Nuveen High Yield Municipal Bond Fund Class I (NHMRX)
| Fund Assets | 12.59B |
| Expense Ratio | 1.91% |
| Min. Investment | $100,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.80 |
| Dividend Yield | 5.58% |
| Dividend Growth | 2.54% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 14.39 |
| YTD Return | 1.25% |
| 1-Year Return | 2.98% |
| 5-Year Return | 3.60% |
| 52-Week Low | 12.97 |
| 52-Week High | 14.41 |
| Beta (5Y) | 0.49 |
| Holdings | 2877 |
| Inception Date | Jun 7, 1999 |
About NHMRX
Nuveen High Yield Municipal Bond Fund Class I is a mutual fund designed to provide investors with a high level of income that is generally exempt from regular federal income taxes. The fund primarily invests in non-investment-grade and unrated municipal bonds, focusing on securities with a weighted average maturity exceeding 10 years. Its strategy targets perceived inefficiencies in the municipal bond market, aiming to uncover value through rigorous credit analysis and active portfolio management. The fund frequently employs leverage, notably through tender option bond transactions, to enhance yield potential. With a portfolio that includes over 3,000 municipal securities, Nuveen High Yield Municipal Bond Fund Class I maintains significant allocations to lower-quality, long-term municipal bonds. It holds a diversified profile, but the fund’s approach is considered aggressive within the high-yield muni category, resulting in higher risk and volatility compared to more conservative municipal bond funds. It typically distributes income monthly and seeks to maintain competitive yields, making it relevant for investors focused on maximizing tax-exempt income. The fund is managed by an experienced team and is well-capitalized, positioning it as a significant player in the high-yield municipal bond market.
Performance
NHMRX had a total return of 2.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.42%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.0675 | Mar 2, 2026 |
| Jan 30, 2026 | $0.0675 | Feb 2, 2026 |
| Dec 31, 2025 | $0.0675 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0675 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0675 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0675 | Oct 1, 2025 |