Nuveen Massachusetts Quality Municipal Income Fund (NMT)

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The chart shows the growth of an initial investment of $10,000 in Nuveen Massachusetts Quality Municipal Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Nuveen Massachusetts Quality Municipal Income Fund (NMT) has returned 10.44% so far this year and 11.40% over the past 12 months. Over the last ten years, NMT has returned 2.89% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Oct 27, 1994, NMT's average daily return is +0.03%, while the average monthly return is +0.53%. At this rate, your investment would double in approximately 10.9 years.

Historically, 57% of months were positive and 43% were negative. The best month was Jan 2009 with a return of +21.4%, while the worst month was Oct 2008 at -11.5%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.

On a daily basis, NMT closed higher 46% of trading days. The best single day was Oct 13, 2008 with a return of +13.4%, while the worst single day was Mar 23, 2020 at -9.9%.

Nuveen Massachusetts Quality Municipal Income Fund has an annualized alpha of 5.93%, beta of 0.09, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 28, 1994.

• This fund captured 19.27% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.30%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.09 may look defensive, but with R² of 0.01 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.01 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

NMT has an expense ratio of 0.04%, which is considered low.

NMT ranks 55 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Nuveen Massachusetts Quality Municipal Income Fund (NMT) and compare them to a chosen benchmark (S&P 500 Index).

Nuveen Massachusetts Quality Municipal Income Fund provided a 6.52% dividend yield over the last twelve months, with an annual payout of $0.80 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Nuveen Massachusetts Quality Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Nuveen Massachusetts Quality Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Nuveen Massachusetts Quality Municipal Income Fund was 40.12%, occurring on Oct 10, 2008. Recovery took 237 trading sessions.

The current Nuveen Massachusetts Quality Municipal Income Fund drawdown is 3.73%.

The chart below shows the rolling one-month volatility.