NMS - NMS: Nuveen's Minnesota Municipal Bond CEF Rates A Sell, Here's An Alternative
2025-04-10 08:00:00 ET
Summary
- A well-run single-state municipal bond fund benefits investors who pay taxes to that state. Here I examine Nuveen Minnesota Quality Municipal Income Fund directed at Minnesota taxpayers.
- Along with my analysis of NMS, its performance relative to a national municipal bond CEF is provided to help judge the worthiness of state funds over a national fund.
- With the goal to provide higher cash flows and support secondary market trading, Nuveen increased payouts on many funds to close discounts and enhance shareholder returns.
- My rating is Sell NMS and buy NAD or similar national municipal fund. NAD has the advantage in CAGR, StdDev, yield, and comes with the larger NAV discount.
Introduction
With the popularity of my previous single-state municipal bond CEF articles, I have decided to cover each one offered by Nuveen. The Nuveen Minnesota Quality Municipal Income Fund ( NMS ) is reviewed here and then compared to a National municipal bond CEF offered by Nuveen to see if Minnesota taxpayers are better off owning NMS versus the national CEF, Nuveen Quality Municipal Income Fund (NAD)....
NMS: Nuveen's Minnesota Municipal Bond CEF Rates A Sell, Here's An Alternative