Nuveen Taxable Municipal Income Fund (NBB)

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Nuveen Taxable Municipal Income Fund (NBB) is up 1.4% since the beginning of the year. NBB is currently trading at $15 per share. Investors who bought $1,000 worth of NBB shares 5 years ago would now be looking at an investment worth $955.

Nuveen Taxable Municipal Income Fund (NBB) has returned 1.42% so far this year and 7.94% over the past 12 months. Over the last ten years, NBB has returned 2.74% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Apr 28, 2010, NBB's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, an investment would double in approximately 12.6 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2023 with a return of +9.4%, while the worst month was Sep 2022 at -13.5%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.

On a daily basis, NBB closed higher 52% of trading days. The best single day was Mar 25, 2020 with a return of +8.3%, while the worst single day was Mar 18, 2020 at -14.7%.

Nuveen Taxable Municipal Income Fund has an annualized alpha of 4.13%, beta of 0.14, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since April 28, 2010.

• This fund participated in 28.92% of S&P 500 Index downside but only 28.81% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.14 may look defensive, but with R2 of 0.03 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.03 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

NBB has an expense ratio of 0.04%, which is considered low.

NBB ranks 11 for risk / return — in the bottom 11% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Nuveen Taxable Municipal Income Fund provided a 7.50% dividend yield over the last twelve months, with an annual payout of $1.16 per share.

The table displays the monthly dividend distributions for Nuveen Taxable Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Nuveen Taxable Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Nuveen Taxable Municipal Income Fund was 33.51%, occurring on Oct 19, 2023. The portfolio has not yet recovered.

The current Nuveen Taxable Municipal Income Fund drawdown is 7.30%.

The chart below shows the rolling one-month volatility.