Nuveen High Yield Municipal Bond Fund Class R6
NHMFX
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Capital Structure
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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.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- Nuveen Investments Chicago IL United States of America 60606
- IPO Date
- Jul 5, 2016
- CIK
- 0001020660
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen High Yield Municipal Bond Fund Class R6 (NHMFX) is a mutual fund managed by Nuveen that primarily invests in non-investment-grade and unrated municipal bonds with a weighted average maturity exceeding 10 years; it seeks a high level of current tax-exempt income by targeting municipal bond market inefficiencies through in-depth credit analysis; the portfolio may also include tender option bond transactions to enhance yield via leverage. The fund's holdings emphasize revenue notes/bonds (approximately 71%), general obligation notes/bonds (approximately 28%), and smaller allocations to special feature municipal bonds and other tax-exempt securities; it maintains significant exposure to U.S. municipal tax-exempt bonds (around 89%), with minor positions in cash equivalents, taxable municipals, corporate bonds, and swaps. Nuveen, the fund's investment manager and a subsidiary of TIAA, was founded in 1898 and is headquartered in Chicago, Illinois, with global operations supporting its focus on fixed income, particularly tax-advantaged municipal bonds across mutual funds, closed-end funds, ETFs, and other vehicles. In May 2025, Steve Hlavin joined existing portfolio managers Daniel Close and Stephen Candido, strengthening the team's expertise in municipal credit selection without altering the fund's core investment strategy. Nuveen continues to expand its municipal bond offerings, launching two active municipal bond ETFs—Nuveen High Yield Municipal ETF (NHYM) and Nuveen Municipal Income ETF (NUMI)—in January 2025 to broaden access to its high-conviction strategies for retail and institutional investors seeking tax-exempt income. These developments align with Nuveen's broader municipals platform, which manages nearly $200 billion in assets and emphasizes active management across diverse product wrappers.