NMARX Performance — Nuveen Arizona Municipal Bond Fund, Class I
Data updated: 2026-09-28
NMARX returned +1.81% year to date and +7.38% over one year to May 2026. Annualised returns are +3.95% over 3 years and +0.66% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $112, against $112 for the category, and to $107 over one year, against $107. Volatility over the past three years was 5.81% a year. In the 12 months to May 2026 the fund took in a net $14.1M, and assets reached $178.91M.
NMARX Growth of $100
What $100 invested in Nuveen Arizona Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | NMARX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $107 |
| 3 years (Jun 2023 – May 2026) | $112 | $112 |
| 5 years (Jun 2021 – May 2026) | $103 | $103 |
| Since data start (Sep 2019 – May 2026) | $110 | $109 |
NMARX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.81% |
| 1 year | +7.38% |
| 3 years (annualised) | +3.95% |
| 5 years (annualised) | +0.66% |
NMARX Annual Returns
Calendar-year total returns of Nuveen Arizona Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.81% |
| 2025 | +3.32% |
| 2024 | +2.12% |
| 2023 | +6.10% |
| 2022 | −10.39% |
| 2021 | +2.13% |
| 2020 | +5.33% |
| 2019 (Sep–Dec) | −0.21% |
NMARX 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 | +0.6% | +1.6% | −2.0% | +1.2% | +0.5% | — | — | — | — | — | — | — |
| 2025 | +0.2% | +1.0% | −1.7% | −0.8% | −0.6% | +0.6% | −0.6% | +0.9% | +2.7% | +1.3% | +0.4% | +0.1% |
| 2024 | −0.1% | +0.2% | +0.1% | −1.0% | +0.2% | +1.5% | +0.9% | +0.6% | +0.9% | −1.2% | +1.5% | −1.3% |
| 2023 | +2.9% | −2.3% | +1.8% | −0.1% | −0.8% | +0.9% | +0.2% | −1.3% | −2.9% | −1.6% | +6.9% | +2.6% |
| 2022 | −2.5% | −0.6% | −3.2% | −3.1% | +0.9% | −2.1% | +2.6% | −2.3% | −4.1% | −0.8% | +4.8% | −0.1% |
| 2021 | +0.5% | −1.7% | +0.7% | +1.0% | +0.5% | +0.5% | +0.8% | −0.4% | −0.8% | −0.1% | +1.0% | +0.2% |
| 2020 | +1.9% | +1.3% | −3.9% | −1.9% | +3.5% | +1.0% | +1.7% | −0.4% | −0.1% | −0.2% | +1.8% | +0.7% |
| 2019 | — | — | — | — | — | — | — | — | −0.7% | +0.1% | +0.1% | +0.2% |
NMARX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.81%
- 3-year Sharpe ratio: -0.09 (vs 4.5% risk-free rate)
- Best month: +6.89% (Nov 2023)
- Worst month: −2.88% (Sep 2023)
NMARX Fund Flows
Monthly money in and out of Nuveen Arizona Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $14.1M
- 12-month gross sales (incl. reinvestments): $50.8M
- Sales ÷ redemptions: 1.38×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $1.7M | $1.9M | −$118K |
| Apr 2026 | $4.6M | $2.5M | $2.0M |
| Mar 2026 | $2.4M | $2.0M | $335K |
| Feb 2026 | $6.2M | $2.2M | $4.0M |
| Jan 2026 | $3.3M | $2.7M | $583K |
| Dec 2025 | $6.2M | $3.5M | $2.6M |
| Nov 2025 | $3.2M | $3.9M | −$704K |
| Oct 2025 | $2.6M | $2.3M | $242K |
| Sep 2025 | $5.1M | $3.2M | $2.0M |
| Aug 2025 | $4.4M | $4.2M | $225K |
| Jul 2025 | $6.1M | $5.1M | $970K |
| Jun 2025 | $5.0M | $3.1M | $1.9M |
NMARX Assets Under Management
Net assets of Nuveen Arizona Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $178.91M |
| 2026-02-28 | $178.62M |
| 2025-11-30 | $169.01M |
| 2025-08-31 | $161.72M |
| 2025-05-31 | $158.73M |
| 2025-02-28 | $168.52M |
| 2024-11-30 | $175.71M |
| 2024-08-31 | $169.42M |
| 2024-05-31 | $157.27M |
| 2024-02-29 | $155.93M |
| 2023-11-30 | $147.29M |
| 2023-08-31 | $173.33M |
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.