Investment Strategy
| A high yield strategy that invests in medium-to low-quality municipal bonds with a targeted average maturity between 15 to 30 years which seeks to provide high current income exempt from regular federal income taxes.* |
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Who should invest
Investors Seeking to:
| - Earn regular monthly dividends
- Keep more of what they earn
- Increase their after-tax income potential and are willing to accept a greater degree of credit risk
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A Word On Risk
| Investing in municipal bonds involves interest rate risk, the risk that interest rates will rise, causing bond prices to fall. Because the Fund invests in lower rated municipal bonds, commonly referred to as "high yield," "high risk" or "junk" bonds, which are considered to be speculative, the credit risk is heightened for the Fund. As with any mutual fund, loss of principal is a risk of investing. |
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Fund Basics: Shares
Select Share Class:
A | B | C | I
| Fund Symbol | NHMAX |
| Fund Cusip | 67065Q749 |
| Inception Date | 6/07/1999 |
| Latest NAV as of 9/02/2010 | $16.02 |
| Latest Monthly Dividend (9/01/2010) | $0.0890 |
| Fund Symbol | NHMBX |
| Fund Cusip | 67065Q756 |
| Inception Date | 6/07/1999 |
| Latest NAV as of 9/02/2010 | $16.01 |
| Latest Monthly Dividend (9/01/2010) | $0.0795 |
| Fund Symbol | NHMCX |
| Fund Cusip | 67065Q764 |
| Inception Date | 6/07/1999 |
| Latest NAV as of 9/02/2010 | $16.01 |
| Latest Monthly Dividend (9/01/2010) | $0.0820 |
| Fund Symbol | |
| Fund Cusip | |
| Inception Date | |
| Latest NAV as of | |
| Fund Symbol | NHMRX |
| Fund Cusip | 67065Q772 |
| Inception Date | 6/07/1999 |
| Latest NAV as of 9/02/2010 | $16.02 |
| Latest Monthly Dividend (9/01/2010) | $0.0915 |
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Portfolio Manager(s)
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 | John Miller, CFA - John joined Nuveen Investments as a credit analyst in 1996, with three prior years of experience in the municipal market with a private account management firm. He has been responsible for analysis of high yield credits and Miller has managed the Nuveen High Yield Municipal Bond Fund since 2000. He has a BA in Economics and Political Science from Duke University, and an MA in Economics from Northwestern University and an MBA with honors in Finance from the University of Chicago. He has earned the Chartered Financial Analyst designation. |
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| *Some income may be subject to state and local taxes and to the federal alternative minimum tax. Capital gains, if any, are subject to tax. |
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