Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX)
The investment seeks to provide high current income exempt from regular federal income taxes; capital appreciation is a secondary objective when consistent with the fund's primary 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. Under normal market conditions, it will generally maintain an investment portfolio with a weighted average effective duration of less than 4.5 years.
Fund Info
| ISIN | US67065Q6998 |
|---|---|
| Issuer | Nuveen |
| Inception Date | Jan 31, 2013 |
| Category | High Yield Muni |
| Min. Investment | $100,000 |
| Asset Class | Bond |
Expense Ratio
NVHIX has a high expense ratio of 0.55%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nuveen Short Duration 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 Short Duration High Yield Municipal Bond Fund had a return of 5.04% year-to-date (YTD) and 6.93% in the last 12 months. Over the past 10 years, Nuveen Short Duration High Yield Municipal Bond Fund had an annualized return of 3.48%, while the S&P 500 had an annualized return of 10.84%, indicating that Nuveen Short Duration High Yield Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.04% | 10.00% |
| 1 month | 1.83% | 2.41% |
| 6 months | 8.61% | 16.70% |
| 1 year | 6.93% | 26.85% |
| 5 years (annualized) | 2.50% | 12.81% |
| 10 years (annualized) | 3.48% | 10.84% |
Monthly Returns
The table below presents the monthly returns of NVHIX, 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 | 0.80% | 1.75% | 0.62% | 0.22% | 5.04% | ||||||||
| 2023 | 2.00% | -1.10% | 0.24% | 0.35% | -0.05% | 0.06% | 0.27% | -0.57% | -1.65% | -1.03% | 3.71% | 1.34% | 3.52% |
| 2022 | -1.62% | -0.62% | -2.07% | -1.92% | 0.97% | -2.96% | 2.90% | -0.42% | -3.69% | -0.55% | 2.80% | 0.12% | -7.05% |
| 2021 | 2.00% | 0.22% | 0.71% | 1.09% | 1.16% | 1.34% | 0.38% | 0.17% | -0.30% | 0.19% | 1.20% | -0.02% | 8.42% |
| 2020 | 1.64% | 1.15% | -8.88% | -1.20% | 1.48% | 2.08% | -0.58% | 0.03% | 0.54% | -0.18% | 2.07% | 2.24% | -0.15% |
| 2019 | 0.81% | 0.91% | 1.29% | 0.70% | 1.08% | 0.41% | 0.60% | 1.07% | -0.26% | 0.21% | 0.31% | 0.50% | 7.90% |
| 2018 | -0.37% | 0.03% | 0.32% | 0.42% | 1.02% | 0.32% | 0.52% | 0.32% | 0.12% | -0.36% | 0.32% | 0.72% | 3.42% |
| 2017 | 0.51% | 0.62% | 0.62% | 1.02% | 1.23% | 0.12% | 0.72% | 1.41% | 0.32% | 0.32% | 0.13% | 0.89% | 8.19% |
| 2016 | 0.79% | 0.00% | 1.09% | 0.88% | 0.49% | 1.36% | 0.19% | 0.48% | -0.29% | -0.68% | -4.19% | 0.42% | 0.43% |
| 2015 | 1.40% | -0.57% | 0.50% | -0.19% | -0.20% | -0.30% | 0.40% | 0.30% | 0.50% | 0.50% | 0.10% | 0.60% | 3.06% |
| 2014 | 1.25% | 0.82% | 0.20% | 0.82% | 1.11% | -0.10% | -0.10% | 1.00% | 0.10% | 0.62% | 0.32% | 0.82% | 7.06% |
| 2013 | 0.20% | 0.10% | 0.80% | -0.49% | -2.98% | -1.43% | -1.66% | 1.27% | 0.31% | -0.31% | 0.00% | -4.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NVHIX is 74, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
NVHIX (Nuveen Short Duration High Yield Municipal Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuveen Short Duration High Yield Municipal Bond Fund granted a 4.36% dividend yield in the last twelve months. The annual payout for that period amounted to $0.43 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.41 | $0.33 | $0.36 | $0.39 | $0.39 | $0.39 | $0.39 | $0.36 | $0.37 | $0.10 |
Dividend yield | 4.36% | 4.39% | 3.50% | 3.41% | 3.85% | 3.70% | 3.85% | 3.81% | 3.68% | 3.61% | 0.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Short Duration 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.41 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.10 |
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 Short Duration 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 Short Duration High Yield Municipal Bond Fund was 13.54%, occurring on Mar 23, 2020. Recovery took 259 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.54% | Mar 2, 2020 | 16 | Mar 23, 2020 | 259 | Apr 1, 2021 | 275 |
| -10.55% | Dec 3, 2021 | 226 | Oct 26, 2022 | 384 | May 7, 2024 | 610 |
| -6.81% | May 21, 2013 | 75 | Sep 5, 2013 | 277 | Oct 10, 2014 | 352 |
| -5.6% | Sep 1, 2016 | 65 | Dec 2, 2016 | 166 | Aug 2, 2017 | 231 |
| -1.17% | Apr 9, 2015 | 44 | Jun 10, 2015 | 74 | Sep 24, 2015 | 118 |
Volatility
Volatility Chart
The current Nuveen Short Duration High Yield Municipal Bond Fund volatility is 1.00%, 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.