NSMAX Performance — Nuveen Small/Mid-Cap Value Fund, Class A
Data updated: 2026-09-10
NSMAX returned +21.59% year to date and +34.41% over one year to Jun 2026. Annualised returns are +19.81% over 3 years and +12.70% over 5 years. The fund beat its US Mid-Cap Value category average: $100 invested three years ago grew to $172, against $148 for the category, and to $134 over one year, against $120. Volatility over the past three years was 16.00% a year. In the 12 months to Jun 2026 the fund took in a net $13.7M, and assets reached $132.39M.
NSMAX Growth of $100
What $100 invested in Nuveen Small/Mid-Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Value category average over the same months.
| Period | NSMAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $134 | $120 |
| 3 years (Jul 2023 – Jun 2026) | $172 | $148 |
| 5 years (Jul 2021 – Jun 2026) | $182 | $154 |
| Since data start (Jul 2019 – Jun 2026) | $250 | $212 |
NSMAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +21.59% |
| 1 year | +34.41% |
| 3 years (annualised) | +19.81% |
| 5 years (annualised) | +12.70% |
NSMAX Annual Returns
Calendar-year total returns of Nuveen Small/Mid-Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +21.59% |
| 2025 | +10.23% |
| 2024 | +19.88% |
| 2023 | +14.13% |
| 2022 | −5.92% |
| 2021 | +33.54% |
| 2020 | +0.72% |
| 2019 (Jul–Dec) | +7.85% |
NSMAX 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 | +6.2% | +1.5% | −5.5% | +13.2% | +3.3% | +2.0% | — | — | — | — | — | — |
| 2025 | +4.2% | −3.8% | −5.0% | −3.8% | +5.0% | +3.7% | +1.0% | +4.4% | +1.5% | +1.6% | +2.1% | −0.5% |
| 2024 | −1.2% | +3.8% | +6.7% | −4.8% | +6.0% | −0.9% | +4.9% | +3.1% | +1.5% | −1.6% | +9.5% | −7.5% |
| 2023 | +6.2% | +0.1% | −4.0% | −0.9% | −1.6% | +7.1% | +3.8% | −2.3% | −3.9% | −3.2% | +7.5% | +5.5% |
| 2022 | −4.3% | +1.9% | +1.7% | −6.6% | +1.9% | −10.3% | +8.5% | −1.5% | −8.7% | +11.7% | +5.9% | −3.8% |
| 2021 | +2.4% | +12.6% | +4.6% | +5.5% | +0.2% | −0.6% | −1.2% | +0.8% | −2.5% | +4.9% | −3.3% | +6.9% |
| 2020 | −4.3% | −10.1% | −22.7% | +12.1% | +5.0% | +1.5% | +1.7% | +5.1% | −3.9% | +2.2% | +14.5% | +5.4% |
| 2019 | — | — | — | — | — | — | +0.5% | −4.5% | +5.8% | +1.5% | +2.4% | +2.3% |
NSMAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.00%
- 3-year Sharpe ratio: 0.96 (vs 4.5% risk-free rate)
- Best month: +13.24% (Apr 2026)
- Worst month: −7.54% (Dec 2024)
NSMAX Fund Flows
Monthly money in and out of Nuveen Small/Mid-Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: $13.7M
- 12-month gross sales (incl. reinvestments): $48.4M
- Sales ÷ redemptions: 1.40×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.5M | $1.7M | $867K |
| May 2026 | $3.6M | $1.3M | $2.4M |
| Apr 2026 | $2.7M | $5.6M | −$2.9M |
| Mar 2026 | $4.4M | $3.8M | $619K |
| Feb 2026 | $5.4M | $1.2M | $4.2M |
| Jan 2026 | $4.7M | $3.1M | $1.6M |
| Dec 2025 | $9.9M | $2.0M | $7.9M |
| Nov 2025 | $3.0M | $1.9M | $1.1M |
| Oct 2025 | $2.3M | $3.4M | −$1.2M |
| Sep 2025 | $2.3M | $3.4M | −$1.1M |
| Aug 2025 | $3.8M | $4.9M | −$1.1M |
| Jul 2025 | $3.8M | $2.5M | $1.4M |
NSMAX Assets Under Management
Net assets of Nuveen Small/Mid-Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $132.39M |
| 2026-03-31 | $110.64M |
| 2025-12-31 | $102.59M |
| 2025-09-30 | $98.13M |
| 2025-06-30 | $91.16M |
| 2025-03-31 | $83.69M |
| 2024-12-31 | $109.64M |
| 2024-09-30 | $108.53M |
| 2024-06-30 | $100.01M |
| 2024-03-31 | $112.19M |
| 2023-12-31 | $127.59M |
| 2023-09-30 | $110.02M |
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.