Nuveen Municipal Credit Income Fund (NZF) Total Return Calculator
$10,000 since Dec 2007, with and without reinvesting · data through Oct 2026
$10,000 invested in Nuveen Municipal Credit Income Fund (NZF) ten years ago, at the end of Oct 2016, was worth $13,727 at the end of Oct 2026 with every dividend reinvested: 3.2% a year, against $41,633 in the S&P 500. Since Dec 2007, $10,000 became $26,161 reinvested (5.2% a year), or $19,930 taking the dividends as cash, $11,531 of it paid out along the way.
NZF became
$26,161
S&P 500: $72,756
Return a year
5.2%
S&P 500: 11.1%
Payouts reinvested
$21,240
bought more shares
Worst drop
-35.6%
S&P 500: -48.2%
$10,000, Dec 2007 to Oct 2026
Payouts reinvested · S&P 500 reinvested
| Year | NZF total return | Paid out | S&P 500 |
|---|---|---|---|
| 2026 (part) | −3.5% | $1,758 | +11.7% |
| 2025 | +11.8% | $1,984 | +17.7% |
| 2024 | +10.1% | $1,610 | +24.9% |
| 2023 | +2.5% | $962 | +26.2% |
| 2022 | −25.5% | $1,214 | −18.2% |
| 2021 | +11.2% | $1,294 | +28.7% |
| 2020 | +3.6% | $1,188 | +18.3% |
| 2019 | +28.2% | $1,167 | +31.2% |
| 2018 | −7.2% | $1,047 | −4.6% |
| 2017 | +14.5% | $1,209 | +21.7% |
| 2016 | +4.4% | $1,120 | +12.0% |
| 2015 | +10.4% | $951 | +1.2% |
| 2014 | +17.8% | $832 | +13.5% |
| 2013 | −13.6% | $769 | +32.3% |
| 2012 | +9.1% | $956 | +16.0% |
| 2011 | +19.3% | $967 | +1.9% |
| 2010 | +5.9% | $861 | +15.1% |
| 2009 | +44.3% | $762 | +26.4% |
| 2008 | −21.1% | $587 | −36.8% |
"Paid out" is what your holding received that year. Month-end prices; no costs or taxes.
Key facts: NZF total return
Data as of · Source: SmarterDividends data
- $10,000 invested in Nuveen Municipal Credit Income Fund (NZF) at the end of Dec 2007, with dividends reinvested, was worth $26,161 at the end of Oct 2026: 5.2% a year, against $72,756 (11.1% a year) in the S&P 500.
- Over the 10 years to Oct 2026, NZF turned $10,000 into $13,727 with dividends reinvested, 3.2% a year.
- Over the 5 years to Oct 2026, NZF returned -1.4% a year with dividends reinvested (S&P 500: 12.0%).
- Taking NZF's dividends as cash instead of reinvesting them, the same $10,000 ended at $19,930, including $11,531 of cash received; reinvesting added $6,231.
- NZF's best calendar year in that time was 2009 (44.3%) and its worst 2022 (-25.5%), with dividends reinvested.
Cite this page
SmarterDividends, "Nuveen Municipal Credit Income Fund (NZF) Total Return Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/NZF/total-return
NZF total return questions
If I invested $10,000 in NZF 10 years ago, how much would I have?
About $13,727 at the end of Oct 2026, with every dividend reinvested: 3.2% a year. Taking them as cash, you'd have shares worth $7,679 or so plus the cash you received. The same $10,000 in the S&P 500 became $41,633.
What is NZF's total return since Dec 2007?
162% in total, or 5.2% a year, through Oct 2026 with dividends reinvested. The share price alone fell 16%.
How much of NZF's return came from dividends?
About 100% of its yearly return since Dec 2007. Reinvesting them, rather than taking cash, left you $6,231 better off on a $10,000 start.
What was NZF's worst year?
2022, at -25.5% with dividends reinvested (S&P 500: -18.2%). Its deepest fall from a peak, on month-end values, was -35.6%.
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.