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Nuveen High Yield Municipal Bond A (NHMAX) Fund Ranking and Research

Ranking, Research and Recommendation of Nuveen High Yield Municipal Bond A (NHMAX) Fund

    Last Trade: $16.82 on 7/29/2014, Change: +0.02 (0.12%)

 

Graph of Nuveen High Yield Municipal Bond A Fund (NHMAX) ManagerFund Manager - John Miller

Fund Manager Information

Fund Manager Tenure: 13.6 years
Similar Funds: NHMCX  NHMRX 
Fund Family: Nuveen
Fund Category: High Yield Muni
Fund Performance: Jun 29, 2014
Fundmojo Fund Grade: A+ (Score: 0.81)     (What does this score mean?)
Miller, CFA, joined Nuveen Investments as a Credit Analyst in 1996, with three prior years of experience as an analyst with C.W. Henderson & Associates. He has been responsible for analysis of high-yield credits in the utility, solid waste, and energy-related sectors. Since 2011, Miller has served as Co-Head of Fixed Income and Managing Director since 2007. Between 2002 and 2007, he was Vice President at Nuveen. Miller earned a B.A. in Economics and Political Science from Duke University, an M.A. in Economics from Northwestern University, and an M.B.A. with honors in Finance from the University of Chicago.  Get more insights on John Miller

 

Graph of Nuveen High Yield Municipal Bond A Fund (NHMAX) ProfileNuveen High Yield Municipal Bond A Fund (NHMAX) Profile

Fund Profile and Description

Nuveen High Yield Municipal Bond A Fund seeks high current income exempt from regular federal income taxes; capital appreciation is secondary objective. Nuveen High Yield Municipal Bond A Fund normally invests at least 80% of net assets in municipal bonds that pay interest that is exempt from regular federal personal income tax. It invests at least 65% of net assets in medium-to low-quality bonds rated BBB/Baa or lower. Nuveen High Yield Municipal Bond A Fund may invest up to 10% of assets in defaulted municipal bonds. It may invest up to 15% of net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates.

 

Nuveen High Yield Municipal Bond A (NHMAX) Fund Strength What we like about Nuveen High Yield Municipal Bond A (NHMAX) Fund

Data for Nuveen High Yield Municipal Bond A Fund (NHMAX) as of Jun 29, 2014

  • Nuveen High Yield Municipal Bond A Fund (NHMAX) management has been with Nuveen High Yield Municipal Bond A Fund for 13.6 years
  • Nuveen High Yield Municipal Bond A Fund (NHMAX) has good short-term performance (1-year return 11.45% vs 6.25% High Yield Muni category median performance)
  • Nuveen High Yield Municipal Bond A Fund (NHMAX) has good mid-term performance (3-year return 11.22% vs 7.10% High Yield Muni category median performance)
  • Nuveen High Yield Municipal Bond A Fund (NHMAX) has good Long-term performance (5-year return 12.14% vs 8.37% High Yield Muni category median performance)
  • Nuveen High Yield Municipal Bond A Fund (NHMAX) ratio of up-years vs down years is greater than 2
  • Nuveen High Yield Municipal Bond A Fund (NHMAX) has a Morningstar rating of 4 and above
  • Asset base in Nuveen High Yield Municipal Bond A Fund (NHMAX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Nuveen High Yield Municipal Bond A Fund (NHMAX) has a lower expense ratio than its High Yield Muni average: 0.79% vs 0.99%

Nuveen High Yield Municipal Bond A Fund (NHMAX) Weakness What we are cautious about Nuveen High Yield Municipal Bond A (NHMAX) Fund

Data for Nuveen High Yield Municipal Bond A Fund (NHMAX) as of Jun 29, 2014

  • Nuveen High Yield Municipal Bond A Fund (NHMAX) has an annual stock turnover rate of 30.00% that is higher than the High Yield Muni average of 26.20%. This could mean Nuveen High Yield Municipal Bond A is more nimble, but also signal potential high tax impact and high trading fees
  • Nuveen High Yield Municipal Bond A Fund (NHMAX) is more volatile than its peers as it has a 3-year Standard Deviation of 6.99 that is higher than category average of 5.78
  • Nuveen High Yield Municipal Bond A Fund (NHMAX) carries a 4.2% load
See Nuveen High Yield Municipal Bond A Fund (NHMAX) performance details as of Jun 29, 2014

 

What do you think?

