Nuveen Massachusetts Quality Municipal Income Fund Common Stock (NMT)

FairStock Score: 54/100 — MIXED

Key Financials

AI Analysis

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

I approach this as a closed-end bond fund, not an operating business. NMT owns Massachusetts municipal securities, mostly investment grade, and seeks federally and state tax-exempt income. That tax advantage and Nuveen’s management give it a narrow edge, but not a wide moat: bond funds compete on fees, leverage, and distribution rates. On 2026-10-13 at $10.22, FairStock calculations show P/B of 0.91, P/E of 9.92, dividend yield 6.50%, and a Graham Number of $16.10, implying a 36.52% margin of safety. Those are appealing if book value and distributions hold. But financial health is not reassuring: FairStock’s Piotroski F-Score is 0/9, Altman Z-Score is 0.85, D/E is 0.65, ROE is 8.99%, and ROCE is only 2.23%. The low beta of 0.47 and 52-week range of $10.02 to $13.70 show a defensive but out-of-favor security near its low. Growth is unproven: revenue and profit growth are N/A, and the Lynch category is none because only zero years of filed results exist versus the three needed. For a Graham-style investor, the discount and yield are the case; the lack of financial-strength confirmation and scant filing history are the caution. I would monitor NAV discount, distribution coverage, leverage, and municipal credit rather than forecast rapid growth.

In plain English: This fund owns Massachusetts municipal bonds, mostly investment-grade, and aims to pay income free from federal and Massachusetts income taxes. The numbers show modest profitability and weak financial-strength signals, with some borrowing. Its shares trade below their accounting value and yield 6.5%, but the price is near the bottom of its 52-week range.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

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