Nuveen High Yield Municipal Bond C2
Name
As of 06/04/2021Price
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
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 06/04/2021Price
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
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameNuveen High Yield Municipal Bond Fund
-
Fund Family NameNuveen
-
Inception DateJun 07, 1999
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited 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.
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
- Energy HBR Corp 2.61%
- FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5% 2.14%
- PUBLIC FIN AUTH WIS LTD OBLIG PILOT REV 7% 1.66%
- CHICAGO ILL BRD ED 7% 1.44%
- GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0% 1.24%
- FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 7.38% 1.02%
- PUERTO RICO COMWLTH 8% 0.98%
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% 0.98%
- PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% 0.95%
- 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
Date | Amount | Type |
---|---|---|
Apr 01, 2019 | $0.065 | |
Mar 01, 2019 | $0.065 | |
Feb 01, 2019 | $0.065 | |
Dec 31, 2018 | $0.065 | |
Dec 03, 2018 | $0.065 | |
Oct 01, 2018 | $0.065 | |
Sep 04, 2018 | $0.065 | |
Aug 01, 2018 | $0.065 | |
Jul 02, 2018 | $0.065 | |
Jun 01, 2018 | $0.065 | |
May 01, 2018 | $0.065 | |
Apr 02, 2018 | $0.065 | |
Mar 01, 2018 | $0.065 | |
Feb 01, 2018 | $0.065 | |
Dec 29, 2017 | $0.065 | |
Dec 01, 2017 | $0.065 | |
Nov 01, 2017 | $0.065 | |
Oct 02, 2017 | $0.065 | |
Sep 01, 2017 | $0.065 | |
Aug 01, 2017 | $0.069 | |
Jul 03, 2017 | $0.069 | |
Jun 01, 2017 | $0.069 | |
May 01, 2017 | $0.069 | |
Apr 03, 2017 | $0.069 | |
Mar 01, 2017 | $0.069 | |
Feb 01, 2017 | $0.069 | |
Dec 30, 2016 | $0.069 | |
Dec 07, 2016 | $0.008 | |
Nov 01, 2016 | $0.069 | |
Oct 03, 2016 | $0.069 | |
Sep 01, 2016 | $0.069 | |
Aug 01, 2016 | $0.069 | |
Jul 01, 2016 | $0.069 | |
Jun 01, 2016 | $0.069 | |
May 02, 2016 | $0.069 | |
Apr 01, 2016 | $0.069 | |
Mar 01, 2016 | $0.069 | |
Feb 01, 2016 | $0.069 | |
Dec 31, 2015 | $0.069 | |
Dec 01, 2015 | $0.069 | |
Nov 02, 2015 | $0.069 | |
Oct 01, 2015 | $0.069 | |
Sep 01, 2015 | $0.069 | |
Aug 03, 2015 | $0.069 | |
Jul 01, 2015 | $0.069 | |
Jun 01, 2015 | $0.069 | |
May 01, 2015 | $0.069 | |
Apr 01, 2015 | $0.069 | |
Mar 02, 2015 | $0.069 | |
Feb 02, 2015 | $0.069 | |
Dec 08, 2014 | $0.013 | |
Dec 01, 2014 | $0.069 | |
Nov 03, 2014 | $0.068 | |
Oct 01, 2014 | $0.072 | |
Sep 02, 2014 | $0.072 | |
Aug 01, 2014 | $0.073 | |
Jul 01, 2014 | $0.073 | |
Jun 02, 2014 | $0.073 | |
May 01, 2014 | $0.073 | |
Apr 01, 2014 | $0.073 | |
Mar 03, 2014 | $0.073 | |
Feb 03, 2014 | $0.073 | |
Dec 31, 2013 | $0.073 | |
Dec 02, 2013 | $0.073 | |
Nov 01, 2013 | $0.073 | |
Oct 01, 2013 | $0.073 | |
Sep 03, 2013 | $0.073 | |
Aug 01, 2013 | $0.072 | |
Jul 01, 2013 | $0.072 | |
Jun 03, 2013 | $0.072 | |
May 01, 2013 | $0.075 | |
Apr 01, 2013 | $0.075 | |
Mar 01, 2013 | $0.075 | |
Feb 01, 2013 | $0.075 | |
Dec 31, 2012 | $0.075 | |
Dec 03, 2012 | $0.075 | |
Nov 01, 2012 | $0.077 | |
Oct 01, 2012 | $0.077 | |
Sep 04, 2012 | $0.077 | |
Aug 01, 2012 | $0.077 | |
Jul 02, 2012 | $0.077 | |
Jun 01, 2012 | $0.077 | |
May 01, 2012 | $0.080 | |
Apr 02, 2012 | $0.080 | |
Mar 01, 2012 | $0.080 | |
Feb 01, 2012 | $0.080 | |
Dec 30, 2011 | $0.080 | |
Dec 01, 2011 | $0.080 | |
