NAAEX Performance — Nuveen Short Term Municipal Bond Fund, Class C
Data updated: 2026-08-27
NAAEX returned +0.66% year to date and +1.82% over one year to Jun 2026. Annualised returns are +2.24% over 3 years and +0.51% over 5 years. The fund trailed its Short-Term Municipal Bond category average: $100 invested three years ago grew to $107, against $111 for the category, and to $102 over one year, against $104. Volatility over the past three years was 1.50% a year. In the 12 months to Jun 2026 the fund took in a net $21.4M, and assets reached $422.81M.
NAAEX Growth of $100
What $100 invested in Nuveen Short Term Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | NAAEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $102 | $104 |
| 3 years (Jul 2023 – Jun 2026) | $107 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $103 | $108 |
| Since data start (Jul 2019 – Jun 2026) | $104 | $113 |
NAAEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.66% |
| 1 year | +1.82% |
| 3 years (annualised) | +2.24% |
| 5 years (annualised) | +0.51% |
NAAEX Annual Returns
Calendar-year total returns of Nuveen Short Term Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +0.66% |
| 2025 | +2.55% |
| 2024 | +1.74% |
| 2023 | +2.28% |
| 2022 | −3.92% |
| 2021 | −0.75% |
| 2020 | +1.19% |
| 2019 (Jul–Dec) | +0.57% |
NAAEX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | +0.4% | −0.6% | +0.1% | +0.2% | +0.3% | — | — | — | — | — | — |
| 2025 | +0.5% | +0.4% | −0.1% | −0.2% | +0.4% | +0.5% | +0.4% | +0.4% | +0.1% | −0.1% | +0.2% | +0.3% |
| 2024 | −0.1% | +0.2% | −0.1% | −0.3% | +0.2% | +0.6% | +0.6% | +0.6% | +0.3% | −0.3% | +0.4% | −0.2% |
| 2023 | +1.0% | −1.2% | +1.1% | −0.3% | −0.4% | +0.4% | +0.1% | −0.1% | −0.7% | 0.0% | +1.8% | +0.7% |
| 2022 | −1.4% | −0.4% | −1.3% | −0.9% | +0.7% | −0.3% | +0.8% | −1.2% | −1.3% | −0.1% | +1.4% | 0.0% |
| 2021 | +0.1% | −0.5% | 0.0% | +0.2% | −0.1% | 0.0% | +0.2% | −0.2% | −0.4% | −0.1% | 0.0% | −0.1% |
| 2020 | +0.6% | +0.4% | −2.1% | −0.1% | +1.4% | +0.5% | +0.4% | −0.1% | 0.0% | −0.2% | +0.2% | +0.2% |
| 2019 | — | — | — | — | — | — | +0.4% | +0.3% | −0.4% | +0.2% | +0.2% | +0.1% |
NAAEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 1.50%
- 3-year Sharpe ratio: -1.50 (vs 4.5% risk-free rate)
- Best month: +1.81% (Nov 2023)
- Worst month: −0.71% (Sep 2023)
NAAEX Fund Flows
Monthly money in and out of Nuveen Short Term Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $21.4M
- 12-month gross sales (incl. reinvestments): $199.1M
- Sales ÷ redemptions: 1.12×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $7.3M | $12.2M | −$5.0M |
| May 2026 | $11.7M | $9.1M | $2.6M |
| Apr 2026 | $18.6M | $16.7M | $1.9M |
| Mar 2026 | $10.0M | $13.2M | −$3.2M |
| Feb 2026 | $8.4M | $14.8M | −$6.4M |
| Jan 2026 | $16.7M | $15.4M | $1.3M |
| Dec 2025 | $27.8M | $15.7M | $12.1M |
| Nov 2025 | $7.9M | $37.6M | −$29.6M |
| Oct 2025 | $19.8M | $11.3M | $8.5M |
| Sep 2025 | $20.9M | $9.8M | $11.1M |
| Aug 2025 | $17.4M | $9.8M | $7.7M |
| Jul 2025 | $32.5M | $12.0M | $20.5M |
NAAEX Assets Under Management
Net assets of Nuveen Short Term Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $422.81M |
| 2026-03-31 | $423.17M |
| 2025-12-31 | $432.72M |
| 2025-09-30 | $443.14M |
| 2025-06-30 | $402.63M |
| 2025-03-31 | $412.46M |
| 2024-12-31 | $404.58M |
| 2024-09-30 | $423.88M |
| 2024-06-30 | $417.72M |
| 2024-03-31 | $495.54M |
| 2023-12-31 | $530.53M |
| 2023-09-30 | $535.00M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.