Nuveen High Yield Corporate Bond (NHYB)
Nuveen High Yield Corporate Bond operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $24.10, down 0.02% on the session, giving a market capitalisation of $1.70B. Its beta of 0.15 implies it has historically moved less than the broad market.
The Nuveen High Yield Corporate Bond Fund (NHYB) utilizes a passive, indexing approach. Its primary goal is to replicate the investment performance, before accounting for fees and expenses, of the ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index. To achieve this objective, the fund allocates its capital across a broad and varied selection of U.S. dollar-denominated, fixed-rate corporate debt instruments that are classified as high yield.
Nuveen High Yield Corporate Bond is most often compared with the following Financial Services names: