Nuveen High Yield Municipal Bond A
Fund
NHMAX
Price as of:
$18.24
+ $0.01
+ 0.06%
Primary Theme
fund company
share class
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
3.5%
1 yr return
13.6%
3 Yr Avg Return
7.3%
5 Yr Avg Return
5.7%
Net Assets
$24.3 B
Holdings in Top 10
13.9%
52 WEEK LOW AND HIGH
$18.2
$16.74
$18.66
Expenses
OPERATING FEES
Expense Ratio 0.96%
SALES FEES
Front Load 4.20%
Deferred Load N/A
TRADING FEES
Turnover 18.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$3,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
High Yield Muni
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
NHMAX - Profile
Distributions
- YTD Total Return 3.5%
- 3 Yr Annualized Total Return 5.8%
- 5 Yr Annualized Total Return 4.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.17%
- 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 ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJohn 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.
NHMAX - Performance
Return Ranking - Trailing
| Period | NHMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -2.4% | 4.8% | 6.36% |
| 1 Yr | 13.6% | 0.4% | 15.5% | 1.81% |
| 3 Yr | 7.3%* | 2.3% | 9.4% | 9.26% |
| 5 Yr | 5.7%* | 1.8% | 7.2% | 8.25% |
| 10 Yr | 7.6%* | 3.5% | 8.7% | 5.10% |
* Annualized
Return Ranking - Calendar
| Period | NHMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -2.0% | -10.1% | 4.2% | 88.94% |
| 2019 | 6.6% | -0.7% | 9.1% | 16.98% |
| 2018 | -3.4% | -5.7% | 95.6% | 82.99% |
| 2017 | 6.1% | -0.7% | 8.6% | 12.72% |
| 2016 | -4.0% | -6.7% | -0.8% | 80.72% |
Total Return Ranking - Trailing
| Period | NHMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -2.4% | 4.8% | 6.36% |
| 1 Yr | 8.8% | -0.4% | 15.5% | 29.86% |
| 3 Yr | 5.8%* | 2.3% | 9.4% | 45.37% |
| 5 Yr | 4.8%* | 1.8% | 7.2% | 24.27% |
| 10 Yr | 7.2%* | 3.5% | 8.7% | 7.01% |
* Annualized
Total Return Ranking - Calendar
| Period | NHMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -2.0% | -10.1% | 4.2% | 88.94% |
| 2019 | 6.6% | -0.7% | 9.1% | 16.98% |
| 2018 | -3.4% | -5.7% | 4.2% | 85.57% |
| 2017 | 6.1% | -0.7% | 9.8% | 16.18% |
| 2016 | -3.9% | -6.3% | 1.1% | 83.13% |
NAV & Total Return History
NHMAX - Holdings
Concentration Analysis
| NHMAX | Category Low | Category High | NHMAX % Rank | |
|---|---|---|---|---|
| Net Assets | 24.3 B | 10.5 K | 24.3 B | 0.90% |
| Number of Holdings | 3938 | 3 | 3938 | 0.90% |
| Net Assets in Top 10 | 3.34 B | -38.8 M | 3.34 B | 0.90% |
| Weighting of Top 10 | 13.89% | 1.1% | 100.0% | 41.70% |
Top 10 Holdings
- Energy HBR Corp 3.05%
- FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5% 1.97%
- PUBLIC FIN AUTH WIS LTD OBLIG PILOT REV 7% 1.47%
- PUERTO RICO COMWLTH 8% 1.36%
- PUERTO RICO COMWLTH 8% 1.35%
- CHICAGO ILL BRD ED 7% 1.30%
- GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0% 1.13%
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% 0.97%
- FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 7.38% 0.96%
- PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% 0.87%
Asset Allocation
| Weighting | Return Low | Return High | NHMAX % Rank | |
|---|---|---|---|---|
| Bonds | 89.26% | 0.00% | 140.95% | 94.62% |
