Nuveen Massachusetts Quality Municipal Income Fund Overview
Pro stress-test →Nuveen Massachusetts Quality Municipal Income Fund was formed on January 12, 1993 and is domiciled in the United States. The fund primarily invests in undervalued municipal securities exempt from regular federal and Massachusetts income taxes, focusing on investment-grade securities rated Baa/BBB or above. The Fund's objective is current income exempt from federal and Massachusetts personal income taxes through investments in Massachusetts municipal obligations.
Strategic Profile
Pro stress-test →The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. The Fund trades on the NYSE under the symbol NMT and uses leverage (including outstanding VRDP Preferred Shares) as part of its investment strategy. As of May 27, 2026, the fund had a closing market price of $12.68 with NAV of $11.10 and net assets of approximately $113.8 million.
Competitive Landscape
Pro stress-test →NMT competes within the closed-end municipal bond fund space against other Nuveen municipal funds and competitors like BlackRock and Invesco municipal CEFs. As a state-specific fund focused exclusively on Massachusetts municipals, it serves a niche market segment seeking both single-state tax benefits and quality credit exposure. Most competing products are similarly constrained geographically.
Industry Context
Nuveen Massachusetts Quality Municipal Income Fund operates in Municipal bond closed-end funds.
Key facts
Founded: 1993 · Headquarters: US · Employees: N/A (fund managed by Nuveen) · Revenue: N/A (closed-end fund) · Market cap: $113.8M (net assets as of May 27, 2026)