Key stats
About NuShares ETF Trust Nuveen Municipal Income ETF
Home page
Inception date
Jan 22, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Nuveen Fund Advisors LLC
Distributor
Nuveen Securities LLC
NUMI targets US municipal bonds whose distributions are exempt from regular federal income tax, not including the federal AMT. The portfolio includes obligations issued by US states and their subdivisions, authorities, instrumentalities, and corporations, as well as obligations issued by US territories. The fund invests at least 65% of its net assets in investment grade municipal bonds rated BBB/Baa or higher and up to 35% in high-yield bonds. Under normal market conditions, the fund generally maintains a weighted average maturity of greater than 10 years. The portfolio may include various types of municipal bonds, including general obligation bonds, revenue bonds, participation interests in municipal leases, and zero coupon bonds. The fund may invest without limit in municipal bonds subject to AMT. The sub-adviser uses a value-oriented strategy to identify higher-yielding and undervalued municipal bonds that offer above-average total returns.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.20%
Cash0.80%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
NUMI last dividends amounted to 0.07 USD. The month before, the issuer paid 0.08 USD in dividends, which shows a 4.29% decrease.
NUMI assets under management is 60.03 M USD. It's risen 3.37% over the last month.
NUMI fund flows account for 61.25 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, NUMI pays dividends to its holders with the dividend yield of 3.55%. The last dividend (Jun 3, 2025) amounted to 0.07 USD. The dividends are paid monthly.
NUMI shares are issued by TIAA Board of Governors under the brand Nuveen. The ETF was launched on Jan 22, 2025, and its management style is Active.
NUMI expense ratio is 0.29% meaning you'd have to pay 0.29% of your investment to help manage the fund.
NUMI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NUMI invests in bonds.
NUMI trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.