| Cash | 7.43% | -3.98% | 99.53% | 12.11% |
| Stocks | 3.31% | -0.01% | 4.25% | 1.35% |
| Preferred Stocks | 0.00% | -41.33% | 0.32% | 19.73% |
| Other | 0.00% | -0.20% | 99.99% | 25.11% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 17.49% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NHMAX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 0.00% | 12.50% |
| Technology | 0.00% | 0.00% | 0.00% | 12.50% |
| Real Estate | 0.00% | 0.00% | 0.00% | 12.50% |
| Industrials | 0.00% | 0.00% | 4.74% | 25.00% |
| Healthcare | 0.00% | 0.00% | 0.00% | 12.50% |
| Financial Services | 0.00% | 0.00% | 0.00% | 12.50% |
| Energy | 0.00% | 0.00% | 0.00% | 12.50% |
| Communication Services | 0.00% | 0.00% | 0.00% | 12.50% |
| Consumer Defense | 0.00% | 0.00% | 0.00% | 12.50% |
| Consumer Cyclical | 0.00% | 0.00% | 76.00% | 25.00% |
| Basic Materials | 0.00% | 19.26% | 100.00% | 56.25% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NHMAX % Rank | |
|---|---|---|---|---|
| US | 3.31% | -0.01% | 4.25% | 1.35% |
| Non US | 0.00% | 0.00% | 0.01% | 19.73% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | NHMAX % Rank | |
|---|---|---|---|---|
| Municipal | 91.23% | 0.00% | 100.00% | 89.69% |
| Cash & Equivalents | 7.69% | 0.00% | 100.00% | 12.11% |
| Corporate | 1.05% | 0.00% | 4.18% | 7.62% |
| Derivative | 0.03% | 0.00% | 0.03% | 0.90% |
| Securitized | 0.00% | 0.00% | 20.38% | 20.63% |
| Government | 0.00% | 0.00% | 0.39% | 23.77% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | NHMAX % Rank | |
|---|---|---|---|---|
| US | 80.73% | 0.00% | 134.92% | 95.07% |
| Non US | 8.53% | 0.00% | 16.00% | 25.56% |
NHMAX - Expenses
Operational Fees
| NHMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.96% | 0.05% | 2.56% | 30.58% |
| Management Fee | 0.48% | 0.00% | 1.00% | 38.12% |
| 12b-1 Fee | 0.20% | 0.00% | 1.00% | 28.10% |
| Administrative Fee | N/A | 0.02% | 0.35% | N/A |
Sales Fees
| NHMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.20% | 1.00% | 5.75% | 47.73% |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| NHMAX 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.
| NHMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.00% | 7.00% | 250.00% | 22.33% |
NHMAX - Distributions
Dividend Yield Analysis
| NHMAX | Category Low | Category High | NHMAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 1.79% | 18.39% |
Dividend Distribution Analysis
| NHMAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| NHMAX | Category Low | Category High | NHMAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.17% | 0.75% | 6.78% | 3.62% |
Capital Gain Distribution Analysis
| NHMAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Apr 01, 2019 | $0.073 |
| Mar 01, 2019 | $0.073 |
| Feb 01, 2019 | $0.073 |
| Dec 31, 2018 | $0.073 |
| Dec 03, 2018 | $0.073 |
| Oct 01, 2018 | $0.073 |
| Sep 04, 2018 | $0.073 |
| Aug 01, 2018 | $0.073 |
| Jul 02, 2018 | $0.073 |
| Jun 01, 2018 | $0.073 |
| May 01, 2018 | $0.073 |
| Apr 02, 2018 | $0.073 |
| Mar 01, 2018 | $0.073 |
| Feb 01, 2018 | $0.073 |
| Dec 29, 2017 | $0.073 |
| Dec 01, 2017 | $0.073 |
| Nov 01, 2017 | $0.073 |
| Oct 02, 2017 | $0.073 |
| Sep 01, 2017 | $0.073 |
| Aug 01, 2017 | $0.077 |
| Jul 03, 2017 | $0.077 |
| Jun 01, 2017 | $0.077 |
| May 01, 2017 | $0.077 |
| Apr 03, 2017 | $0.077 |
| Mar 01, 2017 | $0.077 |
| Feb 01, 2017 | $0.077 |
| Dec 30, 2016 | $0.077 |
| Dec 07, 2016 | $0.008 |
| Nov 01, 2016 | $0.077 |
| Oct 03, 2016 | $0.077 |
| Sep 01, 2016 | $0.077 |
| Aug 01, 2016 | $0.077 |
| Jul 01, 2016 | $0.077 |
| Jun 01, 2016 | $0.077 |
| May 02, 2016 | $0.077 |
| Apr 01, 2016 | $0.077 |
| Mar 01, 2016 | $0.077 |
| Feb 01, 2016 | $0.077 |
| Dec 31, 2015 | $0.077 |
| Dec 01, 2015 | $0.077 |
| Nov 02, 2015 | $0.077 |
| Oct 01, 2015 | $0.077 |
| Sep 01, 2015 | $0.077 |
| Aug 03, 2015 | $0.077 |
| Jul 01, 2015 | $0.077 |
| Jun 01, 2015 | $0.077 |
| May 01, 2015 | $0.077 |
| Apr 01, 2015 | $0.077 |
| Mar 02, 2015 | $0.077 |
| Feb 02, 2015 | $0.077 |
| Dec 31, 2014 | $0.077 |
| Dec 08, 2014 | $0.013 |
| Dec 01, 2014 | $0.077 |
| Nov 03, 2014 | $0.077 |
| Oct 01, 2014 | $0.080 |
| Sep 02, 2014 | $0.080 |
| Aug 01, 2014 | $0.080 |
| Jul 01, 2014 | $0.080 |
| Jun 02, 2014 | $0.080 |
| May 01, 2014 | $0.080 |
| Apr 01, 2014 | $0.080 |
| Mar 03, 2014 | $0.080 |
| Feb 03, 2014 | $0.080 |
| Dec 31, 2013 | $0.080 |
| Dec 02, 2013 | $0.080 |
| Nov 01, 2013 | $0.080 |
| Oct 01, 2013 | $0.080 |
| Sep 03, 2013 | $0.080 |
| Aug 01, 2013 | $0.080 |
| Jul 01, 2013 | $0.080 |
| Jun 03, 2013 | $0.080 |
| May 01, 2013 | $0.083 |
| Apr 01, 2013 | $0.083 |
| Mar 01, 2013 | $0.083 |
| Feb 01, 2013 | $0.083 |
| Dec 31, 2012 | $0.083 |
| Dec 03, 2012 | $0.083 |
| Nov 01, 2012 | $0.085 |
| Oct 01, 2012 | $0.085 |
| Sep 04, 2012 | $0.085 |
| Aug 01, 2012 | $0.085 |
| Jul 02, 2012 | $0.085 |
| Jun 01, 2012 | $0.085 |
| May 01, 2012 | $0.087 |
| Apr 02, 2012 | $0.087 |
| Mar 01, 2012 | $0.087 |
| Feb 01, 2012 | $0.087 |
| Dec 30, 2011 | $0.087 |
| Dec 01, 2011 | $0.087 |
| Nov 01, 2011 | $0.087 |
| Oct 03, 2011 | $0.087 |
| Sep 01, 2011 | $0.087 |
| Aug 01, 2011 | $0.087 |
| Jul 01, 2011 | $0.087 |
| Jun 01, 2011 | $0.087 |
| May 02, 2011 | $0.087 |
| Apr 01, 2011 | $0.087 |
| Mar 01, 2011 | $0.087 |
| Feb 01, 2011 | $0.087 |
| Dec 31, 2010 | $0.087 |
| Dec 01, 2010 | $0.087 |
| Nov 01, 2010 | $0.089 |
| Oct 01, 2010 | $0.089 |
| Sep 01, 2010 | $0.089 |
| Aug 02, 2010 | $0.089 |
| Jul 01, 2010 | $0.089 |
| Jun 01, 2010 | $0.089 |
| May 03, 2010 | $0.089 |
| Apr 01, 2010 | $0.089 |
| Mar 01, 2010 | $0.089 |
| Feb 01, 2010 | $0.089 |
| Dec 28, 2009 | $0.089 |
| Dec 04, 2009 | $0.005 |
| Dec 01, 2009 | $0.089 |
| Nov 02, 2009 | $0.089 |
| Oct 01, 2009 | $0.089 |
| Sep 01, 2009 | $0.089 |
| Aug 03, 2009 | $0.096 |
| Jul 01, 2009 | $0.096 |
| Jun 01, 2009 | $0.096 |
| May 01, 2009 | $0.096 |
| Apr 01, 2009 | $0.096 |
| Mar 02, 2009 | $0.096 |
| Feb 02, 2009 | $0.096 |
| Dec 26, 2008 | $0.096 |
| Dec 05, 2008 | $0.008 |
| Dec 01, 2008 | $0.096 |
| Nov 03, 2008 | $0.096 |
| Oct 01, 2008 | $0.096 |
| Sep 02, 2008 | $0.096 |
| Aug 01, 2008 | $0.091 |
| Jul 01, 2008 | $0.091 |
| Jun 02, 2008 | $0.091 |
| May 01, 2008 | $0.091 |
| Apr 01, 2008 | $0.091 |
| Mar 03, 2008 | $0.091 |
| Feb 01, 2008 | $0.089 |
| Dec 27, 2007 | $0.089 |
| Dec 05, 2007 | $0.002 |
| Dec 03, 2007 | $0.089 |
| Nov 01, 2007 | $0.089 |
| Oct 01, 2007 | $0.089 |
| Sep 04, 2007 | $0.089 |
| Aug 01, 2007 | $0.089 |
| Jul 02, 2007 | $0.089 |
| Jun 01, 2007 | $0.089 |
| May 01, 2007 | $0.089 |
| Mar 01, 2007 | $0.089 |
| Feb 01, 2007 | $0.089 |
| Dec 27, 2006 | $0.089 |
| Dec 01, 2006 | $0.089 |
| Nov 01, 2006 | $0.089 |
| Oct 02, 2006 | $0.089 |
| Sep 01, 2006 | $0.089 |
| Aug 01, 2006 | $0.089 |
| Jun 01, 2006 | $0.089 |
| May 01, 2006 | $0.092 |
| Apr 03, 2006 | $0.092 |
| Mar 01, 2006 | $0.092 |
| Feb 01, 2006 | $0.092 |
| Dec 27, 2005 | $0.092 |
| Dec 01, 2005 | $0.092 |
| Nov 01, 2005 | $0.092 |
| Oct 03, 2005 | $0.092 |
| Sep 01, 2005 | $0.092 |
| Aug 01, 2005 | $0.097 |
| Jul 01, 2005 | $0.097 |
| Jun 01, 2005 | $0.097 |
| May 02, 2005 | $0.097 |
| Apr 01, 2005 | $0.097 |
| Mar 01, 2005 | $0.097 |
| Feb 01, 2005 | $0.103 |
| Dec 27, 2004 | $0.103 |
| Dec 01, 2004 | $0.103 |
| Nov 01, 2004 | $0.103 |
| Oct 01, 2004 | $0.103 |
| Sep 01, 2004 | $0.103 |
| Aug 02, 2004 | $0.103 |
| Jul 01, 2004 | $0.103 |
| Jun 01, 2004 | $0.103 |
| May 03, 2004 | $0.103 |
| Apr 01, 2004 | $0.103 |
| Mar 01, 2004 | $0.103 |
| Feb 02, 2004 | $0.103 |
| Dec 29, 2003 | $0.103 |
| Dec 01, 2003 | $0.103 |
| Nov 03, 2003 | $0.103 |
| Oct 01, 2003 | $0.103 |
| Sep 02, 2003 | $0.103 |
| Aug 01, 2003 | $0.103 |
| Jul 01, 2003 | $0.103 |
| Jun 02, 2003 | $0.103 |
| May 01, 2003 | $0.103 |
| Mar 03, 2003 | $0.103 |
| Feb 03, 2003 | $0.103 |
| Dec 27, 2002 | $0.103 |
| Dec 02, 2002 | $0.103 |
| Nov 01, 2002 | $0.103 |
| Oct 01, 2002 | $0.103 |
| Sep 03, 2002 | $0.103 |
| Aug 01, 2002 | $0.103 |
| Jul 01, 2002 | $0.103 |
| Jun 03, 2002 | $0.103 |
| May 01, 2002 | $0.102 |
| Apr 01, 2002 | $0.102 |
| Mar 01, 2002 | $0.102 |
| Feb 01, 2002 | $0.102 |
| Dec 26, 2001 | $0.102 |
| Dec 03, 2001 | $0.102 |
| Nov 01, 2001 | $0.102 |
| Oct 01, 2001 | $0.102 |
| Sep 04, 2001 | $0.102 |
| Aug 01, 2001 | $0.102 |
| Jul 02, 2001 | $0.102 |
| Jun 01, 2001 | $0.102 |
| May 01, 2001 | $0.100 |
| Apr 02, 2001 | $0.100 |
| Mar 01, 2001 | $0.100 |
| Feb 01, 2001 | $0.100 |
NHMAX - Fund Manager Analysis
Managers
John Miller
Start Date
Tenure
Tenure Rank
Dec 31, 2000
20.76
20.8%
John leads the municipals fixed income strategic direction and investment perspectives for Nuveen. He also manages several municipal bond strategies and closed-end funds. John is a trusted public voice in discussing key issues and trends within the municipal market. He is a frequent guest on CNBC, Bloomberg Television and Fox Business News. His perspective is often sought out by leading industry media such as The Wall Street Journal, Barron’s, Bloomberg News and Morningstar. Before being named the 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. John 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. John 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. in Finance with honors from the University of Chicago. He holds the Chartered Financial Analyst designation and is a member of the CFA institute and the CFA society of Chicago. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA institute.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.06 | 23.52 | 7.35 | 1.86 |