NMVAX Performance — Nuveen Virginia Municipal Bond Fund, Class I
Data updated: 2026-09-28
NMVAX returned +1.93% year to date and +7.60% over one year to May 2026. Annualised returns are +3.97% over 3 years and +0.64% 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 $108 over one year, against $107. Volatility over the past three years was 6.14% a year. In the 12 months to May 2026 the fund took in a net $37.8M, and assets reached $572.40M.
NMVAX Growth of $100
What $100 invested in Nuveen Virginia 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 | NMVAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $107 |
| 3 years (Jun 2023 – May 2026) | $112 | $112 |
| 5 years (Jun 2021 – May 2026) | $103 | $103 |
| Since data start (Sep 2019 – May 2026) | $109 | $109 |
NMVAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.93% |
| 1 year | +7.60% |
| 3 years (annualised) | +3.97% |
| 5 years (annualised) | +0.64% |
NMVAX Annual Returns
Calendar-year total returns of Nuveen Virginia Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.93% |
| 2025 | +3.00% |
| 2024 | +2.31% |
| 2023 | +6.92% |
| 2022 | −10.85% |
| 2021 | +1.74% |
| 2020 | +5.12% |
| 2019 (Sep–Dec) | −0.21% |
NMVAX 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% | +1.4% | −2.1% | +1.4% | +0.6% | — | — | — | — | — | — | — |
| 2025 | +0.2% | +1.1% | −2.0% | −1.1% | −0.6% | +0.8% | −0.7% | +0.8% | +3.0% | +1.3% | +0.2% | 0.0% |
| 2024 | 0.0% | +0.1% | +0.2% | −1.2% | 0.0% | +1.7% | +0.7% | +0.9% | +1.1% | −1.4% | +1.7% | −1.3% |
| 2023 | +3.5% | −2.5% | +1.8% | +0.2% | −0.9% | +1.2% | +0.3% | −1.4% | −3.1% | −1.8% | +7.0% | +2.7% |
| 2022 | −2.7% | −0.6% | −3.4% | −3.3% | +1.6% | −2.4% | +3.1% | −2.6% | −4.5% | −1.1% | +5.6% | −0.5% |
| 2021 | +0.5% | −1.8% | +0.6% | +1.1% | +0.5% | +0.4% | +0.9% | −0.4% | −0.9% | −0.3% | +1.1% | +0.2% |
| 2020 | +1.9% | +1.5% | −4.5% | −1.8% | +3.3% | +1.4% | +1.6% | −0.3% | 0.0% | −0.2% | +1.6% | +0.8% |
| 2019 | — | — | — | — | — | — | — | — | −0.6% | +0.1% | +0.1% | +0.2% |
NMVAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.14%
- 3-year Sharpe ratio: -0.09 (vs 4.5% risk-free rate)
- Best month: +7.04% (Nov 2023)
- Worst month: −3.10% (Sep 2023)
NMVAX Fund Flows
Monthly money in and out of Nuveen Virginia Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $37.8M
- 12-month gross sales (incl. reinvestments): $219.2M
- Sales ÷ redemptions: 1.21×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $13.2M | $16.1M | −$2.9M |
| Apr 2026 | $15.6M | $10.7M | $4.8M |
| Mar 2026 | $12.6M | $10.0M | $2.7M |
| Feb 2026 | $14.3M | $7.0M | $7.4M |
| Jan 2026 | $13.5M | $5.5M | $8.0M |
| Dec 2025 | $23.6M | $19.8M | $3.7M |
| Nov 2025 | $18.3M | $6.0M | $12.3M |
| Oct 2025 | $28.0M | $26.8M | $1.2M |
| Sep 2025 | $25.2M | $26.4M | −$1.2M |
| Aug 2025 | $21.4M | $18.5M | $2.9M |
| Jul 2025 | $13.4M | $19.5M | −$6.1M |
| Jun 2025 | $20.0M | $15.0M | $5.0M |
NMVAX Assets Under Management
Net assets of Nuveen Virginia Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $572.40M |
| 2026-02-28 | $574.13M |
| 2025-11-30 | $549.14M |
| 2025-08-31 | $518.52M |
| 2025-05-31 | $517.38M |
| 2025-02-28 | $528.21M |
| 2024-11-30 | $563.42M |
| 2024-08-31 | $533.59M |
| 2024-05-31 | $510.58M |
| 2024-02-29 | $505.94M |
| 2023-11-30 | $447.15M |
| 2023-08-31 | $473.91M |
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.