NHYM

Nuveen High Yield Municipal Income ETF

$24.88

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Nuveen High Yield Municipal Income ETF (NHYM) seeks to provide high current income exempt from regular federal income tax.

Overview

ETF tracking Nuveen High Yield Municipal Income ETF

Category Municipal Bonds

Issuer Other

Inception Date 2025-01-23

Market Cap $87.1M

Average Volume N/A

Dividend Yield 3.23%

52-Week Range $23.65 - $25.48

VWAP $24.89

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Nuveen High Yield Municipal Income ETF (NHYM) seeks to provide high current income exempt from regular federal income tax.

🎯 Investment Strategy

The fund invests primarily in high-yield municipal bonds to generate tax-exempt income. The portfolio is actively managed, with the goal of outperforming the Bloomberg Barclays Municipal Bond Index.

✨ Key Features

Focuses on high-yield municipal bonds to generate tax-exempt income
Actively managed portfolio aiming to outperform the benchmark index
Diversified exposure to the municipal bond market
Potential for higher yields compared to investment-grade municipal bonds

⚠️ Primary Risks

Credit risk: Investments in lower-rated or non-investment grade municipal bonds carry a higher risk of default
Interest rate risk: Bond prices may decline as interest rates rise
Liquidity risk: High-yield municipal bonds may be less liquid than investment-grade bonds
Tax risk: Changes in tax laws could affect the tax-exempt status of the fund's distributions

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and willing to take on the additional risks associated with high-yield municipal bonds. It may be most appropriate for investors in higher tax brackets who can tolerate the increased volatility and credit risk compared to investment-grade municipal bond funds.