Nuveen Dynamic Municipal Opportunities Fund (NDMO) Total Return Calculator
$10,000 since Aug 2020, with and without reinvesting · data through Oct 2026
Since Aug 2020, $10,000 became $9,286 reinvested (-1.2% a year), or $9,306 taking the dividends as cash, $3,227 of it paid out along the way.
NDMO became
$9,286
S&P 500: $23,551
Return a year
-1.2%
S&P 500: 14.9%
Payouts reinvested
$3,938
bought more shares
Worst drop
-40.6%
S&P 500: -23.9%
$10,000, Aug 2020 to Oct 2026
Payouts reinvested · S&P 500 reinvested
| Year | NDMO total return | Paid out | S&P 500 |
|---|---|---|---|
| 2026 (part) | −2.6% | $590 | +11.7% |
| 2025 | +8.2% | $681 | +17.7% |
| 2024 | +8.3% | $625 | +24.9% |
| 2023 | +7.3% | $602 | +26.2% |
| 2022 | −35.5% | $656 | −18.2% |
| 2021 | +12.1% | $625 | +28.7% |
| 2020 (part) | +4.9% | $159 | +7.9% |
"Paid out" is what your holding received that year. Month-end prices; no costs or taxes.
Key facts: NDMO total return
Data as of · Source: SmarterDividends data
- $10,000 invested in Nuveen Dynamic Municipal Opportunities Fund (NDMO) at the end of Aug 2020, with dividends reinvested, was worth $9,286 at the end of Oct 2026: -1.2% a year, against $23,551 (14.9% a year) in the S&P 500.
- Over the 5 years to Oct 2026, NDMO returned -3.2% a year with dividends reinvested (S&P 500: 12.0%).
- Taking NDMO's dividends as cash instead of reinvesting them, the same $10,000 ended at $9,306, including $3,227 of cash received; reinvesting added $0.
- NDMO's best calendar year in that time was 2021 (12.1%) and its worst 2022 (-35.5%), with dividends reinvested.
Cite this page
SmarterDividends, "Nuveen Dynamic Municipal Opportunities Fund (NDMO) Total Return Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/NDMO/total-return
NDMO total return questions
What is NDMO's total return since Aug 2020?
-7% in total, or -1.2% a year, through Oct 2026 with dividends reinvested. The share price alone fell 39%.
What was NDMO's worst year?
2022, at -35.5% with dividends reinvested (S&P 500: -18.2%). Its deepest fall from a peak, on month-end values, was -40.6%.
How is total return calculated here?
From month-end prices: the adjusted price counts every dividend reinvested in the month it was paid; the plain price doesn't. The S&P 500 is SPY with its dividends reinvested. No trading costs or taxes.