Nuveen High Yield Municipal Income ETF (NHYM)

The Nuveen High Yield Municipal Income ETF (NHYM) is an actively managed fund from Nuveen that invests mainly in municipal bonds whose interest is exempt from regular federal income tax.

The fund emphasizes high yield municipal debt, including lower-rated and unrated bonds issued for projects such as hospitals, senior living, charter schools, transportation and economic development. It may also hold investment-grade municipal bonds.

Nuveen uses its credit research team to select bonds rather than following an index.