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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

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


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