# Nuveen High Yield Municipal Bond Fund Class C2 (NHMCX): Mutual Fund Facts & Distributions

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- Issuer: Nuveen · Asset class: Bond
- Strategy: Actively Managed · Inception: 1999-06-07

This fund primarily aims to deliver substantial current income that is exempt from ordinary federal income taxation. Generating capital appreciation stands as a secondary objective. Typically, under normal market conditions, the fund dedicates a minimum of 80% of its combined net assets and any borrowed funds towards municipal bonds, the interest from which is free from regular federal personal income tax. A significant portion of its portfolio is allocated to lower-quality, long-term municipal debt instruments. Furthermore, it retains the flexibility to utilize leverage, potentially throug...

## Key Facts

| Metric | Value |
|---|---|
| Price | $18.34 |
| Expense Ratio | — |
| Assets Under Management | $22.62B |
| NAV | $18.34 (2023-02-03 close) |
| Holdings Count | — |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | Monthly |
| 52-Week Range | $16.73 – $18.34 |
| Beta | 2.11 |

## Latest Distribution

- Amount: $0.0630 /share
- Ex-date: 2021-05-28
- Pay date: —

## Frequently Asked Questions

### What does NHMCX invest in?

This fund primarily aims to deliver substantial current income that is exempt from ordinary federal income taxation. Generating capital appreciation stands as a secondary objective. Typically, under normal market conditions, the fund dedicates a minimum of 80% of its combined net assets and any borrowed funds towards municipal bonds, the interest from which is free from regular federal personal income tax. A significant portion of its portfolio is allocated to lower-quality, long-term municipal debt instruments. Furthermore, it retains the flexibility to utilize leverage, potentially through holdings in inverse floaters, to enhance its investment exposure.

### What is the expense ratio of NHMCX?

An expense ratio for Nuveen High Yield Municipal Bond Fund Class C2 (NHMCX) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

### What is the duration of NHMCX?

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

### What is the credit quality of NHMCX?

NHMCX'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 NHMCX?

Yield to maturity (YTM) is the total return you'd earn from NHMCX if every bond in the portfolio is held to maturity at the current price. NHMCX'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.

### How big is NHMCX?

Nuveen High Yield Municipal Bond Fund Class C2 (NHMCX) manages $22.62B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

### Does NHMCX pay a dividend?

Nuveen High Yield Municipal Bond Fund Class C2 (NHMCX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does NHMCX pay dividends?

Nuveen High Yield Municipal Bond Fund Class C2 pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is NHMCX's dividend yield?

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

### When is NHMCX's next ex-dividend date?

The most recently announced ex-dividend date for NHMCX was 2021-05-28. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page.

### Why is NHMCX's expense ratio not shown?

Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check twice a month) report an expense ratio for Nuveen High Yield Municipal Bond Fund Class C2 (NHMCX). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number.

### How does NHMCX charge its expense ratio?

The expense ratio is deducted in tiny daily slices from NHMCX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/nhmcx
- Distribution history: https://www.dividenddata.com/funds/nhmcx/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/nhmcx/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/nhmcx/expenses
- Peer comparison: https://www.dividenddata.com/funds/nhmcx/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.