Nuveen Quality Municipal Income Fund Common Stock (NAD)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach NAD as a bond fund, not an operating business. It is a $2.7 billion closed-end municipal income fund trading at $10.25 on 2026-10-13. FairStock's calculated P/E is 12.97, P/B is 0.86, and EPS is $0.79. The 7.96% dividend yield is the main attraction, and the 0.64 beta suggests less volatility than equities. Graham would notice the $14.74 Graham Number and 30.46% margin of safety, but he would also warn that a Graham Number built for industrial earnings is crude for a leveraged municipal portfolio. The fund's investment-grade, federally tax-exempt municipal focus can be a durable niche, but it is not a wide moat in the Buffett sense; it is a price-taker in rates and credit spreads. Financial health is where I pause: ROE 6.57%, ROCE 2.52%, D/E 0.72, Altman Z-Score 0.73, Piotroski F-Score 1/9, and a FairStock Score of 42/100. Those are not the marks of a fortress. No revenue or profit growth data were provided, and the Lynch category is none because there are only 0 years of filed results, needing 3. At 0.86 times book, the market is pricing a discount, but a closed-end fund can stay discounted. I would want to see whether the 7.96% distribution is covered by tax-exempt income, how leverage behaves as rates move, and whether NAV stabilizes. Cheap on some asset-based measures, fragile on leverage and quality scores.

In plain English: Nuveen Quality Municipal Income Fund is a closed-end fund that owns U.S. municipal bonds, mostly investment grade, and pays income that is generally free from federal tax. The fund's price looks low compared with its accounting value and a simple fair-value estimate, and it offers a high income yield. But its financial strength scores are weak, it uses borrowed money, and no growth figures were provided, so this is a cheap-looking but fragile income fund.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer