NBQAX seeks appreciation of capital for the long run. Nuveen International Growth A has three-year annualized returns of 5.7%. NBQAX has an expense ratio of 1.14% as compared to the category average of 1.16%. Nuveen High Yield Municipal Bond A NHMAX seeks a high level of tax-exempted current income. NHMAX invests a huge chunk of its assets in debt securities issued by municipal bodies that are expected to provide returns free from regular federal personal income tax. Moreover, NHMAX may invest in long-term municipal debt securities that are rated below investment grade.