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Nuveen Short Duration Hi Yld Muni Bd I (NVHIX)

9.70 +0.03 (+0.31%)
At close: 8:00 PM EST

Fund Summary

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 municipal bonds that pay interest that is exempt from regular federal personal income tax. Under normal market conditions, it will generally maintain an investment portfolio with a weighted average effective duration of less than 4.5 years.

Nuveen Short Duration Hi Yld Muni Bd I

Chicago, IL 60606
333 W Wacker Drive 33rd Floor

Fund Overview

Category High Yield Muni
Fund Family Nuveen
Net Assets 4.75B
YTD Return 6.08%
Yield 4.61%
Morningstar Rating
Inception Date Feb 01, 2013

Fund Operations

Last Dividend 0.41
Last Cap Gain -14.00
Holdings Turnover 31.00%
Average for Category --

Fees & Expenses

Expense NVHIX Category Average
Annual Report Expense Ratio (net) 0.86% 0.92%
Prospectus Net Expense Ratio 0.86% --
Prospectus Gross Expense Ratio 0.87% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.71%
Max Deferred Sales Load -- 1.38%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Timothy T. Ryan, Lead Manager since February 01, 2013
Timothy T. Ryan, CFA, is a Managing Director and Portfolio Manager at Nuveen Asset Management. Mr. Ryan joined an affiliate of Nuveen Asset Management in 2010. Prior to joining Nuveen Asset Management, Mr. Ryan was a principal of SSGA FM and a Vice President of SSGA and responsible for managing the series of the Trust that invest primarily in municipal securities. Prior to joining SSGA, Mr. Ryan was a lead portfolio manager in the municipal bond group at Deutsche Bank Asset Management, formally Scudder Insurance Asset Management. His clients included nuclear decommissioning trusts, insurance portfolios and corporate cash. Mr. Ryan began working at Deutsche Bank in 1991 as a municipal bond analyst covering high yield, transportation, higher education, general obligation, and money market sectors. He joined Deutsche Bank with 8 years of experience as vice president and investment banker at Mesirow Financial and vice president and financial consultant at Speer Financial. Mr. Ryan has a BS from University of Wisconsin and a Master of Management from JL Kellogg Graduate School of Management Northwestern University. Mr. Ryan has earned the Chartered Financial Analyst designation.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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