NHMRX: Nuveen High Yield Municipal Bond Fund - MutualFunds.com

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Nuveen High Yield Municipal Bond I

NHMRX - Snapshot

Vitals

  • YTD Return -6.6%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 5.4%
  • Net Assets $18.8 B
  • Holdings in Top 10 13.0%

52 WEEK LOW AND HIGH

$16.81
$14.63
$18.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.99%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Compare NHMRX to Popular High Yield Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$16.81

0.00%

$18.84 B

5.32%

$0.89

-6.56%

0.99%

$9.80

0.00%

$9.68 B

4.56%

$0.45

-4.85%

1.13%

$10.01

0.00%

$8.81 B

3.84%

$0.38

-2.72%

0.57%

$12.72

0.00%

$8.16 B

3.62%

$0.46

-2.00%

0.88%

$16.12

0.00%

$7.63 B

3.48%

$0.56

-1.95%

0.68%

NHMRX - Profile

Distributions

  • YTD Total Return -6.6%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.90%
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
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John 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.


NHMRX - Performance

Return Ranking - Trailing

Period NHMRX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.6% -11.3% 2.1% 96.70%
1 Yr -1.2% -8.2% 5.7% 88.37%
3 Yr 4.5%* 1.6% 7.8% 25.48%
5 Yr 5.4%* 2.2% 7.9% 14.07%
10 Yr 6.6%* 3.1% 7.7% 6.71%

* Annualized

Return Ranking - Calendar

Period NHMRX Return Category Return Low Category Return High Rank in Category (%)
2019 6.6% -0.7% 11.7% 18.84%
2018 -3.3% -5.7% 95.6% 80.31%
2017 6.1% -0.7% 8.6% 12.28%
2016 -4.0% -6.7% -0.8% 82.82%
2015 -0.8% -4.0% 2.9% 73.61%

Total Return Ranking - Trailing

Period NHMRX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.6% -11.3% 2.1% 96.70%
1 Yr -1.2% -8.2% 5.7% 65.12%
3 Yr 4.5%* 1.3% 7.8% 21.63%
5 Yr 5.4%* 2.0% 7.9% 13.07%
10 Yr 6.6%* 3.1% 7.7% 5.37%

* Annualized

Total Return Ranking - Calendar

Period NHMRX Return Category Return Low Category Return High Rank in Category (%)
2019 6.6% -0.7% 12.0% 19.81%
2018 -3.3% -5.7% 4.2% 83.42%
2017 6.1% -0.7% 9.8% 15.79%
2016 -3.9% -6.1% 1.1% 85.28%
2015 -0.8% -4.0% 5.3% 74.31%

NAV & Total Return History


NHMRX - Holdings

Concentration Analysis

NHMRX Category Low Category High NHMRX % Rank
Net Assets 18.8 B 582 K 18.8 B 1.84%
Number of Holdings 3503 3 3503 1.84%
Net Assets in Top 10 2.43 B -37.3 M 2.43 B 1.84%
Weighting of Top 10 13.02% 4.8% 99.9% 53.74%

Top 10 Holdings

  1. FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5% 2.57%
  2. Energy HBR Corp 2.00%
  3. CHICAGO ILL BRD ED 7% 1.64%
  4. PUBLIC FIN AUTH WIS LTD OBLIG PILOT REV 7% 1.44%
  5. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0% 1.35%
  6. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 1.15%
  7. IOWA FIN AUTH MIDWESTERN DISASTER AREA REV 4.75% 0.85%
  8. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 0% 0.73%
  9. Cleveland-Cliffs Inc 9.88% 0.66%
  10. NEW YORK LIBERTY DEV CORP LIBERTY REV 7.25% 0.64%

Asset Allocation

Weighting Return Low Return High NHMRX % Rank
Bonds
96.63% 0.00% 145.58% 78.44%
Stocks
2.22% 0.00% 2.62% 4.13%
Cash
1.15% -1.38% 100.00% 47.93%
Preferred Stocks
0.00% -46.20% 0.00% 74.19%
Other
0.00% -1.80% 2.00% 75.12%
Convertible Bonds
0.00% 0.00% 0.00% 76.04%

Stock Sector Breakdown

Weighting Return Low Return High NHMRX % Rank
Industrials
98.39% 0.00% 100.00% 33.33%
Consumer Cyclical
1.32% 0.00% 72.13% 44.44%
Basic Materials
0.30% 0.00% 100.00% 51.85%
Utilities
0.00% 0.00% 0.00% 74.07%
Technology
0.00% 0.00% 0.00% 74.07%
Real Estate
0.00% 0.00% 0.00% 74.07%
Healthcare
0.00% 0.00% 0.00% 74.07%
Financial Services
0.00% 0.00% 0.00% 74.07%
Energy
0.00% 0.00% 100.00% 74.07%
Communication Services
0.00% 0.00% 0.00% 74.07%
Consumer Defense
0.00% 0.00% 0.00% 74.07%

Stock Geographic Breakdown

Weighting Return Low Return High NHMRX % Rank
US
2.22% 0.00% 2.62% 4.15%
Non US
0.00% 0.00% 0.00% 76.04%

Bond Sector Breakdown

Weighting Return Low Return High NHMRX % Rank
Municipal
97.52% 0.00% 100.00% 61.29%
Corporate
1.30% 0.00% 9.75% 3.69%
Cash & Equivalents
1.18% 0.00% 100.00% 46.54%
Derivative
0.01% 0.00% 0.25% 4.61%
Securitized
0.00% 0.00% 0.00% 76.04%
Government
0.00% 0.00% 0.83% 78.80%

Bond Geographic Breakdown

Weighting Return Low Return High NHMRX % Rank
US
90.96% 0.00% 138.90% 64.98%
Non US
5.67% 0.00% 13.46% 44.70%

NHMRX - Expenses

Operational Fees

NHMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.99% 0.18% 7.04% 42.99%
Management Fee 0.47% 0.00% 1.60% 33.94%
12b-1 Fee 0.00% 0.00% 1.00% 14.29%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

NHMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

NHMRX 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.

NHMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 2.00% 314.00% 38.71%

NHMRX - Distributions

Dividend Yield Analysis

NHMRX Category Low Category High NHMRX % Rank
Dividend Yield 0.00% 0.00% 3.44% 76.61%

Dividend Distribution Analysis

NHMRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

NHMRX Category Low Category High NHMRX % Rank
Net Income Ratio 4.90% -0.98% 5.67% 3.26%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

NHMRX - Fund Manager Analysis

Managers

John Miller


Start Date

Tenure

Tenure Rank

Dec 31, 2000

19.76

19.8%

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
0.07 28.77 7.26 0.86