Nuveen High Yield Municipal Income
$23.87−0.05 (−0.23%)
- 0.35%
- $145M
- +0.3%
- 5.08%
- 26.2K sh
- low $22.74high $25.33
The ETF.net NHYM Grade
B
Score 61 out of 100
- 10 of 19
Score 61 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.A84 out of 100Rank 14 of 18Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D37 out of 100Rank 14 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 12 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B65 out of 100Rank 8 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
In short
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.
Stated mandate
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
Worth knowing
NHYM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
NHYM$10,034
Returns run to the Nov 2, 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 | −0.1% |
| 1 month | +3.4% |
| 3 months | −1.7% |
| 1 year | +0.3% |
| 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 | −0.1% | |
| 2025 | +3.2% |
NHYM in the news
NHYM Dividends
- 5.08%
- $1.21
- $0.09 per share
- Monthly
NHYM Risk
- 7.7%
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.
- −0.28
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.
FMP measures it over up to five years of monthly returns.
NHYM Cost
Overpaying vs FMUB, cheapest in High-Yield Municipal Bonds
$977
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
NHYM 0.35%
$7,126
FMUB 0.30% Cheapest
$6,149
Cost over time
Year by year
| Year | NHYM | FMUB | Overpaying |
|---|---|---|---|
| 10 | $634 | $545 | $89 |
| 20 | $2,454 | $2,113 | $341 |
| 30 | $7,126 | $6,149 | $977 |
Other funds in High-Yield Municipal Bonds
- BSHYMiShares Short Duration High Yield Muni Active ETFExpense ratio 0.40%1 year return +2.2%
- BIROCInvesco Rochester High Yield Municipal ETFExpense ratio 0.39%1 year return +1.6%
- BEVYMEaton Vance High Income Municipal ETFExpense ratio 0.40%1 year return +1.4%
- BFMHIFirst Trust Municipal High Income ETFExpense ratio 0.70%1 year return +0.6%
- BJMHIJPMorgan High Yield Municipal ETFExpense ratio 0.52%1 year return 0.0%
