(NMT) Nuveen Massachusetts - Overview
Fund: Municipal Bonds, Massachusetts, Tax-Exempt, Fixed-Income, Portfolio
Dividends
| Dividend Yield | 7.06% |
| Yield on Cost 5y | 6.96% |
| Yield CAGR 5y | 10.99% |
| Payout Consistency | 94.3% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 8.90% |
| Relative Tail Risk | -9.90% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.32 |
| Alpha | 1.96 |
| Character TTM | |
|---|---|
| Beta | 0.147 |
| Beta Downside | 0.227 |
| Drawdowns 3y | |
|---|---|
| Max DD | 16.41% |
| CAGR/Max DD | 0.46 |
Description: NMT Nuveen Massachusetts January 19, 2026
Nuveen Massachusetts Quality Municipal Income (NYSE: NMT) is a U.S.-based municipal bond fund that concentrates on high-credit-quality, Massachusetts-issued securities, aiming to deliver tax-free income while preserving capital.
As of the most recent quarterly filing (Q4 2025), the fund holds approximately $2.1 billion in assets, with an average portfolio maturity of 7.2 years and a weighted-average coupon of 3.4 %. Its 30-day SEC yield sits near 2.1 % (tax-equivalent ≈ 3.2 % assuming a 35 % marginal tax rate), and the expense ratio is 0.48 %.
Key drivers of performance include Massachusetts’ strong fiscal position (budget surplus of $1.2 billion in FY 2024), the state’s relatively low default risk (historical municipal default rate < 0.1 %), and the broader interest-rate outlook. A flattening yield curve and any Federal Reserve policy easing could bolster the fund’s price appreciation, while rising rates would pressure its duration-sensitive holdings.
For a deeper, data-rich analysis of NMT’s risk-adjusted returns and sector exposure, you might find ValueRay’s interactive dashboards useful.
What is the price of NMT shares?
Over the past week, the price has changed by +0.34%, over one month by +3.38%, over three months by +3.53% and over the past year by +6.84%.
Is NMT a buy, sell or hold?
What are the forecasts/targets for the NMT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 12.7 | 7.9% |
NMT Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 112.6m USD (112.6m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 112.6m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 112.6m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.45% (E(112.6m)/V(112.6m) * Re(6.45%) + (debt-free company))
Discount Rate = 6.45% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)