(NMZ) Nuveen Municipal High IOF - Overview
Fund: Municipal, Bond, Fund
Dividends
| Dividend Yield | 7.53% |
| Yield on Cost 5y | 7.37% |
| Yield CAGR 5y | 0.67% |
| Payout Consistency | 93.5% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 8.72% |
| Relative Tail Risk | 0.73% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.20 |
| Alpha | -5.44 |
| Character TTM | |
|---|---|
| Beta | 0.235 |
| Beta Downside | 0.258 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.43% |
| CAGR/Max DD | 0.25 |
Description: NMZ Nuveen Municipal High IOF November 30, 2025
Nuveen Municipal High IOF (NYSE: NMZ) is a U.S.-based high-yield municipal bond fund that seeks to generate income that exceeds the average municipal market return by investing in lower-rated, higher-coupon muni securities.
Key metrics to watch include its current distribution yield of roughly 5.8% (as of Q3 2024), a weighted-average maturity of about 7 years, and a credit-quality composition skewed toward BB-B and lower, which makes the fund sensitive to changes in the municipal credit cycle. Recent data show that the fund’s net asset value (NAV) has outperformed the Bloomberg Municipal High Yield Index by ~120 bps over the past 12 months, reflecting its aggressive positioning. The primary driver of performance is the prevailing municipal interest-rate environment: a flattening Treasury curve and modest fiscal stimulus at the state level have supported tighter spreads for high-yield muni bonds.
For a deeper dive into NMZ’s risk-adjusted returns and how its exposure aligns with broader tax-exempt income strategies, you might explore the analytics on ValueRay.
What is the price of NMZ shares?
Over the past week, the price has changed by +0.38%, over one month by +2.78%, over three months by +0.74% and over the past year by +0.66%.
Is NMZ a buy, sell or hold?
What are the forecasts/targets for the NMZ price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 11.2 | 6.5% |
NMZ Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.07b USD (1.07b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.07b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 1.07b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.78% (E(1.07b)/V(1.07b) * Re(6.78%) + (debt-free company))
Discount Rate = 6.78% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)