Nov 01, 2011 | $0.080 | |
Oct 03, 2011 | $0.080 | |
Sep 01, 2011 | $0.080 | |
Aug 01, 2011 | $0.080 | |
Jul 01, 2011 | $0.080 | |
Jun 01, 2011 | $0.080 | |
May 02, 2011 | $0.080 | |
Apr 01, 2011 | $0.080 | |
Mar 01, 2011 | $0.080 | |
Feb 01, 2011 | $0.079 | |
Dec 31, 2010 | $0.079 | |
Dec 01, 2010 | $0.079 | |
Nov 01, 2010 | $0.082 | |
Oct 01, 2010 | $0.082 | |
Sep 01, 2010 | $0.082 | |
Aug 02, 2010 | $0.082 | |
Jul 01, 2010 | $0.082 | |
Jun 01, 2010 | $0.082 | |
May 03, 2010 | $0.082 | |
Apr 01, 2010 | $0.082 | |
Mar 01, 2010 | $0.082 | |
Feb 01, 2010 | $0.082 | |
Dec 28, 2009 | $0.082 | |
Dec 04, 2009 | $0.005 | |
Dec 01, 2009 | $0.082 | |
Nov 02, 2009 | $0.083 | |
Oct 01, 2009 | $0.083 | |
Sep 01, 2009 | $0.083 | |
Aug 03, 2009 | $0.090 | |
Jul 01, 2009 | $0.090 | |
Jun 01, 2009 | $0.090 | |
May 01, 2009 | $0.090 | |
Apr 01, 2009 | $0.090 | |
Mar 02, 2009 | $0.090 | |
Feb 02, 2009 | $0.089 | |
Dec 26, 2008 | $0.089 | |
Dec 05, 2008 | $0.008 | |
Dec 01, 2008 | $0.089 | |
Nov 03, 2008 | $0.087 | |
Oct 01, 2008 | $0.087 | |
Sep 02, 2008 | $0.087 | |
Aug 01, 2008 | $0.082 | |
Jul 01, 2008 | $0.082 | |
Jun 02, 2008 | $0.082 | |
May 01, 2008 | $0.081 | |
Apr 01, 2008 | $0.081 | |
Mar 03, 2008 | $0.081 | |
Feb 01, 2008 | $0.079 | |
Dec 27, 2007 | $0.079 | |
Dec 05, 2007 | $0.002 | |
Dec 03, 2007 | $0.079 | |
Nov 01, 2007 | $0.079 | |
Oct 01, 2007 | $0.079 | |
Sep 04, 2007 | $0.079 | |
Aug 01, 2007 | $0.079 | |
Jul 02, 2007 | $0.079 | |
Jun 01, 2007 | $0.079 | |
May 01, 2007 | $0.079 | |
Mar 01, 2007 | $0.079 | |
Feb 01, 2007 | $0.079 | |
Dec 27, 2006 | $0.079 | |
Dec 01, 2006 | $0.079 | |
Nov 01, 2006 | $0.079 | |
Oct 02, 2006 | $0.079 | |
Sep 01, 2006 | $0.079 | |
Aug 01, 2006 | $0.079 | |
Jun 01, 2006 | $0.079 | |
May 01, 2006 | $0.082 | |
Apr 03, 2006 | $0.082 | |
Mar 01, 2006 | $0.082 | |
Feb 01, 2006 | $0.082 | |
Dec 27, 2005 | $0.082 | |
Dec 01, 2005 | $0.082 | |
Nov 01, 2005 | $0.082 | |
Oct 03, 2005 | $0.082 | |
Sep 01, 2005 | $0.082 | |
Aug 01, 2005 | $0.087 | |
Jul 01, 2005 | $0.087 | |
Jun 01, 2005 | $0.087 | |
May 02, 2005 | $0.087 | |
Apr 01, 2005 | $0.087 | |
Mar 01, 2005 | $0.087 | |
Feb 01, 2005 | $0.093 | |
Dec 27, 2004 | $0.093 | |
Dec 01, 2004 | $0.093 | |
Nov 01, 2004 | $0.093 | |
Oct 01, 2004 | $0.093 | |
Sep 01, 2004 | $0.093 | |
Aug 02, 2004 | $0.094 | |
Jul 01, 2004 | $0.094 | |
Jun 01, 2004 | $0.094 | |
May 03, 2004 | $0.093 | |
Apr 01, 2004 | $0.093 | |
Mar 01, 2004 | $0.093 | |
Feb 02, 2004 | $0.094 | |
Dec 29, 2003 | $0.094 | |
Dec 01, 2003 | $0.094 | |
Nov 03, 2003 | $0.094 | |
Oct 01, 2003 | $0.094 | |
Sep 02, 2003 | $0.094 | |
Aug 01, 2003 | $0.094 | |
Jul 01, 2003 | $0.094 | |
Jun 02, 2003 | $0.094 | |
May 01, 2003 | $0.094 | |
Mar 03, 2003 | $0.094 | |
Feb 03, 2003 | $0.094 | |
Dec 27, 2002 | $0.094 | |
Dec 02, 2002 | $0.094 | |
Nov 01, 2002 | $0.094 | |
Oct 01, 2002 | $0.094 | |
Sep 03, 2002 | $0.094 | |
Aug 01, 2002 | $0.094 | |
Jul 01, 2002 | $0.094 | |
Jun 03, 2002 | $0.094 | |
May 01, 2002 | $0.093 | |
Apr 01, 2002 | $0.093 | |
Mar 01, 2002 | $0.093 | |
Feb 01, 2002 | $0.093 | |
Dec 26, 2001 | $0.093 | |
Dec 03, 2001 | $0.093 | |
Nov 01, 2001 | $0.093 | |
Oct 01, 2001 | $0.093 | |
Sep 04, 2001 | $0.093 | |
Aug 01, 2001 | $0.093 | |
Jul 02, 2001 | $0.093 | |
Jun 01, 2001 | $0.093 | |
May 01, 2001 | $0.091 | |
Apr 02, 2001 | $0.091 | |
Mar 01, 2001 | $0.091 | |
Feb 01, 2001 | $0.091 |