NHMRX Fees and Costs — Nuveen High Yield Municipal Bond Fund, Class I
Data updated: 2026-08-27
The net expense ratio is 1.70%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $92 in broker commissions, and portfolio turnover was 15%.
NHMRX Fees and Expenses
Annual operating expenses and sales charges of NHMRX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.70% |
| Fee waiver | — |
| Net expense ratio | 1.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
NHMRX Costs Over Time
On $10,000 invested in NHMRX, assuming 5% a year before costs, total costs come to $1,049 over 5 years, cutting the return by 1.78% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.70%) | $178 | $553 | $952 |
| Lost growth on money paid in costs | $0 | $28 | $97 |
| Total costs | $178 | $580 | $1,049 |
| Value after costs | $10,322 | $10,996 | $11,714 |
| Impact on return, per year | 1.79% | 1.78% | 1.78% |
NHMRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $92
- Bought from dealers (principal trades, not a cost): $6.4B
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $3K
- Net income from securities lending: $165 (0.000% of average net assets)
NHMRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $92 | 100.00% |
NHMRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Capital Markets, LLC | $1.4B | 24.39% |
| Wells Fargo Securities, LLC | $1.2B | 20.27% |
| JPMorgan Securities LLC | $982.5M | 17.21% |
| Bank of America, National Association | $514.9M | 9.02% |
| RBC Capital Markets, LLC | $415.7M | 7.28% |
| Morgan Stanley | $361.3M | 6.33% |
| Piper Sandler & Co. | $263.9M | 4.62% |
| Loop Capital Markets LLC | $250.9M | 4.39% |
| Pershing LLC | $189.8M | 3.32% |
| Stifel Nicolaus & Company Incorporated | $181.2M | 3.17% |
Nuveen High Yield Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NHMFX | Class R6 | 1.66% | none |
| NHMRX | Class I | 1.70% | none |
| NHMAX | Class A | 1.90% | 4.20% |
| NHCCX | Class C | 2.70% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.