Nuveen Short Duration High Yield Municipal Bond Fund

U.S. News evaluated 41 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 1.05 percent over the past year.

Trailing Returns Updated 02.28.2014
Year to date 2.7%
1 Year 1.1%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks to provide high current income exempt from regular federal income taxes; capital appreciation is a secondary objective when consistent with the fund's primary objective. The fund normally invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal personal income tax. It generally invests at least 65% of its net assets in low-to-medium-quality bonds rated BBB/Baa or lower. The fund may invest up to 15% of its net assets in municipal securities.

Fees

Fees are Above Average compared to funds in the same category.
Nuveen Short Duration High Yield Municipal Bond Fund has an expense ratio of 0.62 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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