Nuveen Enhanced High Yield Municipal Bond Fund - Nuveen Enhanced High Yield Muni Bnd Fd USD Cls I
Name
As of 09/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NMSSX | Fund
$7.86
-
5.67%
$0.44
2.05%
Vitals
YTD Return
11.6%
1 yr return
16.6%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$N/A
Holdings in Top 10
23.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.05%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 88.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 09/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NMSSX | Fund
$7.86
-
5.67%
$0.44
2.05%
NMSSX - Profile
Distributions
- YTD Total Return 11.6%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.18%
- Dividend Yield 5.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameNuveen Enhanced High Yield Municipal Bond Fund - Nuveen Enhanced High Yield Muni Bnd Fd USD Cls I
-
Fund Family NameNuveen
-
Inception DateFeb 28, 2022
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerSteven Hlavin
Fund Description
NMSSX - Performance
Return Ranking - Trailing
Period | NMSSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.6% | -0.7% | 10.9% | 0.48% |
1 Yr | 16.6% | 0.6% | 15.7% | 0.48% |
3 Yr | N/A* | -8.8% | 2.5% | N/A |
5 Yr | N/A* | -5.2% | 526.2% | N/A |
10 Yr | N/A* | -0.1% | 155.8% | N/A |
* Annualized
Return Ranking - Calendar
Period | NMSSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.7% | -6.2% | 7.5% | 59.42% |
2022 | N/A | -26.9% | -3.5% | N/A |
2021 | N/A | -1.9% | 5.6% | N/A |
2020 | N/A | -10.1% | 4.2% | N/A |
2019 | N/A | -0.7% | 9.1% | N/A |
Total Return Ranking - Trailing
Period | NMSSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.6% | -0.7% | 10.9% | 0.48% |
1 Yr | 16.6% | 0.6% | 15.7% | 0.48% |
3 Yr | N/A* | -8.8% | 2.5% | N/A |
5 Yr | N/A* | -5.2% | 526.2% | N/A |
10 Yr | N/A* | -0.1% | 155.8% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | NMSSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.8% | -4.1% | 10.9% | 2.90% |
2022 | N/A | -26.9% | 4.3% | N/A |
2021 | N/A | -1.9% | 10.0% | N/A |
2020 | N/A | -4.1% | 8.2% | N/A |
2019 | N/A | -0.7% | 1028633.9% | N/A |
NAV & Total Return History
NMSSX - Holdings
Concentration Analysis
NMSSX | Category Low | Category High | NMSSX % Rank | |
---|---|---|---|---|
Net Assets | N/A | 9.79 K | 16.5 B | N/A |
Number of Holdings | 196 | 1 | 3161 | 78.43% |
Net Assets in Top 10 | 19.9 M | -102 M | 3.51 B | 93.14% |
Weighting of Top 10 | 23.29% | 4.3% | 98.8% | 16.75% |
Top 10 Holdings
- FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 7.375% 3.78%
- PUBLIC FIN AUTH WIS LTD OBLIG PILOT REV 7% 3.07%
- Wild Rivers Waterpark Irvine Spe Llc 8.5% 2.95%
- AURORA HIGHLANDS CMNTY AUTH BRD COLO SPL TAX REV 5.75% 2.85%
- KANSAS CITY MO LD CLEARANCE REDEV AUTH PROJ REV 5% 2.67%
- PUERTO RICO COMWLTH 8% 2.11%
- NEW HOPE CULTURAL ED FACS FIN CORP TEX RETIREMENT FAC REV 2% 1.99%
- PUBLIC FIN AUTH WIS REV 7% 1.81%
- SOUTHERN OHIO PORT AUTH EXEMPT FAC REV 7% 1.70%
- CAPITAL TR AGY FLA REV 0% 1.70%
Asset Allocation
Weighting | Return Low | Return High | NMSSX % Rank | |
---|---|---|---|---|
Bonds | 98.98% | 0.00% | 146.69% | 45.89% |
Cash | 1.02% | -0.64% | 100.00% | 50.98% |
Stocks | 0.00% | 0.00% | 99.62% | 74.40% |
Preferred Stocks | 0.00% | -47.61% | 1.60% | 61.76% |
Other | 0.00% | -5.59% | 4.25% | 62.75% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 60.78% |
Bond Sector Breakdown
Weighting | Return Low | Return High | NMSSX % Rank | |
---|---|---|---|---|
Municipal | 98.50% | 0.00% | 100.00% | 47.55% |
Cash & Equivalents | 1.02% | 0.00% | 100.00% | 27.45% |
