What this ETF is trying to do

The NUVEEN HIGH YIELD MUNICIPAL INCOME ETF (ticker: NHYM) is an exchange-traded fund. Based on its name, this fund focuses on providing income from municipal sources.

What the numbers show

As of October 5, 2026, the current price for one share of NHYM is $23.12. An estimated price from roughly one year ago was approximately $24.61.

When looking at how this ETF has performed, it is important to understand two different types of returns:

• Price Return: This measures only the change in the share price. Over the last year, the one-year price return was -6.05%. The year-to-date (YTD) price return was -6.77%.

• Total Return: This measures the overall change, including both the share price and any cash distributions paid out. The one-year total return was -1.71%, and the YTD total return was -3.63%.

Income and distribution explanation

This ETF has a distribution yield of approximately 4.84%. This represents the cash distributions paid out relative to the ETF's price. These payments are usually made monthly, and there were 12 payments made over the last year.

It is important to remember that a high distribution yield does not mean an investor earned that same percentage as a total return. Distributions provide cash income, but they do not guarantee that your original investment will stay the same value.

NAV erosion explanation

"NAV erosion" refers to a decline in the value of the fund's underlying assets. This ETF has an erosion-risk score of 75, which is categorized as "mild price erosion." This is a measurement used to track the risk of price deterioration over time.

Pros

• The ETF provides regular cash income through distributions that usually occur monthly.

• It offers a distribution yield of approximately 4.84%.

Cons

• The share price has declined over the last year.

• Both the one-year and YTD total returns have been negative.

• There is a mild erosion-risk score.

Beginner takeaway

When you look at an ETF, do not look at the distribution yield alone. A high yield can be misleading if the share price is falling. To see the full picture of whether an investment has gained or lost value, always check the total return, which combines the share price changes and the cash payments together.