Nuveen Municipal Income

Frequently Asked Questions About NUMI

What does NUMI invest in?

This actively managed fund primarily invests in high-quality, long-term municipal bonds, typically maintaining an average maturity exceeding ten years. A substantial team of credit experts diligently searches for value by exploiting inefficiencies within the municipal bond market, aiming to deliver the highest possible level of tax-exempt income and capital growth to investors.

What is the expense ratio of NUMI?

Nuveen Municipal Income (NUMI) charges an expense ratio of 0.29%. This is the annual fee deducted from fund assets to cover management and operations.

What is NUMI's dividend yield?

NUMI's trailing-twelve-month yield is 3.68%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NUMI?

Effective duration measures NUMI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NUMI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NUMI?

NUMI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of NUMI?

Yield to maturity (YTM) is the total return you'd earn from NUMI if every bond in the portfolio is held to maturity at the current price. NUMI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.