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Nuveen High Yield Municipal Bd Fd Class A: (MF: NHMAX)
(NASDAQ Mutual Funds) As of Apr 23, 2024 08:00 PM ET
$14.74 USD
+0.01 (0.07%)
Zacks MF Rank
1-Strong Buy of 5 1
Fund Description
The fund was incepted in June 1999 and is managed by Enterprise Capital Management, Inc. The fund seeks high current income exempt from regular federal income taxes. Capital appreciation is a secondary objective. The fund invests at least 65% of the fund's net assets in medium- to low-quality bonds. The fund may invest up to 10% of its net assets in defaulted municipal bonds. The fund pay tax-free dividends monthly and capital gains once a year in December.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Muni Bond A | NHMAX | 4.20 | NA | 0.00 | 0.20 | 0.48 | 0.80 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Muni Bond A | NHMAX | 14.74 | 6/7/1999 | 1.20 | 4.21 | -0.99 | 1.87 |
| Nuveen High Yield Muni Bond I | NHMRX | 14.82 | 6/7/1999 | 1.25 | 4.35 | -0.81 | 2.06 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Nuveen High Yield Muni Bond A | NHMAX | 3000 | 100 | 0 | M |
Contact Information
| Family | Nuveen |
| Address | 333 West Wacker Drive Chicago, IL 60606 |
| Phone | 800 257-8787 |