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Nuveen High Yield Municipal Bond Fund Class R6 (NH...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US67065Q5586

CUSIP

67065Q558

Issuer

Nuveen

Inception Date

Jun 30, 2016

Min. Investment

$1,000,000

Asset Class

Bond

Expense Ratio

NHMFX has an expense ratio of 0.69%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
NHMFX vs. JEPI NHMFX vs. VWAHX
Popular comparisons:

Performance

Performance Chart


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S&P 500

Returns By Period

Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) returned -3.47% year-to-date (YTD) and -1.67% over the past 12 months.


NHMFX

YTD

-3.47%

1M

1.34%

6M

-3.84%

1Y

-1.67%

3Y*

2.34%

5Y*

2.41%

10Y*

N/A

^GSPC (Benchmark)

YTD

-0.63%

1M

13.31%

6M

-1.23%

1Y

9.83%

3Y*

14.42%

5Y*

14.61%

10Y*

10.64%

*Annualized

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.45%1.53%-2.50%-1.74%-1.20%-3.47%
20240.52%1.19%0.20%-1.06%1.81%2.86%0.63%0.76%-1.00%-1.61%2.75%-1.81%5.23%
20234.56%-3.60%2.29%0.40%-0.65%0.01%0.21%-2.00%-4.57%-3.36%9.56%3.09%5.21%
2022-2.80%-0.94%-3.56%-4.65%2.49%-5.95%6.12%-2.76%-7.87%-1.87%7.74%-0.79%-14.89%
20212.29%-0.81%1.15%1.70%1.62%1.55%0.72%-0.16%-0.64%0.05%1.98%0.11%9.95%
20202.75%2.63%-13.25%-2.98%4.61%4.12%0.73%-0.15%0.44%-0.33%3.37%2.69%3.33%
20190.93%1.22%2.44%0.96%1.74%0.47%0.87%2.10%-0.47%0.20%0.53%0.59%12.18%
2018-0.94%-0.60%0.81%0.10%1.80%0.27%0.62%0.45%-0.42%-1.59%0.64%0.94%2.06%
20170.85%1.45%0.72%1.02%2.08%0.12%1.00%1.56%0.33%0.50%0.44%1.48%12.17%
20160.39%0.56%-0.28%-1.40%-5.94%1.03%-5.67%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of NHMFX is 8, meaning it’s performing worse than 92% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of NHMFX is 88
Overall Rank
The Sharpe Ratio Rank of NHMFX is 1010
Sharpe Ratio Rank
The Sortino Ratio Rank of NHMFX is 77
Sortino Ratio Rank
The Omega Ratio Rank of NHMFX is 77
Omega Ratio Rank
The Calmar Ratio Rank of NHMFX is 88
Calmar Ratio Rank
The Martin Ratio Rank of NHMFX is 66
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Nuveen High Yield Municipal Bond Fund Class R6 Sharpe ratios as of May 22, 2025 (values are recalculated daily):

  • 1-Year: -0.20
  • 5-Year: 0.36
  • All Time: 0.37

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Nuveen High Yield Municipal Bond Fund Class R6 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

Nuveen High Yield Municipal Bond Fund Class R6 provided a 5.65% dividend yield over the last twelve months, with an annual payout of $0.79 per share.


3.00%3.50%4.00%4.50%5.00%5.50%$0.00$0.20$0.40$0.60$0.80$1.00201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM202420232022202120202019201820172016
Dividend$0.79$0.79$0.83$0.85$0.87$0.89$0.90$0.92$0.94$0.49

Dividend yield

5.65%5.35%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.07$0.07$0.07$0.07$0.00$0.26
2024$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.79
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. Drawdowns are calculated considering price movements and all distributions paid, if any.


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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 9.10%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-22.25%Mar 2, 202016Mar 23, 2020216Jan 29, 2021232
-21.55%Jan 4, 2022204Oct 25, 2022
-8.31%Sep 8, 201660Dec 1, 2016156Jul 18, 2017216
-2.42%Sep 4, 201845Nov 5, 201858Jan 31, 2019103
-2.36%Feb 17, 20217Feb 25, 202133Apr 14, 202140

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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