Nuveen High Income Bond Fund
Data updated: 2026-07-24
C000015079 — Nuveen High Income Bond Fund. Intermediate Corporate Bond · $391.54M AUM · 1.29% expense ratio. Holdings, fees, performance and SEC filings.
C000015079 Fund Overview
Nuveen High Income Bond Fund is a US mutual fund managed by Nuveen Investment Funds INC, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Nuveen Investment Funds INC
- Category: Intermediate Corporate Bond
- Assets under management: $391.54M
- 1-year return: 24.3%
- SEC CIK: 0000820892
- SEC series ID: S000005544
- Share class ID: C000015079
C000015079 Investment Objective and Strategy
Nuveen High Income Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Nuveen Investment Funds INC.
Investment objective
The investment objective of the Fund is to provide investors with a high level of current income.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in bonds rated lower than investment grade at the time of purchase or in unrated bonds of comparable quality (securities commonly referred to as high yield securities or junk bonds). These bonds generally provide high income in an effort to compensate investors for their higher risk of default, which is the failure to make required interest or principal payments. High yield bond issuers include small or relatively new companies lacking the history or capital to merit investment-grade status, former blue chip companies downgraded because of financial problems, companies electing to borrow heavily to finance or avoid a takeover or buyout, and firms with heavy debt loads.
The Fund may invest up to 20% of its net assets in fixed and floating rate loans (including senior loans and secured and unsecured junior loans). In addition, the Fund may invest up to 20% of its net assets, collectively, in preferred securities and contingent capital securities (sometimes referred to as CoCos). The Fund may invest in exchange-traded funds, closed-end funds, and other investment companies (investment companies). There is no minimum rating requirement and no limitation on the average maturity or average effective duration of securities held by the Fund. The Fund may invest in securities that have not been registered under the Securities Act of 1933, but that may be resold to qualified institutional buyers in accordance with the provisions of Rule 144A under the Securities Act of 1933 (Rule 144A securities).
The Fund may invest without limitation in debt obligations of foreign corporations and governments. However, no more than 20% of the Funds total assets may be invested in debt obligations issued by governmental and corporate issuers that are located in emerging market countries, provided that no issuer included in the Funds current benchmark index will be considered to be located in an emerging market country. The Funds sub-adviser employs a bottom up approach to investing. The sub-adviser devotes more resources to evaluating individual securities rather than assessing macro-economic trends. Securities are selected using fundamental credit research to identify relative value in the market. Positions are sold in anticipation of credit deterioration or when a security is priced expensively relative to other comparable investments.
The Fund may utilize the following derivatives: options; futures contracts; options on futures contracts; foreign currency contracts; options on foreign currencies; swap agreements, including interest rate swaps, currency swaps, total return swaps and credit default swaps; and options on swap agreements. The Fund may use these derivatives in an attempt to manage market risk, currency risk, credit risk and yield curve risk, to manage the effective maturity or duration of securities in the Funds portfolio or for speculative purposes in an effort to increase the Funds yield or to enhance returns. The use of a derivative is speculative if the Fund is primarily seeking to enhance returns, rather than offset the risk of other positions.
C000015079 Holdings
Top 10 holdings of Nuveen High Income Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| US 5YR NOTE (CBT) Sep26 | 7.89% |
| State Street Bank And Trust Company | 2.78% |
| State Str Navigator Secs L Tr | 2.71% |
| Allied Universal Holdco LLC | 0.77% |
| OHS Issuer LLC | 0.75% |
| ILPT Commercial Mortgage Trust 2025-LPF2 | 0.65% |
| Encore Capital Group Inc | 0.64% |
| TSC SPV Funding LLC | 0.64% |
| Connect Holding II LLC | 0.56% |
| Connecticut Avenue Securities Trust 2022-R06 | 0.56% |
C000015079 Portfolio Allocation
Asset-class allocation of Nuveen High Income Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 63.1% |
| Securitized | 19.5% |
| Loans | 14.4% |
| Real Estate | 7.9% |
| Cash & Equivalents | 5.7% |
| Equity | 0.7% |
C000015079 Performance
Total returns for C000015079 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 24.3% |
C000015079 Risk Information
Risk metrics for C000015079, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.8%
C000015079 Costs and Fees
C000015079 costs about $129 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.29%
- Gross expense ratio: 1.41%
- Portfolio turnover: 99%
- Brokerage commissions: 0.12 bps of average net assets (SEC N-CEN)
C000015079 Cashflows
Over the 12 months to 2026-05, Nuveen High Income Bond Fund had net inflows of $221.98M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$3.60M |
| 2026-04 | $17.82M |
| 2026-03 | $16.97M |
| 2026-02 | $21.88M |
| 2026-01 | $16.93M |
| 2025-12 | $23.93M |
C000015079 Debt Constituents
Largest debt holdings of Nuveen High Income Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Encore Capital Group Inc | 0.64% |
| Connect Holding II LLC | 0.56% |
| Directv Financing LLC / Directv Financing Co-Obligor Inc | 0.53% |
| BNP Paribas SA | 0.51% |
| Dealer Tire Llc/dt Issr | 0.49% |
| Zayo Group Holdings Inc | 0.49% |
| Iron Mountain Inc | 0.47% |
| Stonex Escrow Issuer LLC | 0.45% |
| HA Sustainable Infrastructure Capital Inc | 0.43% |
| APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | 0.41% |
C000015079 Prospectus and SEC Filings
Official Nuveen High Income Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-29
- Prospectus (485BPOS) — filed 2024-12-27
- Prospectus (485BPOS) — filed 2023-12-29
- Portfolio holdings (N-PORT) — filed 2026-07-24
- Portfolio holdings (N-PORT) — filed 2026-04-27
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2024-11-14
- Annual census (N-CEN) — filed 2023-11-14
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.