NHMFX – Nuveen High Yield Municipal Bond R6 Investment Strategy | Morningstar

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Strategy

The investment seeks high current income exempt from regular federal income taxes; capital appreciation is a secondary objective. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal personal income tax. It invests significantly in lower-quality long-term municipal bonds and may invest up to 15% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates (“inverse floaters”).

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
NHMRX	Nuveen High Yield Municipal Bond Fund Class I	Institutional	Open			Jun 7, 1999	$5.75B	0.560%	Below Average	$100,000	−$430.60M
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	Front Load	Open			Jun 7, 1999	$4.69B	0.760%	Low	$2,500	−$709.86M
NHCCX	Nuveen High Yield Municipal Bond Fund Class C	Level Load	Open			Feb 10, 2014	$368.02M	1.560%	Average	$200	−$138.50M
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	Retirement, Large	Open			Jun 30, 2016	$351.44M	0.520%	Average	$1M	−$63.08M

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