Nuveen Quality Municipal Income Fund (NAD)

What this ETF is trying to do

The Nuveen Quality Municipal Income Fund (NAD) is an ETF traded on the NYSE. While specific holdings are not listed in this report, funds like this generally focus on providing income to investors.

What the numbers show

When looking at an ETF, it is important to understand the difference between "price return" and "total return."

• Price Return: This measures only the change in the share price. For NAD, the year-to-date (YTD) price return is approximately -11.56%. The one-year price return is approximately -8.76%.

• Total Return: This includes both the price changes and the money paid out to investors (distributions). The YTD total return is approximately -6.69%, and the one-year total return is approximately -2.02%.

If you look at a longer timeframe, the three-year total return is approximately 24.10%. To see how the price has changed recently, we can look at an estimated price from roughly one year ago, which was $11.65. The current price is $10.63.

Income and distribution explanation

This ETF has a distribution yield of approximately 7.96%. This means the fund pays out cash relative to its share price. These distributions happen frequently; the fund usually pays out monthly, with 12 payments made over the last year. Most of these payments have occurred on Fridays.

It is important to remember that a high distribution yield does not mean you are earning that same amount in total return. Total return is the most complete way to see how the investment performed overall.

NAV erosion explanation

"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases. StockValueFinder uses an "erosion score" to measure this risk. This ETF has an erosion score of 75, which is labeled as "mild price erosion." While the share price has declined recently, there is no severe erosion-risk flag for this fund.

Pros

• The fund provides a regular monthly distribution.

• Over a three-year period, the total return was positive at approximately 24.10%.

Cons

• The share price has seen a decline recently, with a negative YTD price return of approximately -11.56%.

• The fund shows a "mild" erosion-risk score.

Beginner takeaway

When looking at NAD, it is helpful to distinguish between the cash you receive (distribution yield) and the actual change in your investment's value (total return). While the fund offers monthly income, the share price has moved lower recently. Always look at total return to get the full picture of an ETF's performance.