Nuveen High Yield Municipal Bond Fund Class I (NHMRX)
Nuveen High Yield Municipal Bond Fund Class I operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $14.23, up 0.07% on the session, giving a market capitalisation of $12.93B. Its beta of 1.46 implies it has historically moved more than the broad market.
The fund's main goal is to generate substantial current income that is exempt from regular federal income taxes, with capital appreciation serving as a secondary objective. Typically, under normal conditions, at least 80% of its total assets, which includes any borrowed funds used for investment, are allocated to municipal bonds that provide interest income free from federal personal income tax. A considerable portion of its holdings are in longer-term, lower-quality municipal bonds, and the fund may also strategically use inverse floaters to achieve investment leverage.
Nuveen High Yield Municipal Bond Fund Class I is most often compared with the following Financial Services names: