Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX)
The main goal of this investment is to provide high current income that is exempt from federal income taxes, while capital appreciation is a secondary concern. To achieve this, the fund normally invests at least 80% of its net assets and any borrowing used for investment purposes in municipal bonds that pay tax-exempt interest. It also invests significantly in lower-quality long-term municipal bonds and may use inverse floaters to leverage its investments effectively.
Fund Info
| ISIN | US67065Q5586 |
|---|---|
| CUSIP | 67065Q558 |
| Issuer | Nuveen |
| Inception Date | Jun 30, 2016 |
| Category | High Yield Muni |
| Min. Investment | $1,000,000 |
| Home Page | www.nuveen.com |
| Asset Class | Bond |
Expense Ratio
NHMFX has a high expense ratio of 0.69%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: NHMFX vs. JEPI
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nuveen High Yield Municipal Bond Fund Class R6, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Nuveen High Yield Municipal Bond Fund Class R6 had a return of 3.51% year-to-date (YTD) and 4.91% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.51% | 10.00% |
| 1 month | 2.21% | 2.41% |
| 6 months | 11.05% | 16.70% |
| 1 year | 4.91% | 26.85% |
| 5 years (annualized) | 2.01% | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of NHMFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.52% | 1.19% | 0.20% | -1.06% | 3.51% | ||||||||
| 2023 | 4.56% | -3.60% | 2.29% | 0.40% | -0.65% | 0.01% | 0.21% | -2.01% | -4.57% | -3.36% | 9.56% | 3.09% | 5.18% |
| 2022 | -2.81% | -0.94% | -3.56% | -4.65% | 2.49% | -5.95% | 6.11% | -2.76% | -7.87% | -1.86% | 7.74% | -0.79% | -14.91% |
| 2021 | 2.29% | -0.81% | 1.15% | 1.70% | 1.62% | 1.55% | 0.72% | -0.15% | -0.64% | 0.05% | 1.98% | 0.11% | 9.94% |
| 2020 | 2.75% | 2.63% | -13.25% | -2.98% | 4.61% | 4.12% | 0.73% | -0.15% | 0.44% | -0.33% | 3.36% | 2.69% | 3.30% |
| 2019 | 0.93% | 1.22% | 2.44% | 0.96% | 1.74% | 0.47% | 0.87% | 2.10% | -0.47% | 0.19% | 0.53% | 0.58% | 12.15% |
| 2018 | -0.94% | -0.60% | 0.80% | 0.10% | 1.80% | 0.27% | 0.62% | 0.45% | -0.42% | -1.59% | 0.64% | 0.93% | 2.03% |
| 2017 | 0.85% | 1.46% | 0.72% | 1.02% | 2.08% | 0.12% | 1.00% | 1.56% | 0.33% | 0.50% | 0.44% | 1.48% | 12.17% |
| 2016 | 0.39% | 0.56% | -0.28% | -1.40% | -5.94% | 1.03% | -5.68% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NHMFX is 17, indicating that it is in the bottom 17% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
NHMFX (Nuveen High Yield Municipal Bond Fund Class R6)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuveen High Yield Municipal Bond Fund Class R6 granted a 5.37% dividend yield in the last twelve months. The annual payout for that period amounted to $0.81 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.83 | $0.85 | $0.87 | $0.89 | $0.90 | $0.92 | $0.94 | $0.49 |
Dividend yield | 5.37% | 5.58% | 5.66% | 4.71% | 5.02% | 5.00% | 5.44% | 5.38% | 2.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen High Yield Municipal Bond Fund Class R6. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.07 | $0.07 | $0.07 | $0.07 | $0.00 | $0.26 | |||||||
| 2023 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.83 |
| 2022 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.85 |
| 2021 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.87 |
| 2020 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.89 |
| 2019 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.90 |
| 2018 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.92 |
| 2017 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.94 |
| 2016 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.49 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Nuveen High Yield Municipal Bond Fund Class R6. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nuveen High Yield Municipal Bond Fund Class R6 was 22.25%, occurring on Mar 23, 2020. Recovery took 216 trading sessions.
The current Nuveen High Yield Municipal Bond Fund Class R6 drawdown is 7.41%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.25% | Mar 2, 2020 | 16 | Mar 23, 2020 | 216 | Jan 29, 2021 | 232 |
| -21.57% | Jan 4, 2022 | 204 | Oct 25, 2022 | — | — | — |
| -8.31% | Sep 2, 2016 | 63 | Dec 1, 2016 | 156 | Jul 18, 2017 | 219 |
| -2.42% | Sep 4, 2018 | 55 | Nov 19, 2018 | 48 | Jan 31, 2019 | 103 |
| -2.36% | Feb 17, 2021 | 7 | Feb 25, 2021 | 33 | Apr 14, 2021 | 40 |
Volatility
Volatility Chart
The current Nuveen High Yield Municipal Bond Fund Class R6 volatility is 1.42%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.