.37

Category Mode

3.5