Nuveen High Yield Municipal Bond A
- NHMAX
- Price as of: Jan 20, 2021
-
$17.81
N/A N/A
- Primary Theme
- High Yield Municipal Bond
- Fund Company
- Nuveen
- Share Class
NHMAX - Snapshot
Vitals
- YTD Return 1.1%
- 3 Yr Annualized Return 5.5%
- 5 Yr Annualized Return 5.8%
- Net Assets $20 B
- Holdings in Top 10 13.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.19%
SALES FEES
- Front Load 4.20%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 21.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $3,000
- IRA N/A
Fund Classification
-
Primary Theme
High Yield Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style High Yield Muni
NHMAX - Profile
Distributions
- YTD Total Return 1.1%
- 3 Yr Annualized Total Return 4.0%
- 5 Yr Annualized Total Return 4.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.70%
- 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 | 1.1% | -0.6% | 1.5% | 10.65% |
1 Yr | 3.0% | -7.3% | 8.0% | 72.35% |
3 Yr | 5.5%* | 2.1% | 9.9% | 26.44% |
5 Yr | 5.8%* | 2.5% | 8.4% | 12.00% |
10 Yr | 7.9%* | 3.8% | 9.4% | 8.05% |
* Annualized
Return Ranking - Calendar
Period | NHMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -2.0% | -10.1% | 4.2% | 87.14% |
2019 | 6.6% | -0.7% | 11.7% | 16.59% |
2018 | -3.4% | -5.7% | 95.6% | 84.29% |
2017 | 6.1% | -0.7% | 8.6% | 11.76% |
2016 | -4.0% | -6.7% | -0.8% | 82.10% |
Total Return Ranking - Trailing
Period | NHMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.1% | -0.6% | 1.4% | 10.65% |
1 Yr | -1.3% | -7.3% | 8.0% | 93.55% |
3 Yr | 4.0%* | 1.8% | 9.9% | 64.90% |
5 Yr | 4.9%* | 2.2% | 8.4% | 33.50% |
10 Yr | 7.4%* | 3.8% | 9.4% | 13.42% |
* Annualized
Total Return Ranking - Calendar
Period | NHMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -2.0% | -10.1% | 4.2% | 87.14% |
2019 | 6.6% | -0.7% | 12.0% | 16.59% |
2018 | -3.4% | -5.7% | 4.2% | 87.43% |
2017 | 6.1% | -0.7% | 9.8% | 15.29% |
2016 | -3.9% | -6.1% | 1.1% | 84.57% |
NAV & Total Return History
NHMAX - Holdings
Concentration Analysis
NHMAX | Category Low | Category High | NHMAX % Rank | |
---|---|---|---|---|
Net Assets | 20 B | 501 K | 20 B | 0.93% |
Number of Holdings | 3489 | 5 | 3489 | 0.92% |
Net Assets in Top 10 | 2.69 B | -38.2 M | 2.69 B | 0.92% |
Weighting of Top 10 | 13.65% | 4.1% | 99.9% | 43.72% |
Top 10 Holdings
- Energy HBR Corp 2.53%
- FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5% 2.23%
- CHICAGO ILL BRD ED 7% 1.55%
- PUBLIC FIN AUTH WIS LTD OBLIG PILOT REV 7% 1.40%
- GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0% 1.34%
- FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 7.38% 1.04%
- PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% 0.99%
- BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 0.96%
- IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 4.75% 0.81%
- BUCKEYE OHIO TOB SETTLEMENT FING AUTH 0% 0.79%
Asset Allocation
Weighting | Return Low | Return High | NHMAX % Rank | |
---|---|---|---|---|
Bonds | 95.33% | 57.58% | 143.82% | 86.18% |
Stocks | 2.77% | 0.00% | 3.17% | 3.23% |
Cash | 1.88% | -0.55% | 40.03% | 36.41% |
Other | 0.01% | 0.00% | 1.72% | 13.82% |
Preferred Stocks | 0.00% | -43.98% | 0.00% | 19.35% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 20.28% |
Stock Sector Breakdown
Weighting | Return Low | Return High | NHMAX % Rank | |
---|---|---|---|---|
Industrials | 98.39% | 0.00% | 100.00% | 30.43% |
Consumer Cyclical | 1.32% | 0.00% | 73.96% | 43.48% |
Basic Materials | 0.30% | 0.00% | 100.00% | 47.83% |
Utilities | 0.00% | 0.00% | 0.00% | 21.74% |
Technology | 0.00% | 0.00% | 0.00% | 21.74% |
Real Estate | 0.00% | 0.00% | 0.00% | 21.74% |
Healthcare | 0.00% | 0.00% | 0.00% | 21.74% |
Financial Services | 0.00% | 0.00% | 0.00% | 21.74% |
Energy | 0.00% | 0.00% | 0.00% | 21.74% |
Communication Services | 0.00% | 0.00% | 0.00% | 21.74% |
Consumer Defense | 0.00% | 0.00% | 0.00% | 21.74% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | NHMAX % Rank | |
---|---|---|---|---|
US | 2.77% | 0.00% | 3.17% | 3.23% |
Non US | 0.00% | 0.00% | 0.00% | 20.28% |
Bond Sector Breakdown
Weighting | Return Low | Return High | NHMAX % Rank | |
---|---|---|---|---|
Municipal | 96.65% | 58.99% | 100.00% | 82.95% |
Cash & Equivalents | 1.94% | 0.00% | 41.01% | 37.33% |
Corporate | 1.41% | 0.00% | 12.53% | 1.84% |
Derivative | 0.00% | 0.00% | 0.23% | 23.04% |
Securitized | 0.00% | 0.00% | 17.71% | 20.28% |
Government | 0.00% | 0.00% | 0.83% | 24.42% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | NHMAX % Rank | |
---|---|---|---|---|
US | 89.44% | 57.58% | 136.78% | 77.88% |
Non US | 5.89% | 0.00% | 12.73% | 44.70% |
NHMAX - Expenses
Operational Fees
NHMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.19% | 0.18% | 7.04% | 32.87% |
Management Fee | 0.47% | 0.00% | 1.60% | 30.88% |
12b-1 Fee | 0.20% | 0.00% | 1.00% | 26.05% |
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% | 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% | 2.00% | 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 | 21.00% | 5.10% | 314.00% | 29.63% |
NHMAX - Distributions
Dividend Yield Analysis
NHMAX | Category Low | Category High | NHMAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 2.36% | 23.04% |
Dividend Distribution Analysis
NHMAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
NHMAX | Category Low | Category High | NHMAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.70% | -0.98% | 6.28% | 5.09% |
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
20.01
20.0%
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 |
---|---|---|---|
0.16 | 22.77 | 7.13 | 1.11 |