Nuveen Municipal Income Fund, Inc. (NMI)
The Fund aims to achieve a high level of current income that is exempt from federal income tax by investing primarily in municipal securities, including below-investment grade and unrated securities.
Fund Info
US67062J1025
67062J102
Apr 20, 1998
Expense Ratio
NMI features an expense ratio of 0.72%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nuveen Municipal Income Fund, Inc., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Nuveen Municipal Income Fund, Inc. had a return of 4.97% year-to-date (YTD) and 10.44% in the last 12 months. Over the past 10 years, Nuveen Municipal Income Fund, Inc. had an annualized return of 2.17%, while the S&P 500 had an annualized return of 11.29%, indicating that Nuveen Municipal Income Fund, Inc. did not perform as well as the benchmark.
NMI
4.97%
1.53%
-1.27%
10.44%
0.51%
2.17%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of NMI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.88% | 4.97% | |||||||||||
| 2024 | 2.75% | -1.86% | 3.00% | -2.80% | 1.37% | 6.52% | 3.08% | 1.65% | -1.20% | -3.22% | 0.19% | -2.20% | 7.03% |
| 2023 | 5.75% | -3.43% | -1.57% | 0.85% | 2.85% | -1.93% | 4.81% | -6.07% | -6.39% | -2.55% | 5.65% | 5.06% | 1.93% |
| 2022 | -5.61% | -3.46% | -3.23% | -5.72% | 3.36% | -4.37% | 3.22% | -2.44% | -5.96% | -1.50% | 6.80% | 3.87% | -14.98% |
| 2021 | 1.18% | -1.72% | 1.80% | 1.43% | 0.81% | 2.09% | 0.84% | 0.00% | 1.35% | -2.69% | 3.68% | -4.67% | 3.86% |
| 2020 | 3.47% | -1.11% | -1.15% | -8.91% | 2.57% | 2.41% | 6.76% | 2.88% | 1.95% | -4.60% | 1.80% | -0.50% | 4.75% |
| 2019 | 5.10% | 1.75% | 1.54% | 1.81% | 1.51% | 0.77% | 2.02% | 0.58% | 0.67% | -1.17% | -0.92% | 1.40% | 15.97% |
| 2018 | -3.53% | -0.82% | 6.26% | -3.37% | 2.05% | -0.73% | -1.37% | -2.15% | -5.29% | -0.82% | 1.51% | 0.39% | -8.04% |
| 2017 | 3.67% | 1.40% | 4.82% | 0.98% | -3.41% | -0.75% | 1.55% | -1.08% | -1.02% | -0.34% | 0.18% | 1.55% | 7.52% |
| 2016 | -0.25% | 7.75% | -2.73% | -0.30% | 2.61% | 4.62% | -2.57% | -1.08% | 1.46% | -3.78% | -7.96% | 0.66% | -2.46% |
| 2015 | 4.15% | -3.05% | -0.40% | 3.07% | -1.21% | -7.58% | -1.35% | -1.74% | 1.34% | 3.48% | -0.79% | 10.20% | 5.19% |
| 2014 | 11.48% | 0.15% | 0.23% | 3.35% | -1.09% | -2.51% | 0.86% | 0.41% | -0.51% | 3.41% | 1.35% | 4.90% | 23.53% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NMI is 54, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nuveen Municipal Income Fund, Inc. (NMI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuveen Municipal Income Fund, Inc. provided a 4.53% dividend yield over the last twelve months, with an annual payout of $0.44 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.44 | $0.37 | $0.35 | $0.37 | $0.40 | $0.47 | $0.52 | $0.49 | $0.51 | $0.52 | $0.54 |
Dividend yield | 4.53% | 4.63% | 4.07% | 3.67% | 3.23% | 3.53% | 4.15% | 5.12% | 4.26% | 4.50% | 4.32% | 4.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Municipal Income Fund, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.04 | $0.08 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2022 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2020 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.47 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.11 | $0.52 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.52 |
| 2014 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.54 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Nuveen Municipal Income Fund, Inc.. 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 Municipal Income Fund, Inc. was 28.82%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Nuveen Municipal Income Fund, Inc. drawdown is 8.84%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.82% | Dec 22, 2021 | 211 | Oct 24, 2022 | — | — | — |
| -22.55% | Mar 14, 2013 | 110 | Aug 19, 2013 | 332 | Dec 11, 2014 | 442 |
| -20.89% | Jun 2, 2008 | 92 | Oct 9, 2008 | 136 | Apr 27, 2009 | 228 |
| -19.99% | Mar 6, 2020 | 9 | Mar 18, 2020 | 8 | Mar 30, 2020 | 17 |
| -19.21% | Oct 13, 1993 | 261 | Nov 1, 1994 | 267 | Nov 29, 1995 | 528 |
Volatility
Volatility Chart
The current Nuveen Municipal Income Fund, Inc. volatility is 2.75%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.