Nuveen High Yield Municipal Bond Fund (NHMRX)
The investment seeks high current income exempt from regular federal income taxes; capital appreciation is a secondary objective. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal personal income tax. It invests significantly in lower-quality long-term municipal bonds and may employ effective leverage through investments in inverse floaters.
Fund Info
| ISIN | US67065Q7723 |
|---|---|
| Issuer | Nuveen |
| Inception Date | Jun 6, 1999 |
| Category | High Yield Muni |
| Min. Investment | $100,000 |
| Asset Class | Bond |
Expense Ratio
NHMRX has a high expense ratio of 0.52%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: NHMRX vs. JEPI, NHMRX vs. HYD, NHMRX vs. BTT
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nuveen High Yield Municipal Bond Fund, 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 had a return of 3.30% year-to-date (YTD) and 4.72% in the last 12 months. Over the past 10 years, Nuveen High Yield Municipal Bond Fund had an annualized return of 4.42%, while the S&P 500 had an annualized return of 10.79%, indicating that Nuveen High Yield Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.30% | 9.47% |
| 1 month | 2.08% | 1.91% |
| 6 months | 12.17% | 18.36% |
| 1 year | 4.72% | 26.61% |
| 5 years (annualized) | 1.98% | 12.90% |
| 10 years (annualized) | 4.42% | 10.79% |
Monthly Returns
The table below presents the monthly returns of NHMRX, 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 | 0.45% | 1.19% | 0.20% | -1.00% | 3.30% | ||||||||
| 2023 | 4.63% | -3.61% | 2.29% | 0.40% | -0.66% | 0.07% | 0.20% | -2.08% | -4.58% | -3.37% | 9.64% | 3.08% | 5.29% |
| 2022 | -2.87% | -0.89% | -3.57% | -4.60% | 2.42% | -5.96% | 6.12% | -2.77% | -7.82% | -1.87% | 7.75% | -0.86% | -14.96% |
| 2021 | 2.29% | -0.87% | 1.21% | 1.70% | 1.62% | 1.49% | 0.78% | -0.16% | -0.65% | 0.05% | 1.98% | 0.11% | 9.92% |
| 2020 | 2.74% | 2.57% | -13.27% | -2.93% | 4.61% | 4.12% | 0.67% | -0.15% | 0.44% | -0.33% | 3.37% | 2.69% | 3.22% |
| 2019 | 0.93% | 1.22% | 2.38% | 0.96% | 1.79% | 0.47% | 0.81% | 2.15% | -0.48% | 0.19% | 0.47% | 0.63% | 12.12% |
| 2018 | -0.94% | -0.54% | 0.74% | 0.10% | 1.80% | 0.27% | 0.62% | 0.44% | -0.42% | -1.59% | 0.64% | 0.93% | 2.03% |
| 2017 | 0.85% | 1.46% | 0.78% | 0.96% | 2.08% | 0.12% | 1.00% | 1.56% | 0.33% | 0.44% | 0.50% | 1.43% | 12.11% |
| 2016 | 0.94% | 0.23% | 1.75% | 1.27% | 0.97% | 2.27% | 0.39% | 0.61% | -0.33% | -1.34% | -6.00% | 1.03% | 1.54% |
| 2015 | 1.85% | -0.74% | 0.52% | -0.40% | -0.35% | -0.29% | 0.71% | 0.36% | 0.77% | 0.89% | 0.41% | 1.26% | 5.08% |
| 2014 | 3.86% | 2.29% | 1.07% | 1.81% | 2.76% | 0.56% | 0.14% | 1.57% | 0.67% | 1.36% | 0.59% | 1.24% | 19.39% |
| 2013 | 1.61% | 0.56% | -0.02% | 1.43% | -0.90% | -5.98% | -2.28% | -3.31% | 3.42% | 1.32% | 0.09% | -0.14% | -4.47% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NHMRX is 18, indicating that it is in the bottom 18% 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.
NHMRX (Nuveen High Yield Municipal Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen High Yield Municipal Bond Fund (NHMRX) 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 granted a 5.34% dividend yield in the last twelve months. The annual payout for that period amounted to $0.80 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.80 | $0.82 | $0.84 | $0.86 | $0.88 | $0.89 | $0.92 | $0.94 | $0.97 | $0.97 | $1.00 | $1.03 |
Dividend yield | 5.34% | 5.54% | 5.64% | 4.68% | 5.00% | 4.97% | 5.44% | 5.38% | 5.88% | 5.68% | 5.79% | 6.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen High Yield Municipal Bond Fund. 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 | $0.82 |
| 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 | $0.84 |
| 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 | $0.86 |
| 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 | $0.88 |
| 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 | $0.89 |
| 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 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.97 |
| 2015 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.97 |
| 2014 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $1.00 |
| 2013 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.11 | $1.03 |
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. 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 was 45.46%, occurring on Dec 17, 2008. Recovery took 847 trading sessions.
The current Nuveen High Yield Municipal Bond Fund drawdown is 7.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -45.46% | May 9, 2007 | 406 | Dec 17, 2008 | 847 | Apr 30, 2012 | 1253 |
| -22.22% | Mar 2, 2020 | 16 | Mar 23, 2020 | 216 | Jan 29, 2021 | 232 |
| -21.52% | Jan 4, 2022 | 204 | Oct 25, 2022 | — | — | — |
| -12.65% | May 3, 2013 | 83 | Aug 29, 2013 | 164 | Apr 25, 2014 | 247 |
| -8.36% | Sep 2, 2016 | 63 | Dec 1, 2016 | 157 | Jul 19, 2017 | 220 |
Volatility
Volatility Chart
The current Nuveen High Yield Municipal Bond Fund volatility is 1.51%, 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.