Nuveen Minnesota Quality Municipal Income Fund (NMS)

Key Financials

AI Analysis

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

I look at this fund first as a tax-exempt income vehicle, not an operating company. It is a closed-end fund investing in investment-grade municipal securities exempt from regular federal and Minnesota personal income taxes. At the 2026-10-16 close of $10.28, FairStock calculates a P/E of 8.86, a Graham Number of $17.59 and a margin of safety of 42.69%. On those static figures, the price looks modest. The 7.35% dividend yield and 52-week range of $9.48-$12.50 also tell me the market has been pricing income and rate risk. But Graham would demand evidence, not just yield. The financial-health checks are poor: FairStock's Piotroski F-score is 0/9 and Altman Z-score is 0.82. Revenue, profit growth, ROE, ROCE, debt/equity and P/B are not available here, so I cannot judge operating quality or leverage. The fund has only 0 years of filed results in the dataset, and the Lynch category is none because three years are required. A municipal-bond fund's durable advantage would come from disciplined credit selection, tax exemption and scale; the supplied data do not let me verify expense ratio, leverage, duration or credit quality. Thus I see a statistically cheap price against a Graham-style calculation, offset by weak health scores and minimal history. I would want the discount, yield and credit profile to be supported by audited NAV and income figures before calling it a compelling Graham bargain. Until then, it is a high-yield, tax-exempt fund with an attractive headline price but unproven fundamentals.

In plain English: This fund owns Minnesota municipal bonds meant to produce income that is exempt from regular federal and Minnesota personal income taxes. It looks weak on the limited financial-health data and has too short a record to judge growth. At $10.28, the price looks cheap compared with the fund’s calculated value, but that cheapness is not supported by a long track record.

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Data as of 2026-10-16 close · note generated 2026-10-20 · 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