Nuveen High Yield Municipal Bond Fund

Frequently Asked Questions About NHCCX

What does NHCCX invest in?

Under typical market conditions, the fund commits a minimum of 80% of its combined net assets and any borrowed funds used specifically for investment purposes to municipal bonds. The interest payments from these bonds are exempt from regular federal personal income tax. A significant portion of the portfolio is concentrated in long-term municipal bonds that are considered lower quality. Furthermore, the fund may employ effective leverage, for instance, through investments in inverse floaters.

What is the expense ratio of NHCCX?

Nuveen High Yield Municipal Bond Fund (NHCCX) charges an expense ratio of 2.80%. This is the annual fee deducted from fund assets to cover management and operations.

What is NHCCX's dividend yield?

NHCCX's trailing-twelve-month yield is 4.82%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NHCCX?

Effective duration measures NHCCX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NHCCX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NHCCX?

NHCCX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of NHCCX?

Yield to maturity (YTM) is the total return you'd earn from NHCCX if every bond in the portfolio is held to maturity at the current price. NHCCX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.