Nuveen High Yield Municipal Income

Frequently Asked Questions About NHYM

What does NHYM invest in?

This fund utilizes an active management strategy, primarily investing in municipal debt classified as speculative-grade or unrated. The portfolio typically holds securities with a weighted average maturity exceeding ten years. A substantial team of credit analysts diligently works to identify undervalued opportunities and capitalize on inefficiencies within the municipal bond market. The central aim of this approach is to deliver a significant stream of tax-free income to investors.

What is the expense ratio of NHYM?

Nuveen High Yield Municipal Income (NHYM) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is NHYM's dividend yield?

NHYM's trailing-twelve-month yield is 4.61%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NHYM?

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

What is the credit quality of NHYM?

NHYM'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 NHYM?

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