Nuveen High Yield Municipal Income
NHYM
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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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
- 333 West Wacker Drive, Chicago, IL 60606 United States of America
- IPO Date
- Jan 30, 2025
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen High Yield Municipal Income ETF (NHYM) is an actively managed exchange-traded fund that primarily invests in non-investment-grade and unrated U.S. municipal bonds with a weighted average maturity exceeding 10 years; the portfolio targets municipal bond market inefficiencies to deliver a high level of federally tax-exempt current income to investors. The fund allocates at least 65% of its net assets to bonds rated BBB/Baa or lower, including revenue bonds, general obligation bonds, and participation interests, as well as up to 10% in distressed securities; it emphasizes bottom-up credit analysis across sectors such as healthcare, higher education, infrastructure, airports, and public authorities. Holdings include securities like Public Fin Auth 5.75%, New York Liberty Dev Corp Liberty Rev 5%, and Tulsa Okla Mun Arpt Tr Rev 6.25%, with over 190 positions concentrated in municipal tax-exempt bonds (99.71% of assets). Launched on January 22, 2025, and domiciled in the United States with listing on NYSE Arca, NHYM is managed by Nuveen Fund Advisors, LLC (adviser) and Nuveen Asset Management, LLC (sub-adviser), both subsidiaries of Nuveen, LLC, the investment manager of TIAA; it operates within Nuveen's $1.3 trillion AUM platform, which includes nearly $200 billion in municipals across mutual funds, closed-end funds, ETFs, and other vehicles. The ETF targets individual and institutional investors seeking tax-efficient high-yield income from developed North American markets, with a net expense ratio of 0.35% and total net assets of approximately $85 million as of late 2025. In a major strategic expansion, Nuveen launched NHYM alongside the Nuveen Investment Grade Municipal Income ETF (NUMI) on January 22, 2025, to broaden access to its flagship active municipal strategies in the fast-growing ETF wrapper and meet demand for unlevered high-yield muni exposure; this brought Nuveen's ETF suite to 25 funds with $10.2 billion in AUM, underscoring its leadership in muni credit research by a team of nearly 80 professionals averaging 22 years of experience. Portfolio management was enhanced in May 2025 with Steve Hlavin joining Daniel Close, Stephen Candido, and others, enabling nimble trading amid market volatility; the fund maintained focus on yield enhancement and liquidity during elevated supply and tariff-related pressures in Q2 2025, without reported acquisitions, funding rounds, or reorganizations.