NUMI

Nuveen Municipal Income ETF

$25.07

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Nuveen Municipal Income ETF (NUMI) seeks to provide current income that is generally exempt from regular federal income tax by investing primarily in municipal bonds.

Overview

ETF tracking Nuveen Municipal Income ETF

Category Municipal Bonds

Issuer Other

Inception Date 2025-01-23

Market Cap $64.6M

Average Volume N/A

Dividend Yield 2.82%

52-Week Range $24.04 - $25.36

VWAP $25.12

Performance

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Investment Summary

📎 Investment Objective

The Nuveen Municipal Income ETF (NUMI) seeks to provide current income that is generally exempt from regular federal income tax by investing primarily in municipal bonds.

🎯 Investment Strategy

The fund invests in a diversified portfolio of municipal bonds, focusing on investment-grade securities. The portfolio is actively managed, with the goal of generating tax-exempt income while managing interest rate and credit risk.

✨ Key Features

Invests in a broad range of municipal bonds, including general obligation and revenue bonds
Actively managed to balance income generation and risk management
Seeks to provide tax-exempt income for investors in higher tax brackets
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline when interest rates rise
Credit risk: The risk of default or downgrade by the issuer of the municipal bonds
Liquidity risk: Municipal bonds may be less liquid than other fixed-income securities
Concentration risk: The fund's focus on municipal bonds exposes it to risks specific to that sector

👤 Best For

The Nuveen Municipal Income ETF may be suitable for investors seeking tax-exempt income, particularly those in higher tax brackets, who have a moderate risk tolerance and a medium-term investment horizon.