Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) Alternatives
Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NHMFX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to NHMFX
NHMFX charges 0.69% annually. Among mutual funds in the High Yield Muni category, these options have the lowest expense ratios among NHMFX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | Aug 3, 2014 | NHMFX vs BATEX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | May 9, 2007 | NHMFX vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | Jan 27, 2017 | NHMFX vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.42% | Aug 1, 2008 | NHMFX vs AHMFX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.50% | Jun 14, 2015 | NHMFX vs SDHIX |
Best Risk-Adjusted Alternatives to NHMFX
Among mutual funds in the High Yield Muni category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | 83 | Jun 10, 2018 | NHMFX vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | 70 | Jun 14, 2015 | NHMFX vs SDHIX | |
| T. Rowe Price Tax Free High Yield Fund | 65 | Feb 28, 1985 | NHMFX vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 54 | Sep 29, 2015 | NHMFX vs ISHYX | |
| AB Municipal Income Shares | 43 | Aug 31, 2010 | NHMFX vs MISHX |
Top Performing NHMFX Alternatives (YTD)
NHMFX alternatives from the High Yield Muni category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 3.79% | Nov 19, 2003 | NHMFX vs NMZ | |
| T. Rowe Price Tax Free High Yield Fund | 0.17% | Feb 28, 1985 | NHMFX vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 0.13% | Sep 29, 2015 | NHMFX vs ISHYX | |
| Redwood Managed Municipal Income Fund | 0.01% | Mar 8, 2017 | NHMFX vs RWMIX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.00% | May 9, 2007 | NHMFX vs EWHYX |
Lowest Volatility Alternatives to NHMFX
NHMFX alternatives from the High Yield Muni category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | 2.35% | Jun 10, 2018 | NHMFX vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | 3.46% | Jun 14, 2015 | NHMFX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 3.77% | Jan 31, 2013 | NHMFX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 3.83% | Sep 29, 2015 | NHMFX vs ISHYX | |
| Redwood Managed Municipal Income Fund | 3.89% | Mar 8, 2017 | NHMFX vs RWMIX |
Lowest Drawdown Alternatives to NHMFX
NHMFX alternatives from the High Yield Muni category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | -2.21% | Jun 10, 2018 | NHMFX vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | -3.22% | Jun 14, 2015 | NHMFX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -3.63% | Jan 31, 2013 | NHMFX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -3.79% | Sep 29, 2015 | NHMFX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -3.81% | May 30, 2013 | NHMFX vs AHYMX |
Other Mutual Funds from Nuveen
Most popular Nuveen mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | Large Cap Growth Equities | 71 | -4.39% | Jan 30, 2007 | NHMFX vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 9 | -9.14% | Nov 23, 2005 | NHMFX vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 9 | 0.13% | Jun 26, 2003 | NHMFX vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 23 | -4.17% | Mar 28, 2006 | NHMFX vs NSBRX | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 15 | -0.75% | Jun 6, 1999 | NHMFX vs NHMRX | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 49 | 2.64% | Dec 22, 1987 | NHMFX vs FASEX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 11 | -14.74% | May 15, 2009 | NHMFX vs NVLIX | |
| Nuveen Equity Long/Short Fund | Long-Short | 47 | -4.35% | Dec 29, 2008 | NHMFX vs NELIX | |
| Nuveen Real Estate Securities Fund | REIT | 13 | 2.69% | Jun 30, 1995 | NHMFX vs FARCX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 90 | -1.95% | Dec 18, 2006 | NHMFX vs NPSRX |
Often Compared With NHMFX
What investors most often compare with NHMFX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| JPMorgan Equity Premium Income ETF | Actively Managed, Dividend, Derivative Income | 39 | 0.20% | May 20, 2020 | NHMFX vs JEPI | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | Municipal Bonds | 43 | -0.65% | Dec 27, 1978 | NHMFX vs VWAHX |
Compare NHMFX with Any Fund or Stock
Compare NHMFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.