Morningstar

Nuveen High Yield Municipal Bond Fund Class I NHMRX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 13.14  /  −0.08 %
  • Total Assets 11.2B
  • Adj. Expense Ratio
    0.560%
  • Expense Ratio 1.700%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 6.19%
  • Effective Duration 12.72 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis NHMRX

Will NHMRX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NHMRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NHMRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NHMRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An aggressive high-yield muni option.

Associate Director Tom Murphy

Tom Murphy

Associate Director

Summary

Nuveen High Yield Municipal Bond draws on extensive muni resources, but team changes and a process that takes more risks than nearly all high-yield muni Morningstar Category peers temper the strategy’s appeal.

by Tom Murphy
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Portfolio Holdings NHMRX

More NHMRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fixed Income Clearing Corp Repo

3.65 446M
Cash and Equivalents

Net Receivable For Sale Of Vistra Vision Class B Units

2.61 319M
Cash and Equivalents

PUBLIC FIN AUTH WIS LTD OBLIG PILOT REV 7%

1.48 181M
municipal

NEW HOPE CULTURAL ED FACS FIN CORP STUDENT HSG REV 5%

1.08 132M
municipal

AURORA HIGHLANDS CMNTY AUTH BRD COLO SPL TAX REV 5.75%

1.07 131M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

0.85 103M
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 7.25%

0.74 90M
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

0.74 90M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

0.67 82M
municipal

HOOVER ALA INDL DEV BRD ENVIRONMENTAL IMPT REV 5.75%

0.64 78M
municipal

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