 

Compare Nuveen High Yield Municipal Bond A Fund (NHMAX)Compare with other top High Yield Muni category mutual funds

Aadditional top High Yield Muni mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Nuveen High Yield Municipal Bond A12.7711.4511.2212.14
American High-Income Municipal Bond A (AMHIX)9.318.088.438.85Compare
Columbia High Yield Muni Z (SRHMX)8.727.998.008.97Compare
T. Rowe Price Tax-Free High Yield (PRFHX)9.708.268.179.15Compare

See top fund managers for High Yield Muni Category Funds

 

Compare Nuveen High Yield Municipal Bond A Fund (NHMAX)Compare with High Yield Muni category ETFs

Some High Yield Muni ETFs for your consideration

ETFYear to DateOne YearThree Year
SPDR Nuveen S&P High Yield Muni (HYMB)12.53%9.86%9.68%
Market Vectors High-Yield Muni ETF (HYD)9.15%4.78%6.83%

 

Graph of Nuveen High Yield Municipal Bond A Fund (NHMAX) Net Asset TrackingNuveen High Yield Municipal Bond A (NHMAX) Fund Net Asset

Track net asset change of Nuveen High Yield Municipal Bond A fund (NHMAX)

DateNet Asset
06/2014$9.26B
03/2014$7.91B
02/2014$7.76B
More historic net asset information on Nuveen High Yield Municipal Bond A Fund (NHMAX)

  

Graph of Nuveen High Yield Municipal Bond A Fund (NHMAX) Portfolio TrackingNuveen High Yield Municipal Bond A (NHMAX) Fund Portfolio Allocation

Track portfolio allocation change of Nuveen High Yield Municipal Bond A fund (NHMAX)

DateCashStockBondOther
05/20140.79%2.97%95.6%0.65%
02/20140.9%1.69%95.51%0.77%
01/20140.93%0.87%95.51%0.81%
Click here to see more historic asset allocation information on Nuveen High Yield Municipal Bond A Fund (NHMAX)

 

graph of Nuveen High Yield Municipal Bond A Fund (NHMAX) Top 10 Position TrackingTop 10 Holdings in Nuveen High Yield Municipal Bond A (NHMAX) Fund

Discover what Nuveen High Yield Municipal Bond A Fund (NHMAX) manager is buying

May 30, 2014
American Airlines Group, Inc. [2.96%]
Iowa Fin Auth 4.75% [1.43%]
Tennessee Engy Acquisition C Jr R 5.625% [1%]
Golden St Tob Securitization C Tobacco S [0.92%]
Illinois Fin Auth 6.5% [0.72%]
Cook Cnty Ill Rev Rev Bds 6.5% [0.68%]
Mashantucket Western Pequot Tr Bd 4% [0.66%]
Buckeye Ohio Tob Settlement Fi Tob 5.75% [0.62%]
Wisconsin Pub Fin Auth 8.625% [0.59%]
Buckeye Ohio Tob Settlement Fi To 5.875% [0.58%]

Feb 27, 2014
American Airlines Group, Inc. [1.67%]
Amer Airls Grp Cv [1.14%]
Iowa Fin Auth 4.75% [0.99%]
Tennessee Engy Acquisition C Jr R 5.625% [0.96%]
Mashantucket Western Pequot Tr Bd 6.05% [0.95%]
Golden St Tob Securitization C Tobacco S [0.81%]
Illinois Fin Auth 6.5% [0.79%]
Buckeye Ohio Tob Settlement Fi Tob 5.75% [0.71%]
Cook Cnty Ill Rev Rev Bds 6.5% [0.66%]
Buckeye Ohio Tob Settlement Fi To 5.875% [0.66%]

Jan 30, 2014
Amer Airls Grp Pfd [1.89%]
Iowa Fin Auth 4.75% [1%]
Mashantucket Western Pequot Tr Bd 6.05% [0.99%]
American Airlines Group, Inc. [0.85%]
Tennessee Engy Acquisition C Jr R 5.625% [0.83%]
Illinois Fin Auth 6.5% [0.81%]
Golden St Tob Securitization C Tobacco S [0.7%]
Buckeye Ohio Tob Settlement Fi Tob 5.75% [0.7%]
Cook Cnty Ill Rev Rev Bds 6.5% [0.68%]
Pennsylvania Econ Dev Fing Rev Bds 6% [0.68%]
Click here for Stock Holding Change Map in Nuveen High Yield Municipal Bond A Fund (NHMAX)

  

Latest News on Nuveen High Yield Municipal Bond A (NHMAX) Fund

See what is happening with Nuveen High Yield Municipal Bond A Fund (NHMAX)

 

Nuveen High Yield Municipal Bond A Fund (NHMAX) Related ResourcesSee more information on Nuveen High Yield Municipal Bond A (NHMAX) Fund

Popular pages on Nuveen High Yield Municipal Bond A (NHMAX) Fund