Nuveen High Yield Municipal Bond Fund Class C2 (NHMCX)
Nuveen High Yield Municipal Bond Fund Class C2 operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $18.34, up 0.05% on the session, giving a market capitalisation of $22.62B. Its beta of 2.11 implies it has historically moved more than the broad market.
This fund primarily aims to deliver substantial current income that is exempt from ordinary federal income taxation. Generating capital appreciation stands as a secondary objective. Typically, under normal market conditions, the fund dedicates a minimum of 80% of its combined net assets and any borrowed funds towards municipal bonds, the interest from which is free from regular federal personal income tax. A significant portion of its portfolio is allocated to lower-quality, long-term municipal debt instruments. Furthermore, it retains the flexibility to utilize leverage, potentially through holdings in inverse floaters, to enhance its investment exposure.
Nuveen High Yield Municipal Bond Fund Class C2 is most often compared with the following Financial Services names: