Fund Evaluator:
Nuveen NY Municipal Bond I (NTNYX)
Follow This Fund
Best Performing in Muni New York Long Over the Last Year
| 6.9% | T. Rowe Price New York Municipal Bond (PRNYX) |
| 6.9% | Vanguard NY Long-Term Tax-Exempt Adm (VNYUX) |
| 6.9% | Vanguard NY Long-Term Tax-Exempt Inv (VNYTX) |
| 6.8% | Victory NY Bond (USNYX) |
| 5.9% | Fidelity Advisor NY Municipal Inc Z (FIJAX) |
Fund Details
Nuveen NY Municipal Bond I Overview
Nuveen NY Municipal Bond I (NTNYX) is an actively managed Municipal Bond Muni New York Long fund. Nuveen launched the fund in 1986.
The investment seeks to provide with as high a level of current interest income exempt from regular federal, New York State and, in some cases, New York local income taxes as is consistent with preservation of capital. Under normal market conditions, the fund invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher at the time of purchase by at least one independent rating agency, or, if unrated, judged by the fund’s sub-adviser to be of comparable quality. The fund may invest up to 20% of its net assets in below investment grade municipal bonds, commonly referred to as “high yield” or “junk” bonds.
About Nuveen NY Municipal Bond I (NTNYX)
There are 2 members of the management team with an average tenure of 9.20 years: Kristen DeJong (2023), Scott Romans (2011). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P Municipal Bond TR index with a weighting of 100% and S&P Municipal Bond New York TR index with a weighting of 100%. Nuveen NY Municipal Bond I has 205 securities in its portfolio. The top 10 holdings constitute 17.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Nuveen NY Municipal Bond I is part of the Fixed Income global asset class and is within the Municipal Bond fund group. Nuveen NY Municipal Bond I has 3.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.6% (94.1% domestic bond, 3.6% foreign bond and 0.0% convertible bond). Nuveen NY Municipal Bond I has 2.4% of the portfolio in cash.
Assets Under Management
The fund has $492 million in total assets, which is above the $287 million average for the Muni New York Long category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NTNYX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Nuveen NY Municipal Bond I expense ratio is average compared to funds in the Muni New York Long category. Nuveen NY Municipal Bond I has an expense ratio of 0.55%, which is 35% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Nuveen NY Municipal Bond I has a portfolio turnover rate of 14%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 27% for the Muni New York Long category.
Recently, in the month of July 2026, Nuveen NY Municipal Bond I returned -1.8%, which earned it a grade of A, as the Muni New York Long category had an average return of -2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Nuveen NY Municipal Bond I has a trailing yield of 4.22%, which is above the 3.63% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Nuveen NY Municipal Bond I Grades
Year to date, the fund has returned 1.4%, 0.5 percentage points better than the category, which translates into a grade of A. The fund has returned 6.7% over the past year (grade of C), 3.0% over the past three years (grade of C) and 0.0% per year over the past five years (grade of B) and 1.7% per year over the past 10 years (grade of C).
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NTNYX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NTNYX Return (NAV) | -1.8% | -0.1% | 6.7% | 3.0% | 0.0% | 1.7% |
| NTNYX Grade | A | A | C | C | B | C |
| +/- Category | 0.3% | 0.4% | 0.0% | 0.1% | 0.1% | 0.0% |
| Muni New York Long Avg | -2.1% | -0.5% | 6.7% | 2.9% | -0.1% | 1.7% |
| NTNYX Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | 0.0% |
NTNYX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NTNYX Return (NAV) | 1.4% | 2.7% | 2.4% | 7.3% | -12.3% | 3.2% | 4.1% | 7.7% | 0.4% | 6.0% | 0.6% |
| NTNYX Grade | A | C | B | C | D | C | C | B | D | A | B |
| +/- Category | 0.5% | 0.3% | 0.4% | -0.2% | -0.4% | -0.1% | -0.0% | -0.1% | -0.9% | 1.3% | -0.1% |
| Muni New York Long Avg | 0.9% | 2.4% | 2.0% | 7.5% | -11.9% | 3.3% | 4.1% | 7.8% | 1.4% | 4.7% | 0.7% |
| Risk Measures | |
| Standard Deviation: | 6.5% |
| Total Risk Index: | 0.53 - Below Average |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (31% Rank) |
| Beta: | 1.11 |
| R-Squared: | 95% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 4.2% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1027 Mil |
| Fund Total Assets: | $ 493 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 14% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 15.6 years | |||
| Average Tenure: 9.2 years | |||
| Managers (Year): Romans Scott (2011), DeJong Kristen (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 205 |
| % in Top 10 Holdings: | 17.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 94.1% |
| Foreign Bond: | 3.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.4% |
Purchase Information
| Fund Family: | Nuveen |
| Phone Number: | 800-257-8787 |
| Website: | www.nuveen.com |
| Status: | Open |
| Inception Date: | December 22, 1986 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.55% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.85% |
| Share Class: | Nuveen NY Municipal Bond I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
