Nuveen High Yield Municipal Bond Fund Class C (NHMCX)

17.37
Net Asset Value
-0.12%
1 Day
+1.46%
Year-to-Date
Overall Morningstar Rating
High yield muni
Style or Category
No Load
Sales Expenses
1.40%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks high current income exempt from regular federal income taxes; capital appreciation is a secondary objective. The fund normally invests at least 80% of net assets in municipal bonds that pay interest that is exempt from regular federal personal income tax. Under normal market conditions, it invests at least 65% of its net assets in low-to-medium-quality bonds rated BBB/Baa or lower. The fund may invest up to 15% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates ("inverse floaters").

Performance

1 month+0.51% 3 years+10.24%
3 months+1.79% 5 years+4.24%
1 year+11.88% Since inception+4.73%
Data through --

Peer Comparisonvs. High yield muni

 NHMCXCategory
Performance 5-yr return+4.24%+5.68%
Expense ratio1.40%1.06%
Risk 5 year sharpe ratio0.380.63
Net assets$9.4B$2.0B
Average market cap$6.7B--
Average P/E26.0--
Portfolio turnover16%16%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyNuveen
Fund manager & tenureJohn Miller / 12 Years
Minimal initial investment$3,000.00
Minimum IRA investment--

Holdings

Other100.00%
U.S. stock--
International stock--
Fixed income--
Cash--
Top 5 Sectors
Portfolio weighting
Consumer goods 100.00%
Business service 0.00%
Consumer service 0.00%
Energy 0.00%
Financial service 0.00%
Top 10 Holdings
Portfolio weighting
-- Iowa Fin Auth 4.75%0.95%
-- Tennessee Engy Acquisition C Jr R 5.625%0.91%
-- Buckeye Ohio Tob Settlement Fi To 5.875%0.74%
-- Tobacco Settlement Fing Corp V Asset 5%0.72%
-- Allegheny Cnty Pa Hosp Dev Aut Re 5.375%0.70%
-- Tulsa Okla Mun Arpt Tr Rev Rev Bds 6.25%0.63%
-- Dallas-Fort Worth Tex Intl Arp Re 6.375%0.60%
-- Illinois Fin Auth 6.5%0.55%
-- Buckeye Ohio Tob Settlement Fi Tob 5.75%0.55%
-- Pennsylvania Econ Dev Fing Rev Bds 6%0.53%

To view my watchlist

Not a member yet?

Sign up now for a free account
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.