Nuveen Minnesota Quality Municipal Income Fund (NMS) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NMS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NMS
NMS charges 0.03% annually. There are 5 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset Managed Municipals Fund Inc | 0.01% | — | Jun 1992 | NMS vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | NMS vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | — | Dec 1993 | NMS vs EIM | |
| Nuveen Select Maturities Municipal Fund | 0.03% | — | Sep 1992 | NMS vs NIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | — | Jun 2012 | NMS vs MMD |
Best Risk-Adjusted Alternatives to NMS
NMS has a PortfoliosLab risk / return rank of 62. There are 387 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | NMS vs DFABX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | NMS vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | NMS vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | NMS vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NMS vs ATOIX |
Top Performing NMS Alternatives (YTD)
NMS is at 7.31% YTD. There are 4 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 16.51%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 16.51% | — | Jan 1993 | NMS vs NMT | |
| Nuveen Arizona Quality Municipal Income Fund | 13.56% | — | Nov 1992 | NMS vs NAZ | |
| Nuveen Municipal Income Fund, Inc. | 11.65% | — | Apr 1998 | NMS vs NMI | |
| RiverNorth Opportunistic Municipal Income Fund | 9.92% | — | — | NMS vs RMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 7.11% | — | — | NMS vs RFMZ |
Lowest Volatility Alternatives to NMS
NMS has 8.02% 1-year volatility. There are 469 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | NMS vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NMS vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NMS vs USMTX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | NMS vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | NMS vs DFSMX |
Lowest Drawdown Alternatives to NMS
NMS has a 1-year max drawdown of -2.84%. There are 271 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | NMS vs BATVX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | NMS vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NMS vs TFCYX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NMS vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | NMS vs APUSX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include QQQX, SPXX, NHMRX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | Large Cap Growth Equities | 71 | 11.82% | — | Jan 2007 | NMS vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 16 | 3.81% | — | Nov 2005 | NMS vs SPXX | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 61 | 3.18% | — | Jun 1999 | NMS vs NHMRX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 4 | 0.73% | — | Jun 2003 | NMS vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 18 | 3.56% | — | Mar 2006 | NMS vs NSBRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 76 | 0.72% | — | Dec 2006 | NMS vs NPSRX | |
| Nuveen Preferred and Income Opportunities Fund | Preferred Stock/Convertible Bonds | 11 | 0.12% | — | Mar 2003 | NMS vs JPC | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 70 | 17.58% | — | Dec 1987 | NMS vs FASEX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 62 | 1.93% | — | Jan 2013 | NMS vs NVHIX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 19 | 9.51% | — | May 2009 | NMS vs NVLIX |
Often Compared With NMS
Investors most often compare NMS with NCA, BSNIX, NAC. These 16 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare NMS with Any Fund or Stock
Compare NMS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NMS with funds that move differently
Nuveen Minnesota Quality Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NMS.
Explore NMS Diversifiers