|Expense Ratio (net)||0.77%|
|Morningstar Risk Rating||★★★★★|
|Last Cap Gain||0.00|
|Inception Date||Jun 7, 1999|
|Average for Category||N/A|
Bond strategists at Pimco say municipal securities show good value after President Donald Trump’s early policy stumbles.
Investors in search of better yields—but who want to avoid taking too much risk—should consider an often-misunderstood sector: high-yield municipal bonds. It has a 4.3% yield, is selling at a 3% discount, and matures at par in 11 years.
Nuveen High Yield Municipal Bond A (NHMAX) a Zacks Rank #1 (Strong Buy) invests at least 65% of the fund's net assets in medium- to low-quality bonds