- What does NMSSX invest in?
- Registered interval fund primarily focused on current income exempt from U.S. federal income tax, with capital appreciation as a secondary objective. Actively manages a portfolio of non-investment grade and unrated municipal bonds, including distressed and defaulted securities. Provides periodic liquidity through quarterly repurchase offers. Targets investors seeking tax-efficient income with higher risk and illiquidity tolerance.
- What is the expense ratio of NMSSX?
- Nuveen Enhanced High Yield Municipal Bond Fund (NMSSX) charges an expense ratio of 3.38%. This is the annual fee deducted from fund assets to cover management and operations.
- What is NMSSX's dividend yield?
- NMSSX's trailing-twelve-month yield is 6.38%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of NMSSX?
- Effective duration measures NMSSX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NMSSX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of NMSSX?
- NMSSX'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 NMSSX?
- Yield to maturity (YTM) is the total return you'd earn from NMSSX if every bond in the portfolio is held to maturity at the current price. NMSSX'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.
