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Trending ETFs

Nuveen Massachusetts Quality Municipal Income Fund of Benef Interest

mutual fund
XNMTX
Payout Change
Suspended
Price as of:
$12.14 -0.09 -0.74%
primary theme
Municipal Bond
share class
Other (XNMTX)
XNMTX (Mutual Fund)

Nuveen Massachusetts Quality Municipal Income Fund of Benef Interest

Payout Change
Suspended
Price as of:
$12.14 -0.09 -0.74%
primary theme
Municipal Bond
share class
Other (XNMTX)
XNMTX (Mutual Fund)

Nuveen Massachusetts Quality Municipal Income Fund of Benef Interest

Payout Change
Suspended
Price as of:
$12.14 -0.09 -0.74%
primary theme
Municipal Bond
share class
Other (XNMTX)

Name

As of 12/12/2024

Price

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

Nuveen Massachusetts Quality Municipal Income Fund of Benef Interest

XNMTX | Fund

$12.14

$120 M

0.00%

1.54%

Vitals

YTD Return

-2.3%

1 yr return

0.2%

3 Yr Avg Return

-7.0%

5 Yr Avg Return

-3.9%

Net Assets

$120 M

Holdings in Top 10

19.4%

52 WEEK LOW AND HIGH

$12.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.54%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 8.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 12/12/2024

Price

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

Nuveen Massachusetts Quality Municipal Income Fund of Benef Interest

XNMTX | Fund

$12.14

$120 M

0.00%

1.54%

XNMTX - Profile

Distributions

  • YTD Total Return -2.3%
  • 3 Yr Annualized Total Return -7.0%
  • 5 Yr Annualized Total Return -3.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.77%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Massachusetts Quality Municipal Income Fund of Benef Interest
  • Fund Family Name
    Nuveen
  • Inception Date
    Sep 26, 2001
  • Shares Outstanding
    9324617
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Hamilton

Fund Description

XNMTX - Performance

Return Ranking - Trailing

Period XNMTX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.3% -4.5% 38.3% 99.66%
1 Yr 0.2% -2.5% 44.5% 99.66%
3 Yr -7.0%* -10.2% 5.8% 98.43%
5 Yr -3.9%* -6.5% 1104.9% 98.18%
10 Yr -0.1%* -0.9% 249.0% 98.35%

* Annualized

Return Ranking - Calendar

Period XNMTX Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -1.4% 41.0% 10.44%
2022 -20.8% -39.7% 0.3% 96.66%
2021 -0.6% -5.6% 6.9% 53.13%
2020 2.3% -2.6% 310.0% 20.73%
2019 6.3% 0.0% 26.0% 4.75%

Total Return Ranking - Trailing

Period XNMTX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.3% -4.5% 38.3% 99.66%
1 Yr 0.2% -2.5% 44.5% 99.66%
3 Yr -7.0%* -10.2% 5.8% 98.43%
5 Yr -3.9%* -6.5% 1104.9% 98.18%
10 Yr -0.1%* -0.9% 249.0% 98.35%

* Annualized

Total Return Ranking - Calendar

Period XNMTX Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -1.3% 41.0% 83.50%
2022 -20.8% -39.7% 1.1% 96.66%
2021 -0.6% -4.8% 23761504.0% 95.88%
2020 2.3% -1.5% 17057.9% 86.27%
2019 8.1% 0.2% 3514.6% 13.46%

NAV & Total Return History

XNMTX - Holdings

Concentration Analysis

XNMTX Category Low Category High XNMTX % Rank
Net Assets 120 M 3.22 M 71.9 B 83.47%
Number of Holdings 149 4 13418 72.53%
Net Assets in Top 10 40.3 M -317 M 3.09 B 71.86%
Weighting of Top 10 19.43% 1.8% 100.3% 43.28%

Top 10 Holdings

  1. MASSACHUSETTS ST DEV FIN AGY REV 5% 4.79%
  2. MASSACHUSETTS ST 5.25% 2.33%
  3. PUERTO RICO SALES TAX FING CORP SALES TAX REV 20.84% 2.24%
  4. MASSACHUSETTS ST 5% 2.19%
  5. UNIVERSITY MASS BLDG AUTH PROJ REV 5% 2.15%
  6. MASSACHUSETTS ST DEV FIN AGY REV 5.75% 2.10%
  7. MASSACHUSETTS ST DEV FIN AGY REV 5% 1.93%
  8. MASSACHUSETTS ST DEV FIN AGY REV 5% 1.88%
  9. MASSACHUSETTS ST DEV FIN AGY REV 5% 1.86%
  10. MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV 5% 1.77%

Asset Allocation

Weighting Return Low Return High XNMTX % Rank
Bonds 		100.15% 0.00% 150.86% 20.60%
Stocks 		0.00% 0.00% 99.78% 46.64%
Preferred Stocks 		0.00% 0.00% 0.07% 37.88%
Other 		0.00% -3.69% 53.54% 44.86%
Convertible Bonds 		0.00% 0.00% 0.93% 37.56%
Cash 		-0.15% -50.86% 44.62% 98.66%

Bond Sector Breakdown

Weighting Return Low Return High XNMTX % Rank
Municipal 		100.00% 44.39% 100.00% 3.64%
Derivative 		0.00% -3.69% 53.54% 43.45%
Cash & Equivalents 		0.00% 0.00% 44.41% 72.26%
Securitized 		0.00% 0.00% 5.93% 38.64%
Corporate 		0.00% 0.00% 9.41% 47.67%
Government 		0.00% 0.00% 52.02% 41.87%

Bond Geographic Breakdown

Weighting Return Low Return High XNMTX % Rank
US 		96.79% 0.00% 142.23% 78.71%
Non US 		3.36% 0.00% 23.89% 3.49%

XNMTX - Expenses

Operational Fees

XNMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.54% 0.01% 8.02% 13.24%
Management Fee 0.45% 0.00% 1.20% 58.19%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

XNMTX 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

XNMTX 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.

XNMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.00% 0.00% 283.00% 13.54%

XNMTX - Distributions

Dividend Yield Analysis

XNMTX Category Low Category High XNMTX % Rank
Dividend Yield 0.00% 0.00% 14.51% 96.11%

Dividend Distribution Analysis

XNMTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

XNMTX Category Low Category High XNMTX % Rank
Net Income Ratio 3.77% -0.53% 5.33% 3.94%

Capital Gain Distribution Analysis

XNMTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

XNMTX - Fund Manager Analysis

Managers

Michael Hamilton

Start Date

Tenure

Tenure Rank

Dec 31, 2010

11.42

11.4%

Michael S. Hamilton entered the financial services industry in 1989 when he joined FAF. He became a portfolio manager in 1992 and most recently served as Senior Fixed-Income Portfolio Manager at FAF until joining Nuveen Asset Management. He joined Nuveen Asset Management as Senior Vice President and Portfolio Manager on January 1, 2011 in connection with its acquisition of a portion of FAF’s asset management business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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