Nuveen High Yield Municipal Income
$23.12+0.13 (+0.57%)
- 0.35%
- $132M
- −2.8%
- 4.85%
- 0M sh
- $22.99
- low $22.74high $25.33
The ETF.net NHYM Grade
B
Score 63 out of 100
- 9 of 19
Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B67 out of 100Rank 6 of 19Mission
Whether the fund did what it promised, tested against its stated mandate.A87 out of 100Rank 11 of 18Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D34 out of 100Rank 16 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C51 out of 100Rank 10 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A73 out of 100Rank 5 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D25 out of 100Rank 17 of 19
Our read on NHYM
BMost muni ETFs track an index of investment-grade paper. NHYM goes the other way: an actively run portfolio built mainly from non-investment-grade and unrated munis, reaching for tax-free income in the corner indexers skip.
The Fund seeks high current income that is exempt from regular federal income tax. Capital appreciation is secondary when consistent with that primary aim.
Why people hold it
- Active out of necessity. Unrated munis have no clean index to copy, so the portfolio is built bond by bond by Nuveen's own credit analysts, the fund's stated edge.nuveen.com
- Pays monthly, and the stated primary objective is high current income exempt from regular federal income tax, with capital appreciation a secondary aim.nuveen.com
- About 300 positions spread the credit work across many small issuers rather than betting the portfolio on a handful of names.
Worth knowing
- The issuer flags what the mandate implies: non-investment-grade and unrated bonds with long maturities carry credit risk and real interest-rate sensitivity.documents.nuveen.com
- 0.35% a year sits a touch above the muni cohort's median fee. That's the toll for active credit selection instead of index replication.
- Launched in 2025 and still far smaller and thinner-traded than the muni index heavyweights (VTEB, MUB), which can show up as wider bid-ask spreads.
NHYM Holdings
- Bonds
- 271
- 17%
- GVMXX
Sectors
- Financials100.0%
NHYM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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NHYM$9,716
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | NHYM |
|---|---|
| Year to date | −4.0% |
| 1 month | −3.5% |
| 3 months | −6.8% |
| 1 year | −2.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NHYM |
|---|---|---|
| 2026 YTD | −4.0% | |
| 2025 | +3.2% |
NHYM in the news
NHYM Dividends
- 4.85%
- $1.12
- $0.09 per share
- Monthly
Distribution history
NHYM Risk
- 7.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.63
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −7.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NHYM Cost
0.35%
NHYM0.35%
- The middle half of High-Yield Municipal Bonds funds
- Median 0.40%
5 of the 19 High-Yield Municipal Bonds funds charge less.
Other funds in High-Yield Municipal Bonds
- BFTMHFranklin Municipal High Yield ETFExpense ratio 0.35%1 year return —
- BFMHIFirst Trust Municipal High Income ETFExpense ratio 0.49%1 year return −2.3%
- BIROCInvesco Rochester High Yield Municipal ETFExpense ratio 0.40%1 year return −0.9%
- BSHYMiShares Short Duration High Yield Muni Active ETFExpense ratio 0.42%1 year return +1.0%
- BEVYMEaton Vance High Income Municipal ETFExpense ratio 0.40%1 year return −1.2%