Fund Research for Nuveen High Yield Bond R3 (NHYTX)

  • Fund Overview

    Fund Inception Date: Aug 01, 2008
    Category: High Yield Bond
    Overall Risk: Average
    Fund Family: Nuveen
    Return Since Inception: 0.46%
    YTD Return: 37.01%
    Yield (TTM): 8.65%
    Net Assets: 133,642.00
    Morningstar Rating:
    3 of 5
    The investment seeks to maximize total return. The fund normally invests at least 80% of net assets in domestic and foreign corporate high yield debt securities, including zero coupon, payment in-kind and convertible bonds. It normally will not invest more than 10% of net assets either in securities rated in the category of "CCC" or lower or non-rated securities the fund's investment adviser believes are of comparable quality. The fund may invest up to 10% of net assets in emerging market countries and up to 5% in any one type of these securities.

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    Details
    Average Eff Duration —
    Average Eff Maturity 6.32 Yrs
    Average Credit Quality BB
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/24/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 08/31/2008 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 37.01% 45.26% — — — 0.46%
    +/- Category -5.45% -5.60% — — — —
    +/- Barclays US Aggregate Bond TR USD — — — — 6.31% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 35.19% 28.24% 2.36% — — 0.46%
    Quarter (as of 09/30/2009) 32.70% 5.66% — — — -1.10%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/24/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/24/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 08/01/2008
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government 5.27%
    Mortgage 0.00%
    Credit 80.52%
    Foreign 6.15%
    Cash 8.52%
    Bond Quality
    AAA 12.90%
    AA 0.00%
    A 0.00%
    BBB 9.28%
    BB 18.28%
    B 43.53%
    Below B 15.13%
    Not Rated 0.88%

    Asset Allocation

    Short Long Net Assets
    Cash 0.00% 8.52% 8.52%
    Stocks 0.00% 0.00% 0.00%
    Bonds 0.00% 91.94% 91.94%
    Other 0.00% 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 0.00% 0.00% 0.00%
    Data as of 09/30/2009 Data as of 09/30/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    = US TREASURY NOTE 06/30/2013 9.12 M 9.63 M 6.04%
    + State Street Bank Repurchase Agreement — 7.63 M 7.63 M 4.79%
    = Ford Motor Credit 9.875% 08/10/2011 3.62 M 3.58 M 2.24%
    = Aquila 14.875% 07/01/2012 3.06 M 3.48 M 2.18%
    = Ispat Inland Ulc 9.75% 04/01/2014 3.11 M 3.24 M 2.03%
    = Ford Motor Credit Co 8% 06/01/2014 3.5 M 3.23 M 2.03%
    = Dyncorp Intl Llc/Div Cap 9.5% 02/15/2013 2.98 M 3.04 M 1.90%
    = Allison Transmission 144A 11% 11/01/2015 3.11 M 2.81 M 1.77%
    = BERRY PETE CO 06/01/2014 2.61 M 2.74 M 1.72%
    = VALASSIS COMMUNICATIONS 03/01/2015 3.1 M 2.73 M 1.71%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 08/31/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 01/30/2009
    Expense Ratio (based on net assets) 1.07%
    Taken from annual report dated 09/30/2008

  • Fund Management

    Steven Lee
    Start Date: 01/30/2009
    Steve Lee, FX Trading & Portfolio Manager, is responsible for FX and Derivative trading. He has been active in Global Macro strategies and FX trading since 1995. Most recently, he was a Senior Vice President and FX Trader with HSBC Bank USA. He obtained his Bachelor of Arts, Economics and Mathematics from Yale University and his MBA in Finance from New York University, Stern School of Business.
    Andrew John Stenwall
    Start Date: 12/20/2004
    Stenwall, managing director, portfolio manager, is a member of the investment team and shares responsibility for the firm’s fixed income portfolio management. As of 2008, he is a dual Rittenhouse and Nuveen Asset Management employee where he specializes in investment-grade, high-yield,mortgage, asset-backed, global fixed-income, and currency markets.
    Christian Romon
    Start Date: 12/20/2004
    Romon is managing director with Nuveen Asset Management. Prior to joining NAM in 2004, was the managing director in charge of Credit Research and Portfolio Management and the lead high yield portfolio manager for BACAP. From 1996 through 2000, he was the director of research for Bradford & Marzec, Inc. He joined the investment community as a securities research analyst for Paine Webber, Inc. in 1985.
    Emmanuel Labrinos
    Start Date: 01/29/2007
    Labrinos is a senior portfolio manager and trader of the funds’ investment team. Prior to joining in Nuveen Asset Management, Inc. in 2005, he served in a similar role at BACAP where he was a senior portfolio manager and head credit trader. During his tenure at BACAP from 1997 to 2004, he also managed a commercial mortgage backed portfolio, and was in charge of managing all intermediate and coreseparate accounts.
    Wassim Abourjeili
    Start Date: 01/30/2009
    Prior to joining NAM in 2004, Abourjeili held a similar position with BACAP. Previously, he was a senior management consultant in the Strategy Group of Deloitte Consulting, focusing on the financial services sector.