Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX)
Nuveen High Yield Municipal Bond Fund Class R6 operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $14.24, up 0.07% on the session, giving a market capitalisation of $12.94B. Its beta of 1.46 implies it has historically moved more than the broad market.
The primary goal of this fund is to generate a substantial income stream that is exempt from standard federal income taxes, with capital growth being a secondary objective. Typically, under normal market conditions, the fund allocates a minimum of 80% of its total investment capital (which includes both its net assets and any funds borrowed for investment purposes) to municipal bonds. The interest payments from these specific bonds are not subject to regular federal personal income tax. The portfolio notably emphasizes long-dated municipal bonds with lower credit ratings and has the flexibility to employ financial leverage, often achieved through instruments like inverse floaters.
Nuveen High Yield Municipal Bond Fund Class R6 is most often compared with the following Financial Services names: