Nuveen Minnesota Quality Municipal Income Fund

Frequently Asked Questions About NMS

What does NMS invest in?

The Nuveen Minnesota Quality Municipal Income Fund (NMS) operates as a closed-end mutual fund, focusing on fixed income assets, initially launched by Nuveen Investments, Inc. Its management responsibilities are jointly handled by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates its capital within the fixed income markets across the United States. A core part of its strategy involves investing in investment-grade municipal bonds that provide exemptions from regular federal and Minnesota personal income taxes. To ensure quality, the fund targets securities with a credit rating of at least Baa/BBB or better, as assessed by S&P, Moody's, or Fitch. This fund, formerly recognized as the Nuveen Minnesota Municipal Income Fund, was established on June 25, 1993, and is domiciled in the United States.

What is the expense ratio of NMS?

Nuveen Minnesota Quality Municipal Income Fund (NMS) charges an expense ratio of 4.16%. This is the annual fee deducted from fund assets to cover management and operations.

What is NMS's dividend yield?

NMS's trailing-twelve-month yield is 6.54%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NMS?

Effective duration measures NMS's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NMS's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NMS?

NMS's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of NMS?

Yield to maturity (YTM) is the total return you'd earn from NMS if every bond in the portfolio is held to maturity at the current price. NMS's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.