Nuveen Minnesota Quality Municipal Income Fund (NMS) Total Return Calculator
$10,000 since Oct 2014, with and without reinvesting · data through Oct 2026
$10,000 invested in Nuveen Minnesota Quality Municipal Income Fund (NMS) ten years ago, at the end of Oct 2016, was worth $10,234 at the end of Oct 2026 with every dividend reinvested: 0.2% a year, against $41,633 in the S&P 500. Since Oct 2014, $10,000 became $13,204 reinvested (2.3% a year), or $12,830 taking the dividends as cash, $5,646 of it paid out along the way.
NMS became
$13,204
S&P 500: $45,735
Return a year
2.3%
S&P 500: 13.5%
Payouts reinvested
$7,614
bought more shares
Worst drop
-36.8%
S&P 500: -23.9%
$10,000, Oct 2014 to Oct 2026
Payouts reinvested · S&P 500 reinvested
| Year | NMS total return | Paid out | S&P 500 |
|---|---|---|---|
| 2026 (part) | −5.2% | $778 | +11.7% |
| 2025 | +2.1% | $980 | +17.7% |
| 2024 | +19.6% | $804 | +24.9% |
| 2023 | +1.6% | $445 | +26.2% |
| 2022 | −21.9% | $568 | −18.2% |
| 2021 | +5.4% | $584 | +28.7% |
| 2020 | +5.9% | $530 | +18.3% |
| 2019 | +25.6% | $507 | +31.2% |
| 2018 | −13.3% | $549 | −4.6% |
| 2017 | −1.6% | $601 | +21.7% |
| 2016 | +13.0% | $607 | +12.0% |
| 2015 | +7.4% | $578 | +1.2% |
| 2014 (part) | −1.0% | $85 | +2.5% |
"Paid out" is what your holding received that year. Month-end prices; no costs or taxes.
Key facts: NMS total return
Data as of · Source: SmarterDividends data
- $10,000 invested in Nuveen Minnesota Quality Municipal Income Fund (NMS) at the end of Oct 2014, with dividends reinvested, was worth $13,204 at the end of Oct 2026: 2.3% a year, against $45,735 (13.5% a year) in the S&P 500.
- Over the 10 years to Oct 2026, NMS turned $10,000 into $10,234 with dividends reinvested, 0.2% a year.
- Over the 5 years to Oct 2026, NMS returned -1.6% a year with dividends reinvested (S&P 500: 12.0%).
- Taking NMS's dividends as cash instead of reinvesting them, the same $10,000 ended at $12,830, including $5,646 of cash received; reinvesting added $374.
- NMS's best calendar year in that time was 2019 (25.6%) and its worst 2022 (-21.9%), with dividends reinvested.
Cite this page
SmarterDividends, "Nuveen Minnesota Quality Municipal Income Fund (NMS) Total Return Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/NMS/total-return
NMS total return questions
If I invested $10,000 in NMS 10 years ago, how much would I have?
About $10,234 at the end of Oct 2026, with every dividend reinvested: 0.2% a year. Taking them as cash, you'd have shares worth $6,186 or so plus the cash you received. The same $10,000 in the S&P 500 became $41,633.
What is NMS's total return since Oct 2014?
32% in total, or 2.3% a year, through Oct 2026 with dividends reinvested. The share price alone fell 28%.
How much of NMS's return came from dividends?
About 100% of its yearly return since Oct 2014. Reinvesting them, rather than taking cash, left you $374 better off on a $10,000 start.
What was NMS's worst year?
2022, at -21.9% with dividends reinvested (S&P 500: -18.2%). Its deepest fall from a peak, on month-end values, was -36.8%.
How is total return calculated here?
From month-end prices: the adjusted price counts every dividend reinvested in the month it was paid; the plain price doesn't. The S&P 500 is SPY with its dividends reinvested. No trading costs or taxes.