Nuveen Minnesota Quality Municipal Income Fund of Benef Interest
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$12.53
$79 M
0.00%
1.71%
Vitals
YTD Return
-2.6%
1 yr return
-2.3%
3 Yr Avg Return
-6.9%
5 Yr Avg Return
-3.1%
Net Assets
$79 M
Holdings in Top 10
21.6%
52 WEEK LOW AND HIGH
$12.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.71%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 5.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$12.53
$79 M
0.00%
1.71%
XMNSX - Profile
Distributions
- YTD Total Return -2.6%
- 3 Yr Annualized Total Return -6.9%
- 5 Yr Annualized Total Return -3.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.30%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameNuveen Minnesota Quality Municipal Income Fund of Benef Interest
-
Fund Family NameNuveen
-
Inception DateOct 06, 2014
-
Shares Outstanding5784711
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerChristopher Drahn
Fund Description
XMNSX - Performance
Return Ranking - Trailing
| Period | XMNSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.6% | -4.7% | 10.2% | 96.24% |
| 1 Yr | -2.3% | -3.9% | 31.6% | 99.35% |
| 3 Yr | -6.9%* | -11.3% | 2.5% | 96.42% |
| 5 Yr | -3.1%* | -6.0% | 1102.0% | 96.59% |
| 10 Yr | N/A* | -0.4% | 248.1% | 11.30% |
* Annualized
Return Ranking - Calendar
| Period | XMNSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.6% | -1.4% | 41.0% | 55.69% |
| 2022 | -19.3% | -39.7% | 0.3% | 96.11% |
| 2021 | -0.6% | -5.6% | 6.9% | 51.16% |
| 2020 | 1.2% | -2.6% | 310.0% | 73.20% |
| 2019 | 7.1% | 0.0% | 26.0% | 2.44% |
Total Return Ranking - Trailing
| Period | XMNSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.6% | -4.7% | 10.2% | 96.24% |
| 1 Yr | -2.3% | -3.9% | 31.6% | 99.35% |
| 3 Yr | -6.9%* | -11.3% | 2.5% | 96.42% |
| 5 Yr | -3.1%* | -6.0% | 1102.0% | 96.59% |
| 10 Yr | N/A* | -0.4% | 248.1% | 11.91% |
* Annualized
Total Return Ranking - Calendar
| Period | XMNSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.6% | -1.3% | 41.0% | 98.51% |
| 2022 | -19.3% | -39.7% | 1.1% | 96.11% |
| 2021 | -0.6% | -4.8% | 23761504.0% | 95.69% |
| 2020 | 1.2% | -1.5% | 17057.9% | 94.98% |
| 2019 | 9.3% | 0.2% | 3514.6% | 4.87% |
NAV & Total Return History
XMNSX - Holdings
Concentration Analysis
| XMNSX | Category Low | Category High | XMNSX % Rank | |
|---|---|---|---|---|
| Net Assets | 79 M | 3.22 M | 71.9 B | 89.00% |
| Number of Holdings | 163 | 2 | 13067 | 68.78% |
| Net Assets in Top 10 | 29.8 M | -317 M | 3.4 B | 77.18% |
| Weighting of Top 10 | 21.60% | 1.9% | 100.4% | 33.25% |
Top 10 Holdings
- ST PAUL MINN HSG & REDEV AUTH HEALTH CARE FAC REV 4% 3.08%
- WESTERN MINN MUN PWR AGY MINN PWR SUPPLY REV 5% 2.98%
- DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5% 2.50%
- DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV 5% 2.29%
- SOUTHERN MINN MUN PWR AGY PWR SUPPLY SYS REV 0% 2.17%
- ST PAUL MINN PORT AUTH SOLID WASTE DISP REV 4.5% 1.93%
- ST PAUL MINN HSG & REDEV AUTH HEALTH CARE REV 4% 1.72%
- MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV 5% 1.69%
- MINNESOTA ST 4% 1.67%
- MINNEAPOLIS MINN HEALTH CARE SYS REV 4% 1.66%
Asset Allocation
| Weighting | Return Low | Return High | XMNSX % Rank | |
|---|---|---|---|---|
| Bonds | 99.82% | 0.00% | 150.86% | 17.18% |
| Cash | 0.18% | -50.86% | 50.09% | 85.07% |
| Stocks | 0.00% | 0.00% | 99.81% | 69.32% |
| Preferred Stocks | 0.00% | 0.00% | 0.52% | 65.87% |
| Other | 0.00% | -8.54% | 33.35% | 64.45% |
| Convertible Bonds | 0.00% | 0.00% | 0.93% | 65.80% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | XMNSX % Rank | |
|---|---|---|---|---|
| Municipal | 99.82% | 44.39% | 100.00% | 20.44% |
| Cash & Equivalents | 0.18% | 0.00% | 48.02% | 47.32% |
| Derivative | 0.00% | -8.54% | 23.38% | 61.80% |
| Securitized | 0.00% | 0.00% | 5.93% | 65.41% |
| Corporate | 0.00% | 0.00% | 9.41% | 71.19% |
| Government | 0.00% | 0.00% | 52.02% | 68.79% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | XMNSX % Rank | |
|---|---|---|---|---|
| US | 99.46% | 0.00% | 142.23% | 21.07% |
