Morningstar

Nuveen High Yield Municipal Bond Fund Class I NHMRX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $13.52  /  +0.75 %
  • Fund Size $11.4B
  • Adjusted Expense Ratio 0.560%
  • Net Expense Ratio 1.700%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category High Yield Muni
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $100,000
  • Investment Status Open
  • TTM Yield 6.19%
  • Average Effective Duration 14.47 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis NHMRX

Will NHMRX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NHMRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NHMRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NHMRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An aggressive high-yield muni option.

Associate Director Tom Murphy

Tom Murphy

Associate Director

Summary

Nuveen High Yield Municipal Bond draws on extensive muni resources, but team changes and a process that takes more risks than nearly all high-yield muni Morningstar Category peers temper the strategy’s appeal.

by Tom Murphy
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Portfolio Holdings NHMRX

More NHMRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Receivable For Sale Of Vistra Vision Class B Units

2.94 320M
Cash and Equivalents

PUBLIC FIN AUTH WIS LTD OBLIG PILOT REV 7%

1.66 181M
municipal

Fixed Income Clearing Corp Repo

1.39 152M
Cash and Equivalents

NEW HOPE CULTURAL ED FACS FIN CORP STUDENT HSG REV 5%

1.14 124M
municipal

AURORA HIGHLANDS CMNTY AUTH BRD COLO SPL TAX REV 5.75%

1.12 123M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

0.87 95M
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 7.25%

0.82 90M
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

0.77 84M
municipal

PUERTO RICO ELEC PWR AUTH PWR REV 6.13%

0.70 77M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

0.70 77M
municipal

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