Nuveen High Yield Corporate Bond

Frequently Asked Questions About NHYB

What does NHYB invest in?

The Nuveen High Yield Corporate Bond Fund (NHYB) utilizes a passive, indexing approach. Its primary goal is to replicate the investment performance, before accounting for fees and expenses, of the ICE BofA BB-B U.S. Cash Pay High Yield Constrained Index. To achieve this objective, the fund allocates its capital across a broad and varied selection of U.S. dollar-denominated, fixed-rate corporate debt instruments that are classified as high yield.

What is the expense ratio of NHYB?

Nuveen High Yield Corporate Bond (NHYB) charges an expense ratio of 0.08%. This is the annual fee deducted from fund assets to cover management and operations.

What is NHYB's dividend yield?

NHYB's trailing-twelve-month yield is 6.77%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NHYB?

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

What is the credit quality of NHYB?

NHYB'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 NHYB?

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