| Non US | 0.36% | 0.00% | 23.89% | 8.92% |
XMNSX - Expenses
Operational Fees
| XMNSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.71% | 0.01% | 20.65% | 5.24% |
| Management Fee | 0.35% | 0.00% | 1.20% | 27.78% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.20% | 0.01% | 0.44% | 88.84% |
Sales Fees
| XMNSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 4.75% | N/A |
| Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
| XMNSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| XMNSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 5.00% | 0.00% | 283.00% | 5.77% |
XMNSX - Distributions
Dividend Yield Analysis
| XMNSX | Category Low | Category High | XMNSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 14.56% | 98.58% |
Dividend Distribution Analysis
| XMNSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| XMNSX | Category Low | Category High | XMNSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.30% | -0.53% | 5.33% | 1.83% |
Capital Gain Distribution Analysis
| XMNSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jul 01, 2019 | $0.049 | OrdinaryDividend |
| Jun 03, 2019 | $0.049 | OrdinaryDividend |
| May 01, 2019 | $0.049 | OrdinaryDividend |
| Apr 01, 2019 | $0.049 | OrdinaryDividend |
| Mar 01, 2019 | $0.051 | OrdinaryDividend |
| Feb 01, 2019 | $0.051 | OrdinaryDividend |
| Dec 31, 2018 | $0.051 | OrdinaryDividend |
| Dec 03, 2018 | $0.051 | OrdinaryDividend |
| Nov 01, 2018 | $0.051 | OrdinaryDividend |
| Oct 01, 2018 | $0.051 | OrdinaryDividend |
| Sep 04, 2018 | $0.055 | OrdinaryDividend |
| Aug 01, 2018 | $0.055 | OrdinaryDividend |
| Jul 02, 2018 | $0.055 | OrdinaryDividend |
| Jun 01, 2018 | $0.060 | OrdinaryDividend |
| May 01, 2018 | $0.060 | OrdinaryDividend |
| Apr 02, 2018 | $0.060 | OrdinaryDividend |
| Mar 01, 2018 | $0.060 | OrdinaryDividend |
| Feb 01, 2018 | $0.060 | OrdinaryDividend |
| Dec 29, 2017 | $0.060 | OrdinaryDividend |
| Dec 01, 2017 | $0.060 | OrdinaryDividend |
| Nov 01, 2017 | $0.060 | OrdinaryDividend |
| Oct 02, 2017 | $0.060 | OrdinaryDividend |
| Sep 01, 2017 | $0.064 | OrdinaryDividend |
| Aug 01, 2017 | $0.064 | OrdinaryDividend |
| Jul 03, 2017 | $0.064 | OrdinaryDividend |
| Jun 01, 2017 | $0.064 | OrdinaryDividend |
| May 01, 2017 | $0.064 | OrdinaryDividend |
| Apr 03, 2017 | $0.064 | OrdinaryDividend |
| Mar 01, 2017 | $0.067 | OrdinaryDividend |
| Feb 01, 2017 | $0.067 | OrdinaryDividend |
| Dec 30, 2016 | $0.067 | OrdinaryDividend |
| Dec 01, 2016 | $0.066 | OrdinaryDividend |
| Nov 01, 2016 | $0.066 | OrdinaryDividend |
| Oct 03, 2016 | $0.066 | OrdinaryDividend |
| Sep 01, 2016 | $0.066 | OrdinaryDividend |
| Aug 01, 2016 | $0.066 | OrdinaryDividend |
| Jul 01, 2016 | $0.066 | OrdinaryDividend |
| Jun 01, 2016 | $0.066 | OrdinaryDividend |
| May 02, 2016 | $0.066 | OrdinaryDividend |
| Apr 01, 2016 | $0.066 | OrdinaryDividend |
| Mar 01, 2016 | $0.066 | OrdinaryDividend |
| Feb 01, 2016 | $0.066 | OrdinaryDividend |
| Dec 31, 2015 | $0.066 | OrdinaryDividend |
| Dec 01, 2015 | $0.066 | OrdinaryDividend |
| Nov 02, 2015 | $0.066 | OrdinaryDividend |
| Oct 01, 2015 | $0.066 | OrdinaryDividend |
| Sep 01, 2015 | $0.069 | OrdinaryDividend |
| Aug 03, 2015 | $0.069 | OrdinaryDividend |
| Jul 01, 2015 | $0.069 | OrdinaryDividend |
| Jun 01, 2015 | $0.069 | OrdinaryDividend |
| May 01, 2015 | $0.069 | OrdinaryDividend |
| Apr 01, 2015 | $0.069 | OrdinaryDividend |
| Mar 02, 2015 | $0.069 | OrdinaryDividend |
| Feb 02, 2015 | $0.069 | OrdinaryDividend |
| Dec 31, 2014 | $0.069 | OrdinaryDividend |
| Dec 01, 2014 | $0.069 | OrdinaryDividend |
XMNSX - Fund Manager Analysis
Managers
Christopher Drahn
Start Date
Tenure
Tenure Rank
Jan 23, 2014
8.36
8.4%
Chris manages tax-exempt fixed income portfolios, including the Short Term Municipal Bond, the Colorado Municipal Bond, the Minnesota Municipal Bond, the Minnesota Intermediate Municipal Bond and the Missouri Municipal Bond products and related institutional portfolios. He also oversees various closed-end funds.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.05 | 7.37 | 1.58 |