Nuveen High Yield Municipal Bond Fund Class A (NHMAX)
| Fund Assets | 12.59B |
| Expense Ratio | 2.11% |
| Min. Investment | $3,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.77 |
| Dividend Yield | 5.15% |
| Dividend Growth | 2.65% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 14.38 |
| YTD Return | -3.06% |
| 1-Year Return | -1.85% |
| 5-Year Return | -2.97% |
| 52-Week Low | 13.59 |
| 52-Week High | 15.03 |
| Beta (5Y) | n/a |
| Holdings | 2877 |
| Inception Date | Jun 7, 1999 |
About NHMAX
The Nuveen High Yield Municipal Bond Fund Class A is a mutual fund specializing in providing a high level of monthly income that is generally exempt from regular federal income tax. Its core strategy revolves around investing significantly in **non-investment-grade and unrated municipal bonds**, many with a weighted average maturity exceeding ten years. The fund seeks to identify value in the municipal bond market by exploiting inefficiencies, leveraging the insights of a substantial team of credit analysts. To enhance yield, it may employ leverage, including through tender option bond transactions and investments in inverse floaters. Nuveen High Yield Municipal Bond Fund Class A caters to investors seeking tax-advantaged income, primarily allocating assets to lower-rated, long-term municipal bonds. With over 3,100 holdings and a notable presence in various public infrastructure, education, and development projects across municipalities, the fund plays a notable role in supporting essential local and state initiatives. Its approach is considered aggressive within the municipal bond fund category, resulting in elevated risk and volatility in pursuit of higher yields. The fund has established itself as a significant vehicle in the high-yield municipal bond market, with substantial assets under management and a track record dating back to its inception in 1999.
Performance
NHMAX had a total return of -1.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.21%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Sep 30, 2025 | $0.065 | Oct 1, 2025 |