Nuveen Strategic Municipal Opportunities Fund (NSIOX)
The investment seeks total return through income exempt from regular federal income taxes and capital appreciation. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal personal income tax. It may invest in bonds of any maturity. The fund may invest up to 20% of its net assets in taxable debt obligations, including taxable municipal bonds and U.S. Treasury securities.
Fund Info
US67065Q5743
Dec 15, 2014
$100,000
Expense Ratio
NSIOX features an expense ratio of 0.56%, 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 Strategic Municipal Opportunities Fund, 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 Strategic Municipal Opportunities Fund had a return of 0.47% year-to-date (YTD) and 5.25% in the last 12 months. Over the past 10 years, Nuveen Strategic Municipal Opportunities Fund had an annualized return of 3.16%, while the S&P 500 had an annualized return of 11.31%, indicating that Nuveen Strategic Municipal Opportunities Fund did not perform as well as the benchmark.
NSIOX
0.47%
0.98%
0.52%
5.25%
0.68%
3.16%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of NSIOX, 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 | 0.47% | 0.47% | |||||||||||
| 2024 | 0.54% | 0.66% | 0.30% | -0.70% | 0.76% | 1.87% | 0.95% | 0.86% | 0.37% | -1.21% | 1.77% | -1.22% | 5.00% |
| 2023 | 3.71% | -2.40% | 1.56% | 0.42% | -0.58% | 0.75% | 0.24% | -1.20% | -2.67% | -1.68% | 6.28% | 2.92% | 7.19% |
| 2022 | -2.71% | -0.93% | -3.45% | -3.58% | 1.40% | -4.06% | 3.97% | -2.82% | -5.30% | -1.40% | 5.11% | -1.36% | -14.61% |
| 2021 | 1.61% | -1.50% | 0.83% | 1.34% | 1.08% | 0.81% | 0.98% | -0.45% | -0.88% | -0.34% | 1.55% | -1.48% | 3.53% |
| 2020 | 2.58% | 1.98% | -7.47% | -1.64% | 3.86% | 2.35% | 1.49% | -0.40% | 0.04% | -0.40% | 2.93% | 1.54% | 6.54% |
| 2019 | 1.01% | 1.19% | 2.31% | 0.97% | 1.43% | 0.24% | 0.87% | 1.95% | -0.91% | 0.15% | 0.24% | -0.21% | 9.59% |
| 2018 | -1.25% | -0.39% | 0.59% | 0.59% | 1.53% | 0.16% | 0.45% | 0.24% | 0.05% | -0.43% | 0.44% | 1.31% | 3.31% |
| 2017 | 0.76% | 0.96% | 0.65% | 1.05% | 1.86% | 0.07% | 0.85% | 1.44% | 0.08% | 0.37% | 0.00% | 1.29% | 9.79% |
| 2016 | 1.33% | -0.04% | 1.12% | 1.40% | 0.82% | 2.32% | -0.13% | 0.51% | -0.51% | -1.91% | -5.77% | -0.10% | -1.19% |
| 2015 | 1.89% | -1.14% | 0.42% | -0.27% | -0.27% | -0.37% | 0.63% | 0.43% | 0.63% | 0.43% | 0.65% | 1.34% | 4.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NSIOX is 64, 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 Strategic Municipal Opportunities Fund (NSIOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nuveen Strategic Municipal Opportunities Fund provided a 4.32% dividend yield over the last twelve months, with an annual payout of $0.43 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.43 | $0.38 | $0.31 | $0.31 | $0.30 | $0.31 | $0.33 | $0.34 | $0.31 | $0.26 |
Dividend yield | 4.32% | 4.28% | 3.87% | 3.24% | 2.63% | 2.62% | 2.81% | 3.12% | 3.24% | 3.18% | 2.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Strategic Municipal Opportunities Fund. 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 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 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 | $0.38 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.31 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.34 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.26 |
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 Strategic Municipal Opportunities 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 Strategic Municipal Opportunities Fund was 19.56%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Nuveen Strategic Municipal Opportunities Fund drawdown is 5.01%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.56% | Aug 6, 2021 | 309 | Oct 25, 2022 | — | — | — |
| -14.68% | Mar 2, 2020 | 16 | Mar 23, 2020 | 175 | Nov 30, 2020 | 191 |
| -9.19% | Jul 7, 2016 | 107 | Dec 6, 2016 | 232 | Nov 7, 2017 | 339 |
| -2.55% | Feb 16, 2021 | 8 | Feb 25, 2021 | 47 | May 4, 2021 | 55 |
| -2.1% | Dec 7, 2017 | 55 | Feb 27, 2018 | 47 | May 4, 2018 | 102 |
Volatility
Volatility Chart
The current Nuveen Strategic Municipal Opportunities Fund volatility is 1.08%, 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.