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 | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | — | Jun 2012 | NMS vs MMD | |
| Nuveen Select Maturities Municipal Fund | 0.03% | — | Sep 1992 | NMS vs NIM |
Best Risk-Adjusted Alternatives to NMS
NMS has a PortfoliosLab risk / return rank of 76. There are 275 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 Municipal Bond Portfolio | 100 | — | Aug 2002 | NMS vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | NMS vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | NMS vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | NMS vs FHMIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | NMS vs DFCMX |
Top Performing NMS Alternatives (YTD)
NMS is at 8.12% YTD. There are 7 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 15.47%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 15.47% | — | Jan 1993 | NMS vs NMT | |
| RiverNorth Opportunistic Municipal Income Fund | 14.90% | — | — | NMS vs RMI | |
| RiverNorth Flexible Municipal Income Fund II Inc. | 11.77% | — | — | NMS vs RFMZ | |
| Nuveen New York AMT Free Quality Municipal Income | 10.68% | — | Nov 2002 | NMS vs NRK | |
| Nuveen Municipal Income Fund, Inc. | 10.10% | — | Apr 1998 | NMS vs NMI |
Lowest Volatility Alternatives to NMS
NMS has 8.60% 1-year volatility. There are 468 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | NMS vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | NMS vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | NMS vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | NMS vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | NMS vs USMTX |
Lowest Drawdown Alternatives to NMS
NMS has a 1-year max drawdown of -2.84%. There are 267 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 | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | NMS vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | NMS vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | NMS vs DFABX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, TILIX and span 10 categories.
Often Compared With NMS
Investors most often compare NMS with NAZ, NAC, NCA. These 20 comparison targets span 6 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