Corporate | 0.48% | 0.00% | 2.83% | 29.90% |
Derivative | 0.00% | -7.53% | 2.12% | 58.82% |
Securitized | 0.00% | 0.00% | 22.44% | 63.24% |
Government | 0.00% | 0.00% | 0.09% | 64.22% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | NMSSX % Rank | |
---|---|---|---|---|
US | 89.82% | 0.00% | 139.84% | 93.14% |
Non US | 9.16% | 0.00% | 13.35% | 1.47% |
NMSSX - Expenses
Operational Fees
NMSSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.05% | 0.22% | 3.44% | 4.85% |
Management Fee | 1.33% | 0.00% | 1.41% | 99.52% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.35% | N/A |
Sales Fees
NMSSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
NMSSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
NMSSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 88.00% | 2.00% | 121.00% | 93.68% |
NMSSX - Distributions
Dividend Yield Analysis
NMSSX | Category Low | Category High | NMSSX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.67% | 0.00% | 6.13% | 0.97% |
Dividend Distribution Analysis
NMSSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
NMSSX | Category Low | Category High | NMSSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.18% | 1.11% | 5.70% | 8.70% |
Capital Gain Distribution Analysis
NMSSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 03, 2024 | $0.037 | OrdinaryDividend |
Aug 01, 2024 | $0.037 | OrdinaryDividend |
Jun 03, 2024 | $0.001 | OrdinaryDividend |
May 01, 2024 | $0.037 | OrdinaryDividend |
Apr 01, 2024 | $0.037 | OrdinaryDividend |
Mar 01, 2024 | $0.037 | OrdinaryDividend |
Feb 01, 2024 | $0.037 | OrdinaryDividend |
Dec 29, 2023 | $0.037 | OrdinaryDividend |
Dec 01, 2023 | $0.037 | OrdinaryDividend |
Nov 01, 2023 | $0.037 | OrdinaryDividend |
Oct 02, 2023 | $0.037 | OrdinaryDividend |
Sep 01, 2023 | $0.037 | OrdinaryDividend |
Aug 01, 2023 | $0.037 | OrdinaryDividend |
Jul 03, 2023 | $0.037 | OrdinaryDividend |
Jun 01, 2023 | $0.037 | OrdinaryDividend |
May 01, 2023 | $0.037 | OrdinaryDividend |
Apr 03, 2023 | $0.037 | OrdinaryDividend |
Mar 01, 2023 | $0.037 | OrdinaryDividend |
Feb 01, 2023 | $0.037 | OrdinaryDividend |
Dec 30, 2022 | $0.037 | OrdinaryDividend |
Dec 01, 2022 | $0.037 | OrdinaryDividend |
Nov 01, 2022 | $0.037 | OrdinaryDividend |
Oct 03, 2022 | $0.037 | OrdinaryDividend |
Sep 01, 2022 | $0.037 | OrdinaryDividend |
Aug 01, 2022 | $0.036 | OrdinaryDividend |
Jul 01, 2022 | $0.036 | OrdinaryDividend |
Jun 01, 2022 | $0.036 | OrdinaryDividend |
May 02, 2022 | $0.033 | OrdinaryDividend |
Apr 01, 2022 | $0.033 | OrdinaryDividend |
Mar 01, 2022 | $0.033 | OrdinaryDividend |
Feb 01, 2022 | $0.033 | OrdinaryDividend |
Dec 31, 2021 | $0.031 | OrdinaryDividend |
Dec 01, 2021 | $0.031 | OrdinaryDividend |
Nov 01, 2021 | $0.031 | OrdinaryDividend |
Oct 01, 2021 | $0.031 | OrdinaryDividend |
NMSSX - Fund Manager Analysis
Managers
Steven Hlavin
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
Steven M. Hlavin is Managing Director and Portfolio Manager for Nuveen Asset Management. Prior to his current position, Mr. Hlavin worked as a senior analyst responsible for the risk management and performance reporting process for Nuveen Asset Management. Mr. Hlavin joined an affiliate of Nuveen Asset Management in 2003. Mr. Hlavin earned a BA in finance and accounting and an MBA in finance from Miami University. He has been a speaker at the Leveraging Performance Attribution Analysis for Fixed Income Investments Conference series.
John Miller
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
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 |
---|---|---|---|
0.25 | 21.43 | 7.51 | 2.52 |