Nuveen Municipal Income Fund (NMI) Total Return Calculator
$10,000 since Dec 2007, with and without reinvesting · data through Oct 2026
$10,000 invested in Nuveen Municipal Income Fund (NMI) ten years ago, at the end of Oct 2016, was worth $11,704 at the end of Oct 2026 with every dividend reinvested: 1.6% a year, against $41,633 in the S&P 500. Since Dec 2007, $10,000 became $21,208 reinvested (4.1% a year), or $17,898 taking the dividends as cash, $8,782 of it paid out along the way.
NMI became
$21,208
S&P 500: $72,756
Return a year
4.1%
S&P 500: 11.1%
Payouts reinvested
$13,669
bought more shares
Worst drop
-27.0%
S&P 500: -48.2%
$10,000, Dec 2007 to Oct 2026
Payouts reinvested · S&P 500 reinvested
| Year | NMI total return | Paid out | S&P 500 |
|---|---|---|---|
| 2026 (part) | −0.9% | $829 | +11.7% |
| 2025 | +10.5% | $960 | +17.7% |
| 2024 | +7.0% | $879 | +24.9% |
| 2023 | +1.9% | $718 | +26.2% |
| 2022 | −15.1% | $611 | −18.2% |
| 2021 | +3.9% | $671 | +28.7% |
| 2020 | +4.7% | $697 | +18.3% |
| 2019 | +16.1% | $790 | +31.2% |
| 2018 | −8.1% | $819 | −4.6% |
| 2017 | +7.5% | $740 | +21.7% |
| 2016 | −2.5% | $731 | +12.0% |
| 2015 | +5.1% | $711 | +1.2% |
| 2014 | +23.6% | $748 | +13.5% |
| 2013 | −12.2% | $722 | +32.3% |
| 2012 | +10.5% | $695 | +16.0% |
| 2011 | +18.2% | $662 | +1.9% |
| 2010 | −1.0% | $627 | +15.1% |
| 2009 | +21.4% | $564 | +26.4% |
| 2008 | −4.0% | $495 | −36.8% |
"Paid out" is what your holding received that year. Month-end prices; no costs or taxes.
Key facts: NMI total return
Data as of · Source: SmarterDividends data
- $10,000 invested in Nuveen Municipal Income Fund (NMI) at the end of Dec 2007, with dividends reinvested, was worth $21,208 at the end of Oct 2026: 4.1% a year, against $72,756 (11.1% a year) in the S&P 500.
- Over the 10 years to Oct 2026, NMI turned $10,000 into $11,704 with dividends reinvested, 1.6% a year.
- Over the 5 years to Oct 2026, NMI returned 0.0% a year with dividends reinvested (S&P 500: 12.0%).
- Taking NMI's dividends as cash instead of reinvesting them, the same $10,000 ended at $17,898, including $8,782 of cash received; reinvesting added $3,310.
- NMI's best calendar year in that time was 2014 (23.6%) and its worst 2022 (-15.1%), with dividends reinvested.
Cite this page
SmarterDividends, "Nuveen Municipal Income Fund (NMI) Total Return Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/NMI/total-return
NMI total return questions
If I invested $10,000 in NMI 10 years ago, how much would I have?
About $11,704 at the end of Oct 2026, with every dividend reinvested: 1.6% a year. Taking them as cash, you'd have shares worth $7,770 or so plus the cash you received. The same $10,000 in the S&P 500 became $41,633.
What is NMI's total return since Dec 2007?
112% in total, or 4.1% a year, through Oct 2026 with dividends reinvested. The share price alone fell 9%.
How much of NMI's return came from dividends?
About 100% of its yearly return since Dec 2007. Reinvesting them, rather than taking cash, left you $3,310 better off on a $10,000 start.
What was NMI's worst year?
2022, at -15.1% with dividends reinvested (S&P 500: -18.2%). Its deepest fall from a peak, on month-end values, was -27.0%.
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.