Nuveen High Yield Municipal Bond Fund Class A (NHMAX)
| Fund Assets | 12.84B |
| Expense Ratio | 2.11% |
| Min. Investment | $3,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.78 |
| Dividend Yield | 5.20% |
| Dividend Growth | 2.91% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 14.28 |
| YTD Return | 0.34% |
| 1-Year Return | 2.22% |
| 5-Year Return | 2.58% |
| 52-Week Low | 13.54 |
| 52-Week High | 14.76 |
| Beta (5Y) | n/a |
| Holdings | 2877 |
| Inception Date | Jun 7, 1999 |
About NHMAX
Nuveen High Yield Municipal Bond Fund Class A is a mutual fund that pursues tax-exempt income through investment in non-investment-grade and unrated municipal bonds with weighted average maturities exceeding ten years. The fund employs an aggressive strategy to generate high current income exempt from regular federal income taxes, with capital appreciation as a secondary objective. To enhance yield potential, the fund's large credit research team seeks undervalued bonds and strategically uses portfolio leverage through tender option bond transactions and inverse floating rate securities. The fund targets municipal bond market inefficiencies to maximize tax-exempt income distribution to investors. This approach carries heightened credit risk and liquidity risk due to concentration in lower-quality, long-term municipal securities, and the significant use of leverage increases exposure to volatility and potential default risk, making it suitable for investors seeking aggressive tax-exempt income strategies.
Performance
NHMAX had a total return of 2.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.43%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.065 | Apr 1, 2026 |
| Feb 27, 2026 | $0.065 | Mar 2, 2026 |
| Jan 30, 2026 | $0.065 | Feb 2, 2026 |
| Dec 31, 2025 | $0.065 | Dec 31, 2025 |
| Nov 28, 2025 | $0.065 | Dec 1, 2025 |
| Oct 31, 2025 | $0.065 | Nov 3, 2025 |