Nuveen High Yield Municipal Income (NHYM)
Nuveen High Yield Municipal Income operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $24.80, up 0.16% on the session, giving a market capitalisation of $136.4M. Its beta of 0.17 implies it has historically moved less than the broad market.
This fund utilizes an active management strategy, primarily investing in municipal debt classified as speculative-grade or unrated. The portfolio typically holds securities with a weighted average maturity exceeding ten years. A substantial team of credit analysts diligently works to identify undervalued opportunities and capitalize on inefficiencies within the municipal bond market. The central aim of this approach is to deliver a significant stream of tax-free income to investors.
Nuveen High Yield Municipal Income is most often compared with the following Financial Services names: