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NHMAX Nuveen High Yield Municipal Bond A

  • Fund
  • NHMAX
  • Price as of: Apr 23, 2019
  • $17.42 - $0.00 - 0.00%
  • Category
  • High Yield Municipal Bonds
Profile Performance Holdings Expenses Distributions Managers Read Next

NHMAX - Profile

Vitals

  • YTD Return 3.3%
  • 3 Yr Annualized Return -0.2%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $18.4 B
  • Holdings in Top 10 11.3%

52 WEEK LOW AND HIGH

$17.42
$16.70
$17.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.98%

SALES FEES

  • Front Load 4.20%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

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 3.3%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.14%
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 A
  • Currency USD
  • Domiciled Country United States

Fund Description

The Nuveen High Yield Municipal Bond Fund Class A (NHMAX) is an actively managed municipal bond fund that seeks to provide a high level of tax-exempt income. NHMAX does this by betting on the high-yield segment of the muni bond market. These bonds are often tied to special projects or are from states/towns with less-than-stellar credit. The fund uses intensive credit and economic trend analysis to find bonds that offer high income with low risk.

Given its mandate for high, tax-free (albeit riskier) income, high earners looking to save on taxes could find the fund a great fit in their taxable accounts. The fund is managed by Nuveen.

NHMAX - Performance

Return Ranking - Trailing

Period NHMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% 0.8% 4.1% 6.30%
1 Yr 2.1% -0.8% 5.3% 28.00%
3 Yr -0.2%* -1.9% 2.1% 36.07%
5 Yr 1.2%* -0.3% 13.1% 47.11%
10 Yr 3.2%* 0.9% 6.4% 15.00%

* Annualized

Return Ranking - Calendar

Period NHMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.4% -5.6% 4.2% 91.20%
2017 6.1% 0.0% 8.6% 11.20%
2016 -4.0% -6.7% -1.2% 88.52%
2015 -0.8% -2.0% 2.9% 79.51%
2014 12.4% 3.6% 83.0% 10.17%

Total Return Ranking - Trailing

Period NHMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% 0.8% 4.1% 8.66%
1 Yr 2.1% -0.8% 6.0% 32.80%
3 Yr -0.1%* -1.9% 3.5% 41.80%
5 Yr 1.2%* -0.3% 13.1% 51.24%
10 Yr 3.2%* 0.9% 7.6% 21.25%

* Annualized

Total Return Ranking - Calendar

Period NHMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.4% -3.7% 4.2% 94.40%
2017 6.1% 0.0% 9.8% 15.20%
2016 -3.9% -4.6% 0.8% 88.52%
2015 -0.8% -2.0% 5.3% 80.33%
2014 12.5% 3.6% 83.0% 14.41%

NAV & Total Return History

NHMAX - Holdings

Concentration Analysis

NHMAX Category Low Category High NHMAX % Rank
Net Assets 18.4 B 46.2 M 18.4 B 1.57%
Number of Holdings 3288 42 3288 1.57%
Net Assets in Top 10 2.07 B 4.84 M 2.07 B 1.57%
Weighting of Top 10 11.26% 4.3% 39.1% 55.91%

Top 10 Holdings

  1. PUBLIC FIN AUTH WIS LTD OBLIG PILOT REV 7% 1.90%
  2. FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 5.62% 1.70%
  3. CHICAGO ILL BRD ED 7% 1.68%
  4. IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 4.75% 1.03%
  5. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0% 1.01%
  6. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5.3% 0.86%
  7. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25% 0.81%
  8. CHICAGO ILL 6% 0.80%
  9. NEW YORK LIBERTY DEV CORP LIBERTY REV 5% 0.78%
  10. NEW YORK LIBERTY DEV CORP LIBERTY REV 7.25% 0.70%

Asset Allocation

Weighting Return Low Return High NHMAX % Rank
Bonds 		97.11% 81.91% 105.03% 79.53%
Other 		1.29% 0.00% 1.29% 1.57%
Cash 		1.08% -5.03% 18.09% 35.43%
Stocks 		0.53% 0.00% 0.53% 1.57%
Preferred Stocks 		0.00% 0.00% 0.39% 22.83%
Convertible Bonds 		0.00% 0.00% 0.00% 20.47%

Stock Sector Breakdown

Weighting Return Low Return High NHMAX % Rank
Industrials 		0.52% 0.00% 0.52% 5.26%
Utilities 		0.00% 0.00% 0.00% 18.42%
Technology 		0.00% 0.00% 0.00% 18.42%
Real Estate 		0.00% 0.00% 0.00% 18.42%
Healthcare 		0.00% 0.00% 0.00% 18.42%
Financial Services 		0.00% 0.00% 0.00% 18.42%
Energy 		0.00% 0.00% 0.72% 23.68%
Communication Services 		0.00% 0.00% 0.00% 18.42%
Consumer Defense 		0.00% 0.00% 0.00% 18.42%
Consumer Cyclical 		0.00% 0.00% 0.00% 18.42%
Basic Materials 		0.00% 0.00% 0.00% 18.42%

Stock Geographic Breakdown

Weighting Return Low Return High NHMAX % Rank
US 		0.53% 0.00% 0.53% 1.57%
Non US 		0.00% 0.00% 0.00% 20.47%

Bond Sector Breakdown

Weighting Return Low Return High NHMAX % Rank
Municipal 		96.53% 91.17% 103.16% 77.95%
Cash & Equivalents 		1.36% -4.46% 18.09% 32.28%
Corporate 		0.23% 0.00% 2.59% 15.75%
Derivative 		0.06% -0.14% 0.06% 1.57%
Securitized 		0.00% 0.00% 0.02% 22.83%
Government 		0.00% -10.34% 6.54% 21.26%

Bond Geographic Breakdown

Weighting Return Low Return High NHMAX % Rank
US 		94.20% 77.16% 103.15% 63.78%
Non US 		2.91% 0.00% 12.84% 44.88%

NHMAX - Expenses

Operational Fees

NHMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.27% 1.85% 46.46%
Management Fee 0.49% 0.26% 0.75% 34.65%
12b-1 Fee 0.20% 0.00% 1.00% 22.92%
Administrative Fee N/A 0.01% 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% 4.75% 48.65%
Deferred Load N/A 0.60% 5.50% N/A

Trading Fees

NHMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 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.

NHMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 3.00% 119.00% 22.83%

NHMAX - Distributions

Dividend Yield Analysis

NHMAX Category Low Category High NHMAX % Rank
Dividend Yield 0.05% 0.01% 0.36% 35.43%

Dividend Distribution Analysis

NHMAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History

View More History

Net Income Ratio Analysis

NHMAX Category Low Category High NHMAX % Rank
Net Income Ratio 5.14% 1.39% 5.43% 6.30%

Capital Gain Distribution Analysis

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

NHMAX - Managers

Tenure Analysis

Category Low

0.09

Category High

30.27

Category Average

8.37

Category Mode

6.16

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