Nuveen Municipal Income
$23.72−0.36 (−1.49%)
- Expense ratio
- 0.30%
- Fund size
- $84M
- 1Y return
- +0.4%
- Yield · Last 12 months
- 3.63%
- Holdings
- 285
- Volume · 30D
- 0M sh
- NAV per share
- $24.07
- 52W range
The ETF.net NUMI Grade
Score 58 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.CScore 51Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 72Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 55Category 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 80Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 42Category rank
Our read on NUMI
BNuveen put its veteran muni desk into an ETF in 2025: actively run, deliberately long-maturity, and free to lean up to 35% into high-yield municipals while index rivals stay plain investment grade.
The Fund invests at least 80% of its net assets in municipal securities whose interest is exempt from federal income taxes.
Why people hold it
- Active muni management at 0.29%, just under the typical fee in its peer group.
- At least 80% of net assets sit in municipal bonds paying interest exempt from federal income tax, and the fund distributes monthly.
- Primarily investment grade (65% floor) with room for up to 35% in below-investment-grade munis, so credit picking, not just index weight, drives the portfolio.nuveen.commutualfunds.com
- Roughly 300 bonds spread the single-issuer risk that comes with buying munis one CUSIP at a time.
Worth knowing
- A long-term bond fund by mandate: weighted average maturity above 10 years means sharper price moves when rates shift.nuveen.commutualfunds.com
- Index heavyweights VTEB, SCMB and MUB run for a few basis points, so this fee buys active credit work rather than the cheapest muni beta.
- Launched in 2025, still modest in size and thinly traded, which can widen spreads at the open and close.
NUMI Holdings
- Bonds
- 285
- 10%
- ADAMS CO 5.5% 12/01/44
Sectors
- Financials100.0%
NUMI 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 | NUMI |
|---|---|
| Year to date | −1.6% |
| 1 month | −2.0% |
| 3 months | −3.1% |
| 1 year | +0.4% |
| 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 | NUMI |
|---|---|---|
| 2026 YTD | −1.6% | |
| 2025 | +3.8% |
NUMI in the news
ETF.net Research hasn’t filed on NUMI yet — coverage lands here as it’s written.
NUMI Dividends
- 3.63%
- $0.88
- $0.07 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 2, 2026 | $0.07 |
| Aug 3, 2026 | Aug 4, 2026 | $0.07 |
| Jul 1, 2026 | Jul 2, 2026 | $0.07 |
| Jun 1, 2026 | Jun 2, 2026 | $0.07 |
| May 1, 2026 | May 4, 2026 | $0.07 |
| Apr 1, 2026 | Apr 2, 2026 | $0.07 |
| Mar 2, 2026 | Mar 3, 2026 | $0.06 |
| Feb 2, 2026 | Feb 3, 2026 | $0.07 |
| Dec 18, 2025 | Dec 19, 2025 | $0.08 |
| Dec 1, 2025 | Dec 2, 2025 | $0.07 |
| Nov 3, 2025 | Nov 4, 2025 | $0.08 |
| Oct 1, 2025 | Oct 2, 2025 | $0.09 |
NUMI Risk
- 4.5%
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.
- −0.36
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.
- −4.7%
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.
- 0.16
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NUMI Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
29 of the 62 Other Municipal Bond funds charge less.