Nuveen Municipal High Income Opportunity Fund (NMZ) Total Return Calculator
$10,000 since Dec 2007, with and without reinvesting · data through Oct 2026
$10,000 invested in Nuveen Municipal High Income Opportunity Fund (NMZ) ten years ago, at the end of Oct 2016, was worth $12,096 at the end of Oct 2026 with every dividend reinvested: 1.9% a year, against $41,633 in the S&P 500. Since Dec 2007, $10,000 became $20,776 reinvested (4.0% a year), or $16,344 taking the dividends as cash, $10,450 of it paid out along the way.
NMZ became
$20,776
S&P 500: $72,756
Return a year
4.0%
S&P 500: 11.1%
Payouts reinvested
$20,543
bought more shares
Worst drop
-38.5%
S&P 500: -48.2%
$10,000, Dec 2007 to Oct 2026
Payouts reinvested · S&P 500 reinvested
| Year | NMZ total return | Paid out | S&P 500 |
|---|---|---|---|
| 2026 (part) | −7.5% | $1,480 | +11.7% |
| 2025 | +1.6% | $1,680 | +17.7% |
| 2024 | +16.5% | $1,347 | +24.9% |
| 2023 | +0.6% | $979 | +26.2% |
| 2022 | −27.3% | $1,288 | −18.2% |
| 2021 | +10.4% | $1,285 | +28.7% |
| 2020 | +7.3% | $1,155 | +18.3% |
| 2019 | +28.4% | $1,080 | +31.2% |
| 2018 | −9.5% | $1,011 | −4.6% |
| 2017 | +12.8% | $1,082 | +21.7% |
| 2016 | −1.3% | $1,121 | +12.0% |
| 2015 | +10.4% | $1,102 | +1.2% |
| 2014 | +19.7% | $995 | +13.5% |
| 2013 | −8.7% | $901 | +32.3% |
| 2012 | +24.4% | $869 | +16.0% |
| 2011 | +14.6% | $844 | +1.9% |
| 2010 | −1.6% | $829 | +15.1% |
| 2009 | +52.3% | $761 | +26.4% |
| 2008 | −34.4% | $736 | −36.8% |
"Paid out" is what your holding received that year. Month-end prices; no costs or taxes.
Key facts: NMZ total return
Data as of · Source: SmarterDividends data
- $10,000 invested in Nuveen Municipal High Income Opportunity Fund (NMZ) at the end of Dec 2007, with dividends reinvested, was worth $20,776 at the end of Oct 2026: 4.0% a year, against $72,756 (11.1% a year) in the S&P 500.
- Over the 10 years to Oct 2026, NMZ turned $10,000 into $12,096 with dividends reinvested, 1.9% a year.
- Over the 5 years to Oct 2026, NMZ returned -3.7% a year with dividends reinvested (S&P 500: 12.0%).
- Taking NMZ's dividends as cash instead of reinvesting them, the same $10,000 ended at $16,344, including $10,450 of cash received; reinvesting added $4,432.
- NMZ's best calendar year in that time was 2009 (52.3%) and its worst 2008 (-34.4%), with dividends reinvested.
Cite this page
SmarterDividends, "Nuveen Municipal High Income Opportunity Fund (NMZ) Total Return Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/NMZ/total-return
NMZ total return questions
If I invested $10,000 in NMZ 10 years ago, how much would I have?
About $12,096 at the end of Oct 2026, with every dividend reinvested: 1.9% a year. Taking them as cash, you'd have shares worth $6,629 or so plus the cash you received. The same $10,000 in the S&P 500 became $41,633.
What is NMZ's total return since Dec 2007?
108% in total, or 4.0% a year, through Oct 2026 with dividends reinvested. The share price alone fell 41%.
How much of NMZ's return came from dividends?
About 100% of its yearly return since Dec 2007. Reinvesting them, rather than taking cash, left you $4,432 better off on a $10,000 start.
What was NMZ's worst year?
2008, at -34.4% with dividends reinvested (S&P 500: -36.8%). Its deepest fall from a peak, on month-end values, was -38.5%.
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.