Nuveen High Yield Municipal Income
$23.64−0.14 (−0.61%)
- Expense ratio
- 0.35%
- Fund size
- $134M
- 1Y return
- +0.9%
- Yield · Last 12 months
- 4.75%
- Holdings
- 266
- Volume · 30D
- 0M sh
- NAV per share
- $23.89
- 52W range
The ETF.net NHYM Grade
Score 64 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 64Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 84Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 61Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 43Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 71Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 27Category rank
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
- 266
- 13%
- NY LIBERT 5.% 11/15/44
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.
Returns run to the Sep 22, 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 | −1.2% |
| 1 month | −3.1% |
| 3 months | −3.9% |
| 1 year | +0.9% |
| 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 | −1.2% | |
| 2025 | +3.2% |
NHYM in the news
ETF.net Research hasn’t filed on NHYM yet — coverage lands here as it’s written.
NHYM Dividends
- 4.75%
- $1.13
- $0.09 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 2, 2026 | $0.09 |
| Aug 3, 2026 | Aug 4, 2026 | $0.10 |
| Jul 1, 2026 | Jul 2, 2026 | $0.09 |
| Jun 1, 2026 | Jun 2, 2026 | $0.09 |
| May 1, 2026 | May 4, 2026 | $0.08 |
| Apr 1, 2026 | Apr 2, 2026 | $0.09 |
| Mar 2, 2026 | Mar 3, 2026 | $0.09 |
| Feb 2, 2026 | Feb 3, 2026 | $0.08 |
| Dec 18, 2025 | Dec 19, 2025 | $0.11 |
| Dec 1, 2025 | Dec 2, 2025 | $0.09 |
| Nov 3, 2025 | Nov 4, 2025 | $0.10 |
| Oct 1, 2025 | Oct 2, 2025 | $0.10 |
NHYM Risk
- 5.5%
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.
- −0.16
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.
- −6.1%
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
- The middle half of High-Yield Municipal Bonds funds
- Median 0.40%
5 of the 19 High-Yield Municipal Bonds funds charge less.