Nuveen High Yield Municipal Bond Fund Class C2
NHMCX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- Nuveen Investments Chicago IL United States of America 60606
- IPO Date
- Jun 7, 1999
- CIK
- 0001020660
- Similar Companies
- Business
- Nuveen High Yield Municipal Bond Fund Class C2 (NHMCX) is an open-end mutual fund that seeks a high level of current income exempt from regular federal income taxes, with capital appreciation as a secondary objective; the Fund primarily invests at least 65% of its net assets in medium- to low-quality, non-investment-grade and unrated municipal bonds issued by state and local governments, with a weighted average maturity exceeding 10 years. It targets municipal bond market inefficiencies through credit analysis, sector evaluation, and strategic leverage via tender option bond transactions to enhance yield; the portfolio emphasizes long-term, high-yield municipal securities across sectors such as public finance, cultural education facilities, community authority special tax revenue, sales tax financing, and tobacco settlement financing, with top holdings including Public Fin Auth Wis Ltd Oblig Pilot Rev 7%, New Hope Cultural Ed Facs Fin Corp Student Hsg Rev 5%, and Aurora Highlands Cmnty Auth Brd Colo Spl Tax Rev 5.75%. The Fund operates within the high yield municipal bond segment, serving taxable U.S. investors seeking tax-exempt income, with geographic exposure predominantly in U.S. states including Florida, New York, and Puerto Rico, alongside non-U.S. bond allocations; it is part of Nuveen Municipal Trust, managed by Nuveen Fund Advisors, LLC, headquartered in Chicago, Illinois, with the overall fund inception dating to June 7, 1999. In a recent development effective May 9, 2025, Steven Hlavin joined portfolio managers Daniel Close and Stephen Candido, strengthening the management team without altering the investment strategy; the Fund has maintained steady monthly distributions amid market volatility, projecting an annualized dividend yield of approximately 7.42% as of mid-2025.