XMNSX

About XMNSX

Nuveen Minnesota Quality Municipal Income Fund is a closed-end fixed income mutual fund that primarily focuses on delivering current income exempt from both regular federal and Minnesota state income taxes. This fund invests predominantly in investment grade municipal securities issued within the state of Minnesota, maintaining a minimum of 80% of its assets in such securities to fulfill its tax-exempt income objective. A secondary investment aim is to enhance portfolio value relative to the Minnesota municipal bond market by targeting securities that its advisers consider underrated, undervalued, or from underrepresented municipal market sectors. The fund may invest up to 20% of its assets in lower-rated or unrated securities deemed of comparable quality, but restricts holdings of securities rated below B3/B- to no more than 10% of assets. Managed by Nuveen Fund Advisors, the fund employs a diversified portfolio designed to serve investors seeking a steady stream of tax-free income, particularly those residing in Minnesota. With monthly distributions and a focus on credit quality, the fund plays a significant role for investors looking to manage state and federal tax liabilities while accessing municipal market opportunities within Minnesota.