Nuveen Quality Municipal Income Fund (NAD) DCF Valuation
A discounted-cash-flow model isn't meaningful for Nuveen Quality Municipal Income Fund (NAD) — banks and insurers carry deposits and reserves that a FCF-to-firm model wrongly treats as debt, so they're valued on book value (P/B), return on equity (ROE) and P/E. See the metrics page for the sector-appropriate valuation ratios.
Current Price
$12.04
Market-Implied Growth
+13.6%/yr
vs -8.2% 5Y actual
Base-Case Model Value
—
Discounted Cash Flow
An editable DCF model isn't applicable to NAD — banks and insurers are valued on book value (P/B), return on equity (ROE) and P/E, not a FCF-to-firm DCF.
About Nuveen Quality Municipal Income Fund
The Nuveen Quality Municipal Income Fund (NAD) is a U.S.-domiciled, closed-end mutual fund that began operations on January 15, 1999, having previously been known as the Nuveen Dividend Advantage Municipal Fund. Launched by Nuveen Investments, Inc., this fund is jointly overseen by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. Its core objective is to invest in undervalued municipal bonds and similar instruments within the American fixed-income market, aiming to generate income that is exempt from federal income taxes. The fund's portfolio predominantly comprises investment-grade securities, targeting an average maturity of roughly 18 years. Management employs a bottom-up, fundamental analysis approach for constructing its holdings. Its performance is measured against benchmarks set by Standard & Poor's (S&P).
- Sector
- Financial Services
- Industry
- Asset Management - Income
- CEO
- Thomas C. Spalding Jr.